Josh Gibson photo from RMY

bn2cardz · #1 08-08-2017, 08:55 AM

Not every possibly interested party is able to see every possible auction. I have paid a premium on this site when someone picked it up off of ebay for half what I paid. I knew this when I did it and felt no ill feelings towards the seller. I even told him that it essentially was a finder's fee, because he found it and not me.

Also you can't assume the prices are going up across the board on photos. Each auction seems to bring different prices. Some stay close, but others have drastic changes.

For instance this Ruth that sold in 2014 for $1068, then resold this year for $105
https://rmyauctions.com/bids/bidplace?itemid=3433
https://rmyauctions.com/bids/bidplace?itemid=23110

If the buyer this time around keeps seeing posts that say values are going up in photos and sees they bought a photo at 1/10th the price it last sold at in the same venue, would it be unreasonable for them to think they could ask 10x the value this time?

Forever Young · #2 08-08-2017, 08:58 AM

Quote:

Originally Posted by bn2cardz

Not every possibly interested party is able to see every possible auction. I have paid a premium on this site when someone picked it up off of ebay for half what I paid. I knew this when I did it and felt no ill feelings towards the seller. I even told him that it essentially was a finder's fee, because he found it and not me.

Also you can't assume the prices are going up across the board on photos. Each auction seems to bring different prices. Some stay close, but others have drastic changes.

For instance this Ruth that sold in 2014 for $1068, then resold this year for $105
https://rmyauctions.com/bids/bidplace?itemid=3433
https://rmyauctions.com/bids/bidplace?itemid=23110

If the buyer this time around keeps seeing posts that say values are going up in photos and sees they bought a photo at 1/10th the price it last sold at in the same venue, would it be unreasonable for them to think they could ask 10x the value this time?

Great points. And I guess I lied about being my last post. Dang it. I doubt someone would sell there house for 1/10 of what they paid

Snapolit1 · #3 08-08-2017, 09:18 AM

I lied too. My last words. . .

Yes, it's the Wild West right now in photos. Is that photo worth $1,000 or $10,000. Not always so clear. No VCP or other database to easily consult. But if the last two sales of a photo in the last two years were $500 and then $700 a few months later, I'd be hesitant to pay $4,000 unless you are buying it totally removed from any worry about valuation.

Forever Young · #4 08-08-2017, 10:20 AM

Quote:

Originally Posted by Snapolit1

I lied too. My last words. . .

Yes, it's the Wild West right now in photos. Is that photo worth $1,000 or $10,000. Not always so clear. No VCP or other database to easily consult. But if the last two sales of a photo in the last two years were $500 and then $700 a few months later, I'd be hesitant to pay $4,000 unless you are buying it totally removed from any worry about valuation.

I wouldn't be on certain photos and certain instances. Bottom line is.. like usual .. buy what you like and feel comfortable buying. If not.. don't buy. If someone buys something for more than what you will spend, that doesn't make them stupid. If said person decides to sell that item for 2x that doesn't make them stupid or wrong... actually the contrary.

I have been offered double on an item that I mentioned before the next day and turned down.. am I stupid because of it? I think you have photos I would pay you double or even triple that you picked up a year or so ago. If you do not sell them to me, does that make you wrong?

As more people get in the photos, prices are going to fluctuate. Anytime new price points are established , pleople will resists. People that Have missed the boat so to speak are going to fight it. People that Have been doing it for a long time and want to continue to buy photos of the same prices are going to fight the change. People that have sold or traded photos and regret it(I have a couple instances) might fight it. And people that simply don't understand photos and think prices are stupid are going to fight it.

If photos take off where they could be, it will affect a lot of collectors and dealers.

Don't worry.. be happy .. and collect what you want and let others do the same.

Ps: sorry about potential gibberish.. voice texting again.

Snapolit1 · #5 08-08-2017, 11:07 AM

No gibberish at all. Makes a lot of sense.

Quote:

Originally Posted by Forever Young

I wouldn't be on certain photos and certain instances. Bottom line is.. like usual .. buy what you like and feel comfortable buying. If not.. don't buy. If someone buys something for more than what you will spend, that doesn't make them stupid. If said person decides to sell that item for 2x that doesn't make them stupid or wrong... actually the contrary.

I have been offered double on an item that I mentioned before the next day and turned down.. am I stupid because of it? I think you have photos I would pay you double or even triple that you picked up a year or so ago. If you do not sell them to me, does that make you wrong?

As more people get in the photos, prices are going to fluctuate. Anytime new price points are established , pleople will resists. People that Have missed the boat so to speak are going to fight it. People that Have been doing it for a long time and want to continue to buy photos of the same prices are going to fight the change. People that have sold or traded photos and regret it(I have a couple instances) might fight it. And people that simply don't understand photos and think prices are stupid are going to fight it.

If photos take off where they could be, it affects a lot of collectors and dealers.

Don't worry.. be happy .. and collect what you want and let others to the same.

Ps: sorry about potential gibberish.. voice texting again.

Runscott · #6 08-27-2017, 06:34 PM

Quote:

Originally Posted by Forever Young

.. buy what you like and feel comfortable buying. If not.. don't buy. If someone buys something for more than what you will spend, that doesn't make them stupid. If said person decides to sell that item for 2x that doesn't make them stupid or wrong... actually the contrary.

I have been offered double on an item that I mentioned before the next day and turned down.. am I stupid because of it? I think you have photos I would pay you double or even triple that you picked up a year or so ago. If you do not sell them to me, does that make you wrong?

Agree completely.

I have bought a few unique (or close to it) items thinking I paid too much, then have someone offer me even more a few weeks/months later. More than once the story has been that they just didn't have the cash to keep bidding, but now they do and think the item is well worth paying the premium.

Whoever bought Josh might think he has a better audience on ebay than Rhys did, and that he got a great deal. On the flip side, I have seen Rhys sell photos in his auction for double what I was asking for the exact same print on ebay.

That Josh Gibson print is a great one, regardless of its worth.

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