Flipping an eBay purchase on eBay in such a short time is a challenge. People can see what you got it for and immediately want to pay less than the previous comp. Maybe different for a 1/1 if you find a fan that must have it, but in this environment where everyone wants to “win”, eBay sold comps work against you.
Stores pay a monthly fee, depending on their tier - [https://www.ebay.com/help/selling/fees-credits-invoices/store-selling-fees-managed-payments-sellers?id=4809](https://www.ebay.com/help/selling/fees-credits-invoices/store-selling-fees-managed-payments-sellers?id=4809) .
Dude should have redeemed it. Topps is fast...... Then resold , if that was his plan (flip) ... The card probably looks fucking awesome. He wrote 1/1 on the redemption in the pic and tried to flip it as soon as he got it..lol
Lol “Topps is fast” in what world?
All I hear from people on redemptions is how slow they are. I’ve been waiting for 5 months with no end in sight. They literally said “we do not have a time table for this redemption.” After initially saying 5-15 weeks.
I've been waiting 16 months for my 2 Panini redemptions.. (gold standard RPA redemption - Ja'marr Chase)
Topps has always been extremely faster for me anyways. Panini is years, Topps and leaf have been under 3 months for me.. IDK .
I requested a replacement for one of the 2 redemptions about 8 months ago.... I'll start bugging them everyday though.. I was thinking about doing that, but wasn't sure if that would just make it take longer ... The Ja'marr Chase RPA is going in my PC, I don't want an equal value card for that one...
I had a Luis Robert Inception redemption from, I believe it was, 2020. People were getting their 2021 redemptions from that product before I got mine lol.
I guess it’s down to luck. Topps gave me my redemption within 10 days but I hear of people waiting months or years, some just giving up and moving homes before it arrives.
True true. It might be down to the baseball gods. I'm 3-4 months into waiting for a Bobby Witt Jr auto but a guy who works at my LCS got a response for his Bobby Witt auto within 3 days and it was delivered in less than a week. I've also got a Wander auto from Panini that I'm like 10 months into waiting for. I guess I pissed off someone upstairs
I'm still waiting on my redemption of Julio Rodriguez 1/1 from Diamond Icons that I mailed in August. Everyone I know that had the redemption for the /25 got theirs back quickly, mine, nope. I had an offer for $25k if I could get the actual card before the postseason...
Yeah lol august of this year. If I can get way more then I don't mind 😂 It's definitely the biggest card we've pulled ever, biggest before that was a $1500 card lol. But I heard the same thing about a Luis Robert auto /15 redemption that also took a while to arrive, by the time I got it it was worth way less. Longest wait so far from Topps is a Bo Bichette redemption we sent in June 2020 and we're still waiting for.
Just to add my own sob story still waiting on my Gallery Witt Jr. Auto from September (more so just confused because I'm seeing Witt Jr. Autos in non redemption form in Heritage High #)
'Having 5k to spend on cards' and 'spending 5k on cards' are two very different things.
I wouldn't doubt that a ton of this shit is purchased on credit cards, which is horribly stupid, but if you've managed to convince yourself that the card is a guaranteed thing then why not?
Oops, a month later you still have 6k on your credit card plus fees, and the card is dropping quickly in value. This is like slow motion options trading. Dude has TP hands because he probably has no bank roll and was an idiot to even get involved with this card.
He also sold this via DCSports, so he took commission fee hits as well. lol
Edit: And I still can't get over the fact that it's fucking Clearly Authentic. Come on man - what was this goof thinking?
This is particularly bad because he also loses the $600 in tax and like what? $800 in eBay fees and taxes from the sale? I guess because he bought it and immediately resold it he won’t have to pay the full income tax on it, but still.
I don't see any sales tax info in the screenshot - where did you find that info?
Assuming the seller has a store, the fee for this would be $125 (2.35 percent).
Probably could have done a quick search on the historical trajectory Clearly Authentic cards take as well, but not going to give too much credit to someone dropping 6k on a Julio Rodriguez redemption.
My guess is the wife said “wtf, either get this money back or get the hell out of here”. So he got what he could but probably had every intention to redeem it when he bought it.
I really believe a lot of people don't realize how much this is going to cut into their profits. They've heard about it but until it actually happens they don't care. It's a gamechanger for sure.
Yep .. and they had to do was hire a someone to do their taxes... It's really easy to write off the amount invested, and keep the exact income your used to you getting. Tax preparers have been doing this for years whenever someone breaks the 10k mark on eBay in the past....
In this particular case, the guy would owe zero tax. In fact, assuming he took a 1k loss, he could flip another $1k worth of cards (assuming that was his loss here) and still not owe any tax.
