Waste.

[1952boyntoncollector]

Originally Posted by pokerplyr80

People over pay for things all of the time. My point is that it doesn't matter if we think he did. And that it's very difficult to say when your talking about the only one in existence.

plus if bidding is legit....whatever the winning bid was...the underbidder may of just been a few hundred below them and another bidder a few hundred more.

so when talking thousands and thousands of dollars...maybe the winning buyer was willing to 'overpay' by 1-3 percent to win the card....to me thats just market price ...we expect to lose 5-10% on any card we buy at a huge auction and sell the next week in an auction.

Now on private sales i can see someone 'overpaying' when no one else would pay within 50% of what a guy paid to pry a card out of someone's hands...but still time will tell.

but again in a fair auction...noone is going to be paying 50% more than the market due to all the under bidders.....in a private deal , all you have is the seller saying 'i already have someone offering X for the card' thats not as legit as seeing a real bid in an auction..

[Peter_Spaeth]

Originally Posted by 1952boyntoncollector

plus if bidding is legit....whatever the winning bid was...the underbidder may of just been a few hundred below them and another bidder a few hundred more.

so when talking thousands and thousands of dollars...maybe the winning buyer was willing to 'overpay' by 1-3 percent to win the card....to me thats just market price ...we expect to lose 5-10% on any card we buy at a huge auction and sell the next week in an auction.

Now on private sales i can see someone 'overpaying' when no one else would pay within 50% of what a guy paid to pry a card out of someone's hands...but still time will tell.

but again in a fair auction...noone is going to be paying 50% more than the market due to all the under bidders.....in a private deal , all you have is the seller saying 'i already have someone offering X for the card' thats not as legit as seeing a real bid in an auction..

Two people or even three can get caught up in hype and hysteria just as easily as one. So to me a "legit" auction price is not at all inconsistent with the winner overpaying.

[1952boyntoncollector]

Originally Posted by Peter_Spaeth

Two people or even three can get caught up in hype and hysteria just as easily as one. So to me a "legit" auction price is not at all inconsistent with the winner overpaying.

right but theres a chance they werent caught up as well. There still were others willing to go very close to the sale price

when you do a private deal you have no way to know if someone else is even willing to bid close in a hysteria situation if thats all it was..

[Mdmtx]

George Carlin hit the nail on the head:

“Have you ever noticed that anybody driving slower than you is an idiot, and anyone going faster than you is a maniac?”

[Jewish-collector]

I'm sure the guy who bought the James card said to his family and/or friends, "Sometimes you gotta say WTF"