Are Baseball Card Dealers The Exception To The Rule That Time Is Money?
JackWESQ
Posts: 2,133 ✭✭✭
Are baseball dealers the exception to the rule that time is money? Because, while I cannot cite any specific dealer, I'm sure there are some dealers that have inventories valued in the thousands, tens of thousands, hundreds of thousands and even the millions. So while dealers can hold out and wait for that idiotic, un I mean uneducated buyer to come along, and pay their ridiculous asking price, it seems entirely possible that any additional profit gained may also have been lost at the same time. Essentially, for example, what's better ... having $1,000.00 on January 1, 2008 or having, say, $1,200.00 on December 31, 2008?
/s/ JackWESQ
/s/ JackWESQ
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Comments
I have had up to 1/4 million $ in inventory on my simple website, and I can tell you for certain I have cards that I intentionally priced with what I think will be their predicted 2015 values just so they wont sell too easily too soon.
(you would do this too if cards you routinely picked up for about $100 ea. and flipped for a slight profit less than 5 years ago, now sell for $1000+ (ie Uncle Jacks, Leader Novelty, Zeenut HOFers, 1918 Zeenuts, D311, D310, T212-1, T213-1, Holland Ice Cream, etc. etc.)
PS. If I had the time I would also list all the untouchable cards I have in my personal collection (sets, HOF collection) at 400% of their value too
Their is a price for everything IMO..... it doesnt always mean the dealer really wants to sell the item for its current value.
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That's probably not the most relevant question, for the circumstance.
Non-widget collectibles cannot always be easily/quickly/cheaply replaced.
If I sell the thing on Jan 1 and have to pay alot more for it on Dec 31, I could
argue that it did me little good to sell it. Unless I can be certain I can replace
an item cheaply, I will hold it until I get my number, IF I don't need the money.
"Freeing-up money" to buy other stuff is often/usually not a consideration.
Many dealers/sellers already have plenty of money; they want to maximize
the profit on each sale they make. Eventually, the "right buyer" ALWAYS
comes around.
Remember... (especially with PreWar) the longer they keep the card unsold the more it will be worth in the long run.
Bingo!
many times inventory gains in value. If they can't get what they feel it is worth and can hang on more power to them.
Not saying the OP (Jack) is doing this but many times people that complain about someones prices want things on the cheap.
Many dealers consider the replacement cost of items they sell. What will it cost me to replace this card in my inventory?
Is it right? For many it is. For some it is not. They need to turn material over, and usually never have much in stock.
If an item sells quickly it in many cases sold to cheap. That happens and then you are left with the losers. The winners
move fast.
Steve
Steve
many times what you think is ridiculous is a properly priced item.
(for someone anyway)
Steve