Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:37):
Welcome back to the What Sold podcast.
I am Brandon.
This is Matt.
He is the Merchant of Madness,the aftermarket machete.
He is the thing.
All slashing prices, people, slashingprices, Sunday, Sunday, everything.
Not with a scalpel.
This is not precision work.
This is it's not guessworkeither, but it's like, it'll
(00:58):
get the job done, hopefully.
Absolutely.
Today's show is interesting, Matt.
It is a show about regret.
I have.
My wife asked me today, she's like, doyou ever I had worked one time years ago
at a school that I really, really loved.
It was like my.
A first job outta college.
I just loved it.
I was there for maybe, Idon't know, 10, 15 year.
It was just a greatfamily place and awesome.
(01:20):
And I left because I wantedto do something different.
And she goes, do you everregret leaving there?
Because I had run into a friend whostill works there, and he is been
there for, I don't even know now,35 years, whatever, a long time.
Teachers are apt to stay ata place forever and ever.
And she asked me, she's like,do you regret leaving there?
And I said, you know.
I don't regret it.
I certainly could have seenstaying forever, but I try not
(01:45):
to regret the past too much.
'cause everything I've done, Iwouldn't be doing this show with you.
Mm-hmm.
I said it wouldn't be, I wouldn'tbe creating podcasts, I wouldn't be
doing all the things that I'm doing.
So regret I. It's a funny thing, but weare gonna be talking about regret today.
Wait first before we get intothe main bulk of it all, Matt.
Okay.
Do you have any regrets in your life?
Things that you're like, ah, man, nope.
(02:05):
I wish I would've just not soldthat buffalo nickel when I was 10.
Or taken a different job or,oh, regrets of things I wish I'd
held onto when I was younger.
Knowing what I know now, absolutely.
Oh, really?
Yeah.
All kinds of, to primarily toys.
Also, I wish I had certaintypes of sports cards.
(02:27):
Yeah.
I do still have a lot of toys frommy childhood, which I think I saved,
thinking that maybe my kids wouldplay with them and they do a little
bit, but they're not new and shiny.
They're old.
No.
So they don't care.
But I've got a bunch of old Transformersand GI Joes and He-Man and Ninja
Turtles, and I've still got a lot oftheir weapons and that stuff's cool.
(02:50):
I look at it and I don't remember likespecific days or times playing with it,
but I remember I played with them a lot.
Yeah.
And I wish I had and even whenI was younger, I remember having
some older sports cars and thingsthat were in decent condition.
Had I held onto them till now and had themgraded, they could be worth quite a bunch.
I had a, I've mentioned this beforein the past, that I had this ginormous
(03:15):
comic book collection, thousands ofcovers and I just like collecting 'em.
I love frankly, and this is whatI think all collectors probably
really are at their heart.
I just enjoyed comic books.
I just really loved themas a kid growing up.
I loved the X-Men and all thedifferent things that were out there.
Yeah.
I would collect them and thenthey got more and more expensive.
I don't even know what they are now,but they got, they, when I first started
collecting, they were probably, I. I think50 cents a cover was that I remember I
(03:38):
could buy five books or six books for $3.
Yeah.
So I was like, every month I would sayI would hoard my nickels and pennies
and I would go and get my six coversthat I really loved for $3 at the local.
And what was your outta curiosity,what were the titles or the types
that you were most interested in?
Oh, well, I loved my all timefavorite is the X-Men for sure.
(03:59):
Okay.
It's, it was such a, weirdly, anybodythat's a comic book aficionado or.
I don't know if anybody outthere listens or whatever.
I'm sure there are some peoplethat try to sell I'm a what?
Mm-hmm.
But it was truly acutting edge comic book.
It was the first comic bookthat had real stories in it.
It was real people who were strugglingwith real things as opposed to like, oh,
(04:20):
I am Captain America here to save the day.
It's like, mm-hmm.
Wonder Dog.
That kind of comic book was really popularin the forties, fifties, and sixties.
By the time you hit the seventies, theclimate of the country had changed a lot.
So books like The X-Men, whichcame out, I think in the late
sixties, maybe the early seventies.
By the time the X-Men came out, it wasindicative of the way the world was.
(04:43):
So anybody here that remembers I, Iwas a little bit young to remember.
Much of the seventies, certainlynone of the sixties, but I do
know that it was a much morecomplicated time for a lot of people.
So that was reflective in comics.
This is the the Gerald Ford era.
Like post probably in therepost Kennedy and no post Nixon.
Really?
Nixon, post Nixon.
Like Reagan?
Like not quite Reagan?
No, not quite Reagan.
(05:04):
I mean I started collecting probablyin the late seventies during the
Carter administration and then allthrough the Reagan administration.
Not that comic books have anythingto do with the US presidents.
No.
No thing.
Maybe they should make aUS president comic book.
I'm sure they have.
I guarantee you they have.
By the way, this was also comics.
That were prior to computers.
(05:24):
So if you look at comic books, mostof 'em are computer generated art.
Yeah.
So it's really, you could see thedistinctive difference when you look
back at stuff prior to the nineties.
Comic books looked very different.
It was all hand-drawn.
Oh man.
Underground comics, especially likefrom the seventies, like in Chicago
and stuff, the art, it's all, it'svery crude is not fair to say.
(05:47):
Right.
But it's very, it's not as clean.
It's not as, a lot of timesit's just black and white.
I know exactly what you meanand there's something very.
Sure in that absolutely.
We're not here to talk about comicbooks on this show, but I did love,
anyway, we were talking about regrets.
I had all these, I had lugged theseboxes around with me forever and I
was, I'd gotten into my early thirtiesand I was like, you know what?
(06:10):
I'm just gonna give themto somebody who has kids.
And I remember I gave 'em to mybuddy and he had two little boys and.
I said, Hey, whatever happenedto comic, they were literally
strewn across the I had back.
We just torn out.
Classic.
Yeah.
Probably.
It's my wonder regret.
I wish I would've hung on now becauseI would've turned them over to you.
Oh man.
And we would've made a fortune.
Oh man.
Old wet Cheerios.
Stuck to the covers and things.
(06:32):
Yeah.
Coffee stands or whatever.
That's right.
Yes.
I think we could all probably look.
