Post your Auction L's

Had a bad auction? Post them below so that we can pour one out for you. This is supposed to be fun and light-hearted!

Biggest loss (% wise) gets a sh*t token. :poop:

I’ll start us out at 42% loss. :headstone:

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Love this! Been a while since I’ve bid since I try to do best offer now but this will be fun to see

this is my entry; auctioned it off in February of this year and was definitely expecting a lot more!

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If it makes you feel any better, it looks like your low sale is no longer the lowest in the past three years. :melting_face:

Yall are brave for auctioning off high value cards. I could not imagine selling a high value card for anything other than buy it now or BIN knowing exactly what Ill get for it.

13 Likes

Not a loss for me, but a win. Kudos to the seller for actually sending it to me.



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@Dyl sorry for my newbie question, but can you set a reserve threshold price for your listing? As in, if it does not reach that minimum price, it wont be auctioned? If you can set it at the right threshold price then it might be a win-win for everyone yes?

I am asking this because we have a local auction house which has this reserve price and keeps giving an error when you bid that your bid does not meet the minimum price. The downside ofcourse is you card will never get auctioned, but for in demand cards like these it does not seem like a bad idea yea?

Cheers!

You cant set a reserve with PWCC,

It would be annoying if you could, people nearly always have unrealistic expectations on what their card is worth

1 Like

Understood. I agree it can be annoying if the seller over-estimates the min price. I have the idea that if done right, it can still meet a sweet middle ground where the seller is not completely disappointed if it does not go to the recent sold values.

Cheers!

I think this was in late 2015/maybe early 2016, but even so…

1 Like

Goldin have reserves on their stuff,

You still pay big fees if they dont reach the reserve though, which is fair

I think the problem is most people use reserves in the same way as the people who start their auction at the price they want to sell it for instead of like a dollar or something. Very few people actually use it as a compromise by setting it to a “good enough” price.

Those people want the benefits of an auction (guaranteed sale after a week, people competing with each other, emotional buying, etc) without the risk of an actual auction (it ending for less than you want).

It also takes a lot of the incentive out of bidding for many buyers. A lot of people bid in hopes that they can get an item for cheaper than buy it now. A reserve on an auction basically tells those people “there’s no way you’re getting this item for anything less than what the seller wants.”

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I switched to “penny auctions” earlier this year because that seemed to be the method a lot of successful accounts used, and it was clear their auctions saw generally higher returns on a more consistent movement rate than listing a bunch of indefinite fixed price cards with offers on.

I switched back to fixed price and offers because a lot of my listings were ending at just a few bucks. :frowning: I sold a lot of $60-$80 cards for less than $15.

I definitely would never list a high value card as an auction anymore. Too scared!! :sob:

3 Likes