Why do many put so much emphasis on PAST sales??

bobbyw8469 · #1 09-25-2021, 01:21 PM

People use comps for a reason.

mrreality68 · #2 09-25-2021, 01:38 PM

It is not a rule set in stone it is just a guide to see what similar cards and grades went for.
Both short term and long term past sales both help to set what is the appreciation rate or the depreciation rate(usually going up)
Otherwise how else can anyone have an idea what the card you want might be worth or what you want to pay

Leon · #3 09-25-2021, 01:40 PM

Quote:

Originally Posted by bobbyw8469

People use comps for a reason.

But in the pre war space the comps of a 2.5 and another 2.5 could be wildly different. I have paid more for some downgrades than the cards they replaced because of eye appeal. Average cards are easier to comp....but what are the comps on a T206 Young portrait in a 2.5 holder? Probably less than I paid for this when I bought it, and I would do it every time.
Buy the (aesthetics of the) card not the holder unless you are a registry person then buy the slab for that extra half point. And I am not dissing on registry guys. If they are having fun collecting then they should do more of it!!
.

Johnny630 · #4 09-25-2021, 01:44 PM

Because they were pushed and over inflated

Luke · #5 09-25-2021, 01:46 PM

Past sales are probably the most important piece of info, but then there are a bunch of other factors to consider like how long ago the last sale was, where the market has moved in the meantime, eye appeal for the grade, etc.

doug.goodman · #6 09-25-2021, 02:10 PM

Well, it's certainly easier to use past sales as a guide than to use future sales.

Although, I have a number of items which will sell for a million dollars in the future, but I'm willing to sell them to anybody interested for 50% off, due my needing an infusion of cash to buy a new house.

I will sell for 90% off to the OP for the next 24 hours.

Doug "I'll throw this Garagiola card in for free" Goodman

Frankish · #7 09-26-2021, 10:15 AM

Quote:

Originally Posted by doug.goodman

Well, it's certainly easier to use past sales as a guide than to use future sales.

Beat me to it!

Oscar_Stanage · #8 09-25-2021, 02:43 PM

Quote:

Originally Posted by Luke

Past sales are probably the most important piece of info, but then there are a bunch of other factors to consider like how long ago the last sale was, where the market has moved in the meantime, eye appeal for the grade, etc.

I would also add: date the card was graded, frequency of sales, medium (for example 10 Ebay September sales ~ $100 and 1 $500 sale on PWCC).

MVSNYC · #9 09-25-2021, 02:59 PM

Comps are very important (just like in the housing market), but as Luke said, you also have to take into consideration how long ago the referenced sales were. A few weeks old is very relevant...2 years old, well, less accurate for current market value.

Carter08 · #10 09-25-2021, 03:13 PM

Eye appeal for the grade is tough for me. I like centered but would prefer a sharp higher grade with mediocre centering over a perfectly centered lower grade. Some of the prices when looking at past sales show me that many people feel otherwise.

parkplace33 · #11 09-25-2021, 03:17 PM

Past sales can be useful but are not the end all be all.

Always remember when selling� it is your card and you can price it for whatever you want.

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