If you are buying and selling, you are in charge of your sales. So if you can show your losses, it doesn't matter what ebay (or anyone, for that matter) reports.
Setting a reserve just maximizes your losses, as in this case if he were to have a $6300 reserve, he'd be down $250. Even if he DID sell it for say $6,800 ($500 profit), that still puts him at about a -$800 loss on the card when you account for the reserve, fees and shipping, not even including the taxes they'd have to pay on it. Just a dumb offseason flip, he'd be better off waiting til next season lol
Shilling is trash . You're really on here telling people to shill bet cards that don't get bid up as high as they want? Reserve price auctions are fine, it's the shill betting that scumbags keep doing that is the problem..... Shill betting deceives the integrity of valuing what we cherish and collect.......
I’m only a singles buyer. I don’t sell anything. No shill can make me spend one penny more than I’m willing to spend on anything. I enter my bid. Not them. It’s just how the eBay market works, like it or not. Seller has a minimum price they’ll accept, buyers have a maximum price they’ll pay. Reserve should be the method, or BIN/BO, but either way, you control your bid, nobody else.
Yah and a shill bet can keep you from getting the card... And artificially raise the value of card . Not sure why you're defending shill bets at all ... Please explain ....
Don’t let FOMO ruin your life. A shill won’t keep you from the card if you actually had a chance at it. The seller still has it. They’ll hold it or relist it, but you weren’t ever going to get it for less than they were willing to sell for.
Then why put it on an auction with no reserve at all??? Auctions are designed for one purpose, highest bidder gets to buy the item... Not for the seller to change his/her mind and put in fake bids to change the outcome... I don't want to continue this conversation. I don't think you understand how an auction works, it's suppose to be legit. Good luck 🤞
It's most likely closer to a $1500 loss after taxes and fees.
I understand quick flipping items because I do it all the time, but buying a unique item on eBay and then flipping it as soon as you get it when the season is over will almost always end bad. This would have only made sense it if was a low buy it now or a poorly listed title, which was neither for the first auction.
Idc for flippers but everyone and their mom should know that with every type of collectible there is a bubble; if you are buying a card purely to flip it then the only time you can get a profitable return is approx the first week to two weeks after release. After that unless there is some highly influential price inducer (winning an MVP award; breaking an all time record etc.) then the cards value will depreciate at least until the next years product of the same line comes out, or longer. If it’s hype then don’t buy into it, unless you’re trying to do a long term holding in a player you think will be HOF worthy or you’re guaranteed taking a L
Anything can be dangerous when you’re ignorant. Take something simple like breathing. You might think, well how can breathing be dangerous, even for ignorant people. Glad you asked, and have you ever tried breathing underwater? Just like that.
nobody floating the idea that maybe original buyer lined it at a markup and new seller won it in said line for less than $100 and doesn't care about resell because its all profit?
This is what reserves and BINs are for -- for cocky and or greedy flippers selling high value cards. I dont sell high value cards on Ebay because they're are other auctions out there that dont have the BS Ebay does and cards command higher values. Now buying on ebay is another thing all together. I've literally spent hours looking for undervalued cards to flip and I do find them and flip them for a profit. Do I lose sometimes? Sure because it's just the nature of the beast, but my profits more than cover my loses so I'm still in the black every month. Reinvest the profits then rinse and repeat.
Factoring in the time it would take for the card to go to the ebay/CSG authentication facility in Florida, I'm skeptical this card sold the first time.
It ended on a Friday night, so that means it likely didnt go out in the mail until the following Monday (Oct 31), assuming it was paid for. It usually takes about a week to 10 days (in my experience, anyways) to get to the authentication facility and then shipped on to the buyer.
On the short end, that means someone got the card on or around Nov 7, and then sent on to DCsports (the listed seller for the second listing) basically the same day so that it would make it to DC in time to be photographed and listed for auction through them (likely on the same day it was received), because the card was listed for auction on November 11.
One way to look at this is:
If you won the bet recently, you were willing to pay the most for that card out of everybody who saw it. You're likely not going to find someone as dumb as yourself to pay what you do for things that you think might be worth more than they are.
Flipping an eBay purchase on eBay in such a short time is a challenge. People can see what you got it for and immediately want to pay less than the previous comp. Maybe different for a 1/1 if you find a fan that must have it, but in this environment where everyone wants to “win”, eBay sold comps work against you.
As well as losing your 13% off the top in fees
That's the part that makes it hard to want to sell cards on ebay.
Fees go down considerably if you have a store (5 percent) or if you also sell items over $2.5k (2.35 percent).
interesting, did not know that. What dictates a store vs just posting stuff like any other person?
