PWCC Auction Ending Tonight - Interesting Results

[Goudey77]

I still think PWCC comes out of this stronger than ever. If the market is slowing overall then I get it. To say trend is isolated to PWCC would be too early to say.
I know there is a lot of focus and attention towards PWCC since they appear to be the most fluid and ground breaking AH service around. Go ahead bash on my opinion it's ok.

[Snapolit1]

Originally Posted by Goudey77

I still think PWCC comes out of this stronger than ever. If the market is slowing overall then I get it. To say trend is isolated to PWCC would be too early to say.
I know there is a lot of focus and attention towards PWCC since they appear to be the most fluid and ground breaking AH service around. Go ahead bash on my opinion it's ok.

Totally disagree. That's like saying the landlord in town who is ripping everyone off and got caught is going to come out of it stronger than ever after the DA is done subpoenaing them and crawling up their ass with a microscope. I guess if past history means absolutely nothing to people buying cards they will come out stronger.
Bottom line is very few if any of the cards they are selling can't be bought elsewhere.

[bnorth]

Originally Posted by Snapolit1

Totally disagree. That's like saying the landlord in town who is ripping everyone off and got caught is going to come out of it stronger than ever after the DA is done subpoenaing them and crawling up their ass with a microscope. I guess if past history means absolutely nothing to people buying cards they will come out stronger.
Bottom line is very few if any of the cards they are selling can't be bought elsewhere.

Your landlord analogy is perfect here. I know a few "Slum Lords" and they do 100% always come out on top. They have been making WAY more for a very long time because of the way they do business. The getting caught is just a minor bump in the big picture. In reality the landlords have it harder because they don't have a bunch of morons and idiots making excuses for them. Strangely they do have morons and idiots lining up to do business with them even though they know what they are getting into.

One other great thing with the scammers in cards is their "friends". I noticed at first everyone hated the card doctors. Then when names started coming out many of the same people switched their hate to PSA. Guess it sucks when you find out your "friend" is a bad guy.

[perezfan]

Originally Posted by Snapolit1

Totally disagree. That's like saying the landlord in town who is ripping everyone off and got caught is going to come out of it stronger than ever after the DA is done subpoenaing them and crawling up their ass with a microscope. I guess if past history means absolutely nothing to people buying cards they will come out stronger.
Bottom line is very few if any of the cards they are selling can't be bought elsewhere.

I agree with this. There's no shortage of other outlets who feature the same exact cards, with far less margin for error. And while PWCC may survive this (which remains to be seen, based on the severity of punishment from LE), I also believe their best days are behind them.

[Peter_Spaeth]

Originally Posted by Snapolit1

Totally disagree. That's like saying the landlord in town who is ripping everyone off and got caught is going to come out of it stronger than ever after the DA is done subpoenaing them and crawling up their ass with a microscope. I guess if past history means absolutely nothing to people buying cards they will come out stronger.
Bottom line is very few if any of the cards they are selling can't be bought elsewhere.

If only there was one landlord ripping everyone off.

[Bigdaddy]

Originally Posted by Snapolit1

Totally disagree. That's like saying the landlord in town who is ripping everyone off and got caught is going to come out of it stronger than ever after the DA is done subpoenaing them and crawling up their ass with a microscope. I guess if past history means absolutely nothing to people buying cards they will come out stronger.
Bottom line is very few if any of the cards they are selling can't be bought elsewhere.

One big note here is that PWCC has plenty of competition in several other auction houses. They always seemed to have 'nice stuff', but maybe that was because they were enabling the doctors to bring it to market. If that distinction of having the best stuff goes away, it would be easy for folks to walk away from PWCC. There is nothing to lose. And as soon as the buyers stop buying, the consignors will stop consigning.

PSA on the other hand, has very limited competition and unless another entrant stands up or SGC really steps up their game, that won't change. People have a lot of money on the line with the PSA entombed cards, and folks would lose a lot of money by moving from PSA.

I can see the scenario where PWCC takes a big hit but PSA keeps steam-rolling right along.

[Snapolit1]

Interesting to me how many 7 and 8s Goudeys and US Caramels and Cracker Jacks PWCC used to have compared to what they sell today. I would hate to look back 2 years and take a hard look at what they were selling back then. Every auction seemed to have 3 Gehrig Goudey 7s.

