Is anybody else fed up with the clutter of Buy It Now's on Ebay?
This probably has already been discussed, but I didn't get in on the discussion if it was discussed. Is anybody else fed up with the clutter of Buy It Now's on Ebay? Seems like that every search I do has nothing but Buy It Now's. Everything seems to be priced way above market value and items sit there stagnant for what seems like forever. I really wish Ebay would go back to being a mostly auction site. This comes from a buyer's perspective AND a seller's perspective.
Shane
0
Comments
AUCTION ONLY
best ebay feature
get rid of all the overpriced BIN, that were set when 30% cashback was active...
<< <i>Wait until the 100 free auctions a month start after 3/31 and you'll see a clutter of auctions instead of BINS between new sellers and store owners moving some of their stuff to the other format. >>
What are some of the details on this? Will the insertion fees be free? If so, the final value fees will probably be upped to compensate. I had not heard about this.
The only thing about hitting the auction only button is I'm afraid I might miss something I'm looking for that is in a BIN format. (Though that rarely happens).
Shane
http://www.unisquare.com/store/brick/
Ralph
Another example that had a decent ending - I had been looking for a 1974 Topps Puzzle Bob Gibson for several years. There was one on Ebay with a Buy It Now for $225. It had been sitting there for at least 3 (maybe 4) years. No way was I going to give that for a puzzle that booked for around half that. I was very patient. Finally, a couple of months ago, I saw one and snatched it for around $150. That $225 puzzle still sits there, and it will until an idiot comes along.
Shane
<< <i>you need to lose that "the book says" mentality and decide what you want to pay for something, then set the bar where you think you'd want to meet it until that item comes along.....if something is so rare that it encourages a seller to inflate the value, then that means they want a buyer less patient than you......as for the glut of BINs, i find it very hard to complain when quite often i use a BIN as a link to a seller's other items and occasionally find something better to watch or buy, in fact picking through the garbage dump has actually led me to a couple sellers i go to regularly now. >>
I agree about "book value" mentality. It even seemed weird typing it. I realize that book value means nothing most of the time. However, the 2 items that I mentioned are so rare, that the only things to go on are "book value" and a single Ebay seller's price.
Shane
I am a bottom feeder buyer anyway and normally won't pay more than 80% of VCP or last sale price for anything, if I win I flip or sell at local shows.
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<< <i>you need to lose that "the book says" mentality and decide what you want to pay for something, then set the bar where you think you'd want to meet it until that item comes along.....if something is so rare that it encourages a seller to inflate the value, then that means they want a buyer less patient than you......as for the glut of BINs, i find it very hard to complain when quite often i use a BIN as a link to a seller's other items and occasionally find something better to watch or buy, in fact picking through the garbage dump has actually led me to a couple sellers i go to regularly now. >>
I agree about "book value" mentality. It even seemed weird typing it. I realize that book value means nothing most of the time. However, the 2 items that I mentioned are so rare, that the only things to go on are "book value" and a single Ebay seller's price. >>
in this case the "book" IS the buyer, the book is you.....the seller knows this.
sometimes, what you need to hope for is a random nutball that overpays, then the next time that same item comes around, maybe it could be had for less.....but, it sounds like the items you are seeking will require some decision-making due to their rarity and at some point if you want it you gotta pay.
<< <i>I only look at auctions and I sell with mostly BIN. I know what you mean when you see something you really want, but it is BIN way over the value. I have put several cards I would rather not sell up with a big Buy It Now just to see if I could get any action. I have sold a few of them. >>
+1
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<< <i>
<< <i>you need to lose that "the book says" mentality and decide what you want to pay for something, then set the bar where you think you'd want to meet it until that item comes along.....if something is so rare that it encourages a seller to inflate the value, then that means they want a buyer less patient than you......as for the glut of BINs, i find it very hard to complain when quite often i use a BIN as a link to a seller's other items and occasionally find something better to watch or buy, in fact picking through the garbage dump has actually led me to a couple sellers i go to regularly now. >>
I agree about "book value" mentality. It even seemed weird typing it. I realize that book value means nothing most of the time. However, the 2 items that I mentioned are so rare, that the only things to go on are "book value" and a single Ebay seller's price. >>
in this case the "book" IS the buyer, the book is you.....the seller knows this.
sometimes, what you need to hope for is a random nutball that overpays, then the next time that same item comes around, maybe it could be had for less.....but, it sounds like the items you are seeking will require some decision-making due to their rarity and at some point if you want it you gotta pay. >>
I see your point. However, I believe in this case with rare items, the book has some indication of past sales.
