Alt or Fanatics?

[messier2]

Hi Guys,

Now that I see there is this "bull-market" going on, I would like to move a couple of my higher end cards.

I have narrowed down my auction house choices to either Alt or Fanatics.

Would anyone like to share their experiences with each? Pros/cons would be great.

I see that Alt has this "snap to sell" feature and they can give you a certain percentage in cash at a card show (which intrigues me). Do they just give you cash at the show and take the card to list? How simple is that process?

But, Fanatics is the "bigger name", so perhaps more buyers?

Would love to hear your thoughts on both. Thanks!

[90skid]

I have a Jordan card that I wanted to sell, had it on eBay and kept getting lowball offers - so I decided to send it to Fanatics Collect (aka PWCC) to list on their auctions. It just recently arrived, and will be going into their weekly auction #193.

I feel like Jordan's are selling much higher on that platform, so I was willing to give it a try, it's my first one on there. So far the process has been smooth.

[messier2]

Originally Posted by 90skid

I have a Jordan card that I wanted to sell, had it on eBay and kept getting lowball offers - so I decided to send it to Fanatics Collect (aka PWCC) to list on their auctions. It just recently arrived, and will be going into their weekly auction #193.

I feel like Jordan's are selling much on that platform, so I was willing to give it a try, it's my first one on there. So far the process has been smooth.

Good luck man! I think the "big dogs" lurk at both Fanatics and Alt. It's just about timing and hoping they are not going after a grail card so they have a few bucks to spare for our card! lol

[Ericc5Bears]

Depends on the card, I sell a lot at all 3 auction houses. In my experience alt is better for ultra modern/whatever "high end" insert is currently trending (think kabooms, downtowns, color blasts, etc.) Fanatics is better for older proven players, things like lebron autos, rare jordan/brady stuff, etc.

[sethc1020]

Also check on consigning with MC, his MC Mondays are huge and it seems like all his auctions go for quite a bit more than most. I've never actually used any of them to sell but from what I've seen MC does really well. I rarely if ever go to Alt just because of the stuff I've heard about them.

[Ericc5Bears]

Originally Posted by sethc1020

Also check on consigning with MC, his MC Mondays are huge and it seems like all his auctions go for quite a bit more than most. I've never actually used any of them to sell but from what I've seen MC does really well. I rarely if ever go to Alt just because of the stuff I've heard about them.

Never ever sell anything over mid 4 figures on ebay auction. There are people who legitimately make a living on winning higher end MC/probstein/dc sports auctions and then just immediately sending them to alt/goldin where they sell for 20-25% higher.

[sethc1020]

Originally Posted by Ericc5Bears

Never ever sell anything over mid 4 figures on ebay auction. There are people who legitimately make a living on winning higher end MC/probstein/dc sports auctions and then just immediately sending them to alt/goldin where they sell for 20-25% higher.

Im not sure I believe this but I will look into finding examples of it happening. Do you have any specific examples?

[Ericc5Bears]

Originally Posted by sethc1020

Im not sure I believe this but I will look into finding examples of it happening. Do you have any specific examples?

Sure, here's a great one:

32.3k at Goldin on May 8th
25.3k at MC sports on May 19th
30.5k at Goldin on May 31st
26.1k at MC sports on July 21st
38.4k at Fanatics premier on August 29th

[messier2]

Originally Posted by Ericc5Bears

Depends on the card, I sell a lot at all 3 auction houses. In my experience alt is better for ultra modern/whatever "high end" insert is currently trending (think kabooms, downtowns, color blasts, etc.) Fanatics is better for older proven players, things like lebron autos, rare jordan/brady stuff, etc.

Thanks, that's very helpful!

Do you or anyone know an auction house that will take cards in-person rather than shipping to them (Fanatics maybe?)? I know Alt does that but they are not going to a show near me anytime soon.

Would rather avoid sending the card via mail...

[messier2]

Originally Posted by Ericc5Bears

Never ever sell anything over mid 4 figures on ebay auction. There are people who legitimately make a living on winning higher end MC/probstein/dc sports auctions and then just immediately sending them to alt/goldin where they sell for 20-25% higher.

