AuctionBytes-Update Number 31 - February 4, 2001 - ISSN 1528-6703

AuctionBytes-Update is a free newsletter for online auction buyers and sellers. Read reviews of online-auction products and services, tips on being more efficient, and information about antiques and collectibles. AuctionBytes-Update is published by email twice a month. (Print it out for easier reading.)

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IN THIS ISSUE:
1) From the Editor
2) Auction-Site Pricing: Change Is in the Air
3) Slashing Shipping Charges
4) COLLECTOR'S CORNER: Comic Conventions, Pulp Magazines (part 2)
5) Price Radar's Found in the Attic: Valentine's Day Collectibles
6) This & That: Photos of eBay, Auction Info, Reliable Merchants
7) Newsflash
8) Letters from Reader: Handmade Items, Auction Management Software
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1) FROM THE EDITOR

A few things have changed over the past year in the world of online auctions, and we wanted to see if some of the "truisms" that we stated in early 2000 still hold water. For example, in one of our early voting booths we asked, "What is the best day to end an auction?" I won't give away which day won, because we've decided to ask that question again! If you go to < http://www.auctionbytes.com>, at the top right corner you'll find our voting booth. Let us know what your opinion is, and we'll announce the results in our next issue and compare them with the results from our first survey. Make sure you punch all the way through the ballot, because pregnant and dimpled Chads will not be counted!

Prices are going up all over. We discussed the shipping increases at the USPS, FedEx and UPS in the last issue. Over the last few weeks, auction site pricing has seen some changes; eBay raised its fees, Yahoo introduced listing fees, and Dutchbid introduced closing fees (final value fees). We've got stories in this issue to help you cope: I created a comparison chart of auction-site fees, and David discusses ways to slash shipping costs.

We've also got part two of John Kirsner's Collector's Corner story on pulp magazines, and Win Bent shares the joys of comic-book conventions. And we include some of the more interesting headlines from Newsflash, our daily email newsletter - subscribe by sending a blank email to: auctionflash-subscribe@topica.com

Ina Steiner, Editor
email: ina@auctionbytes.com

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2) Auction-Site Pricing: Change Is in the Air
by Ina Steiner

There have been many recent changes to auction site fees. Yahoo Auctions began charging listing fees. EBay increased its fees. And Dutchbid (which took over Gold's Auctions) recently began charging closing fees, though there is still no charge to list an item for sale.

I put together a chart of some popular auction sites to compare these fees. You can view the chart on our Web site at <http://www.auctionbytes.com/sitepricing.html>. Note that the table focuses on listing fees and closing fees. Most sites also charge additional fees for featured auctions, Dutch auctions, Reserve-Price auctions, etc. There is a link to the fee page of each site for more details.

As you can see from the chart, some free venues remain, including ePier, BidBay, Bidville and SnapRat (not listed in chart).

Surpluzz.com offers a unique pricing schedule targeted at volume sellers. It charges $19.99 for up to 2,500 auctions per month. If you do the math, that would equal less than a penny per auction if you posted 2,500 auctions in a month. Not a bad price if you're a high-volume seller.

Of the big three auction sites (eBay, Yahoo & Amazon), Amazon has the lowest listing fees, but Yahoo still has no closing fees. So while Amazon is cheaper if your item does NOT sell, Yahoo is cheaper if your item DOES sell! For example, if you list an item on Amazon for $5, it costs 10 cents for the listing fee. If it sells for $20, the closing fee is $1 (5% of $20). So the total fee would be $1.10. If you list the same item on Yahoo for $5, it costs 20 cents. Since there are no closing fees, the total fee is still 20 cents. And on eBay, it costs 30 cents to list an item with a $5 starting price, and with a $1 closing fee for a $20 final value, it would cost a total of $1.30.

Pricing is only one part of the picture, albeit a major part. You'll have to consider your own preferences, auction-site policies, and the most important factor: the number of potential bidders that an auction site can deliver.

Of course, there are many other auction sites that are not listed in this chart. Specialty sites like JustBeads offer targeted communities in niche markets.
You can go to the AuctionBytes Yellow Pages to view additional auction sites < http://www.auctionbytes.com/bin/bizdirectory/biz-directory.pl?category= auctionsites>.

