Some love their collection but would sell it off the instant it could pay-off their mortgage.
This has been me the last 3 years. I haven't paid off my mortgage but I did finish my basement. I also upgraded from a crappy bass boat that broke down occasionally to a much newer and nicer one.
I still make small buys but I cannot pass up the gains and continue to sell off my collection. If the market goes back up to the crazy highs of 9 months ago and my Jim Brown PSA 7 rookie goes back into the 15K range it will be sold. I need the down payment for my Hellcat!
Edited to add I did recently buy about 2K worth of CGC graded Infinity Gauntlet comics. I think they are the best of the comic movies and should continue to rise in value. Plus I like Thanos!
Successful coin BST transactions with Gerard and segoja.
Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
@Autos4Alex said:
With PWCC out of the game, who's everyone using for consignments? Probstein the go to guy now?
For non big ticket items I would agree with Probstein.
I would not go as far to say PWCC is out of the game, they have a large following!
The new PWCC monthly auctions will follow the model of their Premier Auction as far as fees........no more seller fees, but instead buyer premiums; of which the seller will receive a percentage.
Think buyer premiums are a non-starter for many EBay buyers. If there is a 20% premium (do not know their percentage) and then presumably sales tax (if you ship to your home) you are looking at $125 to $130 for a $100 bid plus the PWCC shipping fees. If EBay decides to get aggressive with Bucks promotions for a while on trading cards (say 10% promotions that pretty much cover the sales tax) to pull eyes away from PWCC I think they will be successful. PWCC is also planning on extended bidding for regular auctions - which I do not think buyers like - especially on smaller dollar cards.
@brad31 said:
Think buyer premiums are a non-starter for many EBay buyers. If there is a 20% premium (do not know their percentage) and then presumably sales tax (if you ship to your home) you are looking at $125 to $130 for a $100 bid plus the PWCC shipping fees. If EBay decides to get aggressive with Bucks promotions for a while on trading cards (say 10% promotions that pretty much cover the sales tax) to pull eyes away from PWCC I think they will be successful. They are also planning on extended bidding for regular auctions - which I do not think buyers like - especially on smaller dollar cards.
I must admit buyer premiums are a huge turnoff.
If Ebay follows your advice above that would be an excellent promotion and tactic.
Successful coin BST transactions with Gerard and segoja.
Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
@Autos4Alex said:
With PWCC out of the game, who's everyone using for consignments? Probstein the go to guy now?
Too many stories of cards getting lost or horrible customer service from Probstein for me to use them again. I've used both Greg Morris and 4SC and had positive experiences with both. Greg Morris is charging the same rates as PWCC for graded cards.
Greg Morris is charging the same rates as PWCC for graded cards.
Doesn't say that on his website, just says 25%. Plus you have to really hunt to find his Graded Card listings since they are on a separate eBay account and the listings have no visual appeal. You can usually tell his raw card auctions because of the iconic blue background.
@Autos4Alex said:
With PWCC out of the game, who's everyone using for consignments? Probstein the go to guy now?
Too many stories of cards getting lost or horrible customer service from Probstein for me to use them again. I've used both Greg Morris and 4SC and had positive experiences with both. Greg Morris is charging the same rates as PWCC for graded cards.
I've used both Probstein and 4SC extensively. I don't need to repeat the horror stories but I prefer 4SC. I am looking for another consignor since I think listings get lost with 4SC format.
FWIW, I am definitely still having some sold items be shipped out to buyer's addresses at their PWCC vaults. No idea how much or little the vault is receiving now vs. before the PWCC/ebay news; I had guessed that most buyers might take a pause on sending items there and found it notable to still see them listing vault as the ship-to address.
@miwlvrn said:
FWIW, I am definitely still having some sold items be shipped out to buyer's addresses at their PWCC vaults. No idea how much or little the vault is receiving now vs. before the PWCC/ebay news; I had guessed that most buyers might take a pause on sending items there and found it notable to still see them listing vault as the ship-to address.
PWCC has both fans and detractors; it seems to me that most people who are fans will continue to do business and most who are detractors will keep being vocal with neither likely to stop, perhaps even emboldened by the other group.
Curious about the rare, mysterious and beautiful 1951 Wheaties Premium Photos?
@miwlvrn said:
FWIW, I am definitely still having some sold items be shipped out to buyer's addresses at their PWCC vaults. No idea how much or little the vault is receiving now vs. before the PWCC/ebay news; I had guessed that most buyers might take a pause on sending items there and found it notable to still see them listing vault as the ship-to address.
