Drac!
You sound like you don't think anyone should make
money on anything. :-) That would make it a little
hard to have an economy wouldn't it?
As someone who has been in the collectable
business for 26 years, I have to say that this is
one market where people can make, OR lose, a ton
of money.
I have been on the other side of that Beanie Baby
coin, let me tell you. I was the dealer who sold
the Beanies for six bucks, getting up at the crack
of dawn to get ready for the lines of people
waiting to get the new beanies, only to watch my
own customers make a hundred and fifty dollars
for something they just paid six for, in our own
parking lot. Sure, some of it makes you mad, and
some people are totally contemptible in EVERY
collector market.
But, that doesn't mean nobody should make money.
It is the way the world works. We have to make
money to survive, if someone is very clever, they
can do it with collectibles. On the other hand,
for every person who buys low, sells high, and
gets out fast, there are a hundred with a room
full of Barbies or Cabbage Patch kids that they
can't unload for anything. Right now, we are
selling our old Beanies for $2 each, and finally
getting rid of a few of them. We didn't over buy,
the market just died. As it always does. We told
them so, but it doesn't matter....people go nuts
for what they want to collect, even if it is to
hopefully resell.
Pins, Cards, Dolls, Star Wars toys, it is all the
same, that's true. But if there is a need for a
middle man, because people can't get these items
on their own (the Deputy Services are a good
example in the cel world) then there are clever
people out there willing to help. Call it
exploitation, or profit mongers, but they are
there to fill a need or they wouldn't be there.
Yes, we made less than nothing on the Beanie Baby
craze, we had to hire an extra person just to be
able to run our business, and people loved us for
it. Why wouldn't they? They were making a ton of
money off our contract to sell the items at their
retail price! If I could have, I would have made a
lot more money on Beanies, believe me.
But I have been in this business too long to
resent everyone who turns a profit. I would be a
hypocrite because we wouldn't have a business if
nobody loved collecting. In all these years, we
have never been slandered in a much more
cut-throat world than the cel world, because we
are honest. We have kept a flawless reputation
against all odds. That probably means we are
stupid, because we could have made a lot more
money than we have.
Personally, honesty is most important. If you are
honestly selling a cel for profit, so be it! It
isn't morally wrong to make money...really, it
isn't. :-) You just have to be up front about what
you are doing, and I don't think anyone can fault
you for that. A cel dealer has a right to make
money, we have established that. Well, so do the
people who want to sell their own cels. If you
bought a cel for $10 two years ago, and that cel
was worth $500 now...would you sell it for $10?
Now, I don't mean to your best friend...but would
you put it up for sale on a website for your
original price? Even if knew the buyer would
easily turn around and make a nice profit on it?
If so, then I will say that you have the courage
of your convictions and will shut up... :-)
Kathleen |