AH (PWCC) Reality Check Please

1952boyntoncollector · #1 11-12-2016, 09:04 AM

i also have finding that many cards are just selling for less in general then they were a few month ago. Combine that with other circumstances like the election than thats a double down on potential sale price of less than hoped for.

However as leon said, you really only have snipers at the end of auctions...i put in my bids early (i say 3 hours before an auction ending is early to me) and the last second bids are snipers anyway that put their bids in already. However just losing out on one potential bidder is real $.

Peter_Spaeth · #2 11-12-2016, 09:18 AM

Yeah I imagine folks who bought a lot at the peak during the frenzy earlier this year may be a little regretful. A very nicely centered SGC 60 52T Mantle (and nice otherwise, a little tilt) just sold for 41K in Mile High, that seems well off the highs for 311s.

Snapolit1 · #3 11-12-2016, 10:35 AM

Quote:

Originally Posted by 1952boyntoncollector

i also have finding that many cards are just selling for less in general then they were a few month ago. Combine that with other circumstances like the election than thats a double down on potential sale price of less than hoped for.

However as leon said, you really only have snipers at the end of auctions...i put in my bids early (i say 3 hours before an auction ending is early to me) and the last second bids are snipers anyway that put their bids in already. However just losing out on one potential bidder is real $.

Well, I've never used a sniping service and I doubt I am the only
one.

tab · #4 11-12-2016, 10:54 AM

Quote:

Originally Posted by Snapolit1

Well, I've never used a sniping service and I doubt I am the only
one.

I have never sniped. I always bid early and put another bid in at the end.

clydepepper · #5 11-12-2016, 12:12 PM

Quote:

Originally Posted by tab

I have never sniped. I always bid early and put another bid in at the end.

It's my habit to wait as long as possible before putting in a bid - I always thought THAT was sniping.

Could someone please explain to this dumb guy exactly what sniping is?

Thanks,
Raymond

By the way, if enough folks who have had scheduling issues with PWCC contact them with that issue, would they be open to changing that practice?

As devil's advocate, I would think that it may just be the 'luck of the draw' i.e. if they schedule 'round the clock, someone has to get the bad slots. IMO

p

bnorth · #6 11-12-2016, 12:23 PM

Quote:

Originally Posted by clydepepper

It's my habit to wait as long as possible before putting in a bid - I always thought THAT was sniping.

Could someone please explain to this dumb guy exactly what sniping is?

Thanks,
Raymond

By the way, if enough folks who have had scheduling issues with PWCC contact them with that issue, would they be open to changing that practice?

As devil's advocate, I would think that it may just be the 'luck of the draw' i.e. if they schedule 'round the clock, someone has to get the bad slots. IMO

p

I manually snipe the same way you do. Most use a company to snipe for them and that is what most refer to as sniping.

Exhibitman · #7 11-12-2016, 12:28 PM

Raymond: sniping is using a service to execute a bid for you via computer program during the last few seconds of an auction. It avoids having a shill bidder eat away at a high bid you leave early and frees you from sitting on an auction close. It can save you a lot of money.

Runscott · #8 11-12-2016, 12:33 PM

Straight auctions on ebay generally succeed when the consignor shills his own auctions, the AH has employees who shill the auctions, or both.

I feel for you Steve, but it's a lesson all honest consignors have to learn once. Certainly the market price changes and the election night ending made it a triple-whammy for you (those two, plus your being honest).

Luke · #9 11-12-2016, 12:40 PM

Yeah, the timing wasn't great, but I was bidding in that auction and nothing that I wanted went for a bargain. I'm only talking about T206s, but the bidding seemed to be as strong as it normally is. I went big on a couple cards I really wanted and was surprised to be the under-bidder.

Snapolit1 · #10 11-12-2016, 12:43 PM

RunScott - thanks. I'm willing to let this thread die, having said what I needed to get off my chest, but I just wanted to add that I discovered your eBay store a month or so ago and you have extremely interesting, cool stuff. If anyone on the board hasn't checked it out and followed it you are making a huge mistake. Lots of stores are the S.O.S. Your store is really cool.
Steve

irishdenny · #11 11-12-2016, 12:44 PM

Quote:

Originally Posted by clydepepper

It's my habit to wait as long as possible before putting in a bid - I always thought THAT was sniping.

Could someone please explain to this dumb guy exactly what sniping is?

Thanks,
Raymond

By the way, if enough folks who have had scheduling issues with PWCC contact them with that issue, would they be open to changing that practice?

