PWCC - need collector feedback on auction format

[AMBST95]

I tend to like option 2. It's a tight window for the non-sniper, like myself. I may be less inclined to bid with a 30 sec window vs a 1 min window, if I lost out last second on the first card. As a consigner, I would like the prime time listing above all.

[cyseymour]

I would vote two minutes so that it gives people time to think after they won/lost on a previous item.

I would also, if you are auctioning cards from the same set, put the most expensive cards to end earliest. That way people aren't saving funds for large cards later and will know that if they lost out on the most expensive cards, they still have money remaining for the cheaper cards. That maximizes prices and helps collectors as well, since they won't be stuck with nothing if they were waiting for the bigger card and then got outbid. Hope that makes sense.

[JeremyW]

Originally Posted by cyseymour

I would vote two minutes so that it gives people time to think after they won/lost on a previous item.

I would also, if you are auctioning cards from the same set, put the most expensive cards to end earliest. That way people aren't saving funds for large cards later and will know that if they lost out on the most expensive cards, they still have money remaining for the cheaper cards. That maximizes prices and helps collectors as well, since they won't be stuck with nothing if they were waiting for the bigger card and then got outbid. Hope that makes sense.

I agree.

[Brent Huigens]

Thanks to all that responded... much appreciated.

Brent
PWCC

[calvindog]

Wish we could say the same for you!

[the-illini]

Removed due to Brent's response in other thread.

[jhs5120]

Either one works well, but I will say, having only one item end at a time is more importnat to me than having my item end at midnight.

[Runscott]

irrelevant to me - I generally snipe, and rarely bid over market value.

[glchen]

As a consignor to the most recent PWCC auction, I am somewhat disgruntled with the prices realized for my consignments. Obviously, some of this is due to the luck involved with 7 day ebay auctions that start at 99 cents and hoping that the right people are looking at your auctions during that time period. However, my worst performing consignments ended before 5pm PST on a Sunday, while the one that ended after 5pm PST did okay.

My opinion is that PWCC should try to stick within the 5pm PST to 8pm PST window for auction close times Sunday - Thursday. I really like the auction format by era and sport. As a buyer I typically look through most of the auctions for PWCC as opposed to another large consignment house like Probstein which auctions a general mishmash of stuff all of the time. Since PWCC is gaining more and more consignments, I don't know the best strategy for this, especially if they want to try to keep the 1 minute interval between auction endings. Perhaps they can spread the auction over more days (e.g., instead of 1-1/2 weeks, go to 2-1/2 weeks). Or perhaps they can create another ebay id, such as prewarcardcollector2, where one id is baseball, and the other id is other sports. Then for one day like Monday, one id can list baseball from 5-8pm PST and the other id can list football at the same time.

Given what happened to me at the last PWCC auction, I would pause before consigning again. For an auction house like Heritage or Goodwin, my items are usually available for bidding 30+ days, and there is also a nice catalog too. Granted the BP for those places is 20%, but with ebay fees continuing to rise, PWCC's consignment fees have also been affected. The distinct advantage PWCC has is lightning fast payout. From the time that I drop my consignment off at PWCC to when I receive my payout is around a month. For most of the larger auction houses, there is a consignment deadline usually a month before the auction opens, and then payout is not until 30 days after the auction ends. Therefore, there can be a nearly 3 months period between when your cards leave your hand to when you get paid.