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Speaker 1: What's going on? Good morning everybody, Well morning on the

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West Coast. It's eight am out here in California. Some

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of you guys have a little bit of a head

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start on me, but good morning. We are here with

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Mike of junk Wax, Hero, Adam of Splendid Sports, and

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the one and only Doctor Beckett.

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Speaker 2: How you guys doing great? All right?

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Speaker 1: So we have a lot that we can go into today,

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But the topic that I wanted to get into was

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kind of are we in a new sports card bubble?

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And there are a few reasons that that comes to mind.

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I listened to Chris Hose's HOJ cast and he's been

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calling it a bull market for a while.

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Speaker 2: I think, right, yeah, it's his word, and.

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Speaker 1: It's it's definitely frothy for sure, and so I think

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I wanted to take a look at the first time

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I started kind of thinking about that was something that

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Adam said, and I agree with Adam on this comment,

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and I want to get his reaction when we come back.

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Speaker 2: And then I want to go around the around the

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horn and see if you.

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Speaker 3: Guys starting to realize that it's almost like twenty twenty

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one again and it's a little different you know, it's

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not the exact same cards that are going crazy. Some

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some you know iconic cards are doing the same thing

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they did. Now, history does repeat itself. Nobody knows if

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it's going to be just like the last time, and

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next month or two months we're going to go straight

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down again on those cards. But I made a decision myself.

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I'm not going to be buying any big cards, at

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least for the rest of the year and maybe longer

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than that.

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Speaker 2: Now.

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Speaker 3: I say the term because, or you could say expensive

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because you know, everyone has a different budget in the hobby,

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So an expensive card for someone out there might be

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one hundred thousand dollars. For someone else, it might be

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ten thousand. Someone else it could be one hundred bucks.

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Whatever that is. You know, it is for the person.

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But for me, I've decided I'm not doing I might

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not buy any cards. To be honest with you, I

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have a lot of the cards that I've always wanted.

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I have many things to do in my collection other

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than buying new cards. I have to organize. I have

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to rehold or some cards. I have to free some

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cards from some slabs that I want to put in

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my own slabs. I mean there is for any amount

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of time I have on this hobby, I have plenty

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of other things I can spend it on other than

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researching buying cards, trying to eBay. I've deleted all my

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eBay save searches. This is not that I don't believe

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in the sports card market long term or anything like that,

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but to me, it certainly feels like we're back in

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early twenty twenty one right now, and I don't want

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anything to do with buying cards right now at these

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level of prices.

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Speaker 1: All right, So, Adam, I know your next follow up video,

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you kind of were like, I don't want to come

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across as negative. I don't think you sounded negative there.

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I just thought you were telling your truth. So where

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do you stand by those comments?

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Speaker 4: Do you?

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Speaker 1: I mean, I don't think you need to walk them

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back at all. I do. I don't follow up on

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what you had.

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Speaker 2: To say there.

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Speaker 3: Yeah, and I can't stand watching myself talk. Yeah that

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was rough, but that was more of a personal choice

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based on where I'm at with my collection and the

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prices that we're seeing on some cards was like the

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icing on the cake. So yeah, I'm definitely not a

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doomsday or on the sports card market. Like I think

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some people in the comments called me, which is okay.

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I love love cards, love the hobby. But yeah, a

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lot of that That video kind of got prompted. I

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saw where the eighty nine Griffy Upper Deck PSA ten

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was selling over four thousand dollars and I was kind

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of shocked at that. So that kind of prompted that video.

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And yeah, I'm still not buying big cards, but again

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that's just where I'm at personally. But you know, I

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like seeing other people buy cards.

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Speaker 2: Now, Mike, have you.

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Speaker 1: Thought about slowing down your buying or big card buying?

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And I'm saving doctor Beckett for last for a reason.

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Have you adjusted what you're doing at all recently?

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Speaker 2: Mike, Yeah, I think so.

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Speaker 5: I think that the biggest part of this bubble is,

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as commenters have said, many other people have said, is

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more iconic bigger cards. You're not seeing the same thing

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that happen in twenty twenty early twenty twenty one, which

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is everything skyrocketing and value. You're mostly seeing the rarer

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items go up at an alarming rate. And I think

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that that's where I've kind of slowed down. I bought

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some stuff at the National, and I've slowed down the

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big stuff since the National and probably will continue to

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unless I find amazing deal.

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Speaker 2: Now.

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Speaker 1: Out of anyone in the history of the hobby, I

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don't know if anybody has studied and tracked the prices

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as closely as you, doctor Beckett. So I'm very curious

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what do you think about the current market, but also

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if you could shed some light in historically when you've

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seen times where there were spikes or there were times

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that there were dips, because there have been dips at

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least in certain areas of the market. What are some

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things historically that as you watched prices and tracked prices

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that you noticed were kind of trigger points or when

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things happened, what were the correlation for a statistics guy.

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Speaker 4: Thanks Greg, Yeah, basically, what happened in nineteen eighty that

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was a bubble. What happened in eighty seven that was

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a bubble. What happened in the mid nineties that was

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a bubble. So there's been other bubbles, but I like

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to think of it as bubbles plural, not like the

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hobby is one big giant spotlight, but it's like a

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bunch of led lights that are clustered together, and there's

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certain things that you could put out or that go

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go or brighter or dimmer. But the whole hobby is

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rarely hot at the same time, and people move around

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from something that they think is a little too hot,

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little too perhaps overvalued, little too too many people chasing

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it supply and demand. But we're in a situation where

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people need to not buy cards that they think are overpriced.

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You know, when I was more of a serious dealer collector,

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I bought everything that I saw there was a good deal,

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you know, And now people don't look for a good deal.