Wax poetically about, oh,if I just had that, yeah.
Captain America number one still,or whatever it was that you Yeah, if
I think about it, there are things,but do I ever actually think about it
other than being asked this question?
No, it's not.
I don't live my life being like, ah,you had met, beat myself, mentioned
(06:53):
I had enough to beat myself up.
I'm very I'm a very fallible person,so I don't need to look very far
back to, to feel like I need toimprove to find the big mistakes.
That's right.
It's funny you mentioned something aboutnostalgia with your kids and there's books
that we read as kids and you read 'emnow and you're like, kids are like, what?
It's it is funny how not onlythat, have you ever read it like
(07:15):
as an adult, any of the older.
And so by old, I'm talkingeighties and before, but really
back in the sixties or earlier.
Not exactly nursery rhymes, butkids stories almost like fate.
Yeah.
Oh yeah.
Grimms.
We have the books of 'em.
Grimms.
Those things, all these onesthat you know about now are like
(07:37):
that you teach your kids now alot of these very known stories.
I'm trying to think of someexamples of stories, I don't know,
Cinderella or Little Red RidingHood or some of these things, right?
You read them back in the fifties andsixties and they are all super dark.
Oh yeah.
Someone is being not justkilled, but tortured eaten.
(07:58):
It's just very graphic andvery you clearly see like a
very distinct cultural idea of.
Men's and women's and children'sroles, which do not necessarily
match up with today's culture.
But a while back, I got one of theseolder things and I was like, I'm gonna
sit down and read these to my kids.
And I started reading one and I'mreading it and I look over and my
(08:20):
wife's just looking at me like.
Are we really doing this right now?
Maybe we need to dial it back a bit.
It's your daughter's gently weeping.
They're asking lots of questions after.
I'm like, did it really this?
And they're like, no,it didn't really happen.
This is a made up story.
A lot of those are German stories too.
And the Germans had a, I think in, yeah.
In the time when a lot of those fableswere written, it was a very dark time.
Oh yeah.
So yeah, it was like rimage fairytales.
(08:41):
So beware.
If you're gonna buy, maybe get, ifif you want to just introduce your
kids to the rough side of the worldin history early on, then feel free.
But otherwise, you may maybeget the Disney adaptation from
Yeah maybe a little prereading.
Maybe go back and look at what you readand I've mentioned this before, but
you read some of that stuff from likethe fifties and forties and it's very
(09:02):
the, they'll be like the colored man.
You're like whoa, what?
Sure.
And you think about what wasgoing on then, obviously,
racially and also the war.
War was happening.
It was either happeningor it was just over.
So we don't have to get into all that.
But all that to say, there's thingsI would change younger to hold
onto, but what we're really wantingto talk about, I think yes, are.
We're gonna talk about.
(09:23):
Thank you for the segue.
That was a great segue, Matt.
Very professional of you,by the way, to take us off.
Mark.
Thanks so much.
I, you know what?
It's just some people haveto work to be professional.
I have to work to be laid back.
Yeah.
It's just, this is I'vealways said that about you.
I've said that about you.
It's like, Hey, justchill out a little bit.
Today we're gonna talk about regret,but we're gonna talk about things
that you've purchased as in your,even in the 20 years you've done
(09:45):
this, something that you bought.
We've often talked about thingsthat we regret not buying.
We're gonna talk about things todaythat we regret actually buying, so that
when you're out there as a reselleror a aftermarket, merchants like we.
You're going to, I don't know where,you're going to the bargain basement,
you're going to the thrift store,you're going to the whatever, the swap.
Mm-hmm.
You see something, you go, Ooh, I reallywant, that's gonna make me a lot of money.
(10:07):
You buy it and you regret it.
We're gonna talk about that today alongwith the things that we sold this week.
So anything you bought that youregret, Matt, I got a surprise.
I've got a surprise as well at the end.
So we'll do this, like you said.
We'll we'll discuss a fewthings that sold, and then I'm
gonna talk about a thing that.
It's new to me that I'm findinghas quite a bit of value.
So I'm gonna introduce that in case thereare people who also don't know about
(10:29):
it, so they can keep a lookout for it.
I'd like to start doing thata little bit more often.
One thing here or there, just tointroduce things and some people be
like, oh yeah I already know that butif you're new to it, maybe you don't.
So that might help.
Yeah.
Right.
I will.
So this disclaimer before I get intothis is that a lot of the stories
I'm gonna tell I'm not saying.
(10:50):
That you shouldn't buy things like thisnecessarily, but just hear the story and
if you can glean some sort of informationthat will help you make a smart decision.
If you encounter these types of things orthese situations, then you can hopefully
learn from my mistakes or my regrets.
Then not have to do that yourself.
I would say that one thingthat I regret earlier on.
(11:13):
Going back a long time ago, I'vebeen selling on eBay since either
90, I think 2000 was the firstthing I ever bought or sold.
And I've had an account thatI've done just very little.
There have been periods whereI've done very little at all and
others that a little bit moreof a standard part-time thing.
But for the longest time, I wouldeither buy things just for me cheaper.
(11:34):
I was like a typical consumer whowas just trying to find something
that was not, it was in decentcondition, but wasn't brand new.
But I got into buying and sellinginstruments really, probably around 13
to 15 years ago, because I enjoy music.
It's a hobby of mine.
I can play a few things, so I would buythem, and this was not big scale people.
(11:58):
This was like if I could find agar guitar for a hundred bucks.
And I'm like, that thing is worth $175.
Mm-hmm.
I'd buy it and I would list it, andthen I would play on it and I would
learn about that brand or that model,and then I'd sell it and make 50 bucks.
And at that time, 50 bucks was fine.
(12:18):
That was not too little or too much.
And then I would take that.
$150 that I have now, and I'dreinvest that in another thing.
Now I buy 150, I canbuy up to $150 guitar.
That's maybe worth two 50.
And then you just keep doing that.
There were a few that I regretbuying back then because I was not
real well versed in that world.
(12:40):
I didn't know how to research thingssuper well, and so there were times
when I bought things and ended upselling them for roughly what I paid.
And that still happens today, but I knowgoing into it that's a possibility or I
intentionally sell it quickly to, to getthe money back, knowing full well that
I could let it sit longer and make more.
