Is the business model that people send him the cards and he sells/auctions everything as a one man show? The concept is interesting. It won't be like those brutal AH endings. Lots close one by one with that interesting extended bidding rule. As long as the auction lots are staggered and don't all close at the same time as AHs do, then it could work. The only thing that seems off is the income.
In sports collectibles, eBay currently charges a 13.25% seller’s fee plus an extra 2.35% for items selling for more than $7,500.
Under the current formula, a seller of a $9,000 item on eBay would make $7,433. With Probstein’s snype, that same item at the same cost would net the seller $8,730.
Something doesn't add up with those numbers. 3% net to Probstein and the rest to the seller? That must be one very efficient web presence. If the commission is around 3%, I wonder how much business that's going to drum up. I'm sure there will be other things that will increase the overall fee beyond 3%.
Crash and burn? Break even and have to increase fees to 6%? Huge success? This should be interesting to watch.
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fr3d c0wl3s - always looking for OJs and other 19th century stuff. PM or email me if you have something
cool you're looking to find a new home for.
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