The Subtleties of Our Business
Our fee policy states, “If you require that your auction be started at a minimum price or reserve price, ProSellers will require a non-refundable $50 listing fee/item. If the item sells, the $50 fee is waived. If it does not sell, at your option, we’ll re-list the item at a mutually agreeable starting bid.” We have this policy to protect our interests, as we can not work for free. However, there are instances where WE will recommend that an item be listed with a minimum or reserve price because we don’t expect many bids and we want to protect the seller’s interests. But what if it doesn’t sell? We might recommend re-listing it at the same price or a considerably lower one, depending on what we learn during the course of the auction. Understand that we will research the possible value of the item in advance of the auction and advise the seller as best we can, but we are not always right or able to give an accurate estimate. Bottom line, the possibility exists that the seller will not be happy with the price we can get, and will end up owing us $50. Therefore, our best advise to a seller is to not give us an item unless you really want it sold or we sound very confident in what we can get for it. Of course, there is always the possibility that the seller is willing to risk $50 to see what the market will bear, but we don’t condone this approach.