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No! Say it ain't so! Anyone remember the "sale" of the signed psa 5 Mantle psa reported....long before the run up for 275k? Literally was 10x the last sale and it had to be "noted" somewhere |
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The world isn't going to cater to your preferences. Here or elsewhere. Not to mention that a large portion of the threads don't touch that topic here anyway. If you don't like the concept, just ignore the ones that do |
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Ive found most people that are "very wealthy" dont want people to know it, and hardly show it off. Sent from my SM-N950U using Tapatalk |
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Somebody says, you're in the wrong thread, my friend You'd better leave |
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Sent from my SM-N950U using Tapatalk |
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"Mama is in the factory making shoes Daddy is in the alley looking for booze And I'm in the kitchen with the tombstone blues." |
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From Highway 61 revisited. |
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Wake me up when a popular card trades more then a thousand times per day. Of course hundreds of transactions can manipulate a card price when that card only trades a thousand times per year. |
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It's a beautiful Mantle I hope you enjoy as long as you hold on to it, and the price you paid is for you to be comfortable with and only you. I find your line of thinking interesting, though perhaps you're underplaying/undervaluing the effect of pump and dump..... It's not just the 'outlier' high price paid for a shilled item that can falsely alter market value for a collectable, but the effect of todays sports forums online and on social media which pile on to the event. When collectors discuss/post their feelings, both positive and negative, but often with a sense of excitement about that result, it fuels many buyers into that FOMO anxiety. So without being completely sure themselves, a buyer who doesn't own a copy of a card they really desire may move out of their comfort zone purely because that FOMO suggests the opportunity may permanently disappear from their affordability or manageability. Only takes 2 or 3 bidders each time, and the ones who are underbidders form the floor at the next auction and tend to bid to AT LEAST where they were on the losing auction, sometimes a little over. Now further collector eyes see multiple auctions reaching a 'new' seemingly authentic bidder level and it resolves in their minds whether the original result was fairly achieved. I understand your overall point, and that is that regardless of the above if collectors are willing to pay a new and inflated price, or fall away after a couple of auctions and the item finds once again it's previous selling point, the collectable is finding a longer term number that is considered it's value. Fair in the way it gets there? Probs not. But same thing happens in property and other assets, and if your pockets are deep enough it only really matters what YOU are willing to pay. You see actors and famous people all the time selling uber expensive property they bought top of market for millions less than they paid, and I rarely feel sorry for them. I own cards I've similarly paid up big time for, especially some modern stuff like Mahomes, and if it falls in to a pit I just accept I was the idiot willing to risk funds for a speculative piece of cardboard. The anger pointed at your posts are unwarranted IMO, presuming you are not acting in bad faith at the behest of the bad actors. No reason as I read it to believe that, so feel free to intellectualize as much as you like I say.:D |
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Also worth pointing out is what card this is. It's a Floyd Mayweather PSA 9 RC. This is the practically the poster child card of the Gen Z flippers/investors/crypto enthusiast type. Alternative sports like boxing, wrestling, tennis, soccer, etc are all the rage with these guys now. And so is keeping their "investments" in a PWCC vault. And they go after the GOATS. This is precisely the type of card I would expect someone like this to buy. I wouldn't even be surprised if the person who paid 11k for that card in Feb at the absolute peak of the market and then panic sold it just 2 months later probably has never even seen a Mayweather fight before in his life. If you think this is abnormal buying and selling behavior, you're simply just out of touch with a pretty significant faction of the market. This truly is "nothing to see here" activity. |
Whatever Travis. Defend away. You could spin a bullet hole through the head I am sure into some ordinary ho hum thing. Talk to me when he's indicted, for now I'm done with this.
