A week ago, Brad Negen had less than $10,000 of total book value in his inventory. After being the winning bidder in COMC’s inaugural silent auction, Negen now has just over $20,000.
With his $1,530 offer, Negen outbid 25 others to claim the collection of sidelinecardz. Several bidders were close on his tail. The book value was $10,927.35. You can find the cards for sale in his Jag account.
“I thought it was a nice varied lot that would allow me to pick up some baseball and hockey cards, which I don’t have much of in my inventory,” said Negen via email Thursday. ” I thought there were some pretty nice football cards in there as well, and many of them didn’t have multiples on the site already — which is a big positive.”
With no listing fees of any kind, Negen instantly gets to price his 1,662 new cards accordingly.
“I’m hoping I can see a positive return from the lot by being patient with sales,” said Negen, a COMC seller since early 2009. “With what I’ve seen in sales from my first year here, I think I can make that happen.”
The next silent auction just went live this afternoon, and here are some stats from the lot:
Total Book Value: $7,005.90
Original Asking Price: $1,522.74
Current Owner: GridironHerosandGreats
# of items: 1,695
Items with no Book Value: 4
Average Book Value: $4.14
Go place your bid.
Here is Negen’s endorsement for COMC, and the auction system itself.
“I’m a big fan of COMC and the direction the site is moving in,” he said. “One of the best parts about the auction, and the site in general, is that you don’t have to worry about the safety of a transaction. The contents of any transaction are clearly listed with great scans and money is transferred from one party to another without concern.”