As devil's advocate, I would think that it may just be the 'luck of the draw' i.e. if they schedule 'round the clock, someone has to get the bad slots. IMO

p

https://www.gavelsnipe.com/log-in.php?ref=%2Fsnipe.php

Works Wit Ebay & Heritage...
" & It's Free Ray!"

ValKehl · #12 11-12-2016, 03:28 PM

I have never consigned to an eBay auction house, such as PWCC. But, from time to time, I have consigned items to catalog-internet auction houses as well as internet-only auction houses, and here is what I have learned from my experience in my efforts to better my return:

- There is no reason for me to pay a seller's commission in this day and age.
- If I feel my item is worth a 1/2 page exposure in the glossy auction catalog, I discuss this with the auction house, as I don't want a surprise later when my item only got a 1/5 page of catalog coverage.
- I make sure to confirm which auction my item will appear in. A month ago, I consigned an item to an auction house that had a catalog auction that ended very recently. At the time I consigned, I was told that my item could make it into this auction that just ended. I declined this, preferring to wait until their next catalog auction, because I knew that my item would either (1) appear in the last-minute-additions section at the end of the catalog, or (2) be included with the internet-only items that are not pictured in the catalog. IMHO, such inclusions are not going to maximize my return.
- I sometimes specify, or at least suggest, the starting bids for my items. If I am consigning a $1,000 item, I feel that a starting bid of $250 will imply that it is worth more than a staring bid of $100 will. I feel more strongly about this when I am consigning an obscure, low-demand item.
- I note on the consignment form info that I feel is very relevant and should be included in the catalog description of my item - e.g., rookie card, 1 of 2 graded, third highest graded, scarce type 3 back variation, scarce color variation, toughest common in the set, etc. Auction houses are not always aware of these nuances, and some auction houses don't do as much research as others.
Val

botn · #13 11-12-2016, 10:57 AM

The market continues to correct, just see Mile High's results, and election night did not help but I am sure there is someone else out there saying, "Auction ended 10:30 pm Wednesday night and the card arrives in my mailbox across the country on Saturday morning. Unreal. Best customer service in the business."

1952boyntoncollector · #14 11-12-2016, 11:37 AM

Quote:

Originally Posted by botn

The market continues to correct, just see Mile High's results, and election night did not help but I am sure there is someone else out there saying, "Auction ended 10:30 pm Wednesday night and the card arrives in my mailbox across the country on Saturday morning. Unreal. Best customer service in the business."

Thats good for the buyers to get good prices and fast delivery. As a consignor i would wait 3 months for my check if it meant i made money instead of getting a consignor check in a week on a net loss.

Snapolit1 · #15 11-12-2016, 11:39 AM

Apparently Brent at PWCC is the sole person who can't grasp why ending auctions at 11pm as the most dramatic presidential election in our lifetimes unfolded (with undoubtedly the live largest television audience of any event in our nation's history) was a lousy idea that hurt his consigners. Oh well. Live and learn.

1952boyntoncollector · #16 11-12-2016, 11:43 AM

Quote:

Originally Posted by Snapolit1

Apparently Brent at PWCC is the sole person who can't grasp why ending auctions at 11pm as the most dramatic presidential election in our lifetimes unfolded (with undoubtedly the live largest television audience of any event in our nation's history) was a lousy idea that hurt his consigners. Oh well. Live and learn.

I know i expected the outcome to be known early on the election like all the pollsters....the outcome was certainly a surprise.

I have now stayed up past my bedtime for game 7 of the world series and the election..

Beastmode · #17 11-12-2016, 09:06 PM

Quote:

Originally Posted by Snapolit1

Apparently Brent at PWCC is the sole person who can't grasp why ending auctions at 11pm as the most dramatic presidential election in our lifetimes unfolded (with undoubtedly the live largest television audience of any event in our nation's history) was a lousy idea that hurt his consigners. Oh well. Live and learn.

I know you don't snipe, but I would guess over 70% of the bidders on your card are snipping.

As for having it end during the election, PWCC does give you a forecast when your auction will occur, and their client portal has that information. I also believe there is a window where you can make changes/comments on your listing.

Not saying it's right to hold the auction on that particular time, but it's a slippery slope to start picking which world events need to be blacked-out by PWCC for bidding. The inauguration? When Trump guts Obamacare? When Trump launches warheads into Syria? When Hillary's supporters river of tears flood California?

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