Quote:
Originally Posted by Qcards
I am curious to see what collectors think of a card of this magnitude being offered on eBay as opposed to a traditional auction house.
I am wondering if this marks a change in the auctioning of high end cards going forward?
The consignor could easily have consigned to any number of traditional HA's and had his card sold for 0% consignor fee and even 5% back to him from some houses.
In this scenario with PWCC, he will have 10% deducted from his final sale price but is probably banking on the fact that bidders will not have the traditional 20% buyer premium to factor in to the final sale price so the seller will actually net 10% extra selling his card this way.
Also, the consignor does not have to wait very long to get paid. It seems to me like auction houses will always have their place for memorabilia etc. but if it just a matter of nice front and back scans and presenting to a large audience, it looks like PWCC has this covered.
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Well, technically, PWCC's fee on any cards that sell over $5000 is 8%, not 10%. So this would be like getting 12% back from auction houses. And I assume PWCC probably gave the consignor a sweeter deal than the 8% as the final value fee from ebay for this sale will be a maximum of $250 no matter how high the card sells for.
Saying that, I don't know how many bidders who can bid the card up to $300-400K like using ebay to buy these type of cards. I know there are other examples such as when Action Comics #1 was sold on ebay, I believe. Still, my guess is that it won't reach the bid price of ~$400K that a PSA 8 did for Goldin or Heritage earlier this year.