REA increasing their BP and making other changes

Casey2296 · #1 06-15-2025, 09:10 PM

Quote:

Originally Posted by piecesofthegame

I find all the discussion about BP a lot like going to your cell phone provider�s store to get a new phone or change your plan�ridiculously confusing! They are literally in the business of running rings around you with the numbers. It�s what they are paid to do.
As mentioned by many previously, they can charge whatever they want for BP, it�s not going to change what I�m willing to pay in the end. I have a figure in mind, I make my bids and and mentally add the % to my bid, and when it�s over my bid, see ya next time.

Now here�s what I DON�T understand. Why are reputable companies who sell using ebay (Probstein, 4 Corners), not viewed as a better option for a consigner than large auction houses? The major ones using eBay offer 95% of the sale price on items selling over $1000. So do the math�

$5000 card through auction house
$4000 bid + 23%=$4920.Result to consigners is $4K IF�IF they have 0% consignment fee. That�s best case scenario.

$5000 card on eBay through Probstein, 4 Corners, etc
$4920 winning bid (to keep all things equal). Result to consigner after 5% fee=$4674.
This seems like a No-Brainer for a consigner. What am I missing? I realize when we get into 5 digit, 6 digit, and 7 digit cards, no one will throw them up on eBay and hope for the best. But for the $1000-$10000 cards, I don�t understand why it�s not considered as an option by more consigners.

Doesn�t eBay charge 13%?

piecesofthegame · #2 06-15-2025, 09:20 PM

If you consign through a high volume seller like Probstein, 4 Corners, Greg Morris, etc, they get completely different rates than the average guy. Check their rates on their websites. Generally anything over $1000 will net you 95%. And you get NONE of the hassle. I’ve had mostly good success through this route.
Full disclosure, I don’t work for any of them, just an impartial observation.

Casey2296 · #3 06-15-2025, 09:26 PM

Quote:

Originally Posted by piecesofthegame

If you consign through a high volume seller like Probstein, 4 Corners, Greg Morris, etc, they get completely different rates than the average guy. Check their rates on their websites. Generally anything over $1000 will net you 95%. And you get NONE of the hassle. I�ve had mostly good success through this route.
Full disclosure, I don�t work for any of them, just an impartial observation.

Ah, makes sense.

Carter08 · #4 06-15-2025, 09:27 PM

Quote:

Originally Posted by piecesofthegame

If you consign through a high volume seller like Probstein, 4 Corners, Greg Morris, etc, they get completely different rates than the average guy. Check their rates on their websites. Generally anything over $1000 will net you 95%. And you get NONE of the hassle. I�ve had mostly good success through this route.
Full disclosure, I don�t work for any of them, just an impartial observation.

Would have zero problem selling with probstein in terms of the results he seems to get. My fear is I�ve heard you ship items to a place in Jersey, don�t really get communication from him about if they�re received and when they�re being put up. I tend to doubt this is true. Anyone who has actually used him?

icurnmedic · #5 06-15-2025, 11:14 PM

Quote:

Originally Posted by Carter08

Would have zero problem selling with probstein in terms of the results he seems to get. My fear is I�ve heard you ship items to a place in Jersey, don�t really get communication from him about if they�re received and when they�re being put up. I tend to doubt this is true. Anyone who has actually used him?

I use him , frequently.
Never an issue with payment, and almost always get good results.
Contacted him one time about a mislabeled T206 back, and he personally called me to discuss options.
I really like the % you net selling with him and do not have to deal with the eBay azzhats!

parkplace33 · #6 06-16-2025, 10:44 AM

Quote:

Originally Posted by icurnmedic

I use him , frequently.
Never an issue with payment, and almost always get good results.
Contacted him one time about a mislabeled T206 back, and he personally called me to discuss options.
I really like the % you net selling with him and do not have to deal with the eBay azzhats!

I do think there might be an opportunity for ebay sellers to capitalize on this.

Mark17 · #7 06-16-2025, 11:49 AM

I'm watching inflation going on all around me with virtually everything I buy. I just constantly keep adjusting what I'm willing to pay, realizing the numbers across the board trend upwards. This is just another example.

Aquarian Sports Cards · #8 06-16-2025, 12:00 PM

Quote:

Originally Posted by parkplace33

I do think there might be an opportunity for ebay sellers to capitalize on this.

Which is amusing as every time ebay does something that pisses off the rank and file we get consignments from people who are sick of Ebay.

Obviously you're talking about the power guys like Probstein, but Ebay is constantly abusing their smaller sellers, much to our benefit.

joshleon · #9 06-24-2025, 04:27 PM

I will be bidding 3% less. I think 20% was ample.

tiger8mush · #10 06-25-2025, 12:08 PM

picked up a few cards in REA's auction that ended Sunday night (into Monday morning). Invoice received later Monday, paid immediately via e-check, cards delivered the next day (Tuesday 6/24) via FedEx overnight. I was impressed!

Eric72 · #11 06-15-2025, 09:32 PM

Rick Probstein, in a YouTube interview a year or two ago, mentioned something that stuck with me. His business model involves a slimmer margin than traditional auction houses; however, he makes up for this through high volume.

We've all seen this in other sectors. Wal-Mart comes immediately to mind. It worked for Sam Walton. Apparently, it also works for Rick Probstein.

cardsagain74 · #12 06-17-2025, 09:08 PM

Quote:

Originally Posted by piecesofthegame

If you consign through a high volume seller like Probstein, 4 Corners, Greg Morris, etc, they get completely different rates than the average guy. Check their rates on their websites. Generally anything over $1000 will net you 95%. And you get NONE of the hassle. I�ve had mostly good success through this route.
Full disclosure, I don�t work for any of them, just an impartial observation.

Don't know about the others, but Greg Morris is nowhere close to this.

Last I looked, it was $5 k minimum submission for consignment. And they take 25% of raw vintage consigned sales.

CardPadre · #13 06-17-2025, 09:19 PM

Quote:

Originally Posted by cardsagain74

Don't know about the others, but Greg Morris is nowhere close to this.

Last I looked, it was $5 k minimum submission for consignment. And they take 25% of raw vintage consigned sales.

Greg Morris is similar on graded stuff, though.

parkplace33 · #14 06-18-2025, 10:01 AM

Quote:

Originally Posted by CardPadre

Greg Morris is similar on graded stuff, though.

25 percent of raw sales! Goodness.

jayshum · #15 06-18-2025, 10:14 AM

Quote:

Originally Posted by cardsagain74

Don't know about the others, but Greg Morris is nowhere close to this.

Last I looked, it was $5 k minimum submission for consignment. And they take 25% of raw vintage consigned sales.

Quote:

Originally Posted by parkplace33

25 percent of raw sales! Goodness.

Is that really much different from an AH? If there's a 20% BP and some seller commission (which is probably at least 5% if not more on lower priced items), then selling through an AH is costing at least 25% if not more.

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