Did anybody else snipe tonight's pwcc?

[philo98]

I was watching the pwcc 1960 topps clemente psa 8 and put in a snipe of around $690 which I thought was on the high side. However never needed my snipe. Someone put in with a few minutes to go a bid for $912 and then someone went on top of that at $922. Completely insane prices. Looking at the psa auction prices the highest sale in an 8 is around $710 with most in the mid to high $600s.

[toledo_mudhen]

Dont participate in most of their auctions but this one is a really nice card that I needed to fill a hole. Looking at bid history this morning - Is this normal? No one else shows any part of username?

private listing - bidders' identities protected $747.00 28 Oct 2020 at 6:49:12PM PDT --
private listing - bidders' identities protected $727.00 28 Oct 2020 at 6:49:10PM PDT --
private listing - bidders' identities protected $707.00 28 Oct 2020 at 5:02:36PM PDT --
toledo_mudhen $700.69 28 Oct 2020 at 4:33:09PM PDT --
private listing - bidders' identities protected $677.00 28 Oct 2020 at 4:56:21PM PDT --
private listing - bidders' identities protected $657.00 28 Oct 2020 at 4:30:42PM PDT --
toledo_mudhen $650.09 23 Oct 2020 at 5:31:02AM PDT --
private listing - bidders' identities protected $637.00 28 Oct 2020 at 4:30:27PM PDT --
private listing - bidders' identities protected $617.00 28 Oct 2020 at 4:30:19PM PDT --
toledo_mudhen $600.09 21 Oct 2020 at 2:22:37AM PDT --
private listing - bidders' identities protected $556.67 28 Oct 2020 at 3:47:17AM PDT --

[swarmee]

PWCC started making their auctions Private a few days ago. It was mentioned on this board as a way to cover up more fraud. You know, from those salt of the Earth sunlight loving guys up in Oregon...

[swarmee]

If you write anything concerning a person or company your full name needs to be in your post or obtainable from it.

Reminder for those in this thread and other threads. Most people add it to their User CP section so they don't have to type their name (or obscured name) over and over again.

[oldeboo]

It shows the same for me on all of their listings. I've never seen or noticed that anywhere else. Maybe it's some sort of back door deal with Ebay since they make them so much moolah. I don't sell on Ebay, so not sure if that's an option for all sellers.

[swarmee]

Originally Posted by oldeboo

It shows the same for me on all of their listings. I've never seen or noticed that anywhere else. Maybe it's some sort of back door deal with Ebay since they make them so much moolah. I don't sell on Ebay, so not sure if that's an option for all sellers.

It's an option for all sellers, normally only used by scammers or people that don't know better.

[Browns1981]

I got priced out of a few T206s I was watching and didn't want to get into a bidding war since I believe PWCC does use shill bidding.

[Fuddjcal]

Originally Posted by Browns1981

I got priced out of a few T206s I was watching and didn't want to get into a bidding war since I believe PWCC does use shill bidding.

yet you would still buy from them? I have an IDEA? How about you stand for something and IF you "Think" they shill bid? While you think, OTHERS "KNOW IT". Now it's all somehow hidden with Private bidding

You can't make this shit up

[Browns1981]

Originally Posted by Fuddjcal

yet you would still buy from them? I have an IDEA? How about you stand for something and IF you "Think" they shill bid? While you think, OTHERS "KNOW IT". Now it's all somehow hidden with Private bidding

You can't make this shit up

If the price was right (comparable to past auctions excluding PWCC) then I have no issue. However they went above normal so I dropped out.

[toledo_mudhen]

Yea - a bit concerning and I'm sure I paid up on it - highly possible/probable shill - but it is cool!

[bobbyw8469]

Cool that you showed that Robinson. I won one of the error variations on Hunt last night. They made no mention of the error, but I saw it, and I assume someone else saw it as well, because the bidding was spirited.

[ullmandds]

Originally Posted by toledo_mudhen

Yea - a bit concerning and I'm sure I paid up on it - highly possible/probable shill - but it is cool!

With this mentality...the shilling/shadiness will certainly continue!

[toledo_mudhen]

Originally Posted by ullmandds

With this mentality...the shilling/shadiness will certainly continue!

Guilty as charged - I think someone once said "Stuff Trumps Everything"

[Fuddjcal]

Originally Posted by toledo_mudhen

Yea - a bit concerning and I'm sure I paid up on it - highly possible/probable shill - but it is cool!

Not a PSA 5, LOL. It's SGC 5.5 and you got worked for $300 by the PWCC shillers:mad :

I would have sold you this for the same price.

[Snapolit1]

There are plenty of cards on PWCC that don't get a great price. Believe me, I learned first hand. The idea that all of the auctions are shilled is silly.

[toledo_mudhen]

Originally Posted by Fuddjcal

Not a PSA 5, LOL. It's SGC 5.5 and you got worked for $300 by the PWCC shillers:mad :

I would have sold you this for the same price.

The SGC slab was a bonus for me (as I'm one of "those" guys) and I needed the midgrade to fill a hole in my EX-EXMT set.

If you are offering that PSA 7 for $750 - I'll take it.....

[Johnny630]

Originally Posted by philo98

I was watching the pwcc 1960 topps clemente psa 8 and put in a snipe of around $690 which I thought was on the high side. However never needed my snipe. Someone put in with a few minutes to go a bid for $912 and then someone went on top of that at $922. Completely insane prices. Looking at the psa auction prices the highest sale in an 8 is around $710 with most in the mid to high $600s.

That's Ridiculous......... will this same card be relisted in a couple of months. Be on the lookout for it.

[Exhibitman]

Interesting OP. Bidder psychology is a fascinating field and in a legitimate auction setting the combination of the auction rules and psychology can allow for some interesting strategies. I don't see PWCC as a good test case, though, because of the rampant shilling and the resulting perception of shilling among many potential bidders. One reason I stopped compiling prices for my guides was that the Mastro-Legendary-PWCC-Probstein business models made the data misleading.

When I look at what a card costs, I take the PWCC 'sales' with a huge grain of salt; when I analyze card prices I cull the PWCC data (and usually the Probstein data) from the numbers and use the remaining sales as my data points. If you are looking at PSA cards, the auction prices function on the site makes it pretty easy to do that since the sellers are ID'd.

[Fuddjcal]

Originally Posted by Exhibitman

Interesting OP. Bidder psychology is a fascinating field and in a legitimate auction setting the combination of the auction rules and psychology can allow for some interesting strategies. I don't see PWCC as a good test case, though, because of the rampant shilling and the resulting perception of shilling among many potential bidders. One reason I stopped compiling prices for my guides was that the Mastro-Legendary-PWCC-Probstein business models made the data misleading.

When I look at what a card costs, I take the PWCC 'sales' with a huge grain of salt; when I analyze card prices I cull the PWCC data (and usually the Probstein data) from the numbers and use the remaining sales as my data points. If you are looking at PSA cards, the auction prices function on the site makes it pretty easy to do that since the sellers are ID'd.

As per usual, you're right on the money.

[philo98]

Originally Posted by Johnny630

That's Ridiculous......... will this same card be relisted in a couple of months. Be on the lookout for it.

Exactly, it may come around again. That bid was actually more than the BIN price for the same grade and card and most of the BIN prices are pipe dreams.