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He's being logical (as opposed to the pitchfork wielding mob who considers anything other than vilifying PWCC to be sheer heresy.) |
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Where were all the underbidder from just 2 months earlier ? Keep trying |
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I have read through a few pages of this thread but not all. In the past what concerned me about PWCC was the trimmed graded cards that were making their way through PWCCs auctions. I told myself to avoid them or at least be extremely careful bidding on their auctions. I can also see how shill bidding had occurred, without or without their knowledge. Looking back on my wins in the last two years, only one or two have been in their auctions and because of the relatively low dollar amount, I am not concerned. With them moving off Ebay, I most likely will not follow. I would not be comfortable bidding on their auctions in cards worth more than a couple hundred dollars.
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I'd have a lawyer by now and trying to get my money back from him and let him ream someone else with his fish stories. I wish you all the best and again, my personal apologies for the tough love. Good luck and enjoy your collection anyway you'd like. |
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Akin to the people who would justified bidding on authentic stuff in Coaches Corner auctions (The auctions did have some minor JSA/PSA certed items). Irrelevant to that they were able to avoid fake items, their purchases helped keep Coaches Corner in business. |
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(Why? Because PSA slabbed cards fetch more money.) |
347. Kvetch-22
The principle that the people who bitterly complain the most about PSA’s horrific business practices are the same ones who gladly keep sending in more cards to be graded, because PSA slabs deliver the highest sales prices. See also: “Hegemony Crickets!” - an expression referring to the metaphorical sound of silence as the venerated PSA refuses to ever address even a single one of the countless accusations of malfeasance made against them. |
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My question now is how can ANYONE trust ANYTHING that PSA has graded? It's like all of those old DiMaggio/Williams/Mantle autographs of which 90% were forged. How can you really know which from the 10% were the real ones. |
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Interesting video with a PWCC rep answering questions:
https://www.youtube.com/watch?v=Y3EXLzyk4fg Has Brent made an official statement about the Ebay/PWCC split? |
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https://photos.imageevent.com/exhibi...enan%20CDV.jpg Wish it was all the rage with the new breed; I'd sell my collection into the rise and pay off my mortgage(s). |
What is truly amazing to me (and please ignore if someone already pointed this out) is that a search for PWCC shows TONS of sellers using "PWCC-E" and the like in their titles. I can't believe they are getting away with that.
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Watched the You Tube video. That PWCC rep is such a sanctimonious sack of dung. You'd think PWCC never did anything suspect.
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Who are the other two people besides the pwcc employee ?
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I think I mis-understood what they were doing. If it's just that they bought cards with those stickers, no big thing. I thought they were using PWCC in title as click bait.
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In that video the Pwcc guy said we get 5-10% higher sales because of scans, packing, and shipping methods.
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I would probably rank order the reasons for higher sale prices as follows, with #1, without question, being the primary factor that would explain the majority of the differences we see in sales prices vs the rest of the market.
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Just saw this on Twitter
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"1986 Fleer Michael Jordan PSA 8" "This is a stock image. You will receive a similar card to the one pictured in this listing." |
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https://www.ebay.com/sch/epeco0/m.ht...1&_ipg=&_from= |
PWCC needs to do the following:
a) When the Vault Marketplace opens up next month, try to make sure that prices closely reflect today's market. In other words, stop listing them at '2020 prices,' cause' that just isn't going to work now. b) I will NOT pay a hundred US shipping for a hundred-dollar card! Seriously, WTF! And I'm not paying three-hundred US shipping for a thousand dollar card. They're obviously making profit from shipping and this needs to stop. I've bought all sorts of stuff from Americans over the past twenty years and I know just exactly how much it costs. c) Limit the amount of times someone can bid on a single auction. Anyone bidding ten or fifteen times on the same item should be given the boot. I don't care if the bids are legit and this guy has a hundred-grand in his bank account - no more games. d) Stop doing business with known card doctors. I don't know what kind of relationship Moser has or had with Brent, but PWCC needs to distance themselves from guys like him. |
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Does anyone have an idea of what the maximum amount of time the FBI might spend would be before bringing charges in a case like the PWCC/PSA/BGS/Probstein/eBay card trimmers and shill bidding scandal?
