Anybody Noticing PWCC weekly auction content and sales $$$'s?

[D. Bergin]

Originally Posted by Peter_Spaeth

Are they still charging consignors or have they just shifted to an AH model of making their cut from the BP? Either way I don't see why it's a deterrent, just bid 20 percent less, in theory everyone else should be doing the same.

I have zero stake in the matter, as I don't think I've ever used them for anything, but that's exactly what they are doing.

https://www.pwccmarketplace.com/submit

Don't know how else an auction house is supposed to make money. You either have a Buyers Premium, or a Consignor's fee, or a combination of both.......there's really no way around that.

[Peter_Spaeth]

Originally Posted by D. Bergin

I have zero stake in the matter, as I don't think I've ever used them for anything, but that's exactly what they are doing.

https://www.pwccmarketplace.com/submit

Don't know how else an auction house is supposed to make money. You either have a Buyers Premium, or a Consignor's fee, or a combination of both.......there's really no way around that.

As we've discussed a thousand times, a high BP should trouble consigners, not bidders. Just bid accordingly.

[ZiggerZagger]

Originally Posted by D. Bergin

I have zero stake in the matter, as I don't think I've ever used them for anything, but that's exactly what they are doing.

https://www.pwccmarketplace.com/submit

Don't know how else an auction house is supposed to make money. You either have a Buyers Premium, or a Consignor's fee, or a combination of both.......there's really no way around that.

That's really interesting to see their reimbursement structure to Consignors, which looks attractive in all honesty.

My initial surprise in PWCC changing to a 20% BP was not out of resistance to that idea generically -- I think most of us on the board see the huge value that the traditional AH's bring to the table.

Mostly, I found it striking that PWCC -- who painted themselves as ever the innovators in the hobby -- are now taking a very conventional, cookie-cutter approach to their business. And that's at a time when they presumably have a lot to lose in terms of their relevance in the hobby.

They're doing what a dozen others AH's have already been doing for decades, at a time when their fall from Ebay really would have befitted them taking a more aggressive approach to retain the momentum and interest they'd built up via Ebay over the years. Instead, I'd say others have stepped in to fill the void. The excitement around REA's auctions amongst the PreWar collectors groups that I'm in very much feels like the heyday of PWCC on Ebay now, for example.
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[bobbyw8469]

Originally Posted by ZiggerZagger

That's really interesting to see their reimbursement structure to Consignors, which looks attractive in all honesty.

My initial surprise in PWCC changing to a 20% BP was not out of resistance to that idea generically -- I think most of us on the board see the huge value that the traditional AH's bring to the table.

Mostly, I found it striking that PWCC -- who painted themselves as ever the innovators in the hobby -- are now taking a very conventional, cookie-cutter approach to their business. And that's at a time when they presumably have a lot to lose in terms of their relevance in the hobby.

They're doing what a dozen others AH's have already been doing for decades, at a time when their fall from Ebay really would have befitted them taking a more aggressive approach to retain the momentum and interest they'd built up via Ebay over the years. Instead, I'd say others have stepped in to fill the void. The excitement around REA's auctions amongst the PreWar collectors groups that I'm in very much feels like the heyday of PWCC on Ebay now, for example.
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Bingo. They have relegated themselves to an afterthought. I have attempted to bid on the new site. I find it clunky and cumbersome. As big as they were, you would have thought they would have invested in a kick ass auction site.