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#1
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I've noticed an inordinate # of overpriced BIN listings have offers preset to reject at nearly full price. One guy had a best offer indicated on a partial set of obscure nonsport trade cards I was interested in. I made offers to 70% of BIN and they were all automatically rejected. I got discouraged and quit. Yesterday the guy sent me an offer at 70% of the BIN. I said no because screw him for wasting my time in the first place. Let his item rot.
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Read my blog; it will make all your dreams come true. https://adamstevenwarshaw.substack.com/ Or not... Last edited by Exhibitman; 06-07-2024 at 01:02 PM. |
#2
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#3
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I have always thought auctions were the most equitable way to price items. Auction prices set the market.
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#4
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Auctions are great for items that are in demand by lots of buyers. But for unusual or rare items, BIN gives time for the right buyer to come along. But as others have said, ending the listing and resisting it using "sell similar" is a good way to reset the algorithm.
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Working on the following sets: 1916 and 1917 Zeenut, 1954B, 1955B, 1971T and 1972T |
#5
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In the "good old days" of eBay, asking questions of the seller was common and even expected. The vast majority of sellers were happy to provide prompt answers to any questions/concerns a prospective buyer might ask.
Fast-forward to today, where it is 30/70 (at best) that you'll even get a response. And if you are graced with an answer, it is typically rude, terse or a non-answer. What has happened to people's ability to communicate? Recent example... We all know that a card graded "3" could or could not have a wrinkle/crease that fails to show up on a provided scan. I personally don't collect cards with creases, and like to request that the seller look at the card (typically if it's graded 2 - 4) to let me know. You'd think I was asking for the moon. A few sellers will still respond with no issues, but most either ignore the request completely or reply with something like "I'm not a professional grader". I did not realize you had to be a professional grader to hold a card under a light and disclose whether there's a crease. We've gotten to the point where 99% of sellers' descriptions simply state the number grade and nothing else. At what point did TPG became the word of God?
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Be sure to subscribe to my YouTube Channel, The Stuff Of Greatness. New videos are uploaded every week... https://www.youtube.com/@tsogreatness/videos |
#6
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Yeah you’re probably right.
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Read my blog; it will make all your dreams come true. https://adamstevenwarshaw.substack.com/ Or not... |
#7
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Agree with Adam there are a lot of overpriced BIN's. I think many sellers over value their item. I regulalry look at BIN prices for one specific issue of graded card. Almost all BINs are well over recent sales, some times 8-10x of recent sales.
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#8
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VCP is such a handy tool and in some cases can persuade reluctant dealers to lower their off-the- chart BIN's.
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#9
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Similar to what Rock, Daryl, Trib, and Mark have cited above, we've been made gun-shy about making an offer because
too many vendors are provoked at a glance, soooo offended and outraged that anyone would dare to imagine an overpriced item might be obtainable for anything less than the BIN or auction start price. We've even gotten nasty replies after merely asking for details on items poorly photographed and/or inadequately described. Also, so many eBay BINs are 200%, 500%, 1000% above any established or probable market value -- there's just no point to trying to make an offer at a reasonable price.
