New lawsuit accuses PWCC of massive shill bidding

[Peter_Spaeth]

Originally Posted by jingram058

Yet another reason for the inflation that has prevailed in "the hobby". Shenanigans like this.

So Alt alleges:
49. In addition, the fraudulent conduct by PWCC and the individuals with
whom it was complicit drove up comparable prices across the broader trading card market. Most
buyers and sellers (including Alt) relied on recent “comps” to determine trading card values.
During the relevant timeframe, PWCC was one of the biggest players in the auction space, and
PWCC comps were anchoring prices, influencing expectations, and driving market momentum.
Alt estimates that PWCC’s fraudulent conduct inflated market-wide trading card prices by over
40 percent.