sanmar
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posted on June 16, 2003 03:08:22 PM new
I have been doing Trading Assistant for several months now. Always with an oral agreement . I give the seller a copy of the listing confirmation after the listing has been made. Well I finally got stiffed. I had put this item on 2X & explained to him that IF it sold, there would not be a second charge & I would take the charges out of my commission. If it didn't sell then there would be double charges. Everything was great unntil today when I went to collect (It didn't sell) His remark to me was "I'll pay you someday" So I am out $109.90. I would take him to court except its his word against mine & my lawyer friend say forget it. A lesson learned the hard way, from now on it is in writing signed & dated.. I have done about a dozen with no problems until now.
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horsey88
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posted on June 16, 2003 03:13:56 PM new
Trading Assistant Kindergarten Lesson #1.
When listing items for other folks make sure the item is in your control.
That prevents them from selling it and or stiffing you.
[ edited by horsey88 on Jun 16, 2003 03:14 PM ]
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aintrichyet
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posted on June 16, 2003 03:19:57 PM new
hi sanmar ... our daughter just started getting some listing thru local papers ad [as inot suggested some wording] .... she found a real good, yet simple paper to be signed for doing consignments ... we will see how they go ... she just got her first group of items to list [i'm thinking $100+ barely total will be ending value, and seller was hoping ending value of 200 or so - stay tuned] ..... .... .... i found that selling for others with 'no paperwork' is a lot easier with people who "know" you ... would never do that with strangers, though, methinks .... ~ aint'rich-yet-in ohio
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fluffythewondercat
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posted on June 16, 2003 05:38:42 PM new
Am I reading this right?
You used your money to pay listing fees (twice, I think you said) on an item with an informal agreement that the owner would reimburse you?
If so, it seems like other consignment sellers are having a tough time too. Take a gander at AuctionDrop's new and revised fee schedule. They want cash up front to handle anything other than a $1 start no-reserve auction. Looks like they've been getting burned on listing fees too...
http://www.auctiondrop.com/pricing.html
I give these folks another six months before they fold.
--
California voters: Be a part of the first-ever successful gubernatorial recall! Defy media pundits! $21 million of our money is going down the tubes daily because of our incompetent corrupt governor. Visit http://www.recallgraydavis.com to download your recall petition.
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reamond
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posted on June 16, 2003 06:55:22 PM new
Isn't the only way they can get "burned" is if the item(s) don't sell ? If the item sells they can deduct their cut from the payment. They also don't take any items that are valued at less than $50.
I would interpret the pre-payment situation arising because they have a lot of stuff that just isn't selling.
But beyond that, I don't know why anyone would bother using their service. I think everyone knows someone who sells on eBay and would either use them to sell an item or teach them how to do it.
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fluffythewondercat
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posted on June 16, 2003 07:26:04 PM new
I think the $50 requirement is flexible since they've been listing some real junk lately...starting at $1.
What amused me in looking at their jewelry auctions is that they're (in one case, at least) trying to sell jewelry at the retail appraisal price. How dumb is that? That's like flushing the listing fee down the loo. Nobody pays retail appraisal. You give that to your insurer. Other than that, the number is meaningless. Heck, I own a 9.9 carat diamond necklace appraised at $24,500 and if I could sell it for that I would, in a heartbeat. Meanwhile it languishes in my safe deposit box.
sanmar, AuctionDrop is backed by some very-well-funded people and if they can't make a go of it, perhaps you shouldn't be so hard on yourself.
--
California voters: Be a part of the first-ever successful gubernatorial recall! Defy media pundits! $21 million of our money is going down the tubes daily because of our incompetent corrupt governor. Visit http://www.recallgraydavis.com to download your recall petition.
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stopwhining
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posted on June 16, 2003 07:44:16 PM new
if they are smart,they should get the ebay sellers to buy off the table before they get listed.
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toasted36
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posted on June 16, 2003 08:26:54 PM new
Sorry to hear about your lost sanmar...just remember what goes around comes around...it will be a bigger lost for them later.
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stopwhining
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posted on June 16, 2003 08:32:49 PM new
sanmar,
do you think signing a sheet of paper is going to make these jerks pay??
what if they dont pay,then what do you do??go to small claims court.
ask for the listing fee upfront,unless she is your mom.
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aintrichyet
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posted on June 17, 2003 06:26:02 AM new
Yah, sanmar... the ol' 'gentleman's agreement' doesn't hold much water, does it ... sure that's how we do things with friends and family, --- sorry that happened ... must have been a pricey item to rack that high a fee up, eh?
and gosh, we'll all have to watch how AuctionDrop manages their new debt ... reported this morning over at AuctionBytes is news that AuctionDrop secured 2.5Million$ for a big expansion project! to open 5 more storefronts.
things that make ya go 'hmm!'
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capotasto
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posted on June 17, 2003 07:31:28 PM new
"Always with an oral agreement . "
As opposed to an anal agreement?
Do you mean a verbal agreement?
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miscreant
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posted on June 18, 2003 01:30:25 AM new
"Always with an oral agreement . "
"As opposed to an anal agreement?
Do you mean a verbal agreement?"
In your case it may be anal.
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sanmar
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posted on June 18, 2003 05:27:47 PM new
capopasto: FYI; A verbal agreement can be either written or oral. This was an ORAL agreement. Check it out.
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