Increcible prices for PWCC auctions

[milkit1]

I just got a holmes on holmes sgc10 chance for $130 from pwcc. I thoght that was a very good deal and pwcc was very quick on shipping. I think he has a lot of high enders following him and thus he gets pretty high prices on the high end stuff.

[Rob D.]

A $17 card sells for $35? I weep for our future.

[Peter_Spaeth]

VCP 475, recent sales in the low 400s. PWC 991. Must be that great service!
http://www.ebay.com/itm/1979-Topps-O...item5d3c9c02f4

[Peter_Spaeth]

New world record by a huge margin; if you take out PWCC's reported sales, only one of these ever went over ONE thousand. What's the secret?

http://www.ebay.com/itm/1973-Topps-M...p2047675.l2557

[jefferyepayne]

My opinion only and I've said this in the past. The sum of:

Card doctoring that gets by grader who are not very good + repeated submissions of cards until a dealer gets the grade they want + suspiciously high grades given to higher volume dealers + shill bidding in actions + buying the slab instead of the card = a huge bubble for high grade cards.

When this bubble eventually bursts, there's going to be a lot of unhappy collectors of PSA 8, 9, 10s. Don't be one of them.

jeff

[calvindog]

Love PWCC auctions! Won this one the other night:

http://offer.ebay.com/ws/eBayISAPI.d...m=140956616869

The underbidder bid $178 more than the bidder below -- and he bid on just 5 auctions in the past 30 days, all in PWCC auctions!

[chaddurbin]

Originally Posted by calvindog

Love PWCC auctions! Won this one the other night:

http://offer.ebay.com/ws/eBayISAPI.d...m=140956616869

The underbidder bid $178 more than the bidder below -- and he bid on just 5 auctions in the past 30 days, all in PWCC auctions!

safety bid successful!

[ZernialFan]

I know certain things sometimes go on in the hobby. But I have to say I've had some cards in the last B & L Auction with good results. I also had some cards in the last two PWCC Auctions. So far good results. A few cards went higher then I expected, but no shill bids by me or my friends. Many of the cards were mine from when I was a kid and later graded with no doctoring.
They were not PWCC cards. I'm sure I have high % with a few sellers as they seem to have cards that I'm interested and I keep returning to buy.
I know everything is not perfect as we would like it to be, but I felt I needed
to at least stick up for PWCC, so far, in my little corner of experience with them.

Charlie

[frankbmd]

Originally Posted by calvindog

Love PWCC auctions! Won this one the other night:

http://offer.ebay.com/ws/eBayISAPI.d...m=140956616869

The underbidder bid $178 more than the bidder below -- and he bid on just 5 auctions in the past 30 days, all in PWCC auctions!

I'm confused. Yes a 3 second shill is possible, but isn't this what happens when two people snipe bid in the same auction with a "gotta have it" mentality? Both bids within 6 seconds of the hammer. If the price is too high, aren't both parties equally guilty? Clearly the 3 second bidder, didn't know that a 6 second bidder was out there. Just a thought.

[calvindog]

Originally Posted by frankbmd

I'm confused. Yes a 3 second shill is possible, but isn't this what happens when two people snipe bid in the same auction with a "gotta have it" mentality? Both bids within 6 seconds of the hammer. If the price is too high, aren't both parties equally guilty? Clearly the 3 second bidder, didn't know that a 6 second bidder was out there. Just a thought.

Frank, I don't have a problem with two people putting a high snipe in -- it just seems bizarre that the underbidder only bids on PWCC auctions. And this isn't the first time such a thing has has happened in a PWCC auction. Or the second time. Or the third time.

Edited to add: this is not to say this is the auctioneer's fault -- it could be the consignor.

[Bwstew]

Did y'all see the Cobb that was tore in half and glued back together bring $415?

[scotgreb]

and he bid on just 5 auctions in the past 30 days, all in PWCC auctions! . . .

