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-   -   REA - how'd ya make out? (http://www.net54baseball.com/showthread.php?t=272540)

Hankphenom 08-21-2019 09:36 AM

Quote:

Originally Posted by Natedog (Post 1910184)
I consigned the WaJo 20th Anniversary letter and ribbon. They are very nice - the letter is in great shape for its age and the ribbon is practically flawless. I thought they would go for much more. I kept waiting for the bidding to pick up, but it never did. I think you got a great deal and they'll look great framed!

Thank you, together they make a great WaJo item and it found the best home possible. I do have a question: did you get them together, and as far as you know, have they always been together? They were mailed out that way in 1927, and one of the things I liked about this lot was the possibility that they've come down through the years still together as issued. As for the price, the final tally including premium is exactly on target as I've tracked these over the years. The letter in good shape goes for about a grand, and the ribbon separately for $200-300. My bid--and it did hit my maximum--is what I would have paid for these at a show. Your problem is that once the consignor's fee is taken out, your take ends up below market. It does look like I had one other bidder testing my maximum for the last several bids, though, so it could have been worse! Looks like overall this was a soft auction, and who ever knows why that happens? Summertime, disgust with events in the hobby, softening economy, a combination of those? Those of us who have consigned to a lot of auctions over the years are used to frequent disappointment and an occasional "shoot the moon," but the one constant that keeps them going is that you send them your item and you get a check, done and done. And at least with REA you can never argue that whatever your items ended up at, that didn't reflect the true market at that time. If they didn't do well, nobody would have done better. Thanks again for the wonderful stuff, Nate, and know that they will be well taken care of and appreciated.

Hankphenom 08-21-2019 09:43 AM

Quote:

Originally Posted by MVSNYC (Post 1910206)
I'd be shocked if there's bidders out there who don't factor in BP/tax, etc. If they aren't, I feel bad for them. When I note/remember prices I paid for things, it's always including BP...that's what I had to lay out for the item!

Yes, I can see that happening ONCE to a bidder, a learning experience as others had said! I always ask myself what I would pay for it at a show, then figure in the BP to calculate my maximum bid.

Scott L. 08-21-2019 09:59 AM

Quote:

Originally Posted by Bicem (Post 1910240)
Agreed, although I get the sales tax thing since that creates an uneven playing field.

It certainly does suck that I have to factor in a 26% premium (20% + 6% PA sales tax) and folks in other states just pay the straight 20% When you try and stick to a budget and your bidding on items that are 2 and 3k that extra $150-$200 can make a difference. And I'm small time. What about the people that are playing in the upper ends. That's a huge hit. I assume every state will be collecting their tax in the near future though if they aren't already.

I bought a card off ebay today and I was checking out and I looked at the tax and did the math in my head and said that's not 6% it's 8%. Why am I paying 8%? Then I looked where the seller was from and they happened to be in Philly where there's an additional 2% tax so they are collecting that too!

I would love a running list of the email addresses of guys who sell on ebay to make it easier to try and buy off of it.

barrysloate 08-21-2019 10:10 AM

What sucks is having to pay nearly 9% tax, as we do in NY, and going head to head against someone who doesn't have to pay it. That leaves you at a full increment disadvantage on what becomes an unlevel playing field. But there is nothing you can do.

bxb 08-21-2019 10:36 AM

Quote:

Originally Posted by barrysloate (Post 1910257)
What sucks is having to pay nearly 9% tax, as we do in NY, and going head to head against someone who doesn't have to pay it. That leaves you at a full increment disadvantage on what becomes an unlevel playing field. But there is nothing you can do.

Move to another state.

barrysloate 08-21-2019 10:50 AM

Actually, I have a second home in Florida and I do not get charged sales tax. But we are not always there.

calvindog 08-21-2019 10:53 AM

Quote:

Originally Posted by barrysloate (Post 1910265)
Actually, I have a second home in Florida and I do not get charged sales tax. But we are not always there.

You just need to be there for 51% of the year.

barrysloate 08-21-2019 11:28 AM

Quote:

Originally Posted by calvindog (Post 1910266)
You just need to be there for 51% of the year.

We're a little under 51% right now, but we're working on it.

perezfan 08-21-2019 12:11 PM

Could be worse... WA is 10%

As for the inequity vs. bidders in other states... Is there a projected time-frame in which ALL states will be required to pay sales tax? This "staggered" start is killing us in Washington (first with eBay, then HA, now REA).

Exhibitman 08-21-2019 12:45 PM

Quote:

Originally Posted by Bicem (Post 1910240)
Agreed, although I get the sales tax thing since that creates an uneven playing field.

Not for long; nearly all of the states have enacted rules that require AHs to collect the tax from the bidders. I had it added to my invoice from REA. Which is fine since I have to pay the use tax anyway if I am not charged for sales tax.

