Quote:
Originally Posted by Snapolit1
Totally disagree. That's like saying the landlord in town who is ripping everyone off and got caught is going to come out of it stronger than ever after the DA is done subpoenaing them and crawling up their ass with a microscope. I guess if past history means absolutely nothing to people buying cards they will come out stronger.
Bottom line is very few if any of the cards they are selling can't be bought elsewhere.
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One big note here is that PWCC has plenty of competition in several other auction houses. They always seemed to have 'nice stuff', but maybe that was because they were enabling the doctors to bring it to market. If that distinction of having the best stuff goes away, it would be easy for folks to walk away from PWCC. There is nothing to lose. And as soon as the buyers stop buying, the consignors will stop consigning.
PSA on the other hand, has very limited competition and unless another entrant stands up or SGC really steps up their game, that won't change. People have a lot of money on the line with the PSA entombed cards, and folks would lose a lot of money by moving from PSA.
I can see the scenario where PWCC takes a big hit but PSA keeps steam-rolling right along.