BIN Auction, Did I just make a HUGE mistake
MBMiller25
Posts: 6,057 ✭✭
Alright guys, Need help, I am selling a 1987-88 Fleer Basketball set on EBAY right now. I have a BIN or best offer of $2250. I get an offer a few minutes ago for $875, in which the buyer adds in the notes that this is for the set without the Karl Malone and Michael Jordan PSA 10 cards. I accept the offer, but realize after that I might have made a huge mistake. Do I have any recourse as a seller? I know now, I should have ended the listing, and relisted at $875 minus the Malone and Jordan PSA 10 cards. What can I do?
Thanks for the help!
Thanks for the help!
0
Comments
Ebay states that "Any message you include as a part of your Best Offer request to the seller is not a private form of communication. The Best Offer message is considered to be a formal term of your proposed agreement".
If there is any dispute, ebay will back you all the way.
- John Wooden
<< <i>You should be fine.
Ebay states that "Any message you include as a part of your Best Offer request to the seller is not a private form of communication. The Best Offer message is considered to be a formal term of your proposed agreement".
If there is any dispute, ebay will back you all the way. >>
//////////////////////////////////////
That is correct.
The system is supposed to work that way. It most often does.
BUT, there have been reports in which the BO-docs were not properly reviewed,
and the scamming buyer was able to prevail in a PayPal SNAD-claim. Unsophisticated
sellers have issued "partial refunds," in such cases.
It is always proper to CHANGE the listing to conform to the BO-terms, prior to
allowing the buyer to hit the BIN.
.....................
If you can get the transaction-details page on PP to accept input, add a note that
details the terms at issue.
Also, type a packing slip that details the contents of the package.
...........
Use Signature-Confirmation and buy insurance.
You sold 131 graded cards (9's & 10's), along with the case for $875.00 ?
$875.00
- $200.00 (Case)
________
$675.00 for the 131 cards (9's & 10's)
you sold the set (minus the 2 cards) for $5.00 per card ???
1977 Topps Star Wars - "Space Swashbucklers"
<< <i>I'm not sure I understand.
You sold 131 graded cards (9's & 10's), along with the case for $875.00 ?
$875.00
- $200.00 (Case)
________
$675.00 for the 131 cards (9's & 10's)
you sold the set (minus the 2 cards) for $5.00 per card ??? >>
He was looking for $2250, for the works. Told me via PM that $1800 was a bottom. He pulled out 2 cards, Jordan and Malone, both 10s. Jordan goes for $1000+/-, Malone is about $100+/-. He'll get his $875+$1100+/-, seems that he is right on track for just about $2K. Alot of the 9s in the set sell at $1-$4 individually on ebay, very few eclipse $10, and most of the other 10s in his set sell for less than $20. Not to mention the fees that ebay would get on indivdual auctions, listing and FV.
I think he did pretty well in this market. He was really looking to move the set for cash as easily as possible, goal was attained in my opinion.
<< <i>
He was looking for $2250, for the works. Told me via PM that $1800 was a bottom. He pulled out 2 cards, Jordan and Malone, both 10s. Jordan goes for $1000+/-, Malone is about $100+/-. He'll get his $875+$1100+/-, seems that he is right on track for just about $2K. Alot of the 9s in the set sell at $1-$4 individually on ebay, very few eclipse $10, and most of the other 10s in his set sell for less than $20. Not to mention the fees that ebay would get on indivdual auctions, listing and FV.
I think he did pretty well in this market. He was really looking to move the set for cash as easily as possible, goal was attained in my opinion. >>
The buyer paid half the cost (probably even less than that) of having those cards graded, and basically got the cards for free. If that's the market, then grading fees should be $2 per card ($1 for the case / $1 for the 10 second glance, the grader gives the card)
This set is not exactly junk. Its not rare, but certainly not the junk that I've seen others build in the registry.
Just my 2 cents, which is worth about 1 nowadays
Plus, more importantly, the seller wanted to move the set, had a price that he wanted and got close to that. He is happy that is all that matters.
<< <i>If you submit 50 cards at $5 get 20 that sell for the $500 fee then you are ahead of the game on the other 30 cards. >>
Lets just stick with scenario at hand
131 cards @ $5 a pop
Thats a BIG loss
But if he's happy, then so be it
but this set is the "Poster Child" for the registry
<< <i>
<< <i>
He was looking for $2250, for the works. Told me via PM that $1800 was a bottom. He pulled out 2 cards, Jordan and Malone, both 10s. Jordan goes for $1000+/-, Malone is about $100+/-. He'll get his $875+$1100+/-, seems that he is right on track for just about $2K. Alot of the 9s in the set sell at $1-$4 individually on ebay, very few eclipse $10, and most of the other 10s in his set sell for less than $20. Not to mention the fees that ebay would get on indivdual auctions, listing and FV.
I think he did pretty well in this market. He was really looking to move the set for cash as easily as possible, goal was attained in my opinion. >>
The buyer paid half the cost (probably even less than that) of having those cards graded, and basically got the cards for free. If that's the market, then grading fees should be $2 per card ($1 for the case / $1 for the 10 second glance, the grader gives the card)
This set is not exactly junk. Its not rare, but certainly not the junk that I've seen others build in the registry.