Shane
You know what I'm fed up with, guys opening NEWER JUNK WAX and pulling PSA 10's of stars and putting BIN's of $29 - $99.00. Get real
I think they hope to get so new collector seeing a PSA 10 and saying WOW what a deal.
<< <i>
<< <i>Wait until the 100 free auctions a month start after 3/31 and you'll see a clutter of auctions instead of BINS between new sellers and store owners moving some of their stuff to the other format. >>
What are some of the details on this? Will the insertion fees be free? If so, the final value fees will probably be upped to compensate. I had not heard about this.
The only thing about hitting the auction only button is I'm afraid I might miss something I'm looking for that is in a BIN format. (Though that rarely happens). >>
Here's the info on the auctions:
http://finance.yahoo.com/news/eBay-Introduces-Free-Auction-bw-4047715000.html?x=0&.v=1
Here's the info on which format is right for you according to ebay:
http://pages.ebay.com/sellerinformation/news/FeeIllustrator2010.html
The FVF did go up for these auctions a bit. I have seen some places do the math on who benefits and who doesn't. I thought I read that store owners who don't sell much will be affected which, if true, means that the BINs will drop to encourage sales or will be turned into an auction. I like that the free part only applies to those with low starting bids. Right now with the five free a month, sellers can start at a high amount with nothing to lose.
As for the book price discussion, on rarer items, there is NO book price. Past sales are just that. These items, even more so than non rare items, are pretty much along the lines of "Here, I have it, if you want it, you will pay me this much...if not, I will keep it until you change your mind" type items. Check out the SMR on cards. On rarer items, the price is generally HIGHER than book, sometimes much more so. And thats just cards.
Edited to add: When I was working on my 99 SP Authentic Football Master Set (Still am, just not as religioiusly), I needed a Keyshawn Johnson insert that booked for $1.00 to finish the insert run. It was put up with a BIN of $2.95, I bought it. My need outweighed book price.
Also sick of "SMR says" and "looks like", for example, looks like a 6, well its a friggin 2...................its a 2!
Same as to me: (i have a Chevette, looks like a Corvette, well, still a friggin Chevette!)
Out
WTB: PSA 1 - PSA 3 Centered, High Eye Appeal 1950's Mantle
But I'm just a broadcaster. What do I know?
Buying Vintage, all sports.
Buying Woody Hayes, Les Horvath, Vic Janowicz, and Jesse Owens autographed items
<< <i>As for the book price discussion, on rarer items, there is NO book price. Past sales are just that. These items, even more so than non rare items, are pretty much along the lines of "Here, I have it, if you want it, you will pay me this much...if not, I will keep it until you change your mind" type items. Check out the SMR on cards. On rarer items, the price is generally HIGHER than book, sometimes much more so. And thats just cards. >>
I agree. That's why I get so frustrated when I see something I need because most of the time, I ain't givin' in.
Shane
<< <i>If I'm Ebay, I go and create a second site that is like the "old Ebay" - auctions old school, and charge more for it. Then keep the existing one for their new flea market bidness. Kinda like old Coke and new Coke, except you're charging 50 cents for old Coke and 25 cents for new Coke, and not cannibalizing either bidness. >>
Fabulous idea. They really ought to do that. However, that makes too much sense, so it probably won't happen. Isn't it funy how that works? If something makes sense to the masses, it probably won't get done.
Shane
I don't want to list a card I paid $50 for a couple years ago at $.99 and get maybe $25 for it.
The little guys like me don't have the money to spend like I had a few years ago.
Just my thoughts - Jeremy
<< <i> don't want to list a card I paid $50 for a couple years ago at $.99 and get maybe $25 for it >>
I am totally with you there. It only takes a couple of times of buying a card for $500+ and auctioning off for $200 (when VCP average is $900), to burn yourself out on auctions. If the bidders would actually SUPPORT the auctions, then maybe you would stop seeing a glut of BIN's. But as long as valuable items are being given away at rock bottom prices for too long, then the BIN's aren't going away - as a matter of fact, they will only get WORSE!! Noone likes to lose money!
ya know - it is what it is - maybe because I don't sell - I'm happy to have a source that's opened up the world to me.
I could go to a 100 little shows/sales/hobby shop and never see the variety available on ebay.
Buying Vintage, all sports.
Buying Woody Hayes, Les Horvath, Vic Janowicz, and Jesse Owens autographed items
<< <i>
<< <i> don't want to list a card I paid $50 for a couple years ago at $.99 and get maybe $25 for it >>
I am totally with you there. It only takes a couple of times of buying a card for $500+ and auctioning off for $200 (when VCP average is $900), to burn yourself out on auctions. If the bidders would actually SUPPORT the auctions, then maybe you would stop seeing a glut of BIN's. But as long as valuable items are being given away at rock bottom prices for too long, then the BIN's aren't going away - as a matter of fact, they will only get WORSE!! Noone likes to lose money! >>
In that situation, the card will just sit there if you list it as a Buy It Now.
