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Old 6th Nov 2021, 3:00 pm   #1
playtape
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Default Textstuff - Bad news for buyers?

Hi,

I've heard an advert on the radio for Textstuff.co.uk and it saddens me/makes me angry! They're encouraging people to send their vintage "stuff" to them in exchange for cash.

So what happens to it then? Do the items go to auction? Or scrap?

I'm worried that people with vintage audio/video/computer equipment will no longer use Ebay, Gumtree, etc., meaning that items will not be available to enthusiasts like us.



Angry, from Bristol.
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Old 6th Nov 2021, 3:19 pm   #2
duncanlowe
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Default Re: Textstuff - Bad news for buyers?

It looks like they get sent to auction. Look at Vintage Cash Cow.
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Old 6th Nov 2021, 3:23 pm   #3
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Default Re: Textstuff - Bad news for buyers?

"Hello Sir....what can I do you for".......Nothing new.

Lawrence.
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Old 6th Nov 2021, 3:28 pm   #4
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Default Re: Textstuff - Bad news for buyers?

It's a business, based in Leeds. Seems to be parcel things up, they arrange collection then send you a cash offer. All the usual stuff, but at a one stop place. Eg. Coins, medals, jewellery, toys. Small, valuable items will be their mainstay I imagine. I doubt they will be into specialist items like offering a good price for PX4 etc. Or workshop clearances.
Even if they were, everyone is entitled to do business anyway. I imagine some precious metal items will go for scrap, just like they do already.
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Old 6th Nov 2021, 3:41 pm   #5
factory
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Default Re: Textstuff - Bad news for buyers?

Seems they only want certain stuff, i.e. cameras, clocks, watches and typewriters.
They seem to not want modern electricals (including record players apparently) or large items like furniture.
https://textstuff.uk/full-list/

Don't think we have anything to worry about, as they don't mention radios, TV's or computers.

David
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Old 6th Nov 2021, 3:42 pm   #6
Superscope
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Default Re: Textstuff - Bad news for buyers?

Well, like most on this Forum, the first thing I did after seeing the Link, was to
go there and have a look.

If we take them at face Value, they appear to provide free Shipping and if you
don't like thier offer, they will also send the items back to you FOC.
If that is indeed true, I would say they appear to offer a pretty good service.

The reality is, as has been discussed here on many Threads, it is difficult and
very Time consuming to re-home Vintage Gear, and Trust me I know from
recent Personal experience, it is a real B*** Ache!

Yes, unfortuntely a lot of Stuff will probably end up in Landfill and for sure somebody
in the World might have wanted it had they known.

The reality is though, there are fewer and fewer of us Vintage enthusiasts about,
and we are diminishing by the Day and not being generally replaced.

As I said, if they can be taken at face value, they will likely save a lot of Stuff
that might otherwise just be taken to the Skip.
It's the often small pieces, like Knobs, switches which unfortunately will
likely just be thrown due to the effort involved to research and value them.
But these parts would likely be binned anyway even without "Textstuff"


Just my two pennies worth.



Ian
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Old 6th Nov 2021, 4:31 pm   #7
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Default Re: Textstuff - Bad news for buyers?

Must agree with Superscope. I have bought and recycled more stuff than 99.999% of people, but when my father in law died three large skips of stuff were dumped. I took a little, but the push bikes, golf, fishing, photographic and even MiL tapestries were of no interest to the rest of the family. I even rescued my 1 yard straight edge used to trim some carpet to freshen the house up, that really did annoy.

At least this organisation looks at everything before binning, skip people don't even do that.

My observation is that he is the end of the hoarder generation, in a few years the people who die simply won't have old TVs and similar. Then all the clearance dealers and the associated glory hole shops will all go, since no new stock for them. Will we regret it? No idea, I will be long dead.
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Old 6th Nov 2021, 5:05 pm   #8
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Default Re: Textstuff - Bad news for buyers?

I really don't have a ptroblem with this: if it helps people generate a profit from junk they would otherwise have lobbed into the bin/WEEE-skip/taken-to-the-local-tip then surely that's a good thing?

OK, they _could_ have put their stuff on Ebay/Gumtree/whatever but these days we;re all "time-poor" and the hassle of taking photos, putting up a listing then staying-in-to-wait-for-someone-to-come-and-collect then handling the it's-not-what-you-said-it-was/it-arrived-damaged can easily give a time-cost greater than the pittance the thing-you-sold realised.

Having someone do the hassle-bit, carriage-paid collection - and then paying you - seems a good thing to me. OK, so they take a cut from the deal but so what? That's Business!

