PWCC Boggles the Mind. New Auctions

[Bobbycee]

In case you haven't heard, the PWCC website has declared that their regular Monthly auction has gone away to make room for their new Weekly Auction. Now you can bid on cards "every day of the week".

The Weekly Auction now.. get this.. includes a 20% Buyer's Premium on every sale. I don't get it, but them not getting it, makes sense.

[ullmandds]

i like the idea of the 24/7 marketplace...in this day and age...but the 20% bp...I'll pass!

[mrreality68]

I do not like either the 24/7 card auctions or the 20 % BP

But for those that it works for so be it

So I will respectfully pass

[judsonhamlin]

If they only auction 95% of the original card, will they reduce the BP by 5% as well?

[x2drich2000]

If this was any other auction company, would we care or make a big deal of it? and how is this any different than HA's weekly auction that they've been holding for years? 20% is pretty much the hobby norm for BP so no different than what most other companies are doing.

[Snapolit1]

Originally Posted by x2drich2000

If this was any other auction company, would we care or make a big deal of it? and how is this any different than HA's weekly auction that they've been holding for years? 20% is pretty much the hobby norm for BP so no different than what most other companies are doing.

I guess just odd in that all of us know them as an eBay seller where we weren’t charged a premium . When they said they were leaving eBay to create their own marketplace I’d didnt figure they’d be charging a buyers premium. But as Peter says shouldn’t affect a buyer if you plan accordingly.

[Rhotchkiss]

Originally Posted by x2drich2000

If this was any other auction company, would we care or make a big deal of it? and how is this any different than HA's weekly auction that they've been holding for years? 20% is pretty much the hobby norm for BP so no different than what most other companies are doing.

+1. 20% BP is standard; other AHs run weekly auctions; if you don’t like, don’t buy. Frankly, this is a big nothing-burger and hardly “mind-boggling” in my opinion.

[Snapolit1]

Originally Posted by ullmandds

i like the idea of the 24/7 marketplace...in this day and age...but the 20% bp...I'll pass!

24/7 marketplace. Wow. Unprecedented. Sort of like eBay.

[Peter_Spaeth]

People just don't get that the BP is irrelevant except to the consignor. Factor it into what you bid. This has been discussed ad nauseum.