Same reason as: Why does a dog lick his ball$?

georgebailey2

Since 2010, I have slowly been putting together what would be considered a 60's junk set in PSA 8. There are a couple of condition rarities (if you can call them that) that command a premium over other cards in the set. One of these was up for auction recently. The card has been selling in the $60 to $80 range over the last year. In this particular auction, someone placed what they most likely thought was a nuclear bid. At the last second another person came in with a snipe and the card went for just over $200. This was 10 days ago.

The winner just listed the card, for auction, no less, with a start point of $899. No, it was not Dean's Ebay Museum..er... Cards.

Gotta love those whose pricing defies all concepts of logic, supply and demand, etc.

Excuse me while I go repeat the Serenity Prayer.

mattyc_collection

Sounds like a new price bar was just set because two guys with decent pockets wanted it. If it just sold for $200, not much chance of finding it in the near future for 60-80 bucks. Maybe not $899, but maybe the current seller knows what the true effective pop is, based on examples locked up in Registry sets. Hence why it's always good to take down the rarities first, as time has a way of seeing the good cards vanish into collections or rise in price. No sense crying over spilt milk, as they say.

georgebailey2

<< <i>Sounds like a new price bar was just set because two guys with decent pockets wanted it. If it just sold for $200, not much chance of finding it in the near future for 60-80 bucks. Maybe not $899, but maybe the current seller knows what the true effective pop is, based on examples locked up in Registry sets. Hence why it's always good to take down the rarities first, as time has a way of seeing the good cards vanish into collections or rise in price. No sense crying over spilt milk, as they say. >>



I am not crying. I didn't even bid. I'm in no particular rush.

I have been watching the set over four years and have noted prices and check on the population reports a few times a year. There is another card that has settled into the low $200's within the last 5 to 6 sales and its population in PSA 8 is about 30% lower than the card I'm talking about.

Remember, the winner is the person who is now trying to sell the card. The winner does not want the card (or maybe he does, but if someone was willing to pay me $900, shoot, I'd sell it, too). If you eliminate the winner, the second highest bid behind the nuclear bid guy (who clearly wanted the card) was for....drumroll......$66.50.

Based on a cursory review of the registry, the "liquid" supply of this card is most likely 2x-3x greater than that of the card that has settled into the $200 range. Also, there are a lot of these cards ungraded as they were overproduced at the time.

shagrotn77

<< <i>Gotta love those whose pricing defies all concepts of logic, supply and demand, etc. >>



Amen brother.

PMKAY

vintagesnowmobiles style

gameusedhoop

And the winner is:

georgebailey2

<< <i>And the winner is:

>>



You are correct, sir! Heyooooo!

I was too lazy to post links and didn't want to offend in case any of the participants were on the board.

It was also a bit like giving homework. In the back of my head, by being descriptive...yet, vague....someone would have enough information to keep themselves busy for a little while.

I wish I had a prize, but, alas, I do not.

Think of it in terms of this dialogue from Parks and Rec:

Chris Treager: And what do I get if I win?

Ron Swanson: The rarest jewel of all. Victory over me, Ron Swanson.