How does the Valuation Board determine the estimated value for an item?
Largely, based on past auction results. A Board member’s most time-consuming duty is to monitor eBay sales for the items assigned to him/her — not only the ending price, but an estimate of the item’s condition. This data is then merged into a master database, which weights the sales based on the year — a sale that completed last month will carry more weight than a sale that completed three years ago. The sales data is then graphed against a “value curve” — the composition of that curve being decided upon by consensus agreement of the Board. Any discrepancies or aberrations are discussed, and corrected if need be. The final values are then published. Regardless of how it may look, the process places little weight on personal opinion. The “value curve”, at the moment, is a straight percentage based scale (see below for specifics). We’re considering making a separate curve for class-5 Rares, but have not implemented such a scale yet (the theory here being, collectors will typically pay
Largely, based on past auction results. A Board member’s most time-consuming duty is to monitor eBay sales for the items assigned to him/her — not only the ending price, but an estimate of the item’s condition. This data is then merged into a master database, which weights the sales based on the year — a sale that completed last month will carry more weight than a sale that completed three years ago. The sales data is then graphed against a “value curve” — the composition of that curve being decided upon by consensus agreement of the Board. Any discrepancies or aberrations are discussed, and corrected if need be. The final values are then published. Regardless of how it may look, the process places little weight on personal opinion. The “value curve”, at the moment, is a straight percentage based scale (see below for specifics). We’re considering making a separate curve for class-5 Rares, but have not implemented such a scale yet (the theory here being, collectors will typically pay