Also, when did it start? Wasn't it about 3 years ago now? At some point, we should get to close the door on whether or not PWCC was engaged in illegal activities. If they were/are guilty of what their detractors claim, then Brent, and likely others, will be charged with crimes. At some point we no longer have to guess whether it not they were engaged in illegal activity. We'll know, because we know the FBI looked into it. If charges are brought against PWCC and/or its owners, then I think it's likely that this ebay email cutting ties with them has something to do with it. However, on the other hand, if charges are not brought against PWCC within the next 6 months? 1 year? 2 years? Then it would be safe to assume that the detractors were wrong all along and that ebay's email likely was defamatory and an attempt to tarnish the reputation of a competitor. I honestly don't know which direction I'd lean here in terms of who is and isn't guilty and what they might be guilty of. I wouldn't be surprised be either outcome (PWCC collapsing and Brent ending up behind bars or PWCC/PSA/BGS/Probstein all being exonerated). But being 3 years into this with still no charges being brought at all? That's not looking good for the haters. And with every day that passes, it looks less and less likely that they were right. How much time is left in the hourglass of this investigation? When I think about other recent FBI investigations that have been in the news, they were all wrapped up in much sooner than this one and multiple charges were brought against people at different points in time throughout the course of those investigations. Yet we still have no charges from this investigation. Could it be that it was delayed because of the pandemic perhaps? Maybe it's now just heating back up again and that's why ebay cut ties with PWCC? How much longer do we give this? At some point we either need to see some charges or we need to see some apologies. If there are still no charges by this time next year, I think I'll be pretty firmly in the "they're not guilty" camp. I think 4 years seems like it should be enough time to make that conclusion, but I don't really know. That's just a guess. Maybe these things can take 7+ years for all I know. But it sure seems unlikely to me. |
There seems to be two conflicting arguments that have arisen in this issue. One is that eBay is so huge (and they are huge) is that eBay would not miss PWCC's business, and because PWCC's business is so inconsequential to eBay, they would kick them off of eBay out of spite, in an attempt to harm a future competitor.
If PWCC's business is such a small thing to eBay, why would they bother ? Why would they see them as a threat to be concerned with ? As far as competition, almost every major card seller sells on eBay. They also sell from their websites, and some even have their own auction sites. Clean Sweep Auctions and Kevin Savage come to mind. Why doesn't eBay mind this competition ? The fact that eBay gave PWCC a sweetheart deal, only taking a one to three percent commission (as has recently been learned), definitely makes you think that eBay valued PWCC's business. So back to my original feeling, there is something more going on here. |
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https://www.justice.gov/usao-ma/pr/s...rgeting-natick |
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Anyone remember when the Mastro "list" came out and people saw what items they were shilled on. That was a day! |
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Yes, you read right. We're all grown men here - not schoolchildren. Why do we need to bid ten times or more? Hmmm, let's see ... 350 ... 400 ... hehehe ... 425 ... 450 ... oh dear ... 475 ... 499 ... 501 ... hohoho ... A person bidding like that is either a) not serious about the item or b) shilling it up! Limiting the number of times an individual can bid on a particular item is a great idea and all the major auction houses should consider it! |
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In other instances, I might not feel comfortable leaving max bids. Trust in an AH's bidding integrity is something earned over time, and unless and until I have developed that trust I do not leave max bids. |
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Do you really think eBay put out the statement they did without having it vetted by their legal team and having ironclad proof? |
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Not taking sides here, but have you read the link just a few posts up? Higher ups and "Fixers" in Ebay have sent bloody pigs masks, cyber-stalked, surveilled, and essentially terrorized tech bloggers who have been critical of them. They aren't known for making sound legal decisions to begin with. Billion dollar companies don't have to be quite as careful as the rest of us. Especially when all the highest executives have giant golden parachutes written into their contracts, should things somehow blow up on them. Ebay says: "Are we protected?" Legal team says: "Sure, just show us the money!" |
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It's hard to legislate honesty.
