Times are a'changin
I think the significant economic downturn that started in 2008 impacted true auction style ending prices. I am sure that left bad taste in many mouths. Sellers were then (and still are) gun shy of getting crushed.
Now, with a much recovered economy, we are seeing better auction prices. If anything, auction prices are very good. I can't speak for others, but I have not won a significant card in a long time - have always been over bid by 1-4 bidders. PWCC and Probstein are not the only true auctions now getting respectable prices - even some little guys auctions I have bid on ended up over what I bid.
But granted, it does take a certain amount of guts to list at $0.99
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