PWCC reeling from losing my business!

[999Tony]

I recently posted that I wasn't bidding on a low grade common lot of Butterfinger premiums because they were in a PWCC auction. The auction concluded with total price with shipping just under $50. I would have bid about $20 higher. So this might have cost PWCC $3-4 or even more!*

How many more financial shocks like this can PWCC handle before it collapses?


*(Yeah I know depends if winner would have kept bidding against me)

[ALBB]

They will not be able to handle much more of that

[Snapolit1]

Brent probably called an emergency meeting this morning of upper management.

At this point anyone who thinks they are going to fare better with him with a really special card (lower commisssion I understand) than a real AH should have their head examined. If I see a nice card with him I immediately assume it’d been under the knife. Same logic I employ in topless bars where things just look too perfect.

[ullmandds]

Welllllllll...I'd have to think between the legal fees they're payiing JL...the refunds they've been giving and the fact some people are not soliciting their services..they're feeling something...and it aint warm apple pie!

[bobbyw8469]

Originally Posted by snapolit1

brent probably called an emergency meeting this morning of upper management.

At this point anyone who thinks they are going to fare better with him (lower commisssion i understand) than a real ah should have their head examined. If i see a nice card with him i immediately assume it’d been under the knife. Same logic i employ in topless bars where things just look too perfect.

lol!!!

[Stampsfan]

Originally Posted by Snapolit1

...If I see a nice card with him I immediately assume it’d been under the knife. Same logic I employ in topless bars where things just look too perfect.

OK that is really funny!!

Sometimes things are simply too good to be true.

[japhi]

I know op is an attempt at satire, but here is the thing. You can’t look at individual cards and try to draw a conclusion. The proper way to size impact would be total sales volume by auction MOM and YOY. Not sure if this data is available but if it was it would be interesting to see that 2008 fall auction is up or down x% YOY.

Another thing to consider is we are in one of the greatest asset bubbles we will likely ever see. No hobby scandal can counter the absolute flush of cash that is flowing into RE, art, equities, etc.

Last, Brent himself is on record stating that 15-30 collectors are driving the whole top end of the market. So it wouldn’t take too many of these collectors to move to the sidelines to impact prices. That said, these same collectors have incentive to keep the party going, which takes me back to asset bubble. Nothing is going to change as long as money is cheap and accessible.

[Copa7]

As soon as I see those letter - PWCC - I think someone of cutting and carving.

I save money by not buying anything with those letters.

[Stampsfan]

Originally Posted by japhi

Last, Brent himself is on record stating that 15-30 collectors are driving the whole top end of the market.

Is this a fact that he said that? Wow if true. Not exactly a business based on volume.

I’d love to see a reference to that or some metrics to back that up. I bet there are more cars doctors than that.