Goldin now also doing weekly auctions beginning January 17th

[Ericc5Bears]

Just got an email from goldin stating that along with monthly auctions they will now also be doing weekly auctions as well as having a fixed price marketplace. Seems pretty much like an exact copy and paste of what PWCC has been doing but will be interesting to see how it works out.




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[Brobocop]

I feel like anyone buying right now is like trying to catch a falling knife. I do not have the stomach for it, but if you do, I'm cheering for you!

[KhalDrogo]

Seems like it will be hard for them to obtain the volume necessary to do weekly auctions. PWCC is doing ~10k items per auction now.

[imbluestreak23]

Will fees be < 5%?

If so, I'll use them, if not, eBay has the best eyeballs still for this kind of stuff.

[RedMike]

Just what we need - more weekly auctions.

[KhalDrogo]

Originally Posted by imbluestreak23

Will fees be < 5%?

If so, I'll use them, if not, eBay has the best eyeballs still for this kind of stuff.

Looks like the monthly is getting split up into weeklies, and they’re encouraging junk ($5 opening bids) to get submitted in order to bloat the volume of each auction. So there will be some good cards available.

[SupermanBrandon]

This has desperation written all over it

[Kobe101]

Last Year Goldin went on a media tour bragging about all his huge sales.

Now they accept $5 cards. Yikes.

[TheTCGenius]

Goldin has to be the worst of all the platforms for sellers. Will be great to buy from them though

[goehring9]

This has been in the works for quite some time- will be worth browsing once some inventory gets there but I'm not expecting much based on Goldin's past performance.

[90skid]

[Kingofkings1281]

Originally Posted by Brobocop

I feel like anyone buying right now is like trying to catch a falling knife. I do not have the stomach for it, but if you do, I'm cheering for you!

I’ve actually got some really good deals on a few high end cards I’ve been wanting for a while. A couple of them dropped almost 60% in the last few months. I’m more about collecting than flipping, so even if they drop a little more, I’m comfortable with what I paid.

[Spacemanspif]

They’re planning on filling the weeklies with freshly graded stuff since they’re directly connected with PSA now. I had a sub pop this week that got sent to the “Collectors vault” because I forgot to uncheck the “send to vault” when submitting (F that sneaky default nonsense). They already have the scanned pics in place, and want to capture market share from the grade-to-consign business. Basically anything they can move to this platform directly takes away from eBay and consignors like PCS.

Funny how all these businesses are now trying to capture on this E2E experience, when it’s A) no longer lucrative, and B) not at all aligned with collectors. Remember that part of the boom was due to people speculating about “Wall Street money” coming in to infuse the hobby, so people were scrambling to buy everything before that magical day happened. I remember arguing with someone about it not being spent on actual cards, and that any kind of institutional money would more likely be spent on infrastructure and businesses that could capture on all the market inefficiencies rather than buying stacks of cardboard. Now that these things are built, (almost) nobody wants them

[oldgoldy97]

Originally Posted by 90skid

That’s an image of fending someone off.

[JumpshotMcGavin]

Hoping for continuous lower prices with all these auction houses doing weekly auctions.

[KhalDrogo]

Originally Posted by Spacemanspif

They’re planning on filling the weeklies with freshly graded stuff since they’re directly connected with PSA now. I had a sub pop this week that got sent to the “Collectors vault” because I forgot to uncheck the “send to vault” when consigning (F that sneaky default nonsense). They already have the scanned pics in place, and want to capture market share from the grade-to-consign business. Basically anything they can move to this platform directly takes away from eBay and consignors like PCS.

Funny how all these businesses are now trying to capture on this E2E experience, when it’s A) no longer lucrative, and B) not at all aligned with collectors. Remember that part of the boom was due to people speculating about “Wall Street money” coming in to infuse the hobby, so people were scrambling to buy everything before that magical day happened. I remember arguing with someone about it not being spent on actual cards, and that any kind of institutional money would more likely be spent on infrastructure and businesses that could capture on all the market inefficiencies rather than buying stacks of cardboard. Now that these things are built, (almost) nobody wants them

Goldin/PSA are over a year late to this.

I ran an IG poll a few months back on how people feel about vaults. The overwhelming majority use one vault and have no interest in adding another. To change that, Goldin has to provide a better user experience. Easier listings, bigger marketplace, higher sales, lower fees, better customer service, quicker payouts, etc. They don’t do any of this right now. The only improvement they’ve made this year is fasting shipping and a new interface. I don’t know what PSA is doing with them, but the business comes off as neglected.

[badkarma318]

Originally Posted by oldgoldy97

That’s an image of fending someone off.

He has private security for that (see last year's National). Due to ripping people off for decades, he wouldn't last an hour on his own there.

