PWCC – Announcing Formal Policy Concerning eBay Bidder & Buyer Integrity

[Beastmode]

Originally Posted by Peter_Spaeth

There is no visibility into auctions that don't get paid for. There never has been in AHs (except when you see the same card available for less within a week LOL). On ebay, there isn't any now, particularly with the removal of IDs and the inability of a seller to leave negative feedback.

Which leads us to the real strategy of the buyers group. Pump up a bunch of high end vintage cards to 3-6X average price through string bidding or shilling, while never paying for the cards and retracting all those bids. Watch VCP swallow the data and recalculate inordinately high average prices; then sell your own supply that you bought last year at the new fictitious VCP average.


IMO, the real issue here is VCP needs to find a way to eliminate any auction that hasn't been completed (paid for). Start with ebay, then go from there to AH's. I know easier said than done, but maybe ebay and VCP can partner up.

[Snapolit1]

I am sure this has happened, I'd be surprised if it was an epidemic. Have to say the recent machinations around that Rose rookie card have been interesting to say the least.

In a few short months we've gone from a cabal of filthy rich hedge fund guys who don't care about how much money they spend on anything, to what sounds like a sophisticated group of criminals intent on rigging the auction market and third tracking party tracking services. Maybe a third theory will surface before long.

Wherever there is big money there is fraud. You can count on that.

[Leon]

Originally Posted by Snapolit1

I am sure this has happened, I'd be surprised if it was an epidemic. Have to say the recent machinations around that Rose rookie card have been interesting to say the least.

In a few short months we've gone from a cabal of filthy rich hedge fund guys who don't care about how much money they spend on anything, to what sounds like a sophisticated group of criminals intent on rigging the auction market and third tracking party tracking services. Maybe a third theory will surface before long.

Wherever there is big money there is fraud. You can count on that.

Lets don't forget, a few who have committed fraud are wearing jumpsuits in prison right about now. I wish more fraudsters, especially Peter Nash., were there too.....