Ticket Stub Flipper Gets Crushed

[Shoeless Moe]

I'm guessing no one is stepping up and admitting it was them, but whoever this was sure took a bath.

Ty Cobb Last Game Ticket Stub

Lelands Feb/March 2022 - $16,600:

https://auction.lelands.com/bids/bidplace?itemid=108529

Last night at Goldin exact same stub/PSA # sells for $5100 - high bid was 4250 (most likely the consignors take)

https://goldin.co/item/sep-11-1928-b...cket-stub47ser

Plus if they paid Goldin any selling fees.....approx a 12-13K bath OUCH!!!!!

I also saw a known Ebay seller bought during the madness of 2021 & early 2022 a Ruth Called Shot Ticket (& program), and he tried flipping on Ebay and also lost BIG recently. He was a Type 1 photo seller prior to Covid and tried his hand at Tickets and hopefully learned to stay in his lane.

I also saw a Ticket Flipper take a beating at Heritage in July & Aug with their consignments.

A lesson for all you youngsters out there, don't buy when things are peaking. Not everything rises. If you bought Tickets during 2021 to early 2022 hopefully you are a collector and not a flipper because flippers who didn't know what they were doing are learning the hard way now.

[mrreality68]

Originally Posted by Shoeless Moe

I'm guessing no one is stepping up and admitting it was them, but whoever this was sure took a bath.

Ty Cobb Last Game Ticket Stub

Lelands Feb/March 2022 - $16,600:

https://auction.lelands.com/bids/bidplace?itemid=108529

Last night at Goldin exact same stub/PSA # sells for $5100 - high bid was 4250 (most likely the consignors take)

https://goldin.co/item/sep-11-1928-b...cket-stub47ser

Plus if they paid Goldin any fees.....approx a 13K bath OUCH!!!!!

wow that is real ugly. Hope financially that person is ok with the loss.

Sadly we all have that risk if we have high dollar cards, stubs, etc and put in an Auction or it can soar and we make a killing

[Seven]

I despise flippers, but I hope his financial loss was not crippling, and he didn't put all of eggs in one basket.

[Wildfireschulte]

Could seller have a hidden reserve at Golden in which the Cobb ticket didn't actually sell?

[Snapolit1]

Feel like we are entering an era where there will be some mild rejoicing and good humor value in watching people got their ass handed to them on a silver platter. I will avoid the temptation, however tempting, to rejoice in this stuff. Who knows who is a flipper. Maybe it's a dude whose marriage just fell apart or a family member who just got sick and all of a sudden a recent purchase doesn't look so smart. Most likely a super rich person who isn't feeling any pain at all, but who knows.

[Shoeless Moe]

Originally Posted by Wildfireschulte

Could seller have a hidden reserve at Golden in which the Cobb ticket didn't actually sell?

I don't think so, I was in on the bidding in Overtime and led at one point, never saw any message of there being a Reserve.

[bnorth]

Originally Posted by Seven

I despise flippers, but I hope his financial loss was not crippling, and he didn't put all of eggs in one basket.

Isn't 86% of the hobby flippers just flipping/selling PSA cards to each other till they find a collector that will pay the new outrageous price?

[ballparks]

Paul - that is a harsh post.

I love it. I agree with it 10000000%.

I hope that things turn back to the true collectors and flippers stay in their lane. I appreciate the thread and hope you can provide some other examples as well. The flippers need to panic, sell and get out of Dodge.

Originally Posted by Shoeless Moe

I'm guessing no one is stepping up and admitting it was them, but whoever this was sure took a bath.

Ty Cobb Last Game Ticket Stub

Lelands Feb/March 2022 - $16,600:

https://auction.lelands.com/bids/bidplace?itemid=108529

Last night at Goldin exact same stub/PSA # sells for $5100 - high bid was 4250 (most likely the consignors take)

https://goldin.co/item/sep-11-1928-b...cket-stub47ser

Plus if they paid Goldin any selling fees.....approx a 12-13K bath OUCH!!!!!

