PWCC monthly auction w/extended bidding goes live Thurs

gomiamigo · 10-05-2021, 09:26 AM

https://www.prnewswire.com/news-rele...301392928.html

PORTLAND, Ore., Oct. 5, 2021 /PRNewswire/ -- Today, PWCC Marketplace, the leading trading card marketplace for buyers and sellers, announced the introduction of a new Monthly Auction platform that will debut on October 7. The first Monthly Auction will feature over 40,000 cards, the largest PWCC auction to date, and offer new extended bidding features that will create excitement during the close of the auction, keeping collectors engaged throughout the entire experience.

"When we developed our Monthly Auction platform, we took a look at auctions throughout our industry and saw an opportunity to make extended bidding more engaging," said Jesse Craig, Director of Business Development for PWCC Marketplace. "Our new accelerated timer model will give auction participants a fast-paced competitive auction experience that will be as, if not more, exciting than sitting at an in-person auction."

Bidding in the first Monthly Auction will open on October 7 and close on six consecutive nights beginning October 24 starting with baseball, followed by basketball, football, hockey, soccer, miscellaneous sports, and TCG (i.e., Pokémon and Magic the Gathering) in that order. On October 29th, the night following the final closing, the Monthly Auction will feature a 'Round 2' to auction any duplicate cards. This second round will take place each month the day after the closing of the first round. The Monthly Auction has already garnered confidence from the market pre-launch, enabling PWCC to offer the most cards that the company has ever offered in an auction.

The Monthly Auction includes a new extending bidding model, which allows clients to participate in a fast-paced, competitive, and friendly auction-closing experience. While extended bidding has long been a feature of PWCC's Premier Auctions, this is the first time the feature is being applied to its Monthly Auction experience. It ensures that the winner willing to pay the most wins, while also closing the auction as quickly as possible to keep the experience secure and professional.

The extended bidding period will begin at 7:00 p.m. PST with a 60 second countdown. Any item that receives two more bids will move to extended bidding. Any asset still active after 7:30 p.m. PST will close if it does not receive a bid within a 5-minute period and any asset still active after 8:00 p.m. PST will close if it does not receive a bid within a 1-minute period. A single day's auction will be considered fully closed once the extended bidding clock expires with no bids placed.

Investors and collectors who want to participate in PWCC's Monthly Auctions can do so with a variety of payment methods including credit cards (for purchases of up to $10,000, ACH, wire, checks and bitcoin/crypto currency including Bitcoin, Bitcoin Cash, Dogecoin, Ethereum, WBTC, and Stablecoins).

bmf · 10-05-2021, 09:56 AM

This extended bidding model should make things interesting.

pip · 10-05-2021, 10:11 AM

I'm sure the auction is filled with even more altered cards than when PWCC was selling on ebay. Now, there is no accountability whatsoever. Only a fool would buy from PWCC at this juncture.

gomiamigo · 10-05-2021, 11:00 AM

eBay has never cared about altered cards. Let's not kid ourselves. [Obviously not excusing that by any means].

KhalDrogo · 10-05-2021, 11:23 AM

Buyers who put effort in will be rewarded.

captionwanker · 10-05-2021, 11:24 AM

Quote:

Originally Posted by bmf

This extended bidding model should make things interesting.

i wonder if their website can handle the traffic.

brettmik59 · 10-05-2021, 11:26 AM

Quote:

Originally Posted by captionwanker

i wonder if their website can handle the traffic.

I think that's the biggest question mark. But I would like to assume they've considered that.

dgbarnes · 10-05-2021, 11:41 AM

Quote:

Originally Posted by captionwanker

i wonder if their website can handle the traffic.

They have always been much more tech forward than Goldin, no doubt to me the site will hold up fine.

regularp · 10-05-2021, 05:54 PM

Most of this board won't admit it but there's been a hole in the hobby without their monthly auctions and nobody else has filled that void.

boxbuster7 · 10-05-2021, 06:02 PM

They lost me in the first sentence. "the leading trading card marketplace for buyers and sellers"

mcwildcats · 10-05-2021, 06:23 PM

Quote:

Originally Posted by KhalDrogo

Buyers who put effort in will be rewarded.

Sellers too?

jlawje · 10-06-2021, 03:47 PM

If everyone is scared off there is going to be some terrific buying opportunities.

pcptrade · 10-06-2021, 04:29 PM

Quote:

Originally Posted by mcwildcats

Sellers too?

