SCP Winnings

[Jaybird]

I find it slightly strange that people are talking about "pissing away" money for certain cards. It's not just one person that wanted it that badly. It takes 2 to bid it up there. I agree that if they sell again in the near future, they would likely sell for less because you are taking one bidder out of the equation. But who's to say another wouldn't take their place?

I for one am happy that there are people passionate about cards. I also like the fact that you cannot value everything on past sales. This is what makes auctions fun. For non-collectors, spending $500 on a card is insane. So, drawing the "sensible" line at your own personal limit seems arbitrary.

[Runscott]

Originally Posted by Jaybird

I find it slightly strange that people are talking about "pissing away" money for certain cards. It's not just one person that wanted it that badly. It takes 2 to bid it up there. I agree that if they sell again in the near future, they would likely sell for less because you are taking one bidder out of the equation. But who's to say another wouldn't take their place?

I for one am happy that there are people passionate about cards. I also like the fact that you cannot value everything on past sales. This is what makes auctions fun. For non-collectors, spending $500 on a card is insane. So, drawing the "sensible" line at your own personal limit seems arbitrary.

I get your point, but you can't knock people for considering 'market value'. It's a good discussion - one that we haven't had in a while (thank God) - but 'market value' is a slithering little beast. The crux of past arguments...I mean 'discussions'... has been: how many bidders are necessary to create 'market value'. I don't think 2 is sufficient.

[Jaybird]

I'm not knocking for considering or discussing market value. Obviously that's a valid discussion and this is a message board. What I think is silly is the comments of "wasting" and "pissing" that go along with it. It colors the argument and also I think limits the discussion. Would someone who bid on those cards come on and discuss their position after reading that? So, you really only limit the discussion to the one side.

[Rob D.]

Someone is "pissing away" money when a card reaches a certain level. Yet had the underbidder been the high bidder and bought the card at the next lower increment of the "pissing away" bid, he'd be congratulated on a great pickup.

[Blunder19]

Originally Posted by Jaybird

I'm not knocking for considering or discussing market value. Obviously that's a valid discussion and this is a message board. What I think is silly is the comments of "wasting" and "pissing" that go along with it. It colors the argument and also I think limits the discussion. Would someone who bid on those cards come on and discuss their position after reading that? So, you really only limit the discussion to the one side.

Jaybird.. if you think spending $31K on a commoner with a red hindu back is not pissing away money.. you don't know T206 prices at all...

its a perfectly valid statement.. as the winner of these cards (murphy, Seymour).. will never recoup the money they spent on the card...

The card is worth 3K.. maybe 4K because its a 1 of 1... as I like to consider myself an expert on t206 prices... I think I know exactly what im talking about...
$31K for a t206 red hindu in PSA 2 condition.. is a case of 2 people putting value aside... and just going for a card... if/when the card gets resold... or another is found and put up for sale... it will not hit even $5K..

[Blunder19]

Rob...

if the under bidder on the murphy had won the card for $29K... I don't think one person would be saying that he got the card for a good price..

[Gradedcardman]

I feel pretty sure whoever was bidding on the Murphy didn't care about resale value, only securing the card for their collection.

[DerekMichael]

Originally Posted by Gradedcardman

I feel pretty sure whoever was bidding on the Murphy didn't care about resale value, only securing the card for their collection.

i agree with this statement completely

[Rob D.]

Originally Posted by Blunder19

Rob...

if the under bidder on the murphy had won the card for $29K... I don't think one person would be saying that he got the card for a good price..

Agreed. But if that person was from the board and posted that he got the card for that price, no one would post that he pissed away money.

[Runscott]

Originally Posted by Rob D.

Agreed. But if that person was from the board and posted that he got the card for that price, no one would post that he pissed away money.

Rob, aren't we your friends?

[Jaybird]

What that Murphy did was set a price point for a 1/1 with a rare back. That will now be used as a benchmark when discussing 1/1 with rare backs. Whether or not the card hits that high water mark again, prices of 1/1s have been crazy high. Unconfirmed Piedmonts go for 10x market value so why shouldn't unconfirmed rare backs?

But that aside, my point was on the editorial comments, not the facts.

[Matthew H]

Some people are running out of time faster than money... waiting for another probably wasn't an option.

I also wouldn't knock a guy for being in a place where money isn't an issue. I don't know who bought these cards, but it's safe to say they probably don't care about resell value.

-Matt