JO Auctions

[legaleagle92481]

Re: JO Auctions

Heres a q for you guys. We hammer the auction companies for their fees but why don't we hammer Ticketmaster and the like for the fees they charge when you buy game tickets? Ticketmaster now charges you 20% of the ticket price as a fee. If you bring the family and get four tickets for $200 bucks they take an extra $40 out of your pocket for "convienance" and "processing". To me that is a much bigger rip off because you can shop auction companies until you find the right deal if your selling and if your buying you can pick and choose who to patronize with the tickets you have no choice.

[Tyrcha]

Re: JO Auctions

Here's my JO Auction win...Anthony Adams 2010 dark jersey worn at the Panthers. The jerseys shoulders are pretty hammered and the TV numbers on the left shoulder has a nice turf stain.

[DaBears54]

Re: JO Auctions

While I was not satisfied with the fee either, I reduced my maximum bid to compensate. If I was willing to pay $800 outright for a jersey, I made my maximum bid right around $700. If they want to charge an extra 15% buyers fee at the end of their auctions, it's their right as a seller, I will just bid 15% less in my maximum bid.

[mad87man]

Re: JO Auctions

I honestly don't mind the small fee. I mean they are selling jerseys for a third of what they are on the site. What is 15%? I can see how some people would be upset though

[dplettn]

Re: JO Auctions

Closing price review (regardless whether they were “passed”) does not suggest the auction lived up to JO’s hopes, by-and-large. I’m assuming JO was hoping their sticker prices would serve as an anchor for free market pricing. I am not assuming that JO is content to sell their stale inventory for what a free market (no monopolistic powers) would bear.



I avoided posting anything recently on any threads about JO with courteous consideration of the sensitive timing around the auction, but it doesn’t seem like anything is being done about their unsavory business practices. The most clear light isn’t necessarily shined on JO here. For example, I contributed a photo rebuttal to a JO “photomatch” on a Chad Ochocinco helmet to the moderator. The moderator hasn’t (yet) posted it.


My personal opinion is that regardless whether open discussion about JO’s claims are discouraged, unsavory business practices always catch up with a business over time. In my opinion, the marketplace will continue to grade JO over time. No amount of censorship will change JO from defining itself by its actions because collectors tend to educate themselves over time.

[gingi79]

Re: JO Auctions

I have nothing personally against JO but aren't we letting them off the hook a little here with the 15%?

First of all, the Buyers and Seller Premiums to me are the worst ponzi scheme in history. I realize they are now common practice but it is simply yet another way to push the cost of business on everyone else using a cryptic and manufactured fee schedule. It's been going on much longer than the bad economy so they can stuff that lie as well. Every auction house double dips and lowers the sellers payout while raising the sellers cost and all to rob Paul to pay Peter.

These items were already in their inventory and certified by them long before the auction so I'm sorry a Buyers premium no matter how much lower it is from hobby standard looks horribly greedy to me and using the fact some items are consignments is a cop out IMO.

I realize that times are tough and I applaud JO for trying something new to not only generate interest but offer jerseys (in theory) at a much lower cost to collectors. I am not a customer of JO but as I said, I have nothing negative to say about them other than the fact I disagree with the explaination and how easily we just let it go. MEARS and Classic, hell ever GUU would have been questioned more.

[Tyrcha]

Re: JO Auctions

I should be making a splash shortly.

[ivo610]

Re: JO Auctions

So what did everyone win?

I personally only bid on 1 item and didnt win.

[DaBears54]

Re: JO Auctions

[quote=nickacs;248606]I see that you can't see the results anymore on the auction site. Anyone know what the AP jersey went for? I wasn't bidding, but just curious quote]

$4,632.20 after Buyer's Premium.

[nickacs]

Re: JO Auctions

I see that you can't see the results anymore on the auction site. Anyone know what the AP jersey went for? I wasn't bidding, but just curious
I got my eye already paying for another jersey from JO Can't wait!!!

JO, thanks for a great auction and can't wait for the next!

[buckeyegamers]

Re: JO Auctions

"Pass" is another term for the reserve not being met.

Tay, that's what I assumed but I didn't remember seeing "reserved" on any of the auction listings? Did I just miss that?

[Tay1038]

Re: JO Auctions

I was very interested in taking a look at the final results of the first JO auction.....can anyone tell me what "pass" means?!?!?!? Seems some items had numerous bids but the "Final Price" is listed as "pass"

"Pass" is another term for the reserve not being met.

[buckeyegamers]

Re: JO Auctions

I was very interested in taking a look at the final results of the first JO auction.....can anyone tell me what "pass" means?!?!?!? Seems some items had numerous bids but the "Final Price" is listed as "pass"

[sammy]

Re: JO Auctions

More choices of where to spend my money, and the BP is lower then the standard 20 percent that most of the auction houses charge.

[DaBears54]

Re: JO Auctions

I want to thank everyone for the tremendous amount of registrations. We had to implement a buyers and sellers premium due to we do accept consingments and have had a good amount of interest in this. Also we will be incorporating some very exciting special offers from our teams in 2011 that require a buyers premium. We have brought on a small auction staff that also requires a cost to operate. My thoughts of a premium is a small cost that helps us bring you, the collecting community, the most prized Sports collectibles in the market. Although we specialize in NFL equipment be on the look out for some equipment from the superstars of all major sports. Last, we will have a special for all GUU members in the very near future. Once we get the details worked out with GUU ownership we will make the announcement. A token of our appreciation to the forum members. Thank you

JO

JO,

Thank you for coming on the site and clarifying my question about the BP. I am really looking forward to the auction and the GUU special!