Ebay- Good time to buy. bad time to sell.....
CDsNuts
Posts: 10,092 ✭
CDsNuts
Posts: 10,092 ✭
CDsNuts
Posts: 10,092 ✭
Comments
especially vince lombardi rookie cards!
At least it gives me a good excuse to give my other half when she sees 30-40 bubble mailers and boxes arriving at the door every week
-- Yogi Berra
The best was a card that went unsold for $.99 about 6 months ago and on Sunday it sold for $42.
My Auctions
Wow, that's incredible!
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
That 77-8 hoops set win is one you should really savor
I assume those are your buys and sells?
if they are, why not make the scans of the cards a bit bigger; host them on photobucket and put u big scans (referring to the 1989 rookies, score) it's hard to tell if they are truly mint; they look nice enough, but i wouldnt bid cause ive been burned due to small pics not showing the true wear.
just my humble opinion.
cheers
Leo
Says many sellers that that used to get 50.00 for an item now fetch less then 20.00.
Ive been selling my 65's and I start them at what i am willing to sell for. NO 1 cent or 99 cent starts for me. Overall I am getting 75% of what i paid for them and that is about what I expected anyway.
In the article an ebay spokesman claimed that maybe the original prices were inflated?
Steve
$ELLERS BEWARE
EBAY JUNKIES HEATED OVER DROP IN PRICES
By LOIS WEISS
Click to enlargeMarch 25, 2007 -- When two Anna Nicole Smith diaries fetched $600,000 on eBay last week, the Web auction powerhouse got plenty of free publicity.
After all, when you've got something to sell, nothing draws a crowd quite like eBay.
But that is just the problem for some of eBay's most prolific sellers, who are complaining ever more loudly that the millions of new products flooding the Web giant every day are driving down the selling price of antiques and collectibles - practically erasing their profits.
At the same time, eBay has upset these so-called platinum-level sellers by hiking their fees.
The complaints, which have simmered for months, appear to be ready to boil over.
"Everyone and their grandmother has brought these items out," said Morgan Goodman, a Platinum Seller from Westchester. "There is too much supply for the demand."
Roughly 7 million new items come onto eBay each day, bringing the count to an astounding 100 million listings for sale. But if you check what is paid for completed items, many don't ever trade hands.
EBay of course, ends up with a fee whether or not granny's vase is sold.
It's not that Goodman and sellers like him can't sell items on eBay - he manages more than $25,000 worth per month - but he's just gotten pickier about what items he buys because eBay bidders for some items are now few and far between.
Any designer goods carrying names like Louis Vuitton, Cartier or Tiffany always seem to find a market, but, Goodman moans, unless you have a top doll, "It's worth nothing."
"That's why eBay is pushing the pots and pans," Goodman explained. "The collectibles market was strong for a while, but it's dropped off significantly."
For instance, Goodman says he's been having trouble even getting his money back on Baccarat paperweights, while the "best" china patterns are down 60 percent over the last few years.
Page Two of story at newyorkpost.com......................
falling resale-values of their items.
ALL categories of collectibles are poised to take a major hit.
We are no where NEAR the bottom.
It is way too late to bail out now; might as well ride it out
and hope for a comeback in the out years.
Supply/demand dynamics are certainly part of the problem,
but the hidden cash-crunch is the real culprit. Cash is on
the road to a new king-position as the cycle rewinds itself.
Folks who buy collectibles on EBAY as an investment are in
for a bad surprise.
Secondly, eBay didn't do enough to fight scammers early on and that has scared alot of people away. On ebay, when it comes to cards and coins, if its not third party graded, you just may be buying a fake.
They call me "Pack the Ripper"
<< <i>Good buy 1
Good buy 2
Good buy 3
Good buy 4
Bad sale 1
Bad sale 2
Lee >>
Lee,
I'm just curious what made you list the above auctions as "good buy" or "bad sale" and not vice versa.
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That's for sure.
But, the price dips are visible off-EBAY as well. B&M inventories
are swelling. Ten-years ago, professional collectible dealers
could control the supply by holding items off the market. EBAY
has allowed novice sellers to flood the market; prices have no
where to go but down, in the near/mid term.
I do not know how long the tanking will continue, but I do know
it will get MUCH worse than it is now.
Working in the pawn-shop biznez, I see just how desperate folks
are for cash TODAY. These are not street-people; they are folks
who work and have mortgages to pay.
The crash/adjustment is on its way. Collectibles will not help
anybody ride it out. Cash and some commodities, will.
