As others have pointed out, unsold Buy It Now auctions on eBay are not a measure of worth. If you look at actual completed listings, his items may have been worth $1k-1.2k on eBay. They gave him $700 cash.
However, if he had sold that on eBay, with the recently updated tax law coming into effect this year, he'd be forced to declare it on his taxes. Unless he can prove when he bought those items and how much he paid, he'd be on the hook for short-term capital gains tax (probably ~20%) on the full value of each item. Add on eBay fees, PayPal fees, packaging costs, fuel cost, time investment, and that $700 doesn't sound so bad.
That said, if he was willing to invest the time, he would have been best served just dealing with others locally through something like Facebook Marketplace or groups / forums.
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Re: Random: Video Of Man Trading Rare Retro Items For Zelda: TotK Switch Goes Viral
As others have pointed out, unsold Buy It Now auctions on eBay are not a measure of worth. If you look at actual completed listings, his items may have been worth $1k-1.2k on eBay. They gave him $700 cash.
However, if he had sold that on eBay, with the recently updated tax law coming into effect this year, he'd be forced to declare it on his taxes. Unless he can prove when he bought those items and how much he paid, he'd be on the hook for short-term capital gains tax (probably ~20%) on the full value of each item. Add on eBay fees, PayPal fees, packaging costs, fuel cost, time investment, and that $700 doesn't sound so bad.
That said, if he was willing to invest the time, he would have been best served just dealing with others locally through something like Facebook Marketplace or groups / forums.