(13:00):
That's just a calculation I have todo daily, if not weekly in my job.
So there were some of thosebecause I didn't really make
any money, I just wasted time.
Now you could say that gettingto play on it and use it for a
little while was the benefit there.
And if that's all it was, it's fine.
But that was when I was just doing it.
I wasn't really tryingto make a living at it.
But early on, I would say, I startedthis full-time in 2020 whenever we
(13:24):
had, when the big health crisis hit atthat time, this was before Goodwill,
which everyone probably has heard of.
Goodwills, they're a nationalthrift store company.
They used to put all their jewelry out.
On a wall hanging on withtags or in cases and things.
And so you could go in there toalmost anyone and find jewelry.
(13:47):
And even today, somewhere around 30to 40% of my sales are from jewelry
or things very close to jewelry.
So I would buy a lot ofthings and I discovered.
By watching lots of YouTube channels aboutresellers and what they were buying about
this type of early plastic that was usedin a lot of jewelry called bake alike.
(14:07):
And we've talked about it on here before.
You may or may not know what itis if you're not familiar with it.
It would just look like any othertype of plastic, most likely.
But the more you see it and the moreyou buy it, you get used to the types of
jewelry that they made, the styles thatwere made at that time, and the colors.
And so even today it's not, I'm not ahundred percent perfect, I don't think
(14:28):
anybody is, but I can usually holdtwo or three things and compare them.
And I'm usually right if I say, Ithink if either any of these are
bake light, this is gonna be the one.
And so then if I test itwith it's called polish.
You can buy it a little, it's almostlike a little tube that you could get.
Glue in or something and you justswab it on there, rub it a little
bit, and it changes color, andthen, why would you need to test it?
(14:51):
What does it matter?
Just because Bake a Light was a,is an attractive, people want it.
So there were a lot of differenttypes of early plastics.
There were loose sight and there's Bakea light and there's, and as industry made
advancements they found things that weremore durable, maybe cheaper to produce
easier to work with this and that.
(15:11):
Bakelite has ammonia in it, and soone, if you don't have semi chrome
polish, one thing you can do is justrub it with your thumb a little bit
to warm it up and then smell it.
If it smells like ammonia,it's probably Bakelite.
Now there is a collector base or Bakelite.
Jewelry.
They also made lots of other things,by the way, they made handles of
(15:33):
silverware, they made children's products,even like little radios and radio.
Definitely radios.
Poker chips, dice, there's allkinds of things that they made out
of Bake a light, and it can be liketranslucent, semi translucent or opaque.
It can have swirly colors in it or it canbe plain, but there's a lot of big light
was made out of this like yellowish orangecolor, green reds, blacks and browns.
(15:58):
They're usually solid colors.
Sometimes you can find Bengals thathave like little spots, like little
polka dots and things like that.
Those typically sell for morejust because they're more
unusual and not as many of them.
I feel like bake lifesturdier than modern plastic.
Am I wrong?
I. It feels always heavy duty tome whenever I feel bake alike.
I don't know, actually.
I think that it depends on howit was stored and kept, but I
(16:21):
definitely encountered kindsthat have been somewhat brittle.
So it may depend on the color, likemaybe certain dyes made it more
likely to break down over time.
They will sometimes kind of fog over onthe outside and you have to rub on 'em
to get 'em back to the original color.
But I would buy these and I wouldsell them, and at that time.
Right around the time I became a reseller,a lot of people became resellers.
(16:45):
There was a gigantic surgein the reselling market.
There was a gigantic surge inthe buying and selling of trading
cards like sports cards andPokemon and those kinds of things.
And what naturally happens when a bunchof people get into a particular industry.
Those, you've got a large, not onlya large number of competition now,
(17:09):
but you also have a bunch of peoplelearning about your items, your niche,
and so you've got competition and abunch of more knowledgeable people.
So around that time,couple of things happened.
Number one, goodwill wisedup to the fact that, hey.
eBay's making a lot of money on thisstuff online, for example, and we're just
(17:32):
telling them for a buck or two and weknow people are finding valuable stuff.
Gold, silver bake, alight, otherthings that are like antiques.
So not overnight, but in a shortamount of time they completely
changed part of their sales model.
And now.
This is not a hundred percent becauseI have heard that there are still
some Goodwills out there that willhave jewelry, but by and large
(17:54):
jewelry when it comes in, is justshipped off to another site or other
locations where they do metal testing.
They do testing on gemstones.
They look up stuff to see if it's antiqueor collectible, and then they sell it
on an online, it's called Shop Goodwill.
So they have their own form sort of eBayand something that's really valuable, like
(18:20):
a two karat diamond ring set in platinum.
Those will be set at a price and youeither buy it at the price or not,
but 95 plus percent of their thingsare on auction and they just auction
'em off and you would be surprised.
I see stuff on there selling allthe time for 2, 3, 4 times what
they would sell for on eBay.
(18:40):
They are making way more money.
Then they did, and even more moneythan a lot of their competitors.
So that happened.
So I was not able to source that anymoreunless I found it in a lot of things
that I bought from somebody individuallyor at an antique store, and they didn't
know what it was, or the price was goodenough so I couldn't get it well enough.
(19:00):
Also, I think a result of all thepeople coming in learning about
it, going to buy it, the marketfor that stuff dropped way down.
There's more people who know about it.
More people collecting and orand maybe not many more people
collecting, but more people buying it.
And there's a surge of availability.
Now, the rarity of what's availableto be sold drops way down.
(19:20):
So this was a long story to tell youthat during that time in 2000, 2001,
and even into 2000, or sorry, 20 20,20 21, 20 22, I bought a bunch of this
stuff and I set it up as buy it nows.
Then after a year or so after that,the market dropped significantly.
So now I still have a bunch ofbake a light jewelry sitting
(19:41):
around that, used to, I might beable to get 70 or 80 bucks for it.
I'm lucky if I can get 2025, really,because the market has dropped that much.
So I regret having got all thatstuff, but to be fair, I didn't
know the market was going to change.
Yeah, I was gonna say, how would you know?
I wouldn't.
I think this is a cautionary taleto people out there who look for
(20:04):
certain things when the market ishot, do not expect that the market
is going to stay hot forever.
Mm-hmm.