Consignors cannot bid on your own cards on their platform, at least using their own account. That feature is disabled. I like the their tech software especially the extended bidding feature.

hairyangryfella · 10-06-2021, 04:36 PM

Go back to the Jersey shore where you don't have connection, OP. A lot of people don't care about these scumbags.

ballhawkdawk · 10-06-2021, 05:31 PM

Quote:

Originally Posted by jlawje

If everyone is scared off there is going to be some terrific buying opportunities.

Why would anyone be scared off? PWCC auctions have always done very well on eBay… both shilled and non shilled. I think you’re right, but just not sure why that would be the case.

tjforce · 10-06-2021, 05:37 PM

Quote:

Originally Posted by ballhawkdawk

Why would anyone be scared off? PWCC auctions have always done very well on eBay… both shilled and non shilled. I think you’re right, but just not sure why that would be the case.

I'll be much more confident winning auctions of this platform than ebay.

Most of my eBay experiences are good, but I do have the occasional seller who backs out because the price went too low, or packages wrong when shipping and damages cards.

pip · 10-06-2021, 05:46 PM

Unimaginable shill bidding plus even more altered cards from Moser & Co. Yes, lots of buying "opportunities" in this one.

Onepocketj · 10-06-2021, 05:47 PM

Not going near any of those auctions.
No clue why anyone would support them.

pip · 10-06-2021, 05:50 PM

Quote:

Originally Posted by tjforce

I'll be much more confident winning auctions of this platform than ebay.

Most of my eBay experiences are good, but I do have the occasional seller who backs out because the price went too low, or packages wrong when shipping and damages cards.

Why? Insanity? Even with ebay's legendary lackadaisical monitoring of shill accounts and shill bidding, PWCC got booted for flagrant and egregious violations. Now, they (PWCC) run and control the entire platform. What an optimal situation for PWCC's criminality to fully realize its vast potential. Bid early and bid often, folks.

pip · 10-06-2021, 05:54 PM

Quote:

Originally Posted by regularp

Most of this board won't admit it but there's been a plethora of unusually full sized cards in the hobby without their monthly auctions and nobody else has stepped up to trim them and fill that PSA set registry void.

Adjusted for accuracy.

tjforce · 10-06-2021, 05:59 PM

Quote:

Originally Posted by pip

Why? Insanity? Even with ebay's legendary lackadaisical monitoring of shill accounts and shill bidding, PWCC got booted for flagrant and egregious violations. Now, they (PWCC) run and control the entire platform. What an optimal situation for PWCC's criminality to fully realize its vast potential. Bid early and bid often, folks.

Because honestly, I don't care about shill bidding.

I'm going to bid what I am comfortable paying. And if I win it, then it'll be nice to know that I will get the card in a timely fashion and it'll be protected when it ships.

pip · 10-06-2021, 06:00 PM

Quote:

Originally Posted by tjforce

Because honestly, I don't care about shill bidding.

I'm going to bid what I am comfortable paying. And if I win it, then it'll be nice to know that I will get the card in a timely fashion and it'll be protected when it ships.

You would if you were spending some real money on cards.

tjforce · 10-06-2021, 06:01 PM

Quote:

Originally Posted by pip

You would if you were spending some real money on cards.

Uhhhh....

anybody here want to vouch for me?

pip · 10-06-2021, 06:05 PM

Quote:

Originally Posted by tjforce

Uhhhh....

anybody here want to vouch for me?

Well, then you're a fool.

90skid · 10-06-2021, 06:11 PM

So let me get this straight, if I purchase a card or win an auction from PWCC and choose to keep it in 'my' / 'their' vault....there's no sales tax because it stays in their physical possession in the state.

What happens then if a few days later (or whatever time period) I decide to tell them to send it to me and not keep it in their vault anymore. Do I get to skip on taxes? Just asking, lol.

