Why even have the "best offer" option? (707)

bvc · March 17, 2011 9:19AM

So everyone knows that 707 has a monopoly on PSA graded Mantles, and he has a nicely centered PSA 6 57' listed @ $760 or "best offer". So I offered $600, and he countered with ..... $740? Twenty bucks off? Really? Why even have the 'offer' option to begin with if the intent is to sell it at almost full listing price? Thanks, but no thanks, and back to his virtual card museum it went. *rips fart*

RipublicaninMass · March 17, 2011 9:23AM

mostly takes off $5 when I make an offer..he must like ya

akuracy503 · March 17, 2011 9:23AM

If we could only paste your statement next to an asterisk of the BIN button on 707 auctions

frankhardy · March 17, 2011 9:23AM

Even if I was wealthy beyond my wildest dreams, if I am going to take the time to list something, even if I am the patient type, I'm going to try to move it at something reasonable. I don't understand that logic at all. On the other hand, they are his cards so he can ask what he wants for them.

eyebone · March 17, 2011 9:25AM

nevermind, it has been removed from listings.

bvc · March 17, 2011 9:25AM

I dunno, was $600 unreasonable for that card in PSA 6?

akuracy503 · March 17, 2011 9:26AM

Why don't you do a VCP reference

itzagoner · March 17, 2011 9:30AM

he cares not that you carry on nor carry out, but simply that you venture in again and again.

akuracy503 · March 17, 2011 9:31AM

It's classic monopolization by cornering the market, once established you can manipulate the market price by holding tight.
707 is testing the law of demand with his prices.

You can't blame the guy, he has nothing to lose obviously, if others followed his lead the prices of our cards would likely increase with due time.
It's looking like BIN's are following this trend for the most part.

<< Even if I was wealthy beyond my wildest dreams, if I am going to take the time to list something, even if I am the patient type, I'm going to try to move it at something reasonable. I don't understand that logic at all. On the other hand, they are his cards so he can ask what he wants for them. >>

ga5150 · March 17, 2011 9:40AM

Last four sales:

3/3/11 Clean Sweep Auction $611.00
1/18/11 eBay Auction $437.51
1/4/11 eBay Auction $460.99
1/1/11 eBay Auction $392.00

Notice the high one was not on Ebay.

I think $600 was an adequate offer, but like others said......it's not my card.

Rodney

Garabaldi · March 17, 2011 10:00AM

It was not a horrible offer. I am sure you thought that he would counter at $700 and then maybe settle on $650-$675.

bvc · March 17, 2011 10:04AM

<< It was not a horrible offer. I am sure you thought that he would counter at $700 and then maybe settle on $650-$675. >>

Not at all. "Best offer" was just that: my best offer; and based on VCP data a generous one at that.

bobbyw8469 · March 17, 2011 10:42AM

I think it was a great offer! All Star Cards is currently paying $400 for that particular card in that particular grade. The OP offered $200 above them. VCP average is currently around $435 and the all time record is $611 (according to VCP). Levi just has no motivation to make "just" a profit. He rather "gouge" people and set a record on every single card he has. I offer him a high price on a 1953 Satchell Paige card. He knocked $5 off. He must have accidentally thought his card was a PSA 4/5 instead of the PSA 2 it was graded as.

thehallmark · March 17, 2011 12:22PM

See something you like on Ebay, go to their website. They'll do better with the price. Still not great, but better.

bking · March 17, 2011 12:25PM

At the risk of joining yet another 707 thread, the guy has a BO for one reason only - to get you to start negotiating. He says 750, you say 600, he says 740, you say 650....... before long he has you WAY over VCP.

Stone193 · March 17, 2011 1:35PM

I made an offer on a 63F PSA 9 card - 10% off - and he took it.

Of course - it depends on what the card is - and the Mantles may be his sacred cow?

On that note - I made 3 offers to a guy - the last one being 10% off - and it was declined - and since it happened instantaneously - there must be an "auto" reject option for sellers?

As a buyer - I like ebay.

handyman · March 17, 2011 1:46PM

I dont see how he keeps all his cards from fading after being taken to so many shows. I guess he has so many he can shuffle them around.
It seems he fallows VCP average and what not bc hes always 150-200% above the mark always!
Oh well If he can let him.

WinPitcher · March 17, 2011 2:16PM

<< he has a nicely centered PSA 6 >>

Nicely centered cards do not generally sell for average prices.

Your offer was fair, IMO. He wants more for a better than average card.

I'd do the same.

fattymacs · March 17, 2011 2:28PM

I've made an offer to him once, his counter was funny. i bought a raw card and had it graded for about 60%. He's not for me, but if I really wanted something, he's there so that's worth something.
I'm glad he's in business, I'm thankful he can hold his inventory, one day I may have to have something he's got. Plus he's worth at least a thread a month.

SOM · March 17, 2011 2:40PM

<< Plus he's worth at least a thread a month. >>

In the current economy, he's been getting three!

leathtech · March 17, 2011 11:43PM

<< 

<< Plus he's worth at least a thread a month. >>

In the current economy, he's been getting three! >>

I think he enjoys the attention... any press is good press right???

KbKards · March 18, 2011 12:35AM

There's currently 16 PSA 6 NQ 1957 Mantles BIN on Ebay ranging from $540 to $785, and 1 auction currently at $335.
If you want to spend $600 or less there are 6 BIN to choose from including one at $600 from 707.
If the card quality doesn't matter to you then the $540 one is the obvious choice out of the 6.

divecchia · March 18, 2011 4:06AM

I think for him it depends on how liquid the card is more than how long he's had it and what he may have into it. I may be in the minority, but I've had a few positive experiences with him. The most recent was a BIN at $450 and I managed to pick it up for $350. There was no VCP for the PSA 4 Coveleski I purchased, but a PSA 3 sold for $300, so I think I did OK for the PSA 4.

Donato

Mickey71 · March 18, 2011 4:13AM

By holding some of the inventory forever...he is not maximizing his profit whatsoever. On a unique or rare card he should hold out for great money; but a 57 Mantle is a dime a dozen. Make a nice profit and move on...if I were him. He can replace most cards easily. Someone mentioned about fading- when I saw his cards awhile ago many were faded...so yes light all the time can hurt the cards. These were Mantle's from 58-69.

They're his cards and he can do what he wants. His prices are the dollar store compared to Deans Cards.

Why even have the &quot;best offer&quot; option? (707)

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Why even have the "best offer" option? (707)