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-- the three idiots at Baseball Games https://baseballgames.dreamhosters.com/ https://www.tapatalk.com/groups/baseballgames/ Successful transactions with: bocabirdman, GrayGhost, jimivintage, Oneofthree67, orioles93, quinnsryche, thecatspajamas, ValKehl |
#10
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It's his prerogative, of course, but it felt like a passive-aggressive response. I don't usually leave much wiggle room when I sell on eBay either, but that's because I'm just a hobbyist who gets hit with fees on the buying and selling end, and I'm usually just listing to break even or take a modest loss. Failing that, the stuff stays in my collection. For example, I bought a card on REA with a $3,400 hammer price, but my cost was $4,375 after taxes. When I found a better copy of the same card just a week later, I offered the REA card at $4,250 shipped in multiple places, with zero interest. I had to list it at $4,750 on eBay to hit that $4,250 target, and wasn't willing go any lower. The person who used BIN ended up paying $5,100 after taxes. I can't even imagine what the spread is like for someone who has overhead and does this for a living. In this ecosystem, the auction houses and eBay are the real winners. Last edited by gunboat82; 06-08-2024 at 02:28 PM. |
#11
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Ebay has done a terrible job with their categories. It is difficult to search for Sports cards without doing a word search. The categories used to plug you into Pre 1930 baseball cards or similar. Like many things ebay does it makes the site worse and more difficult to use. Even the custom searches that used to be fruitful have been invaded by what ebay pushes not what you search for. If you want to look up 1920 W522 you do a word search, and it gets you there, sort of. There is no sense to try to look through their mixed-up categories relating to Sports Memorabilia. As far as communicationing with sellers most are uninterested and could care less. Ebay has helped create this atmosphere of over pricing, apathy and seller disinterest.
As far as selling via auction or Buy It Now. I agree they are different mainly because there are 3 types of buyers. BIN only, Auction Only and people that do both. It is good to toggle your items back and forth between BINs and auctions to get new eyes. I would disagree that auctions necessarily do better in terms of sales then BINs. Sometimes yes and sometimes no. If you try to auction an item starting at 149.99 for a 149.99 value card it is my experience that a bin has about the same odds of selling. If you choose to start the auction lower you may get more bids, even past a BIN that sat in your store for 2 months. There is so many listings on ebay that stuff gets lost and with ebay pushing what they want you never know. Sometimes you land in the algorithms air stream and your item gets pushed to Google and Bing. That is when ebay is really helping you get views I am scaling back selling. If I have a valuable sports cards to sell I tend to consign to an auction house. On most other types of items ebays return policy is absolutely insane and unfair to the seller. Revenue and profit comes from buyers. Sellers are treated like they are, replaceable. The few big sellers are treated a bit better. In the end ebay is still a good resource and if mined correctly can yield good buys. As far as comparing it to the partnership it had with sports collectors in the past it is completely different |
#12
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Of course, if he’s reading this, then he might decide to stop offering those periodic sales events.
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Trying to wrap up my master mays set, with just a few left: 1968 American Oil left side 1971 Bazooka numbered complete panel Last edited by raulus; 06-08-2024 at 04:38 PM. |
#13
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Another seller on eBay (the name of this one escapes me) did something similar a while back, but this seller actually had the "Best Offer" option open. I offered 90% on a $5K item, and the seller declined and raised the price to $6500. I couldn't tell if the seller was annoyed, or if it was part of some business strategy where any item to raise the price on any item that generates interest. |
#14
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What your buyer paid Item subtotal $99.00 Shipping $6.00 Sales tax* $10.15 Order total** $115.15 What you earned Order total $115.15 eBay collected from buyer Sales tax -$10.15 Transaction fees -$22.57 Shipping label -$3.96 Order earnings $78.47 eBay takes a cut of the shipping and the sales tax, so my effective 'commission' was 22.57%. However, this is an item of the sort that an AH would bury in a big lot so the extra 3% cost is worth it to make the item a retail item instead. I probably netted 2x-3x what I could have gotten on consignment.
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Read my blog; it will make all your dreams come true. https://adamstevenwarshaw.substack.com/ Or not... Last edited by Exhibitman; 06-09-2024 at 02:51 PM. |
#15
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In the last bunch of years ebay:
All told, eBay has created a huge percentage of items priced at a price that they will never sell, at no cost to the sellers. Then made it harder for buyers to sort through the listings to focus on the ones they want. And even if you do that work, you can get a slew of offers on items that you had no interest in (hence not watching it). It's becoming harder and harder to just find what you are looking for. I know for me, as someone who is an avid collector and spends quite a bit of time on the hobby, I am spending less and less time with eBay. It's simply too unpleasant to want to deal with all the time. |
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