Greg Morris Marketplace closing

[carlsonjok]

Originally Posted by Bigdaddy

Just saw this note while logging into GregMorrisMarketplace:

Notice: Auctions on our website will be halted as of May 20. Visit our eBay store for future listings: eBay Store

Anyone here using the marketplace? I've had several orders and found it to be pretty user-friendly and great for building sets.

I guess there wasn't enough $$ in it to have that site going in addition to their eBay sales.

I have had one experience with the Marketplace site, so this observation is clearly more anecdote than data. But, I bid on and won several 1967 Topps high numbers at a price well below what they would have realized on the GM EBay page. If that has been the experience more broadly, I would speculate that the profits realized by both Greg Morris Cards and their consigners made the Marketplace a losing proposition.

[raulus]

Originally Posted by carlsonjok

I have had one experience with the Marketplace site, so this observation is clearly more anecdote than data. But, I bid on and won several 1967 Topps high numbers at a price well below what they would have realized on the GM EBay page. If that has been the experience more broadly, I would speculate that the profits realized by both Greg Morris Cards and their consigners made the Marketplace a losing proposition.

Definitely seems like GM gets nice prices on eBay, and it probably doesn’t take much in the way of fewer eyeballs for their website to struggle to reach those same heights. So not really surprised at your experience, and would guess that this was a common outcome at their site.

[Snowman]

Originally Posted by carlsonjok

I have had one experience with the Marketplace site, so this observation is clearly more anecdote than data. But, I bid on and won several 1967 Topps high numbers at a price well below what they would have realized on the GM EBay page. If that has been the experience more broadly, I would speculate that the profits realized by both Greg Morris Cards and their consigners made the Marketplace a losing proposition.

This is, of course, why they gave up on it. You only get one chance to make a first impression, and they dropped the ball right out of the gate with their platform having all sorts of issues with bidding. And they never put good cards on there either. So there was no draw. People who came to check it out, like myself, didn't come back. Hammer prices are a function of the number of eyeballs and they didn't have enough of them.