PWCC has both fans and detractors; it seems to me that most people who are fans will continue to do business and most who are detractors will keep being vocal with neither likely to stop, perhaps even emboldened by the other group.
There is another category of vault participants who are foreign buyers and opt to send their items to the vault instead of dealing with international shipping costs and/or restrictions, especially if they are going to resell the items.
@miwlvrn said:
FWIW, I am definitely still having some sold items be shipped out to buyer's addresses at their PWCC vaults. No idea how much or little the vault is receiving now vs. before the PWCC/ebay news; I had guessed that most buyers might take a pause on sending items there and found it notable to still see them listing vault as the ship-to address.
PWCC has both fans and detractors; it seems to me that most people who are fans will continue to do business and most who are detractors will keep being vocal with neither likely to stop, perhaps even emboldened by the other group.
There is another category of vault participants who are foreign buyers and opt to send their items to the vault instead of dealing with international shipping costs and/or restrictions, especially if they are going to resell the items.
Agreed, and those folks probably fall into the ‘fan’ category as a result.
Curious about the rare, mysterious and beautiful 1951 Wheaties Premium Photos?
@miwlvrn said:
FWIW, I am definitely still having some sold items be shipped out to buyer's addresses at their PWCC vaults. No idea how much or little the vault is receiving now vs. before the PWCC/ebay news; I had guessed that most buyers might take a pause on sending items there and found it notable to still see them listing vault as the ship-to address.
PWCC has both fans and detractors; it seems to me that most people who are fans will continue to do business and most who are detractors will keep being vocal with neither likely to stop, perhaps even emboldened by the other group.
There is another category of vault participants who are foreign buyers and opt to send their items to the vault instead of dealing with international shipping costs and/or restrictions, especially if they are going to resell the items.
Agreed, and those folks probably fall into the ‘fan’ category as a result.
@miwlvrn said:
FWIW, I am definitely still having some sold items be shipped out to buyer's addresses at their PWCC vaults. No idea how much or little the vault is receiving now vs. before the PWCC/ebay news; I had guessed that most buyers might take a pause on sending items there and found it notable to still see them listing vault as the ship-to address.
PWCC has both fans and detractors; it seems to me that most people who are fans will continue to do business and most who are detractors will keep being vocal with neither likely to stop, perhaps even emboldened by the other group.
There is another category of vault participants who are foreign buyers and opt to send their items to the vault instead of dealing with international shipping costs and/or restrictions, especially if they are going to resell the items.
Agreed, and those folks probably fall into the ‘fan’ category as a result.
Fair enough
I also think that sometimes we on the board tend to forget that we have enough interest in the hobby to come here and look, learn and listen about cards. The average card collector in the hobby is blissfully unaware of the hobby’s underbelly or scandals and just like cards; graded or otherwise. It has been called the curse of knowledge in other areas and it applies here, too.
I have a friend who is a lifetime collector, much older than me, and had never heard of Heritage, Robert Edward’s or PWCC. His collection is both beautiful and massive in scope and features plenty of graded cards.
We trade scans and chat life; he seemed disinterested in it all.
Just throwing that out there…
Curious about the rare, mysterious and beautiful 1951 Wheaties Premium Photos?
@ElvisP said:
Without reading thru 364 comments can someone give a quick synopsis on what happened with PWCC.
TIA
Basically eBay caught them shill bidding their auctions and suspended them from using their platform at any level.
Wow, I guess we all wondered why they got so much more for their cards. Now we know, Just think of all the peeps that way ovepaid for the card(s) they wanted.
@miwlvrn said:
FWIW, I am definitely still having some sold items be shipped out to buyer's addresses at their PWCC vaults. No idea how much or little the vault is receiving now vs. before the PWCC/ebay news; I had guessed that most buyers might take a pause on sending items there and found it notable to still see them listing vault as the ship-to address.
PWCC has both fans and detractors; it seems to me that most people who are fans will continue to do business and most who are detractors will keep being vocal with neither likely to stop, perhaps even emboldened by the other group.
There is another category of vault participants who are foreign buyers and opt to send their items to the vault instead of dealing with international shipping costs and/or restrictions, especially if they are going to resell the items.
Agreed, and those folks probably fall into the ‘fan’ category as a result.