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I saw one other person already responded to your post stating they have at times made multiple bids on auctions, and for exactly the same reason I'm assuming you are concerned with, shill bidding. So are people that do that type of bidding so they don't get stuck leaving a secret max bid out there for some shill bidder to run up wrong? And if so, please tell me exactly what they are supposed to do then. Since auction houses have things like extended bidding, you normally can't just set a snipe bid and forget about it. And the way a lot of these extended bidding periods are set up, they continue on till only one person is still standing. I have gotten into a back and forth in extended bidding periods myself, and at times have only wanted to go one increment at a time so as to hopefully outlast the other bidder without going higher than I have to. During such times things can change also if another lot suddenly went out of reach so I now have more to spend on a lot than originally planned. Or I end up winning a lot I didn't expect to, and so have less money than I anticipated to have and am thus thankful I just didn't put in a secret max bid on the lot I was going bid increment by bid increment on. And the same circumstances can happen with the person you are bidding against, which may suddenly cause them to drop out of a back and forth bidding war and allow you to get something for less than you would have had to pay otherwise. So you stated what you don't approve of, numerous multiple bids, which I assume is an issue to you in combating shilling. So if that isn't okay, please explain to me how limiting the number of times a person can bid on a particular AH item will actually stop shill bidding. If the number of times someone could bid on an auction item were limited, I would assume someone shilling an auction would simply run the bidding up to where they wanted in fewer bids going forward. So you haven't really stopped the shilling, but you've now succeeded in limiting legit bidders to how often they can bid, potentially costing consignors and AHs money as I said earlier. And if it turns out you aren't really concerned about shill bidding at all, do you really just dislike the way some legit people bid? If so, would really like to hear from someone who owns/works for an AH to get their perspective on limiting how many times someone can legitimately bid on an auction lot. And calling people schoolchildren because you personally don't like their legit auction bidding habits is a bit harsh, don't you think? |
I always thought there was a psychological angle to bidding 20 times just to slightly increase your max bid. I always thought it was a tactic people used to try to scare others off by making them think the lot has a a lot of competition.
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An example of "spinning" a debate regarding fraud in this hobby would be if someone were to say that a card wasn't "trimmed" but rather it was "professionally restored by a curator to its original intended state". That would be "spin". I have done nothing of the sort in this debate. What I did was equivalent to saying, "no, that card is not trimmed and I can prove it" followed by a link to a YouTube video where the card in question was pulled in its current condition straight from the pack. Your claim about the Mayweather card is false. I disproved your claim with data from all commensurate sales of this card which clearly show that the hammer prices of the auctions in question were all perfectly in line with the market and other commensurate sales of that time. You can't just call that "spin". You can say, "Oh, my mistake. I was wrong about this card." You can even follow that up with, "but it doesn't change my mind about PWCC" or something similar. That would be a perfectly reasonable position to hold. But you can't discard the evidence that disproves your claim and then recast it as "spin" without looking unreasonable. |
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To this revised version of your question, I would answer yes. Emphatically, yes (although it was certainly also reviewed by their legal team first). I used to live and work only a few blocks from ebay's headquarters. I have several friends who are either current or former employees of eBay. They've also been actively trying to recruit me for years. I've heard many stories from numerous different departments at eBay, all of which shed light on them having a cutthroat corporate culture that I want no part of. An email blast like this is precisely the type of calculated move I would expect from them in an effort to damage their competition. But that doesn't mean this is in fact what happened or that I even believe this to be what happened here. I don't know what went down in this instance. I have no insider knowledge of this particular situation. I'm just saying they are certainly capable of it. And IF the "individuals associated with PWCC" merely refers to people who consigned with them, then I would have a serious issue with ebay sending out this email and would definitely consider it to be defamatory. |
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Showing that those listed (assumed) sales were around current market prices does not prove your point. Though most of us were not disputing that as part of the "suspicious" argument anyway. Some of us feel that (given how people hate to take any losses, and especially quick ones) that it's odd that anyone would continue to sell that particular Mayweather when they did. Especially with a company that has no qualms about being pretty slimy. You disagree and feel that it was simply people panicking. These are not objective matters, and you're inaccurately trying to make them so and ignoring a key opposing point to falsely "prove" what you want to assume |
Still trying
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