Congrats to anybody who bought it at $14. Big time market cap at time of buyout. Hopefully new owners can infuse whatever is necessary for the supply and demand curves to meet a little better than today.
Durant is clearly a guy who wants to do lot more than be a basketball player - I am glad he is in the mix here. I had heard some chatter and this connected a few dots.
I had 2 initial reactions to this news.
1. That seems like a lot of conflicts of interest. I feel like this is an industry, especially right now with the amount of money flowing, where that is something you would want to avoid.
2. That's a lot of potential wealth being inserted into the business, to hopefully grow it, change things, add technologies, make things better (wait times, pricing, etc.)
What I Collect:
PSA HOF Baseball Postwar Rookies Set Registry- (Currently 80.51% Complete)
PSA Pro Football HOF Rookie Players Set Registry- (Currently 19.80% Complete)
PSA Basketball HOF Players Rookies Set Registry- (Currently 6.02% Complete)
Yeah I let out an audible "WOW" when I saw it locked at $92/share... congrats to the shareholders!
The conflict of interest did worry me at first, but if they hurt their own reputation then they stand to lose WAYYYYY more money than me, so I doubt that will happen.
I'm excited at the thought of having new energy at PSA, but not excited at the high price increase I'm hearing about. I haven't been able to find those increases yet, so if anyone here has info on that I would love to see it.
Even if the grading remains above board with Golden - I am sure they will be able to get your card to the front of the line to get graded if you list with them. This could shift other auction houses to Someone like CGC over time. I am sure they will be eager to legitimize their new sports card grading services. When PepsiCo bought YUM all other fast food chains moved to Coke. Competitors do not like giving business to their competition.
With the name athletes in the group I expect PSA to launch stuff similar to Upper Deck authentic. Get the items and authenticate and sell it directly to the collectors.
I'm not deep in the hobby and know (personally) none of those investing. What I hope to see is consistency, efficiency and credibility in the grading process. In my opinion PSA is good on 2 of the 3 right now. The efficiency problem at present is not entirely of their doing. Pandemic trickle down has hampered them. I may take heat for saying I believe their consistency and credibility in grading cards etc is in place. Nothing is 100% fool proof. If you have those 3 clicking that's all you need. The rest takes care of itself.
no pp. the investment group has stake in goldin auctions. they will not be turning psa into a consignment house. just like kfc won't turn into a hatchery.
can you see where conflicting interests could align?
I believe Heritage Auctions is under the same umbrella as CGC. My research could be old though. Sounds shady to me. But, ya know, capitalism.
it's actually the exact opposite. you said they'd be turning psa into an auction house, right? i said they wouldn't. the only common denominator is the potential for nefarious activities to occur. but they most certainly wouldn't be that dumb to turn psa into an auction house.
I believe Heritage Auctions is under the same umbrella as CGC. My research could be old though. Sounds shady to me. But, ya know, capitalism.
it's actually the exact opposite. you said they'd be turning psa into an auction house, right? i said they wouldn't. the only common denominator is the potential for nefarious activities to occur. but they most certainly wouldn't be that dumb to turn psa into an auction house.
I was not aware of the Heritage/CGC relationship. Could not find anything on a quick search.
@blurryface - CGC started a sportscard grading service called CSC. No idea how their grading will be. Just know they are a major player in other collectibles (of which I do not collect).
didnt figure it needed its own thread, but considering the athlete and celebrity status of the investment group, it seems it's boiling over to their friends.
ray allen apparently bought his logoman from goldin auctions. and it is expected that several other athletes are gonna start investing in themselves via cardboard.
eta: legit or paid influencing? it is goldin after all...
@blurryface said:
didnt figure it needed its own thread, but considering the athlete and celebrity status of the investment group, it seems it's boiling over to their friends.
ray allen apparently bought his logoman from goldin auctions. and it is expected that several other athletes are gonna start investing in themselves via cardboard.
eta: legit or paid influencing? it is goldin after all...
I suppose when you buy a card of yourself you at least can control doing something that may tank the value of the card (or potentially raise it). Good to see Ray in that pic always liked him. As far as Goldin it must be paid....
@blurryface said:
didnt figure it needed its own thread, but considering the athlete and celebrity status of the investment group, it seems it's boiling over to their friends.
ray allen apparently bought his logoman from goldin auctions. and it is expected that several other athletes are gonna start investing in themselves via cardboard.
eta: legit or paid influencing? it is goldin after all...
