PWCC Videos and Future Auction

[parkplace33]

Lots of videos on youtube about the PWCC Ebay issue:

https://www.youtube.com/watch?v=Y3EXLzyk4fg

https://www.youtube.com/watch?v=UiAw1yK90FQ

https://www.youtube.com/watch?v=s6WyfSDYiCo

I saw that they will come out with a new platform in October. Does anyone know what cards will be in this October auction?

[bobbyw8469]

Originally Posted by parkplace33

Lots of videos on youtube about the PWCC Ebay issue:

https://www.youtube.com/watch?v=Y3EXLzyk4fg

https://www.youtube.com/watch?v=UiAw1yK90FQ

https://www.youtube.com/watch?v=s6WyfSDYiCo

I saw that they will come out with a new platform in October. Does anyone know what cards will be in this October auction?

I would imagine everything that got shut down last week in a fit of rage.

[jchcollins]

Short of somehow being found massively criminally liable for all the drama of the past 2-3 years (doubtful...) I think this will be at most a blip on PWCC sales / profitability. If they are allowed to continue to have a platform to sell, and they continue to have the goods, then they will sell. Nothing throughout the pandemic of late has done much to prove that anything matters to the vast majority of collectors and investors beyond just...stuff. I could be proven wrong, but if that were going to change in any way, I think it would have already.

[packs]

If you didn't buy from them on eBay you aren't going to buy from them on their own platform either. It won't change the buyer / seller relationship but you also aren't going to reel in anyone trolling eBay who may not know the story behind the seller, who no longer appears on the site.

[Johnny630]

Aren’t most auction houses all sales are final no credit cards accept?

I wonder what would happen if a card was purchased off their platform that was later found to be altered by BODA ?

[Snowman]

Something that I think will be interesting is to see how well the way they run auctions will work with lower valued cards. Nowadays on eBay, most card auctions are won within the final few seconds through snipe bids. eBay might as well be a silent auction site now. It's a totally different ballgame than the way their auctions used to run 10+ years ago. Before, everyone placed their true bids earlier on and you had opportunities to outbid and be outbid all the way through the course of an auction. That aspect is mostly gone now. With PWCC auctions, snipe bids won't be a thing. You can't really place them because of the extended bidding. It'll be interesting to see how this affects hammer prices of $100 to $1000 cards on their platform. I suspect there might be some pretty good bargains that slip through the cracks with some degree of regularity. But I also suspect that we might see larger separation on their platform for disparities between cards with the same grade (e.g., greater separation between a BGS "True Gem Plus" and a BGS "Min Gem"). I think the cards that have aspects like perfect centering on a 10, or really clean crisp autos, or well centered 7s and 8s will see more separation in a setting with extended bidding than they might otherise get on eBay's snipe-heavy platform.

Originally Posted by jchcollins

Short of somehow being found massively criminally liable for all the drama of the past 2-3 years (doubtful...) I think this will be at most a blip on PWCC sales / profitability. If they are allowed to continue to have a platform to sell, and they continue to have the goods, then they will sell. Nothing throughout the pandemic of late has done much to prove that anything matters to the vast majority of collectors and investors beyond just...stuff. I could be proven wrong, but if that were going to change in any way, I think it would have already.

I agree. Unless PWCC blows up in flames for criminal behavior (which seems unlikely at this point, though certainly still possible) then this is likely to only be a temporary setback. PWCC will probably become the most serious competitor to eBay anywhere online. I think this could be a good thing for the hobby. eBay needs some competition. They have an unhealthy monopoly on this market.

Originally Posted by Johnny630

I wonder what would happen if a card was purchased off their platform that was later found to be altered by BODA?

Probably nothing. They might help a buyer to take it up with the grading company if they're lucky? And really, why should they be held responsible? They're a consignment company. That's a pretty big ask to expect them to be responsible for what is essentially regrading and certifying cards that were already graded and certified by professional grading companies.

[mrreality68]

Originally Posted by packs

If you didn't buy from them on eBay you aren't going to buy from them on their own platform either. It won't change the buyer / seller relationship but you also aren't going to reel in anyone trolling eBay who may not know the story behind the seller, who no longer appears on the site.

+1 Agreed

[slightlyrounded]

Originally Posted by packs

If you didn't buy from them on eBay you aren't going to buy from them on their own platform either. It won't change the buyer / seller relationship but you also aren't going to reel in anyone trolling eBay who may not know the story behind the seller, who no longer appears on the site.

I'd wager this is a huge part of PWCCs business.

Also remains to be seen how much of PWCCs client base has email unsubscribes on and push notifications turned off absent eBay.

[taul166]

I suspect that PWCC will quickly launch their own platform, and will not miss much by ebay's termination action. They no doubt have the resources and have their platform in place or ready to go. Others, such as Probstein would probably suffer more if ebay were to take similar action. I am guessing it would take Probstein a lot more time and the investment of resources to stand up their own platform.

[Tabe]

Originally Posted by parkplace33

Lots of videos on youtube about the PWCC Ebay issue:

https://www.youtube.com/watch?v=s6WyfSDYiCo

I just wanted to mention that the guy who made this video - Chris Sewall ("Baseball Card Collector Investor Dealer") is BY FAR my favorite Youtube cards guy. Very laid back yet knowledgeable with a lot of great stories. Highly recommend his channel.

[Arazi4442]

Originally Posted by Tabe

I just wanted to mention that the guy who made this video - Chris Sewall ("Baseball Card Collector Investor Dealer") is BY FAR my favorite Youtube cards guy. Very laid back yet knowledgeable with a lot of great stories. Highly recommend his channel.

Agreed, I’m not the biggest fan of the high rollers and medium roller segments but he has some really good stories and interesting opinions in the library.

[Tabe]

Originally Posted by Arazi4442

Agreed, I’m not the biggest fan of the high rollers and medium roller segments but he has some really good stories and interesting opinions in the library.

I like those videos but I can see they might not be everybody's cup of tea. I just like that he's not yelling at me or acting like a hype man all the time.