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- Oct 28, 2006
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^^^ Steven, great example to prove my point.
Sold quickly (11min) however probably not at as good a return as the seller could have gotten by other means.
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I spoke with the seller about these knives and his original purchase price was almost exactly the sales price. The knives were sold at the Chicago knife expo auction in 2008. Not much in terms of ROI but from what I can tell it was a mutually beneficial transaction.
^^^ Steven, great example to prove my point.
Sold quickly (11min) however probably not at as good a return as the seller could have gotten by other means.
I think that is the right price. What the Forums did is match up a seller and an interested and funded buyer. The seller could have screwed around for months trying to get more money from another buyer...maybe they already did that..so I don't think I proved your point.
Yes, and perhaps he could have contacted a particular dealer and instantly received $500 more as they are in strong demand. However he is happy as is the buyer so all is well.
I don't think you are right or wrong.....you do what works for you. I personally will not sell knives to overseas buyers that I don't know, and will not sell to China at all...ever....we all need to go with what works for our own methods and policies.
If you go back and read my first post on the matter, you will see that I stated what worked for me as opposed what works for Coop. I assume the opening poster is seeking a variety of views to help in making his decision.
For my methods, I have done very well with selling on BladeForums Exchange. Had a little mini-show Thursday night at Blade and didn't sell anything. Have put up stuff in the Exchange since blade and have sold 5 knives....all at a profit, around 25% ROI.
In my opinion most often the particular knife dictates the best method of sale to insure maximum return. All I'm saying is that eBay and the BF exchange are on the bottom of my list for selling the types of knives I sell. Perhaps you left $$$ on the table at 25% ROI..
Best Regards,
STeven Garsson
So for those of you who say there are better places to sell knives than here and on ebay. What would those be?
So for those of you who say there are better places to sell knives than here and on ebay. What would those be?
Hi Kevin,
Let's bang heads again.Offering the knives to a legitimate auctioneer or dealer will save a LOT of trouble, but it won't necessarily get the seller the most value. He's not doing the work.
Right Coop, an auctioneer won't necessarily get the seller the most value, however in this case we are talking a non-collector here who has what appears to be a significant collection to dispose of. He has said he hasn't even heard of many of the makers represented in the collection. I might be going out on a limb here, but I think an expert like Bruce Voyles could get more at auction for jtech then he will get on his own.
Other sites? Even the CKCA is a forum and those classifieds there are no different than here. In fact listing it on one or more forums will gain most traction among experienced onlookers. One site does not cover all the bases.
I certainly hope I didn't appear to be stating that the CKCA forum classifieds will produce better results than here on the BF because I certainly didn't say that. In fact, in my opinion forums in general are best suited for buyers not sellers. Why? Because many sellers will list knives at market value then proceed to drop the price over and over again (sometimes hourly) without giving the knife a chance to sell. This results in buyers just sitting back anticipating further reductions. Other times sellers will list low and that's when we see the knives snatched up in 11 minutes. Lack of discipline and/or knowledge of the market in sellers equals deals for buyers.
Selling as he goes? We're back at square one. Where?
Coop, not back at square one because by following my steps jtech is educating himself in becoming familiar with the knives, the makers, the market, properly marketing his knives via good photos/photosite and making contacts as he goes.
So the answer to his question is basically: Besides eBay and the knife forums the remaining options are very limited. (To offer to another dealer or auctioneer, or even to purchase and set up a table at a show (a doubtful proposition)).
Coop, not limited at all. I suggested an auctioneer and category expert (I didn't say dealer, though some dealers would be a good option) because jtech has a limited knowledge of custom knives. Even knowledgeable custom knife collectors have difficulty profiting selling knives. I speak quite a bit on selling custom knives in my collecting/investing seminars.
Again, not limited at all in my opinion.
I didn't suggest jtech set up a table at a show, but to attend a couple shows to become more educated on custom knives. Setting up a table at a show trying to sell knives he knows little about would be the worst thing he could do in my opinion.
Gaining all the knowledge and getting acquainted with Custom knives is fine and all, but if a sale is what the buyer wants, he's got the answers he needs already.
Once again it also gets back to the the differences of Value vs. What It Will Sell For. One is highest perceived, the other is an exercise in smart marketing. All strategies should promote the latter.
That said, gaining knowledge WILL offer the seller keywords and history to enhance the listing, wherever it goes.
One's contacts play a very important role in selling and maximizing your ROI on custom knives. As the collector who most appreciates and diligently collects the type knife you are selling will most likely pay more then the deal seekers found on forums and eBay.
This is a good topic.
Coop
And if you really don't want to go to all the trouble acquiring the knowledge - but just want to get the knives sold easily - you can always go to an online knife purveyor to make your life simpler, but expect a 25% haircut off the top.
Best,
Bob Betzner
Here is a great way to sell thousands of dollars worth of handmade knives on BFC without ever buying a Gold or Platinum membership.
-Promote yourself as an expert in high-end, custom knives
-Make thousands of posts in the BF Custom forum with a convenient link to a "for sale" page of your groovy collection with really great photographs
-Start your own collectors club
Am I missing anything?
Hi Coop,
Snarky?
I agreed with both Anthony and Kevin! Just practicing that "Coop Kumbaya"
The fact that it is not marked MS is more intriguing to me.