If you do any amount of research you'll find this is very common with PWCC auctions (and maybe other consignment sellers for all I know).

Some people care -- some people don't

[CMIZ5290]

Originally Posted by calvindog

Frank, I don't have a problem with two people putting a high snipe in -- it just seems bizarre that the underbidder only bids on PWCC auctions. And this isn't the first time such a thing has has happened in a PWCC auction. Or the second time. Or the third time.

Edited to add: this is not to say this is the auctioneer's fault -- it could be the consignor.

+1....

[Exhibitman]

Originally Posted by calvindog

Love PWCC auctions! Won this one the other night:

http://offer.ebay.com/ws/eBayISAPI.d...m=140956616869

The underbidder bid $178 more than the bidder below -- and he bid on just 5 auctions in the past 30 days, all in PWCC auctions!

Do I smell class action?

[glchen]

Originally Posted by calvindog

Love PWCC auctions! Won this one the other night:

http://offer.ebay.com/ws/eBayISAPI.d...m=140956616869

The underbidder bid $178 more than the bidder below -- and he bid on just 5 auctions in the past 30 days, all in PWCC auctions!

This was my consignment, and I can promise that I did not shill or safety bid this card or have any of my friends do the same. Note that I also consigned this same card but in a different tint in a recent Goodwin auction, and I was also the consignor of the Wajos if this same issue that went in both this one and Goodwin.

[calvindog]

Well, at least we can narrow down the guilty party to the auction house.

[bobbyw8469]

When a PSA 6 sells for as much, if not more than a PSA 8, it is mind boggling to me as well. Just a shred of research and a little common sense will tell you what a fair market price for a particular item is. When the above scenario happens though, it definitely smells fishy to me. This hobby has so many scenarios and sub-scenarios though - it would blow your mind if you knew everything that went on. I blame the almighty dollar....

[Peter_Spaeth]

Originally Posted by calvindog

Well, at least we can narrow down the guilty party to the auction house.

Careful Jeffrey you will get yourself banned!!

[CW]

Originally Posted by calvindog

Well, at least we can narrow down the guilty party to the auction house.

I would think the auction house would have a lot more to lose should they win the item themselves and then have to relist it, than they would have to gain from a few extra dollars commission by bidding an item up to $400.

Also, if the auction house were doing the actual shill bidding here, and they have a habit of doing so, wouldn't they have specific accounts that don't have 100% bid activity with PWCC, so that this wouldn't seem like such "obvious" shill bidding?

I am not naive enough to think shill bidding and scan manipulations do not occur with regularity in this hobby. I just feel that now we've learned that the consignor (Gary) did not do the shill bidding on the postcard w/ Ty Cobb, this may just be a case of another collector driving the price up with a snipe.

[KCRfan1]

Originally Posted by jefferyepayne

My opinion only and I've said this in the past. The sum of:

Card doctoring that gets by grader who are not very good + repeated submissions of cards until a dealer gets the grade they want + suspiciously high grades given to higher volume dealers + shill bidding in actions + buying the slab instead of the card = a huge bubble for high grade cards.

When this bubble eventually bursts, there's going to be a lot of unhappy collectors of PSA 8, 9, 10s. Don't be one of them.

jeff

I agree Jeff. I do believe that high grades are given to higher volume dealers and I have my own experience to draw from in that respect. About two years ago I purchased a PSA 10 from an ebayer who deals in highly graded PSA cards. This dealer turns lots of PSA's in selling. This was a one of one, and I actually believe the price on the card was a mistake by the seller since the price was extremely less than the other one of's they were selling. The card I bought was an icon of the game. I checked PSA for the population and it was a one of. I had owned the card for about six months and checked the population report again, and to my surprise ANOTHER PSA 10 had been granted. This card was over 40 years old and out of the blue another 10? Sure enough the same seller had the same card again in a PSA 10. Three months ago I unloaded mine. That is why I always try to buy raw cards.