Tips For Selling Expensive Collectibles On E Bay
Recently, a friend asked me to help her brother sell his collection on Lladro glass figurines on e bay. These are expensive glass collectibles and I knew nothing about them – but I don’t have to. The principles for selling expensive collectibles on e bay are the same, regardless of what is being sold.
Price- decide the lowest amount you will accept for each figurine and set that price as a reserve. Then make your opening bid absurdly low. Looking at completed e bay auctions allows us to track prices, again and again we learn that starting the price where the seller hopes it will end is not a wise tactic.
Devote space in your auction listing explaining how you will pack your item to ensure safe transit. This is critically important because in the back of every buyer’s mind is the dread of receiving a package that rattles. A collectibles buyer will inevitably be thinking of the hassle one will have to go through and the possible loss of purchase price if her item is broken. O needs to know that the seller has carefully considered this issue and has a solution.
For the protection of each of you, insist that the client must pay for insurance. Do not forget this option. You undoubtedly don’t need the liability of a broken collectible that costs lots of of dollars. In fact, if a buyer objects to paying for insurance coverage, this might probably be a red flag. A genuine collector may be very eager so as to add to his assortment and needs his figurine to be protected.
We will safely assume that each Web purchaser has heard tales of frauds on e bay and elsewhere on the Net. Therefore, something you can do to prove the authenticity of your collectible is good for you. Is there a marking on the underside of collectible? Do you have the original box or other container? Does it have a label? Is there a certificate of authenticity or an appraisal by a respected organization? If the answer to any of those is “yes”, then be sure to emphasize your authenticity in your auction. Taking photos of your proof is especially effective.
Your bank can advise you on the time it will take to verify foreign funds. Be certain to let any prospective buyer know in your auction that there will be a delay if they are outside of your country. Do not let your merchandise out of your hands until you are sure! If you follow these ‘rules’, the chances of selling your expensive collectibles at the highest possible prices will be greatly increased.
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