PWCC Auction Yet Again

[ksabet]

Originally Posted by rhettyeakley

ON a different topic: I always find it funny when people who are almost exclusively buyers just don't understand why sellers don't just start things low and let it fly, as if the seller must have gotten the item for free and there is no risk involved. It sure is easy to risk or spend other peoples money, isn't it!

I would say those sellers you refer to aren't very good at their job. There is this thing called math that I use to calculate what price I can buy a card at and then sell it for a profit.

I completely ignore past sales of BIN and focus on auction prices. This way when I buy cards I only buy at prices that I can "let it fly" and feel comfortable.

I will never be confused for Dean's Cards. I Buy low...flip fast...repeat.

Worked for me so far.

[I am not a full time dealer and don't earn a living doing this}

[rhettyeakley]

Originally Posted by ksabet

I would say those sellers you refer to aren't very good at their job. There is this thing called math that I use to calculate what price I can buy a card at and then sell it for a profit.

I completely ignore past sales of BIN and focus on auction prices. This way when I buy cards I only buy at prices that I can "let it fly" and feel comfortable.

I will never be confused for Dean's Cards. I Buy low...flip fast...repeat.

Worked for me so far.

[I am not a full time dealer and don't earn a living doing this}

You admit you aren't a dealer and don't make a living selling cards but call people that don't want to lose money on an investment they have made "bad at their job"? You are right we need more dealers in this hobby that offer people pennies on the dollar for their quality items because that makes them "good at their job", because hey, they never lose money right!?!

Honestly, it isn't that hard to wait for a screaming deal that may show up from time to time and then sell for a pretty good profit. We have all done this. Making these types of deals in bulk and consistently turning a profit is very difficult and I know I don't envy people that try to make a living doing so.

[T205 GB]

I have to say I consigned a few cards. Figured with the strong prices they bring it was a wise choice. Needless to say I lost my ass. Kinda f'ed up if you ask me. Well at least I have a clear conscience

[ullmandds]

Originally Posted by T205 GB

I have to say I consigned a few cards. Figured with the strong prices they bring it was a wise choice. Needless to say I lost my ass. Kinda f'ed up if you ask me. Well at least I have a clear conscience

sorry to hear this...buy obviously you're not in the "in" crowd!!!!!

[T205 GB]

Originally Posted by ullmandds

sorry to hear this...buy obviously you're not in the "in" crowd!!!!!

I would rather have a clear conscious and integrity than be in the "in" crowd if thats what you are saying

[ksabet]

Originally Posted by rhettyeakley

You admit you aren't a dealer and don't make a living selling cards but call people that don't want to lose money on an investment they have made "bad at their job"? You are right we need more dealers in this hobby that offer people pennies on the dollar for their quality items because that makes them "good at their job", because hey, they never lose money right!?!

Honestly, it isn't that hard to wait for a screaming deal that may show up from time to time and then sell for a pretty good profit. We have all done this. Making these types of deals in bulk and consistently turning a profit is very difficult and I know I don't envy people that try to make a living doing so.

I never said pennies on the dollar...just fair market price. And wait are they investing or buying for resale? Investing is totally different.

Recently I messaged with a gentleman selling a Mean Joe Greene PSA 8.5 RC card currently for $25k despite the fact that it is about a 2-3k card. He wrote me a dissertation about why that price is accurate yet he won't purchase the other PSA 8.5 sitting there for (also overly inflated price) $11k. I just said "thank you".

If the public actually educated themselves, shops like Dean's Cards would be out of business. But gotta give him credit because they "are one of the only trusted sports card stores on eBay" and they have their own grading system and neat little stickers (gasp)...and probably a truck full of money out back so who am I to judge.

And yes I do believe dealers who invest in items they can't afford and then hold them for years at ridiculously inflated prices are dumb.

[Leon]

Originally Posted by ksabet

I never said pennies on the dollar...just fair market price. And wait are they investing or buying for resale? Investing is totally different.

Recently I messaged with a gentleman selling a Mean Joe Greene PSA 8.5 RC card currently for $25k despite the fact that it is about a 2-3k card. He wrote me a dissertation about why that price is accurate yet he won't purchase the other PSA 8.5 sitting there for (also overly inflated price) $11k. I just said "thank you".