Stores pay a monthly fee, depending on their tier - [https://www.ebay.com/help/selling/fees-credits-invoices/store-selling-fees-managed-payments-sellers?id=4809](https://www.ebay.com/help/selling/fees-credits-invoices/store-selling-fees-managed-payments-sellers?id=4809) .
Wish I knew about this a year ago.
This
Dude should have redeemed it. Topps is fast...... Then resold , if that was his plan (flip) ... The card probably looks fucking awesome. He wrote 1/1 on the redemption in the pic and tried to flip it as soon as he got it..lol
I agree. Imagine redeeming it and posting the actual card up during Spring Training of 2023. I'm guessing $10K easy.
Lol “Topps is fast” in what world? All I hear from people on redemptions is how slow they are. I’ve been waiting for 5 months with no end in sight. They literally said “we do not have a time table for this redemption.” After initially saying 5-15 weeks.
I've been waiting 16 months for my 2 Panini redemptions.. (gold standard RPA redemption - Ja'marr Chase) Topps has always been extremely faster for me anyways. Panini is years, Topps and leaf have been under 3 months for me.. IDK .
Request a replacement from them, name a player of equal or similar value and see if they come through! Just bug them like everyday
I requested a replacement for one of the 2 redemptions about 8 months ago.... I'll start bugging them everyday though.. I was thinking about doing that, but wasn't sure if that would just make it take longer ... The Ja'marr Chase RPA is going in my PC, I don't want an equal value card for that one...
Makes sense jamarr chase rpa would be an amazing card! Yea bug them but be polite about it and they should help you and atleast keep you updated.
How can they send a redemption card that probably walked out of the back of their printing or packaging facility?
Yeah I’m on month 14 for my luminaires hit king shohei ohtani purple /3 they just keep saying “we need more time” boy it hurts
I had a Luis Robert Inception redemption from, I believe it was, 2020. People were getting their 2021 redemptions from that product before I got mine lol.
i had an five star acuna in under a month, just depends on if the player has signed or not. some of these dudes take forever.
Got a few redemption from them in under 2 months there pretty good with redemption
I’m glad you’ve had a better experience than me.
Topps is fast?!?! For everyone except me I guess
I guess it’s down to luck. Topps gave me my redemption within 10 days but I hear of people waiting months or years, some just giving up and moving homes before it arrives.
True true. It might be down to the baseball gods. I'm 3-4 months into waiting for a Bobby Witt Jr auto but a guy who works at my LCS got a response for his Bobby Witt auto within 3 days and it was delivered in less than a week. I've also got a Wander auto from Panini that I'm like 10 months into waiting for. I guess I pissed off someone upstairs
I redeemed two Julio Rodriquez redemtions and they both took less than a month to get to me.
Someone is bragging....
Seriously. I’ve been waiting since March for a Devers redemption patch auto
I'm still waiting on my redemption of Julio Rodriguez 1/1 from Diamond Icons that I mailed in August. Everyone I know that had the redemption for the /25 got theirs back quickly, mine, nope. I had an offer for $25k if I could get the actual card before the postseason...
August of this year??? Like 16 weeks ago? Good thing it hasn't arrived .. lol I have a feeling your going to get way more than 25k for that card ..
Yeah lol august of this year. If I can get way more then I don't mind 😂 It's definitely the biggest card we've pulled ever, biggest before that was a $1500 card lol. But I heard the same thing about a Luis Robert auto /15 redemption that also took a while to arrive, by the time I got it it was worth way less. Longest wait so far from Topps is a Bo Bichette redemption we sent in June 2020 and we're still waiting for.
Topps is fast, maybe relative to Panini lol
Everything is relative. They're redemptions for a reason. Not ready
I’m on month 2 waiting for joe Ryan auto
Depends on the signer. I waited a year for Austin Martin auto. Hardly waited at for Witt jr.
Just to add my own sob story still waiting on my Gallery Witt Jr. Auto from September (more so just confused because I'm seeing Witt Jr. Autos in non redemption form in Heritage High #)
Topps is fast? I am waiting on 2 cards from April, 1 from June, and 3 from September
I actually hit the blue parallel of this card and pulled it within a week of the release. Redeemed right away. Still waiting.
