Quote:
Originally Posted by cardsagain74
The liquidity of the new digital marketplace benefits collectibles so, so much. Back in the junk wax era and before, a dealer could have stuff like a 1961 Topps Al Kaline sit in his display forever unless it was highly discounted (especially at small town card shows).
Now, you just auction it off on ebay and get paid what it's worth whenever you want.
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The digital marketplace helps, but to take it to the next level, we need to reduce transaction costs. This will never happen and a little crazy talk, but a page from the stock market, if we can get critical mass in a central repository, then we can reduce storage/transaction costs as a whole, and with a card depository, you don’t have the escrow issues we have right now, which will bypass the 10-20% juice we give to auction houses.
Basically it would be the pwcc vault, with a significantly reduced maintenance fees to scale up, and when an investor wants to sell his card, he can sell it in a marketplace or auction format for a much smaller nominal fee. Say flat fee instead of percentage. The buyer has the right to demand settlement upon purchase and pay shipping, or keep the card in the repository fee free for a year...