BIN vs. Auction

[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.

[bobbyw8469]

...to summarize, it only takes one or two auctions where the sellers loses quite a bit on money to turn him/her off of the auction format and stick with BIN's....Ebay just isn't a fun place to buy OR sell anymore.

The best BIN's are the ones so over priced they will never sell and after a few months the same people over and over buy the cards from the sellers. Sounds fishy to me. I think I have seen one relisted layely from the seller that had it listed last yr. Funny how he sold it for 4x's it's price and got the same one back to sell again. Think it has to do with the power seller status or something

[bobbyw8469]

If he sold it awhile backj, and is selling it again, more than likely he had a deadbeat bidder win it. They seem to be plentiful lately, and we can't leave them negatives to warn other sellers.....

[WarHoundR69]

If you have an Ebay Store it costs between 3 to 5 cents to list a BIN. Then every 30 days the item automatically relists at no additional charge.

I have the best offer option listed with the BIN price. I get a certain amount of BIN purchases but I'm usually willing to except offers up to 40% off the BIN price.

So open an Ebay Store ($15.95 per month for the cheapest option), list once for a few pennies and forget about it until you get your price for what you are selling. After all a collectible is worth what someone is willing to pay for it.

If you don't like the price, move on & don't complain about it. If you don't need cash immediately you can be pretty patient (From a seller's perspective) and wait for your price.

[abrahamrudy]

I find that sometimes a card will pop up with a BIN that is at or even below what you'd expect the bid to be. I've been tracking '48 Bowman Rizzutos for a while and I found that low to mid grade cards range from 60 to 100, and all of a sudden one popped up with a BIN for 50. I guess it depends on the seller.

What really ticks me off is how your Best Offer can be rejected automatically. To me, it seems like that kinda defeats the purpose of the B.O. function.

[insidethewrapper]

I've been successful using the "Best Offer" option. I have purchased many items I wanted at 50-70% off the asking BIN price.

Many dealers test the market with BIN, but they don't adjust the price. Let say a card is listed BIN at $ 500 for 60 days with no offers. The dealer needs to adjust to maybe $ 425 for 30 days etc. Dealers need collectors.

I don't understand, most business I have been associated with advise to move inventory and use the cash for more deals.

I've been to shows with dealers having several Mantle Rookies on their tables and will not lower the price. Not much fun to die and still have these cards, so the wife can sell for pennies on the dollar.

[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.

[Matt]

Originally Posted by calvindog

You guys appreciate that not all cards that are 'sold' and end up on VCP are not actually sold, right?

Next thing you'll be saying that a peanut is not a nut.

[bbcemporium]

Calvindog,
I primarily collect post-war cards that have a wealth of sales history, so an anomaly is fairly easy to identify. However, yes, I am aware of sellers with rare, scarce, or low pop cards trying to create a false sales history to influence future sales.

[calvindog]

Well, while I do find that most post-war graded cards usually end up within a range from ebay sales, I do agree that there can be the occasional very wide disparity -- but usually not 2-300% off, right?

[bbcemporium]

Originally Posted by calvindog

Well, while I do find that most post-war graded cards usually end up within a range from ebay sales, I do agree that there can be the occasional very wide disparity -- but usually not 2-300% off, right?

For post-war cards, with the exception of rare, scarce and low pop cards, I have observed a relatively low deviation of sales prices (maybe 10-30%). If the difference is much higher, usually there is a reason why. That is why I was curious as to what card bobby had sold.