Quote:
Originally Posted by conor912
I’d be really surprised if it was close to 60%. Hell, once the dust settles on an AH consignment, a seller is generally lucky to see 2/3 of FMV.
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Maybe so. But in this case it’s PWCC selling through their own channel so not sure they wouldn’t just sell the card with no vig. I don’t know much about the details other than what is on the internet, but I do know that lenders barely take any risk outside of a disaster scenario so I think my originally description is close to accurate/.
Looking at the timeline, my guess is that PWCC’s revenue dropped substantially once they left the EBay platform in 2021. The lending business came a year later and was likely a creative attempt to generate revenue and save the business (as they still had the vault) the market didn’t cooperate - No one was flipping cards anymore, which would have been only people demanding loans. It was actually a brilliant idea, but the market dried up.
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Collecting: T206
Monster #236
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