Joy of joys... eBay the Auction House?

[turtleguy64]

speaking of auctions, a look at the current Legendary Auction offerings is very,very sad.Is this the end ?

[1952boyntoncollector]

Originally Posted by turtleguy64

speaking of auctions, a look at the current Legendary Auction offerings is very,very sad.Is this the end ?

not sure about the offerings but I see the first 6 or so expensive lots total to about 100k+ in bidding and its early...I would go by the net commission versus what our opinion's of their offerings are to determine any companys viability...I not sure how much you need to make to turn a nice profit..

[glchen]

I think it may be the end for Legendary unless someone from there comes in to dispute this. Their Events link does not even list when their next auction is, and they used to schedule their auctions up to a year in advance. It's true that their first few items total about 100K, and they have other nice lots including a Ruth rookie card. However, they only have around 700 lots total for this auction. In their Nov 2014, they had ~1400 lots. In Sept 2014, they had ~1750 lots. In May 2014, they had ~2000 lots. In Feb 2014, they had ~1850 lots. In Nov 2013, they had nearly 2200 lots. From whatever want you want to look at it, that's a huge drop in consignments.

[1952boyntoncollector]

Originally Posted by glchen

I think it may be the end for Legendary unless someone from there comes in to dispute this. Their Events link does not even list when their next auction is, and they used to schedule their auctions up to a year in advance. It's true that their first few items total about 100K, and they have other nice lots including a Ruth rookie card. However, they only have around 700 lots total for this auction. In their Nov 2014, they had ~1400 lots. In Sept 2014, they had ~1750 lots. In May 2014, they had ~2000 lots. In Feb 2014, they had ~1850 lots. In Nov 2013, they had nearly 2200 lots. From whatever want you want to look at it, that's a huge drop in consignments.

understood...can not be making as much money..but the OP asked if it was the End..its one thing to not make as much then you did in the past..but if still making a nice profit then that usually doesn't signify the end..

it is interesting that you note that their are no future auctions scheduled..that to me strange.

[Wite3]

Back to the OP...

that t205 is overpriced even before the buyers premium!

Joshua

[tschock]

Originally Posted by Wite3

Back to the OP...

that t205 is overpriced even before the buyers premium!

Joshua

Yep. I should have added my to my original statement.
Probably at least 4X over "estimated". At least that would be my guess based on that high quality scan. (I didn't forget it this time)

[Leon]

This live-ebay process seems a little confusing sometimes.

[turtleguy64]

this has to be the lowest point for Legendary.No consignors have the confidence to send them the good stuff.the higher priced items they are offering may have been purchased by them specifically for this auction to prop up the run of the mill offerings.Embarrassing to see their unopened stuff.Borderline junk wax cases.I noted the lack of events scheduled for 2015 and knew something was amiss.They usually have events listed very early including when they will be appearing at big card shows around the country.I would be hesitant to consign to them until it's clear that they are an ongoing business.

[1952boyntoncollector]

Originally Posted by turtleguy64

this has to be the lowest point for Legendary.No consignors have the confidence to send them the good stuff.the higher priced items they are offering may have been purchased by them specifically for this auction to prop up the run of the mill offerings.Embarrassing to see their unopened stuff.Borderline junk wax cases.I noted the lack of events scheduled for 2015 and knew something was amiss.They usually have events listed very early including when they will be appearing at big card shows around the country.I would be hesitant to consign to them until it's clear that they are an ongoing business.

Lots of auction houses purchase high priced items so if not know for sure if they did then they no different than anyone else in that regard...