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Ebay 208 lighthouse collection

Posted By: MtnHkr

Ebay 208 lighthouse collection - 11/22/02 05:35 PM

Someone is selling an entire collection of lighthouse, about half appear to be Harbour Lights. 208 of them he says that belonged to a 90 year old gentleman. Valued at 9000. he has set a reserve price of 1200. Should be interesting to see if they sell and for what price.

Ebay Item
Posted By: JCRice

Re: Ebay 208 lighthouse collection - 11/22/02 06:28 PM

I saw that, too. I wish the guy who's selling it good luck. I wonder how you go about shipping a 208 piece collection...?
Posted By: silverfox51

Re: Ebay 208 lighthouse collection - 11/22/02 06:56 PM

Interesting list of stuff. Sure would make a dent in one's want list wouldn't it. Several of these I would like to have but I sure couldn't use all of them with a new house of major addition. I wonder also how one ships 200+ lighthouses.
Posted By: lhlover

Re: Ebay 208 lighthouse collection - 11/22/02 08:47 PM

I'd say he'd have to ship them - VERY CAREFULLY! laugh

I wish I had the money to bid on them - that's a steal! smile
Posted By: MtnHkr

Re: Ebay 208 lighthouse collection - 11/22/02 09:33 PM

He claims that everything is boxed and ready to ship. I hope he packed them very well. What a job, packing 208 items. Better him than me.

Bert laugh
Posted By: Webmaster

Re: Ebay 208 lighthouse collection - 11/22/02 09:41 PM

Quote:
I AM SELLING A COMPLETE LIGHTHOUSE COLLECTION OF 208 PIECES. THIS COLLECTION BELONGED TO A 90 YEAR OLD GENTELMAN THAT WENT INTO A REST HOME AND SOMEHOW I ENDED UP WITH THE TASK OF DISPOSING OF IT. I DID MY BEST TO CATILOG EACH PIECE AND PLACE THEM IN THEIR ORIGINAL BOX. ALL PIECES SEEMED TO BE IN EXCELLENT CONDITION. TWO PIECES HAD A SINGLE TREE BROKEN OFF. THE BREAKS WERE CLEAN AND THE PIECES ARE IN THE BOX, 7 TO 25 PIECES ARE NOT IN THEIR ORIGINAL BOXES. THERE IS A STACK OF CERTIFICATES ON THE HARBOUR LIGHTS.I DON’T KNOW WHAT A LARGE COLLECTION SHOULD GO FOR BUT I ESTIMATED THE RETAIL VALUE AT ABOUT $9,000 I AM SETTING THE RESERVE AT $1200 PLEASE NO QUESTIONS I REALLY DON’T KNOW ANYTHING ELSE. AND EVERYTHING IS BOXED AND READY FOR SHIPPING. PLEASE NOTE THAT THIS COLLECTION INCLUDES MORE THEN JUST HARBOUR LIGHTS INCLUDING LEFTONS, THOMAS KINCADE, SCASSIS,CHERL SPENSER COLLINS AND OTHERS.I BELIEVE MY TYPING AND DATA BELOW IS ACCURATE 98% ? .
Not an offering that exudes confidence for the buyer. 98% accurate listing. Please no questions. 7-25 no boxes, etc.

I did some analysis of the actual listing and here's what's included:

Harbour Lights
[*]47 Limited Edition Harbour Lights
[*]4 Society Editions Harbour Lights (2 freebies)
[*]2 Christmas Editions (both Herford Inlet)
[*]1 Special Edition (Eddystone)
[*]14 Spyglass pieces
[*]13 Ornaments
[*]17 GLOWs
[*]14 Little Lights

Other Lines
[*]12 Lefton
[*]8 Scaasi Lamp Finials
[*]41 Scaasi Lighthouses
[*]2 Spoontiques
[*]4 Thomas Kincade
[*]5 Cheryl Spencer Collins
[*]12 Coll. Amer. Lighthouses
[*]9 Other items

My tally says that's 205 items plus "706 Alcatraz Middle Bay MTK w/Shoal Calif"

Let's use this to understand the major problems of selling 'complete collections'.

