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Anybody Noticing PWCC weekly auction content and sales $$$'s?
So for about two months now, I have concluded that PWCC has again shot itself in the foot with their constant changing formats....the 20% BP on their weekly auction they recently instilled, along with all the other BS, appears to have taken it's toll on the quality of consignments they have been getting. Seemingly very low quality throughout. Also, I see some bargains even to be found at times. Strange, compared "to the old days" !!!
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( h @ $ e A n + l e y |
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I am not saying I would never bid with them but I haven't in years. I don't think I have looked at more than 2 of their auctions since leaving ebay. I am not a registered member with them...and now if they have a 20% buyers penalty I am very much less likely.
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Leon Luckey |
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I don’t even think to look at their auctions. They have been out of sight, out of mind I guess. |
#5
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Pwcc
Their auctions were huge. Where do you think the consignors went? My guess is a good amount went to Probstein and Greg Morris. Any other ideas?
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Always looking for PSA Graded 1952 Topps: 1-80 PSA 7 81-310 PSA 8 311-407 PSA 6 |
#6
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Their consignors have a multitude of options available these days. Your guess is probably correct, if they're in a hurry.
Last edited by JeremyW; 02-21-2022 at 04:14 PM. |
#7
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Bought from: orioles93, JK, Chstrite, lug-nut, Bartholomew_Bump_Bailey, IgnatiusJReilly, jb67, dbfirstman, DeanH3, wrm, Beck6 Sold to: Sean1125, sayitaintso, IgnatiusJReilly, hockeyhockey, mocean, wondo, Casey2296, Belfast1933, Yoda, Peter_Spaeth, hxcmilkshake, kaddyshack, OhioCardCollector, Gorditadogg, Jay Wolt, ClementeFanOh, JollyElm, EddieZ, 4reals, uyu906 |
#8
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I was shocked to see them tack on a 20% BP to even their run-of-the-mill weekly auctions a little while ago. Really tone-deaf as to their position in the market now.
Their first couple of auctions after leaving eBay featured some weaker prices compared to market, but much less so now. And the BP absolutely kills it. Worst of all, their website format makes browsing the auction almost impossible. Really slow and laborious. Unless you have very narrow tastes and can search for what you want (T206, e.g.), it's just not worth the time and effort. As this probably meets criteria for a critical post, here you go (j@$on B!$pin&) |
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| Private collector, always looking to buy great cards from the good folks on Net54. | WTB: '15 CJ Wagner & WaJo (PSA 2-3) | '33 Sport Kings Babe Ruth (PSA 4-5) | '33 Goudey Ruth #'s 53/144/149 (PSA 4-5) | N162 Kelly,Anson (PSA). T-206 Monster: 520/520 (PSA 4-6) |
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Thanks all Jeff Kuhr https://www.flickr.com/photos/144250058@N05/ Looking for 1920 Heading Home Ruth Cards 1917-20 Felix Mendelssohn Babe Ruth 1921 Frederick Foto Ruth Joe Jackson Cards 1916 Advertising Backs 1910 Old Mills Joe Jackson 1914 Boston Garter Joe Jackson 1915 Cracker Jack Joe Jackson 1911 Pinkerton Joe Jackson Shoeless Joe Jackson Autograph |
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Are they still charging consignors or have they just shifted to an AH model of making their cut from the BP? Either way I don't see why it's a deterrent, just bid 20 percent less, in theory everyone else should be doing the same.
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My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ He is available to do custom drawings in graphite, charcoal and other media. He also sells some of his works as note cards/greeting cards on Etsy under JamesSpaethArt. |
#11
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I have zero stake in the matter, as I don't think I've ever used them for anything, but that's exactly what they are doing. https://www.pwccmarketplace.com/submit Don't know how else an auction house is supposed to make money. You either have a Buyers Premium, or a Consignor's fee, or a combination of both.......there's really no way around that. |
#12
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Remember the last time you discussed this? LOL. Anyway, there are some who play by those rules and others who just want to win and really do not care or even realize they are overpaying. Assuming they are not being run up, they may not in fact even be overpaying just because they paid more and could pay more. The present market is not measured by 20% vigs and sales tax for many who just showed up to the party.
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( h @ $ e A n + l e y |
#13
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As with a lot of things, they made this complicated. As easily as I can describe it, the 20% buyers premium they charge is "shared" with the consignor, depending upon the ending bid amount.
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#14
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I feel like if they kept the initial format coming from eBay like they did for the first couple weekly auctions they could have maybe stood out in an appealing way to the newer generation of buyers.
“Not your grandpa’s auction house, what you bid is what you pay.” Sent from my iPhone using Tapatalk
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Trading! See my Flickr "For Trade" album for what I have and my "About" section for what I'm looking for. https://www.flickr.com/photos/197267578@N07/albums If you want a card, you might not get a deal. If you want a deal, you might not get a card. |
#15
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So if you have a model that charges a combined total of 30% but it's broken down 20% commission 10% BP you will lose consignors that you could get by reversing those numbers. I know it's stupid, but it's true.
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