Collectors Vault redemption fee

[Fred]

I'm still trying to figure out how companies make their money with "vaults". The only thing I can think of is that these vault companies provide a portal to auction/sell card for which they take a cut of the sale price. If that's the case, then an assumption is that they are hoping the card turns over and over again. Bottom line they don't take a loss if the card value goes down because they don't own it.

Is that about right?

Does anybody know what all the fees that are associated with vault storage?

I just can't wrap my head around this.

[Gorditadogg]

Originally Posted by Fred

I'm still trying to figure out how companies make their money with "vaults". The only thing I can think of is that these vault companies provide a portal to auction/sell card for which they take a cut of the sale price. If that's the case, then an assumption is that they are hoping the card turns over and over again. Bottom line they don't take a loss if the card value goes down because they don't own it.



Is that about right?



Does anybody know what all the fees that are associated with vault storage?



I just can't wrap my head around this.

Hey Fred. Buy any of the cards I have for sale in BST and I will keep it for you. I will only charge you $1 a year for keeping it. Let me know whenever you want it. I will only charge you $10 for sending it to you. Thanks!
Al

Sent from my SM-S906U using Tapatalk

[raulus]

Originally Posted by Fred

I'm still trying to figure out how companies make their money with "vaults". The only thing I can think of is that these vault companies provide a portal to auction/sell card for which they take a cut of the sale price. If that's the case, then an assumption is that they are hoping the card turns over and over again. Bottom line they don't take a loss if the card value goes down because they don't own it.

Is that about right?

Does anybody know what all the fees that are associated with vault storage?

I just can't wrap my head around this.

For the most part, I think they make their money by making you a captive, so you’re incentivized to sell through them.

The value proposition to the collector is mostly based around avoiding sales tax, maybe getting a discount on sales fees through their platform, and for someone who prefers to avoid insurance costs and the hassle of actually holding your items at home, they take care of it for you, plus give you a platform to sell quickly when you are ready.

In a perfect world, I think the business model is that everyone loves their vault and every piece in the world stays there. Every time someone sells, it never leaves the facility, and the vault operator just take a cut of the sale by putting the new owner’s name on the ownership file.

I think all of the vault operators are paranoid that they’ll miss out on becoming THE vault, and so they’re all motivated to do everything they can to lower fees and get you to keep your items there instead of using the other guys’ vault.

[doug.goodman]

Wait, so some people actually send their cards to a company to store them?

Wow.

Learn something new every day,
Doug "PT" Goodman

[rjackson44]

I have a vault at my beach house and i have an attack dog for protection

[Exhibitman]

Octavio, my attack dog and your attack dog, cage match PPV?



Well, if I can get mine to stop licking her genitals long enough to pay attention...

[frankbmd]

Originally Posted by BobC

Double post.

Originally Posted by BobC

Shoot, now it triple posted.

Congratulations Bob. Glad you got your post average above 2.0.

If I’m not mistaken, I believe Berman called 2.0 the Mendoza Line.

[BobC]

Originally Posted by frankbmd

Congratulations Bob. Glad you got your post average above 2.0.

If I’m not mistaken, I believe Berman called 2.0 the Mendoza Line.

LOL

I don't know what it is Frank. I've seen it happen to Leon once in a while as well. Hit the post button once, but it posts it twice. Never had a triple post before.

[rjackson44]

Originally Posted by Exhibitman

Octavio, my attack dog and your attack dog, cage match PPV?



Well, if I can get mine to stop licking her genitals long enough to pay attention...

Love this thx adam hope you are well

[MACollector]

If you look at their terms of service at checkout on a Goldin auction, they will give you 30 days notice to remove your stuff if there is a price change.

[Yoda]

Originally Posted by rjackson44

Love this thx adam hope you are well

I am quite certain that the licking of genitals in a cage match is permitted, either your opponents' or your own.

[G1911]

Originally Posted by rjackson44

I have a vault at my beach house and i have an attack dog for protection

After a careful review of other vault services, I note that they do not offer the cute attack dog feature. Can I pay you to send my collection to your beach house?