So keep your eyes peeled and your options open. And we'll keep you posted!

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3) Slashing Shipping Charges
By David Steiner

Several weeks ago, I wrote an article with some suggestions for combining Priority Mail boxes to fit large and irregularly shaped items <http://www.auctionbytes.com/Email_Newsletter/27/28/28.html#priority > . With the recent price increase in Priority Mail shipping, perhaps it would have been more relevant to focus my article in the opposite direction: reducing the size of Priority boxes and eliminating excess weight in packages.

I consider myself to be a conscientious seller. I take as much care packing a $5 item as I do in packing a $500 item. But shipping an item safely doesn't mean adding unnecessary weight to the package. There are cases where a few ounces can mean a difference of several dollars in shipping, depending on where your item is going. Here's an example:

** A 4lb 15 oz package going from Boston to Beverly Hills (my favorite area code - 90210) will cost $7.55 to ship Priority Mail.
** A 5 lb 1oz package making the same trip will cost $10.35

I save nearly $3 by reducing the package by only two ounces! For lighter items, it may be worthwhile to trim an ounce or two off the weight of a package to take advantage of the new 1-lb Priority Rate for $3.50.

I realize that 2 ounces doesn't leave much room for error. Trying to get our scales at home to jive with the scales at the P.O. can only be done when the planets are in perfect alignment. But keeping the weight of a package safely under a more expensive rate CAN be achieved quickly without jeopardizing the safety of the item. And it can earn you glowing feedback and everlasting respect from the online auction community at large!

So with that in mind, here are a couple of tips to reduce the weight of your packages that involve just a few swipes of a razor knife and a quick trip to a local store. (Don't combine the two...swiping a razor knife IN a retail store never makes a good impression.)

Let's take packing material first. Peanuts good. Paper bad. This may be an environmentally unfriendly statement, but it's the truth. As a packing material, there's no comparison to foam peanuts. Here's a picture of 2-1/4 lbs of peanuts next to the same weight in newspaper. < http://www.auctionbytes.com/images/packing1.JPG>. A picture says a thousand words.

Peanuts, when used properly, enable you to immobilize an item in the center of a box, without double boxing - yet another weight guzzler. Peanuts won't compress like crumpled paper, keeping your item safely away from the sides of the box. And peanuts don't leave newspaper ink on items.

For those of you who say, "Yeah I wish I could afford to buy packing peanuts," I can't empathize. In two years of doing online auctions, I have yet to pay for a bag of peanuts. There are retailers, auto parts stores and department stores that pay to have their packing material removed, and are happy to give it to you to recycle in your auction business. Just leave your razor knife at home.

Another way to save a few ounces is by re-tooling some of the available Priority Mail boxes. Overall, the Priority mailers are great. They make your products look like they've been professionally shipped and the materials are free. There are some limitations in the available sizes, however. If you are shipping an item that is over 12" long and deeper than 3" you may have trouble finding an appropriate box. You COULD combine two #7 boxes and get a box that is 16"x 12"x12". You'll also be creating a package that weighs 12 ounces EMPTY.

Or you could try "moving" the folds to create a box of a different dimension than intended. For example, a #0-1095 is designed to measure 15-1/2" L x 12-1/4" W x 3" H. By making your own score marks and folding according to these new creases, you can effectively change the width and height of the box. You can also adjust the length. In the following example, we are creating a box that is 15-1/2" L x 10-1/2" W x 5" H.
Here's a step-by-step pictorial of the process: http://www.auctionbytes.com/images/priorpkga.JPG

First, adjust the width/height.
Use your trusty razor knife (finally!) and a straight edge and score (not too deeply) a #0-1095 Priority box lengthwise about 2-1/2" from the factory crease. You'll have to score across all faces of the box so that when you fold it along the new creases, you'll have a box that is 9" wide x 5" deep x 15-1/2" long (21-1/2" L to the very edge including the flaps).