If their operation makes money, that's good. It's surely no less of a problem than any other antique-brokers/tat-dealers?

The only way to place a value on junk is by seeing what someone-else is prepared to pay for it.
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Old 6th Nov 2021, 6:23 pm   #9
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Default Re: Textstuff - Bad news for buyers?

What's the problem? if one has a radio that's worth a decent amount of money, sell it yourself. On the other hand these people will take your old 'junk' and give you money for it. It is what it is and for many people (in theory) it's a good service.
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Old 6th Nov 2021, 7:02 pm   #10
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Default Re: Textstuff - Bad news for buyers?

I also heard the textstuff advert on Greatest Hits Radio recently. My first thought was "Where are they re-selling the stuff?" I expect the precious metal items they buy will be melted down for scrap if their retail price is lower than their scrap vailue, but most vintage items are not worth much in terms of raw material, so they will be re-sold elsewhere. I don't actually know where this company sells the things they buy, hence my initial question. They must have some outlets, either online or physical auctions or antique / 'retro' shops.

These sorts of businesses have been going on for decades in one form or another. The basic principle is very simple: they buy things for a fraction of their resale value, then sell them on at a profit. In the past, people used to go round knocking on doors, asking householders if they had any unwanted items to sell. They often targeted the homes of older people who were more likely to have antiques, jewellery and other valuable items, but usually had no idea of what they were really worth. The householder was offered a small amount of money compared to the resale price, but happily accepted because they didn't know any better. The door-knockers typically had antique shops in another town or county where they sold the items for a profit.

There are other online businesses such as MusicMagpie and CEX who specialise in buying and selling modern technological items like CDs, DVDs video games and mobile phones. Their websites allow you to see the 'buy' price as well as the 'sell' price so you can get an idea of the profit they could make on each item. Of course they have costs, too. They have to employ people to sort, store and send out goods. Some items will be returned as faulty and will be written off. But they have such a large turnover that that they still make a profit.

This online vintage stuff buying site is a little different from the aforementioned MusicMagpie and CEX in that it doesn't say in advance how much they pay for anything, nor where the items are sold and for how much. Just like the door-knockers of old, they are clearly aiming it at those who don't know and don't really care what their stuff is really worth, they just want rid of it and will accept almost any amount of money rather than going through the hassle of selling it themselves or simply throwing it in the bin.

On the one hand, this could save some items from landfill which is good. On the other hand, it may push up prices and stop some items going to charity shops or car boot sales where collectors can sometimes find real bargains. We'll have to wait and see what impact this site has on supply and prices.
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Old 6th Nov 2021, 7:16 pm   #11
Cruisin Marine
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Default Re: Textstuff - Bad news for buyers?

I guess it makes a change from the secondhand car movers, there are loads of them advertising on radio now- proves that hardly any new motors are being sold.
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Old 6th Nov 2021, 7:30 pm   #12
hamid_1
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Default Re: Textstuff - Bad news for buyers?

Another thought: I hope they're not turning the vintage items they buy into table lamps or something similar ("upcycling"). There seems to be a lot of that going on right now. A while back I saw a shop in Berkhamsted selling vintage 1950s-60s Metamec clocks with the original movements ripped out and replaced by a cheap made in China quartz movement, just like you'd find in a clock from Poundland. But they were selling the 'retro' clocks for 40-50 each. Such a shame.
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Old 6th Nov 2021, 7:33 pm   #13
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Default Re: Textstuff - Bad news for buyers?

Quote:
but usually had no idea of what they were really worth.
I think that sums it up nicely. We are entering (in?) a situation of hardship where people will be less interested in the actual value and more desperate for whatever cash they're offered. The vulnerable will be the ones to lose out.

I don't begrudge any business the opportunity to make a profit but there should be checks and balances that seem to be lacking. Whats the Latin for the opposite of Caveat Emptor?
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Old 6th Nov 2021, 7:34 pm   #14
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Default Re: Textstuff - Bad news for buyers?

This one site will not be noticed having any effect. If it becomes a national depot business with their own auctions online and with a huge sized customer base, then we might have good reason to be concerned!
Rob
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Old 7th Nov 2021, 8:55 am   #15
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Default Re: Textstuff - Bad news for buyers?

Quote:
Originally Posted by kellys_eye View Post
Whats the Latin for the opposite of Caveat Emptor?
Caveat Venditor

Peter
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Old 7th Nov 2021, 10:11 am   #16
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Default Re: Textstuff - Bad news for buyers?

Stop listening to commercial radio. That way you won't hear adverts that lead to angst 😉

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