That's a fair question. I think the answer is that there
are a lot of people who subscribe to Mopo, but don't participate in
the discussions AT ALL. And they may not even be actively
collecting any more. When they see an offer to buy, they
might consider it. And the price they get for it might not be at
all unreasonable. Your example's fairly extreme Claude, but
really, buying FP56 at 7 and selling at 11 a year later isn't that big
a deal, if you consider it like a stock.
Now, sellers like Dave design good detailed auctions and they do
attract a fair amount of attention. He also pays for all the
ebay listing bells and whistles to attract even more attention.
In some ways, he's following you-know-who's model. I know what
many people think about auctions or auctioneers that get consistently
high prices; there must be shilling going on. Well, I can't say
there isn't, but in public auctions anyway, I can say that I know
quite a few of the people bidding on many of them, and they're
certainly intent on winning it for themselves. I myself have bid
on several of Dave's auctions in the past, narrowing beating or losing
to some people who actually turned into pretty good friends. I
don't often bid with Dave now because there's just too much interest
in his auctions and the hammer prices go too high; I can get better
prices as one-off purchases. Also because I already HAVE many of those
posters that you do not often find in ANY condition! (Couldn't
resist.)
RK
---------------------------------------
At 10:37 PM -0400 8/10/05, Claude Litton wrote:
I think you misinterpreted what I was getting at. JR is correct. Neither JR nor I want to deny anyone the right to make money and frankly I admire people who can make money. When I asked the question I was alluding to the following: Here Dave was telling MoPo members to please note that the poster he placed on ebay was sold even though the auction had ended. Considering that most mopo people are astute poster watchers and especially high end material, everyone must have known he bought the poster not long ago for $7500 on ebay. He made a nice profit and now is telling mopo people that he wants more of the same. There is nothing wrong with what he is doing at all. What I was getting at was --this is supposed to be an astute poster group. Therefore why is he asking the group to sell him posters at a low price so he can sell them at a high price? Doesn't he give the group more credit than that? That was all. While we are at it, maybe it was a good idea after all and I should take a cue from him. Anyone have a 1947 one sheet of Dracula under $10,000 for me?
Claude
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