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jerryking : ebay   16

5 Ways to Value Your Collection, Whether It’s Fine Wine or Shrunken Heads
March 1, 2019 | The New York Times | By Paul Sullivan.

Collectible assets include wine, spirits, coins, trading cards as well as more unusual items, like lighters, belt buckles and even shrunken heads. These collections cost money and time to assemble and certainly have a value to their owners, but can they be considered legitimate investments? That depends on the market.

For many collectors, the only option to buy, sell or even value these assets is through online auction platforms like eBay or enthusiast sites, but for others, their possessions are treated as fine art.......the market for collectibles, which are often valued in the millions of dollars, may not always be so easy to weather. It can experience sudden surges that put desired items out of the reach of true collectors or it can collapse, wiping out the gains speculators thought they had made.

In an economic slowdown, how these investments are treated depends on supply and demand as well as unpredictable forces like fashion and popularity.....Collectibles can be broken into categories determined by provenance, rarity and even a moment in time. Here are five issues to consider when weighing the investment potential of your collection.....
(1) The standouts in the crowd - Leading the pack are high-quality items that have broad name recognition.
(2) High risk, high reward -
(3) Not all collectibles are investments- jewelry is not an investment....because the market is driven too much by changing fashion.
(4) Obscure and difficult to sell - establish the value of esoteric collections by using third-party appraisers. But insurance companies like A.I.G. value these collections by their replacement value, not by the price someone would pay for them.
(5) A market downturn - =hether it’s shrunken heads, 1,000 bottles of wine or sheets of trading cards, a ready buyer may not be available — or may want to pay much less (i.e. a step change in the valuation).
collectibles  collectors  high-risk  howto  obscure  valuations  AIG  auctions  assets  brands  eBay  economic_downturn  esoteric  fine_arts  high-end  high-quality  investing  investments  passions  step_change  unpredictability  wine  whisky  online_auctions 
march 2019 by jerryking
The High-Speed Trading Behind Your Amazon Purchase - WSJ
By CHRISTOPHER MIMS
Updated March 27, 2017

Beneath the placid surface of product pages lies an unseen world of bots, algorithms, flash crashes and fierce competition......Just beneath the placid surface of a typical product page on Amazon lies an unseen world, a system where third-party vendors can sell products alongside Amazon’s own goods. It’s like a stock market, complete with day traders, code-slinging quants, artificial-intelligence algorithms and, yes, flash crashes.

Amazon gave people and companies the ability to sell on Amazon.com in 2000, and it has since grown into a juggernaut, representing 49% of the goods Amazon ships. Amazon doesn’t break out numbers for the portion of its business driven by independent sellers, but that translates to tens of billions in revenue a year. Out of more than 2 million registered sellers, 100,000 each sold more than $100,000 in goods in the past year....It’s clear, after talking to sellers and the software companies that empower them, that the biggest of these vendors are growing into sophisticated retailers in their own right. The top few hundred use pricing algorithms to battle with one another for the coveted “Buy Box,” which designates the default seller of an item. It’s the Amazon equivalent of a No. 1 ranking on Google search, and a tremendous driver of sales.
fulfillment  Amazon  pricing  back-office  third-party  bots  algorithms  flash_crashes  competition  retailers  e-commerce  product_category  private_labels  stockmarkets  eBay  Wal-Mart  Jet  Christopher_Mims 
march 2017 by jerryking
Auction houses embracing digital technology to sell to the new global rich
SEPTEMBER 18, 2014 by: John Dizard.

....The auction houses have been under pressure to adapt to this changing universe. While the most visible aspect of the houses’ digital revolution may be their online auctions, the most essential is in the systematising and networking of their customer, market and lot information. Without that, the auctioneers would lose control of their ability to charge gross margins in the mid-teens as intermediaries of the $30bn global art auction market....Within the quasi-duopoly of Christie’s and Sotheby’s at the top of the auction world, Christie’s has now moved to implement what it calls its “digital strategy”....Christie’s now has James Map (as in founder James Christie), a sort of private internal social network that allows specialists, client service staff, support staff and executives to see what is known about a client and his tastes. Past auction records, relatives’ purchases and sales, statistical inferences on how likely clients are to move from buying an expensive watch online to participating in a high-end evening sale – it all can be in the mix.

The idea, Murphy explains, was “to create an internal app that spiders into our database of information and brings up on our internal [screen] environment lots of connectivity. This is faster and better than the email chains [that it replaced].”....This summer, Sotheby’s announced a partnership with eBay, the online auction giant. While the details of the partnership are still being developed, it is understood eBay will distribute live Sotheby’s auctions to its global audience of 150m buyers.

Ken Citron, Christie’s head of IT

The digital strategy is also making it easier to take part in auctions. Even with all the unseen know-your-customer checks now required by financial supervisory agencies, it has become much faster and easier to register as an auction house client. About half now do so online.