If the public actually educated themselves, shops like Dean's Cards would be out of business. But gotta give him credit because they "are one of the only trusted sports card stores on eBay" and they have their own grading system and neat little stickers (gasp)...and probably a truck full of money out back so who am I to judge.

And yes I do believe dealers who invest in items they can't afford and then hold them for years at ridiculously inflated prices are dumb.

An educated consumer is the best consumer. A few months ago I bought a card from Deans for $2480 and sold it a month later for a $1200 profit. Otherwise, on my other deals with them I will probably lose about $200. All in all not that bad. I just need to work on the $200 mistake(s). I like Dean's Cards, personally.

AND to get back on track, there are reasons PWCC is kicking butt. For one, they advertise a ton. For two, they seem to be bringing stellar cards to market with their business model. And for three, Brent isn't afraid of transparency which goes a long ways in building trust (see his offerings). IS there still work to do on the auction bidding anomalies, of course. But PWCC is doing a fine job at the moment and their sales are proving it out.

.

[Stonepony]

Originally Posted by Leon

An educated consumer is the best consumer. A few months ago I bought a card from Deans for $2480 and sold it a month later for a $1200 profit. Otherwise, on my other deals with them I will probably lose about $200. All in all not that bad. I just need to work on the $200 mistake(s). I like Dean's Cards, personally.

AND to get back on track, there are reasons PWCC is kicking butt. For one, they advertise a ton. For two, they seem to be bringing stellar cards to market with their business model. And for three, Brent isn't afraid of transparency which goes a long ways in building trust (see his offerings). IS there still work to do on the auction bidding anomalies, of course. But PWCC is doing a fine job at the moment and their sales are proving it out.

.

Agree. At this time, with their current fee structure and wildly successful business model, I see no compelling reason to consign a graded sportscard with anyone else. Arguments can be made to the contrary of course.

[bxb]

Originally Posted by Stonepony

Agree. At this time, with their current fee structure and wildly successful business model, I see no compelling reason to consign a graded sportscard with anyone else.

Agreed. Hopefully, continued success will not lead to them raising their fees, in which case they would fall back into the crowd of other AHs.

[Snapolit1]

I wonder if in the age of eBay the 30 day auction, I will get you a catalog eventually, isn't fading into the background. People want action. 10 days from announcing it to it ending seems right to me -- and PWCC doesn't require you to stay up to 4:30 am either. Maybe some of the other AH's should take note. I can plan my life with these auctions. Tonight's ends at 9:30 for me. Last few Heritage and others I lost in the middle of the night while fast asleep. I'm not playing that game anymore.

[Neal]

Originally Posted by Leon

An educated consumer is the best consumer. A few months ago I bought a card from Deans for $2480 and sold it a month later for a $1200 profit. Otherwise, on my other deals with them I will probably lose about $200. All in all not that bad. I just need to work on the $200 mistake(s). I like Dean's Cards, personally.

AND to get back on track, there are reasons PWCC is kicking butt. For one, they advertise a ton. For two, they seem to be bringing stellar cards to market with their business model. And for three, Brent isn't afraid of transparency which goes a long ways in building trust (see his offerings). IS there still work to do on the auction bidding anomalies, of course. But PWCC is doing a fine job at the moment and their sales are proving it out.

.

They also have some very dedicated bidders .... here is an idea of what you can see on just about every item they offer. Maybe not 100% on all, but you can see how loyal a following these guys have!

30-Day Summary
Total bids: 54
Items bid on: 23
Bid activity (%) with this seller: 100% Help
Bid retractions: 0
Bid retractions (6 months): 0

[ksabet]

Originally Posted by Neal

They also have some very dedicated bidders .... here is an idea of what you can see on just about every item they offer. Maybe not 100% on all, but you can see how loyal a following these guys have!

30-Day Summary
Total bids: 54
Items bid on: 23
Bid activity (%) with this seller: 100% Help
Bid retractions: 0
Bid retractions (6 months): 0

Yes if you consider consignors bidding on their own items to be loyalty

[bnorth]

Originally Posted by ksabet

Yes if you consider consignors bidding on their own items to be loyalty

They do seem to be very loyal bidders.