From REA to Ebay in less than 12 hours

[ullmandds]

there are a number of people...many on this board...who have attempted to employ this business model over the years...they'll buy something from one of the big auction houses...then put it in the BST the next day...or week at an overinflated price.

I've always wondered WTF these people are thinking? WE're all looking at these auctions together...discussing them ad nauseum on this and other sites. If I didn't want to pay what it sold for in the big auction house...why would I now want it for 30-50% more?!

I'm sure Dan thought it was a good deal and doesn't mind having it in his inventory for a while...and that's fine...but those that think they'll sell these "flips" overnight...that's just crazy!

[Exhibitman]

Originally Posted by ullmandds

I've always wondered WTF these people are thinking? WE're all looking at these auctions together...discussing them ad nauseum on this and other sites. If I didn't want to pay what it sold for in the big auction house...why would I now want it for 30-50% more?!

WE might not but there are a lot of other collectors out there; the market is wider than just this audience. I've flipped stuff profitably straight out of auctions and straight out of eBay sales. Just depends on the item and on finding a willing buyer. Also, if the item is a good one and is rare, it isn't necessarily a bad thing to hold in inventory. I've seen things I've owned for a while appreciate well past the point where I'd have happily flipped them. Dan's an old pro at this so he clearly knows his business model.

[ullmandds]

obviously...you are right, Adam!

[Jacklitsch]

Originally Posted by ullmandds

obviously...you are right, Adam!

He usually is.

[hammer]

Maybe it was his card to begin with and he broke the top bidder. Isnt Rea the Rob Lifson in the book about the Wagner card.

Nothing wrong with flipping. I work in the public school system and flip to support my affliction...er, the hobby. Proud to say I nickeled and dimed my way into a 1951 Bowman Mantle in SGC 55 free and clear this calendar year and a 1948 Leaf Jackie Robinson in PSA 5 last year. I realize this is off-topic and not pre-war related by there's nothing wrong with buying with the intent to sell, regardless of the turnaround time.

[Bestdj777]

There are a few rare cards that I will purchase every single time I see them for sale and turn around and flip them. If you get them for less than you think they are actually worth, why not right?

[ElCabron]

Any chance the whiners who are so concerned about Dan's "huge collection" can shut the hell up and not be so obsessed about what he does or doesn't do? The fact that he's built a great collection seems to offend some of you, and your collection envy slips out into posts on a somewhat regular basis. Maybe one solution would be keeping a better focus on your own collection instead of Dan's and maybe someday it might grow to be as big as Dan's. Think of it as baseball card Viagra.

Also, as soon as someone buys one of Dan's ebay listings and doesn't receive the item, or doesn't receive it in a timely manner, it might be worthy of a post. Until then, you're just making a strong argument that "haters gonna hate."

-Ryan

Originally Posted by Bestdj777

There are a few rare cards that I will purchase every single time I see then for sale and turn around and flip them. If you get them for less than you think they are actually worth, why not right?

Bingo!

[sbfinley]

Originally Posted by ullmandds

I've always wondered WTF these people are thinking? WE're all looking at these auctions together...discussing them ad nauseum on this and other sites. If I didn't want to pay what it sold for in the big auction house...why would I now want it for 30-50% more?!

Because you just never know. Just today I discovered a card that I never knew existed thanks of this forum, and now it is firmly on my want list. REA's book came and I scanned it a few times, took note of a couple things, and let the auction pass as there wasn't really anything I had to have. Then Rhett posted the Moonlight Graham PC in the pickup thread and my jaw dropped. Not everyone in the hobby follows the auction scene and I was bidding in the auction and did not even realize what the card was (hell, I don't think REA did either based upon the description). If Rhett posted that card in the B/S/T for the price of the entire lot or slightly higher I would strongly consider it.