Goldin Vault

[Schlesinj]

Originally Posted by BobC

Not necessarily geared for investors either. Maybe more for for flippers or dealers who can simply have their purchases sent to one of these "vaults", and then just tell them when to put things up for sale/auction. The idea of investing has the potential for holding on to things for quite a while in many cases.

I wonder if the two "vault" operators aren't also assuming a lot of people will use their services to simply get around paying sales taxes on their purchases, and then hope that since these individuals are so cost conscious that instead of asking for their items back at some point to maybe send out to a different seller/AH, they can save on the shipping costs and fuss and risks in handling and just have either PWCC or Goldin handle the subsequent sales/auctions for them. Basically these "vaults" could end up being built-in pipelines for additional consignments to both PWCC and Goldin.

In addition as at some point this will lead to ongoing revenue vs cyclical revenue from one time sales of items. Based on what I briefly read the fees are free for a year or so but will kick in eventually.