I'm not saying that a 100% markup is necessarily out of line... although
I don't know of any other businesses that can get it these days. It's
just that there is a big difference between putting a 100% or 200%
markup on a poster a seller got for $20... or even $2,000... and putting
a 100% to 200% markup on something the seller bought for $5,000 or
$50,000. The higher the initial acquisition cost, normally the less
likely it is that a buyer can be found willing to pay double or triple
what the seller got it for recently -- unless the seller just picks up
one incredible bargain to begin with.
Not being a collector or follower of Star Wars posters, I really have no
idea if the $12,500 is a reasonable/realistic price or not... or even if
$5,500 was a great bargain. I just found it very strange that the same
set of posters would sell for such a huge disparity in prices within a
few weeks of each other. We'll have to wait and see if the buyer with
zero feedback actually pays for them.
P.S. -- Dave, I didn't follow the auction, but I didn't think it was a
Buy It Now -- weren't people talking about it having a minimum starting
bid of $10,625 and finally selling for $12,500?
-- JR
P Molitor wrote:
Many dealers - and I'm certain Walter is one of them - have customers
that can't simply be @ssed to spend their days perusing auctions the
way many of us ob/coms do. I suspect those customers also have the
bank account to not begrudge a markup for the convenience, which at
just over 100% seems downright reasonable these days.
I'm sure many of these clients only become aware of these sorts of
posters when they appear on "their" dealer's website.
--Peter
--- On *Fri, 11/27/09, James Richard /<[email protected]>/*
wrote:
From: James Richard <[email protected]>
Subject: Re: [MOPO] 15 2001: a space odyssey posters on EBAY Sold
for $12,500
To: [email protected]
Date: Friday, November 27, 2009, 10:20 PM
Maybe... maybe not. It is incredibly easy to "buy something from
yourself" on Ebay if you want to do that to try to set a retail
price to use in later (possibly private) negotiations -- you only
pay a couple of percent to Ebay if you do that, not like the 19%
it would cost you at Heritage. Or some joker may have bid it
without ever intending to pay for it -- Star Wars items can
attract a oddball crowd. I'm not saying either thing is what
happened in this case, I have no way of knowing, but the zero
feedback rating of the buyer is often a red flag.
There's no denying it is strange that a powerhouse
record-price-setting operation like Heritage could only get about
$5.5 K for this set 6 months ago and now someone manages to sell
it for double that amount out of the blue on Ebay. While anything
is possible, I find it hard to believe that there a people willing
to spend $12,000 on a set of movies posters on Ebay who don't also
regularly frequent Heritage auctions. Why didn't whomever just
paid $12,500 simply bid for this set 6 months ago on Heritage and
pick them up for a whole lot less? But maybe his ship only just
came in recently (the stock market has been on a tear for the past
6 months), or maybe he just wasn't paying attention 6 months ago
when Heritage auctioned them. Auctions are like the weather -- you
can sort of predict what is likely to happen based on past events,
but random lightning strikes, hail storms, freak down pours, or an
new player or unexpected bidding war can always strike and make a
joke of all the carefully calculated predictions.
-- JR
Brek Anderson wrote:
Fact: Jealous critics, price Czars, and ebay format experts were
all wrong. Walter proved to be the smart one. Love it! Cheers to
the seller!
Brek
----- Original Message -----
From: "Roland Lataille" <[email protected]>
To: [email protected]
Sent: Friday, November 27, 2009 11:17:00 AM GMT -07:00 US/Canada
Mountain
Subject: Re: [MOPO] 15 2001: a space odyssey posters on EBAY for
$10,625 sold on Heritage
*The difference is that you start your auctions at 99 cents. This
seller starts at $10,625 and as you say on your web site - "Fact:
Buyers tend to ignore auctions with high starting bids". *
I just checked EBAY and they sold for $12,500! You just never
know who is on EBAY and what they are willing to pay.
------------------------------------------------------------------------
*From:* David Lieberman <[email protected]>
*To:* [email protected]
*Sent:* Thu, November 26, 2009 2:28:48 PM
*Subject:* Re: [MOPO] 15 2001: a space odyssey posters on EBAY
for $10,625 sold on Heritage
hmmmmm......we buy stuff all the time from Bruce, Heritage, other
auction companies, Ebay, other collectors, and other dealers from
all over the world and routinely sell them for 2 times or even
more than what we paid for them.
or maybe I've been hallucinating all the years and I should start
looking for a new job too.
------------------------------------------------------------------------
Well, if they make there living asking for double of what someone
else paid for the same set, they need to find a new job. No one
is going to pay that amount.
*David Lieberman
*CineMasterpieces.com <http://www.cinemasterpieces.com/> | 15721
N. Greenway Hayden Loop, Suite 105 -- Scottsdale, Az 85260
Vintage Original Movie Posters | 602 309 0500 | Office/Gallery
Open By Appt. Only._
Our Facebook Page
<http://www.facebook.com/pages/CineMasterpieces/7735495839?v=wall>
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