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PWCC to Become Fanatics Collect While Fanatics Inks High-End Auction Deal w/Sotheby’s
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Won some stuff on Sunday night from PWCC/Fanatics
& now they have added an additional 2.9% for using a credit card. Over & above their 20% juice & shipping |
Interesting
Also partnered with Sotheby Looking forward to “see” what will be brought this September card auction (Forecasting comments on high fees and shipping) |
Has Brent been seen or heard from?
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Brian |
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The vault is like the batcave to me. |
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Brian |
PWCC to Become Fanatics Collect While Fanatics Inks High-End Auction Deal w/Sotheby’s
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This. They’re taking over a lot of the hobby. |
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Interested to see how this works.
"Later this year, Fanatics Collect will introduce a range of new updates, including peer-to-peer trading, AI-powered concierge services, card scanning and digital collectibles." |
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The only thing shocking about this news in that it took this long for PWCC to rebrand.
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Jumping the shark here IMO. Nobody is paying $200 in shipping for their psa 4 Jordan RC
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I had a few conversations within and outside the hobby on this news. Outside the hobby, I have heard that auction houses outside of Sotheby's are now "Dead". Obviously that is not true. Within the hobby, there is a lot of skepticism as to how targeting cards over $100k would work. Obviously that is a very competitive, relationship driven market, and often times they come at deeply reduced rates. To be honest - and this is just me speculating - if you are Sotheby's, and you are used to commissions much higher than sports cards, are you really going to sell a card at a -10% rate for $100k? And, if you are a collector, do you trust them over the typical sports auction house route? I think it will take years for Sotheby's to establish themselves, and maybe then will they be super competitive. I see this news as nothing - for now - but curious how it looks in a few years.
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“It’s a strategic, long-term decision for the business that will allow us to further enhance and support the broader collector ecosystem,” a Fanatics spokesperson told SC Daily at the time. “PWCC has built a strong business with great tech, a leading marketplace and vault. Bringing them into Fanatics Collectibles will give us the opportunity to further build and strengthen on the foundation that exists today and ultimately deliver a lot of value to our fans/collectors.”
In other words: "We just weren't able to wash the doody smell off of the PWCC brand no matter what we did, so we are gonna relabel it and hope we get the stink out of it that way." I don't blame them for trying to salvage the brand for a year; when you step in dog shit you don't always have to throw away your shoes. |
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brianp(arker)-beme |
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Brian |
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Brian |
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Using the word "ecosystem" to describe a company or its product offerings is, to me, one of the most pretentious forms of corp speak there is. Ugh. Now excuse me as I must return to reaching out to my teams and defining their workstreams and deliverables.
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BuRbankIAN |
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Time for a card. This one passed through PWCC on its way to me. And now in its glorious AA holder.
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