General Automobile Chat Thread, Selling Die Cast Models Advice in Automobiles; Hi all hope someone can give me advice. My Father in law has a collection of limited edition Corgi Die ...
Selling Die Cast Models Advice
Hi all hope someone can give me advice. My Father in law has a collection of limited edition Corgi Die cast Automobiles 9 Eddie Stobart Lorries, 15 coaches, and 18 buses.
All are boxed and have their certificates.
Does any one know where he can sell them? He lives in Essex.
They are taking up a lot of room and he would like them to go to a collector who would appreciate them.
Many thanks in advance for any help.
HI Nogbad and welcome to the Forums,
Firstly I would do a search on ebay for similar items to see how many are listed on there and get an idea of the sort of prices they are fetching. Some Collectors do regularly scour ebay for such items so you may end up with some serious bidders for your items, should you decide to sell them on there.
My Brother in law made a tidy profit from some trains he had, all immaculate and boxed and yes it was serious collectors who bought most of them.
Apart from that a specialist model shop/collector may buy them off you but don't let them rip you off.
The good thing about Ebay is that you can always place a reserve price on the auction to make sure you wont be giving the items away! Make sure you budget for the Final Auction Fee's and the Listing Fee's as depending on your final price these can add up a bit.
My uncle sells and buys a lot of collectables on Ebay - coins etc and sells his stuff for top prices too! There are a lot of collectors out there with Eagle eyes and fat wallets!
First of all do some research and ascertain the true value of the models. There are tools on Ebay to enable you to do this easily and remember that Ebay is a world market, so will give you a good idea of the average selling price for each model.
However Corgi models are never going to command high values, many of the so called special and limited editions were produce in such numbers that they will never be valuable.
There is always a following for any Stobart models but again these are widely available and the market prices are well known to collectors.
So armed with the correct market price of each model you can now list on Ebay. For maximum exposure list on a Thursday evening and for a 10 day auction so that the auction finishes on a Sunday evening. This is most important as statistics show that prices tend to be between 10% to 30% higher than any other time of the week.
It is up to you at what starting price you use, the old addage is to start at 99p, this encourages more bidders as they think that the item will go through cheaply, but in practise it often exceeds its market value. Remember that the higher the starting price the more it costs you in fees to list the item. Beware of putting a reserve price item, First the minimum is £50 so people usually know that is what you have put as reserve and secondly Ebay will charge you on the reserve price to list, not the starting figure. All these fees really do add up.
Also be aware if someone conatcts you during the auction and offers to buy outside Ebay. They are hoping that you are not aware ot the true value of the model and are looking for a bargain or they are trying to rip you off. I would strongly advise never to sell outside the auction.
I speak from many years experience and 1000's of transactions trading on Ebay.
Thanks to all for your comments and suggestions. Esecially Poppy74 for your very useful advice re e-bay. Will start and do research and get posting on e-bay.
Thanks again to you all
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