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Overstock is going to eat eBay for lunch
Justin
Posts: 183
http://www.internetstockblog.com/2005/03/ostk_focuses_ad.html
http://auctions.overstock.com/
And eBay's market cap is 50+ times higher than Overstock.
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Justin
Posts: 183
http://www.internetstockblog.com/2005/03/ostk_focuses_ad.html
http://auctions.overstock.com/
And eBay's market cap is 50+ times higher than Overstock.
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I rarely post on ebay anymore soley because of the cost to post auctions.
Even with that number............
I am sure EBAY is shaking in their boots!!
1955 Bowman Raw complete with 90% Ex-NR or better
Now seeking 1949 Eureka Sportstamps...NM condition
Working on '78 Autographed set now 99.9% complete -
Working on '89 Topps autoed set now complete
Red
Looking for 81-84 Topps Stickers in PSA 9 or better, 81 Topps Scratch offs, 83 Topps Fold outs in PSA 8 or better, 83 Fleer Stamps and 81/86 Fleer Star Stickers in PSA 9 or better.
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Hope I got the link right.
On another note, they have no completed items searches, you cannot research past sales to see if you are bidding against a shill bidder or not like you can on Ebay. I listed about 50 items over there and sold one who ended up being a NPB. So the listing fees even though they are cheaper was just wasted, listed the same 50 items on Ebay and all but 2 sold most with multiple bids. I was approached by several other sellers while my listings were up to bid on their auctions, and they would do the same so we could just exchange feedback.
What is going to happen when they raise fees there??
The site has been up since about last September and while the listings have gone up there appears to me no buyers there like on Yahoo or Bidville mainly the buyers are reselling for a profit on Ebay.. I know I have been.
I think I will stick with Ebay since they have all the buyers. Hopeful the CC rumors are not true and they don't end up going the way of Wagglepop.com.
I won't be going back there any time soon
I personally would buy eBay stock at this price.
A year from now, it will be Overstock who ???
They call me "Pack the Ripper"
I always think their commercials are for a 900 number.
Scott
A fool and their money soon part!!
T-205 Gold PSA 4 & up
1967 Topps BB PSA 8 & up
1975 Topps BB PSA 9 & up
1959 Topps FB PSA 8 & up
1976 Topps FB PSA 9 & up
1981 Topps FB PSA 10
1976-77 Topps BK PSA 9 & up
1988-89 Fleer BK PSA 10
3,000 Hit Club RC PSA 5 & Up
My Sets
<< <i>It's all about the O! >>
<< <i>I always think their commercials are for a 900 number. >>
I know what you mean. Everytime time I see one of their commercials I feel like that red-haired chick is coming on to me. Kinda makes me want to check out their site.
Competition is always good for keeping fees in check, but I don't see ebay going anywhere anytime soon.
Results?
A Pete Rose RC (fake? At least seller acknowledged that it could be) sold for a "decent" price in the mid three figures.
A 76 Ryan PSA 9 cracked holder is selling well.
A 1960 Kaline PSA 5 looks like it will go for almost SMR.
No bargains...
One of the ways this will work is if people like us "ride" a price spread between Overstock & Ebay by buying on the former and flipping them for more on the latter. As we bid up prices, that spread will grow thinner, leading more sellers to take advantage of the lower fees. Eventually Ebay would have to react by lowering its prices.
Could it happen? Yes. Will it? Dunno. But if I could have gotten that PSA 9 Ryan for <$100 I would have.
I also don't know if we can snipe this site - which will make a big diff for reluctant snipers like myself.
GG
They been burning through cash every day since they began, running expensive (and ineffective IMO) television commercials, and the stock is extremely overvalued and ready to be hammered at any moment once people realize the company can't survive. They do not have a clear business plan, they try dipping into a bunch of different market segments, when their bread-and-butter is clearing out close-out merchandise. Their auction site stinks, they have no client base of buyers or sellers, and people are not just going to begin going there when word is still getting out to many about eBay. The fact that it is cheaper to list an auction over there is a mute point if there is no one there to buy the item. And I do not think eBay's fee structure is high, certainly not to the point where it deserved the type response it got when they wanted to raise fees here and there, but they have since rectified it.
If you're looking to buy stock in a .com company and hope for long-term gains, eBay is still your best bet because they're not going anywhere sans a government intervention to break up their pseudo monopoly, and even that may not be possible.
The problem? Unless there is a mass exodus of sellers all at once, it'll never catch on.
Funny, every time I see a new auction site pop up, either a general site or a specialized site, disgruntled ebay sellers are always saying they will give up on ebay, but only if there is good buying traffic on the new site. Problem is that the disgruntled ebay buyers also say they'll go somewhere else, but only if the sellers go first. Someones gotta go first, and it should be the sellers, but it never goes any farther than that.
As a buyer, I'll go where the items are that I want. As a seller. I'll go where I think I can make the most money, unless the site is free to sell on and I can afford to take a chance.