Fair enough
I also think that sometimes we on the board tend to forget that we have enough interest in the hobby to come here and look, learn and listen about cards. The average card collector in the hobby is blissfully unaware of the hobby’s underbelly or scandals and just like cards; graded or otherwise. It has been called the curse of knowledge in other areas and it applies here, too.
I have a friend who is a lifetime collector, much older than me, and had never heard of Heritage, Robert Edward’s or PWCC. His collection is both beautiful and massive in scope and features plenty of graded cards.
We trade scans and chat life; he seemed disinterested in it all.
Just throwing that out there…
Same here, my buddy is 65 and he has mutiples of complete Topps sets from roughly 65 to 85 and doesn't have a single graded card in his collection. What sucks is he became a Lego nut 10 years ago and we never look at his cards anymore.
Successful coin BST transactions with Gerard and segoja.
Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
@miwlvrn said:
FWIW, I am definitely still having some sold items be shipped out to buyer's addresses at their PWCC vaults. No idea how much or little the vault is receiving now vs. before the PWCC/ebay news; I had guessed that most buyers might take a pause on sending items there and found it notable to still see them listing vault as the ship-to address.
PWCC has both fans and detractors; it seems to me that most people who are fans will continue to do business and most who are detractors will keep being vocal with neither likely to stop, perhaps even emboldened by the other group.
There is another category of vault participants who are foreign buyers and opt to send their items to the vault instead of dealing with international shipping costs and/or restrictions, especially if they are going to resell the items.
Agreed, and those folks probably fall into the ‘fan’ category as a result.
Fair enough
I also think that sometimes we on the board tend to forget that we have enough interest in the hobby to come here and look, learn and listen about cards. The average card collector in the hobby is blissfully unaware of the hobby’s underbelly or scandals and just like cards; graded or otherwise. It has been called the curse of knowledge in other areas and it applies here, too.
I have a friend who is a lifetime collector, much older than me, and had never heard of Heritage, Robert Edward’s or PWCC. His collection is both beautiful and massive in scope and features plenty of graded cards.
We trade scans and chat life; he seemed disinterested in it all.
Just throwing that out there…
Same here, my buddy is 65 and he has mutiples of complete Topps sets from roughly 65 to 85 and doesn't have a single graded card in his collection. What sucks is he became a Lego nut 10 years ago and we never look at his cards anymore.
its crazy what these legos go for now. have a 7 year old that loves them. buddy w a 15 year that told me to make sure i keep the boxes and main pieces. he said if he woulda way back when his kid was 5-7 he’d be able to retire. looked up some of the sets from 10 years ago and he’s right. he coulda.
Well.... from my perspective ~ a couple weeks after this news~ I used PWCC to sell and I also bought from them via Ebay..... now that they are gone ? I think I am done with them.... I am not an auction guy in the least... the buyers premium's always turned me off....My gut feeling is PWCC will come to regret their decision.... but that may not come to fruition until a good period of time passes. I wonder what happens to PWCC in the next 2-4 years.... I spent a healthy sum with them annually and there have to be a slew of collectors in my boat who have my similar "out of sight out of mind" mentality.... I don't see a reason to hunt them down...
i think they would be extremely foolish to attempt to charge a buyers premium for the regular auctions. premier auction? sure. the buyers and consignors are accustomed to that style. for the lower end auction cards, they need to draw customers, not isolate them. and a buyers premium would do just that. i can only imagine the backlash and non-payments theyd get after the very first auction. folks winning cards for $100 would end up getting a bill for $130 after fees, taxes and the bp. obviously the bp would be in the fine print when registering, but 99% of the folks would never know until the bill comes. then consignors would end up not getting paid on low realized prices to begin already, most likely. then it’d be over or at least very hard to back bounce from.
pwcc is definitely going to be fighting an uphill battle drawing consignors and bidders to their format. they better come up with something very savvy to do that and maintain it. maybe an app with auction reminders. i dunno. from what and how quickly this rift escalated, it certainly appears that both gals already have heads down pulling with fists full of hair and are scratching for the eyes. i most certainly wouldnt put it past ebay to counter w some highly advertised selling & buying promotions come october solely for trading cards. either way, itll be fun to watch the mental strategic chess match thats about to unfold. im ready for a vh1 behind the music on this already.
@ElvisP said:
Without reading thru 364 comments can someone give a quick synopsis on what happened with PWCC.
