PSA parent company Collectors to acquire Beckett, keeping it an ‘independent brand’

[msink28]

If Beckett isn't a tailor-made case study for a business school I don't know what is. Fitting end.

[Bosoxfan5990]

Originally Posted by PuddleMonkey

Gotta get as bloated as possible for the IPO, this is standard operating procedure.

This is the correct answer.

[base set]

How much longer till we reach Boss Level - does Fanatics buy Collectors or does Collectors buy Fanatics? Let’s cut to the chase already, and get more trading card executives into happy early retirement hanging out with all the GOATs. Too bad Pikachu never brings a trophy wife out to the club though. Be a lot cooler if he did.

[hammerva]

Beckett was already on life support and now the burial is being created.

I assume that CSG has already raised prices on their grading after the news

[jjrpilot]

Originally Posted by hammerva

Beckett was already on life support and now the burial is being created.

I assume that CSG has already raised prices on their grading after the news

CGC....but the flipper boyz don't like that brand. Sad as their slabs are the clearest out of all of them.

[rudan007]

Beckett was the Sears of card grading.....

[SaveMeTheGum]

Now we just need Fanatics to buy CU and it'll be hobby armageddon.

Originally Posted by PuddleMonkey

Gotta get as bloated as possible for the IPO, this is standard operating procedure.

I had bought CU at $18 back in 2017/2018 and cashed out at $90 when they went private. That was a fun run. Not sure I want to get back on that train again.

[KhalDrogo]

CU has no interest in being acquired. IPO late 2026-2027.

[theshowandme]

Nat Turner's sister (Beth) was featured in Forbes last week after creating her own $45 million venture fund.

This family is neither poor nor dumb.

https://www.forbes.com/sites/phoebel...-venture-fund/

[BigMac]

what's the chance PSA helps BGS be more relevant long term as they help with the a lot of stuff beckett has been struggling with (ie turnaround times, customer service, and maybe resale value)..

[fabiani12333]

Originally Posted by KhalDrogo

Where have you been the last 6 years? You guys always conflate your hopes and dreams with reality when it comes to BGS. Better question is why none of you sought employment with BGS to help turn things around.

PSA’s first move with BGS is going to be a crackdown on black label rates.

There is no reason why BGS couldn't have siphoned away business from PSA. I'd rather have a BGS 9.5 than a PSA 9 -- wouldn't you? I'd rather have a pristine BGS with sub grades than a PSA 10. There were opportunities for BGS to grow and add value to the market. They just never had the necessary financial backing or the right management to do it. They were a dysfunctional company with a con man for an owner.

[asujbl]

Originally Posted by fabiani12333

There is no reason why BGS couldn't have siphoned away business from PSA. I'd rather have a BGS 9.5 than a PSA 9 -- wouldn't you? I'd rather have a pristine BGS with sub grades than a PSA 10. There were opportunities for BGS to grow and add value to the market. They just never had the necessary financial backing or the right management to do it. They were a dysfunctional company with a con man for an owner.

Why not just post this part?

The rest is irrelevant

[fabiani12333]

Originally Posted by base set

How much longer till we reach Boss Level - does Fanatics buy Collectors or does Collectors buy Fanatics? Let’s cut to the chase already, and get more trading card executives into happy early retirement hanging out with all the GOATs. Too bad Pikachu never brings a trophy wife out to the club though. Be a lot cooler if he did.

Guys -- Michael Rubin is an investor in CCG (parent company of CSG). So is BlackRock, which is also an investor in Fanatics. They weren't going to purchase BGS unless it was a distressed asset at a bargain price -- they are focused on growing CSG, which has 25% of the market share of TCG grading.

[DaBaddestHic]

Hate that BGS is dead from a grading standpoint, but it's been like that for a while. I just hope the online price guide doesn't go away. Yes I know, that also died a long time ago. But for set collectors that don't wanna haggle with people on the value of base cards/low end inserts it's still a great tool. And I'm using it to finally build out my list of missing Delgado cards right now.

[Allen Ginter 99]

I don’t believe a word Nat Turner says… him and Rubin could care less about this hobby or the new generation collecting. They care about one thing making as much
Money for as long as possible. When they leave the hobby they will have milked every last drop


Sent from my iPhone using Tapatalk

[hammerva]

Well nothing to worry about because according to Geoff Wilson, you can't possibly have a monopoly in grading if the other companies are such a small portion of it. Yeah that isn't how it works dummy

[49ersSF]

Originally Posted by BigMac

what's the chance PSA helps BGS be more relevant long term as they help with the a lot of stuff beckett has been struggling with (ie turnaround times, customer service, and maybe resale value)..

Zero chance. The path for BGS has already been laid out by SGC.

[corockies]

The Beckett.com web site is the best resource for SP and SSP galleries the past 10-15 years. I hope those don't go away. I wonder if some archiving needs to be done.

[ThoseBackPages]

Originally Posted by corockies

The Beckett.com web site is the best resource for SP and SSP galleries the past 10-15 years. I hope those don't go away. I wonder if some archiving needs to be done.

how has it been since Ryan left?

[Skipscards]

Originally Posted by KhalDrogo

BGS allows you to turn mass produced TCG “junk” into highly desired and highly priced gems. The only reason to grade current year TCG with BGS is for the black label.