Exhibitman 08-21-2019 12:56 PM

Quote:

Originally Posted by perezfan (Post 1910287)
Could be worse... WA is 10%

As for the inequity vs. bidders in other states... Is there a projected time-frame in which ALL states will be required to pay sales tax? This "staggered" start is killing us in Washington (first with eBay, then HA, now REA).

From what I read on eBay, each state passed its own law with its own trigger dates. I got a circular recently from the sales tax people here in Cali. Our state does everything on the basis of its fiscal year (7/1-6/30), so taxes and fees adjust or kick in usually in July or October (Q1). In our case, the state is requiring 'marketplace facilitator' sales tax collection starting October 1, 2019. REA might have jumped the gun but I don't care since I have to remit use tax regardless, so whether they collect and remit or I do, it is the same damned thing.

If you are a reseller and you are buying inventory you should be able to provide a resale permit and certificate to eBay and any AH and that should exempt you from paying sales tax up front. I've filed with eBay already.

Jcfowler6 08-21-2019 01:49 PM

Congrats on all of the winnings guys. I was the underbidder on many items listed.

Here’s mine.
https://uploads.tapatalk-cdn.com/201...93bcc857ac.jpg
https://uploads.tapatalk-cdn.com/201...1fa2cb213e.jpg


Sent from my iPhone using Tapatalk

Snapolit1 08-21-2019 03:31 PM

Quote:

Originally Posted by Peter_Spaeth (Post 1910238)
It's astonishing to me that so many people over the years don't seem to understand this. I still hear things like I won't bid in that auction because I don't want to pay a 20 percent premium.

My point was actually not whether people who buy something forget to factor in the 30%, but whether folks are looking at an item they didn't bid on at an auction and comment it "went cheap" are always appreciating the actual sale price vs. the hammer price. I assume they guy who bought it remembers the 30% or whatever it is.

BeanTown 08-21-2019 03:40 PM

Maybe we will see AHs absorb some of the cost soon. Buyers now have to factor in TAX. I thnk they should reflect that to the hammer price to see for future sales. Lets bring the BP (buyers premium) back down to 10-15 percent. And while we are at it, all AHs should use a private insurance company to pass on to the buyers. Instead of passing on actual Fedex or UPS insurance cost which is another 3-5 percent of the declared value.

oldjudge 08-21-2019 03:54 PM

This is an REA thread and REA charges $20 all in for shipping. Hooray for them.

Snapolit1 08-21-2019 04:04 PM

Quote:

Originally Posted by oldjudge (Post 1910352)
This is an REA thread and REA charges $20 all in for shipping. Hooray for them.

And they ship quickly. Great customer experience.

Bicem 08-21-2019 04:39 PM

Quote:

Originally Posted by BeanTown (Post 1910349)
Maybe we will see AHs absorb some of the cost soon. Buyers now have to factor in TAX. I thnk they should reflect that to the hammer price to see for future sales. Lets bring the BP (buyers premium) back down to 10-15 percent. And while we are at it, all AHs should use a private insurance company to pass on to the buyers. Instead of passing on actual Fedex or UPS insurance cost which is another 3-5 percent of the declared value.

No chance AH's start reducing their BP's to offset tax, why should/would they take on that burden? Guessing they all already have private insurance, the shipping costs they charge you help offset the policy costs, not just the actual shipping expense.

Maybe not REA though, shipping costs were extremely fair, looks like they are just covering actual shipping costs.

CMIZ5290 08-21-2019 05:52 PM

Quote:

Originally Posted by RedsFan1941 (Post 1909756)
one of the nice things about t206s is that they can always be found in affordable grades. nice job.

This from a moron that knows squat about T206s.....

Jeff_cvc 08-21-2019 10:16 PM

It’s something...
 
1 Attachment(s)
I’ve been selling off a good portion of my collection for the past couple years. Just recently, tides are turning, and I’ve made my first few purchases in a very long time. I’m starting slowly, but got one pick-up in REA. It wasn’t much, may have slightly overpaid, but I’m excited to actually be on the collecting side again.

Attachment 363275

Jcfowler6 08-22-2019 08:34 AM

Quote:

Originally Posted by Jeff_cvc (Post 1910435)
I’ve been selling off a good portion of my collection for the past couple years. Just recently, tides are turning, and I’ve made my first few purchases in a very long time. I’m starting slowly, but got one pick-up in REA. It wasn’t much, may have slightly overpaid, but I’m excited to actually be on the collecting side again.



Attachment 363275



Congrats Jeff. Good start back.


Sent from my iPhone using Tapatalk

Jeff_cvc 08-22-2019 08:43 PM

Quote:

Originally Posted by Jcfowler6 (Post 1910507)
Congrats Jeff. Good start back.


