Different bidding patterns

[Snowman]

Originally Posted by Peter_Spaeth

In the good old PWCC days, there were certain types of cards that would run up to 90 percent right out of the gate.

These are almost always cards with extraordinary eye appeal or cards that are in high demand and that are very difficult to just find any copy of.

[Peter_Spaeth]

Originally Posted by Snowman

These are almost always cards with extraordinary eye appeal or cards that are in high demand and that are very difficult to just find any copy of.

Non sequitur. One, what does that have to do with the bidding pattern, if I really wanted a card on ebay the last thing I would do was keep running it up and bidding against myself six hours after it was listed. Two, with PWCC it was by no means limited to special cards. Three, it seemed very frequently the bids were placed by the same bidders, and or bidders with huge numbers of retractions.

[Snowman]

Originally Posted by Peter_Spaeth

Non sequitur. One, what does that have to do with the bidding pattern, if I really wanted a card on ebay the last thing I would do was keep running it up and bidding against myself six hours after it was listed. Two, with PWCC it was by no means limited to special cards. Three, it seemed very frequently the bids were placed by the same bidders, and or bidders with huge numbers of retractions.

I'm just relaying my experiences as an observer and a bidder. Whenever I'm bidding on a card that has been run up early, it is almost always a card with remarkable eye appeal or something otherwise very difficult to find.

I'm sure there are other circumstances where cards get bid up quickly, but I don't pay attention to the modern side of the hobby much, so I don't encounter most of the shill bidding and other shenanigans. Though surely some of that exists in vintage as well, just not nearly as much IMO.

[Eric72]

Originally Posted by Snowman

...Whenever I'm bidding on a card that has been run up early, it is almost always a card with remarkable eye appeal or something otherwise very difficult to find...

For some reason, I thought you wouldn't bid on things that did not possess "remarkable eye appeal" unless they were very difficult to find.

[Lorewalker]

Originally Posted by Snowman

I'm just relaying my experiences as an observer and a bidder. Whenever I'm bidding on a card that has been run up early, it is almost always a card with remarkable eye appeal or something otherwise very difficult to find.

I'm sure there are other circumstances where cards get bid up quickly, but I don't pay attention to the modern side of the hobby much, so I don't encounter most of the shill bidding and other shenanigans. Though surely some of that exists in vintage as well, just not nearly as much IMO.

Cards with great eye appeal do tend to set records but seen way too many vintage cards that are nothing special, out of certain houses, that consistently set records that make no sense. I do not follow modern so I cannot speak to whether or not there is shill bidding going on but I am pretty confident there are houses who are allowing consignors protect their vintage consignments. IMO, shilling is not limited to age of the card.

[Peter_Spaeth]

Originally Posted by Lorewalker

Cards with great eye appeal do tend to set records but seen way too many vintage cards that are nothing special, out of certain houses, that consistently set records that make no sense. I do not follow modern so I cannot speak to whether or not there is shill bidding going on but I am pretty confident there are houses who are allowing consignors protect their vintage consignments. IMO, shilling is not limited to age of the card.

And to get back to the original point, even if a card is great, that doesn't explain to me why there would be frantic bidding driving it sky high in the opening hours. Saw that all the time on PWCC.

[bnorth]

Originally Posted by Peter_Spaeth

And to get back to the original point, even if a card is great, that doesn't explain to me why there would be frantic bidding driving it sky high in the opening hours. Saw that all the time on PWCC.

I have very little AH bidding experience but I tried to jack up the bids early to help drive other bidders away. I don't believe it worked in my limited experience.

On eBay early shill biding was done because with eBays algorithm it used to bring items with early bids to the top of general searches. No idea if it still does but that is how it used to work.

[Lorewalker]

Originally Posted by Peter_Spaeth

And to get back to the original point, even if a card is great, that doesn't explain to me why there would be frantic bidding driving it sky high in the opening hours. Saw that all the time on PWCC.

I never followed PWCC that closely. To your initial point, for anyone trying to pay as little as possible, it makes no sense to run up a card early and when you see it throughout particular auction houses, auction after auction, it is highly suspicious to me.

[Peter_Spaeth]

Originally Posted by Lorewalker

I never followed PWCC that closely. To your initial point, for anyone trying to pay as little as possible, it makes no sense to run up a card early and when you see it throughout particular auction houses, auction after auction, it is highly suspicious to me.

Many of the PWCC auctions were a shitshow of frantic early bidding, string bids, retractions, and bidders with massive numbers of historical retractions.

[perezfan]

Sorry to chime back in so late...

Yes, Scott had it right. And while his explanation does make some sense, it still amazes me how quickly that competing bid comes in after a week of complete stagnancy with no bids.

Thanks for providing a potential explanation, as it's something that's confounded me for quite a while.