Quote:
Originally Posted by Plinvestments
PSA has changed their policy. All auction pre-certified items are now guaranteed and they can't weasel out of it.
I also don't find the comparisons to mechanics or doctors to be true. Nobody is paying multiple times for the same opinion. The original opinion is paid by the seller or auction house, and believe me, I don't believe Heritage or any other auctioneer pays very much. They are offering this as a service.
If the auction winner decides he wants a full cert, he can pay for one like any other un-certified piece he buys. He's paying once. Auction buyers are very savvy. The only ones really hurt by high buyer's premiums, shipping fees, authentication fees, etc are the sellers. All of this is priced in in the bidding price. Look at the hammer prices for common auction items and you will see this bear out over and over again.
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Ok so now I'm confused.
What is PSA guaranteeing exactly? That all items precerted will pass?
This means
A) They are looking closely at the item prior to the auction and charging the auction house. Then, because it's "guaranteed" they don't really have to look at it when you send it in and pay more for the full cert. So they get paid twice for the same service.
B) They are giving it a cursory glance prior to auctioning and charging the auction house. Then they look at it in more detail when the buyer sends it in. Again, paid twice for the same service.
As far as the guarantee, doesn't it already work that way? If you buy something with an auction cert and it then fails full cert, the auction house will refund you for the item. So what extra are you getting by PSAs guarantee?
Lastly, of course, the buyer pays for both certifications. The exact reason may people use TPA's is the fact they believe the item will sell for more with a cert.
Choice 1...Dimaggio Mantle 8x10 without cert - $300
Choice 2...Same picture with PSA or JSA - $500-600.
The buyer is absolutely paying for the cost of the cert!