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They look for their card, and their card that's on

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their lists is the same card that's on a lot

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of people's lists, and it gets bit up to where

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so every one of those eighty eighty seven there was

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a run up. If something doubles overnight, you know, the

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faster something goes up, the more easily it can come down.

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If it's going up slightly, you know, a little bit

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each month, that doesn't happen anymore. It something gets a

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new world record price and maybe it's doubled. Those are

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the cards that can easily go down in another in

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an extreme fashion. The things that go up, So I

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think hopefully instead of thinking of one big bubble, we're

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thinking of certain things get too hot and I need

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to back off from them and look for something that's

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not Just like the arrows of the old magazine, arrows

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didn't mean it was going up. It meant it went up.

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So things that had already gone up when people are

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chasing them, they chase it until it's too high, and

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that particular bubble can either pop or it can go

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back to and a lot of times it goes back

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to more than it was at the beginning, but not

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to the full price. So I think I would say

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you know that, don't your your buying habits. You're reflecting

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on your buying habits, and you're taking a break from

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some of the things you're chasing that have gotten pricing.

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And if enough people do that, the price goes down

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and then you can jump back in. There's always been

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an ebb and flow this, but there would there would

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never be a crash if things went up five percent

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a month or five percent a year. But if things

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go up double one month, it's it can go quite

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a bit down and still people that bought it more

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than a month ago who've been brought it out to

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sell it could still make money.

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Speaker 2: Yeah.

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Speaker 1: I mean that's such a good point that, you know,

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the cryptocurrency thing where things triple in a week and

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then they go down fifty percent the next week, and

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then they quadruple the next week.

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Speaker 2: There is so much truth to that. Now.

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Speaker 1: A couple of people have been asking in the comments.

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I'll go to you, Adam, because one of them was

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kind of directed towards you. Are you referring to vintage cards,

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modern cards, all cards when you talk about the fact

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that you think that maybe things have gotten a little

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bit carried away, because I think, like doctor Beckett just said,

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there might be certain bubbles in the market, but does

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it mean that the whole market is in a bubble?

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Speaker 2: Maybe? Maybe not.

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Speaker 1: And then John three D and Dylan just said, well,

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I mean, isn't there a bigger collector base than there

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was a few years ago?

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Speaker 2: So could that have something to do with it?

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Speaker 4: Yeah?

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Speaker 3: I think I was talking more about certain cards, but

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I would say if it had to choose between vintage

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and modern, I guess I was looking more modern. Although

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you know, I saw in Card Ladder the pre war

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index that they have there is at an all time

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high for pre war even higher than like you know,

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twenty twenty one or any of that stuff. Vintage. The

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vintage index is not at an all time high, but

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it's up there pretty good. But you know, with that,

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that's so true with doctor Beckett said now about how

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things don't go up slowly, that's what surprised me the

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most about that Griffy card. I hadn't looked at it

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in a while, and I remember what it was like,

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a two thousand dollars card in a PSA ten, like

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a few months back, and then three months later it's

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selling consistently at four thousand, And that's what really to

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me was hard to wrap my head around. How does

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a card with forty four hundred copies in a PSA

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ten double in price? So but yeah, I guess those

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are the days we're in now where things don't go

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up steadily so to speak. They just double almost in

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a month or two. And then I don't know, really

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why is it? I guess going to that next question,

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there probably is a lot more collectors, is a new

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batch of people coming in, and that Griffy card was

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the one they remember as a kid, and it's now

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selling at that price because there's a lot of new

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people that wanted it for us, that have you know,

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been looking at that card for a long time and

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see where the price is. I don't think we would

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buy it at four thousand when we just could have

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gotten it three months ago at two thousand or twenty

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five hundred. But if someone's coming in cold and saying,

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what's the price of an eighty nine Griffy PSA ten

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four thousand, Okay, let's do it, you know, I think

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that might be some of that oudam.

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Speaker 4: One quick clarification. A lot of the new people coming

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in are not classic collector. They're more on along the

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lines of investors. They're they're late to the party, they're

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jumping in, they don't have the education, and they're saying, hey,

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this is what's hot. Things are going up. I'm gonna

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I'm gonna buy that. But my point is that I

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don't want those people to leave. I think those people

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need to see the nuance of the hobby and instead

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of of a bright, huge bullmark and everything's going up,

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think of it as a dimmer switch. You know, when

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things get too bright, you need to you need to

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turn it down a little bit and the turning down

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happens naturally in the laws of supply and demand in economics.

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When more come out and more people, uh, you know,

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then the price goes down because people say, Wow, that's

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that's too expensive. That's a natural ebb and flow, and

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that's that's like a safety valve or a relief relief

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out that brings it back to the equilibrium of This

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really ought to be a hobby for collectors buy collectors,

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and I don't want it to get hijacked by huge

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money people that bid up the great cards of the hobby.

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Speaker 1: Mike, what's your reaction to this, I mean, do you

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think that do you think that because there are areas

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that aren't going up, there are areas right now that

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are going down.

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Speaker 2: Within the hobby, right.

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Speaker 1: I mean I just did a video the other day

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and you could buy a PSA five out fifty seven

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alk line for cheap.

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Speaker 2: You know.

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Speaker 1: It's like but the big cards, and that's what doctor

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00:12:33,440 --> 00:12:35,120
Becker was talking about a second ago, some of these

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big cards of you know, that's where the light is

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shining the brightest at the moment.

250
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Speaker 2: What's your thought on that, Mike so al Kline.

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Speaker 5: I don't think has a big future in terms of collecting.