I suppose when you buy a card of yourself you at least can control doing something that may tank the value of the card (or potentially raise it). Good to see Ray in that pic always liked him. As far as Goldin it must be paid....
Comments
and boom goes the dynamite!
Congrats to anybody who bought it at $14. Big time market cap at time of buyout. Hopefully new owners can infuse whatever is necessary for the supply and demand curves to meet a little better than today.
Bosox1976
Durant is clearly a guy who wants to do lot more than be a basketball player - I am glad he is in the mix here. I had heard some chatter and this connected a few dots.
Talk about conflicts of interest, though.
The same group also owning Goldin Auctions will be a conflict of interest
I had 2 initial reactions to this news.
1. That seems like a lot of conflicts of interest. I feel like this is an industry, especially right now with the amount of money flowing, where that is something you would want to avoid.
2. That's a lot of potential wealth being inserted into the business, to hopefully grow it, change things, add technologies, make things better (wait times, pricing, etc.)
PSA HOF Baseball Postwar Rookies Set Registry- (Currently 80.51% Complete)
PSA Pro Football HOF Rookie Players Set Registry- (Currently 19.80% Complete)
PSA Basketball HOF Players Rookies Set Registry- (Currently 6.02% Complete)
Yeah I let out an audible "WOW" when I saw it locked at $92/share... congrats to the shareholders!
The conflict of interest did worry me at first, but if they hurt their own reputation then they stand to lose WAYYYYY more money than me, so I doubt that will happen.
I'm excited at the thought of having new energy at PSA, but not excited at the high price increase I'm hearing about. I haven't been able to find those increases yet, so if anyone here has info on that I would love to see it.
Even if the grading remains above board with Golden - I am sure they will be able to get your card to the front of the line to get graded if you list with them. This could shift other auction houses to Someone like CGC over time. I am sure they will be eager to legitimize their new sports card grading services. When PepsiCo bought YUM all other fast food chains moved to Coke. Competitors do not like giving business to their competition.
With the name athletes in the group I expect PSA to launch stuff similar to Upper Deck authentic. Get the items and authenticate and sell it directly to the collectors.
for the same reason i don't send my cards to kfc for grading.
because they don't grade cards.
https://sportscollectorsdaily.com/collectors-universe-deal-complete-new-investors-include-collectors-athletes/
PWCC doesn't grade or sell raw cards
wait. so kevin durant isn't actually going to be grading my cards?
manager please.
I'm not deep in the hobby and know (personally) none of those investing. What I hope to see is consistency, efficiency and credibility in the grading process. In my opinion PSA is good on 2 of the 3 right now. The efficiency problem at present is not entirely of their doing. Pandemic trickle down has hampered them. I may take heat for saying I believe their consistency and credibility in grading cards etc is in place. Nothing is 100% fool proof. If you have those 3 clicking that's all you need. The rest takes care of itself.
no pp. the investment group has stake in goldin auctions. they will not be turning psa into a consignment house. just like kfc won't turn into a hatchery.
can you see where conflicting interests could align?
S:H :: P:G
it's actually the exact opposite. you said they'd be turning psa into an auction house, right? i said they wouldn't. the only common denominator is the potential for nefarious activities to occur. but they most certainly wouldn't be that dumb to turn psa into an auction house.
PSA is a money making machine.
Smart investment group. Cohen is no rookie investor
I trust my friends; and they trust theirs. Cautious always; but my BAU hobby and collection plans carry on.
And B:?
B:Someone studied for the SAT recently
Glad at least someone got it 
I was not aware of the Heritage/CGC relationship. Could not find anything on a quick search.
@blurryface - CGC started a sportscard grading service called CSC. No idea how their grading will be. Just know they are a major player in other collectibles (of which I do not collect).
didnt figure it needed its own thread, but considering the athlete and celebrity status of the investment group, it seems it's boiling over to their friends.
ray allen apparently bought his logoman from goldin auctions. and it is expected that several other athletes are gonna start investing in themselves via cardboard.
eta: legit or paid influencing? it is goldin after all...
https://mobile.twitter.com/GoldinAuctions/status/1367143386306793472
I suppose when you buy a card of yourself you at least can control doing something that may tank the value of the card (or potentially raise it). Good to see Ray in that pic always liked him. As far as Goldin it must be paid....
Nic
Guides Authored - Graded Card Scanning Guide PDF | History of the PSA Label PDF
that ain't ray. that's jesus! 😉