Vintage Set Group Break Idea! Input Needed!

[oldjudge]

Eric--that's great info, but you wonder, if people are willing to play a game where they have no idea what the house take is, why they would care what the expected value of a pick it.

[Eric72]

Originally Posted by oldjudge

Eric--that's great info, but you wonder, if people are willing to play a game where they have no idea what the house take is, why they would care what the expected value of a pick it.

It's an important part of the equation...just figured I would throw it out there.

Best regards,

Eric

[oldjudge]

Eric--if you believe these values are representative of the value of what is being purchased then the set should cost $13,369 (using mid-points) and a pick should be worth $64.90 with no house take. What I wonder is, with these numbers, how much would Nick and Leon charge per pick. If they charge $70, which doesn't seem like a big premium, they are making almost 10% which translates to over $1000.
And don't forget shipping.

[Eric72]

Originally Posted by oldjudge

Eric--if you believe these values are representative of the value of what is being purchased

Of course, condition is important...perhaps critical...in determining value.

Originally Posted by oldjudge

the set should cost $13,369

I believe a complete set can be purchased for quite a bit less than this. However, again, condition will certainly come into play. The "book value" (from the same Beckett price guide) lists the complete 206 card set, in Near Mint condition, at $8,000.

Originally Posted by oldjudge

a pick should be worth $64.90

I will defer to others (Nick and Leon, especially) on how much a pick should be worth; however, that does seem a bit high to me for this particular set break. Unless, of course, the cards are all graded and uniformly in NM or better condition. In which case, the chance of landing one of the better cards in the set comes into play.

Originally Posted by oldjudge

they are making almost 10%...And don't forget shipping.

Percentage-wise, that seems fair to me.

Just my two cents on the topic.

Best regards,

Eric

[autocentral]

Originally Posted by oldjudge

Eric--that's great info, but you wonder, if people are willing to play a game where they have no idea what the house take is, why they would care what the expected value of a pick it.

As previously stated in multiple answers to questions. Leon & I are trying to be as transparent as possible. The amount we purchase the set for will be disclosed, if you have a problem with the premium charge we decide to charge don't join. It is really as simple as that. I promise you this, it definitely won't be near the premium blowoutcards previously charged for the both times they have ran a break like this. They must have had close to 30% premium charge, that my guess.

As for trying to determine a price for a spot, that remains to be seen but $65 is definitely not an accurate prediction. I understand people want all the answers to their questions at this time like a price per spot, a premium charge, etc. but we are just in the starting phases of setting this up so we can't provide that info until we finally post the official thread where people can claim spots and actually join the break.

Thanks,
-Nick

[Eric72]

Originally Posted by autocentral

As previously stated in multiple answers to questions. Leon & I are trying to be as transparent as possible. The amount we purchase the set for will be disclosed, if you have a problem with the premium charge we decide to charge don't join. It is really as simple as that. I promise you this, it definitely won't be near the premium blowoutcards previously charged for the both times they have run a break like this. They must have had close to 30% premium charge.

As for trying to determine a price for a spot, that remains to be seen but $65 is definitely not an accurate prediction. I understand people want all the answers to their questions at this time like a price per spot, a premium charge, etc. but we are just in the starting phases of setting this up so we can't provide that info until we finally post the official thread where people can claim spots and actually join the break.

Thanks,
-Nick

Nick,

At risk of offending, this reply does not seem congruent with a scholarly debate on the topic. I believe Net54 is supporting you on the idea of a 1955 Topps set break.

We simply want all of the details before signing on.

Best regards,

Eric

[autocentral]

Originally Posted by Eric72

Nick,

At risk of offending, this reply does not seem congruent with a scholarly debate on the topic. I believe Net54 is supporting you on the idea of a 1955 Topps set break.

We simply want all of the details before signing on.

Best regards,

Eric

No offense taken.

I know the community is supporting me and Im really appreciative of all the support. I know everyone wants to have all the details now but the truth is we don't have all the information to answer everyone's question. Im trying to answer every question as best as I can with the information I have at this time.

I promise, everyone will have time once all the information is officially posted on a new formal thread to sign in on the break if they wish. That new thread will hopefully provide all the information needed for members to decide if they want to join.

Thanks,
-Nick

[ZenPop]

In the event of many people participating, and in the interest of fairness, should all parties get one card and only then open it up to multiple slots on a first come, first served basis?

Also: If this works well (which I think it surely will) please consider these beautiful sets:

'50, '51, '52 Bowman
'52, '53, '54 Topps
'41 Playball
'33, '34 Goudey
'34 Diamond Stars
...and... of course... the t206 or other tobacco cards. (The Cracker jacks would be awesome... but, much like the tobacco cards, way out of my price range... but it would be fun to watch!)

[autocentral]

Originally Posted by ZenPop

In the event of many people participating, and in the interest of fairness, should all parties get one card and only then open it up to multiple slots on a first come, first served basis?

Also: If this works well (which I think it surely will) please consider these beautiful sets:

'50, '51, '52 Bowman
'52, '53, '54 Topps
'41 Playball
'33, '34 Goudey
'34 Diamond Stars
...and... of course... the t206 or other tobacco cards. (The Cracker jacks would be awesome... but, much like the tobacco cards, way out of my price range... but it would be fun to watch!)

I think with the 206 spots in the 1955 Topps set there will definitely be enough spots for people to take as many spots as they want. Everyone will definitely have a shot at spots. For possible future breaks that have less spots like pre-war sets for example limiting the number of spots you can buy could definitely be a possibility. Thanks for providing possible suggestions for future breaks.

Thank you for your post,
-Nick

[oldjudge]

Not everyone is supporting you. I would support this if the net proceeds were benefiting a charity. As a profit making scheme I am against this. I would be interested if one of the lawyers on the board could chime in as to the legality if this.