It is great to see a YC fashion/e-commerce company getting traction. High fashion authentication makes a ton of sense, and is definitely a valuable service. T

It is great to see a YC fashion/e-commerce company getting traction. High fashion authentication makes a ton of sense, and is definitely a valuable service. The sealed auction model is interesting. It is a good model, but misses on all the engagement that real bidding offers. I think it is a good fit for them. Standard auctions are full of tasteless bullshit such as sniping. Standard auctions offer the best available price. It would be interesting to see if they A/B test vickrey auctions where the price paid is the second highest bid. That prevents buyer's remorse, and could generate higher prices as people would bid higher without worrying about doing something "stupid".