1. Forget the non-Harbour Lights items. There is no secondary market for any of these.

2. Among the 47 LE Harbour Lights, there are NO 'hard to find' items. Perhaps this collection included a few originally and they have been sld off already or the original collector started collecting in 1998-1999 and never bought on the secondary market.

3. So who would buy this collection - assuming it included only the Harbour Lights pieces? Presumably it would be someone who is already a collector and now is making the leap into the big time. But that likely buyer already has some pieces - and there's a good chance they have many of the ones being offered. And these are not the pieces you want to have duplicates of.

Did this collection cost $9,000? (I'm only estimating here)
[*] 47 LEs @ $70 = $4,290
[*] 17 GLOWs @ $50 = $850
[*] 2 Society + 2 Freebies @ $80 = $160
[*] 1 Eddystone @ $80 = $80
[*] 2 Hereford @ $75 = $150
[*] 2 Spyglass sets @ $75 = $150
[*] 13 Ornaments @ $15 = $195
[*] 14 Little Lights @ $14 = $196

Total for Harbour Lights = $6,071

I'm not sure of current prices on the other pieces, but I guess $9,000 might be a bit of a stretch. Perhaps $8,000.

So let's say your collection has lots of holes that could be filled by the 53 Harbour Lights pieces (counting the Spyglass items as 2).

If you could buy the whole thing for $1,200, that would be about $24 each.

You could give the Little Lights to your kids to play with and make a gift of the GLOWs to Sean or Tim.

Perhaps you could donate the non-HL pieces to a charity and get a $1,200 tax deduction... or maybe a $2,000 one.
Posted By: rscroope

Re: Ebay 208 lighthouse collection - 11/22/02 09:51 PM

I also saw this very early this morning and noticed immediately that there were very few HL# 100 pieces and no 'finds'. Could be a great find for a newbie who was willing to take a chance. BUT Shipping might be as much as the winning bid. (John, where did you get all that extra time? LOL
...there's some chat logs I'm looking for? laugh )
Bob
Posted By: Bob M

Re: Ebay 208 lighthouse collection - 11/22/02 10:20 PM

I saw the list this morning and wasn't overly impressed with what he had to offer. The seller would be better off putting them individually on eBay over an extended period of time. I'll be surprised if he reaches his reserve right away, alleged bargain or no bargain. The market is down and everyone wants a deal on what they want and not what comes with it.

smile Bob smile
Posted By: Pharologst

Re: Ebay 208 lighthouse collection - 11/23/02 02:25 AM

I/m not impressed with the listing, and even if I wanted many of thepeices, it seems to much like a "pig in a poke" to lay out even $1200.

Posted By: JTimothyA

Re: Ebay 208 lighthouse collection - 11/23/02 03:49 AM

Quote:
You could give the Little Lights to your kids to play with and make a gift of the GLOWs to Sean or Tim.
That's right JC - given 'em up! We'll hold a "Smash the GLOWs" party. Two dollars a whack. Then we'll donate the proceeds to the Collector Forums! Finally! - a reason for GLOWs. Bring that hammer down! LOL!

Rgds,
T Dre Sledge
Posted By: ga light man

Re: Ebay 208 lighthouse collection - 11/23/02 06:55 AM

With this guy selling an elderly man's lighthouses and he is now in a nursing home, I kind of wonder what will he do with the proceeds from selling 208 collectables.I feel with enough searching, any of these can be found cheaper with enough homework.I wish him well but I don't think he sell them for what he is asking.
Rick
Posted By: flacoastie

Re: Ebay 208 lighthouse collection - 11/23/02 01:49 PM

There will probably be somebody out there that will make his bid. This sounds like a great deal until you break it down like John did, but, how many people really know the prices. I guess if you don't have the time and want to get an instant collection this is the way to go. $1,200 for 47 LE Harbour lights is pretty steep. The rest of the stuff can't really be counted, especially the GLOWS.