Second, adjust the length.
Figure out how long you'll need to make your box, subtract the necessary length from 21-1/2 and then divide that number by 2. That's how far your want to measure from the edges to score new end flaps for the box. Let's say you want to make your box 16" long. Subtract 16 from 21-1/2 and divide by 2. That means you should measure 2-1/4" from each side, and score across all faces of the box. Cut the flaps apart from each other and fold them over on the new score marks. Depending on the size of the box you're making, you may have to cut small cardboard rectangles to fill the gaps on either end, because the end flaps may not meet now. (This is because the box was designed to be 15-1/2" long after you fold the flaps over.) Make the filler as narrow as possible, because you're trying to SAVE weight! Tape all the seams and you will have a light, yet strong, mailer for your item.

These quick modifications to a #0-1095 Priority Mailer will save your customer 8 ounces in shipping weight over combining two #7 Priority boxes. This procedure can also be used with a Priority Mailer #0-1097 to make similar boxes on a slightly smaller scale.

Online auction users are extremely savvy when it comes to safely packing and shipping their items. These are just some suggestions of how to shave excess weight from your packages. If you have other ideas that you would like to share, post them at <http://www.auctionbytes.com/bin/messagebbs/view.pl >.

Order free Priority Mail supplies at the USPS Web site (it also has photos of each size box): <http://supplies.usps.gov>.

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>>>>>>>>>>>>>>>AUCTION FORECAST:

David's auction forecast calls for a mixed day for Sunday, February 4, 2001:
5-day auction: Fair
7-day auction: Good
10-day auction: Bad

Click here for an extended auction forecast:
<http://www.auctionbytes.com/Email_Newsletter/calendar/calendar.html >
Bookmark it!

Brought to you by AuctionBytes Yellow Pages at
<http://www.online-auction-directory.com>
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4) COLLECTOR'S CORNER: Comic Conventions, Pulp Magazines (Part 2)

COLLECTOR'S CORNER: I'm All For Cons!
By Win Bent

Have you been to a comic-book convention (a "Con") lately? For that matter, have you ever been to a Con? It's an experience that should not be missed by any buyer, seller, or anyone with a more-than-casual interest!

Cons come in all sizes, from the acres of dealers at the Comic-Con International in San Diego and WizardWorld in Chicago, to the medium-sized shows such as the Mid-Ohio Con or the Chicago ComicFest, on down to the regional shows with a dozen or so dealers. No matter what the size, a Con is a great way to see what's new, what's "hot," and what's fading into the obscurity of the 50-cents-each boxes of comics. (Sadly, it's getting harder and harder to find the ever-popular 25-cent boxes!)

"But wait," you're saying, "What does this have to do with online auctions? I buy and sell through eBay, why should I go to a Con?" I know the feeling: sometimes, the hassle of dealing with parking and crowds and haggling with dealers or buyers can make it seem like an exercise in frustration. But let's look at the good part.

Like it or not, comic fans often fit the stereotype of "geeks" - young men who like nothing better than comparing the various Green Lantern incarnations. But that's the fun of a Con: the chance to find people who enjoy these funny-books and who can talk with some intelligence about them and their creators. Listen in on a few conversations - you'll be surprised how much you learn!

As for buying and selling online vs. attending a Con, I can sum things up in one word: Shipping. No postal fees, no waiting for checks or money orders, no standing in line at the post office. Personally, I go to Cons as a buyer, and the amount of money I save on postage more than makes up for the admission fee.

Even the medium-sized Cons often have "extras" - Established professionals signing autographs, up-and-coming creators showing their work, a room set aside for Magic, The Gathering tournaments or for watching anime videos. The big Cons usually have a series of panel discussions and the like, which cover a wide range of topics. Hey, if nothing else, going to a panel discussion will give you a chance to rest your feet!

Even with all these reasons to attend (and I've barely mentioned the great bargains - buy a box of comics, sell them on eBay, make a profit!), there's still one great reason: Cons are a great place to get together with your online friends. I've "met" many friends on eBay's Comics Chat board, and when things work out, we like to meet at a Con and trade stories, show off our latest purchases, tell each other which dealers we like and which ones we avoid, share a meal together... And get to know each other better! It's always fascinating and enlightening to actually see and hear the people you only know as an ID and feedback number.

So, hunt down a local Con - you might be surprised! Or, start saving your money, and take a summer vacation in San Diego or Chicago, and come home a winner!