TIA
Basically eBay caught them shill bidding their auctions and suspended them from using their platform at any level.
Wow, I guess we all wondered why they got so much more for their cards. Now we know, Just think of all the peeps that way ovepaid for the card(s) they wanted.
I have bought and sold cards numerous times with PWCC, along with Probstein, 4SC, etc. I’ve never felt I’ve overpaid for a card because I got it for the price I was willing to pay. Personally, I could care less about shill bidding. As long as there are auctions, there will be shill bidding.
@ElvisP said:
Without reading thru 364 comments can someone give a quick synopsis on what happened with PWCC.
TIA
Basically eBay caught them shill bidding their auctions and suspended them from using their platform at any level.
Wow, I guess we all wondered why they got so much more for their cards. Now we know, Just think of all the peeps that way ovepaid for the card(s) they wanted.
I have bought and sold cards numerous times with PWCC, along with Probstein, 4SC, etc. I’ve never felt I’ve overpaid for a card because I got it for the price I was willing to pay. Personally, I could care less about shill bidding. As long as there are auctions, there will be shill bidding.
I guess you figure them getting more for the cards you sold offset the the inflated prices you paid for the cards you wanted. Then again maybe money is no object for you which is great.
@blurryface said:
i think they would be extremely foolish to attempt to charge a buyers premium for the regular auctions. premier auction? sure. the buyers and consignors are accustomed to that style. for the lower end auction cards, they need to draw customers, not isolate them. and a buyers premium would do just that. i can only imagine the backlash and non-payments theyd get after the very first auction. folks winning cards for $100 would end up getting a bill for $130 after fees, taxes and the bp. obviously the bp would be in the fine print when registering, but 99% of the folks would never know until the bill comes. then consignors would end up not getting paid on low realized prices to begin already, most likely. then it’d be over or at least very hard to back bounce from.
pwcc is definitely going to be fighting an uphill battle drawing consignors and bidders to their format. they better come up with something very savvy to do that and maintain it. maybe an app with auction reminders. i dunno. from what and how quickly this rift escalated, it certainly appears that both gals already have heads down pulling with fists full of hair and are scratching for the eyes. i most certainly wouldnt put it past ebay to counter w some highly advertised selling & buying promotions come october solely for trading cards. either way, itll be fun to watch the mental strategic chess match thats about to unfold. im ready for a vh1 behind the music on this already.
One clever thing they’ve done is build the Vault; it seems they have many cards in house already that they have offered people a tax savings on so perhaps they can find a way to leverage that into a sellers premium, of sorts. Regardless, they have plenty of high end card’s stored already whereby they could probably wait for buyers to come to them and take the vigorish on private sales.
Curious about the rare, mysterious and beautiful 1951 Wheaties Premium Photos?
@ElvisP said:
Without reading thru 364 comments can someone give a quick synopsis on what happened with PWCC.
TIA
Basically eBay caught them shill bidding their auctions and suspended them from using their platform at any level.
Wow, I guess we all wondered why they got so
I have bought and sold cards numerous times with PWCC, along with Probstein, 4SC, etc. I’ve never felt I’ve overpaid for a card because I got it for the price I was willing to pay. Personally, I could care less about shill bidding. As long as there are auctions, there will be shill bidding.
I guess you figure them getting more for the cards you sold offset the the inflated prices you paid for the cards you wanted. Then again maybe money is no object for you which is great.
Yeah, it’s a tough call. On the one hand, PWCC did find someway to get me some huge returns on my fixed priced items, those poor buyers never saw it coming. But on the other hand, I did buy a couple of 2018 Heritage Juan Soto PSA 10’s in the mid $80s from PWCC and one from Probstein for a tad over $100. Damn, how much could I have saved had those Soto’s from PWCC not been shilled?
Thank goodness eBay has stepped in and shill bidding is now a thing of the past! 🤪
The 8 and 10 percent eBay Bucks offers did just as much to inflate the realized price of cards as shilling, and no one seems to have ever complained about that.
The eBay bucks offers others have alluded to have a $500 max savings PER user PER quarter. That's not even a tiny threat to cards PWCC will sell on its own platform via "premier" auctions @ $25,000+ cards. That would hardly even save 2% on ONE $25,000 card.
Personally, I will never bid in an auction where a buyers premium is charged. for me, there is no auction house prestigious enough to warrant a fee for the pleasure of purchasing from them. it is foolish.