Yeah, I noticed that...great for buyers like me, but bad for sellers just trying to get close to full market value on their cards!

[Ericc5Bears]

Originally Posted by messier2

Thanks, that's very helpful!

Do you or anyone know an auction house that will take cards in-person rather than shipping to them (Fanatics maybe?)? I know Alt does that but they are not going to a show near me anytime soon.

Would rather avoid sending the card via mail...

I think they pretty much all do at the major shows (national, dallas, etc.) but other than that just gotta do ups or fedex overnight.

[sethc1020]

Originally Posted by Ericc5Bears

Sure, here's a great one:

32.3k at Goldin on May 8th
25.3k at MC sports on May 19th
30.5k at Goldin on May 31st
26.1k at MC sports on July 21st
38.4k at Fanatics premier on August 29th

Nice, I guess you're right on the higher higher end stuff.

[messier2]

Originally Posted by Ericc5Bears

I think they pretty much all do at the major shows (national, dallas, etc.) but other than that just gotta do ups or fedex overnight.

Yeah, I'm just paranoid about mailing high dollar cards...would rather deal in person and happy to not get the full value as long as I know card is direct to dealer and cash is in hand!

[BoSoxFan1999]

Originally Posted by messier2

Yeah, I'm just paranoid about mailing high dollar cards...would rather deal in person and happy to not get the full value as long as I know card is direct to dealer and cash is in hand!

If it's high-end enough, I'd board a plane and deliver/pick up the card in person.

I recently subbed a card in person (~$25k value at the time) to BGS at a local card show where they were taking dropoff subs....despite dropping it off in person, I still had to pay $350 in insurance for return shipping (plus the $130 grading fee). If I had shipped it to them, would have cost likely another few hundred for insurance from my house to Dallas.

Subbing in person and then flying out, picking up in person, and flying back home might have actually been cheaper compared to mailing from my house.

Whoops, just realized you were talking about mailing cards you sold and not subbing for grading. But same principles apply.

[boxbuster7]

how about Neither?

[messier2]

Originally Posted by BoSoxFan1999

If it's high-end enough, I'd board a plane and deliver/pick up the card in person.

I recently subbed a card in person (~$25k value at the time) to BGS at a local card show where they were taking dropoff subs....despite dropping it off in person, I still had to pay $350 in insurance for return shipping (plus the $130 grading fee). If I had shipped it to them, would have cost likely another few hundred for insurance from my house to Dallas.

Subbing in person and then flying out, picking up in person, and flying back home might have actually been cheaper compared to mailing from my house.

Whoops, just realized you were talking about mailing cards you sold and not subbing for grading. But same principles apply.

I'm thinking about flying to the Dallas Card Show and just subbing it with Alt on the spot. Well worth the trip for me since I can enjoy the show at the same time! Though November is so far away! lol

[The Finest]

Originally Posted by Ericc5Bears

Sure, here's a great one:

32.3k at Goldin on May 8th
25.3k at MC sports on May 19th
30.5k at Goldin on May 31st
26.1k at MC sports on July 21st
38.4k at Fanatics premier on August 29th

Not saying you're wrong but those sale prices are a little deceiving because the Goldin prices factor in the 22% buyers premium that the seller does not receive.

So the sales on July 21st the seller netted $24,795 (95%) from MC sports and May 19th sale - $24,035 from MC Sports
Both more than the Goldin sale on May 31st, the seller netted $23,790 (100% of the hammer price)

(I know Fanatics does give a portion of the of the buyers premium to the seller and you can negotiate with Goldin to get a piece as well.)

[Spacemanspif]

Originally Posted by The Finest

Not saying you're wrong but those sale prices are a little deceiving because the Goldin prices factor in the 22% buyers premium that the seller does not receive.