It is a fluid thing.
It changes and different thingshappening socially, culturally, or
politically or whatever can affectsales markets in specific categories.
So I guess I would say if you getsomething, don't wait around forever.
(20:25):
Don't expect that you're gonnaget that high price forever.
Pay attention and try to get that thingsold within three months, six months,
because you at least are more sureat that point, provided you did your
research and bought it at a good price,you are more likely to be able to get
that price if you sell it quickly.
'cause if you wait now itcould go both ways, right?
It could go up too.
(20:45):
You can't know.
Is there any sources of information youtalked about, research that might help
a reseller out there to determine what'shot and what's not or what's growing.
Similar to the stock market?
Yeah.
When you research things online, youwill, if you will research just on Google.
Let's say you're using Google Lensto find out what something is or
(21:06):
maybe where it's being sold, you'regonna see usually things like.
Auctions, you're gonna get stuff froma worth point and invaluable.com.
And some of these,they're just ridiculous.
You try to click on that and lookat it and you can see the picture,
but they won't let you see what it'ssold for unless you pay some sort of
subscription fee to their website.
Hmm.
So you're like, okay, I struck out there.
(21:28):
You keep looking.
And then you're gonna probablysee some active listings on
places like Etsy or eBay, or.
Comparable sites like that, maybeeven in other countries, you can maybe
look and see what they're asking.
But then I go to eBay andI look at sold listings.
I will look up thatspecific thing in eBay.
Once I've pulled up all the things thatare actively listed, I'll look at sold
(21:50):
items, and then I'll want to see how manywere current are currently available.
Let's say there's 6,000 of thisitem available currently to be sold,
and then you look at what's sold.
You're gonna see how manysold in the last 90 days.
If 4,000 have sold in the last90 days, then that's like a 60,
70%, something like that, sellthrough rate, which is fantastic.
(22:14):
That means there's a strong buyingmarket for that type of item, and
that you have whatever that is,60 to 70% chance of selling yours
within 90 days if you put it up.
In, in with a, at the average price.
So that tells me, and I'll tell youright now, when I, if I go into a
pawn shop or something like thatand I have something that I want to
(22:37):
sell, do you know what they're doingon the computer right behind that?
I can't see.
I've seen it before.
'cause I've been enoughplaces and seen to the side.
They're looking it upon eBay, these places?
Yeah, that's how they research it.
So eBay is actually apretty strong indicator.
Again, it's the highest resale market.
That is out there for any one site.
They have the largest market.
(22:57):
Mm-hmm.
Still.
And so they wanna see what'sit selling for right now.
So I would just encouragepeople to look that way.
That has suited me pretty well.
If it's a very valuable item or aantique thing, that's maybe rare.
There aren't a lot of 'em or collectible.
You may have to take some other steps.
You may have to research further.
You may need to contacta local auction house.
(23:19):
You may even contact a large auction houseor find museums that through research
online have things in their collection.
And then you could send them photosand say is this what I think it is?
Would I'm not asking you to signyour name on a thing, but can I,
could I have any idea the best placethat I should try to sell this at?
Or a value?
And they, depending on who theyare, they may or may not share that.
(23:42):
It's funny I onceinterviewed a art historian.
She's, she actually has this reallygreat online presence and she does, she
talks about the history of art, but Iwas like, man, if you had a source like
that, a person that you could actuallytalk to who, maybe you said, listen,
I'll if you can help me with this, I'llgive you 10% of the sale or whatever.
(24:04):
It seems like that'd be a reallygood source to have as a seller.
It is, it can be you may run intoissues with a person like that who feels
like that offering that or saying thatis, ends up being like a conflict of
interest in some way with their job.
So provided that's not an issue, ormaybe they can do it like off the
record, individually or something.
Yeah.
Like, Hey, if you ever saythis, I'll deny, but that, yeah.
(24:25):
Yeah.
Having ex knowing someone personallywho is an expert in a particular field.
Or who, collects certain types ofthings and will buy, will pay good
money for certain types of things.
That's super valuable if you're a resellerespecially because sometimes you get
things you don't know what they are.
Oh, the other thing I've mentionedbefore and I'll mention again is for
all kinds of collectible items outthere, they're most likely is some sort
(24:48):
of a Facebook group of people who areall on a particular group on Facebook
who are just show sharing information.
Helping people out who are inquiringabout a particular thing, buying
and selling or trading those things.
So I've had really good luck if I getahold of something that either I don't
know what it is or I know what it is, butI'm having a difficult time determining
(25:11):
value, I will get on one of I'll ask tojoin, I'll join the group, and then I'll
make a post with pictures and I'll sayhey I'm just looking for information.
Or I'll say, Hey, I'minterested in selling this.
If you're interested at all to communicateabout it, send me a private message.
I've sold things that way andI've also got obtained a lot
of really valuable information.
So that's another thing.
(25:33):
So eBay is good.
Facebook groups aregood for more specific.
What about Reddit?
I've never really used Redditfor this specific thing.
I usually use Reddit when I have aquestion about something or I'm wanting
to buy something, like a review.
Not old things, but like newer things.
And I want to get peoplewho have actually.
(25:54):
Interacted with the things,impressions or thoughts.
Mm-hmm.
And I'll go and I'll read athread on people's opinions.
It, to me, it's more like theseare opinions, whereas if I go to
a group who specializes or buysthings, they can say, this is what
the market is doing right now.
Yeah.
Because I buy in this market rightnow, and they can say, this one sold
(26:15):
on eBay two months ago for this amount.
That's a fact.
That's not an opinion.
They can show you that, andthat's really what you're wanting.
But you might be able to use Reddit forsomething like inquiring about market
trends, which we're talking about.
What do we think the outlook ison mid-century modern furniture
over the next five to 10 years?
Because it's super hot right now.
Should I jump into that?
(26:36):
Usually it's about a hundred yearsafter something's produced, there
tends to be a spike in societalcultural interest that has to do with
clothing, furniture, style, a lot.
So 1920s into 1930s was and evena little bit later than that
was, you had the art deco period.
You had the art New VO period in thetwenties and into the thirties, and
(26:58):
then you started getting into others.
And those are still popular.
But since it's 20, 25 and fiveyears, we're gonna hit a new decade.
