auction v BIN on ebay

barrysloate · #1 05-19-2009, 12:37 PM

Peter- those numbers are so skewed it makes the old ebay model unrecognizable.

Touch'EmAll · #2 05-19-2009, 02:18 PM

With high(er) end PSA, playing both BIN and auction starting at one penny - sometimes you get disappointed with auction (aka recent PSA 5 T206 Speaker), then again the auction surprises you with nice results (aka T206 W.Johnson PSA 5 and 1949 Bowman Paige PSA 6) - toss up to me.

You always hold your breath a little with the auction - as the last day approaches and its far from your desired price.

From the high percentage of BIN's - people are willing to pay extra for a BIN situation, because they are too scared with auction.

steve

Mark · #3 05-19-2009, 02:27 PM

What is the ratio between completed BIN's above $200 and auctions above $200?

Matt · #4 05-19-2009, 02:34 PM

Quote:

Originally Posted by Mark

What is the ratio between completed BIN's above $200 and auctions above $200?

Great Question! It's not letting me sort completed items by auction type - anyone know how?

Peter_Spaeth · #5 05-19-2009, 02:50 PM

An even more interesting question would be what percentage of BINs have been up there for over a year.

Mark · #6 05-19-2009, 03:07 PM

Peter
Yes, but those eternally present BIN's serve at least one purpose: they let me know the price at which many of my cards will not sell. By telling me what the cards are not worth, they are something like a poor man's VCP.

Peter_Spaeth · #7 05-19-2009, 03:14 PM

40 auctions, 4408 BIN

calvindog · #8 05-19-2009, 03:40 PM

Quote:

Originally Posted by Mark

Peter
Yes, but those eternally present BIN's serve at least one purpose: they let me know the price at which many of my cards will not sell. By telling me what the cards are not worth, they are something like a poor man's VCP.

LOL this is so true. When you see a card on BIN which you already own, you pretty much know what price the card will NOT sell for.

mfs-1 · #9 05-22-2009, 06:16 PM

I've always posted my stuff with a $.99 starting bid. I would be a little concerened about doing that with my much higher valued cards, but then I would stretch it to a 10 day auction.
I mean, if you really want to sell it, there's really no other way to go about it.
Sometimes I see BINs go, but why take the chance of the card not selling?
...unless you have the time. It still costs ebay fees if you dont sell it, and your time.

Matt · #10 05-20-2009, 06:34 AM

Quote:

Originally Posted by Mark

What is the ratio between completed BIN's above $200 and auctions above $200?

Anyone able to research Mark's question? Just a cursory glance looks like more $200 sales have been made through BIN then via auction.

makersmarkambassador · #11 05-20-2009, 07:20 AM

I don't know if this has been mentioned, but when you search, I believe it pulls from stores also. That may be why there are so many BINs. Just a theory...I may be mistaken though.

I know when I do a search, I always get sellers stores in the search. It's sure is annoying, because I rarely buy from stores anymore due to them being over priced.

JK · #12 05-20-2009, 08:11 AM

I realize that BINs have been historically high, but I wonder what effect the Microsoft Cashback program has had on BIN prices. My sense is that as more and more sellers realized that buyers were getting cashback discounts, they began raising their prices even though the cashback wasn't coming out of their pockets - the thinking being that they could list it for more and still make a sale since the buyers would ultimately net out around market price after receiving their cashback.

I also wonder whether ebay has had the desired results after shifting to a more store oriented business. It seems to me that the more overpriced BINs you have, the more you have buyers contacting sellers and trying to make "off line" deals for which ebay ultimately gets no cut.

hanksta · #13 05-20-2009, 08:41 AM

One thing about BIN vs. auctions is the final value fee, with an auction the fee is 8.75% and a BIN (fixed price) is 12%.

Either way eBay seems to get their money, the lower fee to list a BIN but a higher cost when it sells.

HRBAKER · #14 05-22-2009, 06:05 PM

Quote:

Originally Posted by Matt

Anyone able to research Mark's question? Just a cursory glance looks like more $200 sales have been made through BIN then via auction.

I am not sure this is a valid question. God only knows how long most of those $200+ BIN sales were listed bf they finally sold. I routinely hit the "Auctions Only" tab as I have wearied of looking through the overpriced listings. I am ok with missing the occasional good deal not to waste my time.

marvjung · #15 05-19-2009, 02:34 PM

BIN's are usually always higher - but on rare occasion, I do find a deal here or there (I've decided to make an attempt to complete the "monster," but in it's pure form - all 6,000+ cards and I've resigned myself 20 years to do it - no joke!).

I prefer to buy at auction and sometimes, I get great deals and sometimes, well, I usually pay market, maybe a tiny bit more, but not much to have any type of remorse.

I've also noticed that when it comes to the commons, those are fairly easy to get; it's the HOF'ers, rarities, difficult backs, where I end up paying quite a bit more, but that's ok as I love to hunt those.