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The internet has made it easy to trade. With the birth of the ebay flipper, where is our hobby heading? Is the hobby more of a business for flippers who are inflating our loved autographs. Its not uncommon to see items sold at auctions and resold a week later for double the amount. There also seems to be more and more flippers around.
Whats doing more damage to the prices the flippers or the forgers?
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David, I agree, there is nothing wrong with honest seller using their knowledge to purchase an item at a good price, and marking it up. the buyer will determine the market price. if it is marked up too much, it will sit, much like many of the BIN items on ebay.
I've noticed this happening quite a bit, with people winning an RR item, and then going for the flip on eBay.
I also occasionally see someone buy from RR then put it on eBay at a significantly higher price. The question is, 'are they actually selling on eBay?" RR items typically sell for around top of market prices, leaving little room, if any, for further markup.
In my experience with space items, I often see items at RR that I previously saw on eBay. At RR, they sell for a multiple of the eBay price. IMO, eBay is often "wholesale" pricing... great bargains for experienced collectors who know what they are doing. A minefield for the inexperienced and/or naive.
One of the most interesting questions to me is whether or not the existence of so many forgeries hurts or helps the value of authentic material. Does the existence of an authentic item in a field of forgeries put a premium price tag on that item that otherwise wouldn't be there? Why do people pay more for authentic items with PSA/DNA certs than authentic items without any certs? Why do auction houses with prestigious reputations get more for their authentic material than you or I would get on our own for the same authentic material?
It seems to me at least, that the very existence of all these forgeries drives the price of authentic material much higher, which can be both good and bad for the collector. If people didn't seek the added precaution of a PSA/DNA cert or the backing of a reputable auction house, the value of autographs would be much lower.
I think the opposite is true, Mike. Forgeries of high-demand, often forged autographs greatly suppresses the value of genuine ones. Look at all the galleries selling forgeries in Las Vegas and other tourist spots, where people can buy Beatles albums for 10 cents on the dollar. American Royal Arts sold untold millions of dollars in fake albums, guitars and other signed memorabilia.
If forgeries weren't such a big problem, many autographs would be much higher than they are today.
This is true, but you are assuming that these less intelligent "collectors" who are buying fully signed Zeppelin albums for $1-2k on a whim in Vegas would also spend the proper $10k on a real one if given the opportunity. I don't see that happening all that often. I believe a large percentage of forgeries only ever get sold because they target that "just right" price range. People are willing to spend $100 on the chance that it might be real, but not quite the $1000 to guarantee the real deal. It seems counter intuitive to you and I, but that is unfortunately how consumers in this world think with their money.
It's an interesting question, but do you think ARA would have sold nearly as many items if they had priced everything at true market value for authentic material? I don't think they would have ever sold that one of a kind beatles guitar for $500,000. Hopefully any buyer willing to shell out that cash would have asked a few questions first. I don't think they would have been nearly as successful. They knew their prices had to be in that "just right" range.
With no forgeries in this hobby, I think you would have less people who buy the forgeries (obviously), but the collectors that are willing to spend the money to get the real deal are still the same ones out there doing it today.
Not to mention how many collectors have left the hobby because of the enormous number of forgeries leaving less collectors to buy which also hurts the value of authentic autographs.
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