Eddie Plank ☆ Ebay

[asphaltman]

Originally Posted by JustinD

I have no idea who consigned this collection to PWCC, but Christ is there some key cards of the collecting world in there.

I have a hard time thinking they have had a more impressive group up at one time before.

Whoever's collection this is sure is seemingly paying a butt load in fees. Not only are the ebay fees passed along, but whatever fees they are paying PWCC as well. That's insane. PWCC is having to do no marketing, no auctoin hosting, anything. They just slap it up on eBay like the consigner could have done himself.

[Jewish-collector]

The Mantle was sold in 2005.

http://legendaryauctions.com/LotDeta...entoryid=49555

[1952boyntoncollector]

Originally Posted by Jewish-collector

The Mantle was sold in 2005.

http://legendaryauctions.com/LotDeta...entoryid=49555

I was outbid at like 1 in the morning...don't remind me

[mechanicalman]

Originally Posted by asphaltman

Whoever's collection this is sure is seemingly paying a butt load in fees. Not only are the ebay fees passed along, but whatever fees they are paying PWCC as well. That's insane. PWCC is having to do no marketing, no auctoin hosting, anything. They just slap it up on eBay like the consigner could have done himself.

I believe the eBay and PayPal fees are covered in the PWCC fees, so they are not purely incremental. If the consignor sold them himself directly on eBay, the total selling fees would probably be in the same range. And while they don't send catalogs (which are probably unnecessary and wasteful in the digital world), they do seem to invest in online marketing like emails, banners, etc., perhdps much as any AH.

I have no vested interest to defend PWCC; just trying to help clarify my understanding of the facts.

[egbeachley]

Originally Posted by asphaltman

Whoever's collection this is sure is seemingly paying a butt load in fees. Not only are the ebay fees passed along, but whatever fees they are paying PWCC as well. That's insane. PWCC is having to do no marketing, no auctoin hosting, anything. They just slap it up on eBay like the consigner could have done himself.

They pay PWCC a flat rate of 8%, assuming no discount. That includes eBay fees and shipping. Buyer has no fees so they can bid about 20% higher. This is WAY better than an AH.

[asphaltman]

Originally Posted by egbeachley

They pay PWCC a flat rate of 8%, assuming no discount. That includes eBay fees and shipping. Buyer has no fees so they can bid about 20% higher. This is WAY better than an AH.

Well then how is PWCC making any money? Isn't ebay fees between selling and then paypal fees above 8%? PWCC is doing this for free?

[wolf441]

Originally Posted by asphaltman

Well then how is PWCC making any money? Isn't ebay fees between selling and then paypal fees above 8%? PWCC is doing this for free?

My bet is that ebay is doing this for free. Think of the positive publicity they get with high end auction results better than/comparable to AHs, but without the buyer's premium.

[1952boyntoncollector]

Originally Posted by asphaltman

Well then how is PWCC making any money? Isn't ebay fees between selling and then paypal fees above 8%? PWCC is doing this for free?

no they are less for a power seller. 5% or possibly capped as well I am not sure......that's why it makes sense to consign to pwcc..you are getting charged less fees overall with him on the higher dollar cards then you would if listing them on your own....so you net more if sell at the same price

[jburl]

Originally Posted by asphaltman

Well then how is PWCC making any money? Isn't ebay fees between selling and then paypal fees above 8%? PWCC is doing this for free?

Ebay fees cap at $200 for top rated sellers, so pwcc will be fine on the sale

[wolf441]

Originally Posted by asphaltman

Whoever's collection this is sure is seemingly paying a butt load in fees. Not only are the ebay fees passed along, but whatever fees they are paying PWCC as well. That's insane. PWCC is having to do no marketing, no auctoin hosting, anything. They just slap it up on eBay like the consigner could have done himself.

I wonder if ebay made any sort of agreement to waive fees, or take reduced fees for these auctions? With ebay losing business to auction houses in recent years, seems like a good strategy to be able to show strong results on high end cards. That would be serious incentive to make concessions on the fees in order to get the exposure of high end auctions with positive results.

[4815162342]

Originally Posted by asphaltman

Whoever's collection this is sure is seemingly paying a butt load in fees. Not only are the ebay fees passed along, but whatever fees they are paying PWCC as well. That's insane. PWCC is having to do no marketing, no auctoin hosting, anything. They just slap it up on eBay like the consigner could have done himself.

It's actually the opposite of everything you said.

[pokerplyr80]

Originally Posted by asphaltman

Whoever's collection this is sure is seemingly paying a butt load in fees. Not only are the ebay fees passed along, but whatever fees they are paying PWCC as well. That's insane. PWCC is having to do no marketing, no auctoin hosting, anything. They just slap it up on eBay like the consigner could have done himself.

