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Topnotchsy

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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.)
 

pigskincardboard

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In an auction format, it only takes two bidders to get the price to say 1500 bucks.

Person A wins at 1500 bucks, the next bid is 1499.

Is the card worth 1500 bucks? Well, sorta.

Once one person buys it, the number of bidders obviously decreases by one -- with the all important top bidder being eliminated.

If the third highest bid was 800..

all of the sudden, we have a 820 dollar card...

Because you can't buy your own card, the card automatically loses value. It's now worth what the second and third highest bidders are willing to pay for it. You make money by waiting for new bidders, or hoping that the bidders were closely packed.
 

HPC

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1/1's are only worth what someone is willing to pay at the time of it's auction.

If the winner pays $2k for it, but 5 years from now sells it and it goes for $500 at auction, then its worth $500.

Not really that hard to understand.
 

jeff550

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collecting rule #1
A card is only worth what someone is willing to pay for it.
 

uniquebaseballcards

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Would some random failed prospect 1/1 bought five years ago for $400 would still be 'worth' $400 if the seller never put it back up for auction? Would the same 1/1 be worth $400 if that prospect wound up winning 3 MVP awards and the seller never put it up for auction? We could only guess, but probably not.

I know nobody uses the Beckett price guide any more, but I think they explain why they don't list prices of 1/1s in their guide, and only sometimes list completed auctions.
 

HPC

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uniquebaseballcards said:
Would some random failed prospect 1/1 bought five years ago for $400 would still be 'worth' $400 if the seller never put it back up for auction? Would the same 1/1 be worth $400 if that prospect wound up winning 3 MVP awards and the seller never put it up for auction? We could only guess, but probably not.

If the buyer never put it up for auction again, then yes, it is worth $400.

A 1/1 gains its value at auction.

We can make subjective estimates about what it would resell for at auction, but the true value is $400, since that was the price paid.
 

uniquebaseballcards

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If the buyer never put that $400 card back up for auction, the value of the card would become what *someone else* would be willing to pay for it and not what he paid for it ($400), because he'd now become the seller. A card is only worth what someone is willing to pay and even the original buyer who paid $400 may no longer think its worth $400.

1/1s are priceless :)

HPC said:
uniquebaseballcards said:
Would some random failed prospect 1/1 bought five years ago for $400 would still be 'worth' $400 if the seller never put it back up for auction? Would the same 1/1 be worth $400 if that prospect wound up winning 3 MVP awards and the seller never put it up for auction? We could only guess, but probably not.

If the buyer never put it up for auction again, then yes, it is worth $400.

A 1/1 gains its value at auction.

We can make subjective estimates about what it would resell for at auction, but the true value is $400, since that was the price paid.
 

HPC

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uniquebaseballcards said:
If the buyer never put that $400 card back up for auction, the value of the card would become what *someone else* would be willing to pay for it and not what he paid for it ($400), because he'd now become the seller.

1/1s are priceless :)

HPC said:
uniquebaseballcards said:
Would some random failed prospect 1/1 bought five years ago for $400 would still be 'worth' $400 if the seller never put it back up for auction? Would the same 1/1 be worth $400 if that prospect wound up winning 3 MVP awards and the seller never put it up for auction? We could only guess, but probably not.

If the buyer never put it up for auction again, then yes, it is worth $400.

A 1/1 gains its value at auction.

We can make subjective estimates about what it would resell for at auction, but the true value is $400, since that was the price paid.

Touche!

;)
 

Mudcatsfan

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pujolsjunkie said:
Mudcatsfan said:
So the Gold is worth $60.....

and the Super is worth $1200 +

?................Shennanigans

http://cgi.ebay.com/2006-BOWMAN-CHROME- ... 2a05667fb3

This was already covered earlier in the thread. That's from the non-numbered gold refractors that were backdoored or something.


AH, my mistake.

Also thank you for explaining that politely and not reaming me for missing that post. Civility is a rare trait, you have been thanked :)
 

prospectorgems

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Wow! I just looked at the auction and that is very impressive with still 4 days to go. Congrats. Going to work out as a great flip!
 

pujolsjunkie

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Mudcatsfan said:
pujolsjunkie said:
Mudcatsfan said:
So the Gold is worth $60.....

and the Super is worth $1200 +

?................Shennanigans

http://cgi.ebay.com/2006-BOWMAN-CHROME- ... 2a05667fb3

This was already covered earlier in the thread. That's from the non-numbered gold refractors that were backdoored or something.


AH, my mistake.

Also thank you for explaining that politely and not reaming me for missing that post. Civility is a rare trait, you have been thanked :)

Haha, I wouldn't expect a person to read all 50 pages of this thread like I unfortunately did. It really isn't that informative.
 

MichaelStanton2010

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prospectorgems said:
Wow! I just looked at the auction and that is very impressive with still 4 days to go. Congrats. Going to work out as a great flip!


WOW I cannot believe this card has eclipsed the 1K mark...great job on the flip!
 

MichaelStanton2010

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ktothep said:
hey everybody. i found the hellickson super at a card show. anyone have any idea what a good price would be. the guy is asking 500. thanks

Scan is on page 3

Ummm...I found the Maybin 2006 Red Refractor Auto 1/1 at a card show. Should I buy for $2500? :)
 

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