Art of the Deal: Youtube influencers setting unrealistic expectations for the hobby

[oplum29]

in today's video, Justin showed that he made a quick deal on his Discord.

a gold Kaboom with recent comps of: $460, 535, and 600. Justin valued the card at $500, offer $400, closed the deal for $415

mind you again, what the recent comps were, and what they average out to $530. that's comps. and Justin got the card for $415

again, i understand, it's your card, do whatever you want. but i seriously doubt, this stuff is happening at card shops or shows around the country (unless the seller is a flipper himself and doesn't care).

if i walked into a shop and said, "i see your card is valued at $535...well i'm gonna value it at $500 myself, so i will offer you $400", i would get laughed out of the shop.

[mc1]

Originally Posted by oplum29

in today's video, Justin showed that he made a quick deal on his Discord.

a gold Kaboom with recent comps of: $460, 535, and 600. Justin valued the card at $500, offer $400, closed the deal for $415

mind you again, what the recent comps were, and what they average out to $530. that's comps. and Justin got the card for $415

again, i understand, it's your card, do whatever you want. but i seriously doubt, this stuff is happening at card shops or shows around the country (unless the seller is a flipper himself and doesn't care).

if i walked into a shop and said, "i see your card is valued at $535...well i'm gonna value it at $500 myself, so i will offer you $400", i would get laughed out of the shop.

Cash is king. My LCS would definitely sell a $500 card for $400 without thinking twice.

[packman80]

Originally Posted by oplum29

in today's video, Justin showed that he made a quick deal on his Discord.

a gold Kaboom with recent comps of: $460, 535, and 600. Justin valued the card at $500, offer $400, closed the deal for $415

mind you again, what the recent comps were, and what they average out to $530. that's comps. and Justin got the card for $415

again, i understand, it's your card, do whatever you want. but i seriously doubt, this stuff is happening at card shops or shows around the country (unless the seller is a flipper himself and doesn't care).

if i walked into a shop and said, "i see your card is valued at $535...well i'm gonna value it at $500 myself, so i will offer you $400", i would get laughed out of the shop.

So lets say the card sells on ebay for 530 you pay near $75 in fees on that sale. so you end up with $455 So would you pass up selling it for $415 and give up a extra 40 bucks if you had a buyer with cash in hand? I think most would.

[auctionjmm]

Originally Posted by oplum29

in today's video, Justin showed that he made a quick deal on his Discord.

a gold Kaboom with recent comps of: $460, 535, and 600. Justin valued the card at $500, offer $400, closed the deal for $415

mind you again, what the recent comps were, and what they average out to $530. that's comps. and Justin got the card for $415

again, i understand, it's your card, do whatever you want. but i seriously doubt, this stuff is happening at card shops or shows around the country (unless the seller is a flipper himself and doesn't care).

if i walked into a shop and said, "i see your card is valued at $535...well i'm gonna value it at $500 myself, so i will offer you $400", i would get laughed out of the shop.

Have you tried? I ask that earnestly. You can walk into a lot of shows and LCS' with 10-20k cash and walk out with more than enough to pay your bills for a month. Never assume that the dealer/shop owner has his money right and can afford to stand pat on a price. I've witnessed plenty of "selling out" at shows. When you see a dealer leaving the show with no inventory at 10am, I guarantee that it was a deal that benefitted the buyer. Maybe these guys have other revenue sources as you've indicated, but the idea of quitting your job to flip cards is very realistic IF you have the seed money to start. It may be a form of bullying to some, but if you are good at profiling at a show, there is always a dealer somewhere in the room ready to walk away from his table for the right price. The amount of cash you have on hand and the time you have to process the inventory will dictate if you can make this a living. Finding the deals are easy. It's the cash and workload that has to be considered.

[jcardstore]

Originally Posted by auctionjmm

Have you tried? I ask that earnestly. You can walk into a lot of shows and LCS' with 10-20k cash and walk out with more than enough to pay your bills for a month. Never assume that the dealer/shop owner has his money right and can afford to stand pat on a price. I've witnessed plenty of "selling out" at shows. When you see a dealer leaving the show with no inventory at 10am, I guarantee that it was a deal that benefitted the buyer. Maybe these guys have other revenue sources as you've indicated, but the idea of quitting your job to flip cards is very realistic IF you have the seed money to start. It may be a form of bullying to some, but if you are good at profiling at a show, there is always a dealer somewhere in the room ready to walk away from his table for the right price. The amount of cash you have on hand and the time you have to process the inventory will dictate if you can make this a living. Finding the deals are easy. It's the cash and workload that has to be considered.

It's not even remotely realistic for 99.99% of people so no...

[auctionjmm]

Originally Posted by jcardstore

It's not even remotely realistic for 99.99% of people so no...

I clearly said IF you have the seed money to start. And I'm not talking about a 250k/yr anesthesiologist quitting their job. I'm talking about middle income 35k-55k types of people. Assuming they already have a good grasp on the card market, they could do a lot of damage at a show with 20k cash and match whatever wage they were previously making. Seed money is the biggest barrier.