As far as PWCC goes, I still cannot understand why anyone would want to do business with such people as that. You know, real salt of the earth type people...
@craig44 said:
Personally, I will never bid in an auction where a buyers premium is charged. for me, there is no auction house prestigious enough to warrant a fee for the pleasure of purchasing from them. it is foolish.
As far as PWCC goes, I still cannot understand why anyone would want to do business with such people as that. You know, real salt of the earth type people...
Stuff before Integrity.
>
I don't disagree. But sometimes, the card you've been hunting for forever pops up at PWCC. And it's not the card's fault. Sadly I will still buy from PWCC from time to time if I have to. But I would never consign there. And I hope others feel the same.
@voxels123 said:
The eBay bucks offers others have alluded to have a $500 max savings PER user PER quarter. That's not even a tiny threat to cards PWCC will sell on its own platform via "premier" auctions @ $25,000+ cards. That would hardly even save 2% on ONE $25,000 card.
The eBay Bucks offers allowed those that were qualified to bid on any card, not just those with PWCC, so actually affected prices in a more wide reaching manner across the hobby, and I'd argue even more drastically with the lower end items. The bidders didn't have to actually win the auction to result in the final price to be jacked up over previous high sales (kind of like shillers, right?).
The frequent and repeated offers that went out to the high traffic bidders resulted in just what eBay wanted to happen. Those without offers were forced to bid higher to win, and here's the key - often setting new sales comps for the next similar item that was up for sale...More eBucks offers sent out the next week...wash, rinse, repeat. If you haven't realized that the eBay Bucks offers were more than just minutely responsible for such a hobby-wide run up in prices, you weren't really paying attention.
@craig44 said:
Personally, I will never bid in an auction where a buyers premium is charged. for me, there is no auction house prestigious enough to warrant a fee for the pleasure of purchasing from them. it is foolish.
As far as PWCC goes, I still cannot understand why anyone would want to do business with such people as that. You know, real salt of the earth type people...
Stuff before Integrity.
>
I don't disagree. But sometimes, the card you've been hunting for forever pops up at PWCC. And it's not the card's fault. Sadly I will still buy from PWCC from time to time if I have to. But I would never consign there. And I hope others feel the same.
Being grumpy about a Buyer's Premium makes no sense. You pay it anyway if there's a seller's fee and factor it in when bidding. It's only a semantic distinction.
@professorpuck said:
Being grumpy about a Buyer's Premium makes no sense. You pay it anyway if there's a seller's fee and factor it in when bidding. It's only a semantic distinction.
Could not agree more. It actually hurts the consignor (not the buyer) in most cases because MOST buyers will bid less, knowing the hammer results in an "all-in" price you were willing to pay...and the consignor then receives less for their item. I feel the same way about the "shilling complaints"...I don't condone the practice, but an item that is shilled NEVER sells for more than that buyer was willing to pay for the item. Buyers control how much they are willing to spend.
did i tell you the time when i sent 20 rod carew cards to PWCC and they had this geat idea and put them as one single item or lot and sold for cheap ? (i went on vacation and didn't think they would screw me like this)
or the the time i sent 30 cards and accidentally sent one that belonged to a Master set (it was an OPC and looked like the regular issue one) and asked to retrieve the card and was told NO !, so i had to bid on my own card so i can get it back ?
Well PWCC can go -------) (&^%(&^) _()&)(^&)*( *&%*
@professorpuck said:
Being grumpy about a Buyer's Premium makes no sense. You pay it anyway if there's a seller's fee and factor it in when bidding. It's only a semantic distinction.
Agreed. All auction houses, including a number of very reputable ones like REA, assess a BP to the subtotal. You just factor that into your bid. Not bidding because of a BP is going to really limit your options as a collector. I greatly prefer auction house offerings over the sketchy terrain of ebay at times.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
Is PSA tracking BIN/BO sales occurring directly from the PWCC Marketplace on the PWCC website, for the purposes of including the data on the PSA Completed Auction Prices page? I know of a couple sales on there over the past couple days that I don't see on the PSA auction price site yet. I'm curious to know if this is being compiled or if they won't be tracking this info for comps.
I would consider now to be the safest time to bid on a PWCC auction. The auctions are now on their own website, and they know the FBI is looking in. Also with all the bad press.
It would be absolutely criminally insane to do anything but be absolutely on the up-and-up on these auctions.
