Selling $10,000 + sale on ebay

hockeyhockey · #1 10-16-2021, 07:40 AM

that level of sale, i'd probably use a 3rd party to sell it. takes all the risk out of your hands and assume the fees aren't much different than you're giving ebay.

Snapolit1 · #2 10-16-2021, 08:36 AM

My fear has always been that someone will pay pal me the funds, I will go mail it, and then 30 minutes later I will get a message that they canceled the transaction. Has never happened but those sorts of shenanigans do worry me. As soon as the money hits my paypal it's transferred to the bank.

Frankly I think a lot of folks don't feel comfortable doing that level of transaction over eBay. I'd give it to one of the AHs that advertise here. A nice presentation by an AH can go a long way.

todeen · #3 10-16-2021, 08:53 AM

Quote:

Originally Posted by Snapolit1

My fear has always been that someone will pay pal me the funds, I will go mail it, and then 30 minutes later I will get a message that they canceled the transaction. Has never happened but those sorts of shenanigans do worry me. As soon as the money hits my paypal it's transferred to the bank.

Frankly I think a lot of folks don't feel comfortable doing that level of transaction over eBay. I'd give it to one of the AHs that advertise here. A nice presentation by an AH can go a long way.

From stories told here on Net54, I agree wouldn't sell a $10k item on ebay. Especially if you are doing it in immediate future. It's getting close to holiday shipping season, and last year hundreds of Net54 members were sharing stories of lost packages, or packages sitting not being unloaded. Every major news service is already running stories that consumers should expect the same problems this year.

Sent from my SAMSUNG-SM-G930A using Tapatalk

mrreality68 · #4 10-16-2021, 08:55 AM

I have never had an issue at that level buying or selling cards on ebay.

However, at that level I would rather sell at an auction house mainly because of the potential for more people with those funds looking and potentially bidding on it and potentially getting in a bidding war(or caught up in it) and you getting a higher prices then you would have.

The fee is higher at the Auction House but IMO it is worth it for the reasons I mentioned and the cleaner financial and shipping transactions that that Auction House handles for you

jcmtiger · #5 10-16-2021, 09:14 AM

Thanks for all the input, I will probably go with AH. I have sold high price items via AH before. I was curious because I saw an item that sold for $12,000.00. I have a similar item I am thinking of selling. I messaged the seller about the sale price, but no answer yet. Joe

jcmtiger · #6 10-17-2021, 10:05 AM

Quote:

Originally Posted by jcmtiger

Thanks for all the input, I will probably go with AH. I have sold high price items via AH before. I was curious because I saw an item that sold for $12,000.00. I have a similar item I am thinking of selling. I messaged the seller about the sale price, but no answer yet. Joe

Seller answered back, sold the item for $11,000.00

Fred · #7 10-16-2021, 09:19 AM

How much are the ebay fees or a $10K transaction? If it were sold via an auction house then it could be a 15% fee ($1,500).

I used to sell things on ebay and never got burned as a seller but that was a long time ago.

Jim65 · #8 10-16-2021, 10:52 AM

Quote:

Originally Posted by Fred

How much are the ebay fees or a $10K transaction? If it were sold via an auction house then it could be a 15% fee ($1,500).

I used to sell things on ebay and never got burned as a seller but that was a long time ago.

Sports memorabilia is 12.35% up to $7500 and 2.35% of the portion above $7500. The fee on $10000 would be $985.

Jim65 · #9 10-16-2021, 10:55 AM

Just a FYI, Ebay changed their policy on sports cards returns, buyers now have 3 days to return a sports card if the seller doesn't offer returns instead of the old 30 days.

RL · #10 10-16-2021, 04:08 PM

Quote:

Originally Posted by Jim65

Just a FYI, Ebay changed their policy on sports cards returns, buyers now have 3 days to return a sports card if the seller doesn't offer returns instead of the old 30 days.

a buyer can still file a chargeback with their credit card

Snowman · #11 10-17-2021, 03:27 AM

Quote:

Originally Posted by Jim65

Sports memorabilia is 12.35% up to $7500 and 2.35% of the portion above $7500. The fee on $10000 would be $985.

The fees are a lot lower if you have an eBay "store" (which is pretty inexpensive to get).

11.5% on total amount of the sale up to $2,500 calculated per item
2.35% on the portion of the sale over $2,500

I recently sold a card for $8650. The eBay fees were $432.

ullmandds · #12 10-16-2021, 11:03 AM

Quote:

Originally Posted by Fred

How much are the ebay fees or a $10K transaction? If it were sold via an auction house then it could be a 15% fee ($1,500).

I used to sell things on ebay and never got burned as a seller but that was a long time ago.

And I don�t know any auction houses that will charge you a selling commission on a $10,000 item! I would certainly never use this auction house?

mrreality68 · #13 10-16-2021, 11:12 AM

Quote:

Originally Posted by ullmandds

And I don�t know any auction houses that will charge you a selling commission on a $10,000 item! I would certainly never use this auction house?

Agreed

usually on high end/value cards the Auction House will waive the fee (They may not give points back that is usually for higher end/value cards but it never hurts to ask)

Thus it is cheaper then ebay fee wise and you get the other potential benefits already mentioned.

oldjudge · #14 10-17-2021, 02:28 PM

Quote:

Originally Posted by mrreality68

Agreed

usually on high end/value cards the Auction House will waive the fee (They may not give points back that is usually for higher end/value cards but it never hurts to ask)

Thus it is cheaper then ebay fee wise and you get the other potential benefits already mentioned.

