Quote:
Originally Posted by CardPadre
Just an add-on item to a PWCC thread, did anyone know that they keep your cards if they don’t get the minimum $10 bid at auction?
I just found this when reading through all their terms and faqs. Out of the 40,000+ cards for sale during their first monthly auction, almost 3000 went without bids and are now owned by PWCC. Wonder if all those owners were made clearly aware of that possibility or if it will be a surprise.
- William Stady
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I believe you may have misunderstood their policy. It sounds like they're saying that if a card in their auction gets no bids that they keep it to relist in their next auction, not that they actually own the card. I imagine that if/when the card sells in a subsequent auction that they still send the net proceeds from the sale to the original consignor. Sounds like they're trying to protect themselves from the effort and costs of dealing with people who send them items that end up not being worth even the initial bid amount they set their auctions at. Not sure how they actually handle the determination and acceptance of consigned items, but this policy may keep them from having to expend the time and incur the shipping costs of constantly having to send back items that aren't worth their standard minimum auction starting bid.