While prices are down on some stuff, there are some items which are still strong- Unopened vintage material always sells well if the seller seems reputable- itzagoner (a redular poster here) has a few 70s and 80s basketball boxes that are bringing decent prices, and I just sold a 77-78 basketball box for $700 that I paid $about $500 for a month ago. Also, low pop PSA 10s from most 70s-80s sets are selling well as the PSA registry is still very competitive. It seems like raw cards (all years) and mid-grade vintage seem to be suffering the most.
Lee
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
Walter Payton
Joe Montana
Wayne Millner
Sammy Baugh
John Elway
Joe Namath
Paul Hornung
Gene Hickerson
Chuck Bednarik
according to my values and my needs. Nothing holds dominion over me, I stand alone as the ruler of my life.
For the collector, absolutely! It's also a buyer's market right now.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
<< <i>a boon to the collector who now has access 24/7 to the largest card shop in the world!
For the collector, absolutely! It's also a buyer's market right now. >>
I've been very happy to get some goods pretty cheaply lately. I think a lot of it is that stuff which I NEVER saw on E-Bay before are now showing up every few hours or so and I'm able to pick and choose where I want to buy them from. I mean, I was trying to get a completed 2007 Mickey Mantle Story set on E-Bay and lost a few auctions when the pricing went up beyond what I was willing to pay. However, by going through some sellers who have an absolute overload of 2007 Topps cards, I was able to put together the set myself for only $10.
Right now, especially with any cards from the 2007 Topps set, the supply is so gargantuan and the demand just isn't there. If you have ten people looking for the same thing, and there are 20 auctions, the patient buyer will be able to get what he/she wants for a pittance. I have nearly ALL of the 2007 insert sets for a grand total of maybe $150. (And that includes an entire completed set of red backs). For the collector, this is one of the best times in recent memory.
For the people trying to make a profit, well, I don't have too much sympathy for them. I think the prices of a LOT of things have been well overinflated recently. If someone bought something not for their collection, but because they figured they could turn it around and make a ton of money off of it, then I have no sympathy for them. Collectibles are NOT investments. Sure you can make some money if you get rid of your extras and what you no longer want, but to use them as a source of funding for your bills and required payments is kind of foolish. This is why we all have full time jobs. If someone is into this hobby because they only care about the money, then their fall from the "good times" earns no sympathy from me. People should collect cards not because it's a source of income, but because they like what they collect and getting a new card makes them happy.
Steve
Also, without a profit center, there is no hobby. Look what happened to stamps- in the early to mid-1900s it was the most popular collectible hobby. Now it's mostly dead because of counterfeiting and the bottom dropping out of the market. For the most part, the thought of "how much is it worth" is always in the mind of a collector when looking to buy or sell a card, otherwise we wouldn't know how to accurately determine what we're willing to pay or sell it for. That's a big part of why people collect. It's no secret that cards are worth money, and without that lure most people wouldn't be involved in the hobby at all.
And for you to say "collectibles are NOT investments" is utterly ridiculous. Many people could buy and sell your entire family a hundred times over on what they've made on cards. Anything that has potential to make money, no matter how small an amount, is an investment. I think you see the hobby the way you'd like to see it rather than the way it actually is.
Lee
<< <i>Many people could buy and sell your entire family a hundred times over on what they've made on cards. Anything that has potential to make money, no matter how small an amount, is an investment. I think you see the hobby the way you'd like to see it rather than the way it actually is.
Lee >>
Buying and selling a family? This a little dramatic, lee?
Lee
just having a little fun. As much fun as you've had teasing me about 1993 Refractors, I think I'm entitled, no!?
Anyways, I of all people know that what you said is absolutely correct, and I agree with you.
Regarding the point of your initial thread, my sales remain very strong, but I'm not sure for how much longer. I do agree that I have been sensing eBay prices slip a little (in general).
Lee
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Yup.
And, most longtime medium-sized dealers could dump their stash
of collectibles, put the cash in the bank, and not worry about their
next meal, EVER.
When those dealers are gone, prices could turn up dramatically,
but there is no guarantee of that. In my view, collectors need
sellers alot more than most sellers need collectors. The relationship
between the two used to be a "partnership;" now, it is just a futile
war between bargain-hunters and profit-seekers.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
I couldn't have said it better myself storm.
Lee
<< <i>Don't worry jmbk, Shane Mack will always be a hot commodity.
Lee >>
If I told you what I've netted off Shane Mack, you'd probably punch through the nearest wall...
Cheers,
Josh