Dealers bidding on eBay items

onegaucho

Just a quick question on what people's thoughts are on dealers bidding on eBay items.

I've been outbid before on items by keppler and kityoung. A little frustrating but I'm guessing it's for their own personal collections or for private buyers that they fill want lists for.

In any case, I don't care that they bid and win, it's a free market, I would just have hoped they'd sign up under a different id to do their bidding. I haven't seen the case where a well known dealer has bought an item and then turned around and tried to resell it. That would be bad.

Thoughts?

acowa

Why would that be "bad"? Isn't that the definition of being a dealer?


Regards,


Alan

spacktrack

<< <i>I haven't seen the case where a well known dealer has bought an item and then turned around and tried to resell it. That would be bad. >>



I am lost as to what you think is the problem. That is what a dealer does, isn't it?

beefcake210

Do you realize what this market would be like without dealer support?? I'm happy to see buyers like Kris and Kit on my items...

qualitycards

As a dealer thats exactly what I do.

Plus virtually every collector who bids is a part time dealer too! I know of dozens of collectors who sell their excess on eBay.
I sell alot via eBay and am very happy when a Keppler or KitYoung bids, they each have won off of me numerous times, they pay quick and I hope they make $ when they resell it...jay

Basilone

Just keep a log of what they pay on their winning bids...that way when you go to buy off of them...you know what they have into it when you negotiate.

John

Basilone

<< <i>I've been outbid before on items by keppler and kityoung >>



What kind of percentage to SMR are you bidding at? You may have to reevaluate you price points.

For example, if I kept getting outbid by LMAYER then a review of the current market for the set I collect would be in order.

onegaucho

OK. Makes sense. Sometimes I get frustrated when I see a well known dealer bid on an item I'm after for my sets. It would just be more frustrating if I saw it go back up on the market at a later time. So yeah, I understand the concept of buying and selling and see everyone's point. Thanks.

dbj77

Jay bids on my auctions! I say let him. As a seller I don't care who wins, and a dealer is more likely to practice good business (i.e. pay and pay on time!).

dstudeba

Personally I would be very happy to see them put it up on the market (especially on eBay) at a later time. Theoretically the price it goes at will now be lower because the previous high bidder is out (they are now the seller).

Mantlefan

Dealers are great bidders and they pay promptly. If you think about it, we collectors buy our cards, hold onto them for awhile, and eventually we, or our heirs, sell them. In that sense, we're all dealers, only our turnaround time is a bit longer!

Virtualizard

One point that nobody mentioned - if a dealer (i.e. someone in it only for financial gain) outbids you on an auction, you would have to assume that the current market value of that card is higher than what you were willing to pay. If the dealer can turn around and make a profit on the card, your bid was way too low. On the other hand, some dealers do have their own private collections. Ebay is the great equalizer - dealers and collectors are all dealt the same hand.

JEB.

Noname

They may keep their id's the same to scare off other bidders since they are "dealers" and the other bidders will assume they have a lot of money to bid.

Basilone

Or they could keep their business name purely for advertising purposes...(its free).

RobE

Every dealer I've ever sold to bid,paid quickly and in one case they left feedback when I emailed to inform them the card was dropped in the mail that very day.

It's an open market for everyone.

The Collector,the dealer,the mother buying a Bucky Dent card for her son who idolizes him as a baseball player.

Lets keep the hobby spinning in a good direction!!!!!!!!!!!!!

ydsotter

One dealer outbid me on a card at $13.00...
A year later, I paid $60 for it on his website...
smart dealer.

yawie99

I like it, as it's indicative of the equal access to the marketplace that eBay has given us. However, I sometimes wonder what became of the PSA 9 '84 Fleer Update Kirby Puckett XRC that WIWAG once won from me.

marty

I have been to live auctions where a collector complained that I, a dealer, was buying too much. I always felt that when a collector can get an item for one bid higher than a dealer, that was a pretty good buy. The dealer is looking for a profit and it will normally be more than just one bump.
Kit Young will be a very strong buyer of different issues from time to time. In the past few months, he has been a very strong buyer of Cracker Jack cards. He was bidding higher than I was asking on my web site. This is when I chose to sell into the frenzie before someone else buys me out and does the same.
I know that it can be very fusturating to watch everything that you are interested in go way beyond your buying price. I could go the other way and say that if the collectors were not bidding in Mastro, I would be able to pick up some nice new inventory.

Buckwheat

I agree with all of the other posts. There is nothing wrong with a dealer restocking his inventory on Ebay. It is not like they are manking new cards! So they can't buy them wholesale. And now, since anyone can sell on Ebay, the public isn't taking large quantities of cards into dealers.

If you can buy a "steal" on Ebay, and than then can resell it for more, then good for you, dealer or collector.

When you go to a used car auction, or an estate auction with antiques and collectibles you can be sure that there are a mix of dealers and "retail" buyers, just like on Ebay. I don't like to get outbid by either one!!

BigKidAtHeart

as a seller I do not care Who bids
as long as they pay me quickly...
and Kityoung has bought from me
(and I from him) and they ALWAYS
Paid for their items really fast,
which is more than I can say for 70%
of regular bidders.

purelyPSA

So, I take it everyone agrees that card "flipping" is 100% kosher? I'm not talking about legality or ethics - because both are obviously OK there - I'm talking about people getting hacked off at the thought of someone else profiting off of them. Personally I don't care at all but there's a lot of people out there who do.

NickM

Why not watch the dealer's bidding and factor that into calculating what the cards are worth? Unless he's buying for his personal collection, he's expecting that the card can be resold at a significant profit, so if you narrowly outbid him, it means that you're likely getting it well below market value.

BugOnTheRug

<< <i>I've been outbid before on items by keppler and kityoung. A little frustrating but I'm guessing it's for their own personal collections or for private buyers that they fill want lists for. >>





<< <i>Ebay is the great equalizer - dealers and collectors are all dealt the same hand. >>




Ok, that's it! I've had enough! I can't take it any more! I quit!!!

From this moment on, I am now a 'kepplector' .........or wait...........maybe I.............uhh..........I mean 'kitydealer'? No, no wait........maybe I am a 'deallector', 'colldealector', or 'colldealer'..........if I could just find my unabridged Webster's.

The world is so ing.

BOTR

thefootballcardstore

Just like in the stock market, the card market can only remain somewhat stable if the dealers maintain an orderly type of market.
eBay is only one facet of the graded card market - although it is the one that we here are all the most familair with.

If I buy on behalf of another buyer (as a broker) I use my selling ID. If I buy for inventory, I use a seperate ID that I change often.
But if I do happen to win, it usually means that the card went too cheap and the right buyer wasn't around at the time.

There are also times that I do not bid on a card because I am a dealer and I know that it isn't good to bid against a customer.
More than a couple people here know I won't even bid on a couple years. Many times in the past I have found myself and someone like Keppler (or other dealers) ending 1 and 2 in an aution. This of course is good for the collector selling off pieces of thier collection.

Good topic - if you haven't put in your 2 cents yet, I for one would be interested in knowing your thoughts.

Thanks - Jeremy

ZodiacMindwarp

codyp2000 is a frequent buyer of complete sets from the 60's. He then breaks them up and sells the cards individually on ebay. I imagine he makes a tidy profit from doing this and collectors are able to fill in the holes in their sets. Isn't that a win/win situation?

Noname

You shouldn't listen to NickM, I hear he is one of the biggest scammers on ebay.

NickM

Apu, you need psychiatric help. I'm not a psychiatrist, nor do I play one on the internet, but your derangement is obvious even to laymen.
May all of your personalities have a nice day.

Nick