Goldin adds marketplace and weekly auctions

[Lucas00]

Originally Posted by raulus

i’ve always felt like we don’t have nearly enough auctions.

😂

[Johnny630]

They know many collectors, investors, and dealers are addicted to auctions. Many can’t control themselves to not bid. Many miss a bigger piece in the main auction, do they chill? No, they look for the next auction. This is smart marketing.

[raulus]

I suspect that this weekly auction will tend to attract a lot of lower-priced items. Not that different than a lot of the PWCC weekly auction pieces. Of course, there will still be some nice stuff sprinkled around here and there!

It could be a nice way to pick up some items that would have historically gone to eBay, but with the new 1099 regime, people are scared to go there. And as Peter notes, if they don't want to go to PWCC to list in their quickie weekly auction, then this is an option.

Not that different than PWCC's weekly auctions, it might be a nice alternative venue to score some pieces at lower prices, and without some of the bidding competition that you get with the premier auctions, since these weekly auctions tend to attract fewer eyeballs.

[Peter_Spaeth]

Originally Posted by raulus

I suspect that this weekly auction will tend to attract a lot of lower-priced items. Not that different than a lot of the PWCC weekly auction pieces. Of course, there will still be some nice stuff sprinkled around here and there!

It could be a nice way to pick up some items that would have historically gone to eBay, but with the new 1099 regime, people are scared to go there. And as Peter notes, if they don't want to go to PWCC to list in their quickie weekly auction, then this is an option.

Not that different than PWCC's weekly auctions, it might be a nice alternative venue to score some pieces at lower prices, and without some of the bidding competition that you get with the premier auctions, since these weekly auctions tend to attract fewer eyeballs.

Do only expensive cards qualify as "nice stuff"? Not in my book.

[Snapolit1]

If everything is going up in price, why are so many people rushing to sell their stuff?

[BobbyStrawberry]

Originally Posted by Snapolit1

If everything is going up in price, why are so many people rushing to sell their stuff?

There's got to be a Yogi Berra quote for this...

[Peter_Spaeth]

Originally Posted by BobbyStrawberry

There's got to be a Yogi Berra quote for this...

The logic or illogic is similar to Yogi's observation that nobody goes there any more because it's too crowded.

[Eric72]

Originally Posted by BobbyStrawberry

There's got to be a Yogi Berra quote for this...

They're really hard to find; everyone's selling them...

[Lorewalker]

Originally Posted by Snapolit1

If everything is going up in price, why are so many people rushing to sell their stuff?

I do a lot in real estate. When prices are high and going up there is more inventory on the market than any other time. Nobody makes a profit by not selling. Paper profits mean nothing.

[Eric72]

Direct quote from the email Goldin sent:

“… You bring the grail. Goldin takes care of everything else. Grade, vault and list with ease on the Hobby's only all-in-one platform…”

Over/under on the amount of time it’s the only one?

[rats60]

Originally Posted by Snapolit1

If everything is going up in price, why are so many people rushing to sell their stuff?

To buy better stuff? That is what I do. When I sell something, I use the money to buy something that I want more than what I sold.

[pawpawdiv9]

Was trying to login into Goldin--- somehow its not working, just a plain white page.
Is it broken again??

[raulus]

Originally Posted by Peter_Spaeth

Do only expensive cards qualify as "nice stuff"? Not in my book.

Fair enough, which is why I attempted to tip my cap to that notion by noting that nice stuff would also be sprinkled around here and there. But perhaps I should have tipped my cap more vigorously.

[Casey2296]

Originally Posted by Peter_Spaeth

Do only expensive cards qualify as "nice stuff"? Not in my book.

Not in mine, personally I would love to see the market flooded with E94!s, 14CJ's, rareback candy issues, and whatever rare cards are out there that are on my list.

[perezfan]

Don't forget that Heritage conducts pretty similar weekly auctions as well.

[3-2-count]

This is the future.

More AH’s will follow suit.

[JimmyC]

Originally Posted by Lucas00

😂

Hilarious - yes, 10-20 more auctions are needed….