Comments
He went to Oregon, got a tattoo
He met a girl out there with a tattoo too
The future was wide open
Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
now youre just being petty. tom petty.
This has been me the last 3 years. I haven't paid off my mortgage but I did finish my basement. I also upgraded from a crappy bass boat that broke down occasionally to a much newer and nicer one.
I still make small buys but I cannot pass up the gains and continue to sell off my collection. If the market goes back up to the crazy highs of 9 months ago and my Jim Brown PSA 7 rookie goes back into the 15K range it will be sold. I need the down payment for my Hellcat!
Edited to add I did recently buy about 2K worth of CGC graded Infinity Gauntlet comics. I think they are the best of the comic movies and should continue to rise in value. Plus I like Thanos!
Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
With PWCC out of the game, who's everyone using for consignments? Probstein the go to guy now?
For non big ticket items I would agree with Probstein.
I would not go as far to say PWCC is out of the game, they have a large following!
Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
The new PWCC monthly auctions will follow the model of their Premier Auction as far as fees........no more seller fees, but instead buyer premiums; of which the seller will receive a percentage.
Think buyer premiums are a non-starter for many EBay buyers. If there is a 20% premium (do not know their percentage) and then presumably sales tax (if you ship to your home) you are looking at $125 to $130 for a $100 bid plus the PWCC shipping fees. If EBay decides to get aggressive with Bucks promotions for a while on trading cards (say 10% promotions that pretty much cover the sales tax) to pull eyes away from PWCC I think they will be successful. PWCC is also planning on extended bidding for regular auctions - which I do not think buyers like - especially on smaller dollar cards.
I must admit buyer premiums are a huge turnoff.
If Ebay follows your advice above that would be an excellent promotion and tactic.
Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
Too many stories of cards getting lost or horrible customer service from Probstein for me to use them again. I've used both Greg Morris and 4SC and had positive experiences with both. Greg Morris is charging the same rates as PWCC for graded cards.
Feels like Greg Morris poised to be HUGE.
"You've gotta be a man to play this game...but you'd better have a lot of little boy in you, too"--Roy Campanella
i believe Greg Morris has a minimum of $1,500 in cards in order for him to take your cards
https://en.wikipedia.org/wiki/List_of_Major_League_Baseball_players_from_Panama
Just saw the following message in the PWCC Header / Banner. Is this going to be their new Auction Platform?
PWCC will be performing maintenance for some exciting database and site improvements from 6-8PM PT
Doesn't say that on his website, just says 25%. Plus you have to really hunt to find his Graded Card listings since they are on a separate eBay account and the listings have no visual appeal. You can usually tell his raw card auctions because of the iconic blue background.
https://www.ebay.com/usr/gmcards2
I've used both Probstein and 4SC extensively. I don't need to repeat the horror stories but I prefer 4SC. I am looking for another consignor since I think listings get lost with 4SC format.
Without reading thru 364 comments can someone give a quick synopsis on what happened with PWCC.
TIA
MULLINS5,1966CUDA,nam812,nightcrawler,OAKESY25,PowderedH2O,relaxed,RonBurgundy,samsgirl214,shagrotn77,swartz1,slantycouch,Statman,Wabittwax
Basically eBay caught them shill bidding their auctions and suspended them from using their platform at any level.
ON ITS WAY TO NEWPORT BEACH, CA 92658
FWIW, I am definitely still having some sold items be shipped out to buyer's addresses at their PWCC vaults. No idea how much or little the vault is receiving now vs. before the PWCC/ebay news; I had guessed that most buyers might take a pause on sending items there and found it notable to still see them listing vault as the ship-to address.
PWCC has both fans and detractors; it seems to me that most people who are fans will continue to do business and most who are detractors will keep being vocal with neither likely to stop, perhaps even emboldened by the other group.
Curious about the rare, mysterious and beautiful 1951 Wheaties Premium Photos?
https://forums.collectors.com/discussion/987963/1951-wheaties-premium-photos-set-registry#latest
There is another category of vault participants who are foreign buyers and opt to send their items to the vault instead of dealing with international shipping costs and/or restrictions, especially if they are going to resell the items.
Agreed, and those folks probably fall into the ‘fan’ category as a result.