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I don't think people are saying new people in the

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hobby who are in their twenties, thirties, forties are coming

254
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in and saying I need an alk link. That's just

255
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not happening. They are saying, I need Tangerfy Junior, I

256
00:13:00,120 --> 00:13:04,039
need Mickey Mantle, I need the big time athletes that

257
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whose stories carry across generations and everybody may not remember them,

258
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but they know a lot about them. And even the

259
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Ken griff Junior eighty nine upper deck autographed card has

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doubled in value in the last six to twelve months

261
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or so, which is crazy. Like Adam said, they're forty

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four hundred and the ten. There are thousands of them

263
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that are autographed to many thousands of them, and just

264
00:13:27,480 --> 00:13:30,799
an autograph in a PSA eight with a ten autograph

265
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has doubled in under a year.

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Speaker 1: And it reminds me sort of of like the what

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to allude to an example of what you were saying

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about new people to the hobby going to Ken Griffy Junior,

269
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you know, going to guys like show Hey, going to

270
00:13:46,840 --> 00:13:50,200
a Mickey Mantle, even if you're into vintage, because you know,

271
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if you look at sports teams. You know, somebody says

272
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I want to start following baseball. They tend to go

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after the Yankees, the Red Sox, the the big market

274
00:14:01,480 --> 00:14:05,919
teams like that, and the big market teams in cards

275
00:14:06,240 --> 00:14:10,879
are those premier names and the premier names do it

276
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does seem like those are the ones that are going

277
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up crazy. But it's also interesting to me that they're

278
00:14:17,320 --> 00:14:20,879
going up while other stuff is going down, Like some

279
00:14:20,919 --> 00:14:22,840
stuff is going down right now.

280
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Speaker 5: So you're like Dan's comment there about cracker Jack cards,

281
00:14:25,720 --> 00:14:29,519
It's not only iconic players and iconic cards. It's iconic sets,

282
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Crackerjack cards nineteen fifty two tops, things like that are

283
00:14:33,000 --> 00:14:34,440
skyrocketing and value.

284
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Speaker 4: Too because they're being increasingly talked about. And I'm not

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going to blame content creators, but I mean, if something's

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being talked about, you come into the hobby, say, hey,

287
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that must be where the action is. Well, it is

288
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where the action is. It is where the action was,

289
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but nobody's talking about where the action will be.

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Speaker 1: Yeah, I mean, so how much of this is to

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blame on content creation? Because one of the things I

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think about is what percentage of people who are actually

293
00:15:06,759 --> 00:15:11,039
in the hobby even pay attention to at least YouTube. Now,

294
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I know Instagram has a whole content creator base and

295
00:15:14,519 --> 00:15:18,519
you know all the different platforms. Do is that as

296
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big a part of it or is it? Are we

297
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over estimating how much of the blame goes there? I

298
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don't know, Adam, do you think that do you think

299
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that the content creation that Instagram and the YouTube is

300
00:15:33,440 --> 00:15:37,679
blowing up things like Crackerjack cards and show Hey cards, and.

301
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Speaker 2: How much is to blame there?

302
00:15:39,519 --> 00:15:42,200
Speaker 3: I think Actually I've heard people say that, you know,

303
00:15:42,360 --> 00:15:46,320
only a small, very minute percentage of the hobby watches

304
00:15:46,360 --> 00:15:50,519
any YouTube or social media or it consumes any anything

305
00:15:50,720 --> 00:15:53,799
like that. I actually I think that's understated. I think

306
00:15:53,919 --> 00:15:56,240
there's a lot of people. I don't know what the

307
00:15:56,240 --> 00:15:59,200
percentage is, but I think there's a huge percentage of

308
00:15:59,360 --> 00:16:03,519
people that that are being influenced. That's not a bad term,

309
00:16:03,559 --> 00:16:07,919
that's just their buying decisions are being affected by podcasts

310
00:16:07,960 --> 00:16:09,600
and YouTube channels. I mean, you think I want to

311
00:16:09,600 --> 00:16:14,240
give an example, Cajun Cardboard he created and that he's

312
00:16:14,279 --> 00:16:17,759
a very sharp, well spoken guy and makes videos I

313
00:16:17,759 --> 00:16:21,000
think almost every day, and he's essentially dedicated his whole

314
00:16:21,080 --> 00:16:23,480
channel to Michael Jordan cards, I mean for the most part,

315
00:16:24,399 --> 00:16:26,360
and that's great. I think that's awesome. I think that's

316
00:16:26,360 --> 00:16:28,720
the type of content that we need more of in

317
00:16:28,720 --> 00:16:32,159
the hobby and a commitment to that. You know that

318
00:16:32,159 --> 00:16:33,879
it's a lot of work to do that, but someone

319
00:16:33,960 --> 00:16:37,240
like that, just one example. I think that makes a

320
00:16:37,320 --> 00:16:39,559
huge difference. I mean, look at I'm not saying he's

321
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one hundred percent the reason, but look at what Michael

322
00:16:42,679 --> 00:16:45,919
Jordan cards are doing on fanatics collect. Every time I

323
00:16:46,000 --> 00:16:49,279
go on Instagram, I see card Ladder reporting a new

324
00:16:49,320 --> 00:16:51,919
Michael Jordan card. Most of them I didn't even know existed.

325
00:16:52,240 --> 00:16:55,200
Inserts that I never even heard of that are hitting

326
00:16:55,480 --> 00:16:58,159
all time highs day after day after day. Not the

327
00:16:58,200 --> 00:17:00,639
eighty six Fleer all the time. It's like, you know,

328
00:17:00,759 --> 00:17:02,919
power in the Key and all these cards I never

329
00:17:02,919 --> 00:17:06,880
even knew existed. I think that's one example that it

330
00:17:07,000 --> 00:17:09,880
makes a huge difference. There's more people, I mean, just guys,

331
00:17:09,920 --> 00:17:12,880
your channels combine. I mean, think about how many people

332
00:17:12,920 --> 00:17:15,720
you reach with that, and think about the whole community

333
00:17:15,720 --> 00:17:18,200
on YouTube. I mean, even a channel that gets one

334
00:17:18,279 --> 00:17:21,240
hundred views right on a video, that's one hundred views

335
00:17:21,240 --> 00:17:23,240
times how many channels are out there that are reaching

336
00:17:23,279 --> 00:17:25,920
all these different people. I think it's making a huge difference.