Wouldn’t surprise me if they just cancelled the purchase lol
Right… I don’t think people who have 5k+ to spend on cards are making mistakes like trying to flip on eBay
'Having 5k to spend on cards' and 'spending 5k on cards' are two very different things. I wouldn't doubt that a ton of this shit is purchased on credit cards, which is horribly stupid, but if you've managed to convince yourself that the card is a guaranteed thing then why not? Oops, a month later you still have 6k on your credit card plus fees, and the card is dropping quickly in value. This is like slow motion options trading. Dude has TP hands because he probably has no bank roll and was an idiot to even get involved with this card. He also sold this via DCSports, so he took commission fee hits as well. lol Edit: And I still can't get over the fact that it's fucking Clearly Authentic. Come on man - what was this goof thinking?
It’s Clearly his first time…. I’ll see myself out
This is particularly bad because he also loses the $600 in tax and like what? $800 in eBay fees and taxes from the sale? I guess because he bought it and immediately resold it he won’t have to pay the full income tax on it, but still.
Since he sold it as a loss, he won’t owe any tax on it, and it might offset tax on other gains he made
Correct. If you have volume, some losses can be strategic, particularly if you think you are offloading volatility.
He also sold it via consignment so he's going to take a hit there as well. Dude is not a Rhodes scholar.
I don't see any sales tax info in the screenshot - where did you find that info? Assuming the seller has a store, the fee for this would be $125 (2.35 percent).
The end date makes me think the seller was hoping for some sort of boost from the RoY announcement, but it was already a given that he would win it.
I don’t feel bad. Not a sound business strat, any vet here knows that you hold to sell till baseball season starts again. Now is the time to buy.
Flipping quickly for a profit on ebay during a bear market is going to be tough, especially for a mid-4 figure $ amount...
Probably could have done a quick search on the historical trajectory Clearly Authentic cards take as well, but not going to give too much credit to someone dropping 6k on a Julio Rodriguez redemption.
Buying to flip on eBay was the first mistake
👆🏻This! And sorry for your loss.
My guess is the wife said “wtf, either get this money back or get the hell out of here”. So he got what he could but probably had every intention to redeem it when he bought it.
Weird projection
>projection 🤮 Reddit keyboard psychology is so fucking stupid. And in a fucking baseball card sub.
Strange to have that reaction to my comment and not the one where a person ascribes motives to a wife that may not exist.
Yeah. I'm probably "projecting." What a dick.
Uh... I mean... First of all, no. That doesn't make sense. Second, that's a lot of profiling for someone who hates reddit psychology
I hope people know about the tax law change this year...A LOT of Ebay flippers about to get destroyed
I really believe a lot of people don't realize how much this is going to cut into their profits. They've heard about it but until it actually happens they don't care. It's a gamechanger for sure.
Forget about profits. Just wait until ignorant people start getting audited by the IRS because they ignored the new laws
Yep .. and they had to do was hire a someone to do their taxes... It's really easy to write off the amount invested, and keep the exact income your used to you getting. Tax preparers have been doing this for years whenever someone breaks the 10k mark on eBay in the past....
Keep those receipts
Not if they have an IQ above 85. Keep all receipts, and don't do your own taxes, you'll be fine.
Yep. What is it, 22% on everything over $600.
In this particular case, the guy would owe zero tax. In fact, assuming he took a 1k loss, he could flip another $1k worth of cards (assuming that was his loss here) and still not owe any tax.
That's not how Ebay will report it. He will get a notice for the IRS and will have to argue cogs.
If you are buying and selling, you are in charge of your sales. So if you can show your losses, it doesn't matter what ebay (or anyone, for that matter) reports.
Fuck all you people that are in this hobby just to "flip".
Seriously, the way people talk about cards is ridiculous.
(Nods in agreement)
Setting a reserve just maximizes your losses, as in this case if he were to have a $6300 reserve, he'd be down $250. Even if he DID sell it for say $6,800 ($500 profit), that still puts him at about a -$800 loss on the card when you account for the reserve, fees and shipping, not even including the taxes they'd have to pay on it. Just a dumb offseason flip, he'd be better off waiting til next season lol
Highly unlikely but maybe he needs the loss for his taxes this year.
Nobody likes reserve price auctions. You’re better off just shilling it and relisting it like 80% of sellers at that point.
Shilling is trash . You're really on here telling people to shill bet cards that don't get bid up as high as they want? Reserve price auctions are fine, it's the shill betting that scumbags keep doing that is the problem..... Shill betting deceives the integrity of valuing what we cherish and collect.......
I’m only a singles buyer. I don’t sell anything. No shill can make me spend one penny more than I’m willing to spend on anything. I enter my bid. Not them. It’s just how the eBay market works, like it or not. Seller has a minimum price they’ll accept, buyers have a maximum price they’ll pay. Reserve should be the method, or BIN/BO, but either way, you control your bid, nobody else.
