Hundreds of pre-1930 cards on Ebay

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Posted By: <b>Mike Snyder</b><p>How does www.707sportscards.com do it??? <br /><br />THere must be 500 cards posted with no bids. Doesnt this cost him a fortune, not selling cards like this? Posting fees must be enormous!

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Posted By: <b>Dave F</b><p>He lists them on like the ten cent listing days. All he has to do is sell a couple cards for way more than they are worth to make up for it...which he does.

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Posted By: <b>Joe D.</b><p>it is a monthly fee as opposed to a per listing fee.<br /><br />not sure though.

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Posted By: <b>brian</b><p>think of all the time it takes to list that many lots! software can only do so much of the work, right?

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Posted By: <b>Bobby Binder</b><p>Has to be all software sorry to say because between 707 and Keppler they have almost 20,000 ilstings of over priced cards.

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Posted By: <b>peter chao</b><p>Brian,<br /><br />I would think that after you put your listing on a file one time, all you need to do would be save the file for future use. The only modification they probably make in the future is to increase (or decrease) the price.<br /><br />Peter

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Posted By: <b>Trae R.</b><p>Scanning that many cards would be one tough job too... must have some sort of feeder or third party bulk scanning service.

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Posted By: <b>Cobby33</b><p>"Over-priced cards" is putting it mildly.

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Posted By: <b>Frank Wakefield</b><p>And if they sell a card or two, it has paid for itself...<br /><br /><br />But who among us hasn't paid way too much for a particular card. I have, for certain. If it is a card that I'm really after that is seldom seen, then the prices that guides and sites suggest are meaningless.

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Posted By: <b>Cobby33</b><p>We all have. But I'm amazed that some of these businesses stay in business, profiting from the occasional, whimsical spontaniety of some of us- especially when they list 36 of the same card.

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Posted By: <b>dennis</b><p>the thing that really is amazing about these listings is why not at least have a "BEST OFFER". i would think a "seller "would like to "sell" a few items? imagine to see all your listings out there with no bids!logically you'd have to figure,gee maybe i'm overpricing this stuff? also if you are a buyer and see all this guys listings w/no bids it does not make you feel good about actually buying something.

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Posted By: <b>Robert Reiss</b><p>The bigger question is "How does everyone else deal with wading through it all?" I can't wait until they all end.

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Posted By: <b>Brian Weisner</b><p><br /> Hi Guys and Gals(Joann and Julie), <br /> I have bought and sold hundreds of cards with Levi and never had a problem. His prices may be a little higher than the market, but he always has the key cards from each set in stock. Some dealers like the quick turn and some wait for the larger return, but that doesn't make one better than the other. Be well Brian<br /><br />

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Posted By: <b>Bobby Binder</b><p>In tracking for the site we ignore those sellers so that it does not get infested with auctions that never sell and people don't want to see. So searching for the cards by player or set is a lot easier.

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Posted By: <b>rand</b><p>I dont mind high prices for tough or key cards, but his prices are 5 times what a common 33 goudey sells for..he want $400 for a common that sells for $80 - 100 on auction. its just rediculous.

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Posted By: <b>Mike</b><p>If Ebay wants to implement a real good policy, on bargain listing days, limit each account to 10-20 listings. Eliminate all the clutter while still promoting business.

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Posted By: <b>Brian</b><p>Limiting each account to 10-20 items would be a ridiculous idea. Levi sold over 500 cards this week during the special. Not only did eBay get 17,000 insertion fees, but they got final value fees on $55,000 worth of cards. There are even some deals to be had from Levi. How about the card that was $75 in his store last week but sold for $250 when five people got into a bidding war. Or the $250 hockey card that you could've had last week but it jumped to $610 during bidding.

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Posted By: <b>Ed</b><p>I find his starting bids insulting. I guess he knows what he's doing.

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Posted By: <b>Brett</b><p>I'd like to know how that seller comes up with those prices...

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Posted By: <b>Dave F</b><p>I would say he looks at recent sales...and adds 35% or so...just like some of the ridicilious prices you see at card shows.

