Dave

you have made a mistake in this post. Heritage does indeed sell items that they own. They have a whole warehouse of stuff from which they sell and at the Profiles auction they spent a stack of jack for posters to sell. In addition they get contacted by people who wish to sell and not wait for auction

also, you didn't mention my own 99 cents auctions.
while I do sell on consignment from only a couple of sources, most of what I sell I own. I spend my own money on collections with the intent of selling virtually all of it in my auctions. so everyone who sells at auction is not a consignment house

Bruce also sells some stuff he owns, or he used to at least. However in Bruce's case, his consignments are likely in the 90%+ area

Sean also sells what he owns

now to Claude's basic statement.. He is correct to a great degree that there are many sellers who have "pie-in-the-sky" expectations.

here are some of those

http://cgi.ebay.com/Robin-Hood-1922-Original-Movie-Poster-Half-Sheet-RARE_W0QQitemZ320355952361QQcmdZViewItemQQptZLH_DefaultDomain_0?hash=item4a96b3e6e9&_trksid=p3286.c0.m14&_trkparms=65%3A3%7C66%3A2%7C39%3A1%7C240%3A1318%7C301%3A0%7C293%3A1%7C294%3A50

http://cgi.ebay.com/This-Gun-For-Hire-1942-Orig-Movie-Poster-Arg-1SH-RARE_W0QQitemZ320357604362QQcmdZViewItemQQptZLH_DefaultDomain_0?hash=item4a96cd1c0a&_trksid=p3286.c0.m14&_trkparms=65%3A3%7C66%3A2%7C39%3A1%7C240%3A1318%7C301%3A0%7C293%3A1%7C294%3A50

http://cgi.ebay.com/FUNNY-FACE-MOVIE-POSTER-AUDREY-HEPBURN-FRENCH-BRINI-ART_W0QQitemZ130314624035QQcmdZViewItemQQptZLH_DefaultDomain_0?hash=item1e575b5c23&_trksid=p3286.c0.m14&_trkparms=65%3A3%7C66%3A2%7C39%3A1%7C240%3A1318%7C301%3A0%7C293%3A1%7C294%3A50

hilarious price here
http://cgi.ebay.com/Bullitt-Original-Movie-Poster-Steve-McQueen_W0QQitemZ190317756833QQcmdZViewItemQQptZLH_DefaultDomain_0?hash=item2c4fd281a1&_trksid=p3286.c0.m14&_trkparms=65%3A3%7C66%3A2%7C39%3A1%7C240%3A1318%7C301%3A0%7C293%3A1%7C294%3A50

this one is hilarious
http://cgi.ebay.com/RARE-ELVIS-WILD-IN-THE-COUNTRY-MOVIE-LOBBY-POSTER_W0QQitemZ320389285856QQcmdZViewItemQQptZLH_DefaultDomain_0?hash=item4a98b087e0&_trksid=p3286.c0.m14&_trkparms=65%3A3%7C66%3A2%7C39%3A1%7C240%3A1318%7C301%3A1%7C293%3A2%7C294%3A50

every one of these is priced with nothing to do with reality, especially the last 2

then you have the guys like Stuey Holstein whose obvious intent is to find people that he can literally sting at levels that generations from now will still not get to his prices (he is mostly in comics).

The obvious keyword here is "intent". While Brek is correct that people can ask whatever they want, if you want to remain in business for a long time, you have to have some contact with reality. I do not like the feeling that I have cheated someone and that after they find out what has been done to them, they want to shoot me.. There are people who revel in cheating others and fleaBay is an obvious showcase of such people

there was a guy selling a Falcon Takes Over 1sh in nice condition. He had it at $395 which is like top retail for the title (I need it as a Raymond Chandler piece). It sat on fleaBay for 8 months. I finally offered him $250. I never heard from him and the following day it was removed from fleaBay. He didn't even askif I would pay $300. (I wouldn';t anyway, but an email would have been nice) the guy was a comic book dealer who bought a load of posters from someone and used Jon Warren's price book. So he had all kinds of whacked prices. he wasn't looking for pie in teh sky, but the prices were all at the top except for those items that had outstripped Warren's price guide which was done years earlier. Jon is a dear friend, but his PG was non-reality.

There are the innocent fools, and there are those who take everyone for fools. Who they are is always obvious to those in the know.

Rich




At 06:42 AM 6/28/2009, Dave Rosen wrote:
I'm not going to defend sellers who ask, as you say, "ridiculous" prices. But I will say that comparing them to Bruce or Heritage may be a bit apples-and-oranges.

The sellers you refer to (though I don't know specifically who you're talking about) are retailers who purchase inventory, then offer it for sale. Thus their return has to cover the cost of the item plus overhead before they see one penny of profit. Bruce and Heritage are consignment sellers. They have overhead, certainly, but do not have cash invested directly in the items they sell.

Thus, when they auction stuff off starting at 99-cents or a dollar (really $15 in Heritage's case) they are, in a sense, gambling with someone else's money, the people who consign their posters to them. There's absolutely nothing wrong with that, that's the nature of the business. That's just the way consignment works. It means they can start their auctions lower and take the risk that the lower starting price will attract more bidders.

It works most of the time, but occasionally items do slip under the radar and sell at prices that are much lower than the average market price. Bruce and Heritage can afford to take that chance, particularly because they sell thousands of posters and are popular online "destinations" and have a client base in the thousands. Most other sellers are much smaller and can't affordto take that chance.

The other comment I have to make is, if the prices truly are "ridiculous" then the items will not sell and the prices will come down. That's market economics, I don't have to explain that to you. So your choice is to buy somewhere else (if you can find what you want there) and/or wait till the price comes down.

It's that simple.

Dave
----- Original Message -----
From: <mailto:twoni...@aol.com>Claude Litton
To: <mailto:MoPo-L@LISTSERV.AMERICAN.EDU>MoPo-L@LISTSERV.AMERICAN.EDU
Sent: Sunday, June 28, 2009 8:55 AM
Subject: [MOPO] ebay poster prices


I have been searching ebay almost daily since 1997. My areas of search are US originals Pre-1940 through 1960. I collect mainly posters in the upper price brackets. In the last few years the amount of listings by too many sellers with ridiculous prices has proliferated to the point where the only thing certain is that not only don't they sell but more and more are joining the pack.

The prices are so high that you can't even make a serious offer because it will be so low that they will either ignore you or send you a snide retort. My reaction has been to totally ignore these sellers but it has become a nuisance due to the number joining them. There are some on mopo who do this but I am not referring to Todd who uses his million dollar posters to get people to look at his other posters for sale. I am talking about those who price all their posters at ridiculous prices.

I don't even look at ebay daily any longer but wait for Bruce and Heritage to offer what I want. (This is a good opening for Bruce to comment.) I am still trying to understand their motives. Just look at a one sheet of "Three Sons", a poster sold by Bruce for $56 recently and priced at 10 times that on ebay. Let's face reality - People who are going to spend $500 and up on a piece of paper will know their item, will research it and will be careful about their money. $20 is an impulse purchase. $500 is not. Can anyone explain these ridiculous sellers' motives?

 CJL



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