Buyers who use the last auction sale to buy a book 1 1

[KirbyTown]

On 8/9/2022 at 10:44 AM, blazingbob said:

Could have been more if the winner had a higher maximum bid

But it didn't get a higher bid. The winning bidder might have paid more, true, but the auction ended at the point where no one else felt it was worth more than the last price.

(i'm ignoring the buyer drama part because I wasn't really following)

Edited August 9, 2022 by KirbyTown

[blazingbob]

On 8/9/2022 at 12:04 PM, KirbyTown said:

But it didn't get a higher bid. The winning bidder might have paid more, true, but the auction ended at the point where no one else felt it was worth more than the last price.

Again,  missing the point.  If the buyer in front of me was bidding in the auction it would have ended higher.

[KirbyTown]

On 8/9/2022 at 11:05 AM, blazingbob said:

Again,  missing the point.  If the buyer in front of me was bidding in the auction it would have ended higher.

Is the point that you'll sell it to them for one increment more? 🤷‍♂️

[blazingbob]

On 8/9/2022 at 12:07 PM, KirbyTown said:

Is the point that you'll sell it to them for one increment more? 🤷‍♂️

No

[Motor City Rob]

On 8/9/2022 at 11:23 AM, Gotham Kid said:

and if the last sale price is an all time GPA high ?

I'm assuming a buyer wouldn't use an all time high data point to negotiate a price. Trying to get some clarification from the OP.

[theCapraAegagrus]

On 8/9/2022 at 12:03 PM, blazingbob said:

I am referencing a situation where the auction result was literally a day earlier.  Pops up the auction result on the phone and presents it to me.

Ah, okay. I understand the frustration, then, and agree.

[KirbyTown]

On 8/9/2022 at 11:10 AM, blazingbob said:

No

At what increment more would you be ok selling it? I understand that in theory two people who want a book could bid forever, and in theory every person who currently has interest in the book could have attended the auction; but the reality is what happened.

If you're frustrated with buyers and are just venting, I apologize for replying. You obviously have no obligation to do anything for anyone.

[blazingbob]

On 8/9/2022 at 12:13 PM, Motor City Rob said:

I'm assuming a buyer wouldn't use an all time high data point to negotiate a price. Trying to get some clarification from the OP.

Again,  buyer was presenting a auction result that literally just finished a day earlier.  I have no idea if it was a all time high.  I had priced my book on Thursday,  the auction result was on friday.

[GACollectibles]

On 8/9/2022 at 9:45 AM, blazingbob said:

I would like to ask that if you are this type of buyer to please remember one thing.

Somebody else paid that price to buy the book,  you did not.

If you were bidding in the auction you would have paid the next bid increment or more depending on what the high bidders top bid was.

I am not an auction house,  I price a book and then negotiate from it.  The price doesn't change in my hands as we are negotiating which is what it could be doing if you were bidding on it.  I am not extending your offer every 3 minutes every time an offer is made.  The only risk you have is that somebody else bids higher on my website or buys it outright.  

If I am over the auction house sale price then I am not obligated to sell the book at that price.  It is a reference for you to use but please remember "You didn't win the book that just sold". 

 

  

 

Finally!  A new Rant & Rave!

[blazingbob]

On 8/9/2022 at 12:22 PM, GACollectibles said:

Finally!  A new Rant & Rave!

Remember,  the Church of Comics has a new GOD in place.  Greedy Old Dealer.

Saving the comic masses with words of hope,  hype and leading you to the promised land of profit.  

[Mike's Rack]

On 8/9/2022 at 9:15 AM, blazingbob said:

Again,  buyer was presenting a auction result that literally just finished a day earlier.  I have no idea if it was a all time high.  I had priced my book on Thursday,  the auction result was on friday.

My Dad owned a small business for years.  Occasionally, a customer would comment that the shop down the street has it for less.  His response was always the same “Well, then I would buy it there.”  I never saw anyone do that.

[GACollectibles]

On 8/9/2022 at 12:26 PM, blazingbob said:

Remember,  the Church of Comics has a new GOD in place.  Greedy Old Dealer.

Saving the comic masses with words of hope,  hype and leading you to the promised land of profit.  

Ah, there's nothing like the smell of angry Bob in the morning

[Iceman399]

My favourite question to when they show me an auction result is:

Why didn't you buy that copy?

Answer is often along the lines of:
I didn't see it (well shocker maybe others didn't as well)
Because insert reason such as I didn't want to pay for shipping, insurance etc etc increasing the price further beyond the point
The movie announcement wasn't made until after the auction and it wasn't a book I needed until Disney told me I needed it.

[Transplant]

On 8/9/2022 at 11:31 AM, GACollectibles said:

Ah, there's nothing like the smell of angry Bob in the morning

[jjonahjameson11]

On 8/9/2022 at 12:03 PM, blazingbob said:

I am referencing a situation where the auction result was literally a day earlier.  Pops up the auction result on the phone and presents it to me.

This is what you’re complaining about? 🤣🤣🤣🤣

how petty are you???

[MAR1979]

On 8/9/2022 at 12:15 PM, blazingbob said:

Again,  buyer was presenting a auction result that literally just finished a day earlier.  I have no idea if it was a all time high.  I had priced my book on Thursday,  the auction result was on friday.

Now on to the only important question: Did the book have "White Pages"? That is all that counts.  

Edited August 9, 2022 by MAR1979

[blazingbob]

On 8/9/2022 at 12:39 PM, jjonahjameson11 said:

This is what you’re complaining about? 🤣🤣🤣🤣

how petty are you???

Obviously to you very

[southern cross]

I don't see nothing wrong with that.

Say you have a book you're selling for $15k

A buyer says the same issue in the same grade sold for $13k

As the seller you can accept the $13k or decline saying you want $15k.

The buyer has the option of paying the $15k or moving on.

GPA lists sales of individuals who paid a price on a book as they believe that is what it's worth to them. So GPA is really only a guide.

At the end of the day a books worth is what one collector is willing to pay! 

[darkstar]

This is carryover from the sports card market where cards, especially graded cards, are bought and sold at conventions based on recent online auction data, and the comps are almost used like a price ceiling and that if a card sold online for 1k, the dealer should be willing to take less than that because he isn't paying fees, shipping, etc. The idea that the price of something could be trending up is lost on one subset of buyers and willfully ignored by another. 

[Mr Sneeze]

If you want an auction price, the best thing is to be patient and scout out the next auction your interested in. Negotiated prices tend to be higher imho.