PWCC Videos and Future Auction

[Aquarian Sports Cards]

I still don't understand the idea that they will be competition to ebay. By that logic Heritage, Goldin and REA are competition to ebay. They'll just be another auction house.

[packs]

I agree I don't really understand this stance that they're competition. eBay sells everything and anything. This seller deal exclusively in sports memorabilia. There is no equal footing or really a basis for comparison.

[Frank A]

Originally Posted by Aquarian Sports Cards

I still don't understand the idea that they will be competition to ebay. By that logic Heritage, Goldin and REA are competition to ebay. They'll just be another auction house.

Exactly. I can't see them doing as good as they did on ebay. I don't understand people thinking they will be better.

[Republicaninmass]

Originally Posted by Frank A

Exactly. I can't see them doing as good as they did on ebay. I don't understand people thinking they will be better.

If possible, MORE rampant shilling, pushing people to cosign...only to be left taking a "Mayweather psa 9" haircut

[Yoda]

I wonder how their new platform, independent of Ebay, will affect revenue streams or more specifically whether they will charge a buyer's premium to winning bidders. I believe their income should now come from the following sources:-
1. Consignment fees.
2. Advertising revenue.
3. What's left of the Vault.
And the possibility of:-
4. Selling the company.
5. Going public
Is this enough, or do they need to wack winning bidders 20% like the other auction houses?

[mrreality68]

Originally Posted by Yoda

I wonder how their new platform, independent of Ebay, will affect revenue streams or more specifically whether they will charge a buyer's premium to winning bidders. I believe their income should now come from the following sources:-
1. Consignment fees.
2. Advertising revenue.
3. What's left of the Vault.
And the possibility of:-
4. Selling the company.
5. Going public
Is this enough, or do they need to wack winning bidders 20% like the other auction houses?

I would tend to agree.
We will have to wait and see.
They have a dedicated group that used them on eBay but will they all go to the new PWCC platform and how successful will they be with the loss of the casual bidders that were not regulars and will not look for them

[Lorewalker]

Originally Posted by mrreality68

I would tend to agree.
We will have to wait and see.
They have a dedicated group that used them on eBay but will they all go to the new PWCC platform and how successful will they be with the loss of the casual bidders that were not regulars and will not look for them

If they offer cards that collectors want they will be successful. Few seem to care of the reputation of the dealer they are buying from and many still actually defend this guy. Does not seem like it is too hard to be successful when you are dealing with collectors.

[MattyC]

Agreed: because we collectors can't abstain, we just serve as fuel for the forces of price manipulation. And that extends well beyond PWCC— to PSA, Heritage, and other entities.

[Republicaninmass]

Originally Posted by Lorewalker

If they offer cards that collectors want they will be successful. Few seem to care of the reputation of the dealer they are buying from and many still actually defend this guy. Does not seem like it is too hard to be successful when you are dealing with collectors.

Who was the resident boob, I believe he was here and on blowout, UFFDAH? Got. Turned on a trimmed pwcc and bought more!


If there is a prospect of money to be made, dont underestimate the idiocy of the common man, regardless if wealth or social class

[mrreality68]

Originally Posted by Lorewalker

If they offer cards that collectors want they will be successful. Few seem to care of the reputation of the dealer they are buying from and many still actually defend this guy. Does not seem like it is too hard to be successful when you are dealing with collectors.

I agree with the cards collectors are looking for they will find PWCC

However, I just do not know if they will do the some volume of cards and the same sales potential now that they are off the eBay platform.

[Snowman]

[

Originally Posted by Aquarian Sports Cards

I still don't understand the idea that they will be competition to ebay. By that logic Heritage, Goldin and REA are competition to ebay. They'll just be another auction house.

Heritage, Goldin, REA, and the others are only competition in the high end market though. Ebay isn't really competitive in that market anyhow. Most high end cards get sold outside of eBay through the major auction houses. Until now, PWCC has only hosted their monthly Premier Auctions through their own platform, which has gone extremely well so far despite it being their first attempt at it. They didn't have any server issues (unlike the competition), bidding was very straight-forward, their rotating 360° images of each card were great, they broke the record for a Michael Jordan RC despite the market being "down" for that card (and yes, it was a real sale), and they had countless other huge consignments right out of the gate, even 7 figure ones. Imagine some other new auction house launching their platform and doing that well on day one. LOL. Not happening. They became an instant player in the high end auction house market overnight.

