Very nice auction if you got a lot of $$$ [Archive]

jacobbigshow

11-12-2007, 12:40 PM

http://cgi.ebay.com/CARD-SHOP-INVENTORY-AUTO-1-1-RC-EXQUISITE-JORDAN-MANTLE_W0QQitemZ130173312518QQihZ003QQcategoryZ636QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

Don't understand why the guy only did a 1 day auction. Just the 1,000 cards he has in pictured I would think could go for $50,000. Very nice lot, check it out so you can drool. I am honestly going to bid it up for a few thousand, but I doubt it will even be a 10th of the final price.

davebo

11-12-2007, 01:16 PM

This same auction has been run so many times. I recognize the pictures of the store. I wouldn't touch it.

j_b_77

11-12-2007, 01:38 PM

It has been ran before?

I just sent him an extensive e-mail trying to get him to be more descriptive on whether or not the stuff he shows in I guess is what is his shop is actually for sale. Payton Jimmy Brown Ryan Rookies along with alot more. So does he just keep putting it on then taking it off if the price doesn't suit him? I'm very interested, but if this is just another shady auction on E-bay forget it.

frozenntimesports

11-12-2007, 01:53 PM

I've seen this auction so many times too.

Bulldog

11-12-2007, 02:16 PM

This is the 2nd or 3rd time I saw this auction and the links were from the "old" Blowout board.

Chucky

11-12-2007, 03:19 PM

Just because its been listed several times doesnt mean it not legit. Maybe this guy has a certain price in mind before he will pull the trigger. Some of these guys put these mega dollar lots out there just to explore the possibilities. If you are interested, it cant hurt to explore further.

BAMBAM

11-12-2007, 03:56 PM

I agree, just because its been up before doesn't mean its not legit. If I had the money to even consider purchasing this lot I'd print out the listing and fly out to Orange County to work out a deal face to face. I wouldn't doubt some other big money buyers have already inquired about doing that exact thing. I think he is just using fleabay to get it out there. No way would I expect this to end with a buyer. Besides, the aholes at fleabay don't deserve the final value fees for something of this magnitude.;)

j_b_77

11-12-2007, 05:06 PM

I asked him the seller if this auction has done before and he said it had. The buyer wanted to pay over a 4 month term but didn't let the seller know this. He decided to relist instead.

jacobbigshow

11-12-2007, 07:10 PM

Yea I as well remember the seller's name. But it is a really nice lot, if you spend 5 minutes looking through the cards, you would wish you had $40,000-$100,000 to spend. I think eitheir way this collection will sell for well under what it can be re-sold for. Look at those vintage cards, look at those relics, look at those autos, they are so nice, I have about a 1/3rd of what is needed to buy this lot, wish I had the money to get it, it would definetly be worth it. Only scary thing is you are only guaranteed from paypal for $2,000.

mwheeler27

11-12-2007, 07:31 PM

I would LOVE to bid on this, but the seller doesn't have any feedback in the past 6 months! He hasn't received a single feedback from anyone in at least 6 months.

I would bid $20K if I felt better about getting what he's auctioning off. I have seen this auction before, but there are a lot of newer items from just this year that wasn't included last time. If he's getting out of the business, (not that that is what he's doing), it doesn't make sense that there are so many newer items.

I just don't know what to think.

j_b_77

11-12-2007, 07:42 PM

If I win this item, I'm personally going down to OC and paying for it with cash after I make sure I get everything that is listed. I told him that was my intent and he sounded like he didn't have a problem with that.

Munsonmanor

11-12-2007, 07:51 PM

I watched this one too, dreaming of course! I believe this went between 40-45 thousand the first time. There may have even been a thread on here that had a link to it. I guess the only question I would have is would you get more off of fleabay, or setting up a table at a show in a big city?

iam4car3

11-12-2007, 10:04 PM

How about doing a group buy on this auction? :)! I believe that he will end this auction early because he said that he made a mistake by listing it for 1 day.

j_b_77

11-12-2007, 10:07 PM

Thats funny because I was thinking "hmmmmm what if this was a group buy....."as well. Auctions like these would be really nice for group buys don't you think??:)!:)!

jacobbigshow

11-12-2007, 10:18 PM

Yes I would be willing to pitch in 10 grand BUT, how the hell would we do a group buy like this? Who gets what, how does it work. It would be so complicated and there would have to be a lot of trust involved in doing so. I just don't think it would be possible.

