its not the auction houses fault its the bidders

Welcome to Net54baseball.com. These forums are devoted to both Pre- and Post- war baseball cards and vintage memorabilia, as well as other sports. There is a separate section for Buying, Selling and Trading - the B/S/T area!! If you write anything concerning a person or company your full name needs to be in your post or obtainable from it. . Contact the moderator at leon@net54baseball.com should you have any questions or concerns. When you click on links to eBay on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network. Enjoy!

#15

02-14-2010, 01:14 PM

barrysloate barrysloate is offline

Barry Sloate

Member

Join Date: Apr 2009

Location: Brooklyn, NY

Posts: 8,297

Jerry - your point could be well taken, but you are missing something critical.

Suppose a card has a fair market value of $2000 and it is sitting at $1400 late on the final night. The auction house then places the next bid of $1500. Sure, they run the risk of buying it, but at that level they may be glad to do so.

I think with some auction houses the policy is they will not let anything go cheap, even if they have to buy it themselves. And had they won that $2000 card for the $1500 bid, they would just hang onto it for a bit and resell it for a profit down the road. So they really risked nothing.

« Previous Thread | Next Thread »

Posting Rules
You may not post new threads You may not post replies You may not post attachments You may not edit your posts BB code is On Smilies are On [IMG] code is On HTML code is On Forum Rules

Forum Jump

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
How quick do YOU Pay Auction Houses	JamesGallo	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	15	05-05-2009 07:40 PM
Auction Houses....fun for you or not?	Archive	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	22	02-25-2009 02:31 PM
Krause Publications launches an auction site	Archive	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	27	02-17-2009 10:35 PM
Auction Houses-Going, Going..Gone?	Archive	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	121	02-13-2009 12:05 PM
Popularity of Web Auctions Helps Fuel Growth in Live Auction Industry	Archive	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	0	11-26-2007 10:29 AM

All times are GMT -6. The time now is 02:29 AM.