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Posted By: <b>Jason L</b><p>because sometimes browsing Levi's pages can be hard to stomach, but having said that, I recognize that most of my problem is my own jealousies -of his inventory, and as well as his luxury of patience in turnover...I have only dealt with him once, and he was a pleasure...got a couple of cards for me that I had been looking for for about 15 years! I paid up and I got the goods.<br /><br />cheers,<br />Jason L<br /><br />edited to add: there's nothing wrong with testing the market to see what it will bear...and it has been bearing alot more than I would have expected lately....so these strategies are looking pretty smart in this environment!<br />After all, a card is only worth what someone is willing to pay for it. That doesn't have to resemble a price guide (or most recent sales, for that matter)at all - as we are seeing!

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Posted By: <b>peter chao</b><p>Dave,<br /><br />The prices at shows are more forgiveable. Some of the dealers are doing shows on a part-time basis, they may not know the prices. Or alternatively they are collectors at heart and really don't want to part with their cards.<br /><br />Peter

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Posted By: <b>Dave F</b><p>I can't imagine any dealer not knowing current market values for cards...after all if they are dealers that is their career we are talking about..not a side hobby.

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Posted By: <b>Cobby33</b><p>I think that one fails the market test when their inventory shows up week after week after week at the same starting bid. This is not to say that they are ALL unreasonably priced- but I think with some of these sellers, the majority of their stuff simply doesn't move at the prices demanded.

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Posted By: <b>Mike Snyder</b><p>I looked through many of the cards on Ebay as well as the ones on his site.<br />He did have many cards that I desired in the grade desired, but they were grossly off-center. <br /><br />I agree, the prices were ridiculous. I saw few buyers and, at that, they were for the lower priced cards.<br /><br />The prices would be more in line if the cards were of better quality.

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Posted By: <b>Jim Clarke</b><p>Ole Levi at 707. I can remember at the Atlanta National when I was interested in a 5K card. I asked him what is the best price he could do on it and he said "what is the price on the back" I said 5K and he said, "that would be the price then" as he was putting it back into the case. I think he was stereo typing me as I was wearing shorts and a t-shirt. I have never seen him before until that moment... All I can say to Levi is Buh bye..

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Posted By: <b>Mark L</b><p>What is the tee-shirt and shorts stereotype? Isn't that how everyone dresses at shows? More importantly, how should one dress to get a serious price from 707?

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Posted By: <b>peter chao</b><p>Mike, <br /><br />Here's a story on how the hobby has changed. I was at a small Holiday Inn card show recently. I saw a well-centered 1959 Topps Bob Gibson Rookie sitting at a dealer's table which was apparently underpriced.<br /><br />I didn't want to take advantage of the dealer so I told him that it was difficult to find well-centered Bob Gibson rookie cards and perhaps his price was too low. After a little thought the dealer agreed with me, then I asked him how much he wanted for the card, at this point the dealer told me he didn't want to sell me the card. Not only that but he wanted to continue displaying the card in his case. <br /><br />This just proves to you the truth in the old adage, "No good deed goes unpunished." <img src="/images/happy.gif" height=14 width=14><br /><br />Peter

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Posted By: <b>scgaynor</b><p>"I can't imagine any dealer not knowing current market values for cards...after all if they are dealers that is their career we are talking about..not a side hobby."<br /><br /><br />That is an interesting statement. The current market value for post-1948 cards is pretty easy to determine, just check out prices realized on ebay.<br /><br />However, it is not that easy when it comes to pre-war cards or high grade cards that don't change hands often. I don't know that there has ever been a time in the hobby when trying to determine the current market value of items like that has ever been harder. That is one of the main reasons that people use the auction format when selling. Prices are all over the place (but typically higher that one might think and not lower). They same applies to all areas of Sports Memorabilia. <br /><br />As a dealer I have always found that the best thing to do is just mark it up a bit, sell it, and move on to the next piece. <br /><br />Scott

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Posted By: <b>Dave F</b><p>Sorry to differ here..but I must. I hardly think today's climate makes for it being that difficult for dealers to see what current prices are for pre-war cards...instead, much easier. Dealers either know the current values....or for some reason all seem to get lucky as heck marking things up just above current values. <br /><br />It's also just as easy for any dealer to subscribe to one of the pay services....much easier and quicker than trying to look up things in out of date old price guides.<br /><br />Edited to say..when your talking about items that don't come up that often...how many dealers are currently trying to sell E107's? Most of what they have is exchanged through transaction enough it is rather easy to tell price values IMO.

