What the hell is the deal with this PWCC auction

[1952boyntoncollector]

At least ebay allows you to see these things...imagine what goes on in the other houses where you have no idea about who 'outbid' you.

With pwcc's new rules in place, if you 'win' the item im sure they will let you back out of it if someone retracted a bid making you the high bidder..or if your bid is higher than any bid that was placed by a later bid retracter.

In addition, even if there arent any bid retractions in a specific auction but the bidding involves bidders with 10 retractions for example in the last 6 months,i would imagine pwcc will also let you out of your 'winning' bid.

until pwcc enforces someone to actually buy the item in an auction involving a bid retractor person..its sort of a non issue

[Peter_Spaeth]

Originally Posted by 1952boyntoncollector

At least ebay allows you to see these things...imagine what goes on in the other houses where you have no idea about who 'outbid' you.

With pwcc's new rules in place, if you 'win' the item im sure they will let you back out of it if someone retracted a bid making you the high bidder..or if your bid is higher than any bid that was placed by a later bid retracter.

In addition, even if there arent any bid retractions in a specific auction but the bidding involves bidders with 10 retractions for example in the last 6 months,i would imagine pwcc will also let you out of your 'winning' bid.

until pwcc enforces someone to actually buy the item in an auction involving a bid retractor person..its sort of a non issue

What rules? The current high bidder on the Robinson has 14 retractions in 6 months and Brent (Betsy) is explaining that they are legit because they have spent a lot of money with PWCC.

[1952boyntoncollector]

Originally Posted by Peter_Spaeth

What rules? The current high bidder on the Robinson has 14 retractions in 6 months and Brent (Betsy) is explaining that they are legit because they have spent a lot of money with PWCC.

right if they spent 40k that wouldnt of been enough but 60k is enough

Still, if you or I ended up winning that auction and we then asked to be let go of the obligation with no recourse and they allowed it, its still a non issue to me....at least there is transparency sort of in ebay auction....with ZERO in other auctions..

If people started backing out (beep beep) of their 'wins' due to bid retractions, i do believe pwcc would police it more...

[Peter_Spaeth]

Originally Posted by 1952boyntoncollector

right if they spent 40k that wouldnt of been enough but 60k is enough

Still, if you or I ended up winning that auction and we then asked to be let go of the obligation with no recourse and they allowed it, its still a non issue to me....at least there is transparency sort of in ebay auction....with ZERO in other auctions..

If people started backing out (beep beep) of their 'wins' due to bid retractions, i do believe pwcc would police it more...

I don't know how much is enough, but if you are going to make a big deal about your supposed 10 retraction policy, then enforce it and don't make exceptions for people who spend a lot of money with you, as that completely undercuts your credibility.

[1952boyntoncollector]

Originally Posted by Peter_Spaeth

I don't know how much is enough, but if you are going to make a big deal about your supposed 10 retraction policy, then enforce it and don't make exceptions for people who spend a lot of money with you, as that completely undercuts your credibility.

understood, bur if 'winners' start refusing to pay for their cards due to issues we discussed...it will resolve itself...

Another issue..is when if you have 10 bid retractions because you only retract in an auction when someone else retracts that was the high bidder.... People have stated here that they do that . It easily possible to have 50 bid retractions in a year if you are bidding on these HOF 1960s PSA 10 cards or 60s mantle PSA 8.5s of the world. A huge difference in what a winning price can be on those cards...and ripe for shill retractions (and countermeasure retractions from legit bidders)....same with 1980s PSA 10s etc