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#1
09-20-2009, 11:16 AM
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Goodwin Thread
Since we are "once again" on the topic of the Plow's Candy card...not that it is anyone's business...I just happened to be the under bidder on the card. I bid several times AFTER the $14+K number it received in Mastro and before the auction commenced I had already decided I would pay up to $20K. I did not place any ceiling bids on this one and went after it bid by bid. Why would I want to pay so much in a a down economy? I am beginning to realize that very rare and desirable cards get extravagant numbers in ALL auctions. I have paid excessive premiums for cards in the past few years, and I am sure will have the last laugh, especially when the economy turns around. There are certain cards that will ALWAYS get the numbers.
Regarding the T205's at Goodwin's table, like Greg, I don't know much about them but have been hearing multiple horror stories from the major auctuion houses with reference to non-paying bidders. In fact, I am sure we have all read the Mile High write-up regarding the Bresich Williams SGC 60 Cy Young and why it is being offered again. Brian D. is a great guy and I have to give him the benefit of the doubt on the E107 Young. I think this situation is growing incresingly alarming because NO auction houses seem to be taking legal action against non-paying bidders, most likely due to the bad press it could generate. Until that happens, bidders will continue to take advatantage of an auction house and, at will, make impromptu decisions not to pay. This is an issue that will eventually need to be dealt with by EVERY auction house or else they will continue to have to pay their consigners (if they choose that route) and "eat" their respective unpaid lots. Thoughts? Joe T. 
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#2
09-20-2009, 11:25 AM
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Quote:
REA is really dodging bullets. One non-paying bidder in an auction with that many lots, and other auction houses are getting stood up multiple times in auctions with one-third the number of lots.
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#3
09-20-2009, 11:32 AM
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Goodwin Thread
And I guess we all need to take REA's comments about non-paying bidder counts as gospel....give me a break!
Last edited by Vintageclout; 09-20-2009 at 11:34 AM.
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#4
09-20-2009, 11:58 AM
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Quote:
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#6
09-20-2009, 01:19 PM
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Other than one non-paying bidder in my last auction, I have had every lot paid for for years, comprising perhaps 8-10 consecutive auctions. I never even thought of that as an issue. As such, I am extremely skeptical of auctions that claim a large number of renegers.
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#7
09-20-2009, 01:21 PM
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And I guess we all need to take
Edited to add: Someone — one of the whales, I think — downloaded a virus to my computer and disabled my sarcasm font. Last edited by Rob D.; 09-20-2009 at 01:24 PM.
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#8
09-20-2009, 01:36 PM
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#9
09-20-2009, 02:16 PM
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Wow, Goodwin must have "sold" that T205 lot during his July auction and then minutes later the "winner" told him that he would refuse to pay, thus permitting Goodwin to pack up the set and take it to the National just days later and sell it card by card. Yeah, that's the ticket.
So Barry and REA have all their winners pay but poor Bill has renegger after renegger. Just his poor, dumb luck. Good thing his luck rebounds when he sells PSA 8 commons for 2-3x what they have sold for the dozens of times before and after his auctions.
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http://www.flickr.com/photos/calvindog/sets
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#10
09-20-2009, 02:35 PM
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1956 Topps Luis Aparicio PSA 8: 42 sales over the past three years...highest 'sale' was $822 by Goodwin right after the economy tanked last November. Of the 41 other sales, only twice did the card break $500, once at $515 and once at $565.
1965 Topps Harmon Killebrew, PSA 8: 64 sales over the past three years, Goodwin sold the card twice -- and had the top two "realized" prices.
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http://www.flickr.com/photos/calvindog/sets
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