All I want to do is talk about COMC

[jetscollector10]

I just prefer I don't have to wait until Dec 29th. These hopefully will be a permanent, ongoing thing after that, and not once every two months.

[ForceChange77]

Originally Posted by fungi2510

The holidays will be well over when the first auctions end. Of all the things to complain about with this service, you choose this one? Seriously though.

Holidays are barely over. It’s the Sunday after New Years and people are traveling home. People also have spent their money on Christmas gifts. So my point is valid

[bradical]

Does this mean that COMC will start issuing 1099s for cash out via checks now?

[tbc]

Originally Posted by bradical

Does this mean that COMC will start issuing 1099s for cash out via checks now?

Do not want.

[anusinha]

Are you going to open it up to other things like sets or sealed wax?

[OLDPAPER]

As others have noted....this is fine for the cards that will garner 70 bucks and up, Personally, I really don't care for how COMC listings appear on Ebay in regards to description in the title so I doubt I will risk sending anything of any value to auction. I will sit back and watch for awhile.

For a higher dollar card, I would most likely prefer to have control over how it is listed.

Hopefully they use some common sense when listing our cards in an auction, but if it is anything like how the normal consigned cards are listed....no thanks.

[adamdavidson47]

James, so any card that sells for under $100 will have the $3.50 fee? Even cards that sell for under $3.50?

Also, is the 3.5% fee added on top of the regular comc selling fees, or is it the only fee charged?

[scotthenrichs]

Originally Posted by adamdavidson47

James, so any card that sells for under $100 will have the $3.50 fee? Even cards that sell for under $3.50?

I believe he said this is meant for cards that sell for at least $25. I would hope a card that consistently sells for over $25 would never sell for $3.50 unless maybe it's some hot card of a guy that got injured that week?

[dustin42]

Originally Posted by COMC James

Respectfully, you could not be more wrong. We were very clearly in our language and recommendations that consignors should not send sub $25 cards through the auction service. We have explicitly called out that low-end cards are not ideal for this service, and If we never had a card close at auction for under $70, no one at COMC would be upset.

Some sellers may be perfectly ok with the trade off of a guaranteed sale now for a slightly higher commission fee. If that makes sense to them, we want them to explore that option. On the flip side, maybe some high-end cards are better left set at prices on COMC and not put through auction.

Personally, I would send a Luka Doncic auto through auction in a heartbeat, and I'm strongly considering doing my Zion Black Prizm 1/1 auto if I still own it next month but not my 1999 WWF Owen Hart autograph. Even though it's incredibly rare, the market is equally niche/rare, and maybe 7-days isn't enough time for it to be on the market.

blah blah blah. What I said is accurate. Sure you want high-end cards but the fee structure is designed to make you money on the dollar range most cards sell for. Don't crap me. I know how Grant, Tim, and Julia think.

[salthill]

Originally Posted by dustin42

They will be hoping people list lots of cards that sell for less than $70.

Why? They don’t care about the percentage, they care about the absolute value of the fee.

[dustin42]

Originally Posted by salthill

Why? They don’t care about the percentage, they care about the absolute value of the fee.

There is a maximum of $35 which is a card that would sell for $700.

[salthill]

Originally Posted by dustin42

There is a maximum of $35 which is a card that would sell for $700.

Right. So to maximise revenue they would want every card to sell for over $700.

[adamdavidson47]

Originally Posted by scotthenrichs

I believe he said this is meant for cards that sell for at least $25. I would hope a card that consistently sells for over $25 would never sell for $3.50 unless maybe it's some hot card of a guy that got injured that week?

It can happen, especially if something gets listed wrong, which is bound to with the amount of stuff they will be consigning.

[dustin42]

Originally Posted by salthill

Right. So to maximise revenue they would want every card to sell for over $700.

Not on auctions. If a card sold for $1000 BIN they get $50 in transaction fees. For an auction they would only get $35.

With a minimum of $3.50 they would always be getting a higher absolute value of the fee for cards sold at under $70. For example a card sells for $50 BIN they get $2.50 (50*5%). With an auction they get $3.50.

[sjscout]

I suspect there will be many COMC/Shill bidding threads to read in our future....

[htn315]

Originally Posted by dustin42

Not on auctions. If a card sold for $1000 BIN they get $50 in transaction fees. For an auction they would only get $35.

With a minimum of $3.50 they would always be getting a higher absolute value of the fee for cards sold at under $70. For example a card sells for $50 BIN they get $2.50 (50*5%). With an auction they get $3.50.

You're forgetting they add a markup for all fixed price listings, so they're actually pocketing a lot more then $2.50 per $50 BIN sale.

[COMC James]

Originally Posted by sthoemke

Go ahead and auction that Owen Hart autograph. I'll start the bidding.

You might be the only one! If you're interested, shoot me a PM and we can work something out. As someone who has watched 12 hours of pro wrestling this week (with 9 more hours on tap this weekend), your port is one of my favorites on COMC.

