Bizarre -- My PSA 6 Rose rookie sold for $1,100 above SMR

jrdolan

This is about the weirdest result I have seen on one of my own auctions. I had a 1963 Pete Rose PSA 6 ending tonight. It looked like it was going to end right around SMR of $450, then WHAM it booted up to $1,536 in the final seconds.

Well, my euphoria turned to dismay when the winner immediately emailed me and said it was a mistake, that he typed in $45,505 when he meant to type in $455.05, and that's how he topped the 2nd-place bidder. He tried to retract, but the auction ended too fast.

OK, well, somebody else bid $1,511 ... and that is strange, too. I'm sure that person sure won't want to pay that much when the only other bidder at that lofty level has backed out. Why should he? Of course I have sent a 2nd Chance Offer, but I know what the result will be.

The third-highest bid was about $600, but apparently that person doesn't want to receive 2nd Chance Offers because I don't see that option available for him. That takes me back down to the 4th-highest bid .... which would be what the first guy intended to type.

Just curious what you all think of this. How weird is it that TWO people bid $1,100 over SMR on this card? I mean, it's a nice Rose rookie for the grade, but holy crap.

envoy98

That is very weird. I guess I would ask the high bidder to cover the fees on the transaction and offer him the card for $455 if you're happy with that amount. I did that to a guy who hit a $150 BIN on a card of mine. Ended up selling it to him for my reserve ($100) plus the fees.

Of course, the 2nd place bidder will think you were trying to shill him so you're probably SOL on his bid.

Best of luck, hope it works out for you.

iamthegreatcornholio

bizarre indeed.

the first thing i thought of when i saw the title was that the guy from last night's scams bid on it... glad that's not the case

maybe 511 was accidently entered 1511?

but maybe i better get a nicer scanner like yours

brian

Mac53

Looks like there was only one guy who really bid $1,100 over SMR (assuming the $45,505 was a mistake), am I right? And that one bid (#2)may have intended to close out everybody and buy the card. I think the $45,505 bidder owes you at least what the 3rd place bidder offered, plus $25, since his mistake cost you that amount of money. That's what #2 would have ended up bidding were it not for #1's mistake. Make sense?

WinPitcher

WOW nice card JR! true ex/mnt card. sigh Im sorry that happened to you. the 2nd place bidder may have been all outting figuring by putting such a high bid in would allow him to win it at just above smr?

In any event id ask him if he wants it, just say the winner has backed out.

if he bites, great. I would also have the winner pay the fees if possible.

in any scenario the worst off is you still have that gorgous card.

I prefer a true ex/mnt card over a nmnt card anyday.

just like the au55 can be a much nicer coin that a bu 60 at times.

sd

jrdolan

I agree the #2 guy is gonna think he was shilled (that's what I would think in his place). It's still very strange that HE bid that high. BOTH of them mistyped their bids on the same card? Possible, I guess, but it defies the odds.

Sure, I'll settle for $455 or thereabouts. The initial rush of feeling like I found a bag of money on the sidewalk has faded and I know it ain't gonna happen. I just need to cover the extra fees, and know for sure that the #2 and #3 bidders are out of the picture. Heck, I'd be ecstatic if #3 wanted to pay the $596 he bid.

eBay is a surreal place sometimes.

Onlypsahockey

Relist it and let all the bidders know.

I agree with envoy, the high bidder should pay your fees for letting him off the hook.


Also ebay pulling the 2 Rose RC auctions by that scammer may have brought more bidders your way.

Hope it works out, Bob

MorrellMan

OK, well, somebody else bid $1,511 ... and that is strange, too. I'm sure that person sure won't want to pay that much when the only other bidder at that lofty level has backed out. Why should he? Of course I have sent a 2nd Chance Offer, but I know what the result will be.
JR - I assume the 2nd chance offers him the card for an increment above $595.25. That's fair and I don't see why he wouldn't buy it, except for the fact that he looks a bit newbie-ish.

Good luck. I'll give you four bills for it right now.

iamthegreatcornholio

<< <i> JR - I assume the 2nd chance offers him the card for an increment above $595.25. That's fair and I don't see why he wouldn't buy it, except for the fact that he looks a bit newbie-ish. >>



No. The 2nd chance is for your max bid, not the next lowest guy+ the increment. There was a huge debate about this... I'll try to dig up the thread.

edit - here it is - warning: you might want to go make popcorn before clicking this

Mac53

<< <i>I'll give you four bills for it right now. >>


I love it. Free enterprise never rests.

WinPitcher

yep, brian is correct. we just had a thread regarding that. Id ask the 2nd highest bidder if he wants it at his bid.......what do you have to lose? who cares what he thinks.

sd

jrdolan

That is correct. When I made the 2nd Chance Offer, there was no option to change the amount. It was $1,511 or nothing.

So I sent a separate e-mail explaining everything and stating that, except for the mistake bid that topped him, he would have won for $606.25 (the next increment from the 3rd-place bid, $596.25). I offered it to him for that amount.