You guys are looking at this the wrong way. The �fee� you are charged by an auction house is the reduction from the final selling price. Suppose an item in an auction hammers for $10,000. If the auction has a 20% buyers commission then the final price is $12,000. Even if you have no sellers commission you will only receive $10,000 so your effective fee is $2000. This is more than ebay would charge you. The only way to equalize the two is to also get part of the buyers commission. In the above example I am assuming that the card would also realize $12,000 on eBay. If you think the auction house would do better than eBay then you need to work that into your calculation.

Snapolit1 · #15 10-16-2021, 11:17 AM

Quote:

Originally Posted by ullmandds

And I don’t know any auction houses that will charge you a selling commission on a $10,000 item! I would certainly never use this auction house?

It's really odd. I had an over 6 figure card that I sold with an AH earlier this year. Knew 99% who I wanted to sell it with anyway, but had a few discussions with AH's I've purchased from in the past. With one of them had a perfectly odd conversation where the owner was like "I can see what I can possibly do to reduce the seller's commission . . ." The whole point of my call was to see how much over 100% I could negotiate. It's just a weird dance. I'm not saying they are trying to take advantage of uninformed sellers, but it definitely seems like they are trying to see how much you know. Like walking into a car dealership. Call of course went nowhere and I sent the card to the AH I wanted to use all long. Guy didn't help him self with the cagey poker routine.

isiahfan · #16 10-16-2021, 11:56 AM

Quote:

Originally Posted by Snapolit1

It's really odd. I had an over 6 figure card that I sold with an AH earlier this year. Knew 99% who I wanted to sell it with anyway, but had a few discussions with AH's I've purchased from in the past. With one of them had a perfectly odd conversation where the owner was like "I can see what I can possibly do to reduce the seller's commission . . ." The whole point of my call was to see how much over 100% I could negotiate. It's just a weird dance. I'm not saying they are trying to take advantage of uninformed sellers, but it definitely seems like they are trying to see how much you know. Like walking into a car dealership. Call of course went nowhere and I sent the card to the AH I wanted to use all long. Guy didn't help him self with the cagey poker routine.

Interesting...I am not a big user of AH but will be using one for a couple of items I have. I knew most would waive the fee or don't charge any for sellers...but wasn't aware you could negotiate to get (essentially) part of the buyer's premium as well. Thanks

bobbyw8469 · #17 10-16-2021, 11:58 AM

Quote:

Originally Posted by Snapolit1

It's really odd. I had an over 6 figure card that I sold with an AH earlier this year. Knew 99% who I wanted to sell it with anyway, but had a few discussions with AH's I've purchased from in the past. With one of them had a perfectly odd conversation where the owner was like "I can see what I can possibly do to reduce the seller's commission . . ." The whole point of my call was to see how much over 100% I could negotiate. It's just a weird dance. I'm not saying they are trying to take advantage of uninformed sellers, but it definitely seems like they are trying to see how much you know. Like walking into a car dealership. Call of course went nowhere and I sent the card to the AH I wanted to use all long. Guy didn't help him self with the cagey poker routine.

OVER 6 figures??? So it as a million dollar card?? Can I ask what card it was?

Peter_Spaeth · #18 10-16-2021, 04:48 PM

Quote:

Originally Posted by Snapolit1

It's really odd. I had an over 6 figure card that I sold with an AH earlier this year. Knew 99% who I wanted to sell it with anyway, but had a few discussions with AH's I've purchased from in the past. With one of them had a perfectly odd conversation where the owner was like "I can see what I can possibly do to reduce the seller's commission . . ." The whole point of my call was to see how much over 100% I could negotiate. It's just a weird dance. I'm not saying they are trying to take advantage of uninformed sellers, but it definitely seems like they are trying to see how much you know. Like walking into a car dealership. Call of course went nowhere and I sent the card to the AH I wanted to use all long. Guy didn't help him self with the cagey poker routine.

When my brothers and I sold a couple of my parents' paintings I talked first to Christie's. They acted all surprised when I asked about the buyer's premium, like why would I possibly be concerned with that?

Snowman · #19 10-17-2021, 03:31 AM

Quote:

Originally Posted by ullmandds

And I don�t know any auction houses that will charge you a selling commission on a $10,000 item! I would certainly never use this auction house?

The buyer's premium is a pretty hefty commission though. I would almost never consider selling a card through a major auction house unless it was a 6 figure card or more. The fees are ridiculously high, and the prices realized are often a huge gamble.

Thread Tools
Show Printable Version Email this Page
Display Modes
Switch to Linear Mode Hybrid Mode Switch to Threaded Mode

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
OT- selling on ebay	EvilKing00	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	23	06-18-2020 08:59 PM
I'm selling a 1965 Mickey Mantle Topps 8.5 Graded for $5700 off ebay or $6200 on ebay	brettbrett88	1960-1979 Baseball Cards B/S/T	18	07-02-2017 09:00 AM
Selling on my eBay now!	Yi	Net54baseball Sports (Primarily) Vintage Memorabilia Forum incl. Game Used	22	04-20-2014 11:26 PM
Selling on my eBay now!	Yi	Ebay, Auction and other Venues Announcement- B/S/T	1	04-16-2014 01:45 AM
Selling on my eBay now!	Yi	Baseball Memorabilia B/S/T	1	04-16-2014 01:44 AM