Do you feel like you are the only one not selling?

raulus · #1 10-12-2022, 09:38 AM

Quote:

Originally Posted by HOF Auto Rookies

My sales have slowed considerably the last calendar year and have had to consign to some AH's to help. And those prices haven't been the best. It's a tough sellers market right now.

Maybe I need to spend more time bidding on the auctions where you consign your pieces, because my experience is the exact opposite of what you described.

JustinD · #2 10-12-2022, 09:51 AM

I sold a good chunk of my high dollar items in the past 24 months as I do not trust in this market whatsoever. I believe I can take a nice profit and buy it back at less in a few years. This is personal opinion and I am positive that many people disagree, but it's the belief I have. I also have not added anything over 4 figures since pre-pandemic. I have zero FOMO with the current market and instead fear of regret.

raulus · #3 10-12-2022, 10:41 AM

Quote:

Originally Posted by JustinD

I sold a good chunk of my high dollar items in the past 24 months as I do not trust in this market whatsoever. I believe I can take a nice profit and buy it back at less in a few years. This is personal opinion and I am positive that many people disagree, but it's the belief I have. I also have not added anything over 4 figures since pre-pandemic. I have zero FOMO with the current market and instead fear of regret.

Way to vote with your feet (and your wallet)! Many of us are far too craven to make that move.

As I mentioned above, I was tempted to sell one of my high priced items, when the market soared to about $350k for it. But based on my math, after taxes and auction fees (even if I could have negotiated for really low auction costs), I would've cleared about $200-250k. So I decided I was better off just letting it ride, rather than trying to sell high and then buy it back later for less.

eliotdeutsch · #4 10-13-2022, 10:46 PM

As others have noted. Every transaction has a buyer and a seller, so there is always an equal number of both.

Markets move depending on which party is more motivated to transact.

HobokenJon · #5 10-14-2022, 12:28 AM

I look forward to the day when I�m the only buyer and everyone else is selling. But I�m not counting on it.

Republicaninmass · #6 10-14-2022, 07:35 AM

Quote:

Originally Posted by eliotdeutsch

As others have noted. Every transaction has a buyer and a seller, so there is always an equal number of both.

Markets move depending on which party is more motivated to transact.

I disagree, I think many people are hoarding or buying up multiple examples of certain cards. No way on Gods green earth would consignors allow multiple of the same common card, albeit different grades, in the same auction. For years, even the AHs prohibited it!

Every months prices go up, and flippers are hoping someone had FOMO from the last sale and will pay a few % more for theirs.

Snapolit1 · #7 10-14-2022, 07:59 AM

Quote:

Originally Posted by Republicaninmass

I disagree, I think many people are hoarding or buying up multiple examples of certain cards. No way on Gods green earth would consignors allow multiple of the same common card, albeit different grades, in the same auction. For years, even the AHs prohibited it!

Every months prices go up, and flippers are hoping someone had FOMO from the last sale and will pay a few % more for theirs.

Wonder if the situation with Michael Jordan Fleer PSA 9s plays out here with some classic vintage cards. Jordan rookie is a different animal, but is an iconic player and cultural phenomenon and a beloved card.

Republicaninmass · #8 10-14-2022, 08:10 AM

Quote:

Originally Posted by Snapolit1

Wonder if the situation with Michael Jordan Fleer PSA 9s plays out here with some classic vintage cards. Jordan rookie is a different animal, but is an iconic player and cultural phenomenon and a beloved card.

As an example

Uness you HAD to sell, nobody would allow 4 or 5 of the same color Cobb, or 52 Mantle to be auctioned together, Its financial suicide. I can see if you had a psa 8 and there was a psa 1, but consistently there are multiple low to mid grades in the same auction month after month. For something like Jordan it only worse because of supply. Easier to manipulate 9s and 10s though

HOF Auto Rookies · #9 10-12-2022, 09:55 AM

Quote:

Originally Posted by raulus

Maybe I need to spend more time bidding on the auctions where you consign your pieces, because my experience is the exact opposite of what you described.

Usually that's the case with me also, but this time around was not good. Then again, I consigned modern cards so that's a different beast. Have another consignment for vintage next month with a different house, so we'll see how that compares.

When was the last time you consigned?

raulus · #10 10-12-2022, 10:37 AM

Quote:

Originally Posted by HOF Auto Rookies

Usually that's the case with me also, but this time around was not good. Then again, I consigned modern cards so that's a different beast. Have another consignment for vintage next month with a different house, so we'll see how that compares.

When was the last time you consigned?

June 2020, give or take? If I'm willing to sell an item these days, which is rare, I usually just go with a BIN on eBay. Not that I get many takers, since I've priced them at unattractive levels. But here and there a buyer will come along and be willing to pay my price.

Totally understand the modern cards situation, and agree that market is definitely down compared to last year, so not surprised to hear that it went poorly for you.

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