PWCC expands its lending activities

Johnny630 · #1 09-09-2022, 01:38 PM

Does PWCC still use the term Assets instead of cards ?

BobbyStrawberry · #2 09-09-2022, 01:43 PM

Quote:

Originally Posted by Johnny630

Does PWCC still use the term Assets instead of cards ?

It appears so:

"PWCC Capital provides loans and cash advances to clients against Vault assets and offers notes at various interest rates for clients seeking alternative investments."

"PWCC offers clients an exciting opportunity to build their personal collections and invest in a rapidly growing asset class."

Source: https://www.pwccmarketplace.com/about-the-marketplace

Johnny630 · #3 09-09-2022, 01:52 PM

Quote:

Originally Posted by BobbyStrawberry

It appears so:

"PWCC Capital provides loans and cash advances to clients against Vault assets and offers notes at various interest rates for clients seeking alternative investments."

"PWCC offers clients an exciting opportunity to build their personal collections and invest in a rapidly growing asset class."

Source: https://www.pwccmarketplace.com/about-the-marketplace

PWCC= The E TRADE OF SPORTS CARDS

Snapolit1 · #4 09-09-2022, 01:59 PM

Really wonder if this money rush to establish businesses to grade "assets" and stick them in vaults isn't a day late and a couple of million dollars short.

Very little of this mania is about Mickey Mantle cards and Babe Ruth. It's about Luka Doncic gold refractors and Trevor Lawrence and Jasson Dominquez and Zion and other modern players. In my limited time watching breaks and reading about the modern card realm, it's clear so many potential big guys have already blown up and burned a lot of people. A few years ago people were killing themselves to get Tua and Spencer Torkelson rookies. Not so much all of a sudden. And as PSA clears out their backlog the supply of graded Luka cards, for example, is going to depress prices further. And we've already had new grading card companies appear in the scene and fail to make much of a ripple.

I think some of these people are throwing away money. I think the mania in new cards is peaked. Time will tell.

Peter_Spaeth · #5 09-09-2022, 02:38 PM

Quote:

Originally Posted by Snapolit1

Really wonder if this money rush to establish businesses to grade "assets" and stick them in vaults isn't a day late and a couple of million dollars short.

Very little of this mania is about Mickey Mantle cards and Babe Ruth. It's about Luka Doncic gold refractors and Trevor Lawrence and Jasson Dominquez and Zion and other modern players. In my limited time watching breaks and reading about the modern card realm, it's clear so many potential big guys have already blown up and burned a lot of people. A few years ago people were killing themselves to get Tua and Spencer Torkelson rookies. Not so much all of a sudden. And as PSA clears out their backlog the supply of graded Luka cards, for example, is going to depress prices further. And we've already had new grading card companies appear in the scene and fail to make much of a ripple.

I think some of these people are throwing away money. I think the mania in new cards is peaked. Time will tell.

There's a day trading element though, I think a lot of guys are buying players like these hoping they get hot, not hoping they become the next Mantle or Kobe over the long haul.

Fuddjcal · #6 09-10-2022, 12:42 PM

Quote:

Originally Posted by Snapolit1

Really wonder if this money rush to establish businesses to grade "assets" and stick them in vaults isn't a day late and a couple of million dollars short.

Very little of this mania is about Mickey Mantle cards and Babe Ruth. It's about Luka Doncic gold refractors and Trevor Lawrence and Jasson Dominquez and Zion and other modern players. In my limited time watching breaks and reading about the modern card realm, it's clear so many potential big guys have already blown up and burned a lot of people. A few years ago people were killing themselves to get Tua and Spencer Torkelson rookies. Not so much all of a sudden. And as PSA clears out their backlog the supply of graded Luka cards, for example, is going to depress prices further. And we've already had new grading card companies appear in the scene and fail to make much of a ripple.

I think some of these people are throwing away money. I think the mania in new cards is peaked. Time will tell.

What's a Tua Torkelinni? I was just starting to hear about this Looka guy and that fat china doll, one flapjack away from 4 bills, Zeon. I have 1 of 1 PSA 10's of Jayllon Domingos and Luis Roobert already. They both have 16 names so I'm insulated and covered if they suck donkey balls, which they do.

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