Consignor Frustrations - Probstein

[bnorth]

Originally Posted by savedfrommyspokes

Ben, here are the most recent rates that Probstein charges:

over $2500 , you get 90% of the sales price ( probstein123 pays all ebay and paypal fees )
btw $1000-$2499 , you get 89% of the sales price ( probstein123 pays all ebay and paypal fees )
btw 100-$999 , you get 88% of the sales price ( probstein123 pays all ebay and paypal fees )
btw $50-99 , you get 87% of the sales price ( probstein123 pays all ebay and paypal fees )
btw $25-49 , you get 86% of the sales price ( probstein123 pays all ebay and paypal fees )
below $25 , you get 85% of the sales price ( probstein123 pays all ebay and paypal fees )

Thank you Larry, Now I understand why people sell through consigners. In most cases it is as cheap as listing on eBay yourself and also has the added benefit of not having to deal with buyers. I always assumed you got a % after eBay/paypal fees.

[Rich Klein]

Rick Post on the CU board that he and PWCC are EBay "preferred" dealers (i don't think that is the correct term) and I bet they get a special rate.

Rich

[lahmejoon]

Wow, that's pretty reasonable. I've never consigned anything before, but it would seem that with the premium his auctions tend to get, a seller could come out the same or better with less hassle. What is PWCC's pricing structure?

[savedfrommyspokes]

Originally Posted by lahmejoon

Wow, that's pretty reasonable. I've never consigned anything before, but it would seem that with the premium his auctions tend to get, a seller could come out the same or better with less hassle. What is PWCC's pricing structure?

Here are PWCC's rates off of their website:

Single Graded Cards (PSA, SGC, BVG, BGS)
Auction Sale Price Rate
$0 - $100* $6 + 10%*
$100 - $200* 15.0%*
$200 - $1,000 13.5%
$1,000 - $2,000 12.0%
$2,000 - $3,000 11.0%
$3,000 - $4,000 10.0%
$4,000 - $5,000 9.0%
$5,000 - up 8.0%
* Ask for special PSA 'Set Break' & volume discounts for these rate categories: brent@pwccauctions.com


Single Ungraded Cards*, Small Group Lots**, Memorabilia***
Auction Sale Price Rate
Minimum $50 Auction Value
$50 - $100 $10 + 10%
$100 - $200 20.0%
$200 - $500 17.5%
$500 - $2,000 15%
$2,000 - $5,000 12.5%
$5,000 - up 10%
* Singles graded by companies other than PSA, SGC, or BVG/BGS are considered ungraded
** Small group lots can contain up to 50 raw or graded cards per lot
*** All memorabilia must be authenticated by PSA/DNA, JSA, UDA, or Steiner

Complete Sets & Large Group Lots
Auction Sale Price Rate
Minimum $250 Auction Value
$250 - $500 $50 + 10%
$500 - $1,000 20.0%
$1,000 - $2,000 15.0%
$2,000 - $5,000 12.5%
$5,000 - up 10%

Unless PWCC and Probstein are getting a better deal from ebay, they pay 8% (after their TRS discount) to ebay for their final value fees. Depending on how they have set up their incoming payments through paypal, they are likely paying between 1-2%/per dollar on their incoming paypal payments.

[Exhibitman]

That PWCC hard minimum plus % will kill you on lower value cards. If a card sells for $10, my cost is 70% [$6 + $1 = $7/$10 = 70%]. That is like the old Teletrade. At $20 it still costs me $6 + $2 = $8 = 40%--which is more than major auction house commission plus buyer premium level. If a card sells for $35--which is a pretty strong sale--it costs me $6 + $3.50 = $9.50/$35 = 27.14%

[peterose4hof]

Teletrade! Wow, that's a name I haven't heard in a long time. I can still hear in my head the robotic voice, "Welcome to Teletrade".

[KC Doughboy]

For anyone considering using Probstein, please read my story...

And it continues...

They have now had my cards for over 2 months and because they don't want any cards under $25 in value, they are supposed to be mailing back the my 500 remaining 1952's, 1953's etc.

Getting my cards back from Probstein has been like getting them sold.

"We will get them in the mail to you this week."
..."We are shipping them Monday and we'll give you the tracking number."
..."the guy who does shipping is gone so I can't get a tracking number for you."
..."You will have them by Thursday at the latest, if not Wednesday."

The result... it's Thursday and all I hear are Crickets... no cards, no tracking number, no return phone calls, no return e-mail!!

My advice to anyone considering Probstein,
"NOOOOOOOOOOOOOOOOOOOOOO"