BIN vs. Auction

[tbob]

Obviously some sellers are relying on:
1) an uneducated buyer
2) the chance for a "counter-offer" at the real price they are willing to sell a card for
3) the low listing prices for BIN items
4) the impulse buying mood striking

I agree with the posters, it gets very old to see the same sellers trotting out the same old inventory at exorbitant prices month after month. One encouraging note, I have seen a couple of these sellers suddenly release some of these cards as auctions with low starting bids lately.

[jb217676]

Not only do I collect vintage baseball cards, but I also collect vintage hockey cards. The only set I am actively working on right now is a PSA 8 1963-64 Parkhurst hockey set, making these the cards I search for most often on ebay. For example, I have seen the high number Jean Beliveau with a BIN price of $185.00 US. I bought the exact same card in an auction for $58.00 US delivered. Unless you have money to burn or just need one or two cards to finish a set, I would always avoid a BIN price.

[lharri3600]

final value fees on bin's is around 18%

[ChiefBenderForever]

Originally Posted by lharri3600

final value fees on bin's is around 18%

I thought it was 8% ?

[bobbyw8469]

Speaking for myself as a seller, it gets old selling a VCP average $950 card sell for only $300 thru the auction format. Alot of sellers get tired of giving their stuff away thru auctions when noone bids on them. That is why you see all of the BIN's.......

[sgbernard]

But if there's no one who will pay $950 for it, then it's not worth $950, no matter what the VCP says.

[bobbyw8469]

No, but you seem to expect to be close to that. If Wal-Mart stock sold last week for $50 a share, you don't expect yours to sell the very next week for $3.

[bbcemporium]

Originally Posted by bobbyw8469

Speaking for myself as a seller, it gets old selling a VCP average $950 card sell for only $300 thru the auction format. Alot of sellers get tired of giving their stuff away thru auctions when noone bids on them. That is why you see all of the BIN's.......

Bobbyw8469,
Which card of yours sold for $300 that had a VCP of $950? I regularly buy and sell cards via the auction format, and they nearly always end near the average VCP, some better, some worse.

[calvindog]

Could be that Frank DiRoberto was the underbidder on that $950 card and that's why it went so high. You guys appreciate that not all cards that are 'sold' and end up on VCP are not actually sold, right? This was part of the Mastro business model.