Any News on PWCC Auctions Going Forward?

[Snowman]

Their new platform is live. The current monthly auction has 42,378 cards in it. Bidding starts for baseball on 10/7 and ends on 10/24. Then basketball starts 10/8 and ends 10/25. Other sports stagger from there, and the final auctions end on 10/29.

I see a ton of great cards in this auction. Looks like they have 3 Wilt Chamberlain rookies, plenty of Babe Ruth and Ty Cobb, 1200+ Michael Jordan cards, etc. Might find some great deals if everyone else is avoiding them like the plague.

https://www.pwccmarketplace.com/current-auction?

[Johnny630]

I think they’re going have Blowout/Record reported sales on their first auction.

[Republicaninmass]

Originally Posted by Johnny630

I think they’re going have Blowout/Record reported sales on their first auction.

Amazing, and a new slew of nitwits consigning wondering why their sales were outliers...

[Snapolit1]

Originally Posted by Johnny630

I think they’re going have Blowout/Record reported sales on their first auction.

Why would they do better off eBay, which clearly reaches many many more eyes around the world than someone's private platform?

[Johnny630]

Originally Posted by Snapolit1

Why would they do better off eBay, which clearly reaches many many more eyes around the world than someone's private platform?

Steve Noticed what I said, “REPORTED RECORD SALES”

Don’t they have to save face at this particular time ?

[Snapolit1]

Originally Posted by Johnny630

Steve Noticed what I said, “REPORTED RECORD SALES”

Don’t they have to save face at this particular time ?

Yes, you have a point there. They will claim record sales. And some idiots will believe them.

Like a shoe manufacturer telling people after they were kicked off Amazon that they've never sold more shoes on line.

[Johnny630]

Originally Posted by Snapolit1

Yes, you have a point there. They will claim record sales. And some idiots will believe them.

Like a shoe manufacturer telling people after they were kicked off Amazon that they've never sold more shoes on line.

Exactly!

[Carter08]

Haha that’s perfect. Sadly, I will be looking at what they have. eBay has been pretty quiet without them and I’ve taken a beating on things I want at AHs.

[Carter08]

He may mean they’re going to post as many nice cards as they can and even if they don’t technically do better they can manipulate numbers and use the numbers as they see fit - “highest grossing auction ever” type thing.

[BRoberts]

Originally Posted by Snowman

Their new platform is live. The current monthly auction has 42,378 cards in it. Bidding starts for baseball on 10/7 and ends on 10/24. Then basketball starts 10/8 and ends 10/25. Other sports stagger from there, and the final auctions end on 10/29.

I see a ton of great cards in this auction. Looks like they have 3 Wilt Chamberlain rookies, plenty of Babe Ruth and Ty Cobb, 1200+ Michael Jordan cards, etc. Might find some great deals if everyone else is avoiding them like the plague.

https://www.pwccmarketplace.com/current-auction?

Lol. You should ask Brent for a raise.

[slipk1068]

Originally Posted by BRoberts

Lol. You should ask Brent for a raise.

I don't think anyone has done as much damage control as this guy. He or she is either Brent, Betsy, a close relative, or on the payroll.

[kailes2872]

Josh called me today to let me know that the website was up and running and to encourage me to participate in the October auction as there were over 42,000 items for sale and "there could be some deals to be had."

My response:
1.) While the deals to be had for the collectors would be great, I would be pretty upset as a consigner if that is what they think will happen. He said that there will be plenty of word of mouth and eventually people would come to register for the site. They were very bullish on the November auction.

2.) I asked about their software and if they could see ceiling bids. He said that they hired a 3rd party and would not have visibility to those.

3.) I asked about shill bidding and their response to Ebay as that is defamation if not true and their entire reputation and brand is at risk with that allegation. He said that the way that it is worded, puts them at risk - in the sense that they could not guarantee that someone's friend pushed a bid (not to their knowledge, but it would be hard to defend against the wording). He said that the new platform would actually help against that because it would protect against shell accounts and burner accounts being made in order to shill a bid - as it would require verified registration. He also said that it would probably be futile going up the resources of such a large company - to which I replied that if my reputation was at stake and it was untrue, I would fight to my last dollar to clear my name.

He did add that their policies prohibit any house bidding on items and any vested interest from their team bidding in an auction.

It was a nice conversation and he had an answer for everything that I asked. It sounds like the platform will be similar in execution to many of the other auction houses with an online platform.

I'm not buying much at the time as I can't seem to adjust to new prices and where the bids are going. I'll probably keep an eye on it to see the prices realized, but I don't see myself jumping in right away even if was actively adding to the collection right now.

[Bobbycee]

Originally Posted by kailes2872

Josh called me today to let me know that the website was up and running and to encourage me to participate in the October auction as there were over 42,000 items for sale and "there could be some deals to be had."

My response:
1.) While the deals to be had for the collectors would be great, I would be pretty upset as a consigner if that is what they think will happen. He said that there will be plenty of word of mouth and eventually people would come to register for the site. They were very bullish on the November auction.

2.) I asked about their software and if they could see ceiling bids. He said that they hired a 3rd party and would not have visibility to those.

3.) I asked about shill bidding and their response to Ebay as that is defamation if not true and their entire reputation and brand is at risk with that allegation. He said that the way that it is worded, puts them at risk - in the sense that they could not guarantee that someone's friend pushed a bid (not to their knowledge, but it would be hard to defend against the wording). He said that the new platform would actually help against that because it would protect against shell accounts and burner accounts being made in order to shill a bid - as it would require verified registration. He also said that it would probably be futile going up the resources of such a large company - to which I replied that if my reputation was at stake and it was untrue, I would fight to my last dollar to clear my name.

He did add that their policies prohibit any house bidding on items and any vested interest from their team bidding in an auction.

It was a nice conversation and he had an answer for everything that I asked. It sounds like the platform will be similar in execution to many of the other auction houses with an online platform.

I'm not buying much at the time as I can't seem to adjust to new prices and where the bids are going. I'll probably keep an eye on it to see the prices realized, but I don't see myself jumping in right away even if was actively adding to the collection right now.

Big question here is: will they be hitting winners with a 20% premium added on to the hammer price? If so, I'm out.

[Snowman]

Originally Posted by slipk1068

I don't think anyone has done as much damage control as this guy. He or she is either Brent, Betsy, a close relative, or on the payroll.

Or perhaps just a collector who decided to answer the question posed in the title of this thread since prior to my post, the discussion hadn't mentioned that their new platform was in fact up and running.