PWCC vault?

[Dpeck100]

Originally Posted by ullmandds

Regulation???? In the baseball card world??? We can’t even get it in big business???

I am in the securities business and if you are offering investment advice I would think you would need some form of oversight.

[ullmandds]

Originally Posted by Dpeck100

I am in the securities business and if you are offering investment advice I would think you would need some form of oversight.

Do we have this type of oversight in any area of collecting whether it is fine art and antiques...comics, cards, coins? Not that im aware of?

[Republicaninmass]

Why bother, just keep relisting it and let them tell you "you will be outbid"

[Dpeck100]

Originally Posted by ullmandds

Do we have this type of oversight in any area of collecting whether it is fine art and antiques...comics, cards, coins? Not that im aware of?

After I posted my comment I thought of the art world and I am not sure if they do or don't. I will do a google search and see if I can find anything.

[clydepepper]

Vaults are good enough for Women's Gymnastics, but not Ted's head.

I prefer less exposure and more personal care, respectively.




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[Dpeck100]

Originally Posted by ullmandds

Do we have this type of oversight in any area of collecting whether it is fine art and antiques...comics, cards, coins? Not that im aware of?

A card doesn't meet the criteria of a security when using the primary definition.

This is with the definition.

That definition is not meant to encompass everything that may be a “security” though, as the U.S. Supreme Court has made clear that the definition of “security” is “quite broad”

It doesn't meet the definition of a commodity either because there is variance in value based on certain specific characteristics to each card.

I can't find anything that suggests art dealers need a license so maybe they are in the clear.

Interesting topic for sure.

[steve B]

I'm fairly certain that the bigger dealers in most mainstream hobbies offer that sort of service. I don't have the right amount of money, but have met a couple major dealers in another hobby. Part of that is helping the clients build a collection or investment portfolio. The other part is having the connections to actually help with that at a high level.

It's one thing to have a customer that can afford and wants a card that might be 100K+ it's a different thing altogether to also know someone who owns one and might be convinced to part with it.

The advice to wait for a higher condition card instead of a lower grade one is basic investment advice. If I could be bothered to find specifics, I could probably find that advice being given here at least once a month. It may seem like a conflict when its an auctioneer, but the bigger auction houses also get higher bids by calling the people who want an item they just got consigned to let them know about it a bit in advance, and to recommend it to them.

[Snapolit1]

Used to be a famous club in NYC called The Vault. Never had the pleasure of visiting. Good place to be hung upside down and have the crap whipped out of you by someone in a leather mask. Not my scene but probably more interesting that Brett’s vault.

[Aquarian Sports Cards]

Originally Posted by steve B

but the bigger auction houses also get higher bids by calling the people who want an item they just got consigned to let them know about it a bit in advance, and to recommend it to them.

That is doing your duty to the consignor. Telling someone not to bid is not.

[Aquarian Sports Cards]

As an auctioneer my fiduciary duty is to my seller, and my seller only. I have to be honest with my buyers, but talking a buyer out of bidding on something I am selling is a breach of my legal responsibility to the consignor.