What I try to do when I buy a collection is to buy it so that I can move it within a few weeks in an auction format. An auction, most of the time, is the market value.
Shane
<< <i>Do people really not know how to click "Auctions only"? >>
When you look for rare stuff, you will probably miss many things if you do that.
Shane
<< <i>
<< <i>Do people really not know how to click "Auctions only"? >>
When you look for rare stuff, you will probably miss many things if you do that. >>
So I take it your issue is less with the clutter of BINs and more to do with the prices.
<< <i>
<< <i>
<< <i>Do people really not know how to click "Auctions only"? >>
When you look for rare stuff, you will probably miss many things if you do that. >>
So I take it your issue is less with the clutter of BINs and more to do with the prices. >>
Both.
There are BIN's that clutter, and there are BIN's that are so high priced that they get stagnant and sit there for 5 years (and yes, it's aggravating when it is something that I need).
Shane
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Actually, an auction is just a snapshot in time.
Auctions, over a long time period, have the ability
to trend prices toward ZERO. They also have the
ability to dramatically decrease the number of items
offered for sale; sellers are not interested in paying
EBAY for the privilege of losing money.
When the fee/format change kicks in, we will see
an initial spurt in auction listings. After the first few
weeks, they will decline AND BIN-counts will soar.
99-cent closing prices are not what sellers have in
mind when they list, but it IS what they will get when
they are buried in the rollout of the new scheme.
Outside of collectible cats, auctions are dead and
dying on EBAY. Customers at the world's largest
outlet mall wanna buy stuff; not bid on stuff.
BINs are the future in ALL EBAY cats. Buyers will get
used to paying retail prices or they will find new venues
to build their collections; I have NO clue where those
new venues might be.
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ecrater has moved into 2nd place in listing counts:
February 16, 2010
eBay 39,509,134 +75907
eCrater 2,941,960 +803
Bonanzle 2,636,840 +11511
many requests to the seller that I would buy he item if his BIN was ......then I give a price I would pay......and I have had many adjust their BIN to my
request and I use cashback and buy it. So I really have grabbed a few items I wanted. I have had no success with big power sellers on this strategy.
MULLINS5,1966CUDA,nam812,nightcrawler,OAKESY25,PowderedH2O,relaxed,RonBurgundy,samsgirl214,shagrotn77,swartz1,slantycouch,Statman,Wabittwax
Take someone trying to put together an 80s baseball set graded (doesn't matter year or maker) and all of the sudden his 2 to 4 dollar graded commons are now 7.99 due to nobody listing these as auctions anymore or wanting to have a loss leader. 7.99 may be the "retail" amount to make a decent profit but when it drives everyone out of collecting that set what good did it do?
The other avenue you mention is probably raw cards not graded cards as people will just switch back and live with the frustration of overgrading versus the wallet busting reality of collecting all graded sets.
2/6/10 eBay Auction $64.88
12/20/09 eBay Auction $60.00
11/12/09 eBay Auction $44.78
9/27/09 eBay Auction $71.00
9/24/09 eBay Auction $64.78
8/24/09 eBay Auction $99.99
8/20/09 eBay Auction $56.00
8/15/09 eBay $42.43
8/6/09 eBay $68.26
4/29/09 eBay $38.60
4/26/09 eBay $47.50
4/2/09 eBay $49.06
3/7/09 eBay $54.00
3/1/09 eBay $31.33
2/20/09 eBay $18.27
2/2/09 eBay $59.67
Not a card I had to have, but would take if Icould get it at my price. The guy's response: "you should have took $100.00 underpriced", it's BIN is now set at $200!
There are at least 4 others with the following BIN prices currently listed:
$180 w/BO
$160 free shipping
$152 w/BO
$105
and one for bid @ $69 with no bids and 31 hours left.
Makes you wonder if he really wants to sell.
<< <i>When I buy currency, I like to make an offer. You would be suprised what sellers take when the item hasn't moved in a while. Just my thoughts >>
Good point. I view every BIN that's been around a while as automatically containing a BestOffer option. It never hurts to offer.
Working on the following: 1970 Baseball PSA, 1970-1976 Raw, World Series Subsets PSA, 1969 Expansion Teams PSA, Fleer World Series Sets, Texas Rangers Topps Run 1972-1989
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Successful deals to date: thedudeabides,gameusedhoop,golfcollector,tigerdean,treetop,bkritz, CapeMOGuy,WeekendHacker,jeff8877,backbidder,Salinas,milbroco,bbuckner22,VitoCo1972,ddfamf,gemint,K,fatty macs,waltersobchak,dboneesq
<< <i>Actually storm they will either get used to paying retail prices OR quit collecting and do something else. I think that happens more than we want to admit in this hobby.
