What the hell is the deal with this PWCC auction

[oldjudge]

Forget the retractions, why would anyone pay $22,000 for a 1965 Frank Robinson card? This is insanity.

[Peter_Spaeth]

Originally Posted by oldjudge

Forget the retractions, why would anyone pay $22,000 for a 1965 Frank Robinson card? This is insanity.

They aren't paying for the card, they are paying for the flip, Jay.

[orly57]

Originally Posted by Peter_Spaeth

They aren't paying for the card, they are paying for the flip, Jay.

Peter, you are on fire today. 👏👏👏

[spaidly]

Originally Posted by oldjudge

Forget the retractions, why would anyone pay $22,000 for a 1965 Frank Robinson card? This is insanity.

OMG. So much this ^^^^^^^^^^^

[iowadoc77]

Originally Posted by oldjudge

Forget the retractions, why would anyone pay $22,000 for a 1965 Frank Robinson card? This is insanity.

For my #1 PSA registry set, of course.

[mechanicalman]

What's the over/under that this card will be featured in a PSA ad in their SMR magazine where it shows the ungraded value at $4 and a graded value at $34,582.

[Beastmode]

A new level or retractivism. Retracting within a bid while have over 10 retractions in the last 10 months. And still high bidder........

[Fred]

I wish I had unlimited resources. I'd buy the damn thing, crack it out in front of a video camera with a bunch of "reputable" witnesses that know nothing about card collecting. I would then submit the card to PSA for grading. Since it's me, I'm going to guess I can guarantee a 9 grade and maybe a 9.5 grade. Then I'd put it back to auction and see what it gets. Then I'd publish exactly what occurred and show everyone just how stupid this hobby has become.

[Jay Wolt]

Originally Posted by Fred

I would then submit the card to PSA for grading. Since it's me, I'm going to guess I can guarantee a 9 grade and maybe a 9.5 grade.

PSA doesn't have a 9.5 grade

[Brent Huigens]

This is an extremely frustrating situation for us. We have been in communication with both bidders who retracted bids on this listing. The original high bidder (the first bidder to retract) clearly retracted in violation of eBay and PWCC policy. Following our communication that bidder cancelled yet another bid and is now permanently blocked from participating in future auctions. The other bidder (the current high bidder) became frustrated by the first retraction and understandably questioned the legitimacy of the auction. He/she then retracted again to change his/her max bid given the fact that it had been revealed by the original retraction. He/she is a very regular bidder and has spent almost $60k with PWCC in the last three months, and has every intention to proceed with the purchase should he/she win the card.

We have emphasized this very case with eBay Trust & Safety as a textbook example of the problems that bid retractions cause to the auction environment.

Betsy Huigens
PWCC Auctions