How does one avoiding losing their shirts with auctions houses?

[BeanTown]

The landscape for auction houses have changed. Ten years ago it was the norm to see auction house advertise no reserves. Now, it's more acceptable to have a reserve as long as it's disclosed. Just like it's the norm to report cash payments to the IRS, when you are providing a service or selling a good.

Good luck in finding an auction house to use. I don't think you can go wrong with any Net54 advertisers. Most have the same mailing list and will get your consignments out in front of active bidders.

[pokerplyr80]

I send most of my consignments to pwcc. 4688 - 10% would have netted about 4200 in this situation. Also I would never agree to consign a card to an AH that charges a buyer's premium and a commission.

[bobbyw8469]

Originally Posted by pokerplyr80

I send most of my consignments to pwcc. 4688 - 10% would have netted about 4200 in this situation. Also I would never agree to consign a card to an AH that charges a buyer's premium and a commission.

Is PWCC losing some of their luster Jesse? Basically, they are just listing on Ebay, the same as you and I can do. Why not list the item yourself and save the $488?

[bnorth]

Originally Posted by bobbyw8469

Is PWCC losing some of their luster Jesse? Basically, they are just listing on Ebay, the same as you and I can do. Why not list the item yourself and save the $488?

I would never stick up for PWCC. Saying that I do not understand your post Bobby. PWCC charges 9%. eBay and PayPal fees are around 13% so how could anybody have saved any $? It seems to me the seller would be saving the hassle of listing plus shipping charges plus saving $ on fees.

[pokerplyr80]

Originally Posted by bobbyw8469

Is PWCC losing some of their luster Jesse? Basically, they are just listing on Ebay, the same as you and I can do. Why not list the item yourself and save the $488?

I believe that max fee for a card on ebay is $250 (please correct me if I'm wrong). Plus 3% for paypal would be 375 or so in fees, or only 100 bucks less than I would get if I could realize the same price as pwcc. I highly doubt I could, and even if it were possible it would be worth the 100 bucks not to have to deal with people, returns, chargebacks, etc.

[bobbyw8469]

Originally Posted by pokerplyr80

I believe that max fee for a card on ebay is $250 (please correct me if I'm wrong). Plus 3% for paypal would be 375 or so in fees, or only 100 bucks less than I would get if I could realize the same price as pwcc. I highly doubt I could, and even if it were possible it would be worth the 100 bucks not to have to deal with people, returns, chargebacks, etc.

To each their own....if they didn't wait so long to pay out consignments, they would be perfect. But I totally get what you are saying.

[pokerplyr80]

Originally Posted by bobbyw8469

To each their own....if they didn't wait so long to pay out consignments, they would be perfect. But I totally get what you are saying.

I've never had a problem with prompt payouts and just find it easier along with netting more than I could on my own. I have used invest in baseball with cards I did not want to roll the dice on at auction. I've also sold a few cards on net54. I've been pleased with the results each time. Selling on my own is definitely as hassle though.

[irv]

Originally Posted by calvindog

Send emails to auction houses insisting upon hidden reserves and the ability to bid on your own lots. Be told that it's illegal and they won't do it by some of them -- but eventually one will allow you. Pretend you don't know what anyone is talking about when word gets out about it.

[wondo]

Originally Posted by pokerplyr80

I believe that max fee for a card on ebay is $250 (please correct me if I'm wrong). Plus 3% for paypal would be 375 or so in fees, or only 100 bucks less than I would get if I could realize the same price as pwcc. I highly doubt I could, and even if it were possible it would be worth the 100 bucks not to have to deal with people, returns, chargebacks, etc.

Maximum Seller's Fee at ebay is being raised from $250 to $750. The change may have already taken place.

[rats60]

Originally Posted by wondo

Maximum Seller's Fee at ebay is being raised from $250 to $750. The change may have already taken place.

Yes it has, so unless your item is going to sell for more than 12k, it is cheaper to use a consignor.