PWCC Juggernaught

[botn]

Originally Posted by pokerplyr80

Thats right, it was regarding the number of retractions a bidder has that he said he doesn't see. Either way with 10k listings in monthly auctions it would be hard to monitor the bidding history and patterns for them all. If we are concerned as a community about shilling in his auctions and others I still say it's a good idea to take him up on his offer to look into to any suspicious activity reported to him. As big as his business has gotten any time I have reached out to him he has responded personally in a timely manner.

Like Jake, I can see that Brent can do no wrong with you either, which is fine. I am not saying Brent is doing wrong but it is his business and there are things he can do, 10,000+ listings a month or not, to make sure the integrity of his listings are not compromised. If people want to protect their consignments or establish false market values by bidding up their consignments, they will find a way to do that with Brent taking all the steps he can to ensure it does not happen. My gut tells me there is not a whole lot of incentive to do so and so far absolutely no consequences should steps not be taken to keep the listings clean. Brent makes money and gets future consignments, eBay makes their cut and collectors get the cards they want so it is a win win even if they are paying far more than the card would have otherwise sold for.

[GregMitch34]

The problem with shills bids or consignors simply running up the bids to a "fair" value is that many people find it fun (or valuable) to try to get a "bargain" or maybe even a "steal" from time to time, to balance the times you overpay or value of a card plunges. If consignor bidding up the price eliminates any chance for a bargain it discourages people from even looking at what to bid on. PWCC has a reputation for getting high prices, which is fine, except that it also has a reputation for rarely--unless you really bid a lot and are super alert--providing that big bargain. I've stopped paying as much attention because of that, while still winning a card here and there, though rarely at bargain price.

[pokerplyr80]

In response to Greg and Peter, I'm not saying he can't do any wrong, or shouldn't be held accountable if something improper or illegal is happening in his auctions. I'm saying he offered to look into any allegation. If either if you suspect something in this auction, or others as you mentioned, why not email him the evidence and see what he has to say?

[botn]

Originally Posted by GregMitch34

The problem with shills bids or consignors simply running up the bids to a "fair" value is that many people find it fun (or valuable) to try to get a "bargain" or maybe even a "steal" from time to time, to balance the times you overpay or value of a card plunges. If consignor bidding up the price eliminates any chance for a bargain it discourages people from even looking at what to bid on. PWCC has a reputation for getting high prices, which is fine, except that it also has a reputation for rarely--unless you really bid a lot and are super alert--providing that big bargain. I've stopped paying as much attention because of that, while still winning a card here and there, though rarely at bargain price.

Problem is that as a bidder you do not know if the people you are bidding against are engaged in spirited bidding or if they are simply protecting their consignments or trying to establish significantly higher market values. Getting an item for less than you are willing to pay is great but that is not always necessary for all purchases to be worthwhile.

[pokerplyr80]

Originally Posted by botn

Problem is that as a bidder you do not know if the people you are bidding against are engaged in spirited bidding or if they are simply protecting their consignments or trying to establish significantly higher market values. Getting an item for less than you are willing to pay is great but that is not always necessary for all purchases to be worthwhile.

That is true. I tend to post comments on these type of threads that are pro-pwcc because I feel he is unfairly singled out. This type of activity most likely takes place at every major auction house and in auctions from most if not all ebay sellers who accept consignments. Heritage states they shill their own auctions in their terms and conditions. I wouldn't be surprised to find out this is the case with others. I don't remember many other AH owners discussing shilling and what they try to do to stop it, other than Brent, and I feel he does deserve some credit for that at least.

[botn]

Originally Posted by pokerplyr80

That is true. I tend to post comments on these type of threads that are pro-pwcc because I feel he is unfairly singled out. This type of activity most likely takes place at every major auction house and in auctions from most if not all ebay sellers who accept consignments. Heritage states they shill their own auctions in their terms and conditions. I wouldn't be surprised to find out this is the case with others. I don't remember many other AH owners discussing shilling and what they try to do to stop it, other than Brent, and I feel he does deserve some credit for that at least.

Many houses have caught a great deal of flack here over the years when record prices were being achieved over and over. Those raising the issue did so simply based on the final price of the auctions and had nothing else to go on.

There is far more for us to see with auctions conducted on eBay, in spite of ebay putting bidders at a great disadvantage by blocking IDs and removing the ability to search the buying history of a user. PWCC is also not the only eBay consignment seller who has been questioned either.

[pokerplyr80]

I think we're all in agreement it would be nice if all ebay sellers and auction houses would do more to prevent shilling and market manipulation.

As to Jake's comment on the Clemente I'm certainly glad no one took me up on the offer here. Although it appears I may have sold it a day two soon based on the PWCC 7 and the one that's up at Heritage now. Still I can't complain, I was very happy with what I got at the time it sold.

[Mdmtx]

I have no idea one way or another about pwcc, so I am not commenting on their merit. However there seems to be some opinion that he is too big to manage his business. With that mentality the big chain fast food places should not be accountable if they sold horse burgers with ground up glass in them? A person is ALWAYS responsible for that which they represent

Mark Medlin

[1952boyntoncollector]

Originally Posted by GregMitch34

The problem with shills bids or consignors simply running up the bids to a "fair" value is that many people find it fun (or valuable) to try to get a "bargain" or maybe even a "steal" from time to time, to balance the times you overpay or value of a card plunges. If consignor bidding up the price eliminates any chance for a bargain it discourages people from even looking at what to bid on. PWCC has a reputation for getting high prices, which is fine, except that it also has a reputation for rarely--unless you really bid a lot and are super alert--providing that big bargain. I've stopped paying as much attention because of that, while still winning a card here and there, though rarely at bargain price.

And that big bargain to the buyer is the seller getting crushed....sellers never complain about getting crushed..they love to give bargains......lets face its an auction..we are going to have to pay market price and/or what the consignor is willing to really let it go for .....private sales are the way to go if you are looking for deals or buying in bulk, jessie listed his clemente rookie for 7k on net54.....not sure why people are looking for 'deals' on ebay auctions with no or fake reserves...why not buy the card direct and pay up and not worry about losing an auction in the last few secs...

you bid against the coke machine in auto auctions with no 'reserve'...

[Snapolit1]

I get that everyone loves to get a bargain, and I'm not pro-shilling, but what's the real harm if PWCC starts a 52 Mantle worth $175,000 at 99 cents and the consignor or his brother quickly run the card up to $100,000. You didn't think the whole world was asleep and you were going to get the card at $19.99 did you?
OK, attack me . . . .

[GregMitch34]

The problem isn't running it up to $100,000 but to full price of $175,000. That's not bidding, that's starting an auction at $175,000 in reality, not 99 cents.... No one's calling for a large number of "big bargains"--but without even the chance for one many many lose interest. As you say, just wait for the same card to appear as a BIN at the same price, or lower.