Seller sues dealer/buyer for a high flip

[raulus]

Originally Posted by Snapolit1

My mom has a condo down in Vero Beach. I thought it would be really cool to take out some classified ads in the local papers (see them all the time) about how I am buying cards, sports memorablia, Dodgers stuff, etc. Would be fun to pop into people's homes and check stuff out. But ultimately I don't run an auction house, and the business model would basically be premised on me fleecing ignorant widows of what they have. No. Not how I see my life playing out.

If Rick Probstein misprices something, that's one thing. If Mary O'Ryan, age 90 does, that's a totally different story.

Is there some profit margin where you would still make enough to justify your effort, but not so much that you felt like you were shearing the sheep?

70%? 50%? 30%? 10%?

Seems like somewhere in that range you probably find you can sleep at night. But maybe the margins would drift down to the point where it no longer made sense.

[Snapolit1]

Good question.

I guess my answer to a friend or family member would be "It depends. Speak to Al at Love of the Game Auctions." And if I didn't say that to someone else it would probably be a little disengenous at best.

Originally Posted by raulus

Is there some profit margin where you would still make enough to justify your effort, but not so much that you felt like you were shearing the sheep?

70%? 50%? 30%? 10%?

Seems like somewhere in that range you probably find you can sleep at night. But maybe the margins would drift down to the point where it no longer made sense.

[D. Bergin]

I like to think I’m pretty savvy at stuff like this, but if I found that mask among my grandparents belongings, I’d probably be the idiot who’d be happy to get $157 for it.

Not my wheelhouse man…not my wheelhouse.