' POLL' Teletrade 'once a week'......Does it matter ?

[thebeav]

Hello all,

 

I'm not a big 'Teletrade' person, but recently saw where they were going to a once-a-week auction.

Do you think this is better, worse or matters not?

 

Paul

[e1cnr]

I am going to wait a couple weeks to see what is going on before making an opinion. Originally it sounded like they were going to have a much higher sell-through rate than 30%, but it sure doesn't look like it to me.

[mtnstyne]

It's a lot more to look through and when looking last week everything I found had a much higher opening price than I was willing to go...and all went unsold so they will probably add to the inventory this week.

 

Undecided so far, but it was a lot to look through last week with such a large inventory all ending at the exact same time.

 

I would like to see an auction house with a 15 minute rule for once.

[coinman1794]

I am going to wait a couple weeks to see what is going on before making an opinion. Originally it sounded like they were going to have a much higher sell-through rate than 30%, but it sure doesn't look like it to me.

 

My thoughts exactly. The coins still seem to have high reserves and probably won't sell, as usual.

[e1cnr]

The first 'weekly' has closed and the 2nd started. The first seemed to have roughly 35% sellthrough rate. The 2nd started does have quite a few lower starting bids, so possibly will be over 40% selling?

 

I have estimated less than 50% workload, So am not sure if they were short staffed before, or many employees got reassigned to other divisions/let go.

There are a few coins now without pictures - which is similar to ?8 yrs? ago, maybe they will be added this week.

 

I will miss the Tuesday auctions, as being no reserves mostlots got sold.

I am still scratching my head as to why a company would make such a sudden switch in procedures.

[Paul Kiraly 3]

Tuesday was the Garbage auction.

I don't bid on anything on teletrade unless it is a pop 1 or 2

The high starting bids and new 17% buyers did me in with them

[coinman1794]

The first 'weekly' has closed and the 2nd started. The first seemed to have roughly 35% sellthrough rate. The 2nd started does have quite a few lower starting bids, so possibly will be over 40% selling?

 

I have estimated less than 50% workload, So am not sure if they were short staffed before, or many employees got reassigned to other divisions/let go.

There are a few coins now without pictures - which is similar to ?8 yrs? ago, maybe they will be added this week.

 

I will miss the Tuesday auctions, as being no reserves mostlots got sold.

I am still scratching my head as to why a company would make such a sudden switch in procedures.

I watched 6 coins in the first auction. 0 sold, I bid on 0 of them due to the retail reserves.

[coinman_23885]

I predict the end of Teletrade. Great Collections already has better customer service, staffing, and descriptions. Until recently, the hidden reserves were also a problem that made me want to deal with them even less. With the new buyer's fee, which will ultimately be passed on to the seller, I think consignors of decent material will look elsewhere. I predict Teletrade will be filled with cheap dreck and won't be worth browsing.