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Posted By: <b>barrysloate</b><p>Dave- I have to agree with Scott here. I sell vintage cards full time and it is very hard to keep up with prices in such a volatile market. That's why I auction just about everything- the market knows the value better than I do. Sure, I can distinguish a rare card from a relatively common one, but coming up with an exact price can be tough.

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Posted By: <b>Dave F</b><p>Barry...but most dealers aren't selling E107's or Just So Tobacco's....I would just have to think when they are selling T206's...they certainly know the ballparks that these cards are going for...<br /><br />It's funny to me if a dealer says they can't keep up with current values...they tend to always list things way above current value...seems every once in a blue moon they would miss on one and have one for sale for under....if they do I certainly don't ever see those...

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Posted By: <b>barrysloate</b><p>I know the general value of most cards, and certainly know which ones are tougher than others. But sets seem to get hot overnight and it's hard to keep up.<br /><br />Today I was writing up some lots for my next auction and one of them was a T206 Miller Huggins with an upside down back! Now how in the world could I tell you what the added premium will be because the back was inverted? I have no idea. I suppose, as you say, the guy who sets up at every show selling more or less the same things would know the market pretty well, but the vintage market is so diverse with so many rare cards and obscure variations that it just isn't always that easy.

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Posted By: <b>Dave F</b><p>I totally agree on a case such as a Huggins with an upside down back...as well as any of the rare cards...would be impossible to pinpoint prices for any of that. <br /><br />However someone like Levi...he isn't exactly selling anything rare that I've seen and he knows what the cards are really worth. Obviously though they are worth whatever someone will pay for them...so if he sells one out of a hundred that way...good for him.

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Posted By: <b>Dave F</b><p><br /><br />"Dave,<br /><br />The prices at shows are more forgiveable. Some of the dealers are doing shows on a part-time basis, they may not know the prices. Or alternatively they are collectors at heart and really don't want to part with their cards.<br /><br />Peter"<br /><br />One other thing Peter...if a guy is really a collector at heart and doesn't wnat to part with his cards than what in the world is he doing paying for a table at a card show?<br /><br /> <br />

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Posted By: <b>Dave F</b><p>I'm not really grouping you in with a Levi obviously. You run clean auctions...what he does is far from that...and I don't mean that to say he isn't honest...he may be...he just has his head a little higher in the clouds. More than likely the PSA 5 T206 Jimmy Collins with a regular Piedmont back that he tries selling for $525 is a card that he purchased himself for $200.

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Posted By: <b>Cobby33</b><p>Good question...I've had the same experience, without doing the good deed Peter did. I've seen many dealers put out "their" cards that are not for sale and only bother to tell you then after you ask how much they want. Or- they'll say that they're not inclined to sell it, unless you make them a "ridiculous offer." Whatever.

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Posted By: <b>Mark</b><p>It seems obvious to me that Levi needs to charge more than other sellers because he has more into his cards. How else can he hope to recoup the 10+ insertion fees he's incurred on many or most of his 17,000 cards?

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Posted By: <b>Josh Adams</b><p>More than likely the PSA 5 T206 Jimmy Collins with a regular Piedmont back that he tries selling for $525 is a card that he purchased himself for $200.<br /><br /><br /><br />Dave, not trying to be argumentative, but what is so wrong about that? I say, get as much as you can!

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Posted By: <b>barrysloate</b><p>I don't know Levi personally but there is nothing unethical about asking too much for an item; the buyer can always pass.<br /><br />When I have something for sale I like to sell it, period. That's why I start my ebay and catalog auctions with very low opening bids and let it roll. 95% of the time I am more than pleased (an occasional disappointment will pop up for sure). The business model Levi uses wouldn't work for me. I couldn't imagine pricing things so high that virtually nothing sold. That baffles me, but I guess he has a reason for doing it. He's been selling cards for a long time, so I assume he makes enough to justify it.

