BIN vs. Auction

[Orioles1954]

There are also some sellers who put their BIN about 10-20% above VCP or other auction related prices realized. I have found these folks to be a lot more accomodating. By the way, how much does a bare bones, no frills e-bay store cost?

[Matt]

Originally Posted by Orioles1954

There are also some sellers who put their BIN about 10-20% above VCP or other auction related prices realized. I have found these folks to be a lot more accomodating. By the way, how much does a bare bones, no frills e-bay store cost?

Someone should correct me, but I believe with the stores, the final value fees are even higher then they are with eBay auctions (maybe 50% higher) so the listing fee is lower but they hit you harder on the back end.

[smtjoy]

Fees are lower for auction format but if your items are selling for much less, its still well worth it to use BIN's.

Auction format-
$0.01 - $25.00**
8.75% of the closing value

$25.01- $1,000.00
8.75% of the initial $25.00 ($2.19), plus 3.50% of the remaining closing value balance($25.01 - $1,000.00)


Fixed Price-
$0.01 - $50.00
12.00% of the closing value

$50.01 - $1,000.00
12.00% of the initial $50.00, plus 6.00% of the remaining closing value balance ($50.01-$1,000.00)



Stores start at $15.95 plus per listing-

$1.00 - $24.99**
$0.03
$0.03 / 30 days

$25.00 - $199.99
$0.05
$0.05 / 30 days

$200.00 and above
$0.10
$0.10 / 30 days

[J.McMurry]

I love to watch the show "Pawn Stars" on A&E,and a recent episode reminded me of exactly this topic. The head guy swung a deal on some rare historical item and then speaking into the camera said "I'm so glad I got this item, cause I'm going to stick it in a store case and put a REALLY high price tag on it, because I dont care if I never sell it."

[Orioles1954]

Is that 15.95 per month?

[smtjoy]

Yes that is the monthly fee

[doug.goodman]

Evidently, my note was misread, I did not make reference to making offers within 20% of the BIN price, what I said was that I have made offers for 20% of the BIN price.

Yesterday I bought an $80 BIN item for $25 (slightly over 30%).

Doug

[Exhibitman]

Many good points made here.

The last two years on Ebay have been very trying from a seller's perspective. I have purchased cards for fractions of what they had sold for before the Great Recession hit home. That has to hurt like heck for the sellers and I am sure some of them are absorbing large losses just to generate cash flow. I can definitely see how people who have not got an immediate need for cash could opt to ignore the current market conditions and simply list BINS where they'd like the prices to be. Scott makes a great point about VCP, markets and tough cards. I don't care what a price guide says. It just isn't germane to the discussion because the card is so hard to find anyway. I have been stockpiling tough cards when I can get them for a song because everything is cyclical and when things in general come back so will prices on cards. Buyers who get peeved about a seller not recognizing a short term price swing have to understand that a lot of collectors who deal part time don't need to sell into a slump and won't be swayed by price guides reflecting a down economy. The old line that past performance is no guarantee of future performance swings both directions--just because a card has sold lately for X doesn't mean it will stay at that level--so there is no justification for getting one's knickers in a twist because a seller prices his cards where he thinks they should be. Just call him a nasty name and move on to the next listing.