I think the only thing O-stock is gonna eat for lunch is ebay's dust, at least until something major happens to drive sellers away.
From what I've seen dealing within different hobby groups, a majority of say, sports card dealers, could jump the ebay ship, and ebay would probably not even flinch. Same thing with other specialized collecting areas. It would take a massive move by a large percentage of sellers across the category spectrum.
If O-stock can show that they can handle frauduent sellers sellers and scam artists better than ebay, that might give them a leg up. Unfortunately, there are currently 3 sports card listings for "1952" at O-stock, 2 of which are probably fake Mantles................and so it goes.
Cataloging all those pesky, unlisted 1963 Topps football color variations Updated 2/13/05
<< <i>Once Overstock has more traffic in their auctions I will start listing there instead of Ebay! >>
Why? And when is 'more' enough?
For the buyers of a new auction house, it's a buyer's market. With typically more sellers than buyers, bargains can be found.
Good luck to them. But, what I saw was primarily baloney. So, if you like baloney sandwiches for lunch..........
<< <i>I rarely post on ebay anymore soley because of the cost to post auctions >>
25 cents to list something is too much for you??
Ebay is king and will always be king.Get used to it!
Even the fake T206 Honus Wagner is on Overstock.com.. And the fake 1952 Mantle!. Same old grandfather story. Seller shill bids, too. So obvious by just looking in their "personal rating page => click on that 5.0 and you'll see their friends have the same name"
<< <i>If Overstock takes even 20% business away from eBay then Overstock's stock price will soar. >>
But it won't. Which is too bad, because eBay could use some serious competition. I hope some dotcom does take a chunk out of eBay's business and force it to take competitve measures, but Overstock uses the same ineffective model as Yahoo. Next!
jrdolan that might be but there is a reason why ebay stock has fallen 35%. It appears to me that overstock is really putting an emphasis on their auctions....I hear an awful lot of advertisements lately.
<< <i>ebay is king right now... they are a monopoly! >>
They are not a monopoly just because the dominate their competition. A monopoly is when there is No other competition. For ebay there is competition - they all suck - but it is there non the less. So it is not accurate to call it a monopoly, but rather just a competitive slaughter!
<< <i>Regarding Ebay stock... You do realize it split in February so naturally it is going to lose half its value at that time. >>
but have TWICE as many shares (if you are a stock holder) then the price continues to RISE. They are not going anywhere.
Are you taking in consideration that Ebay missed their projected earnings, on their last report? Even though it was by one cent. Everyone said when Ebay officially raised fees the listings on Overstock would increase dramatically well guess what they have not. Since the fee increase my fees on Ebay have actually gone down and my final prices have gone up and I am still listing 20 to 30 items a week.
As stated Overstock is following a business model that has failed and are doomed to the same failure.
First when Ebay announced its fee increases they were lying to potentional sellers by mistating the facts of Ebays fee increase. Tell me does this put any trust in them in my eyes NO..
Now there are reports that ALL employees at Overstock have access to customers finicial information, this is why it is apparently black listed by some credit card companies. Still I do not know how true this is, but I have read this on many Ebay and Overstock message boards recently.
Again how hard is it to put a completed item search, what are they hiding. To me this is Ebays most important tool for both buyers and sellers.
The anti-snipe policy just simply sucks.
My point is sometimes a company gets too big for its britches. Just check and see how the once almighty AOL has done recently.
Right now the Overstock card selection seems to be castoff from Ebay.
What incentive do the buyers have to leave Ebay?? As long as the buyers are there I will keep selling there.
Bottom line, for both sellers and buyers, is that currently there is no viable mass-audience alternative to eBay. So we have to eat what they feed us and curse their fees and policies, but that's still miles beyond what is available at these other venues. Don't invest in eBay stock, invest in Overstock instead if you want, but I wouldn't abandon eBay as the auction marketplace of choice at this point.
ISO 1978 Topps Baseball in NM-MT High Grade Raw 3, 100, 103, 302, 347, 376, 416, 466, 481, 487, 509, 534, 540, 554, 579, 580, 622, 642, 673, 724__________________________________________________________________________________________________________________________________ISO 1978 O-Pee-Chee in NM-MT High Grade Raw12, 21, 29, 38, 49, 65, 69, 73, 74, 81, 95, 100, 104, 110, 115, 122, 132, 133, 135, 140, 142, 151, 153, 155, 160, 161, 167, 168, 172, 179, 181, 196, 200, 204, 210, 224, 231, 240
Steve
"I spent 50% of my money on alcohol, women, and gambling. The other half I wasted.
Also, buying individual unopened boxes is also a big risk. Old stuff is searched and rewrapped or the one box per case that has the big pull is always known and removed if you dont buy an entire sealed case.
But...for those graded cards and oddball items that you just dont find every day, I love ebay!
Stingray