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Posted By: <b>leon</b><p>To say a dealer knows the prices/values of all esoteric cards in the pre-war category is, to say the least, not realistic. Sure a T206 common in vg is probably easy to give a close approximation. But take any of the more obscure stuff and forget about it...ya never know. I can't say how many times I have been surprised at how much something has sold for in the last few years. I feel like I follow the market for obscure stuff almost as much as anyone and I still don't have a clue half the times. On the Levi 707 subject I would say I have done 10 deals with him...never paid full price but usually close...and he has always been very pleasant. No excuse for being rude and I am not making one for him if he was. I know I have been rude before but try not to be too often. On the subject of bringing cards to shows that aren't for sale I used to bring part of my collection to the National for show and tell. I had numerous people tell me they really appreciated me doing it and loved seeing them. After the first year I made little sign saying they weren't for sale. Before that Scott B wasn't too happy with me.... <img src="/images/happy.gif" height=14 width=14>.....Everyone would ask him how much for so and so....only for him to tell them they weren't for sale. That must have been sort of a downer but I did rectify it at future Nationals. Now I don't do it so I can drink more beer and not think about having the liability of having them with me...regards

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Posted By: <b>barrysloate</b><p>Leon- in your case you were bringing your collection to show so it's pefectly reasonable to say "not for sale."<br /><br />But for Levi isn't that his business? He has to sell material to make a living. Pricing it at the level he does is hard to figure. And who would want the same inventory show after show, sale after sale? I guess to each his own.

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Posted By: <b>Dave F</b><p>I don't at all disagree with get as much as you can. Sounds great to me...I try to do it myself on my limited budget I have for cards. I do think though someone like Levi who may put 15,000+ cards on ebay would probably do a little better if he even went down to 10% over what the cards go for. He's a big time dealer..reputable, and I think would have alot more sales that way. I would agree with a prior statement about "why wouldn't he at least but a space for best offers along with his BIN's...but I guess the time it would take to go through best offers for that many cards is just unrealistic unless he has a 15-20 man staff. <br /><br />Leon...I'd be curious to know when most of your deals with Levi went through...were most prior to your time as the moderator here or afterwards? My own experience I've never got him down in price at all....would just be curious if being the moderator of something with alot of pull like this board would sway him to bend his own rules a little with you?

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Posted By: <b>Bobby Binder</b><p>Barry,<br /><br />I guess it is all a waiting game for Levi....you know what he has and the price he wants for it. And every show and 3 months on eBay you get to see the same card again and again that you need. So eventually a few people cave in and give him what he wants for the card.

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Posted By: <b>Brian</b><p>I'm sure Levi's not hurting. If he's in a cash crunch, he can just liquidate any one of his ten 52 Topps Mantles and survive another day.

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Posted By: <b>barrysloate</b><p>Apparently it works for him, but you have to be able to tie up an incredible amount of money. I need more of a cash flow.

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Posted By: <b>Cobby33</b><p>Most people in my reality do...

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Posted By: <b>leon</b><p>Levi might not even know about the board or that I am the moderator. I have rented cases from him, with Scott, at the last several Nationals so that might play into it. I have done deals long before I began moderating and also since I have. Like I say it wasn't a lot but usually about 10%....At the last National I made a deal on a Gasslers bread card right when Ted G walked up to buy it....I really don't think he thinks of anything except business when doing deals....as most business people should. I have always had a good rapport with him so that might help too. I know I will sometimes make a better deal for someone that is nice over someone that is an arce....regards

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Posted By: <b>Brian</b><p>A price break from Levi isn't unheard of. I've called on cards from his site, offered to send a MO or check, and received 5-10% off...higher end of the range if multiple cards were involved.

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Posted By: <b>peter chao</b><p>A discount of 10%. So if Levi charges twice the market price. Then with the discount your only paying 80% more than the market price. That's not bad. <img src="/images/happy.gif" height=14 width=14><br /><br />Peter

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Posted By: <b>Darren</b><p>I've bought several cards from Levi over the years and have not been disappointed.

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Posted By: <b>peter chao</b><p>Darren,<br /><br />Here's the problem, everybody can afford to overpay once in a while. However, I tend to buy hundreds of cards from dealers I trust and get a good deal from. I certainly don't want to overpay on a hundred cards.<br /><br />707 and dealers like that have good inventory, but their inventories aren't any better than the people I'm presently dealing with so as far as I'm concerned there's no reason to shift my loyalties.<br /><br />Peter

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Posted By: <b>Dave F</b><p>Its not really a problem in my eyes..The biggest problem is having to sift through all his cards on ebay to find real auctions.

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Posted By: <b>Dylan</b><p>If a seller wants to list 20$ cards for 200$ on his website, more power to him... it does get a little annoying sifting through these BIN on ebay however. I dont really know what Levi has for sale. If its an obscure item i can understand having a high price, but if their cards that trade hands often I dont see how a vast markup can be justified. In the end its his cards and his listing fees being paid so i dont really mind.<br />As for dealers placing cards in their case just to show off, thats cool, but itd be nice to actually place something in the case saying their not for sale just for show and tell. They probably think the'll attract more attention to their case by having these cards shown regardless of if there for sale, and their probably right.

