RE flips days later

[Snapolit1]

Guess its to be expected, and I've seen it before, but stuff sold only a few days ago at a leading auction house immediately shows up on eBay at grossly inflated prices. An item that sold for $1200 a few days ago is now $3000. Always makes me scratch my head when I see this. Are there really a lot of people out there dropping this kind of loot on Ebay who don't see what is going on at the leading AHs?

[keithsky]

I see sometimes when some of the major auction houses auctions end usually late at night the next day the guy has it listed on Ebay. That isn't even possible in my view. Even if you pay the next day it can't be shipped by the time it's listed maybe 10 hours or less later and the auction house don't ship out hours after the auction ends. I always think what if it sells on Ebay and the item gets lost to the Ebay seller waiting for it to come from the auction house. Not what you tell the Ebay buyer Sorry I don't have it in hand. It's a joke.

[Dewey]

Like a photo sold at RMY for $40 makes its way to ebay for $800. Then touted on Net54's BST with a "discount" off ebay price. Folks can do what they want, but some cases are just laughable.

[Snapolit1]

I've seen people buy photos at RMY and then try to sell for 10x on ebay.

[Dewey]

That's a modest mark-up in some cases.

Originally Posted by Snapolit1

I've seen people buy photos at RMY and then try to sell for 10x on ebay.

[JoeyFarino]

lol...are you talking about some of the photos on ebay that are being listed for insane prices? Just turns people off who are looking to get into collecting and see the prices. Many do not sell and just sit and sit. Nothing wrong with wanting to make a profit but god daaaaaaaaamn

[Snapolit1]

Originally Posted by JoeyFarino

lol...are you talking about some of the photos on ebay that are being listed for insane prices? Just turns people off who are looking to get into collecting and see the prices. Many do not sell and just sit and sit. Nothing wrong with wanting to make a profit but god daaaaaaaaamn

Well it's easier to ask outlandish prices on photos because there is no standard database of past sales. No VCP. There is a photo right now on BST for multiples of $1000, I will say no more, which I'm guessing is easily 200% higher than it would sell on RMY.

You can get some really cool stuff at RMY for $80 or $100.

[vintagesportscollector]

I have settled with the fact that people will do absurd, crazy, dishonest and selfish things because they have problems. I ignore them and don't let it bother me (or at least try to not let it bother me.)

I recently sold a piece of memorabilia on Ebay for a $50 BIN, because it was worth $50 and little more. It was a piece I have a lot of knowledge about. I saw it then being resold for $1500 by someone who is just fishing for some uneducated misguided person to come along and buy it.

Shortly after it was listed for $1500, I had some other ebayer send me a message saying basically that "I was stupid for selling it for $50 because it was now being resold for $1500 and that I should do my homework"...HA!!

I won't get into the details of what I replied, but basically I told that idiot that just because someone lists something for $1500, doesn't make it worth that, and that I am not the one who needs to do some homework.

I was not bothered by the fact someone relisted the $50 item for $1500, but I was bothered that some unknowing person could come along, be tricked, and think the item was something that it is not.

[Exhibitman]

As long as there is no deception in the listing I don't have a problem with someone trolling for a buyer at an inflated price. The educated buyers will just stay away.

There are a million reasons why something can sell for more in one venue over another. Not all of them are nefarious. I know of some collectors who do not like to do business through eBay because they don't have the time or inclination to troll thousands of listings. Some AH's don't have the reach to sell through certain items to the right market so they go cheap. All it means is that the right buyer wasn't watching that particular auction. Which is probably why I've run listings on eBay for months only to have them sell later. Just took the right buyer.

[vintagesportscollector]

Originally Posted by Exhibitman

As long as there is no deception in the listing I don't have a problem with someone trolling for a buyer at an inflated price. The educated buyers will just stay away.

There are a million reasons why something can sell for more in one venue over another. Not all of them are nefarious. I know of some collectors who do not like to do business through eBay because they don't have the time or inclination to troll thousands of listings. Some AH's don't have the reach to sell through certain items to the right market so they go cheap. All it means is that the right buyer wasn't watching that particular auction. Which is probably why I've run listings on eBay for months only to have them sell later. Just took the right buyer.

I agree Adam, your are right. In my case the problem was there was deep deception involved in the listing.

[Snapolit1]

". . .just because someone lists something for $1500, doesn't make it worth that . . ."

So true. When I first started collecting it took me a good while to grasp that.

My wife loves those antique shows where they size things up and dramatically announce what they are supposedly worth. I'm always yelling at the TV what nonsense so much of it is. "Yeah sure its worth $25,000 . . .try finding someone to pay it!"

[Shoeless Moe]

hey, someone is selling a "hyphen" for $2500 in the BST, a F'ing hyphen!

[JoeyFarino]

Originally Posted by Shoeless Moe

hey, someone is selling a "hyphen" for $2500 in the BST, a F'ing hyphen!

is it original or a reprint???

[Shoeless Moe]

not sure........I'm actually looking for an apostrophe or a semi colon, but if you are in the market for a hypen, she's a beauty.

[vintagesportscollector]

Originally Posted by Shoeless Moe

hey, someone is selling a "hyphen" for $2500 in the BST, a F'ing hyphen!

I saw that on ebay too tonight .. from Wrigley Field marquee.

http://www.ebay.com/itm/Wrigley-Fiel...MAAOSwTuJYuzgv

[scooter729]

I made a joke post about the same topic last week - makes me laugh when I see it, especially here on the board. Do these people think no one is aware of REA??

http://www.net54baseball.com/showthread.php?t=238950

[Snapolit1]

Originally Posted by scooter729

I made a joke post about the same topic last week - makes me laugh when I see it, especially here on the board. Do these people think no one is aware of REA??

http://www.net54baseball.com/showthread.php?t=238950

Ha, great post.

It is instructive though, because when I see a seller doing that I immediately assume all of their wares are priced at rip off flip levels and never give them a second look.

[Runscott]

I have bought photos for hundreds and sometimes even thousands of dollars, then later sold them for 1/3 - 1/2 of what I paid by going either through auction houses or straight ebay auctions. I once lost over $3,000 on a set of cabinet cards and I don't believe I paid the seller much over what he paid. I have also bought rare photos very cheaply and sold them for huge profits.

I have also seen collectors post here, ecstatic over the deal they got, knowing that the item sold for much less previously...which means a seller got royally screwed sometime along the way.

I am not currently losing sleep over either of the above situations. What bugs me is when something gets lost, stolen or dropped and broken.

[tachyonbb]

This is a situation in every area of eBay. I coach a girls high school trap team. When someone shoots 25/50/100 straight targets they get a patch to put on their shooting vest. I can buy these from Federal, Remington and Winchester for less than a dollar each. There is a guy/girl on eBay (username washandwear) who sells individual patches for $5.00 and four patches for $30.00. He sells 20-100 a month. I asked him if they were the same ones I could buy retail from the Federal web site for 50 cents and he replied that he got them from an uncle who had a large collection in his attic. Some things never change.