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

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#16

06-12-2024, 01:21 PM

sportscardpete sportscardpete is offline

Pete

Pet.er ian.nic.elli

Join Date: Sep 2010

Location: New York

Posts: 1,482

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.

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