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For those who like to watch people who flip #1 graded PSA sets

Here is a PSA #1 graded set that was bought recently. The best offer price was $2,000.00

1974 Topps Test 6 Million Dollar Man Set

Here it is again with a day left remaining in a new auction.

Legendary Auctions (same set)

The set was bought off ebay on June 18th, 2013. It is being resold August 29th, 2013.

Comments

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    Baez578Baez578 Posts: 967 ✭✭✭
    Looks like he's going to take a hit on this auction
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    bobbyw8469bobbyw8469 Posts: 7,139 ✭✭✭
    Thanks for the link.....looks like not a profitable business model. I will be sure not to replicate it!
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    JHS5120JHS5120 Posts: 1,968 ✭✭✭
    This makes zero sense to me. Now, I am no expert on non-sport issues, but I would assume that 99% of your customer base is on ebay and not Legendary Auction. I would think the quick flip would be buy off a sports auction website and sell it on ebay, not the other way around.

    Just my opinion.
    Jason
    My eBay Store =)

    "Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind." Dr. Seuss
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    bobbyw8469bobbyw8469 Posts: 7,139 ✭✭✭


    << <i>I would think the quick flip would be buy off a sports auction website and sell it on ebay, not the other way around. >>



    ^^ This!! ^^ I have done numerous successful flips from various auction houses to Ebay. Of course, I have had hiccups here and there but, for the most part, have been OK. I can count on one hand only the number of successful flips I have had from Ebay to auction houses, with fingers to spare.
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    itzagoneritzagoner Posts: 8,753 ✭✭
    it's not over 'til it's ov........oh nevermind. image
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    jeffcbayjeffcbay Posts: 8,948 ✭✭✭✭
    Auction houses could do the flip themselves though, because they charge the buyer's premium. Right?
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    ReggieClevelandReggieCleveland Posts: 3,854 ✭✭✭✭✭
    There's still a day and half left.

    Most people put placeholder bids in and the real action occurs in extended bidding. For instance, just a few days ago, Love of the Game Auctions had the #1 PSA ranked 1964 Topps football set sitting at $4500 with just over a day to go. It finished at $12,900 with the BP.

    Love of the Game 64 Topps football set

    Let's wait until the auction is actually finished before we come to any conclusions.
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    Bosox1976Bosox1976 Posts: 8,536 ✭✭✭✭✭
    More importantly, who knew that Judge Smails' first name was Elihu?

    image
    Mike
    Bosox1976
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    kingnascarkingnascar Posts: 636 ✭✭✭
    One thing to keep in mind, anytime is a good time for a safety bid!!!
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    Currently $3,000 + 19.5% buyers premium and still going.

    $3,585
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    Closed at $3,585
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    bobbyw8469bobbyw8469 Posts: 7,139 ✭✭✭
    Someone got VERY lucky! (and not the buyer!)......
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    ReggieClevelandReggieCleveland Posts: 3,854 ✭✭✭✭✭
    Great job by the ebay buyer noticing a tough set that would sell for more and putting it in its proper venue. Something like this should always be sold through an AH.
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    This happens every day in the hobby. I'm not impressed.
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    bobbyw8469bobbyw8469 Posts: 7,139 ✭✭✭


    << <i>Great job by the ebay buyer noticing a tough set that would sell for more and putting it in its proper venue. Something like this should always be sold through an AH >>



    I'm not impressed either. I am not entirely sure the Auction House was the proper venue for that item, even though it brought more money. It was picked up on Ebay via a BIN/BO. If the Ebay seller had utilized a true auction format on Ebay, it probably would have brought just as much there, if not more. Just the way things work. Sorry.....
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    otwcardsotwcards Posts: 5,291 ✭✭✭
    Ah . . . I can see this very clearly, now.

    Doing this . . .

    image



    Leads to a bad case of this . . .

    image



    Which inevitability ends up with some trying to . . .

    image
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    itzagoneritzagoner Posts: 8,753 ✭✭


    << <i>image >>



    this evokes thoughts more along the lines of a guy sliding into 2nd and a shortstop refusing to be intimidated.
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    yankeeno7yankeeno7 Posts: 9,242 ✭✭✭
    Wow, thats quite a vomer.
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    bobbyw8469bobbyw8469 Posts: 7,139 ✭✭✭
    Comparing apples to oranges....welcome to the PSA boards!
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    << <i>One thing to keep in mind, anytime is a good time for a safety bid!!! >>



    Or the consignor could have accidentally bid on it
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    << <i>

    << <i>I would think the quick flip would be buy off a sports auction website and sell it on ebay, not the other way around. >>



    ^^ This!! ^^ I have done numerous successful flips from various auction houses to Ebay. Of course, I have had hiccups here and there but, for the most part, have been OK. I can count on one hand only the number of successful flips I have had from Ebay to auction houses, with fingers to spare. >>

    Do u pull ur thumb out b4 counting?

    image
    Eskimo Dictator collects: Base Ball cards, Americana, cuckoo clocks
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    ReggieClevelandReggieCleveland Posts: 3,854 ✭✭✭✭✭


    << <i>Thanks for the link.....looks like not a profitable business model. I will be sure not to replicate it! >>



    You, sir, are wise beyond your years.
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    BoopottsBoopotts Posts: 6,784 ✭✭


    << <i>

    << <i>Thanks for the link.....looks like not a profitable business model. I will be sure not to replicate it! >>



    You, sir, are wise beyond your years. >>



    He's too busy flipping Jordan RCs for $8 in white meat to be troubled with any other revenue streams.
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    << <i>

    << <i>One thing to keep in mind, anytime is a good time for a safety bid!!! >>



    Or the consignor could have accidentally bid on it >>



    And yet still somehow manages to lose his shirt. Things that make go hmmm.
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