CaptainBOHICA

11-13-2007, 02:24 AM

i wonder if you can make more money selling everything individually?

CaptainBOHICA

11-13-2007, 02:30 AM

ended at 36k... wow.

Munsonmanor

11-13-2007, 08:17 AM

One way would be for everyone who puts in money to agree that all of the 1 of 1's would be sold until all the money was paid back. In this case, if/when $36,000 worth of cards is sold individually stop. That's when the decision would be made if everyone just wants to sell the rest of the cards for profit or put the cards in lots and assign numbers and then each person can decide to sell, trade, or keep. That would be the only way to be fair in case the group couldn't decide on one way.

jacobbigshow

11-13-2007, 09:35 AM

Here is another lot not as nice:

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&Item=320181961650&Category=636

But man that is a missed oppurtunity, 37K that is it. I think if we sold half of the good stuff we could of gotten 37K. The only problem is a group buy for this would be bascially impossible. It is a nice dream but I can feel that somebody would feel cheated when the collection would be finally sold.

mwheeler27

11-13-2007, 12:21 PM

A group buy would not be impossible on something like this. It would have to be agreed upon that every single thing would be sold ASAP. After all, that's why you'd be participating in a group buy because you're doing so as an investment.

Sure, there's the trust issue, but if every item was listed on Ebay, that would be most of the proof you'd need to fulfill any trust issues. The ONLY problem would be deciding who would do the listing, and how would it be done.

jacobbigshow

11-13-2007, 02:36 PM

Yea but how many of us know other people personally? It would be very hard to do a group buy if you have never seen anybody in person.

jacobbigshow

11-13-2007, 02:39 PM

I have gone ahead and emailed the seller telling him of the situation if the buyer backs off. For dream situation, how many of you guys would be intersted in a group buy. Id be intersted in like 10K of it and I live in NJ. Just throwing it up in the air, if anybody leaves close and if we can get 2 more buyers that all live close then we can do something if the buyer backs off.

CaptainBOHICA

11-13-2007, 02:44 PM

there are people on here who are "trusted"... and besides, if we paypal the money, or send a cashiers check to someone, and if they go sideways on the group, you got their address LOL. and for something that huge, I personally would want a contract written and signed also, to further protect everyone's investment. a gb like that, ambitious - yes.. doable? absolutely...

swjedi2000

11-13-2007, 02:44 PM

This will probaly be up for auction again in 6 months.

Funny how this auction keeps on popping up time and time again.

BB

Chucky

11-13-2007, 03:01 PM

jb77- did you win this auction?????

otmack2o

11-13-2007, 03:05 PM

I think the main trust issue with a GB like this would be in not knowing exactly came in the lot. The person that picked the cards up could easily not report what all he/she got from the seller.

BAMBAM

11-13-2007, 03:06 PM

Thats funny, I had the same idea about getting an investment partner because it was pretty cheap still at around 5:30 est. After seeing this at only $10K late yesterday I was dialing the phone# of a guy I deal with to see if he wanted to go in with me on it. He would have no problem flying to the OC with me to pick it up in person. Once it got higher than $20K though I was done. At the ending price I wonder if it still has the potential to be a big money maker even if broken up right and sold in pieces ? Alot of the cards scanned after the first and second wave of scans were just junk autos and GU BUT there was some big money pieces that would get a big chunk of your intital investment back rather easily. Would love to have had the opportunity to go through that stuff and make an offer before it went to fleabay. :rolleyes:

jacobbigshow

11-13-2007, 04:19 PM

WHO IS STILL INTERSTED IN THE GROUP BUY?????

Hello,

There may be a problem with the buyer. He said he checked his bank account yesterday and had enough money to pay all at once and then called me today and said because of the holiday yesterday the bank didnt show the correct amount until today. So he is 10k short and said he needs a month or two to get the rest. He sent me a 5k down payment but I told him I wasnt sure if I would offer it to another interested party. I had a offer to end it early for 35k but turned it down before the auction ended. I will accept any offers around that number. Thanks!

