Goldin acquired by collectors universe

[brothertona]

This is pretty huge and should take a chunk out of PWCC vault.

https://twitter.com/goldinauctions/s...155854336?s=21


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[KhalDrogo]

Amazing news to move the hobby forward. Congrats to Nat and team!

[brothertona]

To me for large cards it's the ideal situation, go directly from PSA to the vault - no extra hands involved


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[k13]

Now PSA can send their trimmed cards directly to their own auction.

[FinSoonerGMG]

I understand the excitement here with this news, but is anyone concerned about the possible conflict of interest that the company most known for adding value to a raw card (PSA) now owns one of the auction houses most notable for aggressively marketing price increases?

[byronscott4ever]

Originally Posted by FinSoonerGMG

I understand the excitement here with this news, but is anyone concerned about the possible conflict of interest that the company most known for adding value to a raw card (PSA) now owns one of the auction houses most notable for aggressively marketing price increases?

I think many are saying it already with more coming

[I only pull for]

Nat loves the hobby they said, he'll never do anything shady they said. 🤣🤣🤣

[Archangel1775]

Originally Posted by brothertona

This is pretty huge and should take a chunk out of PWCC vault.




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Can you elaborate? Does Goldin provide the same service as PWCC Vault?

[brothertona]

Originally Posted by Archangel1775

Can you elaborate? Does Goldin provide the same service as PWCC Vault?

From the report it mentioned the potential to send a card to PSA and then hold it in a vault


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[brothertona]

Originally Posted by Archangel1775

Can you elaborate? Does Goldin provide the same service as PWCC Vault?

The merger will allow for the businesses to start building out capabilities driven by data and by offering a full slate of services to collectors, such as vaulting items after they get graded by PSA or purchased through Goldin Auctions, as well as providing detailed pricing guides, according to Turner.


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[salthill]

Same day that Blackstone buy CCG.

[heatdawg]

I do not see how this is good for the hobby. One thing I have learned in 2020 is that too much power can be very bad.

I have faith in PSA but I do feel they are disconnecting from their customers because they are becoming too big.

I am an optimist but I have many doubts from this move.

Hopefully they have a plan in place, we will see.

[Onepocketj]

Seems like a huge conflict of interest. Not sure how this is a good thing.

[MIRRABB]

Originally Posted by heatdawg

I do not see how this is good for the hobby. One thing I have learned in 2020 is that too much power can be very bad.

I have faith in PSA but I do feel they are disconnecting from their customers because they are becoming too big.

I am an optimist but I have many doubts from this move.

Hopefully they have a plan in place, we will see.

well, your first mistake was having faith in PSA

[I only pull for]

It should bother everyone that has any orders open with PSA that PSA continues to focus on things other than fixing their grading mess.
Yes, it is a conflict of interest that Collector's Universe owns an auction house, just like it is a conflict of interest that Beckett owns one as well.

[Dame]

Ken cashing out?

[FinSoonerGMG]

I think a "Partnership" would have been fine. A grading company owning an auction house known for setting the market for products encased by that same grading company seems like a very slippery slope.

To me grading as a whole was a good evolution of the hobby in terms of what a card is evaluated at not necessarily "value" more condition. This move continues to push the value of the PSA slab versus the product inside of it and there has to be a lot of trust in the credibility especially when the market turns.

[cboog3105]

and the walls keep closing in

[byronscott4ever]

Whether or not this blows up, to me, appears to be how PSA graded stuff is viewed…if it seems grades are not deemed “right” then it is not good. If PSA is grading consistently, this could be great.

[Kobefan]

Vertical integration, now all they need to do is buy Panini and they'll have the maufacturer as well.

[3124508 on COMC]

Per Ken, GA’s “policies concerning altered cards will NOT be changing”.

[RogerGodahell]

Originally Posted by FinSoonerGMG

I think a "Partnership" would have been fine. A grading company owning an auction house known for setting the market for products encased by that same grading company seems like a very slippery slope.

To me grading as a whole was a good evolution of the hobby in terms of what a card is evaluated at not necessarily "value" more condition. This move continues to push the value of the PSA slab versus the product inside of it and there has to be a lot of trust in the credibility especially when the market turns.

Sounds familiar. Beckett used to be the sole price price setter for years before eBay was a thing.

[Onepocketj]

Originally Posted by 3124508 on COMC

Per Ken, GA’s “policies concerning altered cards will NOT be changing”.

I'll believe it when I see it. PSA bans you if you question them. Doubt that is changing any time soon.

[supbro]

Ken saw the prices of his last round of auctions and was like got to sell before they retract their offer lol.

[3124508 on COMC]

Originally Posted by Onepocketj

I'll believe it when I see it. PSA bans you if you question them. Doubt that is changing any time soon.

Just passing on what he told me. For the sake of collectors, I’m much more concerned about the potential SGC buyout and closure than this. It’s not like GA could be worse than Heritage or PWCC on this issue. From an altered cards standpoint, PSA might as well own PWCC already with the amount of ongoing racketeering between those two.