Tuesday, July 6, 2010

Tips For Selling Expensive Collectibles On eBay

By Sagar Jawale

Not too long ago, a buddy asked me to help her promote her collections on Lladro glass figurines on e bay. These are costly glass collectibles and I knew nothing about them. The principles for promoting costly collectibles on e bay are the same, regardless of what is being sold.

Price- decide the lowest amount you will accept for each figurine and set that price as a reserve. Then make your opening bid absurdly low.
Looking at completed e bay auctions allows us to track prices, again and again we learn that starting the price where the seller hopes it will end is not a wise tactic.

Devote space in your auction listing explaining how you will pack your item to ensure safe transit. This is critically important because in the back of every buyer's mind is the dread of receiving a package that rattles. A collectibles buyer will inevitably be thinking of the hassle one will have to go through and the possible loss of purchase price if her item is broken. O needs to know that the seller has carefully considered this issue and has a solution.

For the protection of both of you, insist that the buyer pay for appropriate insurance. Don't allow this to be an option. You definitely do not want the liability of a broken collectible that costs hundreds of dollars. In fact, if a customer objects to paying for insurance, this might possibly be a red flag. A genuine collector is very eager to add to her collection and wants her figurine to be protected.

We know that every Web purchaser has heard tales of frauds on e bay and elsewhere on the Net. Therefore, something you are able to do to prove the authenticity of your collectible is worth your time. Is there a marking on the bottom? Do you have got the original box or other container? Does it have a label? Is there a certificates of authenticity or an appraisal by a respected organization? If the answer to any of those is "yes", then be certain to emphasize your authenticity in your auction. Taking photos of your proof is particularly effective.

Your bank can advise you on the time it will take to verify foreign funds. Be certain to let any prospective buyer know in your auction that there will be a delay if they are outside of your country. Do not let your merchandise out of your hands until you are sure! If you follow these 'rules', the chances of selling your expensive collectibles at the highest possible prices will be greatly increased.

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