Heritage auctions a joke

JollyElm · #1 06-08-2018, 06:52 PM

I have no idea how pertinent this is, but here's the info for anyone interested. I'm awaiting receipt of a high number 1961 PSA 8 Mickey Mantle All Star card I got off of ebay with the 20% discount coupon code. In looking at recent graded sales of the card, something jumped the f_ck out at me!!

I saw that a PSA 6 went for $864 at Heritage Auctions (highlighted in red)!! YOWZA!!!! Here is a copy and paste of a chronological list of 6's sold (from February on) this year. Look at the price disparity between that one card and all of the others!! When I clicked on links to view the cards, they all seemed completely similar to each other. None had such ferocious 'eye appeal' or centering, etc., that it would warrant paying three times what everyone else was paying. And a very similar 6 sold for $247.50 only two days after Heritage ended and one sold a week earlier for $240 (FWIW, an 8 is a BIN on ebay for $615.55 and a 7.5 for $600). I know absolutely nothing about Heritage Auctions and don't have a dog in this fight, but, man, something does not seem right here...at all.

DATE PRICE GRADE LOT # AUCTION HOUSE AUCTION / SELLER TYPE CERT
6/5/2018 $247.50 6 362334896731 eBay probstein123 Auction 40813246
6/3/2018 $864.00 6 41049 Heritage Auctions Sunday Internet Sports Collectibles Auction Ended Jun 3rd Auction 27574548
4/27/2018 $240.00 6 152987726535 eBay gleherrin_0 Best Offer 31685826
4/15/2018 $292.00 6 142746810628 eBay pwcc_auctions Auction 26033888
3/20/2018 $300.00 6 282888881390 eBay trepidation34 Buy It Now 28652074
3/15/2018 $375.00 6 302666108544 eBay jl4jc2001 Best Offer 28971850
3/9/2018 $319.99 6 112850757046 eBay amerlegends Buy It Now 28687728
3/4/2018 $245.50 6 263513056059 eBay vintagecardboardforme Auction 25835103
3/4/2018 $294.00 6 192460131594 eBay pmsbcc Auction 28648880
2/27/2018 $244.00 6 362247417468 eBay probstein123 Auction 28468211

Fballguy · #2 06-08-2018, 08:18 PM

This is exactly what I'm talking about but some would rather be ostriches and pretend it's not so. I did the same research with a different card and got the same results. It took about 5 minutes...which is apparently too much for some here.

But let the believers believe...the buyers premium suppresses bidding to the point of equilibrium.

Quote:

Originally Posted by JollyElm

I have no idea how pertinent this is, but here's the info for anyone interested. I'm awaiting receipt of a high number 1961 PSA 8 Mickey Mantle All Star card I got off of ebay with the 20% discount coupon code. In looking at recent graded sales of the card, something jumped the f_ck out at me!!

I saw that a PSA 6 went for $864 at Heritage Auctions (highlighted in red)!! YOWZA!!!! Here is a copy and paste of a chronological list of 6's sold (from February on) this year. Look at the price disparity between that one card and all of the others!! When I clicked on links to view the cards, they all seemed completely similar to each other. None had such ferocious 'eye appeal' or centering, etc., that it would warrant paying three times what everyone else was paying. And a very similar 6 sold for $247.50 only two days after Heritage ended and one sold a week earlier for $240 (FWIW, an 8 is a BIN on ebay for $615.55 and a 7.5 for $600). I know absolutely nothing about Heritage Auctions and don't have a dog in this fight, but, man, something does not seem right here...at all.

DATE PRICE GRADE LOT # AUCTION HOUSE AUCTION / SELLER TYPE CERT
6/5/2018 $247.50 6 362334896731 eBay probstein123 Auction 40813246
6/3/2018 $864.00 6 41049 Heritage Auctions Sunday Internet Sports Collectibles Auction Ended Jun 3rd Auction 27574548
4/27/2018 $240.00 6 152987726535 eBay gleherrin_0 Best Offer 31685826
4/15/2018 $292.00 6 142746810628 eBay pwcc_auctions Auction 26033888
3/20/2018 $300.00 6 282888881390 eBay trepidation34 Buy It Now 28652074
3/15/2018 $375.00 6 302666108544 eBay jl4jc2001 Best Offer 28971850
3/9/2018 $319.99 6 112850757046 eBay amerlegends Buy It Now 28687728
3/4/2018 $245.50 6 263513056059 eBay vintagecardboardforme Auction 25835103
3/4/2018 $294.00 6 192460131594 eBay pmsbcc Auction 28648880
2/27/2018 $244.00 6 362247417468 eBay probstein123 Auction 28468211

Aquarian Sports Cards · #3 06-08-2018, 09:11 PM

Quote:

Originally Posted by Fballguy

This is exactly what I'm talking about but some would rather be ostriches and pretend it's not so. I did the same research with a different card and got the same results. It took about 5 minutes...which is apparently too much for some here.

