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If I was a consignor I'd be pretty upset....

1123581311235813 Posts: 610
in Trading Cards & Memorabilia Forum
Just finished going through the new auction catalog from Mile High Cards couldn't believe what I was seeing.

There are 21 separate instances where they are auctioning off two different copies of the SAME CARD in the SAME GRADE.

Given that this will almost certainly depress the prices of both cards, if I was the consignor of any of these cards, I'd be just a wee bit upset...

Thoughts...

Comments

  • perkdogperkdog Posts: 31,783 ✭✭✭✭✭
    Im not sure how Randy feels but how about his 1950 Football set in the same auction with another ( higher grade )1950 set.
  • leathtechleathtech Posts: 3,191 ✭
    I've never cosigned anything before but do they tell you upfront if they are planning on doing something like this or do they give you option to go in the next aauction?
    image
  • GriffinsGriffins Posts: 6,076 ✭✭✭
    Bill Goodwin has told me before when he has a similar item, and that he'd want to put mine off til the next auction so there wouldn't be a conflict.
    I know other auctions houses don't do this, and talked to a guy yesterday who was very po'd that he'd put a set in a major annual auction and had gotten hosed on it due to 3 other sets exactly like his.
    It is possible Mile High owns both of these lots themselves- I understand that is pretty common.

    Always looking for Topps Salesman Samples, pre '51 unopened packs, E90-2, E91a, N690 Kalamazoo Bats, and T204 Square Frame Ramly's

  • rube26105rube26105 Posts: 10,225 ✭✭
    <Im not sure how Randy feels but how about his 1950 Football set in the same auction with another ( higher grade )1950 set.>

    he ain't pleasedimage
    they told me that there was going to be a my 50,a 51, and a 52 bowman fb, i see no 51image
    they fibbedimage
    oh well-story of my life,somebody bid a little more on my autoed set that i want back though- still way too lowimage
  • RawPlusSlabbedRawPlusSlabbed Posts: 166


    << <i>It is possible Mile High owns both of these lots themselves- I understand that is pretty common. >>



    Do they publicly disclose which lots they own or that they own any at all?
  • GriffinsGriffins Posts: 6,076 ✭✭✭
    Nope, not that I know of.
    But there have been lots that have sold and then appear on ebay for sale by Mile High soon after, so I would assume they didn't make some sort of reserve or were bought back by the house.
    REA doesn't allow house owned lots in their auction, and Mastro now discloses them. I think Sloate has always disclosed his as well, he's pretty transparent.
    If you track purchases both public and private you can often get a feel of what the house owns.

    Always looking for Topps Salesman Samples, pre '51 unopened packs, E90-2, E91a, N690 Kalamazoo Bats, and T204 Square Frame Ramly's

  • GriffinsGriffins Posts: 6,076 ✭✭✭
    It's also interesting to see a run of auction house catalogs, and see how often the same card with the same cert number appears in multiple auctions by the same auctioneer. I guess a lot of buyers like to flip their winnings for losses very quickly.
    What is frustrating is that sometimes cards have been known to get reholdered with a new cert number, but often they are unique enough you can still track them.

    Always looking for Topps Salesman Samples, pre '51 unopened packs, E90-2, E91a, N690 Kalamazoo Bats, and T204 Square Frame Ramly's

  • RawPlusSlabbedRawPlusSlabbed Posts: 166


    << <i>What is frustrating is that sometimes cards have been known to get reholdered with a new cert number, but often they are unique enough you can still track them. >>



    I have only heard of PSA/Memory Lane pulling this. Do any others?
  • GriffinsGriffins Posts: 6,076 ✭✭✭
    that is the instance that comes immediately to mind.

    Always looking for Topps Salesman Samples, pre '51 unopened packs, E90-2, E91a, N690 Kalamazoo Bats, and T204 Square Frame Ramly's

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