eBay vault

[Snowman]

It was only a matter of time. And perhaps a little more insight into why they wanted to sever ties with PWCC.

Hopefully they don't f*ck this up like they do everything else...

[Dead-Ball-Hitter]

Good bye PWCC vault!

[parkplace33]

Vaults remind me of the batcave

[mrreality68]

PWCC, Goldin, and now EBay.

The more the merry

I think I am will turn my basement into a vault

[x2drich2000]

But is the Ebay vault in a tax-free state that will allow buyers to circumvent taxes? And has anyone else ever had the thought of what would happen if one of these vaults, or PSA, or SGC's buildings ever had a fire?

[BobC]

Originally Posted by x2drich2000

But is the Ebay vault in a tax-free state that will allow buyers to circumvent taxes? And has anyone else ever had the thought of what would happen if one of these vaults, or PSA, or SGC's buildings ever had a fire?

Ebay's US headquarters are in San Jose, CA, definitely not a tax friendly state. And San Jose is in Santa Clara County, that has a sales tax rate of 9.875%. Yikes, that's near the top sales tax rate in the country, which may be in Tennessee with an average overall state sales tax rate of almost 10%. California's average rate is 8.618%, but as noted, much higher where Ebay's headquarters are.

So, assuming Ebay wouldn't be dumb enough to put their vault somewhere with an almost 10% sales tax rate, where do you all think they put it?

The five states with no sales taxes are; Alaska, Delaware, Montana, New Hampshire, and Oregon. I don't see Alaska or Montana being in the running, due to their being out of the way and more remote. Not feeling too strongly for New Hampshire either, sort of a gut feeling. If they do open their vault in a non-sales tax state, I think it comes down to Delaware or Oregon, and I'm leaning towards Delaware, if I were a betting man. Curious to hear what others may think. and why.

[icollectDCsports]

Originally Posted by BobC

Ebay's US headquarters are in San Jose, CA, definitely not a tax friendly state. And San Jose is in Santa Clara County, that has a sales tax rate of 9.875%. Yikes, that's near the top sales tax rate in the country, which may be in Tennessee with an average overall state sales tax rate of almost 10%. California's average rate is 8.618%, but as noted, much higher where Ebay's headquarters are.

So, assuming Ebay wouldn't be dumb enough to put their vault somewhere with an almost 10% sales tax rate, where do you all think they put it?

The five states with no sales taxes are; Alaska, Delaware, Montana, New Hampshire, and Oregon. I don't see Alaska or Montans being in the running, due to their being out of the way and more remote. Not feeling too strongly for New Hampshire either, sort of a gut feeling. If they do open their vault in a non-sales tax state, I think it comes down to Delaware or Oregon, and I'm leaning towards Delaware, if I were a betting man. Curious to hear what others may think. and why.

Catching up on the vault issue. Does the location of goods determine which state's sales tax is implicated instead of the location of the parties to the transaction? Thank you.

[Gorditadogg]

Originally Posted by mrreality68

PWCC, Goldin, and now EBay.



The more the merry



I think I am will turn my basement into a vault

We're living in a flippers paradise.

Sent from my SM-G955U using Tapatalk

[BobC]

Originally Posted by Dead-Ball-Hitter

Good bye PWCC vault!

Maybe not!

I didn't see in that article where it said this vault was going. If memory serves, both PWCC and Goldin have their vaults in states with no sales tax. Oregon and Delaware, respectively. I believe. I can still see some people using either of them to save a few bucks if Ebay puts their vault in a state that collect sales tax. In fact, if Ebay does put this vault in a state with sales taxes, depending on which state it is and what their sales tax rate is, it could actually end up costing someone more to use their vault if they live in one of the states with no sales taxes, or one that has a lower sales tax rate than the state the vault gets located in.

Also, the article gave no info on costs to use their vault, if they are insuring what they're going to be holding for you, what happens if they lose/damage something, and maybe most importantly, I certainly didn't see anything about Ebay making loans/advances to people for items being held in their vault. Those loans/advances are a big deal for PWCC I'm betting. Also, if you use PWCC's or Goldin's vaults, and want to sell something, I believe you just contact them and tell them what to sell, and they take care of the rest. So how is that going to work with Ebay and things held and subsequently sold from their vault? Maybe they're planning to set up their own separate company as a vault seller option, and end up competing against PWCC and Goldin. Or maybe they partner up with an already existing consignment seller, like Probstein or Greg Morris Cards, to handle and offer such a service to their vault customers. Kind of going along the same lines in partnering with CSG for their new authentication service.

