Quote:
Originally Posted by joshuanip
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...
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The transaction costs are a major issue and often really overlooked (especially during a raging markets), but I can't imagine the logistics of a central depository being feasible for cards. And even if it were, most people like to have big parts of their collection in hand to look at.
I always thought the best chance of solving the problem was simply forums like this becoming huge. If the traffic at places like this got anywhere near even 1/3 to 1/2 of ebay levels, we'd really have something.