337
00:17:26,039 --> 00:17:29,880
Speaker 4: Nice I'm not blaming content creators. I'm giving them credit

338
00:17:30,240 --> 00:17:34,680
when they're bringing honest passion to As long as it's

339
00:17:34,720 --> 00:17:40,000
honest and it's passionate, that that gets it gets that

340
00:17:40,039 --> 00:17:43,000
can go viral. What I don't like is, you know,

341
00:17:43,119 --> 00:17:46,160
people are if they're being too self serving. But when

342
00:17:46,160 --> 00:17:49,000
it's honest passion like cag and Cardboard, I mean, I

343
00:17:49,000 --> 00:17:52,720
think he's not reading a script, he's speaking from the

344
00:17:52,720 --> 00:17:56,039
heart and he's got analytical chops to back it up.

345
00:17:56,400 --> 00:17:59,119
I like that kind of stuff, but people still need

346
00:17:59,160 --> 00:18:00,839
to do their own due diligence.

347
00:18:01,079 --> 00:18:03,240
Speaker 1: Now let me ask you, doctor Beckett, because back in

348
00:18:03,279 --> 00:18:06,880
the day you were the content creator, you had the articles,

349
00:18:07,000 --> 00:18:09,880
you had the what's hot what's cold at the you know,

350
00:18:09,920 --> 00:18:12,960
at the front end of the Becket. How I mean,

351
00:18:13,119 --> 00:18:17,480
how difficult of a responsibility was that when you were

352
00:18:17,720 --> 00:18:21,119
one of the primary sources of that. And I know

353
00:18:21,200 --> 00:18:24,359
what you did is you extrapolated data and you used

354
00:18:24,359 --> 00:18:27,039
where the up arrows and that's what's creating the hot

355
00:18:27,119 --> 00:18:29,519
and what's got the down arrows is probably the not

356
00:18:29,720 --> 00:18:32,839
And I get that, but there is a responsibility with that,

357
00:18:33,039 --> 00:18:35,119
right of course, Like I.

358
00:18:35,079 --> 00:18:39,400
Speaker 4: Say, honest passion, you know, that's come coming from you know, helping,

359
00:18:39,839 --> 00:18:42,279
you know, promote the whole hobby, you know, and telling

360
00:18:42,359 --> 00:18:45,799
it like it is. You want to emphasize the positive.

361
00:18:45,920 --> 00:18:49,960
But you know, we allso had a cold list. Yeah,

362
00:18:50,000 --> 00:18:52,960
the hot list and the cold list, those were editorial.

363
00:18:53,079 --> 00:18:57,920
The price guide was analytical. Was was was data driven.

364
00:18:58,480 --> 00:19:03,839
There was there was much more editorial selection and discussion

365
00:19:04,519 --> 00:19:07,079
rather than analysis of the hot.

366
00:19:06,880 --> 00:19:08,799
Speaker 2: Lik Now, Mike, let me turn something to you.

367
00:19:09,000 --> 00:19:11,440
Speaker 1: So when I'm talking about a card or a player

368
00:19:11,480 --> 00:19:16,440
that I'm collecting, I just showed my autogram run Like legitimately,

369
00:19:16,599 --> 00:19:19,680
it doesn't even cross my mind for a single second

370
00:19:19,920 --> 00:19:24,319
that that might impact what other people might buy. Like,

371
00:19:24,519 --> 00:19:27,440
I like autogram because I think he's undervalued. I think

372
00:19:27,480 --> 00:19:31,319
football cards are undervalued. The guy has championships and MVPs.

373
00:19:30,799 --> 00:19:31,480
Speaker 2: And all this stuff.

374
00:19:31,519 --> 00:19:35,359
Speaker 1: He was one of the original quarterback goats, and his

375
00:19:35,480 --> 00:19:37,480
cards are affordable, and I like the looks of them.

376
00:19:37,519 --> 00:19:40,000
I think they're beautiful cards. And so I lay out

377
00:19:40,079 --> 00:19:43,880
my autogram run, you know, fifty to fifty five, and

378
00:19:44,079 --> 00:19:48,240
I go, these are awesome. And then you do occasionally

379
00:19:48,279 --> 00:19:50,960
have people go this guy's pumping football cards and I'm like,

380
00:19:51,319 --> 00:19:52,720
I just love football cards.

381
00:19:52,880 --> 00:19:53,960
Speaker 2: Do you ever have.

382
00:19:53,880 --> 00:19:56,759
Speaker 1: To think about that, Mike, when you're making content? Do

383
00:19:56,799 --> 00:20:00,559
you think, Wow, I have to be careful that I

384
00:20:00,000 --> 00:20:04,559
I don't pump something accidentally or is that just not

385
00:20:04,720 --> 00:20:05,720
something that goes through your mind?

386
00:20:05,720 --> 00:20:06,799
Speaker 2: Because it doesn't go through mind.