[Peter_Spaeth]

Originally Posted by Bigdaddy

One big note here is that PWCC has plenty of competition in several other auction houses. They always seemed to have 'nice stuff', but maybe that was because they were enabling the doctors to bring it to market. If that distinction of having the best stuff goes away, it would be easy for folks to walk away from PWCC. There is nothing to lose. And as soon as the buyers stop buying, the consignors will stop consigning.

PSA on the other hand, has very limited competition and unless another entrant stands up or SGC really steps up their game, that won't change. People have a lot of money on the line with the PSA entombed cards, and folks would lose a lot of money by moving from PSA.

I can see the scenario where PWCC takes a big hit but PSA keeps steam-rolling right along.

Lots of people are enabling card doctors to bring their material to market.

[Johnny630]

Originally Posted by Bigdaddy

One big note here is that PWCC has plenty of competition in several other auction houses. They always seemed to have 'nice stuff', but maybe that was because they were enabling the doctors to bring it to market. If that distinction of having the best stuff goes away, it would be easy for folks to walk away from PWCC. There is nothing to lose. And as soon as the buyers stop buying, the consignors will stop consigning.

PSA on the other hand, has very limited competition and unless another entrant stands up or SGC really steps up their game, that won't change. People have a lot of money on the line with the PSA entombed cards, and folks would lose a lot of money by moving from PSA.

I can see the scenario where PWCC takes a big hit but PSA keeps steam-rolling right along.

You’re spot on with your last part.

PSA is Teflon it doesn’t matter if they grade bad cards or not. The cards keep coming in for their opinion.

[Aquarian Sports Cards]

Originally Posted by Bigdaddy

One big note here is that PWCC has plenty of competition in several other auction houses. They always seemed to have 'nice stuff', but maybe that was because they were enabling the doctors to bring it to market. If that distinction of having the best stuff goes away, it would be easy for folks to walk away from PWCC. There is nothing to lose. And as soon as the buyers stop buying, the consignors will stop consigning.

Focusing on this portion of your response I would agree that the quickest change possible is possible here, but people have to vote with their cards and their cash.

If the cards start going to the REA's, Sterling's, LOTG's etc... the dollars will follow. Likewise if the dollars stop going to PWCC consignments the consignments will go elsewhere. This COULD be an incredibly quick process if ethics outweighed money and "stuff." Even here on Net54 which is pretty close to the epicenter of the scandal we have people still consigning and buying from bad actors. Every sale and consignment decreases the chance that the guilty parties have to find a new way to make a living.

[calvindog]

Originally Posted by Aquarian Sports Cards

Focusing on this portion of your response I would agree that the quickest change possible is possible here, but people have to vote with their cards and their cash.

If the cards start going to the REA's, Sterling's, LOTG's etc... the dollars will follow. Likewise if the dollars stop going to PWCC consignments the consignments will go elsewhere. This COULD be an incredibly quick process if ethics outweighed money and "stuff." Even here on Net54 which is pretty close to the epicenter of the scandal we have people still consigning and buying from bad actors. Every sale and consignment decreases the chance that the guilty parties have to find a new way to make a living.

Tell me, who are the good actors?

[Flintboy]

There are people who deal with others on this board with honesty and integrity. I consider them “good actors”.

There are people who have gone silent since this scandal has broke who used to post quite often on here........

[Aquarian Sports Cards]

Originally Posted by calvindog

Tell me, who are the good actors?

I wasn't being cryptic I named three that seem like "good guys" to me and I'm sure there are others.

[Peter_Spaeth]

Originally Posted by Aquarian Sports Cards

I wasn't being cryptic I named three that seem like "good guys" to me and I'm sure there are others.

You did better than Diogenes, he couldn't come up with one.

[edhans]

Originally Posted by Aquarian Sports Cards

.

Even here on Net54 which is pretty close to the epicenter of the scandal we have people still consigning and buying from bad actors.

Not to mention doing bulk submissions to PSA.

[Johnny630]

Originally Posted by edhans

Not to mention doing bulk submissions to PSA.

It’s all about the money....They still perceive PSA slabs around their cards will bring them more money when they sell.

PSA has a Teflon Business people flock to them it doesn’t matter how many altered cards they slab. Pop and Registry have them hooked like a trailer.

PSA has been smart having yet to address any of the underlying issues with their company grading tens of thousands of bad altered cards. They know people are hooked and many rely/need them for their business ....they won’t bite the hand that feeds them. This continues to prove itself day in and day out based on submission and altered cards in their holders showing up in the Major Auction Houses.
Right, Wrong or Indifferent........ PSA they’re here to stay only getting stronger.

