Analysis of PWCC Vintage Auction 10/13/19

[samosa4u]

Originally Posted by Dpeck100

I am going to give you an analogy that is more appropriate here. My wife is into purses. She has seven or eight Chanel's, a bunch of Gucci's, some Yves Saint Laurent and a few others. Quite a pricey collection of purses. A purse has one function and that is to carry things but the prices of these purses are predicated on scarcity and bragging rights. You would think these would be a enough but she wants a Hermes Birkin bag. These are the most scarce of designer bags and you can't just go into a store and buy one. They have to ask you if you want one and it is hard to have that happen. Which one of these sells for the most? The Birkin naturally because it has the ultimate bragging rights. This is just how the world works. We don't make the rules. Once cards are elevated to elite hobby status symbols they can take on a mind of their own in terms of price. It is really simple.

https://www.malleries.com/hermes-bir...-293984-s-2907

Crazy sh*t! What grade do you think PSA would give it?

[Dpeck100]

Originally Posted by samosa4u

https://www.malleries.com/hermes-bir...-293984-s-2907

Crazy sh*t! What grade do you think PSA would give it?

They go for much more than this in some cases.

These and a Chanel are actually bought for investment purposes in some cases.

Just like a hot car you can flip them for more than the price in the store and they do hold great residual value.

Edit: check this one out. They go for up to 150k but this is the highest sale I could find on EBAY.

https://www.ebay.com/itm/Hermes-Birk...wAAOSwQFJaxrLp

[Peter_Spaeth]

Originally Posted by Dpeck100

They go for much more than this in some cases.

These and a Chanel are actually bought for investment purposes in some cases.

Just like a hot car you can flip them for more than the price in the store and they do hold great residual value.

Edit: check this one out. They go for up to 150k but this is the highest sale I could find on EBAY.

https://www.ebay.com/itm/Hermes-Birk...wAAOSwQFJaxrLp

Do people counterfeit them?

[Dpeck100]

Originally Posted by Peter_Spaeth

Do people counterfeit them?

Oh yeah. Doubtful though they are fooling anyone because they are made with very expensive material that you can't simply fake.

Some of the lower priced bags like Gucci it is much easier to fake and unless someone is versed in them they might be fooled.

A huge part of the price is brand but not all. That said the only reason there is demand is that other women know what you are carrying. Chicks really check out other chicks gear. It is kind of funny to watch. Her shoe collection is big too and it is hilarious watching other women loose it when they see some of the hard to find Valentino's she has and other brands.

[Peter_Spaeth]

If I'm checking out women, the shoes are a pretty low priority. And the handbag for that matter.

[Dpeck100]

Originally Posted by Peter_Spaeth

If I'm checking out women, the shoes are a pretty low priority. And the handbag for that matter.

Yeah and that is why they buy them for what other chicks think. They don't come right out and say it but it really is where the motivation comes from.

[Peter_Spaeth]

Originally Posted by Dpeck100

Yeah and that is why they buy them for what other chicks think. They don't come right out and say it but it really is where the motivation comes from.

What's the great Van Morrison line? All the girls walk by, dressed up for each other.

[perezfan]

Originally Posted by Dpeck100

Oh yeah. Doubtful though they are fooling anyone because they are made with very expensive material that you can't simply fake.

Some of the lower priced bags like Gucci it is much easier to fake and unless someone is versed in them they might be fooled.

A huge part of the price is brand but not all. That said the only reason there is demand is that other women know what you are carrying. Chicks really check out other chicks gear. It is kind of funny to watch. Her shoe collection is big too and it is hilarious watching other women loose it when they see some of the hard to find Valentino's she has and other brands.

Looks like something our Beagle would chew to pieces the first day it was brought home. We were car shopping last week, and found quite a few we liked for less money than this purse.

[Goudey77]

Kind of like how middle aged men lose their mind when they see a nice 1952 Mantle? Or in my case a 1967 Camaro SS

Originally Posted by Dpeck100

Oh yeah. Doubtful though they are fooling anyone because they are made with very expensive material that you can't simply fake.

Some of the lower priced bags like Gucci it is much easier to fake and unless someone is versed in them they might be fooled.

A huge part of the price is brand but not all. That said the only reason there is demand is that other women know what you are carrying. Chicks really check out other chicks gear. It is kind of funny to watch. Her shoe collection is big too and it is hilarious watching other women loose it when they see some of the hard to find Valentino's she has and other brands.

[Dpeck100]

Originally Posted by Goudey77

Kind of like how middle aged men lose their mind when they see a nice 1952 Mantle? Or in my case a 1967 Camaro SS

Same exact thing.

Status symbols come in all different forms.

[Goudey77]

Does China still exist?

Originally Posted by Peter_Spaeth

Do people counterfeit them?