Curious about the rare, mysterious and beautiful 1951 Wheaties Premium Photos?
https://forums.collectors.com/discussion/987963/1951-wheaties-premium-photos-set-registry#latest
Fair enough
I also think that sometimes we on the board tend to forget that we have enough interest in the hobby to come here and look, learn and listen about cards. The average card collector in the hobby is blissfully unaware of the hobby’s underbelly or scandals and just like cards; graded or otherwise. It has been called the curse of knowledge in other areas and it applies here, too.
I have a friend who is a lifetime collector, much older than me, and had never heard of Heritage, Robert Edward’s or PWCC. His collection is both beautiful and massive in scope and features plenty of graded cards.
We trade scans and chat life; he seemed disinterested in it all.
Just throwing that out there…
Curious about the rare, mysterious and beautiful 1951 Wheaties Premium Photos?
https://forums.collectors.com/discussion/987963/1951-wheaties-premium-photos-set-registry#latest
Wow, I guess we all wondered why they got so much more for their cards. Now we know, Just think of all the peeps that way ovepaid for the card(s) they wanted.
Same here, my buddy is 65 and he has mutiples of complete Topps sets from roughly 65 to 85 and doesn't have a single graded card in his collection. What sucks is he became a Lego nut 10 years ago and we never look at his cards anymore.
Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
its crazy what these legos go for now. have a 7 year old that loves them. buddy w a 15 year that told me to make sure i keep the boxes and main pieces. he said if he woulda way back when his kid was 5-7 he’d be able to retire. looked up some of the sets from 10 years ago and he’s right. he coulda.
Well.... from my perspective ~ a couple weeks after this news~ I used PWCC to sell and I also bought from them via Ebay..... now that they are gone ? I think I am done with them.... I am not an auction guy in the least... the buyers premium's always turned me off....My gut feeling is PWCC will come to regret their decision.... but that may not come to fruition until a good period of time passes. I wonder what happens to PWCC in the next 2-4 years.... I spent a healthy sum with them annually and there have to be a slew of collectors in my boat who have my similar "out of sight out of mind" mentality.... I don't see a reason to hunt them down...
i think they would be extremely foolish to attempt to charge a buyers premium for the regular auctions. premier auction? sure. the buyers and consignors are accustomed to that style. for the lower end auction cards, they need to draw customers, not isolate them. and a buyers premium would do just that. i can only imagine the backlash and non-payments theyd get after the very first auction. folks winning cards for $100 would end up getting a bill for $130 after fees, taxes and the bp. obviously the bp would be in the fine print when registering, but 99% of the folks would never know until the bill comes. then consignors would end up not getting paid on low realized prices to begin already, most likely. then it’d be over or at least very hard to back bounce from.
pwcc is definitely going to be fighting an uphill battle drawing consignors and bidders to their format. they better come up with something very savvy to do that and maintain it. maybe an app with auction reminders. i dunno. from what and how quickly this rift escalated, it certainly appears that both gals already have heads down pulling with fists full of hair and are scratching for the eyes. i most certainly wouldnt put it past ebay to counter w some highly advertised selling & buying promotions come october solely for trading cards. either way, itll be fun to watch the mental strategic chess match thats about to unfold. im ready for a vh1 behind the music on this already.
I have bought and sold cards numerous times with PWCC, along with Probstein, 4SC, etc. I’ve never felt I’ve overpaid for a card because I got it for the price I was willing to pay. Personally, I could care less about shill bidding. As long as there are auctions, there will be shill bidding.
I guess you figure them getting more for the cards you sold offset the the inflated prices you paid for the cards you wanted. Then again maybe money is no object for you which is great.
One clever thing they’ve done is build the Vault; it seems they have many cards in house already that they have offered people a tax savings on so perhaps they can find a way to leverage that into a sellers premium, of sorts. Regardless, they have plenty of high end card’s stored already whereby they could probably wait for buyers to come to them and take the vigorish on private sales.
Curious about the rare, mysterious and beautiful 1951 Wheaties Premium Photos?
https://forums.collectors.com/discussion/987963/1951-wheaties-premium-photos-set-registry#latest
Yeah, it’s a tough call. On the one hand, PWCC did find someway to get me some huge returns on my fixed priced items, those poor buyers never saw it coming. But on the other hand, I did buy a couple of 2018 Heritage Juan Soto PSA 10’s in the mid $80s from PWCC and one from Probstein for a tad over $100. Damn, how much could I have saved had those Soto’s from PWCC not been shilled?
Thank goodness eBay has stepped in and shill bidding is now a thing of the past! 🤪
The 8 and 10 percent eBay Bucks offers did just as much to inflate the realized price of cards as shilling, and no one seems to have ever complained about that.
