Posted By:
Mike MasinickWe had a very strict terms and conditions document that really detailed how the cards would be bought and sold. This, while obviously important, also hampered our ability to "move" some cards when we had interested buyers. We found that people are so used to wheeling and dealing for cards that when I said "This card is for sale for $5500" they almost always respond "I'll offer you $5250". Unfortunately I gave almost everybody our bottom line at all times when they asked for a price and it turned a lot of people off when we couldn't accept their very fair offers just a few percentage points below our "buy it now" price. We lost out several good sales at good prices in two years when I wasn't able to negotiate because of the terms and conditions.
I think when all is said and done we'll sell the collection for slightly more than we paid for it, even after credit card fees for our users - and like I said before I think we converted MANY people from modern cards to vintage by introducing them to the history of the game and the cards.
I can't wait to meet a lot of you guys at the Net54 dinner. I'll be there for the first few hours (hopefully including the open bar). =)
Mike