Bulldog

11-13-2007, 05:32 PM

Here is a thought about how to divy up the proceeds and to get enough money to make the deal.

Sell 50 "shares" at $700 each and you will get $35k. Each share represents 2%. So if I owned 1 share, I would get 2% of the profits plus the return of the investement (I'm ASSuming that the cards can be sold above the cost to purchase the card and any fees associated with selling them).

For example: after it was all said and done, all the cards sold totalled $35,100 (after fees and other costs). Each share holder would get their invesetment back plus $2 profit. If a person had 10 shares, they would get $10.

This would be true if you could not turn a profit. Lets say the net total was $34,900. Each shareholder would get back $698 instead of $700 because there was a loss.

If $700 is too much, you can cut the amount in half ($350) and sell 100 "shares". This creates a bigger pool of people that could afford to buy a share.

As for making sure the holder of the cards is honest, that's another issue.

I hope you can pull this off.

CaptainBOHICA

11-13-2007, 05:52 PM

As for making sure the holder of the cards is honest, that's another issue.

if another board member in that area could make the trip to independently verify everything (inventory, transaction) - could possibly be a way to resolve this...video taping things, etc.

*Shrugs*

jacobbigshow

11-13-2007, 05:52 PM

Yea but whoever is in charge of the shares would have to be trusted. Is anybody willing to give $700 per share to somebody they don't know? If there is a way to do a contract heck id be willing to put in 15-20K. I could even realistically get together 25K. It is an intersting deal, the only problem would be driving to the seller and picking up the lot since I am in NJ. But it might be worth the $700 in shipping to do so. ROAD TRIP!

BAMBAM

11-13-2007, 06:11 PM

If you were going to do this, I think your best bet would be to get 3 or 4 investors who were within a decent driving distance of each other to go in together for the load. Having 25 people spread out hundreds of miles apart will be a huge headache for the people(s) who are chosen to go and swing the deal then sort and sell. I think it would be much easier if you had 3 or 4 guys who were close enough to sort the load together so they could SEE exactly what it consisted of in person. That way they could agree on the best way to move at max profit and are close enough to get together should anything arise that needs a decision made. Just something to think about since it might be up for grabs again.

jacobbigshow

11-13-2007, 06:38 PM

Yea good point. Also the guy is in CA, so its is a 44 hour drive, so picking it up is out of the question. I know I could always borrow $10,000 from prosper.com but that would cost me $3,500 over 3 years of payments.

jacobbigshow

11-13-2007, 10:01 PM

New message from seller:

Yes I will allow pick up and I am 99% sure the buyer can not come up w/ the funds w/ in the next week. Please let me know what you are thinking. I may be re listing the lot with out some of the items tonight. Let me know asap. Thanks!

j_b_77

11-13-2007, 10:43 PM

jb77- did you win this auction?????

You know what It only went for 31 and some change. I really thought it was going to end up over 40. I totally spaced the end of the Auction. Something important popped up...."oh so conveniently":mad:

j_b_77

11-13-2007, 10:47 PM

I think there might be a little underlying shadyness going on. I think the seller has a figure, around at THE VERY LEAST 35k. Who doesn't realize that 10k isn't their Bank account??????

j_b_77

11-13-2007, 11:35 PM

iam4car3

11-14-2007, 12:14 AM

I've been watching this auction and thread and something doesn't seem right. This is the second or third time this auction has been sold only to have a problem with the buyer. I don't know about you guys but I know exactly how much I have in my checking account. I surely wouldn't be confused to the point that I didn't know that I was $10,000.00 short. I will agree with BamBam that there shouldn't be more than 4 investors in something this expensive. Personally I would rather do it by myself or with 1 partner but since I am retired I certainly don't want to be tied down with having to sort and then list each card on ebay.
I think I see why the 15 case group buy of 2007 Bowman Chrome football didn't get off the ground it's a total mistrust of a large amount of money to 1 or 2 people to control. The 1 or 2 case break has a lot of fun factor for the investor and ripper but when you reach this kind of money it becomes serious instead of fun. O well it was a fun thought. :)!