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Posted By: <b>Tim Newcomb</b><p>The poster above who questioned the statement that dealers wouldn't always know the prices of vintage cards must not have been to many big shows. A huge part of the fun of the National (other than seeing n54 friends) is finding great stuff that's grossly underpriced-- exactly because the dealer isn't aware of what he has (or how much it's gone up recently). <br /><br />Sure, most show prices are high, but there are also plenty of bargains at good venues. A great many part-time dealers (people who do a few shows a year) don't take the time to update their prices every time they go. They know what they have in the cards, and are willing to let them go for their initial selling price, which in a market like this one has been, will almost always represent a healthy profit if they bought the cards even a year or two ago. Thank Goodness this is true or ordinary collectors like myself would be pretty much SOL! <br /><br />A couple of examples that come to mind:<br /><br />-- 3 Star Player Candy cards (value ~ $750) bought from the $5 box of a well-known dealer who specializes in Topps stuff. He didn't know what they were, much less how much to ask for them <img src="/images/happy.gif" height=14 width=14><br /><br />-- E97 Keeler and Cy Young bought for less than half then-market value from a lovely older couple who has been selling for many years. They are perfectly knowledgeable about the cards themselves, but don't have the time to check SMR every other day. They knew how much they had in them (probably very little) and were content to get my $700 for them. (It also helps if you are repeat customers, but I did pay their sticker price minus the standard show discount.)<br /><br />-- my find at the 2001 National of 290 sharp-looking T206s (including 50+ HOFers and Southern Leaguers) for $1000. (That's not a misprint.) This was late on Saturday. The sellers were part-timers breaking up a set. They had sold nearly half of it by Saturday 5 PM, had already made a nice profit, and wanted to get on home. I was lucky enough to be the first person to walk by after they put out their "closeout" sign. Super-nice-guy dealer Ron Barrett lent me the cash to buy it! <br /><br />I've got dozens more of these written down at home. I don't think I'm unusually adept at finding stuff like this. Everybody who goes to shows (who isn't looking only for a few very specific things) has these stories. <br /><br />There are just too many sets and too much fluctuation in prices for anyone to follow all vintage card prices unless they want to make it a full-time job. As I said, thank goodness! <br /><br />Tim

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Posted By: <b>shane</b><p>Some of you guys just don't get it. Who cares how Levi prices his cards or how he conducts business? What business is it of yours to evaluate how he operates? Don't buy from him if his prices are too high. Here is a secret that might explain his pricing. He has more money than all of us put together multiplied by 3. His inventory is second to none. He sells plenty to get by and he enjoys being in this business. He is a great person, a fair person and one that will be around for a long time. <br /><br />Regards,<br />Shane

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Posted By: <b>barrysloate</b><p>Shane- this is a chatboard and forum to discuss baseball cards and various hobby issues. Discussing a dealer or auction house is fair game. Nobody attacked him, and as I said earlier, there are different business models and the one he uses wouldn't work for everyone. I don't see where anyone went over the line.

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Posted By: <b>Joann</b><p>Shane,<br /><br />I don't think anyone is really arguing with 707's right to run their business. Several posts upthread have specifically said they can price cards any way they want. I think the issue that this pricing, in combination with ebay dump days, creates a lot of clutter for normal ebay cruising.<br /><br />Suppose I had 2,000 T206 commons in low grade, priced them at $700 each and dumped them all on ebay 3x per year. Not only would that be irritating, but one could also argue that it approaches intentional interference with ebay's listings and with the concurrent auctions of smaller sellers.<br /><br />There is a point at which listing hundreds or thousands of cards at prices for which they cannot reasonably be expected to sell goes from a nuisance to an interference. And yet the simple return argument in the hypothetical above would be that I have the right to price my cards as I see fit, and that should be the end of the discussion.<br /><br />I am not suggesting that any dealer is intentionally interfering with ebay. Obviously. But I am saying is that you can describe a place where a line has been crossed, and there are people here that feel like some dealers' practices are at least rising to the level of discomfort.<br /><br />But no one is saying they don't have the right to price their cards.<br /><br />Joann