Lists of Comic Conventions
http://www.laughseeds.com/comibook/comicon.html
http://www.hoboes.com/html/Comics/Conventions.html
http://www.indymagazine.com/resources/conventions.shtml

Comic-Con International, San Diego
http://www.comic-con.org

WizardWorld, Chicago
http://www.wizardworld.com/wizent/conv_2001.cfm

Chicago ComicFest
http://www.motorcityconventions.com/chicago_comic_fest

Mid-Ohio Con, Columbus
http://www.wfcomics.com/midohiocon

eBay Comics Chat Board
http://cgi3.ebay.com/aw-cgi/eBayISAPI.dll?ViewBoard&name=Comics

Comics Editor Wilson (Win) H. Bent Jr. learned to read from Superman comics and has been collecting off and on ever since. Raised in Ohio, he lived in Boston, New Jersey and California before settling in Austin, Texas. Email Win at collector@haus.org. eBay ID: whbjr.

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COLLECTOR'S CORNER: Pulps
A Thrilling, Fantastic, Amazing Story: The Unknown Worlds of Sci-Fi and Fantasy Pulps And Why YOU Should Collect 'Em!! - Part 2
By John Kirsner

(See <http://www.auctionbytes.com/Email_Newsletter/29/30/30.html#pulps> for Part 1, a background on pulps.)

In last issue, I broadly described reasons for considering collecting the pulps. In this issue, I will "guide" you through one of my recent purchases on eBay: a copy of the August 1939 issue of Unknown. The price of this pulp was $50, which is beginning to be a somewhat hefty price in the pulp market! But what a fabulous issue this is! It is 62 years old-as old as Detective #27, the first appearance of Batman! This is the 6th issue of Unknown, thus a very nice, early issue. While Unknown did not have the long run of Weird Tales or Amazing Stories, it is clearly one of the "key" runs of pulps, because of great early painted covers and generally outstanding fantasy and "swords and sorcery" stories. The condition is a solid VG+/5.5/OWL 7 by Overstreet grading standards. This is actually pretty nice condition for a pulp. As it turns out, just like golden age comics, a choosy grader can find fine and even an occasional very fine condition pulp, although the paper quality is usua!
ll!
y tanning to some degree and is at best an off-white to light tan.

Next up, the cover of this issue, and what a great cover it is! A beautiful painted cover of a hotel bellhop opening a door, with a dangerous looking chap in a turban brandishing a knife behind the door. A close look reveals the ghostly form of a woman, as well! The cover announces the lead story: "The Ghoul," by L. Ron Hubbard (Hubbard of course is a classic, well-known author, as well as being known for other pursuits!). Two other prominent authors of the golden age of sci-fi are also featured in this issue: Lester del Ray and Harvey Kuttner. However, the best is yet to come.

This is a blockbuster issue, because it contains the first published appearance of Fafhrd and the Grey Mouser, the best known creations of one of the pillars of the classic and modern era of sci-fi and fantasy, Fritz Leiber. Leiber's two characters first appeared in a story called "Two Sought Adventure," and there it is, beginning on page 99! As most sci-fi/fantasy readers, comic collectors and role-playing gamers know, Leiber's creations eventually appeared in 50+ stories, all of which were collected in seven books (the "Swords" series) that have been reprinted many times. DC Comics published some classic Bronze Age Fafhrd/Grey Mouser stories in the early '70s that are avidly collected today. TSR purchased the gaming rights to Leiber's creations in order to place Lankhmar and Nehwon (Leiber's fantasy city and world where his characters do most of their adventuring) into a D&D setting. And it all started here, in the sixth issue of Unknown, in August 1939.

What is even more incredible is that several interior illustrations provide the first-ever glimpse of the big barbarian, Fafhrd, and that scoundrel, the Mouser! I actually wasn't even aware of the existence of these illustrations until I opened up the magazine!

Now, I don't know what to tell you regarding the "true worth" of this pulp. As I say, I paid $50, so I guess that is what this copy is "worth" right now. A G+/2.7/OWL 6 copy just sold on eBay for $16. But these prices seem downright cheap to me, especially when you compare how far your hard earned dollar goes in the comic world. Heck, from a golden-age comic book perspective, $50 buys me, in VG+ condition...(all according to the 2000 Overstreet guide)...A DC superhero comic like Detective, Action or Wonder Woman from the mid-fifties; a Fawcett Captain Marvel-family comic from the late 40s; or a Barks Donald Duck issue from 1950. Heck, based on the guide, a similar condition issue of Justice League of America #10 or Amazing Spider-Man #26 (4th appearance of the Green Goblin, for heaven's sake) would cost about the same, in similar condition.