The eBay bucks offers others have alluded to have a $500 max savings PER user PER quarter. That's not even a tiny threat to cards PWCC will sell on its own platform via "premier" auctions @ $25,000+ cards. That would hardly even save 2% on ONE $25,000 card.
Personally, I will never bid in an auction where a buyers premium is charged. for me, there is no auction house prestigious enough to warrant a fee for the pleasure of purchasing from them. it is foolish.
As far as PWCC goes, I still cannot understand why anyone would want to do business with such people as that. You know, real salt of the earth type people...
Stuff before Integrity.
George Brett, Roger Clemens and Tommy Brady.
>
I don't disagree. But sometimes, the card you've been hunting for forever pops up at PWCC. And it's not the card's fault. Sadly I will still buy from PWCC from time to time if I have to. But I would never consign there. And I hope others feel the same.
How's everyone feeling about PC Sportscards consignment? They were hot there for a minute and I haven't heard much recently.
The eBay Bucks offers allowed those that were qualified to bid on any card, not just those with PWCC, so actually affected prices in a more wide reaching manner across the hobby, and I'd argue even more drastically with the lower end items. The bidders didn't have to actually win the auction to result in the final price to be jacked up over previous high sales (kind of like shillers, right?).
The frequent and repeated offers that went out to the high traffic bidders resulted in just what eBay wanted to happen. Those without offers were forced to bid higher to win, and here's the key - often setting new sales comps for the next similar item that was up for sale...More eBucks offers sent out the next week...wash, rinse, repeat. If you haven't realized that the eBay Bucks offers were more than just minutely responsible for such a hobby-wide run up in prices, you weren't really paying attention.
I would file this under "Stuff before Integrity"
George Brett, Roger Clemens and Tommy Brady.
Being grumpy about a Buyer's Premium makes no sense. You pay it anyway if there's a seller's fee and factor it in when bidding. It's only a semantic distinction.
Could not agree more. It actually hurts the consignor (not the buyer) in most cases because MOST buyers will bid less, knowing the hammer results in an "all-in" price you were willing to pay...and the consignor then receives less for their item. I feel the same way about the "shilling complaints"...I don't condone the practice, but an item that is shilled NEVER sells for more than that buyer was willing to pay for the item. Buyers control how much they are willing to spend.
IM NOT DOING ANYTHING WITH PWCC.....(period)
https://en.wikipedia.org/wiki/List_of_Major_League_Baseball_players_from_Panama
That’s several periods, actually.
😁
Curious about the rare, mysterious and beautiful 1951 Wheaties Premium Photos?
https://forums.collectors.com/discussion/987963/1951-wheaties-premium-photos-set-registry#latest
did i tell you the time when i sent 20 rod carew cards to PWCC and they had this geat idea and put them as one single item or lot and sold for cheap ? (i went on vacation and didn't think they would screw me like this)
or the the time i sent 30 cards and accidentally sent one that belonged to a Master set (it was an OPC and looked like the regular issue one) and asked to retrieve the card and was told NO !, so i had to bid on my own card so i can get it back ?
Well PWCC can go -------) (&^%(&^) _()&)(^&)*( *&%*
https://en.wikipedia.org/wiki/List_of_Major_League_Baseball_players_from_Panama
I had my vault shipped back to me. Not worth the risk.
Agreed. All auction houses, including a number of very reputable ones like REA, assess a BP to the subtotal. You just factor that into your bid. Not bidding because of a BP is going to really limit your options as a collector. I greatly prefer auction house offerings over the sketchy terrain of ebay at times.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
Is PSA tracking BIN/BO sales occurring directly from the PWCC Marketplace on the PWCC website, for the purposes of including the data on the PSA Completed Auction Prices page? I know of a couple sales on there over the past couple days that I don't see on the PSA auction price site yet. I'm curious to know if this is being compiled or if they won't be tracking this info for comps.
Looks like PWCC just launched its Premier September auction, looks to be a very good auction, about 171 lots.
I will be curious to see what the cards sell for.
Yes, and October they resume their regular "monthly" auctions...
I would consider now to be the safest time to bid on a PWCC auction. The auctions are now on their own website, and they know the FBI is looking in. Also with all the bad press.
It would be absolutely criminally insane to do anything but be absolutely on the up-and-up on these auctions.