I also saw a known Ebay seller bought during the madness of 2021 & early 2022 a Ruth Called Shot Ticket (& program), and he tried flipping on Ebay and also lost BIG recently. He was a Type 1 photo seller prior to Covid and tried his hand at Tickets and hopefully learned to stay in his lane.

I also saw a Ticket Flipper take a beating at Heritage in July & Aug with their consignments.

A lesson for all you youngsters out there, don't buy when things are peaking. Not everything rises. If you bought Tickets during 2021 to early 2022 hopefully you are a collector and not a flipper because flippers who didn't know what they were doing are learning the hard way now.

[Republicaninmass]

Originally Posted by Snapolit1

Feel like we are entering an era where there will be some mild rejoicing and good humor value in watching people got their ass handed to them on a silver platter. I will avoid the temptation, however tempting, to rejoice in this stuff. Who knows who is a flipper. Maybe it's a dude whose marriage just fell apart or a family member who just got sick and all of a sudden a recent purchase doesn't look so smart. Most likely a super rich person who isn't feeling any pain at all, but who knows.

What were those idiotic "moments" people were buying for thousands, now their isnt even anyone on the site?

Just the start of it, and I will be buying when we see substantial drops!

Judging from a recent auction, almost all the cards I researched had been bought on ebay less than a year prior. Pretty silly move, but prices only go up right?

[perezfan]

Flippers are in for a rough ride in coming months, I'm afraid.

Not shedding any tears for them, haha.

[maniac_73]

Originally Posted by bnorth

Isn't 86% of the hobby flippers just flipping/selling PSA cards to each other till they find a collector that will pay the new outrageous price?

Greater Fool theory in action


Sent from my iPhone using Tapatalk

[Shoeless Moe]

Originally Posted by Wildfireschulte

Could seller have a hidden reserve at Golden in which the Cobb ticket didn't actually sell?

Just got a message from the winner of the ticket so it did indeed sell at that price last night.

[bigfanNY]

Last night a wilt 100 point stub psa 2 sold for 24k with juice. In August same Auction house sold a PSA auth. For over 85k.. and more than one 100 point stub changed hands over 60k last year A mighty big drop for a Monumental stub. A few Jordan All star / Slam dunk stubs have also taken a substantial downturn. So the ticket market seems to have lost momentum.

[Hankphenom]

Cray-cray in all kinds of arenas hasn't been faring too well lately. Gives me hope for the future.

[Exhibitman]

[BRoberts]

I dabble a bit in ticket stubs, specifically no-hitter stubs. I was under the impression that ones from Bob Lemon's no-hitter in 1948 was a toughie. One sold on eBay last night for a little less than $300, much less than I thought it would. Interested in hearing the thoughts of you who are smarter than me when it comes to tickets. Did I just have the Lemon ticket stub overvalued? I thought the buyer got a good deal, but maybe not?

[mrreality68]

I emphasize but it is hard to totally feel for the flippers.
It is their choice like any investment to buy and sell and part of that is hit it big and other times striking out. On the flip side some also make getting cards impossible because of the prices they drive up or because they set prices so high(their choice and right) on places like eBay that collectors cannot get them and they sit on them forever hoping someone will buy or the market will catch up to their prices

[Belfast1933]

Originally Posted by Snapolit1

Feel like we are entering an era where there will be some mild rejoicing and good humor value in watching people got their ass handed to them on a silver platter. I will avoid the temptation, however tempting, to rejoice in this stuff. Who knows who is a flipper. Maybe it's a dude whose marriage just fell apart or a family member who just got sick and all of a sudden a recent purchase doesn't look so smart. Most likely a super rich person who isn't feeling any pain at all, but who knows.

Good take... I 'll never understand the anger toward collectors who approach the hobby ethically but different from vintage collectors. Odd to see anyone "enjoy" watching flippers lose money, or new hobbyists get discouraged because of a big decline in value of the ne, shiny stuff.

I'll bet most us started with our own "new, shiny stuff" when we first started collecting - eventually, we discovered how cool and interesting vintage can be.

Maybe we can ease up a little...