PWCC Videos and Future Auction

[Snowman]

Something that I think will be interesting is to see how well the way they run auctions will work with lower valued cards. Nowadays on eBay, most card auctions are won within the final few seconds through snipe bids. eBay might as well be a silent auction site now. It's a totally different ballgame than the way their auctions used to run 10+ years ago. Before, everyone placed their true bids earlier on and you had opportunities to outbid and be outbid all the way through the course of an auction. That aspect is mostly gone now. With PWCC auctions, snipe bids won't be a thing. You can't really place them because of the extended bidding. It'll be interesting to see how this affects hammer prices of $100 to $1000 cards on their platform. I suspect there might be some pretty good bargains that slip through the cracks with some degree of regularity. But I also suspect that we might see larger separation on their platform for disparities between cards with the same grade (e.g., greater separation between a BGS "True Gem Plus" and a BGS "Min Gem"). I think the cards that have aspects like perfect centering on a 10, or really clean crisp autos, or well centered 7s and 8s will see more separation in a setting with extended bidding than they might otherise get on eBay's snipe-heavy platform.

Originally Posted by jchcollins

Short of somehow being found massively criminally liable for all the drama of the past 2-3 years (doubtful...) I think this will be at most a blip on PWCC sales / profitability. If they are allowed to continue to have a platform to sell, and they continue to have the goods, then they will sell. Nothing throughout the pandemic of late has done much to prove that anything matters to the vast majority of collectors and investors beyond just...stuff. I could be proven wrong, but if that were going to change in any way, I think it would have already.

I agree. Unless PWCC blows up in flames for criminal behavior (which seems unlikely at this point, though certainly still possible) then this is likely to only be a temporary setback. PWCC will probably become the most serious competitor to eBay anywhere online. I think this could be a good thing for the hobby. eBay needs some competition. They have an unhealthy monopoly on this market.

Originally Posted by Johnny630

I wonder what would happen if a card was purchased off their platform that was later found to be altered by BODA?

Probably nothing. They might help a buyer to take it up with the grading company if they're lucky? And really, why should they be held responsible? They're a consignment company. That's a pretty big ask to expect them to be responsible for what is essentially regrading and certifying cards that were already graded and certified by professional grading companies.