A lot of unanswered questions for now. And this should be very interesting as it appears another big player may possibly be looking to vertically expand in our hobby industry. Another one of those things that make you go hmmmmmm!

[Lorewalker]

Originally Posted by BobC

Maybe not!

I didn't see in that article where it said this vault was going. If memory serves, both PWCC and Goldin have their vaults in states with no sales tax. Oregon and Delaware, respectively. I believe. I can still see some people using either of them to save a few bucks if Ebay puts their vault in a state that collect sales tax. In fact, if Ebay does put this vault in a state with sales taxes, depending on which state it is and what their sales tax rate is, it could actually end up costing someone more to use their vault if they live in one of the states with no sales taxes, or one that has a lower sales tax rate than the state the vault gets located in.

Also, the article gave no info on costs to use their vault, if they are insuring what they're going to be holding for you, what happens if they lose/damage something, and maybe most importantly, I certainly didn't see anything about Ebay making loans/advances to people for items being held in their vault. Those loans/advances are a big deal for PWCC I'm betting. Also, if you use PWCC's or Goldin's vaults, and want to sell something, I believe you just contact them and tell them what to sell, and they take care of the rest. So how is that going to work with Ebay and things held and subsequently sold from their vault? Maybe they're planning to set up their own separate company as a vault seller option, and end up competing against PWCC and Goldin. Or maybe they partner up with an already existing consignment seller, like Probstein or Greg Morris Cards, to handle and offer such a service to their vault customers. Kind of going along the same lines in partnering with CSG for their new authentication service.

A lot of unanswered questions for now. And this should be very interesting as it appears another big player may possibly be looking to vertically expand in our hobby industry. Another one of those things that make you go hmmmmmm!

Hi Bob,

Good points, as usual. I am waiting for them to announce an acquisition of CCG, parent co to CSG, NGC, CGC and others. Now that eBay has a vault and are using CSG to authenticate ungraded cards, I figured it would only be a matter of time before they take grading in house and make themselves a one stop shop for multiple collectibles to really attempt to put pressure on the PSA/Goldin.


Chase

[BobC]

Originally Posted by Lorewalker

Hi Bob,

Good points, as usual. I am waiting for them to announce an acquisition of CCG, parent co to CSG, NGC, CGC and others. Now that eBay has a vault and are using CSG to authenticate ungraded cards, I figured it would only be a matter of time before they take grading in house and make themselves a one stop shop for multiple collectibles to really attempt to put pressure on the PSA/Goldin.


Chase

That's what I'm starting to believe also Chase. They're thinking like the major sports leagues, and their players, who bought into Fanatics, and then turned around and basically gave themselves the exclusive sports card production rights going forward. And they used that move to then go after and acquire Topps for about half what their cancelled IPO was supposed to be worth. Fanatics is looking to vertically expand their footprint and presence in the primary sports card market, while Ebay may be looking for vertical expansion more in the secondary market. Don't think we've seen all the moves by either of them yet.

[Lorewalker]

Originally Posted by BobC

That's what I'm starting to believe also Chase. They're thinking like the major sports leagues, and their players, who bought into Fanatics, and then turned around and basically gave themselves the exclusive sports card production rights going forward. And they used that move to then go after and acquire Topps for about half what their cancelled IPO was supposed to be worth. Fanatics is looking to vertically expand their footprint and presence in the primary sports card market, while Ebay may be looking for vertical expansion more in the secondary market. Don't think we've seen all the moves by either of them yet.

Absolutely, Bob. Neither Fanatics nor eBay are done with their expansion. eBay is always so clumsy so whatever move they make I cannot help but feel it will less than awe inspiring. Fanatics on the flip side, seems to be more calculated and in touch with the market.

[rjackson44]

I just put a 66 namath in my vault.my yorkie and pitbull are guarding it😳😳