10-05-2021, 09:26 AM	#1
gomiamigo Member Join Date: May 2008 Location: in your head Posts: 10,930 esmoney gomiamigo	PWCC monthly auction w/extended bidding goes live Thurs https://www.prnewswire.com/news-rele...301392928.html PORTLAND, Ore., Oct. 5, 2021 /PRNewswire/ -- Today, PWCC Marketplace, the leading trading card marketplace for buyers and sellers, announced the introduction of a new Monthly Auction platform that will debut on October 7. The first Monthly Auction will feature over 40,000 cards, the largest PWCC auction to date, and offer new extended bidding features that will create excitement during the close of the auction, keeping collectors engaged throughout the entire experience. "When we developed our Monthly Auction platform, we took a look at auctions throughout our industry and saw an opportunity to make extended bidding more engaging," said Jesse Craig, Director of Business Development for PWCC Marketplace. "Our new accelerated timer model will give auction participants a fast-paced competitive auction experience that will be as, if not more, exciting than sitting at an in-person auction." Bidding in the first Monthly Auction will open on October 7 and close on six consecutive nights beginning October 24 starting with baseball, followed by basketball, football, hockey, soccer, miscellaneous sports, and TCG (i.e., Pokémon and Magic the Gathering) in that order. On October 29th, the night following the final closing, the Monthly Auction will feature a 'Round 2' to auction any duplicate cards. This second round will take place each month the day after the closing of the first round. The Monthly Auction has already garnered confidence from the market pre-launch, enabling PWCC to offer the most cards that the company has ever offered in an auction. The Monthly Auction includes a new extending bidding model, which allows clients to participate in a fast-paced, competitive, and friendly auction-closing experience. While extended bidding has long been a feature of PWCC's Premier Auctions, this is the first time the feature is being applied to its Monthly Auction experience. It ensures that the winner willing to pay the most wins, while also closing the auction as quickly as possible to keep the experience secure and professional. The extended bidding period will begin at 7:00 p.m. PST with a 60 second countdown. Any item that receives two more bids will move to extended bidding. Any asset still active after 7:30 p.m. PST will close if it does not receive a bid within a 5-minute period and any asset still active after 8:00 p.m. PST will close if it does not receive a bid within a 1-minute period. A single day's auction will be considered fully closed once the extended bidding clock expires with no bids placed. Investors and collectors who want to participate in PWCC's Monthly Auctions can do so with a variety of payment methods including credit cards (for purchases of up to $10,000, ACH, wire, checks and bitcoin/crypto currency including Bitcoin, Bitcoin Cash, Dogecoin, Ethereum, WBTC, and Stablecoins). __________________ IG: KevinDurant35Cards

10-05-2021, 10:11 AM	#3
pip Member Join Date: Jul 2019 Location: French underground Posts: 4,009	I'm sure the auction is filled with even more altered cards than when PWCC was selling on ebay. Now, there is no accountability whatsoever. Only a fool would buy from PWCC at this juncture. __________________ Dealers to avoid -- https://www.blowoutforums.com/showpost.php?p=14831085&postcount=1

10-05-2021, 11:00 AM	#4
gomiamigo Member Join Date: May 2008 Location: in your head Posts: 10,930 esmoney gomiamigo	eBay has never cared about altered cards. Let's not kid ourselves. [Obviously not excusing that by any means]. __________________ IG: KevinDurant35Cards

10-05-2021, 11:23 AM	#5
KhalDrogo Member Join Date: Aug 2017 Posts: 41,076	Buyers who put effort in will be rewarded. __________________ I love PSA!

10-05-2021, 06:02 PM	#10
boxbuster7 Member Join Date: Aug 2016 Posts: 11,484 boxbuster777	They lost me in the first sentence. "the leading trading card marketplace for buyers and sellers" __________________ Psa 9 > psa 10

10-05-2021, 09:56 AM	#2
bmf Member Join Date: Jun 2012 Posts: 3,189	This extended bidding model should make things interesting.

10-05-2021, 05:54 PM	#9
regularp Member Join Date: Apr 2015 Posts: 7,103	Most of this board won't admit it but there's been a hole in the hobby without their monthly auctions and nobody else has filled that void.

10-06-2021, 03:47 PM	#12
jlawje Member Join Date: Jun 2019 Posts: 224	If everyone is scared off there is going to be some terrific buying opportunities. __________________ keeping the dream of the 90s alive.

10-06-2021, 04:36 PM	#14
hairyangryfella Member Join Date: Oct 2010 Location: New Zealand Posts: 13,219	Go back to the Jersey shore where you don't have connection, OP. A lot of people don't care about these scumbags.

10-06-2021, 05:46 PM	#17
pip Member Join Date: Jul 2019 Location: French underground Posts: 4,009	Unimaginable shill bidding plus even more altered cards from Moser & Co. Yes, lots of buying "opportunities" in this one. __________________ Dealers to avoid -- https://www.blowoutforums.com/showpost.php?p=14831085&postcount=1

10-06-2021, 05:47 PM	#18
Onepocketj Member Join Date: Mar 2017 Posts: 21,921 jeflave-0 onepocketj	Not going near any of those auctions. No clue why anyone would support them.

10-06-2021, 06:11 PM	#25
90skid Member Join Date: Jul 2020 Posts: 1,769	So let me get this straight, if I purchase a card or win an auction from PWCC and choose to keep it in 'my' / 'their' vault....there's no sales tax because it stays in their physical possession in the state. What happens then if a few days later (or whatever time period) I decide to tell them to send it to me and not keep it in their vault anymore. Do I get to skip on taxes? Just asking, lol.