But while the online revolution may have left some auction houses behind, for others it is generating new business. Auction houses used to regard the sale of smaller, cheaper objects from, for example, estate liquidations as an annoying loss-leader business that just wasted their specialists’ time. Now, however, many are making money selling objects for $2,000-$3,000; it’s just a matter of cutting transaction costs. “We have a new app with which you can take a picture, push a button, and it goes to a specialist, with a description. Then the specialist can decide if it might fit into an auction,” says Citron.
auctions  Sotheby's  Christie's  data  art  collectors  high_net_worth  partnerships  eBay  duopolies  digital_strategies  CRM  IT  margins  intermediaries  internal_systems  loss-leaders  transaction_costs  cost-cutting  know_your_customer  Bottom_of_the_Pyramid  estate_planning  liquidity_events  online_auctions  digital_revolution 
november 2016 by jerryking
Network orchestrators are the new path to profit - The Globe and Mail
Jul. 03, 2016 | Special to The Globe and Mail | HARVEY SCHACHTER

* "The Network Imperative" by authors Barry Libert, Megan Beck, and Jerry Wind.

Technology - Shift from physical to digital. Develop a digitally enabled platform around which people can congregate.

Assets - Shift from tangible to intangible assets. Physical assets are becoming a liability. Pay attention to your brand, a key intangible asset, and also view people as an asset, not an expense.

Strategy -move from operator to allocator. As a strategist, Mr. Libert has spent many years working with leaders to figure out what products to sell to what market. But these days, leaders should be active allocators of capital, like portfolio managers.

Leadership - The shift here is from commander – in charge of a highly structured, hierarchical, top-down organization – to co-creator, who knows how to motivate, inspire and work alongside others to develop the network.

Boards - His favourite shift, because it is the most difficult, is the switch from governance to representation.
Finally, the mindset must change to thinking less rigidly about roles, processes, products and industries.
assets  atoms_&_bits  books  business_models  capital_allocation  co-creation  eBay  Etsy  flexibility  Harvey_Schachter  intangibles  mindsets  networks  orchestration  pay_attention  platforms  portfolio_management  physical_assets  resource_allocation 
july 2016 by jerryking
My eBay MBA: a dozen business lessons from online auctions - FT.com
August 25, 2014 | FT | By Lucy Kellaway.
My eBay MBA: a dozen business lessons from online auctions.

1. Trust is vital . . .
2. Consumers are sometimes irrational
3 . . . and sometimes dead sensible
4. Jargon and hyperbole subtract value
5. Spelling matters
6. Accentuate warts
7. Arbitrage opportunities are plentiful
8. Do something you love
9. Study the data
10. The human touch is vital
11 Innovation is overrated
12. Tell stories
What they don’t teach you at eBay Business School . . .
. . . is how to network.
eBay  lessons_learned  Lucy_Kellaway  auctions  networking  overrated  trustworthiness  storytelling  irrationality  spelling  arbitrage  jargon  online_auctions 
august 2014 by jerryking
The Race for Faster Delivery of Everything - Corporate Intelligence - WSJ
December 11, 2013, 7:34 PM

The Race for Faster Delivery of Everything

Article
Comments (2)

Corporate Intelligence HOME PAGE »

By
Tom Gara
delivery  time-based  Amazon  AmazonFresh  supply_chains  UPS  EBay  EBay_Now  shippers  perishables  logistics  delivery_times  speed  fulfillment  same-day  delivery_services  fast-paced 
december 2013 by jerryking
In War for Same-Day Delivery, Racing Madly to Go Last Mile - NYTimes.com
November 23, 2013 | NYT | By HILARY STOUT.

That personal, labor-intensive approach doesn’t translate easily into profit. “You just can’t get any hourly worker at Popeyes to do this — you need someone with a work ethic and a sense of urgency and a willingness to go out of the standard operating procedure to delight the customer,” said Sucharita Mulpuru, a retail analyst at Forrester Research. “It is an H.R. issue, not a tech issue. Many of these companies are coming at it from a tech standpoint.”
Amazon  eBay  eBay_Now  concierge_services  shippers  delivery_networks  package_delivery  instant_gratification  last_mile  distribution_channels  work_ethic  urgency  same-day  delighting_customers  hourly_workers  labor-intensive  home-delivery  fulfillment 
november 2013 by jerryking
What Knowledge Is of Most Worth in the Global and Digital Economy?
Catching Up or Leading the Way

by Yong Zhao

We must cultivate skills and knowledge that are not available at a
cheaper price in other countries or that cannot be rendered useless by
machines. This is mainly Pink's argument but is shared by others such as
the New Commission on Skills of the American Workforce and Harvard
economists Claudia Goldin and Lawrence F. Katz, both professors of
economics at Harvard University. In The Race Between Education and
Technology, they write:

