Vintage casserole dishes appear to be selling for $10,000 on eBay, but an antiques expert says it's bogus
Vintage CorningWare casserole dishes appear to be selling for thousands of dollars on eBay. But CorningWare from the 1970s isn't actually worth that much — it'll fetch $100 to $150 on a good day. Adam Zimmerman of Syl-Lee Antiques told Insider that eBay sellers can manipulate listings to look like they've sold items for higher prices. If an item appears to have sold for a high even number with no bids, it's probably not a legitimate sale, Zimmerman said. Visit Insider's homepage for more stories.
With headlines like "Your grandma's CorningWare could be worth thousands" and "Your vintage CorningWare could be worth up to $10,000," it wouldn't be a surprise if people started rummaging through their cupboards, hoping to get rich quick. Earlier this month, viral articles began circulating on social media about how valuable 1970s Corningware casserole dishes are, citing the fact that they've sold for thousands on eBay. But are those vintage CorningWare dishes actually worth that much? Insider asked Adam Zimmerman of Syl-Lee Antiques to examine eBay listings of CorningWare items that appear to have sold for thousands of dollars. He said there are a few signs that the prices aren't accurate.
Any listing with an even selling price like $6,000 or $4,000 probably didn't sell for that amount, Zimmerman said. Authentic sales are usually uneven numbers due to multiple bidders. If the listing doesn't show that there were any bidders at all, that's another red flag. "I'm pretty sure if you look into it it's all manipulated numbers," he said. "You want to see multiple bids or non-even numbers. If you see a number like $10,000 with 22 bidders it's most likely real. But if it says 'best offer accepted,' you'll never know what the best offer is. " Zimmerman said that's why eBay can be an unreliable source for determining the value of an antique. If a seller lists an item for $6,000, but accepts a "best offer" that's much lower, eBay doesn't share what that offer was — it will still show that the item sold for the price originally listed. "If someone's asking for that number and they take the best offer, you'll never actually know what the offer is," he said. "That's why eBay is tricky. It's a good resource, but people get confused."
He sees this happen a lot at Syl-Lee Antiques. People come in and want to sell their items for the inflated prices they found online, only to discover that they're actually worth much less. "It's a tough thing, I see it all the time," he said. "Everyone went and bought the items trending on eBay, people think they're making investments on things, but it's actually somebody who started a trend that's not actually real." As for your grandmother's CorningWare, Zimmerman said it's not worth anywhere near thousands of dollars. "In this day and age, where a lot of the collectible market is down, CorningWare retails for $100, $150, and that's on a really good day," he said. "I don't know of any Corningware that's worth real money."
Read more: 16 things that are probably hiding in your closet that are now worth a ton 23 people who discovered that their junk was actually worth a fortune The 'Garage Sale Millionaire' shares the big secret to selling used items Join the conversation about this story » NOW WATCH: Behind the scenes with Shepard Smith — the Fox News star who just announced his resignation from the network
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The ultimate guide to earning 6 figures on Poshmark, according to star sellers who've done it and gained boatloads of customers
Poshmark is an online resale marketplace and app designed to make selling clothing an approachable side...Poshmark is an online resale marketplace and app designed to make selling clothing an approachable side hustle. Some Poshmark entrepreneurs have turned their shops into full-time businesses that earn six figures. Business Insider spoke to three sellers who made more than $100,000 in sales on Poshmark. They gave tips for finding the right products, writing listings, setting prices, and gaining customers. Click here for more BI Prime content. All it takes to start a Poshmark business is your phone and an overcrowded closet. The online resale marketplace and app makes it accessible for anyone to buy and sell preowned clothing on their phones. But the most successful entrepreneurs aren't just selling old clothes they've "Marie-Kondoed" from their lives — they've forged relationships with wholesale suppliers, gained thousands of followers, and branched out on their own. Business Insider spoke with three Poshmark sellers, or "Poshers" as they're known in the community, who scaled their shops and earned six figures selling on the app. Shannon Welch shops at thrift stores to resell top brands like Free People and Anthropologie, and made $127,000 in sales last year. Elaine Ratner buys, styles, and sells wholesale clothing and has made $1 million in sales since starting her Poshmark shop and subsequent ecommerce site. Shannon Jean, a former tech-business owner, sells designer handbags on Poshmark, eBay, and Tradesy as just one of his multiple businesses. He said he sold about $500,000 last year and estimated that 70% of those sales came from Poshmark. Here are the nine ways they use the app and their tips for making it a successful full-time business. But before we get started, a few terms to know if you've never used Poshmark before: Posh, is an abbreviation for "Poshmark." Posher, is anyone who creates an account on Poshmark and uses the app. Closet, is a Poshmark seller's online store where they list items for sale. Bundle, is when a seller groups multiple pieces together in one listing. If you have created a successful side-hustle or six-figure business on Poshmark and would like to share your story, please email email@example.com. SEE ALSO: How entrepreneurs use apps like Poshmark to turn side hustles selling clothes into full-time gigs earning 6 figures or more MUST READ: The millennial cofounders of a phone-case startup reveal how they