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Posted By: <b>shane</b><p>Joanne,<br />I agree with what you are saying. There are some people who are dealer haters and try to expose every fault or non-material issues of a dealer, like Levi, just to run them down. What they list on eBay is there choice and if it clutters up the board, sobeit. He is paying to advertise cards through eBay just like the rest of the world. <br />Barry,<br />Anytime a dealer is mentioned there are always going to be the rock throwers that jump in. It is really easy for these guys to bash people on an open forum sitting behind their computers. If you don't like the dealer or person, just ignore them and move on.<br /><br />Shane

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Posted By: <b>barrysloate</b><p>There's no question it's a lot easier to criticize somebody online than to his face. But was Levi being unfairly bashed? I agree with Joann that anytime ebay offers 20 cent day, the various categories get jammed with endless unsellable material. It is his right to do it, but it is equally our right to find it in some way objectionable. Collectors have just so may hours in the day to search for cards and all the clutter wastes much of that time. Can't collectors express their disapproval? I don't think it's a big deal. A lot worse has occurred on this board.

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Posted By: <b>bill latzko</b><p> Here's what is important to me and what is NOT. I couldn't care less how many listings he does if EBAY allows it. I also don't care what he sells a card for as the Collins example given based on what he paid for it.<br /><br /> I DO care that my fiancee(now wife) were helped by him at the National a few years ago when others did not. I DO care to notice that when another exhibitor was having some trouble with his table, one person went over to help him--why I remember this I have no idea. That person was Levi. I DO care that he seemed to care about being with his several children with him and that while my observations were limited, that ranks a helluva lot higher than less important things in life.<br /><br /> Once again , on a final and hopeful humorous note, it would be nice if he was more flexible for me on the t205 PSA 6 Quinn to upgrade my psa 5!!!!!!!!<br /><br />PEACE NOW!! bill latzko

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Posted By: <b>Cobby33</b><p>I have bought from (and sold to) 707 and have always found them to be nice to deal with.<br /><br />I will echo Barry, Joann, et al.'s comments that nobody is trying to bash anybody. As much as it is a dealer's right to continually price some/most of their inventory above market and "flood" eBay with their listings- it is others' right to comment on these practices. It's a discussion and that's what this Board is for. Discussions.

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Posted By: <b>Richard Wong</b><p>This happened a couple of years ago when I was first starting to get into vintage cards:<br /><br />I was selling a goudey gehrig in my ebay store about 2 years ago. I get an email from Levi asking about the price. We go back and forth a little and we settle on a number. He then says for me to ship him the card, he would examine it and if he liked it he would send me my payment. <br /><br />Huh?<br /><br />I replied that I didn't know him and that I would not be comfortable sending a couple thousand dollar card in the mail to someone I didn't know, have never dealt with before or had ever heard of, website or no website. (keep in mind this is before I started heavily in prewar) Typically, on ebay, a buyer would send payment and then the seller sends the goods. I also had large clear front and back scans of the card up in the ebay listing.<br /><br />He tells me that this is the way he does business and has always done business. Everyone sends him the cards first. If I didn't get used to "the way things really work in the card business", I would soon be out of it.<br /><br />That was literally his answer to me. <br /><br />Needless to say, I did not complete the transaction with him.<br /><br />Maybe he is a good guy. Maybe not. Maybe I caught him on a bad day. Maybe not. I guess everyone's experience is a little different.<br /><br />The way he treated me, though, on that particular day, left a lot to be desired.

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Posted By: <b>Larry</b><p>&lt;He tells me that this is the way he does business and has always done business. Everyone sends him the cards first. If I didn't get used to "the way things really work in the &lt;card business", I would soon be out of it.<br /><br />Maybe everyone can ship their collections to him so he can "cherry pick" them? Maybe he thinks most collectors are retarded?<br />

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Posted By: <b>Dave F</b><p>Ok..now this is getting into a bashing Levi thread...and totally uncalled for. I don't like his prices, and I won't buy from him based on his high prices and his refusal to come down for me at all....but why start the childish bashing? Ridicilious.

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Posted By: <b>Jim Dale</b><p>While chatting about all of his listings you might want to take note of his sales. I have not looked lately but the last time I did he sold more then a few "over priced" cards so it makes up for the listing fees and software necessary to load up hundreds of auctions. Its really quite amazing....sometimes people will over pay.