BIDDING WAR on Ebay - Ty Cobb Tin

[barrysloate]

You know I thought this ended- I didn't realize it still has 8 days to go. And it already has 63 bids, with one bidder alone having bid 44 times. I guess he wants it.

[canjond]

Originally Posted by barrysloate

You know I thought this ended- I didn't realize it still has 8 days to go. And it already has 63 bids, with one bidder alone having bid 44 times. I guess he wants it.

Or doesn't really want to sell it!

[Brendan]

It looks like he canceled a lot of bids and now there are only 10 bids.

[thecatspajamas]

Three different buyers placed large bids and then retracted them saying they "entered the wrong amount," one of which is the current high bidder. Wonder if the zero-feedback bidder figured out what the reserve and/or high bid was with that "accidental" bid of $99,999.00?

[dallen]

Just thought I would shed some light on this.

I believe the tin is legitimate as I was provided higher resolution images and it is a really nice example. I had extensive discussions with the seller. I disagree that the market value of this is $15 to $20k. Although I agree that the fact we got close to $40k for one was an anomaly; I believe the current market value of one in this condition is $20 to $30k. I was suprised to see it listed on eBay and wont speak to the legitimacy of the bids.

Interesting since we sold one in February there have been (3) new examples. The one on Auction Kings which was in poor condition, this example and a new example we will feature in our November sale which is pretty nice.

All the best,
Doug

[RichardSimon]

Nice way to slip in an advertisement letting everyone know that Legendary will have one of these tins in their next auction.
Wonder how that will influence the bidding on ebay?
Was that the intent here?

[dallen]

....No commercial. We announced the find a few weeks ago and I doubt anyone on this Board is on this one at $40k!

If I was doing a commercial I would have talked about our 2,500+ lot catalog coming out in a month which includes our best cross section yet of high end cards and memorabilia.
That would be an example of a commercial.

[benjulmag]

Originally Posted by dallen

Just thought I would shed some light on this.

I believe the tin is legitimate as I was provided higher resolution images and it is a really nice example. I had extensive discussions with the seller. I disagree that the market value of this is $15 to $20k. Although I agree that the fact we got close to $40k for one was an anomaly; I believe the current market value of one in this condition is $20 to $30k. I was suprised to see it listed on eBay and wont speak to the legitimacy of the bids.

Interesting since we sold one in February there have been (3) new examples. The one on Auction Kings which was in poor condition, this example and a new example we will feature in our November sale which is pretty nice.

All the best,
Doug

Doug,

Could you explain what you mean when you say the one you sold for close to 40k was "an anomaly"?

[dallen]

....by anomaly I meant I don't believe that when a piece sells one time for a big price that you can depend on this being the new price.

Example the exact same Cobb tin we sold for $35,850 sold in REA in 2005 for $10,550. After this the guy offering the piece on EBay (which is a superior example) asked what I thought his was worth...my estimate was $25 to $30k. I just didn't believe because one sold once for $35k that it established a new price. Especially when one less guy needs one now!