Disclaimer: I am a huge fan of eBay and the significant disruption they brought about for buyers and sellers. I have been a frequent buyer and occasional seller on the site since 1998 and continue to use it every day. Nothing in this post is meant to put eBay (the company or marketplace) in a negative light.
I have seen a good many people base their selling and purchasing decisions solely on data they can find from the closed listings from the past 60 days for a particular search on eBay. ...
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When I was 10 or 11 years old (around 1985), I remember going to the local baseball card store with my friend Adam. He was gung ho to buy some older card of Steve Carlton and he told his father how much it would cost and how much he thought it was worth. It followed with the following back and forth:
Adam’s father: “Why is that card worth $15?”Adam : “because the printed price guide book says so”Adam’s father: “Why does that matter? What if I told...
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