My thesis on the pulps is simple. Pulps in "collectible grade" (lets say VG+ to VF-) do exist...are amazingly affordable...are scarce by every indication...have historical significance...and, in the end, are fun to collect and look at! (But read the reprinted stories, not the pulps themselves, in order to preserve their condition!) In future columns, I will focus on some of my other recent purchases in the world of pulps; discuss grading of pulps further; check out some Internet sources for pulps; and of course, talk about the pulp marketplace on eBay.

Stamps & Pulp Fiction Editor John Kirsner has been collecting stamps since he was 5 years old. He still has his Minuteman Stamp album with his name on the inside front cover in crayon. John lives in Columbus, Ohio, is married to Lisa, and works as a healthcare attorney. eBay ID: JKLAW

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5) Price Radar's Found in the Attic: Valentine's Day Collectibles

Valentine's Day is upon us, and what better way to say "I Love You" than to give your significant other a gift purchased from an online auction site? It will be a defining moment in your relationship when your loved one opens up their gift, and you can look into their eyes and say, "Honey, I found it on eBay!"

And they say that romance is dead...

All searches were done with PriceRadar's Price Guide Tool. Go to
http://www.priceradar.com/default.asp?refID=101 and try your own searches!

Valentine's Day Collectibles
Number of Items Sold: 47
Number of Items Unsold: 174
Sellthrough Rate: 21.27%
Highest Priced Item: $38
Lowest Priced Item: $0.50
Average Price: $9.20

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6) This & That: Photos of eBay, Auction Info, Reliable Merchants

Ever Wonder what eBay Looks Like?
An eBay member was invited to a search usability study at eBay's facilities, and he took along his camera. Steve (ID: gratefuldad) said we could all take a look. Go to <http://members.ebay.com/aboutme/gratefuldad> and underneath the photo, click on the link that says "Click here to see some photos of eBay." While you are there, click on the "Snipes!! bid reminder for eBay" link for a very interesting primer on sniping!

Auction and Shopping Information
Author Richard Seltzer put together a very useful Web site including some auction and shopping advice.
Auction-related articles: http://www.samizdat.com/auc.html
Online shopping-related articles: http://www.samizdat.com/sho.html

Reliable Merchants
Seventeen-year-old Steve Ebin, an eBay veteran (yes, he started selling on eBay when he was 14 years old!), has started a company to try to make eBay selling safer. He developed a "patented pending algorithm" that "extrapolates complex data from the feedback rating" and assigns scores to eBay buyers and sellers. Higher scores indicate lower chances of fraud, according to the company. Those with high scores will be able to join Reliable Merchants and display a Reliable Merchants logo in their auction listings. We hope to get more information about this intriguing company into the next issue of AuctionBytes-Update! <http://www.reliablemerchants.com>

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7) Newsflash Highlights - See Web Site for Full Details and Continuous Coverage
Go to <http://www.auctionbytes.com> and click on Newsflash.

UltimateBid.com Auction Site Shuts Down (February 3, 2001)

Andale Wins Crossroads Award and Settles Trademark Lawsuit (February 3, 2001)

$425 for an Empty Box? (February 2, 2001)

London School of Economics to Research Online Auctions (February 2, 2001)

Online Auction Fraud - Another Study (February 2, 2001)

Dutchbid Implements New Closing Fees (February 1, 2001)

Online Auction Sellers Discuss Viability of Co-op (February 1, 2001)

GoTo Auctions Changes Name of Software Program (February 1, 2001)

eBay Announces New & Modified Categories (January 31, 2001)

Amazon.com to Lay Off 1,300 Workers (January 31, 2001)

PayingFast.com Enters Online Payment Field (January 31, 2001)

ExchangePath Ceases Operations (January 31, 2001)

eBay Changes Policy: Spam-Free or eBay-Bound? (January 31, 2001)

Mobilia Auto-Collectibles Site Runs Out of Gas (January 30, 2001)