Take someone trying to put together an 80s baseball set graded (doesn't matter year or maker) and all of the sudden his 2 to 4 dollar graded commons are now 7.99 due to nobody listing these as auctions anymore or wanting to have a loss leader. 7.99 may be the "retail" amount to make a decent profit but when it drives everyone out of collecting that set what good did it do?
The other avenue you mention is probably raw cards not graded cards as people will just switch back and live with the frustration of overgrading versus the wallet busting reality of collecting all graded sets. >>
I don't know how anyone really makes money selling a PSA graded card at 7.99 avg grading cost 5.00 + S/H both ways + the cost of the mailer and the card holders, of course this is why I hardly ever send in anything older than 1975. Then you sell it on Ebay for 7.99
which in reality means 7.99 - .85 ebay fees - .53 Paypal fees = net sale of 6.61- grading fees/S/H and at best you break even, it would have been easier just giving the card away ungraded.
There's one way to make money on collectibles on Ebay- buy at the right price, be patient, and sell for more than market value. That's it. The only other avenue is to have a model like DSL or 4SC where you sell graded cards in bulk and gain a competitive advantage by paying less than the average schmuck in per-card grading fees. Outside of that, you need to sell for a premium price- otherwise you're just spinning your wheels. Again- the market price on Ebay is the break-even price, because the people who establish the market price are happy to break-even. I cannot break it down any simpler than that.
<< <i>Offered on a card this morning, guy had it @ $100 BIN with BO. I offered $45, pretty much inline with VCP:
Makes you wonder if he really wants to sell. >>
Average price among the 16 you listed works out to ~$55. I'd have turned you down too.
Tabe
<< <i>Average price among the 16 you listed works out to ~$55. I'd have turned you down too. >>
But would your next step be to double your current BIN price? Seeing where it was already above every card that had sold on ebay for the last year, hopefully not.
My offer was just that...an offer, a vehicle to open discussions about the item in question. If he had come back around $60 I may have taken it. I was just looking to spend some extra $$ and get a decent card. I don't know what he was thinking, but he should draw up a will, that card will still be with him when he passes if he keeps it at $200.
I have said this before: with everyone wanting to buy at 10% back of VCP last auction or average you will see more and more BIN's.
I am greedy just like everyone else I want my auctions to sell at 50% over VCP and I want to buy at 50% of VCP, I don't see either one happening. Like Becketts (this is only a guide) I think buyers & sellers need to remember: VCP this is only a guide not the bible.
I think a some ebayers are PITA buyers that used to come in my store:
customer: I am trying to finish my 1985 Topps set here are the 50 cards I need. see I bought these boxes at Walmart and don't want to buy another box.
seller: let me dig through this 5000 count box (10 minutes later), Good news I have all 50 cards with a few semi stars.
Customer: how much ?
seller: 1.50 or .03 cents a card.
Customer: I'll give you 1.00 out the door No tax.
Seller: sorry no 1.50 + tax = 1.59
Customer: waves a dollar bill at me.
Seller: I smile Rip the 50 cards in half throw them in the garbage and tell the customer to go to Walmarts with their %@## list. or I smile smash the corners of the cards on the counter and say here you can have them for free now.
Ahhh Now I feel better.
<< <i>
<< <i>Average price among the 16 you listed works out to ~$55. I'd have turned you down too. >>
But would your next step be to double your current BIN price? Seeing where it was already above every card that had sold on ebay for the last year, hopefully not.
My offer was just that...an offer, a vehicle to open discussions about the item in question. If he had come back around $60 I may have taken it. I was just looking to spend some extra $$ and get a decent card. I don't know what he was thinking, but he should draw up a will, that card will still be with him when he passes if he keeps it at $200. >>
Yeah, my experience has been that about 1 in 10 offers that I make result in a counter-offer. Some sellers just either aren't into that or get huffy the way yours seems to have done.
Working on the following: 1970 Baseball PSA, 1970-1976 Raw, World Series Subsets PSA, 1969 Expansion Teams PSA, Fleer World Series Sets, Texas Rangers Topps Run 1972-1989
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Successful deals to date: thedudeabides,gameusedhoop,golfcollector,tigerdean,treetop,bkritz, CapeMOGuy,WeekendHacker,jeff8877,backbidder,Salinas,milbroco,bbuckner22,VitoCo1972,ddfamf,gemint,K,fatty macs,waltersobchak,dboneesq
Steve