Selling $10,000 + sale on ebay

[ullmandds]

Originally Posted by Fred

How much are the ebay fees or a $10K transaction? If it were sold via an auction house then it could be a 15% fee ($1,500).

I used to sell things on ebay and never got burned as a seller but that was a long time ago.

And I don’t know any auction houses that will charge you a selling commission on a $10,000 item! I would certainly never use this auction house?

[mrreality68]

Originally Posted by ullmandds

And I don’t know any auction houses that will charge you a selling commission on a $10,000 item! I would certainly never use this auction house?

Agreed

usually on high end/value cards the Auction House will waive the fee (They may not give points back that is usually for higher end/value cards but it never hurts to ask)

Thus it is cheaper then ebay fee wise and you get the other potential benefits already mentioned.

[oldjudge]

Originally Posted by mrreality68

Agreed

usually on high end/value cards the Auction House will waive the fee (They may not give points back that is usually for higher end/value cards but it never hurts to ask)

Thus it is cheaper then ebay fee wise and you get the other potential benefits already mentioned.

You guys are looking at this the wrong way. The “fee” you are charged by an auction house is the reduction from the final selling price. Suppose an item in an auction hammers for $10,000. If the auction has a 20% buyers commission then the final price is $12,000. Even if you have no sellers commission you will only receive $10,000 so your effective fee is $2000. This is more than ebay would charge you. The only way to equalize the two is to also get part of the buyers commission. In the above example I am assuming that the card would also realize $12,000 on eBay. If you think the auction house would do better than eBay then you need to work that into your calculation.

[drmondobueno]

Originally Posted by oldjudge

You guys are looking at this the wrong way. The “fee” you are charged by an auction house is the reduction from the final selling price. Suppose an item in an auction hammers for $10,000. If the auction has a 20% buyers commission then the final price is $12,000. Even if you have no sellers commission you will only receive $10,000 so your effective fee is $2000. This is more than ebay would charge you. The only way to equalize the two is to also get part of the buyers commission. In the above example I am assuming that the card would also realize $12,000 on eBay. If you think the auction house would do better than eBay then you need to work that into your calculation.

+1

[Peter_Spaeth]

Originally Posted by oldjudge

You guys are looking at this the wrong way. The “fee” you are charged by an auction house is the reduction from the final selling price. Suppose an item in an auction hammers for $10,000. If the auction has a 20% buyers commission then the final price is $12,000. Even if you have no sellers commission you will only receive $10,000 so your effective fee is $2000. This is more than ebay would charge you. The only way to equalize the two is to also get part of the buyers commission. In the above example I am assuming that the card would also realize $12,000 on eBay. If you think the auction house would do better than eBay then you need to work that into your calculation.

It never ceases to amaze me that people do not understand the real world effect of AH fees regardless of whether they are deemed buyers' premiums or sellers' fees. Unless you believe people bid without regard to buyers' premiums and are like OMG WTF just happened when they get added on for the 1000th time, the effect is to depress hammer price and therefore they cost the seller, not the buyer. We've been over this 100 times.

[hcv123]

I accept select private consignments of higher-end cards - I sell at shows across the east coast and have a large and growing private client list. 10% commission for cards/sets/lots $1k+, 8% for $10K+. See some feedback in my signature line and PM me or call me at 516-991-5535 to discuss particulars.

[mrreality68]

Originally Posted by hcv123

I accept select private consignments of higher-end cards - I sell at shows across the east coast and have a large and growing private client list. 10% commission for cards/sets/lots $1k+, 8% for $10K+. See some feedback in my signature line and PM me or call me at 516-991-5535 to discuss particulars.

Shameless Plugs are good

and good to know

And that 1933 #144 Goudey Ruth that you have is very nice

[Snapolit1]

Originally Posted by ullmandds

And I don’t know any auction houses that will charge you a selling commission on a $10,000 item! I would certainly never use this auction house?

