ebay finds that PWCC engaged in shill bidding?

[Peter_Spaeth]

Originally Posted by Snowman

I don't see anything fishy at all about these sales. The selling prices are in line with what I would expect to see given the dates. In Feb, the market was twice as high as it is now. That 11k price lines up perfectly with the peak of the market. Someone bought in at the wrong time, then panicked and sold when the market crashed. And the sale dates line up perfectly with PWCC's monthly auctions. These look like normal sales to me.

It's too bad you weren't around in 2016, you would have been defending all the BS that people were defending back then and they turned out to be completely wrong.

[5-Tool Player]

PWCC = sinking ship

[Snowman]

Originally Posted by Peter_Spaeth

It's too bad you weren't around in 2016, you would have been defending all the BS that people were defending back then and they turned out to be completely wrong.

I'm not saying that PWCC is innocent of all these accusations against them. And frankly, I find the owner to be very off-putting. All I'm saying here is that from a data abnormality perspective, there is nothing fishy about those 3 sales.

[cardsagain74]

Originally Posted by Snowman

I'm not saying that PWCC is innocent of all these accusations against them. And frankly, I find the owner to be very off-putting. All I'm saying here is that from a data abnormality perspective, there is nothing fishy about those 3 sales.

That's because it flies in the face of how most people act. The typical buyer gets absolutely married to their purchase price (even though that shouldn't have anything to do with any future decision about if/when sell, except for tax purposes).

And the biggest psychological basis of that marriage is not taking a loss. Especially a noticeable one in a short period of time. It's actually kinda fascinating, how if something is likely going from $40 to $1, the person who paid 30 for it is happy to sell (while the one who paid 60 will probably hold on w/ blind hope). Even though all that matters at that point is what will happen in the future. Anyway, I digress....

This is why I find those sales suspect. Sure it's highly circumstantial evidence, but it's hard to believe that two consecutive people immediately dumped something that they just bought in the next available auction. It's not really a spot where a panic from the market dropping dictates someone's frame of mind as much.