So what was popular in the thirties?
Mm-hmm.
Also spikes in things that were.
Valuable or interesting tochildren in a particular decade?
I'm in my forties now and in the lastfive years really since I was in my late
(27:23):
thirties, early forties, there's been aspike in the resurgence of reissuing the
same types of toys I played with whenI was a kid that I mentioned earlier,
because they know that the demographicwho is at the age that have kids of
those ages now is my demographic.
So they come out with all these toysbecause they know I'm gonna have an
(27:44):
emotional reaction when I see that it'sgonna be I'm gonna feel very nostalgic
for that and I'm gonna want, if it wasa good experience, which most of the
time kids playing with toys is they'regonna want their own children to have
that experience, they can go buy it.
So if, certain trends or certainthings that tend to happen like that.
Year after year or decade afterdecade, you can get ahead of that.
(28:06):
But I could use that as like a, Hey, doyou think that this is gonna stick around?
Is this just a flash in the pan?
Should I invest in some of these things?
Or will the market drop?
I'm not saying you'll getaccurate information, but you'll
at least get opinions from otherpeople that you don't know.
Yeah.
Alright, you regret buyingso much Dang Bakelite.
Boxes and boxes of it.
Any other regrets that you have in termsof things you bought that you're like,
(28:27):
what sound like a great idea at the time?
Yeah, and I spent way too much timeon that particular set of stories.
But no, I think thatwas great information.
Couple other things.
There's one big one, and I'm gonna leavethat to the last story, but I bought
a large vase that was a glass vase Oh.
Maybe two years ago.
It was a, it was an LE Smithvase, which tend to be pretty
(28:49):
collectible if you look that up.
LE Smith on eBay.
And you'll see a ton of these things.
Glass.
I only paid $50 for it, and it was likea 200 $5,300 vase, but the deal is, it
was about two and a half feet tall, oh.
It was a very unusual size andobviously because it's made outta
glass, it's super breakable.
So the thing I learned about,
(29:12):
from this experience.
Let me first finish the story.
I cut myself off.
I did sell it relatively quicklyfor a good amount of money.
It was about $255.
I packaged it up, I shipped it.
FedEx?
Mm Yep.
I'm calling you out, FedEx.
And when I saw the picture, shewas just heartbreaking, shattered
(29:34):
in like a million pieces.
Handled by the FedEx gorillas, they hiregorillas to do all their Yeah, pretty
sure they ran over it a couple times andthen took it up on a 10 story building
and dropped it off for good measure.
And I, I had to refundall that money, mm-hmm.
Not only did I lose the $255 that I earnedfrom that sale I lost the $50 I spent too.
(29:56):
I was gonna make.
200 bucks.
I lost that profit and my investment.
But the regret was the factthat you purchased something
that you probably shouldn't havein terms of the ship ability.
So again, don't hear what I'm not saying.
I'm not saying don't ever buy vases.
Mm-hmm.
I'm not saying don't buy things madeof glass or porcelain or ceramics.
That's not what I'm saying.
(30:17):
But what I am saying is what I learnedfrom this is if I'm gonna buy something
like that, that I know is super breakable.
If you add the element of size to thatas well, it makes it all the more risky.
And also I try to not ship throughFedEx anymore because I've had too
many, I've shipped with them maybe2% of the time and 98% of the time
(30:39):
through the US Postal Service.
But the amount of times I've had packagesdamaged from that 2% is like way more
than I've ever had damage from the USPostal Service, regardless of size.
Or Breakability or Weight.
Wonder why that is.
I think what part of what it is thatI've heard that a large amount of their
(31:01):
processing of packages once they'vebeen scanned in, is automated through
conveyor belt systems and machines.
So if it's heavy and large, that thingmay drop off from a height of a few feet.
And if it's the first one in the bin.
It's just hitting the hard surface, right?
It's possible that the workersare not real gentle also.
But I don't wanna, I have noway of knowing that and so I'm
(31:24):
not even gonna suggest that.
But I suppose it's a possibility nowwhen I buy things that are made of
breakable things, I want them to be assmall as possible because I can pack
more stuff around it and it still staysa smaller and I more things around I.
(31:44):
A big jug that was made by a particularartist or something that could be
worth $2,000 and here it is for 150.
I'm probably gonna bite on thatbecause, I can take extra steps.
I could require them tocome pick it up from me.
I could drive it tothem depending, mm-hmm.
But but that was something I learned isthat there's a certain monetary threshold.
(32:07):
And it's not all that high where I'm justnot gonna, I'm just gonna pass on it.
Yeah.
I probably could make money onit and it's a 50 50 chance that
it'll get there intact, but Idon't want to take that risk now.
Yeah.
That makes, at this stage.
So that's one.
Another one I regret is I reallylike paper ephemera products.
And actually a few things that I sold thatwe'll talk about today are paper ephemera.
(32:27):
But when I was getting into it, Ijust kept getting bigger and bigger.
I was like, oh, why buy onething when I can buy a lot of 10?
Sure.
Why buy a lot of 10 whenI can buy a lot of 75?
Sure.
Why buy 75 when I can buy atote of 50 pounds of mixed
pap antique paper ephemera?
Oh, of course I did that.
I bought three or four tubs.
Probably 250 pounds worth ofantique, various pieces of paper.
(32:53):
Ephemera, what?
What am I talking about?
It could be postcards.
It could be photographs, it couldbe catalogs, it could be pamphlets.
It could be old calling cards, coupons,tickets, trade cards, marriage licenses.
It could be any kindof government document.
(33:14):
It could be old bonds.
Anything you can think of,that's paper that's made out.
Paper.
Something like that.
So the regret I have with thatisn't that I didn't find some cool,
valuable things because I did.
But it was the amount of time thatit took to sort through it Oh yeah.
To individually package it.
The time it takes to photograph thatstuff and measure it, because people want
(33:36):
to know the size, the amount of loss.
So anybody who buys out storage units orantique stores or things like that knows
or you buy in a state, I don't know,everyone has their own calculation, but
it could be as high as 50% or more thatyou know of the items that you're buying.
Will straight up go into the trash.
(33:57):
Mm. They will have no value at all.
Either they're damaged towhere no one will buy 'em.
They're destroyed in some way.
