[78-L] ePay... oBoy

Steven C. Barr stevenc at interlinks.net
Tue Sep 14 20:49:48 PDT 2010


see end...
From: "Malcolm Rockwell" <malcolm at 78data.com>
> I've been meaning to do this for awhile.
> I check eBay every day while I have my coffee in the morning. I collect
> labels for projects I'm working on and have been doing so for at least 5
> years. As a result I now have a HUGE label collection. The shape of eBay
> has changed many times and I've still managed to keep up with them, and
> I still buy there regularly, and its use as a reference tool is priceless.
> BUT there are some trends that I really do not like (aside from their
> selling fee policies, which I won't touch here).
> Once upon a time one could buy garbage records from them for low prices
> and actually get some items of interest, like stuff you'd pick up at a
> garage sale for 25 cents each. If they're not to your taste when you
> play them they can always go inna gobbage and you're only out 25 cents.
> No more of that for eBay. Now that same stuff starts at around $5 and up
> and I watch a lot of items close with no bids at all.
> Another trend has to do with "recycling" the same records - if they
> don't sell the first time they immediately go to the bottom of the
> dealers sell list and back up on eBay. This is not only frustrating, but
> clogs up bandwidth with material nobody wanted to buy the first time. To
> be fair, a regular viewer may have missed bidding on an item and go for
> it on a second viewing, but that's usually not the case.
> It has also gotten to the point where even bidding on a wanted item is
> frustrating. An example? There's a record you want that starts at $10
> and has a week until it closes. You know what the record is worth to you
> (say $30) and you bid $12 a day before it closes. So far there has been
> maybe one bid 50 cents over the minimum bid, so you're cautiously
> hopeful. By the time there's 10 minutes to closing the bid is up to $20,
> still under your maximum bid so, 60 seconds before closing, you bid the
> $30. Then 2 others put in inordinately high bids (say, $100 and $120)
> and the bid up, thus putting the record out of your range. 3 seconds
> before closing an automatic bidding program kicks in with a preset level
> of $500 and the bidder takes the item for $120.50. Thus an item of
> moderate value inflates to a sales price 4 times what it's worth. And
> nobody wins but the buyer willing to pay just to beat out everyone else.
> And the seller, of course. It also helps to bring up the perceived
> minimum value of the record or artist and the next seller that comes
> along will have no trouble asking a minimum $50 bid for the same item,
> and the next buyer will possibly think it's a "reasonable" price.
> Discouraging to say the least.
> Once again, to be fair, business is business and my example is one way
> the upward going spiral of commerce moves along. But $5 minimums today
> for records worth 50 cents yesterday is unrealistic to my mind. Still,
> there's always the flea market and I don't have to bid, either. Then
> again, neither does anyone else and eBay gets loaded down with more and
> more crap that won't sell.
> Then there are the sellers with basements full of Classical, Arabic,
> Chinese, South American, and Antartican records who believe that more is
> better and put up 300 records, all closing at the same time. And they
> post regularly... with very high minimum bids... and nobody buys them.
> So, to locate records you may be interested in you have to troll through
> all of their records to find it interspersed therein. Maybe.
> Then there's the dealer who has a batch of labels he's never heard of
> and thinks you will pay $25 a pop for them because the labels are
> obscure (even though the material on them is cra... er... of
> questionable merit). And none of them sell. Great for me though as I get
> to harvest the labels for my own files.
> Okay, enough whining from me.
> To be fair, there are honest dealers on eBay that will work with you and
> things are really not as dire as I paint them. BUT, generally everyone
> suffers because of eBay's lousy policies and sellers greed; the buyer
> who many times has to settle for mediocre buys, and cannot afford $350
> for a Blind Willie Johnson record in V shape, to the sellers who cannot
> move most of their over priced stock.
> There are always winners but the fun has gone out of the process and
> that's half of what made eBay so interesting, the fun. There's also the
> music, of course!
>
This neatly sums up exactly why I DON'T look for 78's on eWotsit...?!
I've been lucky enough to acquire a few VERY large lots of 78's from
local-area dealers, usually for 10 cents or less per disc! Too much
stuff offered on eWotsit is being sold by young folks who don't
personally recall 78's and thus think they MUST be "rare and
valuable" (and set their minimums accordingly?!) These idio...er,
folks...also buy 78's for unreasonable prices and then think they
can still sell them for a large profit...?! Finally, there are gazillions
of "auto-snipe" accessories in use...so everything depends on whose
"autoSnipe" app posts the final bid (by X microseconds?!)

Actually, eWotsit has become a digital "home" for uncountable
"junk dealers" hoping to make money selling their garbage to
other idio...er, folks...for MUCH $$$?!

Steven C. Barr 




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