I also wrote to the person who won and said I expected him to pay $606.25 if #2 declines. That is the sale I would have had, if it were not for the bid he says was a mistake. Adding shipping and insurance, and the extra eBay and PayPal fees I must pay, I told him his obligation was $645 (not $1,536) if the #2 guy is not interested.

Mac53

JR, I think you're spot on. Tell us how it comes out.

Onlypsahockey

I also wrote to the person who won and said I expected him to pay $606.25 if #2 declines. That is the sale I would have had, if it were not for the bid he says was a mistake. Adding shipping and insurance, and the extra eBay and PayPal fees I must pay, I told him his obligation was $645 (not $1,536) if the #2 guy is not interested.

Good Call!

Bob

jrdolan

You know, if the winner is lying about the mistake and just has a heavy case of buyer's remorse, he saved himself $900+ by making up that lie. This would hardly be the first time that two juiced-up bidders bid multiple SMR on a card in an effort to "top all," never expecting to pay that much. Does the winner get off the hook in those cases? Probably not.

On the other hand, there is no way to force a sale if the buyer won't pay. The most you can do is file a NPB and neg him. I'd rather sell for $606 now then have to relist and maybe only sell for $450 next time.

jrdolan

I just thought of something. When you attempt to bid more than $25K, don't you get an extra warning page telling you that you must have a credit card on file in order to bid that high?

If so, #1 bidder took me for a ride on the tale about $45,505 instead of $455.05. And got me to cut $900. Like they say ... If you look around the table and can't tell who the sucker is, it's you.

WinPitcher

i dunno about that jr i have used a comma instead of a period and ive bid 88.999 or somthing silly like that and i did not get a warning. my bid retractions are for that reason.


in any event good luck

stev

edited: one night i did that and couldnt retract! it was the longest 3 minutes I have ever spent! i would up paying 20.00 more for a card.

one other bidder came along and if he had all outted at say 99.00 for the 40.00 card i would have had to pay 102.50 for a 40.00 card, as it was i had to pay 60,00 for it. as my bid was in the thousands for a 40.00 card!!

softparade

well my head is spinnnnnnnning after reading this thread. Dolan I would re-list that card if I were you. AMAZING centering on such a tough card!

jrdolan

I may have to end up doing that (relisting) but first I'll try to collect the $606. I was lucky this time and had no other graded Roses to compete with, other than the ones in that scamming spree. Next time there might be three PSA 6 Roses on the Bay and mine sells for only $425.

Steve, remind me to watch my fingers around the comma and period keys when placing my bids!

baseballcardsonly

I just don't understand how this could happen. You don't hit the enter key just once. It asks you to confirm your bid. So he had to hit the enter key twice. That is why they have that feature for bidding, to allow you to correct your mistakes.



Either way.....VERY NICE CARD!

earlycalguy

if it was a snipe service you only put in your bid once.

NBAFan

I hope you didn't mention that you were charging him for paypal fees, otherwise he could turn you into ebay and get you suspended or a minimum of a warning.

WinPitcher

At times the snipe service fires 2x, I have seen 3 at most.

sd

jrdolan

I hope you didn't mention that you were charging him for paypal fees, otherwise he could turn you into ebay and get you suspended or a minimum of a warning.

If he wants to turn me in to eBay for asking him to cover the extra fees HE is forcing me to incur, he can just honor his bid of $1,536.

I don't understand how this could happen. You don't hit the enter key just once. It asks you to confirm your bid. So he had to hit the enter key twice.

I can understand it. After awhile you just click that "Confirm" button automatically. I have more than one account, so I use that "Confirm" stage to make sure I am using the correct ID for that bid. But if you have only one ID, maybe your finger just reflexively clicks the mouse a second time. That's ignoring a safety feature built into the system for your benefit, but I can see how a veteran bidder might tune it out.

jrdolan

All's well that ends well. The #2 bidder is taking the card for $606.25.

He was willing to pay $1,511 if somebody legitimately pushed him that high, so in that sense I was an inch away from another $900 on this deal. Would he have followed through in that case, or would he have made a "typing error" too? Who knows. Anyway, $156 above SMR on a $450 card is a nice sale.

So and move on!

MorrellMan

<< <i>I just don't understand how this could happen. You don't hit the enter key just once. It asks you to confirm your bid. So he had to hit the enter key twice. That is why they have that feature for bidding, to allow you to correct your mistakes.



Either way.....VERY NICE CARD! >>



Ain't no little extra keystroke gonna stop me. If I'm too drunk to put in the right number, I'm too drunk to pay attention to the confirmation.

Stone193

<< <i>Anyway, $156 above SMR on a $450 card is a nice sale. >>


Sound like a good deal - JR
Too bad you didn't get the higher - but if that idiot had not bid, it would not have gone that high anyway.

Congrats on a good weekend!
mike

jayhawke

Jr,

Let us know how it turns out.

Edited- to say I didn't read page two.