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Syd, I have been in group breaks where I selected Brad Miller in a couple 10 case breaks. I even have pick-up a few when his chrome auto's came live. I don't have as many as you, but the buy-in was quite low. I'm holding these for a while. We aren't doing anything to leverage the market though.
I think I failed to properly convey my point... that wasn't intended to be me 'calling you out' to tell you you aren't cornering the market, I just meant to state that even owning what seems like a large quantity of base or ref autos (20+) doesn't necessarily mean you can control the sale price of the card, but your buying can push the price upward.
I think every sale counts, because each sale affects the average market price for a given card or parallel. If I have been paying $25 apiece for a given card, but then I see that one sold for $40, I may be more inclined to increase my max bid to $35, since I know at least one person out there values the card at $40. We see it all the time on forum trade and sale boards, as most people use completed listings on eBay to determine a fair sale price for their cards. When the market starts to dry up and there are fewer copies to go after, it can be totally appropriate to bid more to ensure you win, and ultimately those higher sales do change the average sale price and therefore increase the card's perceived market value.
Absolutely, without me:
Prizm and select Damian Lillards would be under $5 (instead of 10.00)..
I think I failed to properly convey my point... that wasn't intended to be me 'calling you out' to tell you you aren't cornering the market, I just meant to state that even owning what seems like a large quantity of base or ref autos (20+) doesn't necessarily mean you can control the sale price of the card, but your buying can push the price upward.
I think every sale counts, because each sale affects the average market price for a given card or parallel. If I have been paying $25 apiece for a given card, but then I see that one sold for $40, I may be more inclined to increase my max bid to $35, since I know at least one person out there values the card at $40. We see it all the time on forum trade and sale boards, as most people use completed listings on eBay to determine a fair sale price for their cards. When the market starts to dry up and there are fewer copies to go after, it can be totally appropriate to bid more to ensure you win, and ultimately those higher sales do change the average sale price and therefore increase the card's perceived market value.
Pretty sure I mucked up the market on Drabek and Cardenas back in 2006. Needless to say, I regret that thoroughly at this point.
There's a couple of big hit out of bowman that I've listed for auction right after a product came out where there were a couple of bin/bo listed. The bin was cery high and when my card ended at much lower price, you could see those bin prices drop the next day.
Alternatively, I've listed cards for bin price that was about what ending auctions prices were, while there were a couple of the same cards up currently for auction. I basically capped out those auctions ending prices since most people aren't going to overbid on something they could bin for.
It often depends on the type of card it is and what people would try to purchase it. Collectors of rare *sets* often know their competition and know if someone is trying to block someone them from completing the set. Type collectors sometimes know whether a team or set collector is trying to corner the market on a card or type of card and bid accordingly. Player collectors know their competition and who has the deepest pockets and bid (or not bid) accordingly.
In the end it seems that *another potential bidder* has to know the card he/she's trying to purchase is a card that's being hoarded *by someone else* in order for the card's price to be affected. But the price isn't as likely to be affected if everyone else thinks the owner of the hoarded card will sell at some point.
I agree but like my earlier post says, I think a lot of people don't really understand all this. To us it's fun to figure this kind of stuff. But to a regular or casual collector or even a shop owner, it's way more effort than they want to put into it. And the hobby is way too big and plentiful for any one person to control. There's just too much out there. People will move on.
Wasn't the Ron Davenport auto from Bowman Chrome hoarded by his family? I know it definitely affected those prices
You're the main reason I didn't buy any Drabek or Cardenas auto chrome.
Thanks!
I made alot of money on drabek. I just avoided the high end.