Originally Posted by ForceChange77

COMC - Why are you starting auctions on December 29???? Horrible timing. People barely use ebay over the holiday. Please reconsider this. Early bird pricing for this time is a complete waste.

On a real level, I vehemently opposed the first time we did our Holiday Bonus Sale. I thought it was going to flop, and that people would rather spend time with their families around the holidays, and not looking at cards.

Turns out I was very wrong, and even the years we don't do that sale, there is an increase in traffic and sales throughout that final week of the year. The auctions start on Dec 29th and end on January 5th. Those who are partaking in festive activities, and definitely those New Years hangovers should have worn off by the time the first wave of auctions end on the fifth.

Originally Posted by adamdavidson47

James, so any card that sells for under $100 will have the $3.50 fee? Even cards that sell for under $3.50?

Also, is the 3.5% fee added on top of the regular comc selling fees, or is it the only fee charged?

$3.50 is the absolute minimum floor. So yes, it is possible to lose money if you're submitting commons only get a minimum bid and that's it. A card that sells for $25, $50, $75, or $100 will have a $3.50 transaction fee. A card that sells for $150 will have a $5.25 transaction fee (3.5%).

To fully break down the math in an example:

Your card sells at auction for a $500 final bid and the buyer pays for the item. You receive $482.50 (96.5% of the sale) to your COMC Store Credit balance. Spend it on site, no further fees. Cash it out for store credit, the standard 10% cash-out fee applies, and you walk away with a $434.25 cash out.

[dustin42]

Originally Posted by htn315

You're forgetting they add a markup for all fixed price listings, so they're actually pocketing a lot more then $2.50 per $50 BIN sale.

I was going on comc site sales not on eBay BIN. The mark-up on BIN ebay includes shipping but James said that is going away and yes the markup on those is high.

[adamdavidson47]

Originally Posted by COMC James

You might be the only one! If you're interested, shoot me a PM and we can work something out. As someone who has watched 12 hours of pro wrestling this week (with 9 more hours on tap this weekend), your port is one of my favorites on COMC.



On a real level, I vehemently opposed the first time we did our Holiday Bonus Sale. I thought it was going to flop, and that people would rather spend time with their families around the holidays, and not looking at cards.

Turns out I was very wrong, and even the years we don't do that sale, there is an increase in traffic and sales throughout that final week of the year. The auctions start on Dec 29th and end on January 5th. Those who are partaking in festive activities, and definitely those New Years hangovers should have worn off by the time the first wave of auctions end on the fifth.



$3.50 is the absolute minimum floor. So yes, it is possible to lose money if you're submitting commons only get a minimum bid and that's it. A card that sells for $25, $50, $75, or $100 will have a $3.50 transaction fee. A card that sells for $150 will have a $5.25 transaction fee (3.5%).

To fully break down the math in an example:

Your card sells at auction for a $500 final bid and the buyer pays for the item. You receive $482.50 (96.5% of the sale) to your COMC Store Credit balance. Spend it on site, no further fees. Cash it out for store credit, the standard 10% cash-out fee applies, and you walk away with a $434.25 cash out.

What will be the policy if an item is listed incorrectly, and sells for much lower than it should have?

[COMC James]

Originally Posted by adamdavidson47

What will be the policy if an item is listed incorrectly, and sells for much lower than it should have?

We don't anticipate this being an issue. We will have a team reviewing all details, including creating buyer appealing titles and descriptions, prior to them going live.

If it does happen, they will be dealt with on a case-by-case basis in the seller's favor based on current market value.

[tmgrnzx9r]

James,
Maybe I missed this but per auction there will be the minimum 3.50 fee (going up of course based on final bid)? No other ebay fees or anything? So this first wave of auctions, there are no fees??

[dustin42]

James
You or any other comc employees should not be allowed to sell on the site. Huge potential for fraud and abuse of the system. Will Doug Lowe be listing items? Will Jonathan Miller or any of his associates be allowed to sell items?

[COMC James]

Originally Posted by tmgrnzx9r

James,
Maybe I missed this but per auction there will be the minimum 3.50 fee (going up of course based on final bid)? No other ebay fees or anything? So this first wave of auctions, there are no fees??

No transaction fee or hidden fees.

If your card that you auction sells for $10,000.00, you will receive $9,965.00 Store Credit. If you spend it on site, you have $9965. If you cash out to paypal, your cash out will be less 10%, or $8968.50.

[Miskatonicman]

Originally Posted by COMC James

If you cash out to paypal, your cash out will be less 10%, or $8968.50.

Yes, but if you cash out to Paypal, will you ever see the money?

[dustin42]

Originally Posted by Miskatonicman

Yes, but if you cash out to Paypal, will you ever see the money?

Takes a week at least. Why is this not automated like eBay or Amazon? They have to check their bank account?