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#1
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The only thing that makes any sense is the idea posted in the string Peter cited: someone is trying to run the price up - but not win it - because they have the same card and are in effect trying to protect their investment buy making sure a card doesn't sell for too low a price. If I paid 160,000 for a Rose rookie card, I might be a little concerned if one was about to close at 90,000. So I pump the gas a little hoping to move up the price, not really hoping to be the buyer at the end of the day. Still think this is a dangerous strategy if you don't really want the cRd, particularly at AHs with a 10% step up on bids. Of course if you are a real dirt bag you just renege on the deal f you are accidentally the winner and don't pay at all. Or use 1 of your 25 retractions.
Last edited by Snapolit1; 10-12-2016 at 06:04 PM. |
#2
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__________________
My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ He is available to do custom drawings in graphite, charcoal and other media. He also sells some of his works as note cards/greeting cards on Etsy under JamesSpaethArt. |
#3
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Which leads us to the real strategy of the buyers group. Pump up a bunch of high end vintage cards to 3-6X average price through string bidding or shilling, while never paying for the cards and retracting all those bids. Watch VCP swallow the data and recalculate inordinately high average prices; then sell your own supply that you bought last year at the new fictitious VCP average. IMO, the real issue here is VCP needs to find a way to eliminate any auction that hasn't been completed (paid for). Start with ebay, then go from there to AH's. I know easier said than done, but maybe ebay and VCP can partner up. |
#4
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I am sure this has happened, I'd be surprised if it was an epidemic. Have to say the recent machinations around that Rose rookie card have been interesting to say the least.
In a few short months we've gone from a cabal of filthy rich hedge fund guys who don't care about how much money they spend on anything, to what sounds like a sophisticated group of criminals intent on rigging the auction market and third tracking party tracking services. Maybe a third theory will surface before long. Wherever there is big money there is fraud. You can count on that. |
#5
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Leon Luckey Last edited by Leon; 10-13-2016 at 06:28 AM. |
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