contact and work with 'micro-influencers' on Instagram to hype their products and boost annual sales to $10 million Sell brands that people are searching for When Jean started selling designer handbags, he didn't have any prior knowledge of fashion. So he researched what brands would do well and which styles people would buy. Any time he considers buying a new item or brand from his suppliers, he looks at what's been sold on the platform before. "This is a really emotional purchase for my customer. But for me, it's very data driven," he said. He searches the product by style number or brand and how many have sold in the last 90 days. It helps him set a price and estimate velocity of sales. "If it's selling one bag a month of this brand, I can't buy that bag," he said. "But if they're selling hundreds of them in a month, then I can buy it." Welch said 75% of her closet is Free People, which she said most of her customers are looking for because of the brand's cult following. "Kind of my fault because I just really love that brand, but it also sells really well," she said. Research prices based on similar sold listings It's key to price your listings reasonably on Poshmark — which may be different from other marketplaces or the suggested retail price. The Poshmark community calls this critical step looking for "comps," or comparing a potential piece to ones selling on Poshmark. "So if you pick up an item at the store and you're not sure if you should buy it or not because of the price or the style or whatever, you look it up on Poshmark and see what other people have sold it for," Welch said. Mark up your items to discount them later Poshmark sellers are looking for good deals, especially since so much of the market is resale, vintage, and preworn. Ratner said she marks up most of her clothes. "It gives me room to put it on sale and also make my money back. I have actually not lost any money on Posh," she said. Jean said he typically prices his bags at 56% off the original retail price. "I can maximize my return and still move a good volume of product," he said. His listings can vary, but he's found a sweet spot between $360 to $400 per bag. "If they don't sell, I just start lowering the price," he said. Once an item sells, Poshmark provides a free shipping label and takes 20% of sales $15 or more. For sales under $15, Poshmark charges only a flat rate of $2.95. Good photos are a must, but can be easy to take In order to stand out in the Poshmark feeds, good images are essential. They establish credibility and give your entire closet an overall theme, so it feels like a unique store. But high-quality photos are less about the resolution or technicality and more about the styling and props. Many poshers take well-lit phone selfies or lay the product flat on a clean backdrop. Welch takes all her original photos against a plain white wall in her dining area that gets a lot of natural light. "It does make it look clean, and it makes the actual item pop," she said. And if it's a rainy, cloudy day, she waits for a sunnier day to take the best photos. "I model all on my own items because using stock photos just makes you blend in with the crowd," she said. She sets her iPhone up on a tripod to model an outfit, uses a Bluetooth clicker to snap the right shot, then edits the photo with a filter. Keeping a consistent style maintains the look of her closet that draws her customers. "It's very easy for them to find several things," she said. For the items she can't model — like accessories or clothing that aren't her size, she lays them against on a white background like a brick wall or marble tabletop. Ratner also takes all her photos in the same spot, but her backdrop has a signature style she intentionally incorporated into the minimalist-elegance theme of her closet. She models her pieces in front of a white couch and standing plants that look like they were dipped entirely in white paint. You can catch a glimpse of a glass chandelier hanging in the background of most of her listings. "I'm always selling a complete outfit. It makes it easier for the consumer to visualize themselves in it," she said. Establish a style you'll become known for Poshmark may own the platform you're selling on, but you have control over establishing your own "brand." Maintaining a consistent look and feel to your shop can help you become known for a particular style or product, thus growing your following and boosting sales. "I've treated my closet to a specific customer and ideal," Welch said. "So I know that certain things will sell well and fast and for decent profit." Don't just list anything you can make a quick buck on. If you establish a following for selling certain brands, stick to those brands. If you set yourself apart in the way you style your clothing, don't veer too far from that. Many sellers stand out when they only list what they would wear themselves. Ratner said her customers, who she calls clients, trust her as their own online stylist and often look to the products she posts as a full outfit they want to replicate. "I got to know my clients, I got to know their family, their kids what they do, actually got to know their style, their favorite colors, their sizes," she said. When she lists a new item, she'll tag specific clients she thinks will like it. "I think that's why they keep coming back to me because they feel that not only am I their personal stylist, I'm also a friend they can trust when I'm selling," she said. Quick shipping = customer happiness Today, customer satisfaction is dominated by two-day shipping, thanks to Amazon and the many companies that have followed suit. Now speedy shipping is not only expected, but it's almost a given. Welch ships orders on a daily basis and said that fast delivery keeps her customers satisfied. "I try to keep the communication as open and active as possible to make sure they know what's going on and that they're happy with their item," she said. Bundle several items to save on shipping Bundles on Poshmark are like value packs, offering sellers a way to move more product and appeal to bargain