-Who wants to drive across town to inspect a €50 item? The focus is on mid to high-value, preferably niche items. Lower-value goods often don’t justify the costs involved in driving and the time spent on validation.
-Can a random broker validate a luxury watch? Not all brokers have the necessary expertise to validate every item, especially luxury goods. The proposal is to enhance the current system by assigning brokers based on item categories. This specialization will be particularly effective when there are enough brokers for specific categories, such as watches.
- Physical validation adds days to trades. While physical validation can slow things down, brokers who fail to validate effectively will phase out over time, ensuring that only those with the right expertise remain. It should be economically infeasible to accept assignment, where you have no expertise. This approach aims to streamline the validation process.
-Fees might price out low-value items. Focusing on mid to high-value items helps avoid the issue of fees pricing out lower-value goods.
Additionally, this idea is designed to integrate into existing niches where validation matters significantly, like trading cards, electronics, watches, and sneakers. Numerous businesses already specialize in validating these items and have the necessary expertise to navigate legal requirements.