PWCC Boggles the Mind. New Auctions

cgjackson222 · #1 12-24-2021, 06:18 AM

Quote:

Originally Posted by BobC

Yes, in 2018 the SCOTUS upheld South Dakota against Wayfair and determined that a seller no longer had to have a physical presence (inventory, employees, store, etc.) before SD could legally force that seller to collect and remit sales taxes on sales to customers in SD. The SCOTUS agreed with SD's threshold for out-of-state sellers to have to start collecting SD sales tax once they reached $100,000 of gross taxable sales in a single calendar year, or had 200 or more taxable sales transactions to SD customers, also in a single calendar year. Once that happened, other states with sales taxes started changing their sales tax laws to be more in line with what the SCOTUS approved in SD.

So of course, larger AHs and sellers will more easily reach whatever the revised annual sales and/or transaction thresholds are in all those other states (and SD) than will smaller AHs and sellers that don't have as much sales or transaction volume.

So all these AHs and sellers now have to keep track of their gross taxable sales and the number of sales transactions they have each year on a state by state basis, so they can tell when they might finally reach and go over a particular state's sales tax thresholds. And once they've crossed over one of a particular state's thresholds, generally they are then legally required to register with whatever group or department oversees sales taxes in that particular state, and to then start charging, collecting, and remitting sales taxes on all taxable sales to customers in that particular state going forward. And once a seller/AH has to start collecting sales tax in a particular state, they don't generally get to stop being liable for collecting it in subsequent years should their gross taxable sales and transaction volume fall below the thresholds.

The smaller AHs and sellers are always going to be required to collect sales taxes in states they are located in because they have an actual physical presence in those states.

Got it, that makes sense. Thanks!

irv · #2 12-24-2021, 07:31 AM

I agree. The BP should be shown/included when bidding.

Although I have only bid on a couple/few items from an auction house, imo, the process should be as seamless and friendly as possible since the AH's main objective is to attract potential bidders and keep them coming back.

Like any business/store, etc, when things are difficult to find and spread all over the store without any semblance of being organized, easy to find, making the purchasing process as easy as possible, I can't help but believe that that business/store might not be in business for long, or it sure won't get the customers that another store that does the opposite of those things will see.

Just my .2 cents, for what it's worth.

bnorth · #3 12-24-2021, 07:49 AM

The main thing I understand selling is if I sell a $1000 item on eBay I get approximately $875 after fees. Now if that same $1000 item sells with the usual 20/20 AH pricing I get approximately $665. That makes it an expensive service but worth it to many to not have to deal with eBay.

Jay Wolt · #4 12-24-2021, 08:00 AM

Quote:

Originally Posted by bnorth

The main thing I understand selling is if I sell a $1000 item on eBay I get approximately $875 after fees. Now if that same $1000 item sells with the usual 20/20 AH pricing I get approximately $665. That makes it an expensive service but worth it to many to not have to deal with eBay.

I deal w/ many auction house & not one charges me any sellers premium.
& most of my consignments is lots under $1000

Sterling Sports Auctions · #5 12-24-2021, 09:37 AM

Quote:

Originally Posted by bnorth

The main thing I understand selling is if I sell a $1000 item on eBay I get approximately $875 after fees. Now if that same $1000 item sells with the usual 20/20 AH pricing I get approximately $665. That makes it an expensive service but worth it to many to not have to deal with eBay.

Hi Ben, not sure where you are getting your figures from but the 20% buyer fee (if there is any out there) I would think would be for a lot that is intensive high in labor. Personally at Sterling our standard contract is never goes over 15% seller fee and that is on a rare occasion for ungraded or memorabilia that would take alot of time to photo/scan, description and pack and ship. Otherwise 10% seller fee on those items that can be flexible if the dollar amount is higher. Graded cards almost always have no seller fee.

So your example at Sterling almost always nets you $800 for a graded item and at worst $700 say if you have a complete set of cards selling for $1000 that would have a 10% seller fee. Once again what is your time worth and are you willing to deal with any potential headaches from the sales.

I would say if you have to pay a 20% seller fee at AH start shopping.

Happy Holidays

Lee

bnorth · #6 12-24-2021, 12:45 PM

Quote:

Originally Posted by Sterling Sports Auctions

Hi Ben, not sure where you are getting your figures from but the 20% buyer fee (if there is any out there) I would think would be for a lot that is intensive high in labor. Personally at Sterling our standard contract is never goes over 15% seller fee and that is on a rare occasion for ungraded or memorabilia that would take alot of time to photo/scan, description and pack and ship. Otherwise 10% seller fee on those items that can be flexible if the dollar amount is higher. Graded cards almost always have no seller fee.

So your example at Sterling almost always nets you $800 for a graded item and at worst $700 say if you have a complete set of cards selling for $1000 that would have a 10% seller fee. Once again what is your time worth and are you willing to deal with any potential headaches from the sales.

I would say if you have to pay a 20% seller fee at AH start shopping.

Happy Holidays

Lee

The 20/20 is what has been mentioned on here several times on lower price items. It was just an example and not aimed at anyone. I have very little experience myself.

I just noticed you are fairly close to me. For living out in the middle of nowhere anyway.

I will be selling a set worth more than the above price. I will have to PM you when that time comes fairly soon.

Republicaninmass · #7 12-24-2021, 01:19 PM

Rather have ebay garner the fees. Honestly shocking people still bid with PWCC.

I dont even look at their auctions, and if I miss out on deals, at least I have my integrity.

Y'all might want to look up that term, if you arent too busy scrolling through weekly auctions hoping for a deal

Thread Tools
Show Printable Version Email this Page
Display Modes
Switch to Linear Mode Hybrid Mode Switch to Threaded Mode

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
PWCC Auctions is this real	maniac_73	Postwar Baseball Cards Forum (Pre-1980)	12	02-15-2021 11:25 PM
PWCC Auctions	Eric72	Hockey, Olympic, Auto Racing And All Other Cards	16	01-31-2021 06:58 AM
PWCC Auctions & Re-Lists	Phil68	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	17	03-13-2020 03:07 PM
PWCC Auctions	th38larg	Boxing / Wrestling Cards & Memorabilia Forum	13	12-25-2016 05:32 PM
Boggles my mind	Archive	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	4	05-28-2007 10:28 AM