Monday, July 6, 2015

Buying Comics on Proxibid: Online Auction

One other place where I like to look for comics is the website Proxibid. It is an online auction site, similar to Ebay, but more like a traditional auction service. You can browse Proxibid without registering but if you want to place bids you will have to register. Getting registered is quick and easy, if you plan on bidding on anything you will have to register a credit card with the site.

You can search for items for sale - just like eBay, or you can search for events. Events are auctions that are taking place all over the country, they are held by a number of different auction services. So if you are looking for comics, you would enter "comics" into the search bar and check events, then in the results page you will find a list of auctions and the times they are taking place. Now these are not auctions with a single item but with lots of items. You can place a bid on individual lots within the auction before the actual auction has started. This is where it really differs from eBay, these auctions are actually happening in real life at whatever location is specified. Therefore you are not just bidding against people online but with people at the actual physical location of the auction. If you want to leave your max bid ahead of time and not look at it again, you can have email or SMS alerts send to you. If you want to bid on items in real time you can do that as well. The lots are listed in the order they will sell come auction day.

There are some things you need to consider when buying on Proxibid, namely internet premiums. Premiums are a percentage of the sale that the online buyer must pay. Generally, it is about fifteen percent but it differs depending on the auction company. You will also want to read all terms because some companies charge handling fees. The items you win will be shipped to you by the auction company. In my experience the companies always do a good job shipping your items securely, however they are not overly concerned with being cost efficient because you will be the one paying for it. Make sure you read all terms and shipping instructions before bidding.

Proxibid is not as recognized as eBay so you can usually find better values, depending on the premium. You do not have to worry about dealing with bad sellers because Proxibid monitors the reputations of the auctioneers on their site. Proxibid can be a great tool for filling the holes in your collection!

Happy Hunting!

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