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Jay you’ll appreciate this. I bought a collection of over 1 million aviation postcards from ebay for $10k. Spent another $4kish to fly out to Minneapolis and drove them back. Here’s an “unboxing” video if you are interested. https://youtu.be/j3wrncPHtB0 This should turn out to be worth several million dollars of inventory.
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I got curious to see if I could find the original listing and sure enough, here it is:
https://www.ebay.com/itm/353854934827?nordt=true&orig_cvip=true&rt=nc
The scavenger’s dream listing. Pretty nice pictures and description for a low feedback seller, too.
Amazing purchase, and I loved the video. Very methodical and process oriented, no bs and easy to follow even if you’re not a postcard expert. So many bundles of the same postcard will allow for a ton of $5 to $20 listings where one photo will lead to dozens and maybe even hundreds of sales.
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Incredible! Talk about going all in.
I love the story in the listing: “My grandpa was an Air Force pilot and this was his retirement nest egg.” Assume he died and his egg kept him safe till the end.
–From your video, it looked like many boxes of the same card. Will this make it easier to list? Or are most of the postcards unique?
–Do you have enough storage in your current space to safely store all these cards?
–When you say these cards may be worth $1-million, do you expect a big jump in income over a period of 2 years? 5? 10? How long tail are these?-
There most likely are several hundred copies of the same card. I only have to do 1 listing per card and will have hundreds of extra copies. Pretty much list it once and forget it. There are several thousand different cards (and 100’s of copies of each). Since I wasn’t expecting to make this purchase, I have to put some infrastructure in place and have purchased extra shelving racks and storage boxes. I’ll probably see a few years of significant growth, but I’m sure there will be some diminishing demand for them. Like my other postcards, some of these could sit for years until a buyer comes along.
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popeyespostcards,
From what I see, it looks like there are about a 100 copies of each postcard. That makes about 10,000 unique postcards which you will sell for about $5 each. Is that correct? If you sell 4% of the unique ones per month, then you will gross $2000 per month. You could go on doing that for about 2500 months, meaning you will never run out for about 200 years.
Is that how you figure it, or are your calculations different?
Mark
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Probably several 100 copies of each card. Unknown number of unique cards, but many 1,000’s. I hope to have the majority of them listed within a few years. Normally, I can do 100-200 listings a day when I set my mind to it. These, probably between 50-100 a day. I’ll know better once I get started.
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popeyespostcards,
Another idea. In addition to selling one by one, try making sets of them to sell. Try to group the postcards into sets. The sets will sell for more and you have plenty of extra cards to make the sets. It may be a little more work, but I think it would improve your profits and get more cards sold.
Mark
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Wow, what a score for you and your store.
Congratulations on having the knowledge base to know the value of these and the instinct to go for it. These opportunities are few and far between.. if ever.
I don’t think the question is if you’ll make a profit.. the only question would be how much.
Good luck.
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