Quote:
Originally Posted by Johnny630
I wonder How many people have called to get their cards out of the Pwcc vault?
Optics Look Bad for them very bad…don’t know how well they’re gonna compete with Other Major AH’s that have their own stand alone platforms.
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For sure, there's a run on the vault right now. They're definitely panicking.
Their success or failure will all be determined by how smoothly their upcoming weekly auctions run on their own platform. I'm guessing it'll be slow at first but that the hammer prices will still be strong for the vast majority of items. And if their rates are friendly enough to consignors, then they could easily steal a TON of business from ebay. Sellers just want top dollar for their items, reasonable fees, and relatively quick turnaround times. The market as a whole doesn't care about all this drama. They will overlook it in a second if PWCC provides a better selling experience in the end. If PWCC yours to get greedy though, charging something like 11% to compete against ebay's 12%, then they might jump the shark. But if they play it smart, assuming they're not actually guilty of ebay's shill bidding claims, then I think they'll come out ahead. Time will tell. Stay tuned...