They are missing pieces or components.
They need to be repaired.
You can't do it.
You don't have the parts.
There's all kinds of things.
It's outta style, it'sstained, it's whatever.
It smells bad.
It's books that have a mold in them,which, you don't wanna put even
(34:19):
one book with mold in it in yourlibrary because you're, you could
potentially infect other books.
So that was the samething with this paper.
Ephemera out of a tub of50 pounds I may have had.
Up to 40 pounds of stuffthat was so damaged.
Now this is my own fault becausewhen you buy a lot like that,
you're taking a risk, right?
They're not showingyou every single thing.
(34:39):
They're saying, this is a mix ofstuff that might have some damage.
And then you get, and you're like,actually it was a whole lot, But
shame on me because I took that risk.
It was a risk I knew going into it, right?
So I still love paper ephemera,but I'm not gonna take that risk
as much anymore because of how muchloss I have and how much time it
takes to go through all of that.
So I want to be more choosy on that.
I'm not washing my handswith that category.
(35:01):
I'm just less likely, I'm morelikely to buy a lot of 200
pounds of costume jewelry.
That I haven't seen all of thanI am paper ephemera because even
costume jewelry, I can sell brokenand damaged stuff in lots to people
who do crafting and stuff like that.
Mm-hmm.
So even the worst stuff still canhave a little bit of value, whereas
the worst stuff in the paper itjust needs to be in the trash.
(35:24):
Okay.
So the last one here, and this is alittle bit where, try to speed it up.
No, you can take your time.
I bought out, we got nothing but time.
Matt, nothing but time.
Nothing but time.
So I bought a couple years ago, I bought.
The contents out of an antiquestore that was going outta business.
I won't get into all the details, butbasically what had happened was I saw
a listing on Facebook Marketplace foractually one of those storage buildings,
(35:46):
like an aluminum building, and it had abunch of boxes and different things in
there that antique stuff, vintage items.
They wanted 5,000, let's see.
Yeah, they wanted $5,000 for all of it.
That's a lot of money, but italso looks like a lot of stuff
and I can't tell what's there.
So I make an appointment.
It's about a 45 minutedrive from my house.
I go in and I'm looking aroundand it's not the greatest stuff,
(36:09):
but it definitely has value.
It certainly has more than$5,000 worth of value.
It probably, I could probablydouble my money there, right?
Spend five, make five.
So I look at it and I think,okay, I can get this in just.
One truckload, so I'd need to renta U-Haul or something like that.
They said that they would box a lotof stuff up that wasn't boxed and that
they would even have people on siteto help me load it when I got there.
(36:30):
So I thought, great.
I don't have to pay for any extra work.
They're gonna help me whileI'm there looking around.
And I essentially agreed to buy it.
The lady says, oh, and by the way.
Up here, like this building youpassed was my antique store.
This is the good stuff and I'mgoing outta business and I just
need three grand outta that stuff.
'cause I gotta getoutta here pretty quick.
And I go, okay, let me look at that too.
(36:50):
I go in and it is, it's a lot nicerstuff, but none of it is packaged.
There's a lot of furniture, there'sa lot of large, heavy items.
There's a lot of stuff, butthat one's an even better deal.
I'm like three grand for this could belike 15 to, I may be able to pay eight
grand and make and get 20 back in.
It'll take time, butit's what I do, right?
This is my job.
So I bite, okay, I buy all this stuff.
(37:12):
Oh, I got a bad feeling.
Peaches came down and that guy sweetheartPeaches he helped me for a couple of days.
He helped me load stuff.
I. I had a person who actually lived inmy area who had found my YouTube channel,
and I had ended up meeting him personallyand he offered to come and help me
load some stuff just to be a nice guy.
Nice.
They did box up a bunch of stuff.
(37:33):
They did have people there, butbecause of the extra things, it was
two like 20 foot U-Haul trucks thatI needed to, to move all this stuff.
I had to do it over twodifferent days, so two days.
One day I loaded up a 20 footU-Haul truck with only one other
(37:53):
person to help me unload it.
And it took all day.
We were exhausted, we loaded it all wedrove all the way back to about five
miles from my house and unloaded it.
We went back the next day, samething, loaded up another 20 foot
truck, came back, unloaded it.
So what I didn't tell you was inthe couple of weeks leading up to.
(38:17):
Me actually going andpaying and picking it up.
I realized I needed a bunch ofstorage space that I didn't have,
so I thought, oh, no problem.
I'm just gonna contact a couple ofstorage units, storage facilities,
and get some storage units.
Oh, no.
Guess what?
I found out, even though I don't know,there's gotta be like 50 or more storage
(38:37):
facilities within about a 20 mile or20 minute drive radius from my house.
Not a single one of them had availablestorage units, not a single one.
Every one of them put me on await list and now I'm sweating it
because I've, I verbally committed.
I haven't paid the money yet, but Iverbally committed to buy this, and
(38:58):
I'm like, I've gotta get some storage.
I have to get something.
So not only did I have to call.
20 or 30 places and put my name on there.
But for days I had to makea call again every day.
Hey, did anybody back out?
Hey, I'm still interested.
Hey, can you do it?
I eventually was able to get some andbecause the ones available were not big
(39:21):
ones, they're like, oh yeah, the bigones, the 10 by 20, the 14 by, whatever.
Those people hold ontothose for a long time.
Oh, great.
So people call me, ah, I've gota, I've got a, five by a five by
seven, or I've got an eight by 12.
That's all I could do.
So instead of getting one or two bigstorage facil units, I had to have seven.
So I at two different facilities.
(39:44):
Now they happen to be in thesame pound, luckily, but you can
imagine when I'm unloading a largetruck, you unload a quarter of it.
Okay, that one's filled up.
Lock it up, had to buylocks for all of them.
Drive around the corner.
Open stories, making you sad.
Undo it.
Yeah.
So it was a lot of work, right?
I didn't really think through all of that.
I knew it was gonna be work, but Ididn't fully know it until I got there.
(40:07):
So we buy it all.
I pay $8,000 now.
I have eight different storageunits that I have to make monthly
payments on until the items areout of there and I can close them.
So we're talking anywhere fromlike $75 to $200 a month per one.