So the sales on July 21st the seller netted $24,795 (95%) from MC sports and May 19th sale - $24,035 from MC Sports
Both more than the Goldin sale on May 31st, the seller netted $23,790 (100% of the hammer price)

(I know Fanatics does give a portion of the of the buyers premium to the seller and you can negotiate with Goldin to get a piece as well.)

the screenshot is from Cardladder, which reflects the actual sale price, not the hammer price. $38.4k is a weirdly specific number until you realize it's 120% of a $32k bid. Same with $30.5k being 122% of $25k bid. Do you actually think that people spending that much money (or any money at all at auction houses) don't know how these things work?


on topic, I consigned a ton of stuff with PWCC / Fanatics for the upcoming NBA season, fingers crossed it at least gets market value. I've reached out to Goldin and Alt in the past but was given pretty non-competitive rates for the volume I was looking to move and have had other customer service issues with each of them in the past while PWCC / Fanatics has always been quite responsive and good at resolving issues that come up.

[The Finest]

Originally Posted by Spacemanspif

the screenshot is from Cardladder, which reflects the actual sale price, not the hammer price. $38.4k is a weirdly specific number until you realize it's 120% of a $32k bid. Same with $30.5k being 122% of $25k bid. Do you actually think that people spending that much money (or any money at all at auction houses) don't know how these things work?


on topic, I consigned a ton of stuff with PWCC / Fanatics for the upcoming NBA season, fingers crossed it at least gets market value. I've reached out to Goldin and Alt in the past but was given pretty non-competitive rates for the volume I was looking to move and have had other customer service issues with each of them in the past while PWCC / Fanatics has always been quite responsive and good at resolving issues that come up.

I can't tell if you're disagreeing with me or not because we said the exact same thing lol.
edit: My math was wrong 122% would be a sale price of $25,000 not $23,700. So Goldin was a little higher pay out for both sellers. (But not as high as just looking at the difference in final prices which was stated as 20-25% higher, which was my main point)

[Ericc5Bears]

Originally Posted by The Finest

Not saying you're wrong but those sale prices are a little deceiving because the Goldin prices factor in the 22% buyers premium that the seller does not receive.

So the sales on July 21st the seller netted $24,795 (95%) from MC sports and May 19th sale - $24,035 from MC Sports
Both more than the Goldin sale on May 31st, the seller netted $23,790 (100% of the hammer price)

(I know Fanatics does give a portion of the of the buyers premium to the seller and you can negotiate with Goldin to get a piece as well.)

You should neve be allowing goldin (or any auction house) to take the entirety of the BP. You are literally offering them basically risk-free money by auctioning your item(s) and because of that they will almost always negotiate on rates. The first submission I ever made to goldin I got 110% of the hammer and over time have slowly negotiated that up to 114%. Now if you're submitting 1 or 2 cards worth a few hundred dollars that might not be the case, but at that point you really shouldn't be submitting to goldin anyway.

[r338]

Originally Posted by Ericc5Bears

You should neve be allowing goldin (or any auction house) to take the entirety of the hammer. You are literally offering them basically risk-free money by auctioning your item(s) and because of that they will almost always negotiate on rates. The first submission I ever made to goldin I got 110% of the hammer and over time have slowly negotiated that up to 114%. Now if you're submitting 1 or 2 cards worth a few hundred dollars that might not be the case, but at that point you really shouldn't be submitting to goldin anyway.

The rates Goldin offers is different for everyone. The best they offered to me was 90% of the hammer, so I never consigned with Goldin.

[boxbuster7]

I have a fanatics vault question

I bought my first card yesterday and it is still not in my inventory. I used bank as the payment so assuming it'll show up monday but just curious if anybody knew the answer.

[imbluestreak23]

Originally Posted by r338

The rates Goldin offers is different for everyone. The best they offered to me was 90% of the hammer, so I never consigned with Goldin.

So they were going to make 32% off your consignment?

WT actual F

[KhalDrogo]

Originally Posted by boxbuster7

I have a fanatics vault question

I bought my first card yesterday and it is still not in my inventory. I used bank as the payment so assuming it'll show up monday but just curious if anybody knew the answer.

Expect it to show up within a day of the transfer being received by them.

[boxbuster7]

Originally Posted by KhalDrogo

Expect it to show up within a day of the transfer being received by them.

thank you

welcome back