387
00:20:07,079 --> 00:20:09,200
Speaker 5: It has never gone through my mind, and I can't

388
00:20:09,200 --> 00:20:11,240
imagine that it's going to. If people are interested in

389
00:20:11,279 --> 00:20:13,640
the cards that I'm interested in, that's great. But I'll

390
00:20:13,640 --> 00:20:15,960
give you an example. Adam did a video where he

391
00:20:16,079 --> 00:20:20,039
showed off some Pedro Martinez nineteen nineties refractors, and I

392
00:20:20,119 --> 00:20:22,680
was like, oh man, those are amazing. I need those,

393
00:20:22,680 --> 00:20:24,319
and I went to eBay to look. And all it

394
00:20:24,359 --> 00:20:27,400
would take is one other person who saw Adam's video

395
00:20:27,720 --> 00:20:30,319
at the same exact time to go and if the

396
00:20:30,359 --> 00:20:33,400
two of us are bidding up rare Pedro Martinez nineteen

397
00:20:33,440 --> 00:20:38,279
nineties refractors, then that market can in the very short term,

398
00:20:38,519 --> 00:20:40,440
go up. You've created new comps, You've got two or

399
00:20:40,440 --> 00:20:45,759
three cards that it can happen. It's a weird confluence

400
00:20:45,759 --> 00:20:48,680
of events when somebody is showing really cool rare cards

401
00:20:49,079 --> 00:20:51,720
and you can see something some sort of impact from

402
00:20:51,720 --> 00:20:52,400
that well.

403
00:20:52,440 --> 00:20:55,039
Speaker 1: And I think you can also see some impact because

404
00:20:55,079 --> 00:20:58,640
on these ultra rare cards with low populations only, it

405
00:20:58,680 --> 00:21:00,920
only takes a couple of people to want to get

406
00:21:00,920 --> 00:21:03,359
in the market to really affect the price.

407
00:21:03,720 --> 00:21:05,599
Speaker 2: And I'm wondering if that's part.

408
00:21:05,319 --> 00:21:08,240
Speaker 1: Of the reason why, I mean, Orlando said it in

409
00:21:08,279 --> 00:21:12,119
the chat earlier, like pre war stuff and rare you know,

410
00:21:12,279 --> 00:21:17,680
stuff is absolutely on fire, and it does feel like

411
00:21:17,720 --> 00:21:20,519
a lot of people are moving towards the rare stuff

412
00:21:20,799 --> 00:21:24,440
over the iconic stuff. But then the King Griffy Junior

413
00:21:24,640 --> 00:21:27,359
is like the least rare card of all time and

414
00:21:27,400 --> 00:21:31,319
it's doubled in price in the last six months. I mean, Adam,

415
00:21:31,519 --> 00:21:35,359
do you think that do you think that the rareness

416
00:21:35,400 --> 00:21:39,480
factor is a part of the price because I don't

417
00:21:39,519 --> 00:21:42,640
think the King Griffy Junior plays into that. But it

418
00:21:42,720 --> 00:21:46,400
feels to me like rare stuff is what's going nuts.

419
00:21:46,680 --> 00:21:51,759
So how do we use the King Griffy Junior example

420
00:21:51,839 --> 00:21:53,960
in line with that? Or am I am I out

421
00:21:53,960 --> 00:21:56,160
of touch and it's not that's not the case.

422
00:21:56,359 --> 00:21:58,799
Speaker 3: Yeah, That's why I couldn't wrap my head around that card.

423
00:21:58,839 --> 00:22:01,559
So that was a specific example, because to your point,

424
00:22:01,599 --> 00:22:03,559
a lot of the stuff, even the Michael Jordan cards

425
00:22:03,559 --> 00:22:05,400
I was talking about, a lot of those, are numbered

426
00:22:05,400 --> 00:22:09,359
to one hundred or fifty, you know, so there's not

427
00:22:09,400 --> 00:22:11,119
that many of him out there. And to Mike's point,

428
00:22:11,480 --> 00:22:14,319
it doesn't take a lot for a card like that

429
00:22:14,519 --> 00:22:16,880
to set at all time high in an auction, as

430
00:22:16,920 --> 00:22:19,200
long as you know, especially when you have I mean

431
00:22:19,559 --> 00:22:22,559
when I say marketing, I've been doing marketing for twenty years.

432
00:22:22,680 --> 00:22:25,039
I believe in marketing when it's done right and honestly

433
00:22:25,440 --> 00:22:28,359
it works. And the Fanatics marketing I think has already

434
00:22:28,359 --> 00:22:30,279
started to work, even though they don't even have the

435
00:22:30,279 --> 00:22:34,000
football and the basketball licenses I guess officially yet, or

436
00:22:34,000 --> 00:22:36,680
they haven't put out cards yet that I think the

437
00:22:36,720 --> 00:22:40,200
marketing that you're seeing, I mean, Tom Brady has card shops,

438
00:22:40,319 --> 00:22:43,599
now that's pretty big. I heard the other day on

439
00:22:43,640 --> 00:22:47,680
a podcast Stacking Slabs with Drake, who's a huge Peyton

440
00:22:47,720 --> 00:22:51,720
Manning collector. He now is worrying about Peyton Manning outbidding

441
00:22:51,839 --> 00:22:54,960
him on Peyton Manning cards because Peyton Manning is buying

442
00:22:55,160 --> 00:22:58,839
his best cards apparently, and he's and he wants like

443
00:22:58,880 --> 00:23:01,039
his son collects, so they want to get his best cards.

444
00:23:01,319 --> 00:23:03,440
I mean, think about that. You're you're going against the

445
00:23:03,440 --> 00:23:05,319
guy you're trying to get a card of in an auction.

446
00:23:05,519 --> 00:23:08,359
In some of these it's kind of crazy. So I

447
00:23:08,400 --> 00:23:10,640
think there's there's definitely more people in it, and the

448
00:23:10,640 --> 00:23:12,039
marketing is working now.