Yahoo Auctions to Feature Sports-Card Stock Market ThePit.com (January 30, 2001)

SuperBowl Footballs Meet Bioengineering (January 27, 2001)

Amazon Makes Payment Service Mandatory (January 26, 2001)

New Tool Auction-Site in U.K. (January 25, 2001)

PayPal to Meet with Better Business Bureau (January 24, 2001)

New Auction Site Debuts: SnapRat (January 23, 2001)

eBay and Andale Expand Agreement (January 22, 2001)

BE SURE AND VISIT OUR WEB SITE FOR COMPLETE DAILY AUCTION NEWS!
AND NOW YOU CAN SIGN UP TO RECEIVE NEWSFLASH VIA EMAIL!

The "Newsflash" column brings you DAILY online auction news. Go to
http://www.auctionbytes.com/Email_Newsletter/newsflash/newsflash.htm l for the latest online auction news and announcements.

Or subscribe by sending a blank email to:
auctionflash-subscribe@topica.com

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8) Letters from Reader: Handmade Items, Auction Management Software

Hi,
I just received my first AuctionBytes Newsletter, and wanted to tell you how much I enjoyed reading it! I especially enjoyed the spotlight on the sellers that make their own items to sell on eBay. I hear so much about the "retail" sellers, it's nice to hear about the artists too!

Thanks again, and keep up the good work!
Nanette T.
Enchanted Hen Productions <http://www.enchantedhen.com>
(Auction ID: enchantedhen)

REPLY: Thanks, Nanette. We love to hear from readers to see where their interests lie. Your Web site shows another example of hand-made arts or crafts doing well on the Internet! -Ina

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Hi Ina,
Enjoying the newsletter. I saw the statement you made about writing auctions during the weekend and then having them automatically posted on Thursday. I am sure you are familiar with Auctionwatch and their AMPRO program. But, just in case you aren't, that is exactly what the program permits you to do. I have been using AMPRO for all my auctions lately for that very reason.

I use AMPRO for listing and use eBud for tracking and administering the auctions. I have tried several others but these two seem to work best for me. I also have used Mr. Lister and like it except for the fact you have to be at your computer whenever you want the auctions to launch in order to do it manually from eBay's website. Plus, Mr. Lister doesn't have the preview feature that AMPRO has. This allows you to see instantly how your auction is going to look (and change it if you desire) before you upload it to the web.

Louis R.
For Great Glass and Pottery Links
http://theshowcase.freeservers.com

REPLY: Thanks for the advice, Louis.Don't forget you can leave your ideas and opinions about products and services on the AuctionBytes Yellow Pages on our Web site. This forum is open to all - if you want to share a good (or bad) experience with any auction product or service, simply leave a comment on the Yellow Pages.

NOTE TO ALL READERS: You may agree with Louis, or you may have a different favorite auction-management software package. So go to the Yellow Pages and leave your opinion. And comments left in the Yellow Pages are emailed to the vendor so they can see what people are saying about their products.

If you go to the Yellow Pages main menu at http://www.auctionbytes.com/bin/bizdirectory/biz-dir-index.pl (or click on Yellow Pages from our home page), you'll see a list of many kinds of auction products and services.

Click on Auction Management Software, and you'll go right into the directory listings. You'll see descriptions of the products and the vendor URL and email address.

The more that people use the Yellow Pages, the more valuable they will become!

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Please use the AuctionBytes Yellow Pages when you are shopping for supplies and services for online auctions and collectibles!
<http://www.online-auction-directory.com>
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AuctionBytes-Update ISSN 1528-6703
AUCTIONBYTES.COM CONTACT INFORMATION
Editorial: ina@auctionbytes.com
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Letters, Comments, Suggestions: feedback@auctionbytes.com
Want to Write for AuctionBytes-Update? Go to http://www.auctionbytes.com and click on "write for us" to view author guidelines. If you are interested, send email to ina@auctionbytes.com.

Ina Steiner, Editor, Publisher and Co-founder: ina@auctionbytes.com
David Steiner, Webmaster, Technical Editor, President and Co-founder:
dsteiner@auctionbytes.com
Michele Alice, Contributing Editor
AuctionBytes.com
c/o Steiner Associates
PO Box 668
Natick, MA 01760
508-655-5697
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