I want to publicly thank Moe for his involvement here. It means a lot when companies are willing to reach out to customers at this level.
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COMC is a "new-age" company and far ahead of the hobby curve is ensuring that all aspects of "social media" are covered. That is because a "younger couple" owns COMC and not the older people which own most other hobby companies.
Can someone explain COMC to me?
Sent from my XT901 using Freedom Card Board mobile app
How does COMC work?
Sent from my XT901 using Freedom Card Board mobile app
I'm curious how COMC is going to come up with a value. So many cards are sold on the site through port sales where you get an item for 90% off of BV. Then the buyer turns around and sells it for 75% of BV to another flipper who may eventually sell it for 50% of BV to a collector and the card is finally removed from the site. Three different sales, but what is the actual value of the card?
I'm curious how COMC is going to come up with a value. So many cards are sold on the site through port sales where you get an item for 90% off of BV. Then the buyer turns around and sells it for 75% of BV to another flipper who may eventually sell it for 50% of BV to a collector and the card is finally removed from the site. Three different sales, but what is the actual value of the card?
Maybe, or a better way might be to only count sales where the same person has the card shipped to them after purchasing it. That would eliminate most of the flipping sales.
Edit to add: My concern with COMC's move is how much sales data does it really have? Sure it sells tons of cards, but how many of the same cards does it sell? I could see this working well for common cards, but what about for a card numbered /50? This problem could be ameliorated if COMC finds a way to provide easy access to sales data for comparable cards. That's essentially what Beckett does when it creates across the board prices for commons, semi-stars and stars; it relies on a limited amount of data to make generalizations about the rest of a set.
I'm curious how COMC is going to come up with a value. So many cards are sold on the site through port sales where you get an item for 90% off of BV. Then the buyer turns around and sells it for 75% of BV to another flipper who may eventually sell it for 50% of BV to a collector and the card is finally removed from the site. Three different sales, but what is the actual value of the card?
In the old COMC, wasn't it true that sellers could only list a card for a certain amount or percentage if book value? With the change in price setup, will that change?