Just my 2 cents, which is worth about 1 nowadays >>
How do you know the seller did not pay 2.00 a card to submit them or what was paid for the set? There are rumors that huge submissions 5000 plus cards are about that price don't know that for a fact though..
Besides when you figure profit/loss on a submission you should do it as a whole not each card.
<< <i>
How do you know the seller did not pay 2.00 a card to submit them? There are rumors that huge submissions 5000 plus cards are about that price don't know that for a fact though..
>>
Yeah, I've heard rumors too
Nice, isnt it ?
Did YOU ever get this deal ?
<< <i>Besides when you figure profit/loss on a submission you should do it as a whole not each card. >>
I dont think I gave any numbers, regarding how much $ was spent
I dont think it was one card at a time, and i dont think it was all at once
<< <i>Lets just stick with scenario at hand
131 cards @ $5 a pop
Thats a BIG loss >>
Fuzzy math. No loss at all! He has 132 cards. At $5 ea, that is $660. He is getting $875 and still has 2 cards valued at about $1100 at VCP prices. If I was getting almost $2K back on $660, I'd throw in a nice case also, especially if I worked for the company and got a discount, if not a freebie.
<< <i>Fuzzy math. No loss at all! He has 132 cards. At $5 ea, that is $660. He is getting $875 and still has 2 cards valued at about $1100 at VCP prices. If I was getting almost $2K back on $660, I'd throw in a nice case also, especially if I worked for the company and got a discount, if not a freebie. >>
I am a little fuzzy, but thats all hair - not math :-)
The auction includes a $200 case (I assume its paid for)
If not, then it $6+ a card and still not any better
<< <i>He doesnt get it, let it go >>
Really
Please inform then
<< <i>Really
Please inform then >>
Fix your VCR clock first.
Raw: Tony Gonzalez (low #'d cards, and especially 1/1's) and Steve Young.
<< <i>What I see is a seller got what he wanted plus a $100 or $200. >>
The main thing is the seller is happy. There are many things I have sold that I intentionally took a loss on just to move them or get cash to buy something that will be more profitable. I would rather have cahs in hand than a product sitting around for 6 months that I cannot sell because it is overpriced.
However, a person might make a profit on other cards that they submitted.
Doesn't seem like a big deal to me.
I think we ALL have sold cards for a "loss" at times.
I love how people get caught up in "the cost of grading". That money is already spent. It's gone and is never coming back. If I send in 100 '88 Donruss cards and they come back all 5s and 6s, how is what I spent on grading even relevant? Do you think the buyer (let's assume there's someone that's crazy enough to want these cards) cares how much they cost to grade? The cards are worth what they're worth and you get what you can for them.
<< <i>.....I love how people get caught up in "the cost of grading". That money is already spent. It's gone and is never coming back......... >>
Exactly. Lets say you walk into a card show with 40 1980 Tops Supers figuring to pay $6 per card under the tallboy special, but when you get to the PSA booth you find out that they are over sized and not eligible for the special. Now you have to pay $14 per card (for the 5 day service) which is $320 more of an outlay than you originally thought. Do you think the person you try to sell them to cares how much extra you paid to grade them?
<< <i>
<< <i>.....I love how people get caught up in "the cost of grading". That money is already spent. It's gone and is never coming back......... >>
Exactly. Lets say you walk into a card show with 40 1980 Tops Supers figuring to pay $6 per card under the tallboy special, but when you get to the PSA booth you find out that they are over sized and not eligible for the special. Now you have to pay $14 per card (for the 5 day service) which is $320 more of an outlay than you originally thought. Do you think the person you try to sell them to cares how much extra you paid to grade them? >>
Thats a great example. Not it makes sense to me.
I was trying to find a Buffalo destroyer football signed by all the team members from 1989 and the guy was trying to tell me that he spent X amount on gas and tolls and fee's in acquiring these autos. That money is long gone. Nobody cares.
If you are going to try to play the submission game as a business model you need to be sure to try to include at least 5 to 10 cards that will pay for all or most of the submission plus some of the product costs when they sell. If you sub 100 cards chances are you are going to get 40 to 50 that will not sell for more than submission fees, so in a business model you would want to recoup all that plus product costs in the big cards and the rest is just gravy.
There are some that have to simply make a profit on everything they try to sell and will not accept anything less. I would rather have money in my hands than trying to sell a worthless item.
<< <i>I would rather have money in my hands than trying to sell a worthless item. >>
Then perhaps,
next time you are ready to submit worthless cards for grading (probably for the great and mighty registry),
you'll might want to consider what you just said
<< <i>
<< <i>I would rather have money in my hands than trying to sell a worthless item. >>
Then perhaps,
next time you are ready to submit worthless cards for grading (probably for the great and mighty registry),
you'll might want to consider what you just said >>
LOL... Don't you get it yet? One registry to rule them all...