[Groop]Re: Ebay high prices

Rick Loomis rick@flyingbuffalo.com
Mon, 10 Feb 2003 12:32:04 -0700

At 11:04 AM 2/10/03 -0800, you wrote:

>Let's see, according to the latest CBG, a 9.9 graded comic by CGC is listed 
>at selling at an average +2456% or 25.56 times the NM guide price.
>to my latest Overstreet Guide (32nd ed.), Image's Groo #1 is worth $3.50
at a 
>9.4 NM.  
>So let's do the math: $3.50 x 25.56 = $89.46.  Now, the ebay comic is listed 
>at CGC 10.0 and my CBG doesn't have that price.  So, taking both the latest 
>Overstreet price into account and the opening bid of $500, someone would
>to be willing to pay 143 times the price of the latest guide for that
>And that's just the opening bid.

Well, in my opinion one of the really nice side effects of ebay, is that
there are a lot of people out there who have no idea how valuable their
"collectible" is. (actually in most cases, have no idea that the
collectible they think is priceless is actually worth only about $2). If
you tell them it's only worth $2 they will think you are trying to buy it
from them cheap. With ebay they can put it up for auction and find out for
sure that no one is willing to pay $600 for it, and it only costs them
about 35 cents for the ebay listing fee. 
Flying Buffalo Inc  www.flyingbuffalo.com
PO Box 1467, Scottsdale, AZ 85252
480-945-6917 fax 480-994-1170