449
00:23:12,160 --> 00:23:15,519
Speaker 1: The thing that I'm protective of is I'm protective of

450
00:23:15,640 --> 00:23:19,119
the new collector. The new collector who's coming in is

451
00:23:19,160 --> 00:23:25,000
the one who's very idealistic and very impressionable. And when

452
00:23:25,200 --> 00:23:30,559
some people are being indiscriminate with what they're pumping and

453
00:23:30,599 --> 00:23:34,279
what and they don't have good intentions, how do we

454
00:23:34,319 --> 00:23:37,759
protect doctor Beckett? How do we protect the people who

455
00:23:38,400 --> 00:23:42,680
are new to the hobby from this new these new

456
00:23:42,720 --> 00:23:46,240
platforms where it's very easy for anybody to pump something.

457
00:23:46,680 --> 00:23:50,079
And what can we do to say, well, that guy, well, Greg,

458
00:23:50,480 --> 00:23:55,559
he's passionate about vintage football, but this other person, uh,

459
00:23:55,680 --> 00:23:58,599
he's not. He's just pumping something. How does the new

460
00:23:58,599 --> 00:24:00,960
collector know that? How do we protect those people?

461
00:24:00,960 --> 00:24:03,720
Speaker 4: Well, it's just like you protect your child, you know,

462
00:24:03,920 --> 00:24:07,720
it's okay. Again, it's okay for a child to get burned,

463
00:24:08,200 --> 00:24:11,400
not okay for the child to get killed. So you know,

464
00:24:11,519 --> 00:24:15,480
in the hobby, the example is you know you're gonna

465
00:24:15,519 --> 00:24:18,440
learn from your mistakes. You just don't want the mistakes

466
00:24:18,440 --> 00:24:21,000
to be fatal. That I'm out of here. You know,

467
00:24:21,039 --> 00:24:24,000
if you slightly overpay for something, you follow the herd,

468
00:24:24,480 --> 00:24:28,480
that's not a criminal offense. That's a learning experience. And

469
00:24:28,559 --> 00:24:30,680
so I just think we've got to stay the course

470
00:24:31,200 --> 00:24:35,599
with honest passion of helping people understand and learn from

471
00:24:35,640 --> 00:24:38,759
their mistakes. It is not a no brainer to think

472
00:24:38,799 --> 00:24:42,000
that hey, everything's going up. I can buy anything at

473
00:24:42,039 --> 00:24:45,799
any price because next month they'll be higher. That's you.

474
00:24:45,799 --> 00:24:48,440
You're gonna get burned. I mean I get burned on everything,

475
00:24:48,480 --> 00:24:51,880
but you'll have some good examples of Wow, I followed

476
00:24:51,880 --> 00:24:54,759
the herd all the way off the cliff on that one.

477
00:24:54,960 --> 00:24:56,799
Speaker 2: Yeah, that's a really good point.

478
00:24:56,880 --> 00:24:59,759
Speaker 1: I guess maybe some of the education that we should

479
00:24:59,799 --> 00:25:03,160
can sitter and And I mean, Mike, I don't know

480
00:25:03,319 --> 00:25:05,680
if you've made videos on this, but I've.

481
00:25:05,519 --> 00:25:06,680
Speaker 2: Talked about it a little bit.

482
00:25:06,759 --> 00:25:09,640
Speaker 1: But if you're kind of new to the hobbing or

483
00:25:09,680 --> 00:25:12,000
you're thinking about it going into an area that you

484
00:25:12,039 --> 00:25:14,960
weren't before, like maybe you are a modern collector and

485
00:25:14,960 --> 00:25:17,880
you're thinking about getting an Vintage or vice versa. Maybe

486
00:25:17,920 --> 00:25:19,839
you don't do a swan dive into the deep end.

487
00:25:20,000 --> 00:25:22,599
Maybe you just kind of wade in slowly in the

488
00:25:22,640 --> 00:25:25,400
shallow end so that you can learn, so that those

489
00:25:25,519 --> 00:25:29,400
burns aren't severe. You know, like doctor Beckatt just said

490
00:25:29,759 --> 00:25:32,920
that if you don't want it to be, you know,

491
00:25:33,279 --> 00:25:36,160
a near death experience, you want it to be minor.

492
00:25:36,440 --> 00:25:39,039
And I think that that's one of the concerns with

493
00:25:39,319 --> 00:25:42,200
some of the pumping that happens is it's like, this

494
00:25:42,240 --> 00:25:44,119
is a sure thing, this is what you've got to do,

495
00:25:44,319 --> 00:25:46,160
and if you're new, I don't know.

496
00:25:46,279 --> 00:25:49,160
Speaker 2: I mean, is that, how do we encourage people to

497
00:25:49,200 --> 00:25:50,119
do that? Mike?

498
00:25:50,200 --> 00:25:53,200
Speaker 1: How do we encourage people to just you know, wade

499
00:25:53,200 --> 00:25:55,839
and instead of do a cannonball in the deep end?

500
00:25:55,960 --> 00:25:58,960
Speaker 5: Doctor Becka, go ahead, and you had something to say, they.

501
00:25:58,880 --> 00:26:00,839
Speaker 4: Want to do a cannon ball, why are you telling

502
00:26:00,880 --> 00:26:04,000
them not to do that? You know you don't want

503
00:26:04,079 --> 00:26:07,279
him do this belly flop smack where you got where

504
00:26:07,319 --> 00:26:10,960
they have where they're they're in a coma. You know

505
00:26:11,039 --> 00:26:14,400
they land flat. But if they do a cannonball and

506
00:26:14,440 --> 00:26:18,400
make a big splash, it's hard to tell them to

507
00:26:18,440 --> 00:26:21,400
not do what's human nature. That's that's all I'm saying.

508
00:26:21,720 --> 00:26:24,279
I just but they're not going to die from a cannonball.

