"Collectables are kind of weird," he said. Some sell, some don't. The flood of Beanie Babies on the market has affected the price of those auctions.
The small company isn't a replacement for the larger auction market, but it can handle a number of types of auctions. Generally, AuctionDrop will handle items that will sell for at least $75 and weigh under 25 pounds. If an item doesn't sell, AuctionDrop sends it back to the owner.
If an item sells, AuctionDrop keeps a commission of around 36 percent for the first $500 of sales. So far, the company reports a 92 percent completion rate.