(04-15-2013 10:43 AM)yanxchick Wrote: Book value is determined by the market, not the other way around. That's way it takes about two weeks from the point of release to get prices into the OPG. If it were the other way around, Beckett would have the OPG updated in two days.
Let's take for example 2012-13 Upper Deck Ice Chris Kreider. It has a Beckett BV of $200-$350 - two prices. The value of the card is not $350. That's just the top range of the card that people have paid for it, especially when it first came out.
The BV of the card falls within that range for an ungraded card. (I know some recent sales have gone for under $200 but that's because Kreider hasn't played much this year and shuttled between NY and Hartford).
A lot of the card values are based on eBay sales (along with sales from other reported places) that are added to an algorithm, which determines the value. But it is based off of market prices to determine two value numbers.
(04-15-2013 11:25 AM)phildo37 Wrote: to echo the OP, my beef, is that it's a perpetual on-to-the-new and Beckett sets its prices and then forgets about it. And I truly welcome anyone who can prove me wrong on that.
(08-06-2014 11:33 AM)jaykayzee Wrote: Don't confuse "not valuable" with "not collectible".
(04-17-2013 04:27 AM)jacobystealshome Wrote: 1995-96 collector's choice players club platinum. last year, the rices fell significantly. mario went from 100 to 20 or 30. yzerman had a siomilar drop. every card in that ser fell
(04-14-2013 04:27 PM)Optimus_Prime Wrote: So I know i'm pretty hard on beckett. I can't help it. It deserves it. However, In my heart, I know because of this site, I got back into the hobby. If it wasn't so easy to trade and the community so strong here, I wouldn't be here. So, I go back and forth with this site. Love hate relationship i guess. I beat it because i love it. Anyway. In effort to understand it more, I ask this question.
How does beckett go about getting their price guide prices? Do they have stores that send in what the cards are selling for? Do they go out in the field around the US and see what the cards are selling for? Do they track ebay prices? How on earth do they decide that a card should be book value at 50 dollars?