509
00:26:24,799 --> 00:26:27,200
They're gonna think, well, I don't want to do that again,

510
00:26:27,279 --> 00:26:28,839
or hey, I want to jump back up and do

511
00:26:28,920 --> 00:26:31,400
it again. And if they run out of money or

512
00:26:31,440 --> 00:26:33,119
they have some friends say hey, here's a way to

513
00:26:33,160 --> 00:26:35,880
do a swan dive, or here's a way to do

514
00:26:35,920 --> 00:26:40,000
a backflip. You know, people, they just have different personalities

515
00:26:40,039 --> 00:26:43,240
and so we can't I'm the old guy here. You

516
00:26:43,279 --> 00:26:46,640
can't say, hey, this is the way to collect that's

517
00:26:47,279 --> 00:26:50,160
a voice of reason. No, you need a voice of

518
00:26:50,319 --> 00:26:55,279
passion that's bridled with some common sense and some learning

519
00:26:55,319 --> 00:26:55,839
as you go.

520
00:26:56,319 --> 00:27:00,000
Speaker 1: That's a good point, But Mike, what about Dan's common

521
00:27:00,440 --> 00:27:03,160
He's saying that it sends them straight to these big

522
00:27:03,279 --> 00:27:08,039
channels instead of the kind of I don't know, average

523
00:27:08,079 --> 00:27:09,079
thinking type guy.

524
00:27:09,839 --> 00:27:12,799
Speaker 2: Is that? I mean, what's your response to that? Mind?

525
00:27:12,960 --> 00:27:17,039
Speaker 5: And yet people still discover us somehow. We don't have

526
00:27:17,400 --> 00:27:20,519
great production value, we don't have amazing thumbnails. The thumbnails

527
00:27:20,559 --> 00:27:24,519
are really the thing that attract people to videos and

528
00:27:25,279 --> 00:27:30,119
all the seo things that the bigger channels do. But

529
00:27:30,480 --> 00:27:33,720
people are still finding our channels, and you know, we're

530
00:27:33,759 --> 00:27:37,920
getting thousands of views per video because the YouTube algorithm

531
00:27:38,200 --> 00:27:40,000
is still going to feed people who are interested in

532
00:27:40,000 --> 00:27:44,319
our things, our videos, and that's important and it's helpful.

533
00:27:45,400 --> 00:27:48,960
I think that the I enjoy some of Jeff's videos,

534
00:27:49,000 --> 00:27:51,960
I'm sorry, I do. I do think that some of

535
00:27:52,000 --> 00:27:55,000
them are very bad, but I also enjoy some of them.

536
00:27:55,160 --> 00:27:58,039
And it's okay that there is a massive, massive channel

537
00:27:58,440 --> 00:28:00,960
that a lot of people are getting fed too. I

538
00:28:01,000 --> 00:28:04,359
think that we are kind of the next step for

539
00:28:04,400 --> 00:28:06,960
a lot of people once they're ready for more education.

540
00:28:07,440 --> 00:28:11,319
Speaker 1: Yeah, I hear that, and I agree with that, and

541
00:28:11,319 --> 00:28:15,119
and you know, but YouTube's algorithm isn't designed to protect

542
00:28:15,240 --> 00:28:18,880
new collectors, you know, like to Mike's or to dance point.

543
00:28:19,279 --> 00:28:22,400
YouTube is designed to get people to go on YouTube

544
00:28:22,400 --> 00:28:25,720
and stay on YouTube. They're not designed to go, oh, well,

545
00:28:25,759 --> 00:28:28,160
these people might be new, so we should send them

546
00:28:28,200 --> 00:28:30,599
to this guy over here. And I'm not suggesting you're

547
00:28:30,640 --> 00:28:34,119
saying that, Mike, but that's part of the conundrum that

548
00:28:34,200 --> 00:28:38,079
I think we have when we're talking about something like,

549
00:28:38,559 --> 00:28:42,279
you know, new people in the hobby and their influence,

550
00:28:42,400 --> 00:28:46,759
and that does concern me. It absolutely concerns me. And

551
00:28:46,759 --> 00:28:49,599
and you're right. The production value that I have is

552
00:28:49,720 --> 00:28:53,200
I literally am the lowest production People say, how much

553
00:28:53,240 --> 00:28:54,160
money did you invest?

554
00:28:54,279 --> 00:28:56,839
Speaker 2: I go zero? Zero dollars?

555
00:28:56,920 --> 00:28:57,119
Speaker 1: Was it?

556
00:28:57,160 --> 00:28:58,000
Speaker 2: Greg? Greg?

557
00:28:58,000 --> 00:29:00,559
Speaker 3: If your production value is bad, that I'm in real

558
00:29:00,599 --> 00:29:03,359
trouble because your way better than mine. So I don't know.

559
00:29:03,799 --> 00:29:05,400
I think you guys do a great job with that.

560
00:29:05,880 --> 00:29:08,359
Speaker 1: I mean we might edit some stuff a little bit,

561
00:29:08,559 --> 00:29:12,359
but I mean these guys have teams of professionals that are,

562
00:29:12,519 --> 00:29:14,519
you know, professionally educated.

563
00:29:14,559 --> 00:29:15,720
Speaker 2: We can't compete with that.

564
00:29:17,160 --> 00:29:20,519
Speaker 4: No, no, you could if you chose to go. Jeff

565
00:29:20,559 --> 00:29:25,400
Wilson is not an accidental success, but his success metric,

566
00:29:25,480 --> 00:29:28,240
the numbers he looks at for what is a success

567
00:29:28,680 --> 00:29:32,359
is different than what probably anybody here looks at. He

568
00:29:32,400 --> 00:29:36,079
looks at it, and he's very entrepreneurial, and he's he's

569
00:29:36,200 --> 00:29:38,599
invested a lot into it, and I believe he has

570
00:29:38,680 --> 00:29:41,720
honest passion. But he's got so many irons in the

571
00:29:41,720 --> 00:29:45,720
fire now and so many you know, they're not conflicts

572
00:29:45,720 --> 00:29:48,440
of interest as much as he's moving in a lot

573
00:29:48,440 --> 00:29:49,160
of directions.