[buymycards]

Originally Posted by Johnny630

It’s all about the money....They still perceive PSA slabs around their cards will bring them more money when they sell.

PSA has a Teflon Business people flock to them it doesn’t matter how many altered cards they slab. Pop and Registry have them hooked like a trailer.

PSA has been smart having yet to address any of the underlying issues with their company grading tens of thousands of bad altered cards. They know people are hooked and many rely/need them for their business ....they won’t bite the hand that feeds them. This continues to prove itself day in and day out based on submission and altered cards in their holders showing up in the Major Auction Houses.
Right, Wrong or Indifferent........ PSA they’re here to stay only getting stronger.

I agree that PSA is getting stronger. A few months ago I was at a card show and I was looking at an SGC 30 T206 Walter Johnson. The seller was asking $450, and I thought that was a decent price, but I decided not to buy it. A couple of months later, I went to another show and looked up the dealer and asked him if he still had the Johnson, and I planned on buying it. However, he had sent it to PSA and it came back as a PSA 2. The dealer told me that now that it was in a PSA holder he was asking $650, so of course, I didn't buy it.

Same card, same grade, different grading company, but $200 higher asking price. As a buyer, that formula doesn't add up for me.

[bobbyw8469]

Originally Posted by edhans

Not to mention doing bulk submissions to PSA.

I don't trim my cards. I don't add color to my cards. Let's speak hypothetically. Because there are criminals living in my town, am I supposed to move?? Some of you really need to get off the holier than thou attitude.

[bnorth]

Originally Posted by bobbyw8469

I don't trim my cards. I don't add color to my cars. Because there are criminals living in my town, am I supposed to move?? Some of you really need to get off the holier than thou attitude.

People are nice enough to leave your silly thread alone you should do the same.

Do you support those criminals like you support PSA? Maybe you should pull your head out of the sand and see PSA is part of the problem and people like you who keep submitting to them are also part of the problem.

[bobbyw8469]

I never told Gary Moser to trim cards and make millions. Meanwhile, I am struggling to make $5-$10 flipping a card. Yet I am supposed to stop submitting my raw cards to PSA because of what Gary Moser did? The soapbox mentality of some of you get old.

[Johnny630]

Originally Posted by bobbyw8469

I don't trim my cards. I don't add color to my cards. Let's speak hypothetically. Because there are criminals living in my town, am I supposed to move?? Some of you really need to get off the holier than thou attitude.

I agree with you on many aspects but let this thread be about bashing the bad apples lol you’re not one of them.
I have nothing against you for submitting to PSA I don’t think you’re the problem one bit :-)

My points in my previous post are direct,
to the point, and exactly what it is. That’s all I don’t begrudge anyone.

[edhans]

Originally Posted by bobbyw8469

Some of you really need to get off the holier than thou attitude.

It's not a matter of holiness, Bobby. It's about principles. Your continued support of this company sends the message that their aiding and abetting the fraud being perpetrated on the hobby, not to mention the denial thereof, is a perfectly acceptable business practice.

[Fuddjcal]

Originally Posted by edhans

Not to mention doing bulk submissions to PSA.

right, blithering morons who know about the billion $$$ scam but support it because they obviously lack education. It's absurd and laughable how people can turn a blind eye to an obvious scam. They can't stop popping. it's way too exciting to pop, I guess and spend there $$$ on idiotic things.

They will be eating cat food during retirement is my guess because they wasted their entire life without a backbone and floated aimlessly through life like a spineless amoeba.

Enjoy looking at your fake, made for slab cards, eating your cat food...

[Johnny630]

Originally Posted by Fuddjcal

right, blithering morons who know about the billion $$$ scam but support it because they obviously lack education. It's absurd and laughable how people can turn a blind eye to an obvious scam. They can't stop popping. it's way too exciting to pop, I guess and spend there $$$ on idiotic things.

They will be eating cat food during retirement is my guess because they wasted their entire life without a backbone and floated aimlessly through life like a spineless amoeba.

Enjoy looking at your fake, made for slab cards, eating your cat food...

Cat Food ! I love your passion And Guess what others might be in denial, you sure as hell are not! You know how long and deep this goes back. I’d venture to say 30-50% of all early Tobacco cards in PSA holders have been worked on/altered.