shoppers, similar to a "two for the price of one" discount. The buyer gets a deal and the seller only pays one shipping fee. Welch offers bundles to customers who leave a review on their order. She said these bundles make her customers feel appreciated and more likely to come back. "People really like that they're able to do that so easily in my closet and save them money," she said. Engage with fellow 'Poshers' and tap into community support Sellers say the Poshmark community is incredibly collaborative and friendly — something the founders baked into their ethos when they started the company. "They have these four pillars within the company that really encourage everybody being kind, and being themselves and putting themselves out there," Welch said. Those who are not willing to help others aren't as successful. "The more you're willing to help other people, the more trust you gain within the community and the more people respect you. So you do become more successful in your sales as well," she said. Poshmark even keeps score of how much you promote others. Sellers can become "ambassadors" by sharing at least 5,000 items from other Poshers' closets (essentially like "retweeting" on Twitter) and posting "love notes" (comments or reviews) on listings. Then there's the off-site community. There are countless Poshmark-centric groups on Facebook, where sellers ask for advice about brands that sell and feedback on dealing with customers. The subreddit "/poshmark" has more than 19,000 followers and top discussions cover tips for shipping and questions about coveted vintage items. When Welch first started her Poshmark closet, sales were slow and it worried her. But she turned to other sellers in the Poshmark community on Instagram who encouraged her and told her it was only a slump and things would pick up. "That really was a major turning point in all of this for me, finding other people that were going through the same thing and realizing that it's not just me, I'm not doing something wrong," she said. You get what you put into it Poshmark's appeal is that it can be either a low-lift side-gig to earn some extra cash, or it can become an all-consuming full-time business to make a serious profit. But that doesn't mean it's easy. Ratner said it takes a lot of patience and work. "It takes a lot of time to build something. So I guess the more hours you put into it, the more results that you're going to get," she said. New sellers may be tempted to sell what's making everyone else successful, but Ratner said that's a big mistake. "I hate selling what someone else is selling," she said. "Don't sell what other people are selling. Sell something that is not on the market." It took Jean a year to find the right suppliers for his handbag business — he reached out to people on LinkedIn and Facebook, asked people to coffee, and was persistent until he got some leads. Now Jean has written a book about Poshmark and hosts a weekly small business podcast. When people hand him the excuse that they don't have time to start a business, he passes on his unyielding approach: "Well, do you watch TV? And they go, 'Yeah,' and I say, Well don't watch TV, then you'll have time." If you have created a successful side-hustle or six-figure business on Poshmark and would like to share your story, please email firstname.lastname@example.org.
You can cancel an offer on eBay if you've made a "Best Offer" and want to...You can cancel an offer on eBay if you've made a "Best Offer" and want to retract it within the 48-hour window that the seller has to respond. eBay Best Offers are binding agreements, so your reason for cancelling must fall within one of three acceptable categories for it to be approved. You can cancel a Best Offer if you entered the wrong amount, if the item's description has changed significantly, or if the seller is not responding to your inquiries. Visit Business Insider's homepage for more stories. You can negotiate the price of an item on eBay by submitting a "Best Offer" for items that allow it. When submitting a Best Offer, you enter into a binding agreement to pay for the item at the agreed upon rate if it's accepted by the seller. eBay Best Offers automatically expire after 48 hours if the seller does not accept, and the seller can reject or counter your offer during this time. You can also cancel your offer in these 48 hours if you entered the wrong amount, if the item's description has changed since your offer was submitted, or if the seller is not responding to your inquiries. If your reason for cancelling falls within one of these three categories, you're ready to request cancellation of your offer. Here's how to do it. How to cancel an offer on eBay 1. Navigate to My eBay and select go to Bids/Offers from the dropdown menu. 2. From the Best Offers section, click the View offer details button. 3. A pop-up window will load when you arrive to the offer details page. Click the retract your offer link found under your offer total, which will take you to the Best Offer Cancellation form. 4. From the Best Offer Cancellation form, click continue to begin the cancellation process. Enter your item number in the field provided if it isn't pre-populated. Click continue. 5. Select a reason for cancelling from the dropdown menu provided. You may choose one of three options. Click the Cancel Offer button to save your selection and cancel your eBay Best Offer. Cancelling an eBay Best Offer does not incur a cancellation charge or penalty for the buyer or seller. However, it does count against the total number of offers per item a buyer can submit, which may vary. Some items may also not be eligible for offer cancellation. Related coverage from How To Do Everything: Tech: How to cancel a bid you've made on eBay in 5 steps How to remove a buyer's bid from your listing on eBay How to return an item on eBay if it's defective or damaged, and meets the site's requirements How to contact eBay customer support for any issues with your account SEE ALSO: The best laptops you can buy Join the conversation about this story » NOW WATCH: How autopilot on an airplane works