Rich cool
Posted By: DANIEL

Re: Ebay 208 lighthouse collection - 11/23/02 03:03 PM

I don't know why anyone would want an instant collection. In my six years of HL collecting the most fun I had was in the early years of my collecting when I hunted down the hard to find ones from dealer to dealer. Back then you didn't look for bargains as much as just trying to find them. Now a bargain seems to be the most important thing in collecting. Quality and rarity has always been my first priority. Yes, the price had to be in reason. (The going price).

This ebay item looks like a quick fix to the the sellers problem of what to do with all this stuff.
Posted By: DANIEL

Re: Ebay 208 lighthouse collection - 11/23/02 03:07 PM

Tim
Who do I send my two dollars too for getting a wack at those Glow.
Posted By: TERRY BARFIELD

Re: Ebay 208 lighthouse collection - 11/23/02 10:05 PM

Quote:
$1,200 for 47 LE Harbour lights is pretty steep.
Rich that equals out to $25.53 each, not exactly what I would call steep.
Posted By: Dave H

Re: Ebay 208 lighthouse collection - 11/24/02 02:52 AM

Terry,

Don't forget to add in shipping on all those pieces. And the unending hate of your UPS person or mail person having to deliver all of those boxes........ and you having to sign for each one if you are unlucky enough to be home when they are delivered.

Dave
Posted By: lhlover

Re: Ebay 208 lighthouse collection - 11/25/02 09:35 PM

I'd buy a bunch of them GLOWS for $20.00 a piece and more for the Limited Editions. He has a bunch that I am still trying to collect - I hope he does decide to sell them individually, he would make more money and people like me could get my hands on a few needed HL's. Of course remember that he did mention that a couple of them were broken. I wonder if they really would be worth the "deal" we would be getting.
Posted By: flacoastie

Re: Ebay 208 lighthouse collection - 11/26/02 02:36 AM

Terry, The price may sound right for a brand new collector but if your buying duplicates, some broken pieces, common pieces that are a dime a dozen and paying for the shipping on everything, it could cost out to a lot more then $25.00 a piece. You might even have breakage in shipment if the original boxes are missing and this will eat into you profit. It just doesn't sound like a good deal to my way of thinking, but, I'm from Florida and we have a hard time even counting down here. Have a Great Day!

Rich confused
Posted By: Jim Chesher

Re: Ebay 208 lighthouse collection - 11/26/02 02:48 AM

I see that this auction now has one bidder. Will be interested to see if it gets past the $1,200 reserve price. wink

Posted By: Gebby

Re: Ebay 208 lighthouse collection - 11/29/02 04:32 AM

I'd give him $400 for it. laugh
Posted By: MtnHkr

Re: Ebay 208 lighthouse collection - 11/29/02 03:12 PM

Still better than 2 days to go and we now have two bidders.

Bert shocked
Posted By: MtnHkr

Re: Ebay 208 lighthouse collection - 11/29/02 11:07 PM

Leave for a couple of hours, Check in and PRESTO: 4 Bidders, Reserve has been met, and still two days to go!

Bert wink
Posted By: pierhead

Re: Ebay 208 lighthouse collection - 11/30/02 12:46 AM

You have got to be kidding me! confused
Posted By: DANIEL

Re: Ebay 208 lighthouse collection - 11/30/02 03:34 PM

Check the counter
this one has been checked 700 times.
confused
Posted By: DANIEL

Re: Ebay 208 lighthouse collection - 12/02/02 05:18 PM

They went for $1,815.01
Posted By: cclighthousebuff

Re: Ebay 208 lighthouse collection - 12/02/02 08:38 PM

What does the final price tell us about the collective wisdom of the forum? confused
Posted By: pierhead

Re: Ebay 208 lighthouse collection - 12/02/02 09:45 PM

There's a sucker born every minute?
Posted By: Webmaster

Re: Ebay 208 lighthouse collection - 12/02/02 10:06 PM

You'll be seeing these items on ebay (and perhaps the Marketplace) at less than retail in the future.

So out of this 208 piece collection, 50 were limited edition HLs. The buyer paid an average of $36 (+ shipping). Probably half of the average retail.

The buyer will make out just fine. My guess is they will net about $1,500-$2,000.
Posted By: MtnHkr

Re: Ebay 208 lighthouse collection - 12/02/02 10:22 PM

Who would have ever believed! Has to be someone interested in reselling these items. GOOD LUCK!

