people who are afraid of the truth aren't good for any business and
as a matter of fact, wanting to keep truth private is the standard
operating procedure of comic book dealers. The Comic Book Price Guide
for instance. The people who report the prices are all dealers. While
it is correct, seeing as collectors have considerably less
information than dealers (no matter what collectors may think of
their own knowledge), the problem is a conflict of interest. Most
people don't seem to understand that collecting has winners and
losers: items you bought that went up in value, and others that went
down. A vast majority of them - in particular in the comics hobby
which is strictly money-oriented at this point in time - believe if
they spend a dollar, they should be able to reap two dollars. It just isn't so.
Collectibles, like all markets are based on supply & demand=price.
Comic dealers and comic collectors (who are equally guilty) believe
that all comics should increase in value year-over-year, and so most
PG advisors just use a method of a X% increase this year across the
board. It's false. Just like my stock portfolio, collectibles are
subject to price reductions. What value is there to keep a $200 price
tag on something that now routinely prices out at $50-75. People see
it doesn't sell at $200, and it reinforces the concept of "why would
I want to buy it at all now. at any price?"
letting that item languish in a box at $200 for 10 years (before you
finally liquidate it) is useless if you can rotate the cash.
a healthy market is based on items selling, not sitting
At 01:13 PM 2/13/2013, JOHN REID Vintage Movie Memorabilia wrote:
It goes without saying that the sales records that are published by
Bruce and Heritage are entirely accurate.
Well, I was very surprised to see that some of the sales records
that ebay publish are not at all accurate. I recently sold some
lobby cards to a customer in the US. I accepted his "Best Offer"
through ebay on each of the cards and sent them off to him.
However, I happened to check the listings and they are saying that
each card actually sold for the original asking price which was
quite a lot more than he actually paid. I thought this must have
been a glitch but on the discussion boards someone said that sellers
were complaining that the actual selling price was recorded when a
Best Offer was made. The argument was apparently that buyers would
expect similar discounts on all of the sellers items.
A seller on the ebay discussion board said that, following the
complaints, ebay decided to publish that the item sold for the
original asking price rather than the actual price it sold for.
In the case of the lobby cards I sold, the original asking price was
44.99 but I actually sold each card for 30.00 each. The listing
which is there for all to see states that the item SOLD for 44.99
which is totally false.
I would be interested to hear what you all think about this.
JOHN REID VINTAGE MOVIE MEMORABILIA
Websites:
<http://www.moviemem.com>www.moviemem.com
www.OzeFilm.com
<http://www.OzeAuction.com>www.OzeAuction.com
www.BodyCorporateNews.com
Facebook:
<http://www.facebook.com/moviemem>www.facebook.com/moviemem
Mailing Address:
John Reid
PO Box 92
Elanora
Qld 4221
Australia
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