Topps “Dutch” Auction

[mossoholic]

Originally Posted by Asian62150

My LCS said they were notified of the dutch auction system by Topps and supposedly this is what's going to happen.

According to the shop owner, Topps' thinking is they expect most everyone to jump in early to secure product and by doing so, the product will sell out fast, which will raise the initial offering price.

We'll see what happens, but I'd prefer if Topps did it this way and I think it is actually advantageous for both the buyer and seller rather than do it the Panini way.

Well if true this sounds like it will now be like Topps last attempt to do auctions. It's going to be 1 and done or only a few when these sell out way lower than they think using that method. I'll take it versus no auction but this massively favors the buyer not the seller. Topps got rid of auctions very quickly the last time because the few things they did auction sold out lower than they expected. That was with everyone having to pay the price they bought at and not everyone pays the lowest price.

Pretty sure they did this on 1 product in the past and everyone ended up paying the floor price.