The idea is that Listia doesn't use money, which is to say it does, if you want to purchase credits. You can earn credits through free actions (surveys mostly), but the only other way to get credits is to buy them outright from Listia, earn them through a purchase from a 3rd party vendor, or gain them from other people when you sell. Try as they may, there is a dollar amount attached to these credits. Sure, you have a way to earn some free, but these credits are just like the chips at a casino - a representation of real money. So in that train of thought, some of the things you find for sale just blow my mind. If you look at Listia's "buy now" of credits, you can, with simple math, say that $1 in Listia-land converts to 300 credits. Yes, you can buy in bulk to get that ratio different, but that will be my watermark in the basis of this post. Also, forgive me quoting Becketts, but we need some kind of firm-ish base to compare against.
Here are a few recent auctions that were on Listia and really made me scratch my head as to how much the seller is either incredibly stupid, or hopes the buyer is.
Let's start with a 1977 Topps card of the amazing superstar Milt May. I know, that was mean to say, as Milt was anything but a great star. But when the cost of a middle career card is over $6.50, he must be great, right? Not when Beckett considers this a common worth 12 cents.
OH MAN!!! A whole sealed set of Fleer update for the low price of $25. This thing is LOADED with rookies, cuz it must to be priced that high, eh? Just a Big Hurt rookie, worth two bucks at best in a set that is only valued at 4 bucks.
Okay - a 300 win pitcher. Hall of famer. Card issued the year after he won #300. Worth $16.66? Not for a card that you should pull from a dime box.
Math...math...math. That comes out to over $133 for a blaster of Chrome. My Target and Walmart are losing money selling them for just $20.
This auction is the one that started my crazy seller hunt on Listia. 222,222 credits for a signed 1969 Rollie Fingers card. It is in a hard case, but not authenticated nor graded. If you haven't done the math in your head, let me save you the trouble - 740 dollars, 74 cents. Becketts puts this card at $40 in mint condition. I wonder if Mr. Fingers realizes his autograph is worth $700.
Listia - the crazier version of eBay.