It is Sickening how badly PWCC Shill Bids!

[cardcountry]

Originally Posted by ruth-gehrig

What auction house is aware of your max bid price?

It wasn’t a max bid. It was a straight bid. The opening bid was like $5,000 but I bid a straight bid of $25000. It was a card that would likely end around there that I really wanted to win. Didn’t end up winning though.

Jeff

[jmb]

A couple months ago I listed a PSA1.5 #149 Ruth on the BST for $1800 shipped. Didn't get a single PM on it. Sent it to PWCC to sell for me and it ended around $2300 or so and I ended up getting about $2100 from PWCC. No shilling was involved.

[mechanicalman]

Originally Posted by ullmandds

you may be the only one who find this funny! you and maybe jerry seinfeld who loves to overpay for things.

His story referenced that he big strong and early, not that he overpayed.

[ullmandds]

Originally Posted by mechanicalman

His story referenced that he big strong and early, not that he overpayed.

I stand corrected sam

[Aquarian Sports Cards]

Originally Posted by ruth-gehrig

What auction house is aware of your max bid price?

yeah, yikes

[Dpeck100]

Originally Posted by cardcountry

Sometimes when I really want to win a card, I will bid high right at the start in hopes of discouraging others from getting in on it. Idk if it works, but I’ve done it, even with pwcc. In fact, one time I bid so high with my first bid that the auction house (not an eBay seller) called and asked if I made a mistake. Lol.

Jeff

OMG a hobby vet that doesn't snipe for every bid they place. LOL

What is wrong with you??? Haha

I have done this many times with great results. I take heat every time I say it but the most risky bid of all is the nuclear snipe because everyone is hip to the idea that the most serious bids generally come at the end and so consignors can more easily fit in with a final snipe bid to protect their item.

On a side note I was typing this first part up and took a call from a client and we ended up discussing an EBAY item he wanted to win and he said I might just bid right now and try and bomb them into submission before the end. Haha.

[cardcountry]

Yep! It's just my way of trying to narrow the bidding pool. If someone sees the item already has a high bid, they may be more likely to pass on by. But if they see a bargain, they'll likely bid or set a snipe (if its eBay).

[Exhibitman]

Originally Posted by cardcountry

Sometimes when I really want to win a card, I will bid high right at the start in hopes of discouraging others from getting in on it. Idk if it works, but I’ve done it, even with pwcc. In fact, one time I bid so high with my first bid that the auction house (not an eBay seller) called and asked if I made a mistake. Lol.

Jeff

I've done this with an AH that allows bidding to jump to specific levels. IMO there are certain price points that if you occupy that level it can discourage additional bidding. I've found that to be especially true when the bid increments change as the price goes up. I am not sure how well that works with eBay since you can't jump levels. Besides, I just get too annoyed watching the weevils bore away at my maximum price if I go all-in on eBay with an early bid. I'd rather snipe what I want to spend and take my chances. FWIW, I would never leave a scorched earth bid with PWCC, even on a snipe, due to all of the shilling allegations and activity reported on this and other boards.

Oh, and just so I won't get criticized for not condemning shilling: shilling sucks and shill bidders should be castrated with dull butter knives dipped in battery acid.

[Dpeck100]

Originally Posted by cardcountry

Yep! It's just my way of trying to narrow the bidding pool. If someone sees the item already has a high bid, they may be more likely to pass on by. But if they see a bargain, they'll likely bid or set a snipe (if its eBay).

I only use one Ebay ID and it is very easy to figure out who people are based on the feedback number and so if they realize it is someone serious that can help too.

[Throttlesteer]

I don't think it's ok for major auction houses to shill. But again, I can always vote with my wallet. I don't feel like I've had any of my PWCC purchases artificially inflated. Maybe I'm not bidding on the super high-dollar stuff either.

So, my question is.....if a company is obviously shilling, is the purpose of this thread to:

1. inform members to be careful when bidding on items from PWCC
2. put a sour taste in everyone's mouth about PWCC to eliminate some of the competition
3. hope someone feels empowered enough and thinks there's a case to actually go after PWCC directly

Not trying to stir the pot. I'm just curious at what point we write off all companies due to a post that ends up getting smeared all over the board. Are there any reputable auction houses that haven't had any questionable transactions?

[x2drich2000]

I definitely put in large opening bids to reduce my competition on lots I really want with the AHs that allow you to put in a straight bid. To me it is simply a strategy to eliminate people who might be looking for a bargain or where it might not be their top priority.

As a side question, with the AHs that do not allow you to put in straight bids (Heritage, REA for instance), would you consider it unethical to have a friend (not the consignor!) who has no desire to win the lot, bid you up on purpose to in essence make your bid a straight bid?

DJ

[bensie]

Originally Posted by x2drich2000

I definitely put in large opening bids to reduce my competition on lots I really want with the AHs that allow you to put in a straight bid. To me it is simply a strategy to eliminate people who might be looking for a bargain or where it might not be their top priority.

As a side question, with the AHs that do not allow you to put in straight bids (Heritage, REA for instance), would you consider it unethical to have a friend (not the consignor!) who has no desire to win the lot, bid you up on purpose to in essence make your bid a straight bid?

DJ

So in essence, you'd be shilling your own bid to a price that you're willing to pay? IE bidding against yourself in an auction? LOL. I think that's perfectly fine.

[Peter_Spaeth]

I can understand as a practical matter wanting to lock up a bid level given the way AH increments work. I am not understanding the psychology of thinking you're scaring someone off a card, like a dog marking his territory. I could see the opposite effect -- someone interested in a card sees high early prices and thinks he's underestimated the value and becomes willing to bid more.

[Leon]

Originally Posted by Peter_Spaeth

I can understand as a practical matter wanting to lock up a bid level given the way AH increments work. I am not understanding the psychology of thinking you're scaring someone off a card, like a dog marking his territory. I could see the opposite effect -- someone interested in a card sees high early prices and thinks he's underestimated the value and becomes willing to bid more.

Told before but, a long time ago, in a public/private auction I bid 8k straight as the first bid (*or the 2nd I forget) and the opening bid was 1k. That was about the first or second day of the auction as I recall. I won this lot for my 8k plus juice and was happy. They were sold with my first collection sale.

[JollyElm]

"You're."

[rats60]

Originally Posted by Peter_Spaeth

I can understand as a practical matter wanting to lock up a bid level given the way AH increments work. I am not understanding the psychology of thinking you're scaring someone off a card, like a dog marking his territory. I could see the opposite effect -- someone interested in a card sees high early prices and thinks he's underestimated the value and becomes willing to bid more.

It might work for a card that is auctioned off frequently such as 50s-60s Topps. Say a card sells in the 400-500 range. Place a bid that would have to be topped by a bid over 500 and hope people will just wait until the next one shows up in a couple weeks.

[Peter_Spaeth]

Originally Posted by rats60

It might work for a card that is auctioned off frequently such as 50s-60s Topps. Say a card sells in the 400-500 range. Place a bid that would have to be topped by a bid over 500 and hope people will just wait until the next one shows up in a couple weeks.

Yes, but to me that's just locking up the level above which it's not practical to go higher, psychology has nothing to do with it.

[mechanicalman]

Originally Posted by Peter_Spaeth

Yes, but to me that's just locking up the level above which it's not practical to go higher, psychology has nothing to do with it.

Funny. I would argue psychology has everything to do with it. As a marketer, though, I believe most non-essential purchases are driven by emotion, not practicality.

That said, I don't think we disagree on the principle, but our semantics seem to be driven by our respective professions.