All of a sudden now I'm, I've paideight grand, but now I'm like five or
$600 a month monthly payment that Ihave to pay just to store this stuff.
(40:31):
You wanna know how long it takes to asone person to pull out photograph list.
Oh, I just feel sad.
Pack up all of the trash and all ofthe stuff that's not worth selling.
That's in there that I mentioned before.
You know how long?
I don't really know.
It's a long time.
Over the next few monthsI'm paying on storage.
(40:54):
I'm targeting one.
I'm trying to get as much out of oneand finagle and move things around in
others so that when I get down to a smallenough level, I can pull the rest of
that stuff out in just my pickup truck.
Take it to another one.
Put it in.
So now I can get rid ofthis one storage unit.
Ugh.
Okay.
So everyone now, hopefullyeveryone now is like, oh, good.
He makes horrible mistakes too.
(41:16):
And this wasn't even the first year.
This was like two or three years.
I'm like, Hey, I got some extra money.
Yeah, I can buy.
I can buy large lots of things.
I can do this.
Oh my gosh, I'm justvisiting a CA can right now.
Yeah.
Oh.
Not to mention how much gas is that?
How much did it cost me to rent?
Gosh, the U-Haul trucks.
That was a cost.
And you have to pay the centsper mile on top of that.
So for months, I'mselling, I'm downsizing.
(41:37):
Okay.
It's down seven to six.
Okay, six to five, five to four.
I get it down to two storage unitswith a combination of selling things
online also, the other thing that Ididn't really factor in was how much
of the items were too large to ship.
I can't ship freight, so I have furniture,desks, sewing machines, old fans, old
(42:02):
bed frames, racks, all of these things.
Big artwork that I canonly sell locally and.
Getting into heavily trying to sell it onFacebook marketplace, it was like banging
my head against the wall because for everysingle item you want to sell, you're gonna
get somebody who's trying to scam you.
You're gonna get somebody who wantsto pay you $2 for a $200 item.
(42:23):
You're gonna have people who committo going to buy it and don't show up.
All of those crappy things that youcan encounter in this type of work.
So I get down to two units and then.
I get the idea.
Actually, I was talking with someoneat a antique store that I had a
small little glass case of jewelryand small items in that I paid a
(42:44):
monthly at an antique store just tohave another local place to sell it.
They had a big room opening up.
It was like a 14 by 20 room,and I was like, I want that.
'cause my thought is I would rather paythem rent to have my stuff in there.
Because at least stuff's selling.
There'll be an, the idea isenough stuff sells to cover my
rent, and then I make some money.
It's better than just paying to have itstored and getting nothing out of it.
(43:07):
Plus I, all I have todo is the work upfront.
I have to price it, putit in there, I'm done.
If I get depleted, Ijust put more things in.
So that's what I do.
I move out of those units.
I'm outta the units now, but that wasover a year, maybe a year and a half.
Ugh.
And so then I get in there.
Now comes the possibly thesaddest part of the story.
(43:28):
All of that's sad.
Then we had this littlething called Hurricane Helene
come in October, oh my God.
Or September 27th of this lastyear and completely washed
that, building away with it.
All of my items probably had 18grand of inventory in there of value,
like not what I paid for it, right?
I paid eight grand originally.
I'd probably made.
(43:48):
Four or five, six of that back,maybe I'd made the whole eight.
I actually stopped counting becauseI have so many other things I
bought from different places.
Then I lost it all.
End of story.
So what I've learned, so in the end youjust lost money off of that and just a
lot of time I don't think I lost money.
I don't think I lost money.
I actually think I made all themoney back from what I paid for the
items and through the money I earned.
(44:11):
Month to month for, another year.
Mm-hmm.
Of having stuff at that antiquestore, I made enough to make back the
extra expenses that I had for that.
I can't make up my, howmuch is my time worth?
Over those year and a half or two years.
So that's a learning experience.
I'm not saying that it, I'm,again, I'm not saying it's not
good to buy out antique stores.
(44:31):
Not that it's a problem to buy out.
Storage units that are going assignment.
But there's a risk there whenyou buy bulk things that you
don't know what's in there.
'cause a lot of it's gonna be lost.
You need to factor in, doyou have a place to store it?
How much does that place cost?
Do you have a box truck?
If not, how much is itgonna cost to rent one.
Are they available on the datesthat you need them to be available?
(44:51):
Do you have other people to help you work?
Is it all on you?
How long do you think it'sgonna take to sell that stuff?
How much can you sell online?
How much do you have to sell locally?
If you can't sell itlocally, what do you do?
Do you just trash it?
That's also a gas in your vehicleto take it, to dump it, and if you
go to a transfer station or thedump, you gotta pay to dump it.
So there are a lot ofthings to think about.
(45:13):
I'm just gonna be a lot c choosier now.
And even since then, I wannasay I've done large buyouts.
I've bought whole rooms full of stuff.
I've bought gigantic, lots ofthings from it, from state sales.
So I'm still doing it, but it's muchmore calculated now and I want to know.
Approximate amount of what it's gonnacost me just to get the deal done.
(45:35):
The cost of it, the cost of transportingit, the cost of storing it, and I need to
be pretty confident that I can sell themajority of that stuff within six months.
I could tell you right now that Helenand Duluth and Todd and Albuquerque
are both, there's just tears streamingdown their face as they, that story is
just almost crippling when you thinkabout all the work that had to have gone
(45:57):
into that and everything that you did.
We are gonna talk aboutwhat we sold this week.
So we're gonna segue into that.
Folks, just buckle up.
This is just gonna be a longer show thannormal, but we wanna show this stuff.
Yep.
That is a great story.
That is gold, Matt.
That's what we call inthe podcast business.
That's podcast Gold right there, buddy.
Mm-hmm.
So tell me, what did you sell this week?
(46:17):
I'm gonna go quickly becausewe don't have a lot of time.
So one thing I sold was this kindof vintage, Ooh, it's a gravy boat.
So it's connected.
It's got a bottom part.
It's almost like a oval saucer.
And then it's, it was made together,but it's like a blue sort of floral
print with a little bird on the side.
It sold for 24 99.
(46:39):
It was made in Japan.
It was made as a Japaneseexport probably in the 1950s.
And I just wanna show that andtalk about and say this is ugly.