It's really odd. I had an over 6 figure card that I sold with an AH earlier this year. Knew 99% who I wanted to sell it with anyway, but had a few discussions with AH's I've purchased from in the past. With one of them had a perfectly odd conversation where the owner was like "I can see what I can possibly do to reduce the seller's commission . . ." The whole point of my call was to see how much over 100% I could negotiate. It's just a weird dance. I'm not saying they are trying to take advantage of uninformed sellers, but it definitely seems like they are trying to see how much you know. Like walking into a car dealership. Call of course went nowhere and I sent the card to the AH I wanted to use all long. Guy didn't help him self with the cagey poker routine.

[isiahfan]

Originally Posted by Snapolit1

It's really odd. I had an over 6 figure card that I sold with an AH earlier this year. Knew 99% who I wanted to sell it with anyway, but had a few discussions with AH's I've purchased from in the past. With one of them had a perfectly odd conversation where the owner was like "I can see what I can possibly do to reduce the seller's commission . . ." The whole point of my call was to see how much over 100% I could negotiate. It's just a weird dance. I'm not saying they are trying to take advantage of uninformed sellers, but it definitely seems like they are trying to see how much you know. Like walking into a car dealership. Call of course went nowhere and I sent the card to the AH I wanted to use all long. Guy didn't help him self with the cagey poker routine.

Interesting...I am not a big user of AH but will be using one for a couple of items I have. I knew most would waive the fee or don't charge any for sellers...but wasn't aware you could negotiate to get (essentially) part of the buyer's premium as well. Thanks

[bobbyw8469]

Originally Posted by Snapolit1

It's really odd. I had an over 6 figure card that I sold with an AH earlier this year. Knew 99% who I wanted to sell it with anyway, but had a few discussions with AH's I've purchased from in the past. With one of them had a perfectly odd conversation where the owner was like "I can see what I can possibly do to reduce the seller's commission . . ." The whole point of my call was to see how much over 100% I could negotiate. It's just a weird dance. I'm not saying they are trying to take advantage of uninformed sellers, but it definitely seems like they are trying to see how much you know. Like walking into a car dealership. Call of course went nowhere and I sent the card to the AH I wanted to use all long. Guy didn't help him self with the cagey poker routine.

OVER 6 figures??? So it as a million dollar card?? Can I ask what card it was?

[ullmandds]

Originally Posted by bobbyw8469

OVER 6 figures??? So it as a million dollar card?? Can I ask what card it was?

That would be seven figures

[robertsmithnocure]

Originally Posted by ullmandds

That would be seven figures

Technically, over six figures would be seven figures, right? LOL.

I think that we all know that the OP meant $100K+ with his comment.

[Snapolit1]

Originally Posted by robertsmithnocure

Technically, over six figures would be seven figures, right? LOL.

I think that we all know that the OP meant $100K+ with his comment.

Ha, yes it was a six figure card. I will it was 7.

[Peter_Spaeth]

Originally Posted by Snapolit1

It's really odd. I had an over 6 figure card that I sold with an AH earlier this year. Knew 99% who I wanted to sell it with anyway, but had a few discussions with AH's I've purchased from in the past. With one of them had a perfectly odd conversation where the owner was like "I can see what I can possibly do to reduce the seller's commission . . ." The whole point of my call was to see how much over 100% I could negotiate. It's just a weird dance. I'm not saying they are trying to take advantage of uninformed sellers, but it definitely seems like they are trying to see how much you know. Like walking into a car dealership. Call of course went nowhere and I sent the card to the AH I wanted to use all long. Guy didn't help him self with the cagey poker routine.

When my brothers and I sold a couple of my parents' paintings I talked first to Christie's. They acted all surprised when I asked about the buyer's premium, like why would I possibly be concerned with that?

[MikeGarcia]

Originally Posted by Peter_Spaeth

When my brothers and I sold a couple of my parents' paintings I talked first to Christie's. They acted all surprised when I asked about the buyer's premium, like why would I possibly be concerned with that?

....Alphonse , show this peasant to the door.....

..

[Snowman]

Originally Posted by ullmandds

And I don’t know any auction houses that will charge you a selling commission on a $10,000 item! I would certainly never use this auction house?

The buyer's premium is a pretty hefty commission though. I would almost never consider selling a card through a major auction house unless it was a 6 figure card or more. The fees are ridiculously high, and the prices realized are often a huge gamble.