Price Defending vs Shill Bidding in the Sports Card Hobby
ฝัง
- เผยแพร่เมื่อ 30 ก.ย. 2024
- What is the difference between price defending and shill bidding in the sports card hobby?
$25 OFF your 1st grading submission (1 Card Minimum!) Follow the link below and use promo code SCD25 to get started:
It is very important that you add the promo code at the "Shipping & Billing" screen to receive the discount
Link: bit.ly/3MA7CHr
PROMO CODE: SCD25
Don't forget to check out our website: sportscarddad.com
If you have a sports card collection to sell, I have resources to assist. Please email me at the address below.
For all non-sports card related collectibles videos, visit my 2nd channel at @collectiblesdad
For all your Card Supply & Card Case Needs, check out Card Capsule here:
www.cardcapsul...
Try out Market Movers here for quick and easy sales history data:
www.sportscard....
Coupon Code: SCD
Users will get a 14 day free trial and a 20% lifetime discount on any subscription at any level, monthly or annual.
The only place on the internet w/ 10% off Slabmags!
Check out SlabMags here:
slabmags.com/d....
Use Promo Code 'sportscarddad' at Checkout for 10% off your entire order!
*Affiliate Link: I may receive a commission from purchases via this link
Check out the latest sports card auctions on Ebay here:
ebay.us/3cOQx0 #ad
*Affiliate Link: I may receive a commission from purchases via this link
Contact:
thepersonalfinancedad@gmail.com
IG: @sportscarddad
Twitter: @sportscarddadYT
Facebook Group: The Sports Card Dad News & Discussion
Disclaimer: The channel is partnered via sponsorship or affiliate with Pristine Auction, DCSports87, Robert Edward Auctions, Market Movers, Ebay, Slabmags, Card Capsule, JustCollect.com, and COMC.com. This Content is for informational and/or entertainment purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice
What is the difference between price defending and shill bidding in the sports card hobby?
$25 OFF your 1st grading submission (1 Card Minimum!) Follow the link below and use promo code SCD25 to get started:
It is very important that you add the promo code at the "Shipping & Billing" screen to receive the discount
Link: bit.ly/3MA7CHr
PROMO CODE: SCD25
Make sure to check out Cajun Cardboard's Channel here: @cajuncardboard
Don't forget to check out our website: sportscarddad.com
If you have a sports card collection to sell, I have resources to assist. Please email me at the address below.
For all non-sports card related collectibles videos, visit my 2nd channel at @collectiblesdad
For all your Card Supply & Card Case Needs, check out Card Capsule here:
www.cardcapsule.us/sportscarddad
Try out Market Movers here for quick and easy sales history data:
www.sportscardinvestor.com/pl...
Coupon Code: SCD
Users will get a 14 day free trial and a 20% lifetime discount on any subscription at any level, monthly or annual.
The only place on the internet w/ 10% off Slabmags!
Check out SlabMags here:
slabmags.com/discount/sportsc...
Use Promo Code 'sportscarddad' at Checkout for 10% off your entire order!
*Affiliate Link: I may receive a commission from purchases via this link
Check out the latest sports card auctions on Ebay here:
ebay.us/3cOQx0 #ad
*Affiliate Link: I may receive a commission from purchases via this link
DpZ...this is a free market economy and people do things you will like and dislike in all aspects of the money and greed game. There are winners and losers because it's not a perfectly controlled machine and the better you are at the game the better you can do in life. Who cares what others do, just do the best you can and don't worry so much about what others do.
Hey nice to see both of you guys here! Dennis knows I am a big Griffey guy and I have frequently bid to prop up prices on rare cards in auction that are also cards in my PC. Good example. 1995 Finest Refractor, that card wont fall below $1500 because I will 100% buy that card at $1500. My "prop up bids" ARE NEVER more than what I am actually willing to pay. I look at it as I do with stocks...if one falls below a buy pt for me, I will add more to my position to lower my cost basis but also to support the shares I have. This has probably been happening in the hobby since the hobby went on-line.
As long as you pay for the item you bid on, it isn’t shilling. Whether it’s a card you already own or not is irrelevant. Shill bidding is when you bid and have no intention of paying.
I agree, if you buy a second copy or a hundredth copy you are a part of that markets supply and demand. No issue if you pay for it.
Always a great Podcast when DPZ is on.
“I don’t like you buying this second card because it’s a good deal.” (And now serious collectors are being deprived of this card!)
That’s not exactly what you’re saying, but that’s kind of what I’m hearing.
My first response on this video got deleted, maybe because I put my email address in it… Anyway…
I’ve said it before in my last response video to you - I think it’s dangerous to question people’s motives for purchasing specific cards. People bid and buy for lots of reasons - They don’t have to be big player collectors.
I bought a card for $300 and then got another of the exact same card a month later for $120. I dollar cost averaged them so that instead of having 1 for $300 I now had 2 for $420, or $210 per card. So that when I went and sold my other copy for about the $220, I was only into my one existing copy for $200.
As long as a bidder pays, I have no problem with price / value protection bids. As a buyer, yes I can see how that’s frustrating to put up with, but also consider things from the seller’s perspective for a minute. You have someone placing a large blanket bid on your rare card. You KNOW that the current high bid is maybe nowhere near the max blanket bid for that card. In theory, why shouldn’t a comp be the most someone is willing to pay for that card? That is, why shouldn’t that max blanket bid price be considered a comp for the card? The trouble is, no one but the bidder knows that number. If it were a BIN, the this wouldn’t be an issue. Blanket bids open yourself up for vulnerabilities in this way by their very structure. Would you prefer that blanket bids didn’t exist at all and the current bid price just jumped immediately to the max bid amount? Why shouldn’t that be the default format for auctions?
