Topnotchsy
Featured Contributor, The best players in history?
- Aug 7, 2008
- 9,475
- 253
I'm not sure if this has been touched on, but I have one comment on people saying "it is worth whatever the high bidder is willing to pay."
While this may give you the value to the previous seller, it means little when we look at the value to the buyer. There is definitely a possibility that the buyer one day looks to sell the card, and the value for him has to be viewed as an estimate of what the future sale would be. Of course (we hope) he is not bidding on his own card which means the biggest driver of price at the current time is gone.
Certainly it is true that there is no good way to place a value on a 1/1 and because of the scarcity they often do not reflect the rest of the market, to say that whatever the high bidder pays is "its value" offers a number that is in essence useless from the moment it is known (other than to the seller getting paid and the buyer paying.)
While this may give you the value to the previous seller, it means little when we look at the value to the buyer. There is definitely a possibility that the buyer one day looks to sell the card, and the value for him has to be viewed as an estimate of what the future sale would be. Of course (we hope) he is not bidding on his own card which means the biggest driver of price at the current time is gone.
Certainly it is true that there is no good way to place a value on a 1/1 and because of the scarcity they often do not reflect the rest of the market, to say that whatever the high bidder pays is "its value" offers a number that is in essence useless from the moment it is known (other than to the seller getting paid and the buyer paying.)