Beantown Find. the story...

[botn]

John makes some valid points. The BST is certainly a quick way to sell cards. There are several (not all by any stretch) deep pockets on or lurking on this board but limiting the sales to just that venue and for such a short and undefined period of time seems like it would frustrate being able to maximize proceeds.

Not to criticize Steve but he did not put up prices. Only wrote that we should make offers. Obviously he had some idea of what he wanted for the lots but for some reason opted not to post that info. How else would he know to sell the lot once a certain buyer’s offer came in? What determined a lot no longer being available was not time expiring on the offer but a buyer’s offer which seemed acceptable to him.

Steve definitely met the timely part of liquidating this collection and based on what he has written, that seemed to be his priority even if it meant leaving some money on the table.

As for his taking 15%, if these cards had been consigned most houses might not have charged a seller’s fee but the buyer’s premium would have most likely exceeded 15%. So Steve’s 15% cut is not so bad when you consider that Mrs. M would not have participated in the buyer’s premium.

[Mikehealer]

One thing I'm wondering if so much money is being left on the table with these lots, why don't the people that believe this is the case just buy all the lots and then consign them to an auction house for some easy money... Of course this may be what's happening, who knows.

Anyway good luck with the rest of the sale Steve.

[bigfish]

Well said. The owner is happy. The prices have been strong and Steve has done a nice job raising money for an elderly woman needing financial support. Not sure that the rest of the posters here matter very much. If those two folks are happy it is a win. I think it is nice that Steve was able to offer the board these cards. I guess several posters above would rather bid on them in a major auction. The lot prices on the bst were stronger than lots sold recently in major auctions.

[ChiefBenderForever]

It's not fair I spent all my cheese and couldn't bid on the lots.

[Gradedcardman]

Mike I am with you on your statement.

I assume the actual statements from Steve were read stating that time was of concern. I do not know about all the sites but I have never been offered an advance of any consequence for any lots I have had in an auction. This includes a 520/524 T206 set and a PSA 3 Magie.

Steve, Love the lots...

[Michael Peich]

Well said, Toby and Mike. I admire the fact that Steve is helping someone in need, and he is doing a damn fine job of it.

I guess I don't fully understand the concerns of other posters, the comments about auction houses, etc. These are raw cards, and their sale is a step back in time that presumably all of us in this hobby can enjoy. Auction houses and grading companies aren't the only sources for validating our purchases. Sometimes we depend on honest people like Steve and the woman he is assisting.

So, thanks, Steve--it's fun to be part of this sale, if for no other reason than looking at raw cards.

Cheers, Mike

[wonkaticket]

Greg; exactly my point here nothing against Steve or what he’s trying to do.

Also not insinuating he’s a bad guy or up to no good, just looking at this from a different POV I guess, which I assume Steve is ok with he's a tough ol' bird with thick skin.

There were a few lots I know I would have offered really strong coin on but never even had the chance too. I literally went to lunch came back it was listed and gone in a matter of hours.

One can’t help but wonder what would be the harm to leave them up for a few days take as many offers as you can then take the highest one and post the sale price for future reference (optional).

As said before some of these lots were up and gone in a matter of hours, and many faces and wallets aren’t seeing them or missing them by hours not to even be able to offer coin that in itself leads me to think money is being left on the table. I'm sorry if that makes me a bad guy for thinking that...

I understand these folks need money but do they need the money in a few hours they can’t wait a few days or a week? And yes there are auction houses who offer nice cash advances.

I would assume if the consignors can wait while Steve pieces these out by the hour, over weeks and the few days it takes to get funds from folks once sold; that they could live off reasonable cash advance while the lots are given ample time to mature for more than a few hours in the BST.

I dont think there's anything wrong with warning or pointing out other view points or options that may offer more money in the long run to this lady and Steve as well.

Hey at the end of the day as long as the folks (Consignor) with the cards are happy I guess that’s all that matters.

I think that’s all any of us are saying in this thread….that’s all I’m saying.

Cheers,

John

[wonkaticket]

Michael,

Let’s not get to ahead of ourselves putting Steve up for sainthood nominations. There are lots of nice honest folks in this hobby.

Yes it’s nice what Steve is attempting to do, but if the ultimate goal is to get this lady the most cash for her final years of assisted living. I don’t think there’s anything wrong with saying why not these options and why only up for a few hours you’re missing potential cash not only for the elderly lady, but Steve as well.

“Full Disclosure, although I get a great feeling when forwarding the payments -thanks to you guys... I'm not doing this because I'm a warm and fuzzy person. I DO get compensation; 15% of net sales. In addition, the family has allowed me to purchase a small amount of "discounted" items.”

Also Steve has made it very clear he’s being more than fairly compensated as he should be, so no need to award medals and knighthoods just yet.

Cheers,

John

P.S. I hear my old T211 Bay may be sleeping over at your place, don’t let him keep you up. Hope to see you in Oaks.