Quote:
Originally Posted by bnorth
I get what you are saying, I just see it way differently.
Lets go with your $5 value because it seems reasonable. Wouldn't PWCC charge more than that for fees and return postage of the unsold item? To me it seems like a win win for both parties. It also really pains me to say PWCC is doing anything correctly.
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Hey Ben,
This whole thing seems goofy, and IMO doesn't ultimately look good for PWCC no matter how you slice it if they can, and do, in fact just take someone's cards. I've never heard of any AH or seller in the hobby doing anything like this......ever! If you or anyone else is aware of this type of policy being currently, or at anytime in the past, practiced by anyone else in our hobby, I'ld love to hear about it, and who else it was doing it.
I get exactly what you're saying though, but would all the people that consigned, and then lost their cards, also agree? I don't think they all would. Plus, I went back and edited and added some more to my original post you quoted. Go back and see what else I added while you were responding. I can see this practice, if in fact it is what they are doing, creating more negative publicity for them that they don't need.
If nothing else, it also opens them up to potential accusations of giving false valuation estimates by accepting potential consignments from people who expect to sell their cards to make money, not just end up giving them to PWCC.
What I would suggest is that someone contact PWCC one more time for defintive clarification of exactly what they mean by "forfeited". I would follow-up that response from Heather Harrison by asking if that means if a card of mine that PWCC accepted for consignment and sale did not get even a minimum bid in their auction, and therefore didn't sell, that they (PWCC) took full and complete possession and ownership of my card, without any compensation at all to me from PWCC, whatsoever, and that if PWCC subsequently did sell my card in the future, as the immediately subsequent current owner of that card, they kept all the proceeds and I had the right to absolutely nothing ($0) from the sale of my card. And I would likely also include/ask Heather Harrison if upon their taking possession and ownership of my card for nothing, if that is what they are going to do, would they (PWCC) agree that I can then claim my full basis (cost I have in acquiring the card) as a potential loss on my next tax return that I will be submitting to the IRS. That would be just to let them know this transaction/activity of theirs could potentially have some tax and IRS compliance reporting consequences for myself, and possibly them as well, under the remote possibility they hadn't thought/known about that already.
I have not, nor do I ever intend to consign and sell anything with PWCC so, I'll leave the sending of such a follow-up, clarifying email to PWCC to others.
11-01-2021, 03:42 PM
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