PWCC Boggles the Mind. New Auctions

[Carter08]

Originally Posted by Bobbycee

It does make a difference Peter. For those on a relative card budget, 20% could mean paying significantly more for a card. You gave an example of winning a card for $100 but now having to pay $120 with BP. What if you win a card for $400, now it becomes a $480 card, etc. That will limit the smaller collector who may want to bid on multiple cards. I for one, don't like forking over an extra 20%.

Maybe this keeps PWCC in business. They are certainly scrambling around lately, quite clumsily. They had a brief niche, like Ebay. Now they are like all the other auction houses & crappy servicen thrown in too.

I think the thought is of you value you a card at $100 you now bid it at $82ish. From the buyer side really no difference. Maybe I’m missing something.

[Peter_Spaeth]

Originally Posted by Carter08

I think the thought is of you value you a card at $100 you now bid it at $82ish. From the buyer side really no difference. Maybe I’m missing something.

Exactly.

[JeremyW]

Originally Posted by Peter_Spaeth

Exactly.

All premiums are paid by the consignor. Unfortunately, 20% seems to be the norm.

[Peter_Spaeth]

Originally Posted by JeremyW

All premiums are paid by the consignor. Unfortunately, 20% seems to be the norm.

Right, and we can debate if that's too high, but the angst by BIDDERS about buyers' premiums is completely misplaced and reflects a basic lack of understanding unfortunately.

[Sean]

Originally Posted by Peter_Spaeth

Right, and we can debate if that's too high, but the angst by BIDDERS about buyers' premiums is completely misplaced and reflects a basic lack of understanding unfortunately.

I joined this forum 9 years ago, and the "old timers" back then were sick of this topic. Nine years later, and we still have to explain it. Ad Nauseam doesn't even do justice to how often this topic has been raised and explained.

[Steve D]

To me, the biggest change will be when payments are due.

Up to now, winners could wait until the entire auction ended at the end of the month, and then have five days to make payment. This worked great, as I, and many others, get paid once a month. You could win an auction on, say, the 12th of the month, and then wait until the end of the month when you get paid, to send in your payment; allowing you to get a card you may not have been able to get had payment been due sooner.

Now, with the change to weekly auctions ending every Sunday, payments will be due more often, eliminating this payment "float". It looks like you'll still have ten days after the auction, to make your payment, but in many cases, you won't be able to wait until the 1st day of the following month.

Steve

[Snapolit1]

I've glanced at PWCC 3 or 4 times since this summer. Not registered with them and just wanted to see what vintage they were rolling out. Massively unimpressed. I'll stick to LOTG, Heritage, Brockelman, Collectors Connection, Huggins & Scott, Hunts, Hakes for memorabilia, and a few others.