Sent from my iPhone using Tapatalk


Thanks Jon!

T_Hamilton 08-23-2019 12:09 PM

1 Attachment(s)
Grabbed this Cobb for my growing Cobb collection... missed out on the 1926 World Series ticket which I wanted... oh well, next time!

cubman1941 08-23-2019 01:46 PM

I got the two 1907 Grignon Chicago Cubs Postcard John Kling and Frank Schulte which will go nicely with my others.

rats60 08-23-2019 01:55 PM

Quote:

Originally Posted by Snapolit1 (Post 1910355)
And they ship quickly. Great customer experience.

Yes they do. I received my winnings today.

Rhotchkiss 08-23-2019 03:35 PM

I got my card today. REA is super awesome, especially when it comes to shipping. Thanks Brian!

Mark 08-23-2019 03:39 PM

Quote:

Originally Posted by Jcfowler6 (Post 1910319)
Congrats on all of the winnings guys. I was the underbidder on many items listed.

Here’s mine.
https://uploads.tapatalk-cdn.com/201...93bcc857ac.jpg
https://uploads.tapatalk-cdn.com/201...1fa2cb213e.jpg


Sent from my iPhone using Tapatalk

Nice Group!

Republicaninmass 08-23-2019 07:22 PM

Now who bought thise ruth patent and proof cards?

Some serious rarities there!

Yoda 08-24-2019 03:43 PM

One hit: N43 A&G Getzin.

thanksjoe 08-25-2019 08:03 AM

Got the e90-1 adie joss pitching, totally going on my son's wall. Would love to get a willie keeler throwing someday, another great horizontal pose... probably the best pose esthetically

and e106 psa 4 Evers tie for highest graded...pumped about that card because it is a huge upgrade for my collection and same card sold on heritage a couple years ago for 1.2k. Great condition for such a tough set. I got it for much less thank goodness.
https://bid.robertedwardauctions.com...e?itemid=57835

Alexcards 08-25-2019 01:13 PM

REA pickup
 
2 Attachment(s)
I was able to pickup a couple more T213 Type 2 Coupon Red Cobbs. Love these and think they are undervalued.

PSACJ 08-25-2019 06:18 PM

1 Attachment(s)
I won this Zach Wheat Conlon Type 1 for my collection!

Aquarian Sports Cards 08-25-2019 06:25 PM

Quote:

Originally Posted by Alexcards (Post 1911444)
I was able to pickup a couple more T213 Type 2 Coupon Red Cobbs. Love these and think they are undervalued.

I'll have one in my upcoming Prewar Auction. I agree with you, even the type 2 is tougher than any T206 Cobb.

kdixon 08-27-2019 06:54 PM

Love the Wheat .

PSACJ 08-27-2019 10:54 PM

KDixon,

Thank you. I’m super happy I was able to add it to my Conlon photo collection!

eliotdeutsch 08-28-2019 04:20 AM

So who won the raw T205 lot?

LOUCARDFAN 08-29-2019 01:57 PM

1 Attachment(s)
I picked up this one-of-a-kind gem.

Bicem 08-29-2019 02:15 PM

Love it Todd!

GregZakwin 08-30-2019 11:20 AM

Quote:

Originally Posted by PSACJ (Post 1911535)
I won this Zach Wheat Conlon Type 1 for my collection!

Absolutely beautiful!

bounce 08-31-2019 06:46 PM

I snagged these, very pleased with every one of them. Ended up being a super auction for me.

Working on a card for each HOFer, and just think these are super cool. They're actually a little bigger than I expected.
https://i.imgur.com/9OjK5zql.jpg

Thought this lot went a bit cheap, especially considering the Bender trees was an EPDG and its one of 6 at the grade with none higher.
https://i.imgur.com/aNPDDAyl.jpg
https://i.imgur.com/rxMqh3Yl.jpg
https://i.imgur.com/AW7xudZl.jpg

Laj looks WAY better than a 2, couple spots of glue residue I think are what does it (mostly on the back, just a bit on the front bottom right). Sovereign back is somewhat uncommon, thought this was a really good value considering the eye appeal.
https://i.imgur.com/ZN1Kt1gl.jpg

I feel like this is a very underrated card of Matty, I bid on all three but someone wanted that other one just a bit more than I did. I was pleased being underneath that one on these, though - great consolation prizes.
https://i.imgur.com/fkvke2kl.jpghttps://i.imgur.com/Iku0Vwyl.jpg

Finally, this was the highlight of my auction. I don't think I've seen another Young portrait with this rich of a green background. Sovereign back again is relatively uncommon. Was really happy to win it, and just as happy if not more now that it's in hand.
https://i.imgur.com/jksKvcEl.jpg

mechanicalman 08-31-2019 07:51 PM

David, you did well. Congrats! That Cy is killer.


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