2025 Chinese Pikachu/Gengar prices
BGS 10 Black $6000
BGS 10 $1800
PSA 10 $1400
BGS 9.5 $875

BGS receives such little volume because people are only subbing cards that have a chance at a black label. Versus CGC where people are subbing their crap that they know is not a PSA 10 but they can get a CGC 10 out of. At least for Pokemon, the issue is usually the back corners, which is easily identified online. Three white back corners? No problem, still CGC 10 worthy.

I agree with a lot of this, but I disagree with the CGC standards. Their Gem Rate is typically tougher than PSA. I just took a random sample of some popular cards (don't know anything about Pokemon):

1975 Topps George Brett
PSA 10 - .06%, CGC 10 - 0%
PSA 9 - 1.91%, CGC 9 - .27%

1989 UD Griffey Jr
PSA 10 - 17%, CGC 10 - .55%

2011 Topps Update Trout
PSA 10 - 43.9%, CGC 10 - 27.27%

2018 Topps Heritage High Number Ohtani
PSA 10 - 57.1%, CGC 10 - 37.2%

2022 Topps Update Bobby Witt Jr
PSA 10 - 61.4%, CGC 10 - 63.4%

Other than Bobby Baseball which is nearly identical, PSA definitely gives 10s more often than CGC.

[corockies]

Originally Posted by ThoseBackPages

how has it been since Ryan left?

I'm not sure when he left, but I've been at card shows and the 2017 - 2024 SP galleries for Stadium Club have been clutch resources when digging through dollar bins. I imagine the flagship sp / ssp galleries are just as good.

[ThoseBackPages]

Originally Posted by corockies

I'm not sure when he left, but I've been at card shows and the 2017 - 2024 SP galleries for Stadium Club have been clutch resources when digging through dollar bins. I imagine the flagship sp / ssp galleries are just as good.

NICE!

i wanna say he left in the spring. will be interesting to see how
they do the basics going forward

[fabiani12333]

Originally Posted by Skipscards

I agree with a lot of this, but I disagree with the CGC standards. Their Gem Rate is typically tougher than PSA. I just took a random sample of some popular cards (don't know anything about Pokemon):

1975 Topps George Brett
PSA 10 - .06%, CGC 10 - 0%
PSA 9 - 1.91%, CGC 9 - .27%

1989 UD Griffey Jr
PSA 10 - 17%, CGC 10 - .55%

2011 Topps Update Trout
PSA 10 - 43.9%, CGC 10 - 27.27%

2018 Topps Heritage High Number Ohtani
PSA 10 - 57.1%, CGC 10 - 37.2%

2022 Topps Update Bobby Witt Jr
PSA 10 - 61.4%, CGC 10 - 63.4%

Other than Bobby Baseball which is nearly identical, PSA definitely gives 10s more often than CGC.

The '89 UD Griffey has a gem rate of 3.5% (4,231 PSA 10s / 120,939 total pop).

BGS is at 1.6% -- (541 "true gem" 9.5 + 113 pristine / 41,418 total pop)

[imbluestreak23]

Originally Posted by Skipscards

I agree with a lot of this, but I disagree with the CGC standards. Their Gem Rate is typically tougher than PSA. I just took a random sample of some popular cards (don't know anything about Pokemon):

1975 Topps George Brett
PSA 10 - .06%, CGC 10 - 0%
PSA 9 - 1.91%, CGC 9 - .27%

1989 UD Griffey Jr
PSA 10 - 17%, CGC 10 - .55%

2011 Topps Update Trout
PSA 10 - 43.9%, CGC 10 - 27.27%

2018 Topps Heritage High Number Ohtani
PSA 10 - 57.1%, CGC 10 - 37.2%

2022 Topps Update Bobby Witt Jr
PSA 10 - 61.4%, CGC 10 - 63.4%

Other than Bobby Baseball which is nearly identical, PSA definitely gives 10s more often than CGC.

To be fair, it's tough to compare CGC to anything pre 2020 because most of the good copies in circulation are already in one of the big two holders.

You can see that in your data. Every pre 2020 card has a higher gem rate in PSA because the availalbe good supply of raw has dried up.

Not the case for 2022 Bobby Witts, as both holders had a fair shot at getting quality

[KhalDrogo]

Originally Posted by Skipscards

I agree with a lot of this, but I disagree with the CGC standards. Their Gem Rate is typically tougher than PSA. I just took a random sample of some popular cards (don't know anything about Pokemon):

1975 Topps George Brett
PSA 10 - .06%, CGC 10 - 0%
PSA 9 - 1.91%, CGC 9 - .27%

1989 UD Griffey Jr
PSA 10 - 17%, CGC 10 - .55%

2011 Topps Update Trout
PSA 10 - 43.9%, CGC 10 - 27.27%

2018 Topps Heritage High Number Ohtani
PSA 10 - 57.1%, CGC 10 - 37.2%

2022 Topps Update Bobby Witt Jr
PSA 10 - 61.4%, CGC 10 - 63.4%

Other than Bobby Baseball which is nearly identical, PSA definitely gives 10s more often than CGC.

Not sure what their standards are for sports. But TCG is an easy avoid unless it’s a pristine. The prices reflect that.