Re: 2 Elway White 94 Throwbacks- What are the odds?
Originally Posted by CollectGU
To be fair to the auction houses, we are looking at and complaining about 5- 10 jerseys, often the other 300 don't seem to have problems, and in fact there are some really nice items often offered. No excuse for the 5 -10 wrong, but if auction houses like AMI at least pull them when notified with a problem it means that things are changing for the better in the hobby.
Regards,
Dave

To be fair to the auction houses, we are looking at and complaining about 5- 10 jerseys, often the other 300 don't seem to have problems, and in fact there are some really nice items often offered. No excuse for the 5 -10 wrong, but if auction houses like AMI at least pull them when notified with a problem it means that things are changing for the better in the hobby.
Regards,
Dave
After college, I became a licensed CPA. When doing audits, you learn statistical sampling because you have to manage time and can't thouroughly go through every piece of inventory. For example, if 300 was the size of the inventory, you may randomly choose "say" 20% or 60 pieces to audit. Then you would tear through those 60 and figure out how many of those were good or bad. If 10 of the 60 were bad, then you would assume 50 of the entire 300 would be bad.
If we went through the other 300 in a one by one fashion, how many perfectly tagged light use would we find? The light use is sometimes a flip of the coin as the consignor is generally the one who knows if it was really game used or a game-issued that was rolled around in the back yard and washed. They are harder to scrutinize when they are MLB or NBA jerseys. Easier to scrutinize when they are NFL jerseys.
If we went through the other 300 and the auction houses disclosed who the seller was, how many problems would we then find? Many eBay sellers have left to the anonymous cyberspace of the auction houses you speak of. Now they can hide behind their anonymity and feed the auction houses with their junk and hope and pray they receive a LOA and big bids.
We often times also mistake heavy bidding and big prices for credibility too. How many of these auction houses are allowing fake bids and shills that often give an illusion of safety and hence attract legitimate bids.
Note to Chris ---Hope you are feeling better!
Andrew
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