Bert wink
Posted By: Bob M

Re: Ebay 208 lighthouse collection - 12/03/02 02:47 AM

I'll be lurking in the shadows if the starting bid is really low with no reserve at eBay. I'm building a stockpile of extras for future sales when the prices rise up again.

smile Bob smile
Posted By: Larry

Re: Ebay 208 lighthouse collection - 01/07/03 02:21 AM

It looks like the winning bidder was a speculator, as they have been resold individually. Looking at their previous auctions, buying and selling, and feedback, I didn't see any lighthouses.

Completed Auctions for "speodi"

$1815 plus shipping turned into this:

Cheryl Spencer Collins: 6 listed, 6 sold, $102.03, $17.00 average

Collectible American: 12 listed, 5 sold, $28.00, $5.60 average

Glorious Lighthouse: 2 listed, 0 sold

Lefton: 12 listed, 12 sold, $147.78, $12.32 average

Scaasis: 42 listed, 25 sold, $247.73, $9.91 average

Spoontiques: 2 listed, 0 sold

Thomas Kinkade: 4 listed, 4 sold, $73.00, $18.25 average

Harbour Lights Little Lights: 15 listed, 15 sold, $107.53, $7.17 average

Harbour Lights GLOW: 18 listed, 18 sold, $576.82, $32.05 average

Harbour Lights LE, Special, Christmas, etc.: 58 listed, 1 pulled, 57 sold, $2148.46, $37.69 average

Totals: 171 listed, 142 sold, $3431.35, $24.16 average

It looks like they turned a nice profit. Makes me wish I had the foresight to pony-up the two grand. (although I probably would have wanted to keep them all!)

They also did not list these under the normal "Decorative by Brand: Harbour Lights", but under "Decorative by Theme: Lighthouses". I only found them because the Coquille River LE that was up last week was in the same incorrect category. Makes you wonder what they would have gotten in the correct category.

Despite the fact they weren't in the normal category, there was lots of bidding. I did bid on some, but won nothing. I was being cheap, as there wasn't anything I "had to have".

Nice guess on the profit-turn, Saint John!
Posted By: Webmaster

Re: Ebay 208 lighthouse collection - 01/07/03 02:33 AM

Quote:
Originally posted by JChidester:
The buyer will make out just fine. My guess is they will net about $1,500-$2,000.
Say who was that psychic who guessed $1,500-$2,000? wink

Paid $1,815 12/2/02. Sold for $3,431 1/6/03

Profit $1,616 or 89% return in one month. An annual rate of return of 1,068% by my figurin' (someone check me on that.)
Posted By: pierhead

Re: Ebay 208 lighthouse collection - 01/07/03 02:58 AM

Not in the normal category? I found them just fine by typing "harbour lights" in the search box. confused
Posted By: NJLIGHTS

Re: Ebay 208 lighthouse collection - 01/11/03 07:15 PM

$1,616 sounds good but we have to take out the expenses and time involved in processing the Lighthouse for resale. The shipping fee to get the items to the new owner had to be at least $400.00. Much less than the normal $6.00 shipping per lighthouse but still high. How many boxes would be involved?-a lot. The time to unpack, catalog, list on e-bay, take the pictures, move the item to temp storage. 15 Minutes an item? Thats 50 hours. The 5% or more E-Bay fee, thats about $200.00. The monitoring of E-bay for 7 days, the e-mails to answer, ect. More time. After the sale, finding and packing and addressng around 200 boxes. Taking them to the Post Office or UPS-the lines ,ect. Another 50 hours for the sending process.. I may be wrong in my figures, but I think the buyer lost money or made a few cents an hour. Any one got any better numbers?
Posted By: pierhead

Re: Ebay 208 lighthouse collection - 01/11/03 09:45 PM

I guess that depends on what tax bracket your in. Where I'm from, a $1500 profit for a weeks worth of work is good money. Especially when it's on the side. I was one of the people that thought this was a bad move originally. Now I've changed my mind. smile
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