CaptainBOHICA

11-14-2007, 12:16 AM

<((((>< <((((>< <((((><

iam4car3

11-14-2007, 12:22 AM

Capt. B. is there something fishy? :)

CaptainBOHICA

11-14-2007, 12:31 AM

i can smell it all the way from here... like i told someone in PM's... if someone had invested upwards of 100k on all these cards - WHY OH WHY would you let it go for 1/3rd that?

ok - maybe he has money problems..ok ill give you that.. lets say he did have money problems and letting go of a collection he spent 100k on for 1/3rd the amt - reasonable decision if you are stuck in a bind.

BUT.. would any reasonable person - WHO HAS MONEY TROUBLES really balk at offers that approach 1/2 of what your investment is probably worth? hell no - a person in that spot would take the first legit offer and RUNNNNNNNNNNNNNNNNNNN. at least thats my thinking.

but no, this person has relisted over and over again citing buyer troubles.

REALLY? buyer can't come up with the cash? a buyer couldn't balance out 10k in his checking acct? REALLY?

someone who is "missing" 10k in his/her checkbook = RICH ENOUGH WHERE THEY CAN MISPLACE THE MONEY.

do not get me wrong, i'd love to see a group buy on this. i think it would be amazing and i personally would be jealous that i dont have enough money to get in on it. im only 6 hrs drive from OC and i would make the trip. plus i have a lot of big friends with guns (legally and illegally) so there wouldn't be any messing around.

but it just wreeeeeeeeks of something <((((><

jacobbigshow

11-14-2007, 10:05 AM

Guys in the future this is how we can do a group buy:

http://www.prosper.com/lend/listing.aspx?listingID=231471&utm_source=borrower_listing_created&utm_medium=email&utm_campaign=system_event&utm_content=view_listing

I am doing this for a test run, I don't think I will get $25,000 but I wanna test the market and see how much I could get. I do have great credit, but guys this would be a great way to do a group buy. We could have 1-4 guys invest like $5,000 in the group buy and make an easy 10-12% whatever the pre-arranged deal is.

You guys have scared me to make this deal. Now I don't think I will do it.

j_b_77

11-14-2007, 10:14 AM

The seller never replied to me. Something was definately fishy here. No Deal.............

jacobbigshow

11-14-2007, 10:20 AM

The seller never replied to me. Something was definately fishy here. No Deal.............

Wow he always replies to me. He has replied back to me 4 times already. But how can this guy be shady? How would he be able to pull something like this off for 3-4 times?

jacobbigshow

11-14-2007, 11:35 AM

Somebody has another auction that looks so much like the one that just ended. Same type of lay out Font, everything. It even says to refer to that very same auction.
http://cgi.ebay.com/CARD-SHOP-INVENTORY-AUTO-OF-1-1-LEBRON-JORDAN-MANTLE-RC_W0QQitemZ320181961650QQihZ011QQcategoryZ636QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

Yea but this lot is not as nice as the one for $35,000. Here is a good question, is there a middle man you can employ from ebay. A place where you can pay them the money and then when you get the merchandise and sign off on it the seller would get paid.

jacobbigshow

11-14-2007, 11:38 AM

GUYS LOOK AT THIS!!!!!!

NOW DOES THIS LOOK FAMILIAR!

http://cgi.ebay.com/CARD-SHOP-INVENTORY-AUTO-1-1-RC-EXQUISITE-JORDAN-MANTLE_W0QQitemZ130173995761QQihZ003QQcategoryZ636QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

As well he just denied me of using a escrow service to hold the money so know I am 99% sure I will not be buying this lot.

j_b_77

11-14-2007, 06:57 PM

He did reply to me. I'm done with this auction. To me it looks real fishy when an auction keeps going through to relist. The user ID's are kept private. He can shill it or whatever. If he doesn't like the ending price...........RUN IT THROUGH AGAIN!!!:)!

jacobbigshow

11-14-2007, 08:40 PM

Yea I am pretty much done also unfortunetly. I am in NJ, so there would be no way I could pick up this lot, making it impossible to buy it. But J B 77....anyway you would still be intersted? I think this lot is really good even for $35,000 come on I know we could probably get $50,000 or more for re-sale. Let me know if you need a partner even though I am in NJ.

