Got back home from a long drive in the early hours this morning and relaxing before bed, saw some of Shop on TV. I’ve not watched it for ages and certainly not live. They featured Vintage Cash Cow. They had the guy who runs it as a guest and then one of the former dealers from Dickinson’s Real Deal, David Hakeney…This was essentially an external promotion for the company which makes its money on buying boxes of things like cameras, jewellery, toys etc.. no doubt hoping that each box contains one or two hidden gems along with the run-of-the-mill stuff that they have to deal with .There was an apparent £25 ‘extra’ money paid per bought box of goods by quoting a Shop on TV code. Other than that…that was the end of their direct involvement.
I have been on eBay for 24 years, and I am confident and experienced in both buying selling on there. There is no way that I would put a box of, say, collectible 1970s’ toy cars in the post, and send them to this company, and then get what is by design a low job lot type offer. Job lots are where the buyer makes their money, and the seller accepts the fact that by selling everything lock stock and barrel, they’re going to get at times a derisory amount in relation to what they are selling. As the owner regularly repeated, when he was on last night – selling to us in a big box cuts out all the hassle of you trying to sell things individually, with him expanding on all the other ‘horrendous’ pitfalls like having to actually do some hard work to sell as a reason to let THEM make the profits you should be making by selling individually.
Obviously their business model works best with a certain sort of seller. I imagine the profile, going by the advertising, is older not very Net savvie people wanting to get a little bit of pin money for their grandchildren – that kind of thing. And not wanting the hassle of having to deal with individual purchasers like you would have to do if you wanted to sell your valuables off one by one for best price. Vintage Cash Cow ‘helps them out’ and then helps themselves to the difference in what they pay to what they get when they sell the stuff on. Nothing wrong with that, of course, but as I have said, I certainly wouldn’t want to go down that route of selling to them. Call me cynical but with the £25 incentive being offered last night – all I can see is their offer for your box of things being reduced accordingly…