I would love to have a conversation or debate on this topic. Feel free to reach out to me on my channel.
so few folks understand dollar cost averaging… it’s a slippery slope, you don’t want to hit every branch on the way down, so it’s not without risk, but a valid strategy nonetheless
Good points. We should debate this
@@pcwithdpz I’m happy to do so! Just let me know when 👍🏻
The sports card market is highly dependent on the 2ndary collector's market. Value is determined only what someone is willing to pay and money is actually exchanged.
Welcome to America my friend.
Anyone have the link to the light he is talking about?
DPZ is a thrill at parties. NO DIDDY
If a card consistently sells for $500 for a year,then all of a sudden goes to $5k. I would highly question this as a buyer. It is very easy to get 20 or so popular people in the hobby to pump n dump. I recently bought a pop 3 card,where pwcc fanatics has the exact card for $2300 and i only paid less than $60 shipped. I dont have to have any card so badly, i will pay 5-50x its normal. I am a comp killer lol. I will send a message to the guy selling extremely high and ask if i can buy at the price i paid and they block me lol
😂😂😂you sound like my dad... "I'm a comp killer". The hobby needs beckett back, that way prices stay steady for a month at a time rather than changing daily, and we all get the same price point to work from rather than everyone picking and choosing what comps to go by.
Lets be honest shilling is a real thing. If you think it is not real, you are the sheep in the hobby Pro tip, dont buy when it first comes out...wait 6 months+
and thats why the hobby for physical cards is dying. topps now is actually on the rise according to print runs.
Drop the information in here for how you take your pictures. I'm also tired of wasting time trying to get the perfect picture.
Dpz is the ‘Glamour Shots’ of the card hobby now ;)
Bidding on a card you own is a trash move no matter the reason. Spin the words however you want. It’s a shady move and you shouldn’t be allowed to bid on your own cards.
I agree 100%
Huh? I can’t own two cars or two houses or two of anything? Why are cards any different?
@@gametimegallery7661 he is talking about bidding on your own card at auction, not buying a second copy
@@gametimegallery7661 I think maybe they’re saying you can’t bid on your own auctions? Which I agree with. But I also agree with you. I own many duplicates and am not stopping anytime soon.
@@gametimegallery7661 I’m talking about bidding on your own card aka shill bidding. I own multiples of several cards. Nothing wrong with owning multiples. But bidding up a card you put up for auction should be criminal.
(You unrelated to buying your own card topic) Intention of the buyer is irrelevant. If the buyer pays, end of story. Could be first copy, second copy, the millionth copy. The “next buyer” doesn’t HAVE to buy the next copy, if they don’t value it at the last comp, they shouldn’t buy it at the price. Not sure why we’re over complicating and making it a discussion.
I dont trust a soul in this hobby.....all will burn you for a dollar. Maybe not today....but they will
I think it’s perfectly fine to bid on a item you have even if the buyers intention is to prop up the price as long as the card is not theirs and they have the intention of buying it. Free market and there is nothing corrupt about it. What’s more interesting is your second conversation about whether we are in a bubble. I do agree the hobby is getting stronger, but I also think there is more and more rubbish people are spending money on. Other than numbered cards, a lot of base rookies will be worthless in 10 years time (Wemby, Godard, Trout). Even different prizms. Just because a prizm is numbered to 50 doesn’t make us forget there are like 72 variations of it (ex. Ja Morant RC). Regardless though, sports cards will always be a good way to invest in your money and have some fun. It doesn’t take up a lot of space (especially if you are only collecting worth singles) and now with the market being quite transparent I think prices will hold more steadily. One last point is I have several rare cards of Gretzky of the same type. I know there are two more out there and I will buy them at any costs to own them. With what you said I could be “price protecting” but no I just want em and It would be very scary if I was told I cannot do that simple because someone thought I was trying to protect the price of the cards that I already own. Not even sure if buying a card simply to protect price is morally wrong or not. I just see nothing wrong in that, as long as the buyer pays.
My favorite podcast
Just woke up… so excited
It is not illegal to corner the market or create a market by buying all the inventory. i own 9 of 13 psa 10s of a card. The difference is i am a pc person where everyone else is flipping. I dont advertise the card for sell or put it on ebay for 10k obo and i only paid $300 and waiting for some sucker. That is the main issue is a person buying a card and throws it on ebay for 20x what they paid for it. It is easy to look up most comps. What dummy is buying 20x of last sell?
So for price defending, are you saying if you saw a $1,000 card going for $100 but you already owned a copy you should not enter a bid for even $101?
My opinion about what something is worth is I value it at the top bid price below me because I just wanted it more. I'm not afraid of a card losing value on a card I own because same thing could be said of the dollar. Welcome to your channel Dustin.
There are times where the price is too good, and I think to myself, “My dollar cost average per card will be lower if I nab this.”
This was awesome. Thanks for sharing
We are back
Who dat?
Great show today guys
Gotta protect your investment.
hence why nfts are on the rise in the hobby
The intention of the buyer is irrelevant, as long as they pay if they win. Their reasons for going after a card are none of your business. What about fixed-price listings? Should it be taboo to buy a card outright that you don't need but the price is too good to pass up?
Shill bidding is different. That's bidding on your own card with another account, or having a buddy bid on your card with the understanding they won't have to pay anything if they bid too high and win. That's totally different from bidding for a card you already own.