PWCC to Become Fanatics Collect While Fanatics Inks High-End Auction Deal w/Sotheby�s

peterose4hof · #1 06-12-2024, 10:14 AM

Interested to see how this works.

"Later this year, Fanatics Collect will introduce a range of new updates, including peer-to-peer trading, AI-powered concierge services, card scanning and digital collectibles."

CardPadre · #2 06-12-2024, 10:22 AM

Quote:

Originally Posted by peterose4hof

Interested to see how this works.

"Later this year, Fanatics Collect will introduce a range of new updates, including peer-to-peer trading, AI-powered concierge services, card scanning and digital collectibles."

I can only imagine it will be done between cards in their vault. I'd be beyond surprised if they tried to facilitate any trades outside of it.

.

parkplace33 · #3 06-12-2024, 12:10 PM

The only thing shocking about this news in that it took this long for PWCC to rebrand.

Republicaninmass · #4 06-12-2024, 01:01 PM

Jumping the shark here IMO. Nobody is paying $200 in shipping for their psa 4 Jordan RC

Republicaninmass · #5 06-12-2024, 01:01 PM

Quote:

Originally Posted by parkplace33

The only thing shocking about this news in that it took this long for PWCC to rebrand.

.......snowjob has entered the chat

sportscardpete · #6 06-12-2024, 01:21 PM

I had a few conversations within and outside the hobby on this news. Outside the hobby, I have heard that auction houses outside of Sotheby's are now "Dead". Obviously that is not true. Within the hobby, there is a lot of skepticism as to how targeting cards over $100k would work. Obviously that is a very competitive, relationship driven market, and often times they come at deeply reduced rates. To be honest - and this is just me speculating - if you are Sotheby's, and you are used to commissions much higher than sports cards, are you really going to sell a card at a -10% rate for $100k? And, if you are a collector, do you trust them over the typical sports auction house route? I think it will take years for Sotheby's to establish themselves, and maybe then will they be super competitive. I see this news as nothing - for now - but curious how it looks in a few years.

Exhibitman · #7 06-12-2024, 02:41 PM

“It’s a strategic, long-term decision for the business that will allow us to further enhance and support the broader collector ecosystem,” a Fanatics spokesperson told SC Daily at the time. “PWCC has built a strong business with great tech, a leading marketplace and vault. Bringing them into Fanatics Collectibles will give us the opportunity to further build and strengthen on the foundation that exists today and ultimately deliver a lot of value to our fans/collectors.”

In other words: "We just weren't able to wash the doody smell off of the PWCC brand no matter what we did, so we are gonna relabel it and hope we get the stink out of it that way." I don't blame them for trying to salvage the brand for a year; when you step in dog shit you don't always have to throw away your shoes.

brianp-beme · #8 06-12-2024, 03:11 PM

Quote:

Originally Posted by Exhibitman

�It�s a strategic, long-term decision for the business that will allow us to further enhance and support the broader collector ecosystem,� a Fanatics spokesperson told SC Daily at the time. �PWCC has built a strong business with great tech, a leading marketplace and vault. Bringing them into Fanatics Collectibles will give us the opportunity to further build and strengthen on the foundation that exists today and ultimately deliver a lot of value to our fans/collectors.�

In other words: "We just weren't able to wash the doody smell off of the PWCC brand no matter what we did, so we are gonna relabel it and hope we get the stink out of it that way." I don't blame them for trying to salvage the brand for a year; when you step in dog shit you don't always have to throw away your shoes.

My loved one likes to say that stepping into dog poo brings you good luck. Perhaps that is what Fanatics thought when acquiring PWCC, and have now finally come to the realization a year later that they have to scrape off the dried up stuff for this luck to come.

brianp(arker)-beme

raulus · #9 06-12-2024, 03:33 PM

Quote:

Originally Posted by brianp-beme

My loved one likes to say that stepping into dog poo brings you good luck.

Maybe the effect is limited to just those who are barefoot?

brianp-beme · #10 06-12-2024, 03:47 PM

Quote:

Originally Posted by raulus

Maybe the effect is limited to just those who are barefoot?

I am pretty sure she was talking about those wearing footwear. I believe folks stepping into it barefoot are not only unlucky, but plain just had it coming. It is especially unlucky if it ends up getting between the toes.

Brian

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