Matty Portrait SGC 5 for $4k+

[Aquarian Sports Cards]

Originally Posted by Snapolit1

Two guys trying to top each other. . .trying to bid as little as they can to get it as cheaply as possible as the clock is running out . . . . Isn't that exactly how you figure ALL auctions end on eBay for highly coveted items? I do.

PWCC isn't an auction house where the closing clock gets reset repeatedly.

except these two were NOT at the very end. and one of them "string bid" according to Brent's definition about a dozen times advancing the bid up the minimum each time.

No one of these things (bid patterns, frequency with pwcc, etc) is conclusive, but taken as a whole it's at the least suspicious.

[griffon512]

Originally Posted by Aquarian Sports Cards

except these two were NOT at the very end. and one of them "string bid" according to Brent's definition about a dozen times advancing the bid up the minimum each time.

No one of these things (bid patterns, frequency with pwcc, etc) is conclusive, but taken as a whole it's at the least suspicious.

i've never understood the issue with "string bidding." why wouldn't a buyer want to increase the next bid the minimum amount in many auction scenarios assuming there is no bid retraction and the buyer pays? please explain.

as for the price of the matty, t206 prices of iconic hofers are outpacing the market, and the sgc 5 has better eye appeal imo than recent psa 5 sales in the mid 3k range.

we're seeing more examples of sgc cards getting psa prices in popular registry sets based on the eye appeal of the card rather than the grade or tpg company. that's a good thing for the hobby.

[Aquarian Sports Cards]

I don't care much about it but PWCC created a policy against it, but they don't enforce their own policies very consistently.

[Exhibitman]

1, 1.5 and 2 are all low grade, so I wouldn't read too much into the grades themselves. The "grade uber alles" mentality seems to be a trait of those trying to compete on the registry and those dudes aren't chasing 1.5 vs. 2. The eye appeal trend has been building for a while.

[Peter_Spaeth]

Originally Posted by griffon512

i've never understood the issue with "string bidding." why wouldn't a buyer want to increase the next bid the minimum amount in many auction scenarios assuming there is no bid retraction and the buyer pays? please explain.

as for the price of the matty, t206 prices of iconic hofers are outpacing the market, and the sgc 5 has better eye appeal imo than recent psa 5 sales in the mid 3k range.

we're seeing more examples of sgc cards getting psa prices in popular registry sets based on the eye appeal of the card rather than the grade or tpg company. that's a good thing for the hobby.

It also can be used abusively to run up the high bidder, if the string bidder stops just below his max. Sometimes depending on the bid amounts you can tell when the next bid will top. There was at least one guy who did this all the time in PWCC and Brent was aware of it. That bidder is no longer active.

It also looks suspicious when it's done right out of the gate, nobody realistically is trying to win the auction on day one of ten but PWCC auctions have, or had at least, a lot of early string bidding.

So it depends on context.

[griffon512]

Originally Posted by Peter_Spaeth

It also can be used abusively to run up the high bidder, if the string bidder stops just below his max. Sometimes depending on the bid amounts you can tell when the next bid will top. There was at least one guy who did this all the time in PWCC and Brent was aware of it. That bidder is no longer active.

yes, some of the time you can tell when the next bid will top but i don't believe in most instances you can, which makes it a high risk strategy unless you are willing to pay for the card or retract your bid. that's the reason i've focused on the message of eliminating serial bid retractors from participating in ebay auctions.

[Snapolit1]

Originally Posted by griffon512

yes, some of the time you can tell when the next bid will top but i don't believe in most instances you can, which makes it a high risk strategy unless you are willing to pay for the card or retract your bid. that's the reason i've focused on the message of eliminating serial bid retractors from participating in ebay auctions.

Logically it seems like the risk of this in a PWCC acution should be less than other eBay auctions, as Brett is going to collect payment whoever "wins" the item. If some guy is just listing an item himself and his buddy accidentally "wins" the item by bidding too high, they can just make believe the transaction never happened and re-list it. Or cancel the transaction on some fraudulent ground.

I once shiiled a Celine Dion meet and greet package at a live charity auction because my buddy who ran the event told me no way his friend was not going to win it. And it was for charity. And the winner was nearly a billionaire. But I still occasionally get a cold sweat thinking I had to pay $28,000 to meet her.

[swarmee]

Originally Posted by Snapolit1

I once shiiled a Celine Dion meet and greet package at a live charity auction because my buddy who ran the event told me no way his friend was not going to win it. And it was for charity. And the winner was nearly a billionaire. But I still occasionally get a cold sweat thinking I had to pay $28,000 to meet her.

So, was this illegal in the state you placed the bid? Thanks for your confession.

[Vintageclout]

Originally Posted by griffon512

i've never understood the issue with "string bidding." why wouldn't a buyer want to increase the next bid the minimum amount in many auction scenarios assuming there is no bid retraction and the buyer pays? please explain.

as for the price of the matty, t206 prices of iconic hofers are outpacing the market, and the sgc 5 has better eye appeal imo than recent psa 5 sales in the mid 3k range.

we're seeing more examples of sgc cards getting psa prices in popular registry sets based on the eye appeal of the card rather than the grade or tpg company. that's a good thing for the hobby.

EXACTLY Jim! Collectors rather stare at a beautiful card than a higher numerical grade. Many times, the “technical” aspects for a card’s grade allows for lower graded cards to easily outdistance higher assessments with regard to superior aesthetics. This circumstance is widespread with low to mid grade cards, and we are seeing it with pricing results.