Registered: 04/11/05
Posts: 479
Loc: Torrance California
You used to be able to pay anything under $10,000 by credit card. So that helped to offset some of the costs if you used a credit card with rewards incentives. EJR
#5587264 - 04/09/1210:01 AMRe: Why I'm not bidding on any items in the Heritage FEB Auction
[Re: tabcom]
tth2tth2 "I blame it on the low quality of the newbies that are joining the boards." --And with one swoop tth2 become the community crotchety old man. Damn kids today.
TOTAL NEWBIE
Registered: 12/04/03
Posts: 33255
Loc: Hong Kong
Originally Posted By: tabcom
Edited from the Original Post:
Originally Posted By: tabcom
1. The Highly Professional Marketing Campaign is putting a premium on prices.
If you are a collector and don't care about resell value, that thrill bid is going to hit the brain faster than a line of coke.
If you are at all interested in retaining value, sit back and watch the show.
2. The Heritage 20% buyer fee + sales tax rarely transfers at the time of resale.
Taking a bath because someone sold a book a few months after he/she bought it on Heritage isn't about Heritage pumping the book up or because of the BP. It's about someone being dumb for trying to sell the book so soon afterwards.
Quick flips can work if the book was won at a steal of a price. This book was not a steal when it sold on Heritage.
It will be interesting to track how all the Bill books that hit the auction market in the next few weeks/months will do.
Mitch might not like the results.
_________________________
If you keep your collection in the closet, you can't enjoy it, you can't touch it, you can't share it" a line I heard from the show Collection Intervention.
#5587522 - 04/09/1212:56 PMRe: Who should I be pissed at?
[Re: comicdonna]
Gatsby77Gatsby77
The Post-man always rings twice. Uhm... ring ring?
Registered: 03/21/09
Posts: 1528
Loc: Washington, DC
to Tabcom and Bedrock.
Heritage is not at fault for marketing its books well, and I'd love to see anyone who speculates on books like the Billy Wright ones in order to turn them around and flip them within six months to post a huge loss.
Because they artificially drove the prices up for collectors like me, who buy and hold for years.
I'm also happy that majority of the known pressed Billy Wrights that are for sale in the next auction didn't receive a grade bump.
Let's see the books to go to someone who wants them for their collection, not just as instruments of short-term financial gain.
_________________________
Looking for Excitings, Black Terror 1-2, 7-8, Fighting Yank 2-8, 10-12, and America's Best 7 in raw or slabbed 3.0-7.0.
#5588044 - 04/09/1205:13 PMRe: Who should I be pissed at?
[Re: Gatsby77]
tabcomtabcom
Up 20 words per minute since I signed up
Registered: 06/15/05
Posts: 1160
Loc: Hawk Valley
Originally Posted By: Gatsby77
to Tabcom and Bedrock.
Heritage is not at fault for marketing its books well, . . .
The implication of your statement is that I have some sort of hostility against Heritage, I do not. I think Heritage is great for the hobby.
As I stated back in Feb., I felt the world class marketing campaign was going to bring out extremely high bidding. Hence, I abstained from bidding on many books I would love to have in the collection. This latest sale of the DC#52 from SparkleCity affirmed my skepticism on the resale price of the collection.
to Tabcom and Bedrock.
