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PWCC & PROBSTEIN QUESTIONS

ndfan1ndfan1 Posts: 178 ✭✭
in Trading Cards & Memorabilia Forum

Why are their realized auction prices so much higher than everyone else's ? Seems fishy.

Currently Collecting 1975 Topps Football PSA 9's - 10's

Comments

  • RufussCkingstonRufussCkingston Posts: 1,643 ✭✭✭✭✭
    edited March 25, 2021 2:49PM

    Well, if you could buy the same thing from Joe Blow or Name brand, which one would you pay more for?

    Kinda of like buying a diamond ring at a Beverly Hills jeweler, or from someone in the downtown jewelry district. Same item, but for non-item reasons the price is different and people pay it (not an auction, but reasons are similar).

  • RufussCkingstonRufussCkingston Posts: 1,643 ✭✭✭✭✭

    And then the super crazy prices are a result of FOMO

  • aro67aro67 Posts: 14 ✭

    Check out the number of bid retractions and times a card gets re-listed after "selling". Might give you one of the possible reasons.

  • RufussCkingstonRufussCkingston Posts: 1,643 ✭✭✭✭✭

    @aro67 said:
    Check out the number of bid retractions and times a card gets re-listed after "selling". Might give you one of the possible reasons.

    But as far as I know, re-listings don't affect the original owner. He/she still gets paid out on the first sale. That's PWCC now listing their own card at that point, right?

  • JoeBanzaiJoeBanzai Posts: 11,794 ✭✭✭✭✭

    I'm assuming people bid on their own cards.

    2013,14 and 15 Certificate Award Winner Harmon Killebrew Master Set and Master Topps Set
  • AANVAANV Posts: 338 ✭✭✭

    @RufussCkingston said:

    @aro67 said:
    Check out the number of bid retractions and times a card gets re-listed after "selling". Might give you one of the possible reasons.

    But as far as I know, re-listings don't affect the original owner. He/she still gets paid out on the first sale. That's PWCC now listing their own card at that point, right?

    No, the consignor will only get paid out on a legitimate sale.

  • aro67aro67 Posts: 14 ✭

    @RufussCkingston said:

    @aro67 said:
    Check out the number of bid retractions and times a card gets re-listed after "selling". Might give you one of the possible reasons.

    But as far as I know, re-listings don't affect the original owner. He/she still gets paid out on the first sale. That's PWCC now listing their own card at that point, right?

    I am not saying PWCC or Probstein shill their own auctions and then win the card. If the owner wins the card back they would only pay the commission fees to PWCC and Probstein and then re-auction the card with a new recorded price. When you see the same card listed 3 or 4 times in succession, or 3 bid retractions over $80,000 on a card that sells for $77,000 - I don't think it is name recognition that is getting that price.

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