Update on PWCC Bid Monitoring Program

nrm1977 · #1 04-24-2017, 11:57 PM

Quote:

Originally Posted by Republicaninmass

I've been convinced for a while that some of these said consignors/consignees have multiples people/multiple accounts bidding up items

edited: the watch count alone, having HUNDREDS more than others sellers with the exact same items, lends credence to this theory

I agree 100%.

On a side note, I still don't understand why there are 40+bids on an auction that is 10 days long with 9 days left. To me, this makes no logical sense. Meaning, why are bidding wars occurring with 9 days left on a 10 day auction? This alone is a huge red flag. What is stopping a cosigner to have 10 of his buddies drive the price up on day 1 of a 10 day auction? Which IMO is happening a decent amount in PWCC auctions.

Maybe I'm just not following why someone would even bid on a 10 day auction on day number 1? If I'm interested in a said auction, it first goes in my watch-list, I then look for other similar examples of the card on ebay, I come up with a price I'm willing to pay and place my bid with 10 seconds left. I can understand a bunch of bids coming in on the last day of the auction but, not on day 1 of a 10 day auction. It's very suspect to me.

Peter_Spaeth · #2 04-25-2017, 06:25 AM

Nick as i have said for years this seems to happen over and over on many of their big ticket cards.

D.P.Johnson · #3 04-25-2017, 06:55 AM

Quote:

Originally Posted by nrm1977

I agree 100%.

On a side note, I still don't understand why there are 40+bids on an auction that is 10 days long with 9 days left. To me, this makes no logical sense. Meaning, why are bidding wars occurring with 9 days left on a 10 day auction? This alone is a huge red flag. What is stopping a cosigner to have 10 of his buddies drive the price up on day 1 of a 10 day auction? Which IMO is happening a decent amount in PWCC auctions.

Maybe I'm just not following why someone would even bid on a 10 day auction on day number 1? If I'm interested in a said auction, it first goes in my watch-list, I then look for other similar examples of the card on ebay, I come up with a price I'm willing to pay and place my bid with 10 seconds left. I can understand a bunch of bids coming in on the last day of the auction but, not on day 1 of a 10 day auction. It's very suspect to me.

I think someone mentioned before they like to bid this way (early and often), to scare other bidders away. I wouldn't do it, but I guess it makes a little bit of sense. But, yeah...it happens quite a bit with this seller...

bnorth · #4 04-25-2017, 08:27 AM

Quote:

Originally Posted by nrm1977

I agree 100%.

On a side note, I still don't understand why there are 40+bids on an auction that is 10 days long with 9 days left. To me, this makes no logical sense. Meaning, why are bidding wars occurring with 9 days left on a 10 day auction? This alone is a huge red flag. What is stopping a cosigner to have 10 of his buddies drive the price up on day 1 of a 10 day auction? Which IMO is happening a decent amount in PWCC auctions.

Maybe I'm just not following why someone would even bid on a 10 day auction on day number 1? If I'm interested in a said auction, it first goes in my watch-list, I then look for other similar examples of the card on ebay, I come up with a price I'm willing to pay and place my bid with 10 seconds left. I can understand a bunch of bids coming in on the last day of the auction but, not on day 1 of a 10 day auction. It's very suspect to me.

The reason for all the early bidding is so the item gets more views. If you do not use a specific search function the items with more bids/views show up higher on the list. This early bidding/shilling is done by a few people to get their items more views.

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