Quote:
Originally Posted by ctownboy
Why would someone shill a card waaaaay above a record price?
Hypothetical -- A card is worth/valued at $6,000. It gets sent to an auction where it is shilled to the stratosphere. The "auction" ends with a "record" sales price that goes into the VCP.
Six months to a year later, the same card goes to a large but different auction house. Some of the bidders with that auction house don't know the card has a "history" and only look at the VCP reports. They bid on and win the card for $10,000 which they think they got for a bargain since it last sold for $14,000.
So now, because of the shill bids to the stratosphere, a $6,000 card becomes a $10,000 dollar card and the new buyer has no clue they have been cheated.
David
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People tend to do their homework on $10,000 dollar cards...one lone sale isn't all the rage on ebay..they also look at other auction houses.....also you cant shill against your yours..in your situation....the card that sold for $14,000 probably had many underbidders between $10,000-$14,000 unless all of them are shilled...seems like a loot of work..plus since its a PWCC auction you cant just cancel the sale...you will have to eat 6-14% on your win.....
How many times has that 1952 PSA 8 mantle been shilled..the same type of card grade wise.. sold at multiple auction houses for over $400k...but for some reason on ebay its all fake?
11-08-2015, 03:46 PM
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