j_b_77

11-14-2007, 09:29 PM

I actually showed to a buddy of mine who came by. He got all jazzed up saying "When's your next day off?! Let's go check it out!" Which in turn got me jazzed up (again)because with his and somebody else we know's funding we could make this thing a Reality really quick. I don't know. If I do go look at this this weekend, I'll definately keep you guys posted.......

mwheeler27

11-14-2007, 09:52 PM

I bet you don't hear from him again once you tell him you want to personally see the collection before buying.

jacobbigshow

11-14-2007, 09:53 PM

Jughead

11-15-2007, 11:12 AM

There are better options out there. I am looking at a condo in which the owner is acting all weird too, just like here. Use your poker sense and figure out why they're being weird.

I always say I am a last resort to complete group buys and breaks. Not this one. This gets my stamp of disapproval. It is so hard to keep greed from ruling the brain, and this is what the seller is hoping for. Sure, it's exciting, and it's no crime to get excited. But something else could be a crime. Try to keep a level head, use some logic and move on. I know it's hard!

jacobbigshow

11-15-2007, 11:22 AM

Jughead use my poker sense, my poker sense is saying to go all in. I guess thats why I go broke playing poker also lol. But I still do not think this is a scam. It doesn't make sense if he lets you pick it up. I mean what can he do if you go to his house and pick up the cards? The deal will be done and you will have all of the cards and be satisfied.

Jughead

11-15-2007, 02:39 PM

Better bring some of Bohica's buddies with you, just in case. You're going somewhere (probably not his house but a neutral site or a storage locker or a warehouse) with $35k in cash or check.

jacobbigshow

11-19-2007, 12:48 PM

Did anybody follow up on this auction. It looks like he is re-listing it again. Very strange. Anyway has anybody ever bought a big lot of ebay and ever got what they paid for? I bought 2 lots for $1,500+ and both time got ripped off. Thanks to paypal I got most of my money back both times, it is just really hard to buy big lots on ebay without picking them up.

Well other than the T206 lot I bought for close to 6K and Bonds lot I bought for close to $2,500 but in those lots the seller listed everything I was getting in the lot. No stupid book value or card quantity description that can be easily abused.

j_b_77

11-19-2007, 04:54 PM

There's a lot of smaller stuff in these pictures now that wasn't before. I must of missed the Ruth cut that used to be in there. Hmmmmm.....This guy keeps relisting because he's selling stuff out of it I think. Forget this auction.

kingofnfl22

11-19-2007, 08:57 PM

wow, would love to bid on it, but dont have that kind of dough!! :( Might dream about it tonight though!!! Lot of nice autos in there.

jacobbigshow

11-19-2007, 09:28 PM

wow, would love to bid on it, but dont have that kind of dough!! :( Might dream about it tonight though!!! Lot of nice autos in there.

unless you can pick it up personally forget about it

chum666

11-28-2007, 05:39 PM

jacobbigshow

11-28-2007, 10:36 PM

sorry to bring this thread back up, but i'm surprised that none of the big buyers from blowout are located in southern cali. (i happen to be about 2 hour drive from the store, but i am not trusted here [yet] and i am not a big buyer)

OTOH, plane tickets from anywhere in usa to so cal must be less than $500 for the roundtrip.. if one can spend 30k on a lot....

Well jb I think is close to cali but all of us on the boards don't trust this seller, something is fishy. He now has the lot a $65,000, I don't see the fun of wasting money week after week and re-listing this lot on ebay?

j_b_77

11-28-2007, 10:47 PM

Well jb I think is close to cali but all of us on the boards don't trust this seller, something is fishy. He now has the lot a $65,000, I don't see the fun of wasting money week after week and re-listing this lot on ebay?

Yeah, I was real close to where the seller is. (2 1/2 hrs.) And I was ready to check it out with some people that were interested. After I saw the seller end the auction then relist more than once, oh yeah then the ruth auto cut was missing from the collection, it became apparant to me, the seller just wants to show off what he has and hope that somebody says, "how much for just a certain card"....in a sense he has no intentions of selling this lot, unless the winning bid is an amount he would sell. This guy is just having an ebay store for a fraction of the cost in my opinion. I'm going to save my time and money for stuff that is actually for sale.