Today, skills, no matter how complex, that can be exported through
outsourcing or offshoring are vulnerable. Even some highly skilled jobs
that can be outsourced, such as reading radiographs, may be in danger of
having stable or declining demand. Skills for which a computer program
can substitute are also in danger. But skills for non-routine
employments and jobs with in-person skills are less susceptible. (Goldin
& Katz, 2008, p. 352)
21st._century  automation  China  core_competencies  Daniel_Pink  digital_economy  eBay  education  face2face  future-proofing  imagination  in-person  knowledge  Lawrence_Katz  Managing_Your_Career  mental_maps  non-routine  personal_growth  outsourcing  self-analysis  self-worth  skills  skills_training  special_sauce 
june 2011 by jerryking
For sale on eBay: a new future
Mar. 31, 2011 | Globe and Mail | SIMON AVERY — INVESTMENT
REPORTER. Ebay moved to close the gap with Amazon and go after the
business of big retailers. Pennsylvania-based GSI Commerce helps big
merchants sell online, providing an infrastructure that includes order
management, payment processing, customer service and shipping and
tracking. If the deal goes through, it will not only be eBay’s largest
acquisition in its 16-year history, it will alter the direction of the
company.
Simon_Avery  eBay  mergers_&_acquisitions  M&A  GSI_Commerce 
april 2011 by jerryking
The Rise of the People-Less Business
Some fascinating data out in a new Intuit/IFTF study on small
business. One factoid that caught my eye right away was on the rise of
"personal businesses", the kind of one-person shows that helped drive
the adoption of Ebay, Adsense, etc.

"Personal businesses are a surprisingly large part of the American
economy. According to the U.S. Census Bureau, at the end of 2004 almost
20 million Americans operated businesses with no employees. Businesses
without a payroll make up over 70% of the nation’s businesses, and
almost one million new businesses without payrolls were added in 2004
(the latest available data)."

[via Intuit/IFTF]
Paul_Kedrosky  solo  small_business  lifestyles  Intuit  eBay  payrolls 
december 2010 by jerryking
Google's search for superiority
June 19, 2010 | The Globe and Mail | Omar El Akkad. "For the
first time since Google began eviscerating the competition in the search
market a decade ago, a new crop of sites are threatening its position.
Millions of users are turning to sites ranging from Twitter to Facebook,
Amazon to eBay, to look for breaking news, restaurant recommendations
or shoes for sale. Apple is starting to leverage its massive mobile
applications ecosystem to run an advertising business aimed squarely at
taking revenue away from Google’s search advertising. Suddenly, Google’s
list of potential competitors has exploded."
Google  search  Apple  Twitter  Facebook  Amazon  eBay  competitive_landscape  Omar_El_Akkad 
june 2010 by jerryking
Will that be cash, cheque or PayPal?
May 20, 2010 | The Globe and Mail | Omar El Akkad
EBay  PayPal  mesh  payments 
may 2010 by jerryking
EBay Adds 'Flash' Fashion - WSJ.com
MARCH 29, 2010 | Wall Street Journal | By GEOFFREY A. FOWLER
And RAY A. SMITH. EBay Adds 'Flash' Fashion
Business Model Takes a Page From Online Sample Sales. EBay Inc. will
launch "flash sales" of high-end fashion brands Monday in its latest bid
to revive its giant online marketplace. On a portion of its Web site
dubbed Fashion Vault, the company will offer discounts starting at 50%
off retail for a limited time, beginning with offerings from French
Connection Group PLC.
The business model, which follows a trial in the fall featuring Hugo
Boss, DKNY and Max Mara, takes a page from such Web sites as Gilt Groupe
Inc. and GSI Commerce Inc.'s Rue La La. Those sites have carved out a
fast-growing niche in e-commerce by offering the online equivalent of
one-off sample sales. The move is a departure for eBay, which has
generally billed itself as a neutral third-party marketplace that anyone
can join.
apparel  brands  EBay  e-commerce  fashion  flash_sales  high-end  high-growth  microsites  niches  one-of-a-kind  product_launches  Ray_Smith 
march 2010 by jerryking
The Path to Growth - WSJ.com
MARCH 3, 2007 | Wall Street Journal | By NORMAN T. SHEEHAN
& GANESH VAIDYANATHAN. Even the most successful business models
erode over time making adaptability the key to thriving under tough
conditions. To avoid getting stuck in a rut, companies must constantly
adapt business models to threats and opportunities. While most managers
consider a host of conventional approaches, there's another way to
approach the problem: Look at value-creation strategies. Here are three
such strategies:
* Industrial efficiency, which creates value by producing
standardized offerings at low cost. Manufacturers and fast-food
restaurants rely on this approach.
* Network services, which creates value by connecting clients to
other people or other parts of the network. Telcos, delivery services
and Internet middlemen such as eBay use this method.
* Knowledge intensive, which creates value by applying customized
expertise to clients' problems. Law firms and medical practices are
prime examples.
business_models  delivery_networks  eBay  efficiencies  expertise  growth  industrial-strength  inequality_of_information  industry_expertise  knowledge_intensive  law_firms  legal  low-cost  middlemen  networks  orchestration  strategies  taxonomy  value_creation 
february 2010 by jerryking

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