Not a whole lot of people are gonnawant this on their table right now.
This is the kind of thing that youcan still find for three to $5 at.
Restore Goodwills, butthere is value in it.
So even research stuff that you,from time to time, just say, you
(47:00):
know what, I'm almost certain thisis worth nothing, but I'm gonna
spend 15 seconds look it up anyways.
Yeah, because you might surprise yourself.
Another thing, I sold some paper ephemera.
This is a dedication day programfor the first Presbyterian
Church of Hillsborough, Ohio.
Oh, Reverend William McSorley.
Oh, sure.
(47:21):
And this was from May 14th, 1899.
Oh wow.
So it's very old.
It has the sermons and the prayers andthe whole service kind of everything
that happened in the service.
This sold for $20.
So this is the kind of thing you couldbuy in a lot of antique paper ephemera.
And if you have 200 things thatare like this, 200 times 20, like
(47:43):
that could be some good money.
You don't know.
But I've made one thing I'll say aboutpaper ephemera is it's good you can
store a lot of it in a small amountof space, but it's the type of items
that are not gonna sell overnight.
It's gonna be the kind of stuffthat sort of underpins the other
exciting, expensive things you sell.
It's what will keep your businessgoing right, is the smaller items.
(48:06):
So it's nice to have acombination of things.
Another paper of Fera item is, thisis like the cover it's a cover of
an old scrapbook from Victorian era.
It's got a couple of children anda center picture that was hand,
actually it's a trade card that wasstuck on there, like glued on there.
And this has just sincedeteriorated and ripped off.
But inside or on the other side,I have seven different pages
(48:30):
that came from this originally.
And they all have different typesof die cuts and trade cards from the
Victorian era of like women fashionchildren other types of things like that.
And this one, it sold for $38.
If it had been intact,it could have sold for.
(48:50):
Quite a bit more than that.
And people, by the way, sellthese trade cards by themselves
having if they've never been used.
Some people buy these scrapbooksand either use like a hair dryer or
something to heat up the glue andremove them, or they'll just tear
'em out and sell them individually.
You can find thousands and thousands ofold trade cards for sale and certain types
(49:11):
of certain, images sell more than others.
So that's all I'm gonna show you.
Oh, one one other thing, paper ephemera.
Is this paper sold yesterday?
It is a newspaper.
It is from the Las Vegas Review Journal.
Sure.
Nevada's largest andmost complete newspaper.
This is from December 7th, 1973.
(49:31):
It's volume 65, number 2 48.
But the main headline on here says GeraldFord sworn in as US vice president.
So that's what this is about.
There are certain types of newspapersthat can have quite a bit of
value if they're talking aboutmajor events in the United States.
Now, the downside is majorevents were likely covered by.
(49:54):
Almost every newspaper in the country.
How many were made by the New York Times?
Probably a lot.
But how many were made by atiny little newspaper that's
not even in existence anymore.
That might have some value, right?
If we're talking about the moonlanding or Kennedy's assassination
or something like that.
Keep an eye out, this kind of stuff.
I'm selling this on consignment forsomebody and I have three tubs of,
(50:16):
hundreds of newspapers and she was like,I almost hate to ask you to try these
because I would just assume throw 'em out.
But if there's anyvalue put 'em out there.
This sold for $25.
It's just one newspaper.
I've got hundreds of differentmajor events in the United States
from probably the 1940s allthe way up until the eighties.
So again, nothing super exciting.
(50:36):
But these things dosell, people do collect.
Old newspapers and old programs fromchurches that you've never heard of
and they keep your business going.
They do keep my business going.
So we talked about that and we'llsign off with this, but I've been
doing a lot of research on differentYouTube resellers 'cause I'm fascinated
and we're in that sort of moving,not we're in that space big time.
(50:57):
But it's ama like you and I have talkedabout this, Matt, with these people like,
oh, I went to the Goodwill and I foundthis item and I sold it for $40,000.
It's like, no, man.
Most resellers are not selling.
These items before they'reselling them for 25, 20.
That's what keeps you in business.
That's what makes you the side hustle.
That's exactly right.
That's the reality of what it is.
So I'm gonna actually I'm gonna, Ilie because we've taken so much time.
(51:20):
I actually wanna spend moretime on this last item.
So what I'm gonna do is a teaser.
Don't be mad at me.
The teaser is, I'm gonna talk brieflyand show the images of a couple items.
On the next episode, what Ishow them and talk about them
again and tell you about them.
We're doing a cliffhanger.
We're doing a cliffhanger.
So the first one is this little plaque.
It's actually set up, it's framed likeit can go on the wall, and it is an image
(51:43):
of what appears to be portal and little.
Almost like little water bubblesor something in the background.
It's a black background, red coralwith little white bubbles in its frame.
Okay?
And this is a different sizeand shape, but these are.
Thing just in a different form.
These are too small.
(52:04):
They almost are the sizeof a medium sized cameo.
They're oval, yeah.
And on the inside they have depictionsof flowers, very colorful, and they are
inlaid into again, this black backgroundand they feel just like plastic,
maybe slightly heavier than plastic.
These happen to be highlyvaluable and very old.
(52:29):
Anybody who's watching the YouTubevideo and sees these, leave a comment
if you think you know what it is.
Otherwise, I will show and discuss theseand give you more information about 'em.
Ah, this is something I just recentlylearned about and am selling.
The plaque is mine.
I got recently and didn't knowwhat it was until these other
items came in on consignment.
I've done research and wow,you need to know about 'em.
(52:50):
Oh my.
You're killing me, dude.
I, 'cause I know you're not gonna tell me.
There's our cliffhanger folks.
Remember, write that comment.
Tell us what you think it, I have noidea what it is, so I'd be curious
to see if people put it in there.
We definitely check the YouTube channel.
Remember to follow, like,subscribe all our different spots.
Give us information about what you wantto talk about, things, questions you
have, go to the sub, all that stuff.
But otherwise, that is.
(53:11):
All the time we have today.
I'm not even gonna ask forMatt to give us his one.
Don't do the things I did that I regret.
Don't do 'em.
That's his last word.
That's it.
Anyway, we'll see you guys with a brandnew show next week and a new cliffhanger,
so have a great week everybody.
Take care.