But they're not just trying to compete against the high end auction houses. They're going to be running their weekly lower end auctions on their new platform as well. All those $100 to $10,000 cards that previously would have been sold on ebay will now be hosted on their platform using the extended bidding style auctions rather than eBay's snipe-bid-heavy platform. It remains to be seen how much business they'll bring with them, what their fees will be, and what sort of prices they'll fetch, but you're fooling yourself if you don't think this is going to be serious competition for eBay. They have ~150,000 buyers using their vault and many more people who have bought from them in the past. I would bet good money that unless some of these allegations come to legal fruition that they will instantly become the #2 option online for selling $100-$10,000 valued cards, surpassing all other selling platforms like myslabs, COMC, stockx, Facebook groups, Instagram, etc.

They'll also now have access to all buyer info for anyone bidding on their auctions, so they'll be much more well equipped to prevent shill bidding on their platform than they were on eBay. On eBay, the only thing they could do before was block bidders who didn't pay. And eBay's platform only allows a maximum of 5,000 users to be blocked, but PWCC has a list of 20,000+ users that they'd like to block for non payment so they have to recycle the list every time they want to add someone to it. They tried multiple times to get ebay to increase that number but ebay literally couldn't figure out how to do. I'll repeat that in case that didn't land for you. Ebay is incapable of increasing the maximum number of blocked bidders above 5,000 because their database and systems architects are archaic and incompetent. It costs money to upgrade these systems to bring them into the 21st century, and ebay doesn't think it's worth making those investments.

[BobC]

Originally Posted by Snowman

[They'll also now have access to all buyer info for anyone bidding on their auctions, so they'll be much more well equipped to prevent shill bidding on their platform than they were on eBay. On eBay, the only thing they could do before was block bidders who didn't pay. And eBay's platform only allows a maximum of 5,000 users to be blocked, but PWCC has a list of 20,000+ users that they'd like to block for non payment so they have to recycle the list every time they want to add someone to it. They tried multiple times to get ebay to increase that number but ebay literally couldn't figure out how to do. I'll repeat that in case that didn't land for you. Ebay is incapable of increasing the maximum number of blocked bidders above 5,000 because their database and systems architects are archaic and incompetent. It costs money to upgrade these systems to bring them into the 21st century, and ebay doesn't think it's worth making those investments.

Interesting, had never heard that before. And just to clarify, the 5,000 limit is per seller, correct.

If true, makes you wonder why no one from PWCC ever came on here to pass that info along in any of the threads they were being bashed in regarding alleged shill bidding. If they truly were being limited in how many bidders could be blocked at once, it would make it a bit more difficult to keep up with policing on Ebay.

Of course, there are also the references in some other threads/posts about the level Ebay personnel went to in attacking the one couple who had posted some negative stories about Ebay online. That kind of story could deter almost anyone from saying anything that could make Ebay potentially look bad. Makes you wonder and think about what all we don't yet (or never will) know that may be going on behind the scenes of everything currently going on.

[Steve D]

Originally Posted by BobC

Interesting, had never heard that before. And just to clarify, the 5,000 limit is per seller, correct.

If true, makes you wonder why no one from PWCC ever came on here to pass that info along in any of the threads they were being bashed in regarding alleged shill bidding. If they truly were being limited in how many bidders could be blocked at once, it would make it a bit more difficult to keep up with policing on Ebay.

Of course, there are also the references in some other threads/posts about the level Ebay personnel went to in attacking the one couple who had posted some negative stories about Ebay online. That kind of story could deter almost anyone from saying anything that could make Ebay potentially look bad. Makes you wonder and think about what all we don't yet (or never will) know that may be going on behind the scenes of everything currently going on.

EBay = Don Corleone ?

If so, would you release possible derogatory "inside information" about them in public?

Steve

[BobC]

Originally Posted by Steve D

EBay = Don Corleone ?

If so, would you release possible derogatory "inside information" about them in public?

Steve

I know, that is kind of what I was getting at. Wonder if anyone else selling on Ebay can confirm or deny the 5,000 blocked buyer limit.

[savedfrommyspokes]

Never really looked before, but the 5,000 max is true ...here is my screen

[birdman42]

FWIW, I just had an ad for PWCC pop up on my YouTube feed. I was looking at something totally unrelated to cards. (https://youtu.be/0u0M4CMq7uI if you're into a little light opera.)

Bill