[SupermanBrandon]

Watching these bloated companies, starting to get desperate…is hilarious. They are beginning to beg for our money. They are racing to the bottom. Prices are going to get a lot cheaper, in every aspect.


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[GeechQuest]

Originally Posted by Spacemanspif

They’re planning on filling the weeklies with freshly graded stuff since they’re directly connected with PSA now. I had a sub pop this week that got sent to the “Collectors vault” because I forgot to uncheck the “send to vault” when submitting (F that sneaky default nonsense). They already have the scanned pics in place, and want to capture market share from the grade-to-consign business. Basically anything they can move to this platform directly takes away from eBay and consignors like PCS.

Funny how all these businesses are now trying to capture on this E2E experience, when it’s A) no longer lucrative, and B) not at all aligned with collectors. Remember that part of the boom was due to people speculating about “Wall Street money” coming in to infuse the hobby, so people were scrambling to buy everything before that magical day happened. I remember arguing with someone about it not being spent on actual cards, and that any kind of institutional money would more likely be spent on infrastructure and businesses that could capture on all the market inefficiencies rather than buying stacks of cardboard. Now that these things are built, (almost) nobody wants them

I’ve said the same thing dating back to 2019.

Honestly these “hobby institutions” should have hired me to consult. I could have added another 0 to Ken’s “9 figure bank account”.

Also, if I’m being honest, my money is on Goldin to survive and PWCC to go under. If he’d pay me, we could drop Brent the same way CZ dropped SBF. Unfortunately these hobby hustlers lack gumption and the brains. They’re always 2-3 years behind the trends.

The PSA to Goldin weekly is the way to go though.

Short eBay.

Originally Posted by GeechQuest

This is of course looking back at the landscape in hindsight.

The real money makers in the hobby aren’t guys who sling singles. That’s just not where the big money is at. Can you make money selling singles? Yes. Is it a true investment vehicle? Not currently.

PWCC is trying to legitimize the hobby, which isn’t bad. He’s years away from having the infrastructure in place to do so (if he ever gets there in light of his recent scandal).

Originally Posted by GeechQuest

There’s always been more money in the platforms around the card market than the actual cards themselves.

Big money is pouring into the platforms (see the investors giving KG the bag) vs. their cardboard collections. The biggest purchase Nat ever made was buying PSA, not PSA graded cards. Steve Cohen doesn’t have a stack of Lebron Exquisite.

The next gigantic play in cards isn’t an actual card, but a marketplace outside of eBay that works SPECIFICALLY for cards. Many have tried, nobody has figured it out. Big money will figure it out.

The Wall Street big money isn’t pouring into singles, they’re pouring into tech and infrastructure within the hobby.

[sportsyard]

its so awesome to watch them fail

[KhalDrogo]

Originally Posted by GeechQuest

The PSA to Goldin weekly is the way to go though.

That would require Goldin to get better prices and/or (preferably and) drop fees on the types of cards you'd run in a weekly auction.

[sebreg]

Originally Posted by GeechQuest

I’ve said the same thing dating back to 2019.

Honestly these “hobby institutions” should have hired me to consult. I could have added another 0 to Ken’s “9 figure bank account”.

Also, if I’m being honest, my money is on Goldin to survive and PWCC to go under. If he’d pay me, we could drop Brent the same way CZ dropped SBF. Unfortunately these hobby hustlers lack gumption and the brains. They’re always 2-3 years behind the trends.

The PSA to Goldin weekly is the way to go though.

Short eBay.

So I'm trying to read this correctly Geech, what you are saying is that I may have made a tiny huge mistake in assuming that the magical future unicorn everyone calls "institutional money" isn't going to be coming in to buy my cards and crypto?! Why didn't you tell me this earlier haha!!!

[imbluestreak23]

Anyone know what the fees are supposed to be for this?

No info on Goldin's website at all other than this (referenced at the collectors vault).

https://www.collectors.com/vault

50% off fee promo for vaulted items through 2/17. Okay...what are the normal fees? Could be blind and missing it, but dang, super confusing

[regularp]

I see no reason to choose Goldin over PWCC or Ricky for this kinda stuff.

[auburn35]

Originally Posted by imbluestreak23

Anyone know what the fees are supposed to be for this?

No info on Goldin's website at all other than this (referenced at the collectors vault).

https://www.collectors.com/vault

50% off fee promo for vaulted items through 2/17. Okay...what are the normal fees? Could be blind and missing it, but dang, super confusing

There was a brief note about fees, in this article and it matches up with the 50% you're seeing. Unless it changes before/after opening, 16.7% appears to be the standard selling fee.
https://www.sportscollectorsdaily.co...ekly-auctions/

"The cost of selling on the Marketplace will vary, based on the final price. Items selling for under $2,500 will cost 16.7%. Seller fees for higher priced items will be less. For the first month, however, sellers will pay 8.3% across the board. There are no fees for buyers."