Someone stole this Clemente Rookie at auction

[Beastmode]

Originally Posted by WWG

This didn't come from VCP, it came right off Heritage webpage. Are you saying HA posted selling price without receiving payment?

VCP is a data mining company, in simple terms. Taking data from various sources and putting it in their software. IMO, VCP provides a valuable service by consolidating the sales records of cards, and saves me a whole lot of time.

however, the data they gather is only has good as it's source. VCP does not know if the auction was paid for or not, just that it closed. And once it's closed, it makes it's way over to VCP. As the saying goes, garbage in-garbage out.

As far as I know, AH's are not required, and do not disclose voluntarily, whether an auction has been paid for or not. This includes e-bay. It's up to you as a buyer to sort through the outliers and determine if real or not.

[irv]

Originally Posted by 1952boyntoncollector

It has been discussed whether money actually changed hands or perhaps its just the buyer winning their own card.... Until i see someone crying that they paid 131k for that card i really can't believe that lone sale.

Didn't we already have this conversation about a $80,000 dollar Koufax, Jake?

IIRC, you stated, whether money exchanged hands or not, the $80,000 is what the card sold for, so what are you trying to say above, exactly?

[Johnny630]

The market was heavily manipulated the past two years we all know it.

[Peter_Spaeth]

Originally Posted by Johnny630

The market was heavily manipulated the past two years we all know it.

Well, some of us denied it vehemently, and even repeatedly mocked those who claimed it was.

[Johnny630]

I wonder how many now believe it wasn't ?

[Leon]

Originally Posted by Peter_Spaeth

Well, some of us denied it vehemently, and even repeatedly mocked those who claimed it was.

When the guy manipulating it comes on the forum and says he is doing it, it's hard to dispute it. But some will....

[samosa4u]

Originally Posted by Leon

When the guy manipulating it comes on the forum and says he is doing it, it's hard to dispute it. But some will....

I'm actually thinking of starting a thread on this subject. So what exactly is market manipulation? A few super-rich guys bid on thousands and thousands of auctions last summer and then just stopped? What about the cards they won? Did they pay for them or not? How exactly did it work?

Also, will we ever see prices jump like they did last summer or was that a one time thing?

[WWG]

Originally Posted by samosa4u

I'm actually thinking of starting a thread on this subject. So what exactly is market manipulation? A few super-rich guys bid on thousands and thousands of auctions last summer and then just stopped? What about the cards they won? Did they pay for them or not? How exactly did it work?

Also, will we ever see prices jump like they did last summer or was that a one time thing?

Yes, they would overpay on mid grade items which in turn would pump up the price on high grade items. Then they would just sell the card they just bought at a profit as the market was now "hot". The real money came when the higher grade cards were selling for never before seen prices. Many Rookie cards have come back down to earth in price (Clemente, Koufax) but occasionally you'll see a different Rookie card get a lot of attention like the 1925 Exhibit Lou Gehrig which is the hot card of the summer going for crazy prices.

[rats60]

Originally Posted by samosa4u

I'm actually thinking of starting a thread on this subject. So what exactly is market manipulation? A few super-rich guys bid on thousands and thousands of auctions last summer and then just stopped? What about the cards they won? Did they pay for them or not? How exactly did it work?

Also, will we ever see prices jump like they did last summer or was that a one time thing?

There were cards that were not paid for. Auction Houses don't reveal which ones weren't. It would be nice for the hobby and collectors, but we are just left to guess.