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Things that make you go HUH? Goodwin Auction
2dueces
Posts: 6,249 ✭✭✭✭✭
Ok gang. This one really has me scratching my head. Open for all to chime in.
1962 Card #401 Goodwin Auction $5011.38
1962 Card #401 E-bay BIN $200
1962 Card #401 Goodwin Auction $5011.38
1962 Card #401 E-bay BIN $200
W.C.Fields
"I spent 50% of my money on alcohol, women, and gambling. The other half I wasted.
"I spent 50% of my money on alcohol, women, and gambling. The other half I wasted.
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Comments
a) bidders need eye correction - misread label and thought it was a 9? or
b) bidders have more coin than sense
My ebay listings
Can you say "Inheritiance, so I don't really care?"
I knew you could.
Bosox1976
Got into this myself a couple of times. I remember getting into a crazy tug-a-war bidding contest with this one other guy for a 2000 Brady Contender rookie. Wounded up winning the contest for an absolutely ridiculous price of $490, which was like 3x what it was worth. The card wasn't even PSA 9 worthy, but I didn't care. I was throwing down the smack down at the time. Of course, I was like "What the hell was I thinking of" the very next morning
Man, I'm lucky the card is worth 3x what I paid for now
"There are a number of prices for star cards in this auction that make absolutely no sense to me. For starters, $1200 for an ugly 62 Topps Spahn 8, a card that according to VCP has sold for an average of $150? Over $3000 for a 62 Koufax 8, a nice one granted, but still. Close to $400 for a 65 Topps Banks 8, a card that is incredibly easy to find for $150 or less? What a great racket this auction biz is."
"make you wish you had hardwood floors lol"i do they are very cold in wintertime,otherwise the dont remind me much of 62 topps cards
<< <i>I think it's just a matter of too much testosterone. This is not uncommon in a real heated bidding war. After a while, you don't really care about the money. You just want to beat the other guy.
Got into this myself a couple of times. I remember getting into a crazy tug-a-war bidding contest with this one other guy for a 2000 Brady Contender rookie. Wounded up winning the contest for an absolutely ridiculous price of $490, which was like 3x what it was worth. The card wasn't even PSA 9 worthy, but I didn't care. I was throwing down the smack down at the time. Of course, I was like "What the hell was I thinking of" the very next morning
Man, I'm lucky the card is worth 3x what I paid for now
There would be no bidding war if you hit the button for BIN @ $200.
"I spent 50% of my money on alcohol, women, and gambling. The other half I wasted.
<< <i> The buy it now for $200 is bought, and I'll bet that buyer submits it in the next set of Goodwin auctions. Text >>
LOL....I was thinking the same thing.
Collect primarily 1959-1963 Topps Baseball
set registry id Don Johnson Collection
ebay id truecollector14
<< <i>I was going to start the same kind of thread. I will plagarize a post from Net54 to state my bewilderment as well.
"There are a number of prices for star cards in this auction that make absolutely no sense to me. For starters, $1200 for an ugly 62 Topps Spahn 8, a card that according to VCP has sold for an average of $150? Over $3000 for a 62 Koufax 8, a nice one granted, but still. Close to $400 for a 65 Topps Banks 8, a card that is incredibly easy to find for $150 or less? What a great racket this auction biz is." >>
Agreed. I honestly don't think these prices are for real. Or better yet, until all these auction houses disclose the under bidder lists, then I'll take them all as shady operations and will not be bidding on anything they offer.
Afterall, the auction house knows how much a bidder is willing to bid. They can just shill them up to that level. Some of these high bidders may have unlimited funds and may indeed want these items at the astronomical prices they're being bid to, but c'mon. What person with any common sense would be willing to pay $1700 for a '61 Banks 9 when you can typically buy one from almost any dealer in the country for less than half that amount. It's a $600 card at best.
Same with '62 Spahn 8, somewhat tough, but not worth a dime over $300.
Obviously some bidders don't have the time to research prices and search out the best deal, but I find these auctions results a little hard to believe.
A '73 Namath 9 sold for over $250. You can buy that on ebay any week for under $100. Geez!
And I'm not talking about just Goodwins' auctions, you see examples in all these other auction houses as well.
