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Rare record pricing.

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jameswei

jameswei

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I just bought a lot of 1000 45's and within them are some mint condition promo copies. Most of them are not listed in the discogs catalog, but one was, by bessie banks, don't you worry baby the best is yet to come. I couldn't find any ifno to its worth. No record on ebay and no sales record on discogs, so i just take a wild guess and post $19.99, within a minute someone in germany bought it already and i know that i had price it too low. So for all the other ones that i can't find prices for, how do i approach on pricing them?
 
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Price them all at one cent and let the market decide. It's also cheaper to list that way. And be ultra-conservative in your listing of the quality; everyone buys one grade lower than they want and expect one grade higher than they got and complains if they don't get it. Selling records online is like asking to be punched in the head repeatedly.
 
Wigwam Jones said:
Price them all at one cent and let the market decide. It's also cheaper to list that way. And be ultra-conservative in your listing of the quality; everyone buys one grade lower than they want and expect one grade higher than they got and complains if they don't get it. Selling records online is like asking to be punched in the head repeatedly.
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I agree. 1 cent/ 7 days and let it ride. Last 20 minutes is normally a sh!t storm!!!
 
Interesting that Bessie Banks' Baby You Sure Know How To Get To Me from the previous year is only going for $24+.

Wonder why Don't You Worry Baby The Best Is Yet To Come is so much more pricer.
 
Really truly guys, if you just list for a low opening bid and no BIN, you pay the least amount to list the sale, and the market will take care of making sure you get the highest going rate. I don't understand the entire philosophy of wasting time trying to figure out what the highest possible price MIGHT be, and then wasting money listing it and watching it not sell (and you still pay the listing fees). Your time is worth money too. Just list cheap and let the market do the work for you. It will.
 
Yes, your method works on ebay, but discogs is not a bidding site, you have to price it. Because discogs doesn't charge a listing fee and only charges 5-8 % of the sales. Its much cheaper than e-pay.
 
jameswei said:
Yes, your method works on ebay, but discogs is not a bidding site, you have to price it. Because discogs doesn't charge a listing fee and only charges 5-8 % of the sales. Its much cheaper than e-pay.
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Oh, I see. You didn't say that, only that you were researching prices on discogs. Never mind.
 
Some of my rarer items I tend to list at just below market price if I can find an indication of that.
But like everyone is saying list them and let the market loose on them.
You will get a bid on an item and it may sit there until the last few seconds and it takes off.
If it's really desirable people will either jockey for position or watch it till the end and come in with their bid
If it doesn't sell leave it a week or two and relist again at a lower price.
 
IMO eBay is really hit or miss. A few years back it was a hit almost every time for me, now not so much. I rarely sell anymore do to fees and the lack of seller protection on overseas transactions. If you want the big $$$ you have to allow international bidders and sales. They're the ones buying and bidding the most, at least that's what I've seen in 13+ years of selling on eBay. If you think it's rare, put a reserve on it. I've seen certain records sell for $50, then listed one in nicer shape and it sells for $12. I've also bought records that would usually sell for $50+ for only $.99. I bought a MFSL of the Rolling Stones Sticky Fingers in NM shape for the opening bid of $9.99 in April of this year. That's eBay though.
 
jameswei said:
Yes, your method works on ebay, but discogs is not a bidding site, you have to price it. Because discogs doesn't charge a listing fee and only charges 5-8 % of the sales. Its much cheaper than e-pay.
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Not trying to tell you what to do but paying a 50 cent listing fee on Ebay and a 10% to 15% final value fee on $400.00 on Ebay is much better than paying 5% on Discogs of $19.99 if you cant find a price on a rare record you are much better listing on Ebay with a 99 cent starting bid and having millions of people decide it's value than making a wild guess and selling on Discogs for a 20th of it's real value or not selling at all because it's priced to high.

Part of this buying and selling thing is making mistakes GL with your future sales.


REGARDS SNOW
 
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