But let the believers believe...the buyers premium suppresses bidding to the point of equilibrium.

Wait what? you were complaining about BP. The post you quote is talking about the rules of Heritage which certainly seem to imply that their employees can shill and pointing to his example as evidence. Yet "This is exactly what " you're talking about???!!! Seems like an entirely new (and much more disturbing) topic to me.

Fballguy · #4 06-09-2018, 09:07 AM

The point I�m making is that items are cheaper on eBay, where there is no BP.

Shill bidding can occur anywhere...though this example does seem extreme....and obviously the BP alone isn�t the entire difference.

Quote:

Originally Posted by Aquarian Sports Cards

Wait what? you were complaining about BP. The post you quote is talking about the rules of Heritage which certainly seem to imply that their employees can shill and pointing to his example as evidence. Yet "This is exactly what " you're talking about???!!! Seems like an entirely new (and much more disturbing) topic to me.

bensie · #5 06-09-2018, 11:33 PM

Quote:

Originally Posted by Fballguy

The point I’m making is that items are cheaper on eBay, where there is no BP.

Sorry, but you're wrong.

bensie · #6 06-08-2018, 09:40 PM

Quote:

Originally Posted by JollyElm

I have no idea how pertinent this is, but here's the info for anyone interested. I'm awaiting receipt of a high number 1961 PSA 8 Mickey Mantle All Star card I got off of ebay with the 20% discount coupon code. In looking at recent graded sales of the card, something jumped the f_ck out at me!!

I saw that a PSA 6 went for $864 at Heritage Auctions (highlighted in red)!! YOWZA!!!! Here is a copy and paste of a chronological list of 6's sold (from February on) this year. Look at the price disparity between that one card and all of the others!! When I clicked on links to view the cards, they all seemed completely similar to each other. None had such ferocious 'eye appeal' or centering, etc., that it would warrant paying three times what everyone else was paying. And a very similar 6 sold for $247.50 only two days after Heritage ended and one sold a week earlier for $240 (FWIW, an 8 is a BIN on ebay for $615.55 and a 7.5 for $600). I know absolutely nothing about Heritage Auctions and don't have a dog in this fight, but, man, something does not seem right here...at all.

DATE PRICE GRADE LOT # AUCTION HOUSE AUCTION / SELLER TYPE CERT
6/5/2018 $247.50 6 362334896731 eBay probstein123 Auction 40813246
6/3/2018 $864.00 6 41049 Heritage Auctions Sunday Internet Sports Collectibles Auction Ended Jun 3rd Auction 27574548
4/27/2018 $240.00 6 152987726535 eBay gleherrin_0 Best Offer 31685826
4/15/2018 $292.00 6 142746810628 eBay pwcc_auctions Auction 26033888
3/20/2018 $300.00 6 282888881390 eBay trepidation34 Buy It Now 28652074
3/15/2018 $375.00 6 302666108544 eBay jl4jc2001 Best Offer 28971850
3/9/2018 $319.99 6 112850757046 eBay amerlegends Buy It Now 28687728
3/4/2018 $245.50 6 263513056059 eBay vintagecardboardforme Auction 25835103
3/4/2018 $294.00 6 192460131594 eBay pmsbcc Auction 28648880
2/27/2018 $244.00 6 362247417468 eBay probstein123 Auction 28468211

You should look at more cards. I've found that a lot of times, the closing price of heritage auctions is lower than eBay by a considerable margin. Sometimes auctions go bananas and there's no explicable reason for it. I had a 1955 Jackie Robinson that went for well over 2x market price. It was off center too, so not likely it went to a card doctor or something...

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Heritage Auctions	Shoeless Moe	Net54baseball Sports (Primarily) Vintage Memorabilia Forum incl. Game Used	124	07-24-2012 10:38 AM
Heritage Auctions - CJ's	rainier2004	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	0	01-30-2012 04:58 PM
Heritage Weekly Auctions	petecld	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	1	01-08-2010 03:59 PM
Heritage Auctions Lawsuit	Wesley	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	19	09-13-2009 05:20 PM
Heritage Auctions	Archive	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	38	10-30-2007 01:57 PM