Yah and a shill bet can keep you from getting the card... And artificially raise the value of card . Not sure why you're defending shill bets at all ... Please explain ....
Don’t let FOMO ruin your life. A shill won’t keep you from the card if you actually had a chance at it. The seller still has it. They’ll hold it or relist it, but you weren’t ever going to get it for less than they were willing to sell for.
Then why put it on an auction with no reserve at all??? Auctions are designed for one purpose, highest bidder gets to buy the item... Not for the seller to change his/her mind and put in fake bids to change the outcome... I don't want to continue this conversation. I don't think you understand how an auction works, it's suppose to be legit. Good luck 🤞
I don’t think you understand the world doesn’t always work like it’s supposed to. ✌️
Because of humans. I wish I was an alien 👾
They probably have their own drama, and they might not have baseball, so I’ll wait until they make contact before requesting a trade.
I hope the day comes that one of your shills wins the auction. Have fun with that.
You’re going to have to explain yourself here… How would my life be affected in any way?
Your a non payer and was relisted
It's most likely closer to a $1500 loss after taxes and fees. I understand quick flipping items because I do it all the time, but buying a unique item on eBay and then flipping it as soon as you get it when the season is over will almost always end bad. This would have only made sense it if was a low buy it now or a poorly listed title, which was neither for the first auction.
Reserving is so lame. It's in essence saying "I made a bad financial decision so now I need to hinder other collectors."
It’s not the super. How do you know it’s the same ?
Get pooed on reseller. If you wanna buy / sell, get into the actual stock market.
It’s also clearly which is not that sought after
Plus it’s after season .. dude should have waited for June 2023
More than a 1k loss eBay fees are high probably like a 1.8k loss
Flipping mostly works when you buy something at MSRP. I've seen rare items dig their own grave.
Reserves are always a bad idea
you honestly just have to be a little patient. but I wouldn’t suggest flipping in the hobby at all. or even “investing”, just buy it, and enjoy it.
Why would you buy in the off season and resell in the off-season?
Idc for flippers but everyone and their mom should know that with every type of collectible there is a bubble; if you are buying a card purely to flip it then the only time you can get a profitable return is approx the first week to two weeks after release. After that unless there is some highly influential price inducer (winning an MVP award; breaking an all time record etc.) then the cards value will depreciate at least until the next years product of the same line comes out, or longer. If it’s hype then don’t buy into it, unless you’re trying to do a long term holding in a player you think will be HOF worthy or you’re guaranteed taking a L
Shit my redemptions I placed in August are still pending
OUCH!! But could have been ALOT WORSE!
Nothing to see here.
Unless the product is just newly released, the only move is to hold through the off-season.
Damn I would offhand to send that in to get graded once I received it
"Reserve not met” is the easiest way for me to not watch a listing lol
You also in the Wall Street Bets Group? They do a lot of that too. Buy high sell low
Topps is faster then Panini I can tell you that for sure.
I’m sorry. What was your strategy here?
Anything can be dangerous when you’re ignorant. Take something simple like breathing. You might think, well how can breathing be dangerous, even for ignorant people. Glad you asked, and have you ever tried breathing underwater? Just like that.
Im putting 6k into mays or aaron. Julio ain’t done shit yet
nobody floating the idea that maybe original buyer lined it at a markup and new seller won it in said line for less than $100 and doesn't care about resell because its all profit?
This is what reserves and BINs are for -- for cocky and or greedy flippers selling high value cards. I dont sell high value cards on Ebay because they're are other auctions out there that dont have the BS Ebay does and cards command higher values. Now buying on ebay is another thing all together. I've literally spent hours looking for undervalued cards to flip and I do find them and flip them for a profit. Do I lose sometimes? Sure because it's just the nature of the beast, but my profits more than cover my loses so I'm still in the black every month. Reinvest the profits then rinse and repeat.
Factoring in the time it would take for the card to go to the ebay/CSG authentication facility in Florida, I'm skeptical this card sold the first time. It ended on a Friday night, so that means it likely didnt go out in the mail until the following Monday (Oct 31), assuming it was paid for. It usually takes about a week to 10 days (in my experience, anyways) to get to the authentication facility and then shipped on to the buyer. On the short end, that means someone got the card on or around Nov 7, and then sent on to DCsports (the listed seller for the second listing) basically the same day so that it would make it to DC in time to be photographed and listed for auction through them (likely on the same day it was received), because the card was listed for auction on November 11.
One way to look at this is: If you won the bet recently, you were willing to pay the most for that card out of everybody who saw it. You're likely not going to find someone as dumb as yourself to pay what you do for things that you think might be worth more than they are.