ebay finds that PWCC engaged in shill bidding?

[Johnny630]

Originally Posted by japhi

For the folks that say they simply pay the price they are comfortable with, and therefore can't be had by a shill bidder....I'm curious to understand where that pricing decision comes from? Do you folks have some magical trading card evaluation logic? Or do you use previous sales history? If the latter, you are absolutely exposed to all these bidding schemes.

Throw out PWCC as a comparable sale number valuation, I’ve been doing that for years.

[Peter_Spaeth]

Originally Posted by Johnny630

Throw out PWCC as a comparable sale number valuation, I’ve been doing that for years.

Like the old Russian judge thing in gymnastics.

[Aquarian Sports Cards]

except that the numbers you AREN'T throwing out have still been influenced by PWCC numbers.

[Peter_Spaeth]

Originally Posted by Aquarian Sports Cards

except that the numbers you AREN'T throwing out have still been influenced by PWCC numbers.

It's a giant cluster fork.

[Yoda]

There was an interesting post this afternoon from one of the talking heads on U Tube offering a different scenario about this whole mess: Now that Ken Goldin is part of the CU family and about to launch his new platform, what better way to cripple one of your chief competitors, in this case PWCC, than to present to Ebay irrefutable evidence that PWCC has been shill bidding. Plausible, who knows.
The only character to complete the picture is Gary Moser.

[Peter_Spaeth]

From the new PWCC FAQ apologies if duplicate post. As I say presented without comment.

Shill bidding is a bid placed without the intention to honor it - regardless of who placed the bid. As outlined in our Marketplace Tenets PWCC has clear rules that no one may place a bid unless that bid is intended to win the item - not consignors, friends of consigners, people who own other versions of the card, etc. PWCC has never engaged in nor condoned the practice of shill bidding or manipulating the card market. PWCC is proud of our work to ensure a trusted marketplace and unequivocally deny eBay's claims regarding shill bidding.

PWCC prides itself on creating a culture of integrity and trust. We understand its importance to our company, the industry, and collectors.

[Peter_Spaeth]

Now for a comment, Brent himself posted here that he knew in 2016 that a handful of people were "pushing" the market. That obviously entailed bidding intended to push the price higher, not intended to win the item. Now you could say that's OK as long as you do pay if you miscalculate, but that's not the issue, the issue is he just misspoke again. Geez.

The man needs a good lawyer. He should have kept the one he had.

Incidentally I can't find it quickly but there was a thread on Blowout listing an astonishing number of high dollar cards "won" in PWCC that apparently were not recognized by ebay as completed sales.

[Exhibitman]

Originally Posted by Peter_Spaeth

From the new PWCC FAQ apologies if duplicate post. As I say presented without comment.

Shill bidding is a bid placed without the intention to honor it - regardless of who placed the bid. As outlined in our Marketplace Tenets PWCC has clear rules that no one may place a bid unless that bid is intended to win the item - not consignors, friends of consigners, people who own other versions of the card, etc. PWCC has never engaged in nor condoned the practice of shill bidding or manipulating the card market. PWCC is proud of our work to ensure a trusted marketplace and unequivocally deny eBay's claims regarding shill bidding.

PWCC prides itself on creating a culture of integrity and trust. We understand its importance to our company, the industry, and collectors.

Comment:

[japhi]

Originally Posted by Johnny630

Throw out PWCC as a comparable sale number valuation, I’ve been doing that for years.

Doesn’t work that way unless you can convince the rest of the market to do same.

[Johnny630]

Originally Posted by japhi

Doesn’t work that way unless you can convince the rest of the market to do same.

Hopefully the rest will wake up and smell the garbage for what it is,’it’s
Caca.