Home › Forums › Buying and Selling › Is Worthpoint worth it?
- This topic has 10 replies, 9 voices, and was last updated 7 years, 3 months ago by
Temudgin.
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01/12/2019 at 10:25 am #54982
Any one subscribe to this service? Does it make researching vintage items easier? Thoughts?
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01/12/2019 at 10:45 am #54984
If I list 30 items in a day, 10-15 will inevitably be cross-checked on Worthpoint. It’s good to find stats on scarce items that have an infrequent sales history on Ebay. If you are listing more common stuff with many currently listed and solds to compare to on Ebay, Worthpoint is not worth it since you can use current data already provided by Ebay.
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01/12/2019 at 12:20 pm #54986
It is worth it to me for vintage items. Google searches for hard to comp/price items, especially image matches, almost always link me right to worthpoint. I would be very frustrated without it.
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01/12/2019 at 2:20 pm #54994
Same for us. We have had a subscription for many, many years. Worthpoint also has a section that identifies hallmarks [stamped symbols found on the bottom of items], a research library and other articles some do not know about.
We use it almost everyday and as Almasty said not on all items but on most since we try to target more unusual pieces at times.
Each day when we start to list we open an Ebay tab, a picclick.com tab, and a worthpoint.com tab in that order. Then we use them as needed.
Jay says he is not interested in a price of something that sold 5 years ago, well if only a few have sold on Ebay solds it is good to have a back up, and a description of something that sold for a very high price 5 years ago and you cant find any sold since then is still a good description today and at times we also find good keywords from knowledgeable sellers in those older descriptions.
Mike at MDC Galleries and Fine Art in Atlanta
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01/12/2019 at 2:58 pm #54995
I use it! It has given me so much money over the years. It is not perfect, and frankly, clunky. But I use it almost daily as well.
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01/13/2019 at 5:35 am #55013
I decided to try it for a year and paid the subscription fee last fall. I think it has already paid for itself by helping me set and get higher prices than I would have otherwise.
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01/13/2019 at 9:37 am #55016
Thanks all for the input. I started a free trial and agree that its a valuable tool. I purchased the first tier for $199.00 for the year but it looks like the maximum value will come from the $436.00 per year options. Again what are your thoughts?
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01/13/2019 at 10:41 am #55017
I pay per month $19.99 I think I did this so I could cancel if I needed
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01/13/2019 at 11:30 am #55019
I started a subscription this year. I like it and use it. One of my criticisms is, the information is not all inclusive if there are multiple items that have sold recently. Also, I am usually listing things in the $40-50 range and Ebay is changing, especially in the last couple of years with the influx of items and sellers. Prices from 3 years ago and longer are not that relevant. Items just aren’t worth what they used to be worth.
I’m not saying I don’t think it’s worth the subscription price, I think it’s a good tool for identifying rare/unusual items, I just don’t think pricing items based on older sales, is always a fair representation of current value. -
01/13/2019 at 1:05 pm #55020
I find it very useful for research in the field using the mobile app. Often when you find something at a flea market, you have to make a quick decision or someone else will buy it. If it’s a tough to find item, you wouldn’t find any comparisons on eBay.
In my experience, the annual subscription pays for itself very quickly. The value comes from making purchases that I wouldn’t have otherwise and avoiding mistakes as a result of overpaying.
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01/13/2019 at 1:19 pm #55021
I regularly use it and find it quite valuable as well, and only take any one particular sold price as single data point. Like Mike, I find that pricing is only one aspect of what the longer sale history of an item can tell you. Sometimes there’s little there but other times there is significant valuable intel in having more sold items to review other than just the price.
Additional information that would make Worthpoint more valuable to me would be whether an item was BIN or auction (though sometimes the sold price will suggest it was auction if it ends in an odd cents number) and whether the seller sold worldwide. Both of those things can significantly affect the final sold price, depending on the category.
I have the $19.99/mth version.
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