Misery Loves Company - Any Stories About Taking a Loss at Auction?

packs · #1 09-11-2015, 10:06 AM

Haven't had too many re-sale beatings but there have been plenty of times I thought I got a good deal on something that I didn't want, but figured I could make a buck on--only to resell the same card years later for the same price I bought it for.

T206Collector · #2 09-11-2015, 10:46 AM

Quote:

Originally Posted by packs

Haven't had too many re-sale beatings but there have been plenty of times I thought I got a good deal on something that I didn't want, but figured I could make a buck on--only to resell the same card years later for the same price I bought it for.

That happens way to much -- whenever I try to buy something at what I perceive to be a value that I am not otherwise interested in, when I try to flip it it rarely if ever works out.

arcadekrazy · #3 09-11-2015, 11:00 AM

Part and parcel to the Hobby, I gather. I purchased, in a private sale, a really hard to find type card. I paid over $2,000. When I decided to part with my cards, this particular card sold, in auction, for less than $1,000.

Since I use disposable money for my collection, it wasn't the end of the world. Annoying, but not something that will bankrupt me. At the end of the day, I enjoyed owning the card and view the loss as a cost of deriving excitement from the chase.

glchen · #4 09-11-2015, 11:06 AM

I've set record lows for cards when selling them at auction whether it's my own store, starting at 99 cents or sending to consignment shops or major auction houses. Sometimes, it's all about hoping that the right people see your cards, and if not, you can take major hits.

bbcard1 · #5 09-11-2015, 11:13 AM

I had a Carolina Bright back that I sold through an auction house�it was part of a lot and I paid an average of $500 a card or so. I selected the AH because I really like the seller and he has done well for me over the years, but this may not have been the right fit. It sold between $300 and $400 and I figured, what the hey, it was one of the lower grade ones anyway. The same card turned up at another AH just two weeks later and sold for about $1250. Ouch.

mybuddyinc · #6 09-11-2015, 11:29 AM

Yes, mid - $x,xxx range

-- Yes

Lived and Learned --

Econteachert205 · #7 09-11-2015, 11:33 AM

sometimes when i sell a card for a loss, which doesn't happen a ton but does happen, I figure out how long I owned it and try to consider it more as renting a card. The works especially well for cards I upgrade, it's a rental place holder card and the fee is my loss but the benefit is having a set filled.

Rickyy · #8 09-11-2015, 02:36 PM

I think many if not most all can relate to this... I've thinned out some stuff and taken hits on them with auction houses. Interesting I've also sold some stuff on my own, where I made a little money (so can't complain really!), but if I found out later that if I probably sold it through an AH....I would have gotten more..

Ricky Y

GasHouseGang · #9 09-11-2015, 03:39 PM

A friend of mine in the hobby decided to put together a 1933 Goudey set. He further decided to make it a strict PSA 6 set. Which meant sometimes buying SGC graded cards and paying for a cross over. By the time he was finished he had right around $80K into it. It was a beautiful set. He finally decided to sell it through an auction house, which sold it as a set. It ended up selling for around $50K! I felt so bad for him.

pokerplyr80 · #10 09-11-2015, 03:41 PM

I recently sold a few cards at auction. Some went for more than I paid but I took a decent hit on a couple (10-20% of what I had paid). When you factor in ebay or AH fees on both transactions though it's hard to come out ahead unless the card has increased in value significantly.

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