I agree with others who have said this entire statement is completely incorrect. With PWCC you pay no ebay or paypal fees, it's all included in his fee. I would also assume that he offered a discount from his 8% rate to get this card. He does market his auctions. The consigner could have put it up himself but who is going to bid $400k plus on an ebay listing from a seller with say a feedback score around 100? Or even 1000? I'm sure the consignor will net much more this way. Without paying a 15-20% AH buyer's premium.

[Stonepony]

AHs might want to start looking over their shoulders at PWCC. The lower fees are a big big deal to both consignor and buyer

[PolarBear]

You could buy a 1795 gold eagle, just a few hundred total known, in mint state condition, and still have enough left over for a small house, for the price that PSA 8 Mantle is going for.

[1952boyntoncollector]

Originally Posted by PolarBear

You could buy a 1795 gold eagle, just a few hundred total known, in mint state condition, and still have enough left over for a small house, for the price that PSA 8 Mantle is going for.

right but the mantle could be a million dollar card in 8 years...it did go from 60k to 400k in 10 years afterall...how that gold eagle doing during that time..

[Peter_Spaeth]

At 425,000, the bidding increment is still 100 dollars.

[1952boyntoncollector]

Originally Posted by Peter_Spaeth

At 425,000, the bidding increment is still 100 dollars.

and still only 100 ebay bucks...but don't need 5x bucks to get 100 at least..

[PolarBear]

Originally Posted by 1952boyntoncollector

right but the mantle could be a million dollar card in 8 years...it did go from 60k to 400k in 10 years afterall...how that gold eagle doing during that time..

That wasn't really my point though. A 1795 Eagle is America's first gold coin, historically significant, 200+ years old, made of gold, and much rarer than a 52 Mantle. A 52 Mantle is ultimately just a picture of some guy on a piece of cardboard.

[1952boyntoncollector]

Originally Posted by PolarBear

That wasn't really my point though. A 1795 Eagle is America's first gold coin, historically significant, 200+ years old, made of gold, and much rarer than a 52 Mantle. A 52 Mantle is ultimately just a picture of some guy on a piece of cardboard.

right and I had thread about gold being better than cards as well..more useful etc......you were talking having money left over to buy a house....there may be a lot more money left over to buy a much bigger house if buy the mantle and sell it 10 years from now etc..

[4815162342]

Originally Posted by PolarBear

... ultimately just a picture of some guy on a piece of cardboard.

You realize that you're on a message board that specializes in pictures of guys on pieces of cardboard, right?

[ls7plus]

Originally Posted by PolarBear

That wasn't really my point though. A 1795 Eagle is America's first gold coin, historically significant, 200+ years old, made of gold, and much rarer than a 52 Mantle. A 52 Mantle is ultimately just a picture of some guy on a piece of cardboard.

The '52 Topps Mantle is a card that connects you to the player and takes you back to the time, a time when rooting for the Yankees was like rooting for U.S. Steel, and the Mick was overflowing with the indominatable vigor of youth, chomping at the bit to perform wondrous feats (such as winning 12 pennants and 7 World Series in the course of his first 14 years in the league)! It's a slice of both the time and his life, just as the 1795 coin is a slice of early America. Your last statement is the same as saying that the 1795 $10 gold piece is just a piece of metal dug out of some rock or stream and stamped into a circle under pressure a long time ago. That is simply not the way collectors view Americana. For a baseball lover, one who lives and breathes its history, the Mantle is far more than likely the more significant item of the two.

Best regards,

Larry

[Peter_Spaeth]

Originally Posted by 1952boyntoncollector

right but the mantle could be a million dollar card in 8 years...it did go from 60k to 400k in 10 years afterall...how that gold eagle doing during that time..

It takes only a couple of guys with big egos and wallets to drive up the Mantles. IMO very hard to tell if it will hold the new price levels, much less continue to rise.

[TanksAndSpartans]

Are there any special bidding rules? Do you have to be pre-approved or anything? I think that Superman comic had some rules like that. With 7 days left, I'm tempted to just throw out a bid, but I think I'll refrain

[1952boyntoncollector]

Originally Posted by Peter_Spaeth

It takes only a couple of guys with big egos and wallets to drive up the Mantles. IMO very hard to tell if it will hold the new price levels, much less continue to rise.

right but they were saying that years ago when it was approaching 100k that it wouldn't maintain that level...plus maybe they lose out on one or two of these types of buys and only make out once...but if bought the mantle 10 years ago you are making 350k and if the card went to zero after buying it 10 years ago you are losing 60k so could lose 5 times and be right once and still make money....if you have that bankroll

...I would hope the guys that spend 400k have some type of business background..who knows.

[ls7plus]

Originally Posted by 1952boyntoncollector

right but the mantle could be a million dollar card in 8 years...it did go from 60k to 400k in 10 years afterall...how that gold eagle doing during that time..

That's about 19% compounded annually, which is a figure a lot of quality collectibles have reached or surpassed, but they usually slow down in their rate of appreciation by the time they reach that level or before. Lots and lots of the big boys want that card in that condition and centered!

All the best guys,

Larry