<< <i>And I'm not talking about just Goodwins' auctions, you see examples in all these other auction houses as well. >>
Totally agree. It's amazing to see how some auction houses have absurd final bids for some items. Then again, I have seen some items sell a lot cheaper than it should've.
FWIW a signed T206 I mentioned in another thread sold for $1,200+ before the premium at the American Memorabilia auction. Granted, it was signed twice, but a single signed T206 of the same guy sold for around $330 tonight on ebay, easily $1,000 cheaper than the other after premium.
Ripken in the Minors * Ripken in the Minors Facebook Page
<< <i>Can't wait to see their nice shiny ad in the next SMR. >>
along with a nice picture of the card and a caption about the newest "record breaking price" for this particular card in PSA 8.
this is insane, completely pathetic, and actually very sad.
I believe that at least half of the auctions from these "powerhouse" auction houses are rigged and bid up. I know it can never be proven, but I believe it's true.
Looks like you have a bunch of rich old guys that are bidding the f*** out of each other.
OP, thanks for sharing this.
If VCP has 7 1962 Topps #401 cards to average, and 6 are around $200 and one is $5000 then the average is now almost $900.
<< <i>AND, now these new "realized prices" will skew VCP slightly when you're looking at the average. If you go auction by auction it will stick out like a sore thumb, but the average will rise.
If VCP has 7 1962 Topps #401 cards to average, and 6 are around $200 and one is $5000 then the average is now almost $900.
Very good point. Perhaps they should just average using the 95% standard deviation.
1977 Topps Star Wars - "Space Swashbucklers"
Always looking for Topps Salesman Samples, pre '51 unopened packs, E90-2, E91a, N690 Kalamazoo Bats, and T204 Square Frame Ramly's
<< <i>Just another example of why buyers should use eBay. >>
or maybe Just another example of why sellers should use auction houses!
So they can have an imaginary shill win their card? (One month later)......"Uh sorry sir, we couldn't send your check because the buyer backed out, but we can recycle it into our next auction"
LOL
Their record prices are due to their marketing savvy!! They're just so savvy, weaving in an out of the market to get the best prices. Us mortals can only hope that a little bit of their magic can rub off on us.
Go through almost any set on vintage card prices and it's comical.
Take a 54 Topps Jackie Robinson PSA 8. Here are the results..
11/30/07 Goodwin $835.00
10/27/07 eBay Auction $721.00
9/15/07 Memory Lane $1,006.98
7/9/07 eBay Auction $705.55
7/3/07 eBay Auction $710.00
6/17/07 eBay Auction $800.00
4/13/07 Memory Lane $912.98
12/14/06 Memory Lane $1,778.95
11/13/06 eBay $834.45
11/2/06 eBay $755.00
9/30/06 eBay $791.00
8/11/06 Memory Lane $3,362.60
7/17/06 eBay $1,325.00
6/22/06 Mastro $987.00
Of course Memory Lane has the highest prices, its got to be those slick catalogs, right? And thats a fairly common card.
<< <i>Anybody who would accuse Bill Goodwin of shilling or any other disreputable business practice is exhibiting their hobby ignorance. Goodwin is one of the hobby's true gentlemen and his reputation is sterling. >>
I second that. Downright wrong to say that about Bill. Meet the man in person, and you'll change your mind.
<< <i>Credibility is everything when that is lost so is your buisiness. >>
There is at least one or two auction houses that seem to have lost credibility but still seemingly command record prices. I think there are a handful of collectors who don't care about potentially getting shilled if the card is rare enough... (Whether a type, in a certain grade, etc.)
<< <i> stupid money for a nice card, but a stupid buyer nonetheless. >>
I feel that there are some members of our society that like the prestige / status of winning a card through a high profile auction house.....Even though they could find the same card at a lesser price with another outlet(ebay).
Much in the same way some people will not be caught dead at a Walmart or K-Mart.....They will overpay at a higher end store for the same goods.....
<< <i>
<< <i> stupid money for a nice card, but a stupid buyer nonetheless. >>
I feel that there are some members of our society that like the prestige / status of winning a card through a high profile auction house.....Even though they could find the same card at a lesser price with another outlet(ebay).
Much in the same way some people will not be caught dead at a Walmart or K-Mart.....They will overpay at a higher end store for the same goods..... >>
IF the auctions aren't being shilled up, that is the only possible explanation!