574
00:29:49,440 --> 00:29:53,599
Speaker 1: I completely agree, and I want to respond to this

575
00:29:53,720 --> 00:29:56,720
comment right here, but I do want to acknowledge we

576
00:29:56,920 --> 00:30:00,599
just crossed the one hundred people in the chat threshold,

577
00:30:00,680 --> 00:30:04,279
so very very much appreciate that to everybody who came

578
00:30:04,319 --> 00:30:08,119
out and joined us this morning, especially my West Coast

579
00:30:08,160 --> 00:30:13,839
people like you, Joe. I, why are we throwing marshmallows.

580
00:30:13,880 --> 00:30:16,839
I don't think doctor Beckett is throwing marshmallows. I think

581
00:30:16,920 --> 00:30:19,880
he's being a little bit more straight. I just it's

582
00:30:19,960 --> 00:30:22,599
not the way that I am is And I just

583
00:30:22,680 --> 00:30:25,799
dropped the video this morning, and I basically am saying,

584
00:30:25,960 --> 00:30:29,160
instead of talking about all the things that I don't

585
00:30:29,240 --> 00:30:31,920
like about something, we have a lot in common. I

586
00:30:32,079 --> 00:30:36,119
have a lot in common with every content creator, and

587
00:30:36,240 --> 00:30:40,119
so I don't really feel the need to shoot arrows

588
00:30:40,400 --> 00:30:43,000
at a guy who has a slight difference in me.

589
00:30:43,400 --> 00:30:47,640
Now I realize that some content creators are have good

590
00:30:47,640 --> 00:30:52,519
intentions and some don't, and to a certain amount, I

591
00:30:52,559 --> 00:30:56,319
should help protect others from that. But at the same time,

592
00:30:56,640 --> 00:31:01,200
that's like doctor Beckett just said, that is a small burn,

593
00:31:01,480 --> 00:31:04,640
I think, and so people do have to learn. And

594
00:31:04,880 --> 00:31:07,160
I'm not going to bad mouth somebody else and what

595
00:31:07,200 --> 00:31:10,599
they're doing to make myself seem like I'm better than

596
00:31:10,640 --> 00:31:13,119
what they're doing. I'm just going to be me, and

597
00:31:13,640 --> 00:31:16,559
if people choose to be with them, that's fine. If

598
00:31:16,559 --> 00:31:19,559
people don't, that's fine. But I'm just not in That's

599
00:31:19,640 --> 00:31:21,680
just not me. I'm just not going to go rip

600
00:31:21,720 --> 00:31:23,960
on people that I don't I don't agree with, but

601
00:31:24,279 --> 00:31:28,079
I do appreciate what you're saying. I do appreciate that

602
00:31:28,599 --> 00:31:33,559
I'm not attacking a specific person and that's for somebody else.

603
00:31:33,640 --> 00:31:36,079
That's and there are channels that do that, and that's

604
00:31:36,160 --> 00:31:39,880
their spot in the hobby. For me, I mean, Mike,

605
00:31:40,279 --> 00:31:43,079
how would you how would you answer that I'm Are

606
00:31:43,079 --> 00:31:47,440
we throwing marshmallows at certain people or are we just

607
00:31:47,559 --> 00:31:50,160
being inclusive people.

608
00:31:51,279 --> 00:31:52,920
Speaker 5: I don't think the intent was for us to come

609
00:31:52,920 --> 00:31:54,960
out and say Jeff Wilson is bad for the hobby.

610
00:31:54,960 --> 00:31:58,599
That's just not something that we are here to do.

611
00:31:58,680 --> 00:32:01,720
I think his goal is to completely maximize revenue for

612
00:32:01,839 --> 00:32:04,960
himself and his business, and our goal is to have

613
00:32:05,000 --> 00:32:07,480
fun because this is a side hobby for most of

614
00:32:07,559 --> 00:32:10,039
us is doing YouTube and if we can make a

615
00:32:10,039 --> 00:32:12,720
little money, which I think we do at the same time,

616
00:32:12,759 --> 00:32:15,640
that's great. But I'm not trying to maximize my YouTube revenue.

617
00:32:15,759 --> 00:32:17,200
I'm just I don't have the time for that.

618
00:32:17,599 --> 00:32:18,680
Speaker 2: Yeah, that's a good point.

619
00:32:19,440 --> 00:32:22,480
Speaker 1: My goal is not to get views, just not it's

620
00:32:22,559 --> 00:32:25,119
to share my love of certain things that I love.

621
00:32:25,519 --> 00:32:28,079
How about this, Now, this is one of the topics

622
00:32:28,079 --> 00:32:29,640
that I had kind of put on the side, and

623
00:32:29,720 --> 00:32:31,839
I do think it's on a lot of people's mind.

624
00:32:31,960 --> 00:32:34,440
You know, there was this video that came out with

625
00:32:35,960 --> 00:32:40,319
a former PSA employee. Now he worked in the in

626
00:32:40,359 --> 00:32:42,880
the he didn't work in the grading room. The guy

627
00:32:43,000 --> 00:32:50,200
worked in the information gathering, like identifying what the cards are. Yeah,

628
00:32:50,279 --> 00:32:52,839
does anybody have an opinion on that video? I mean,

629
00:32:52,880 --> 00:32:55,400
it's getting It's got forty four thousand views, so I

630
00:32:55,400 --> 00:32:59,039
think it's worthy of at least reacting to it. Was

631
00:32:59,119 --> 00:33:01,599
Professor Sports Cards is the name of the channel. The

632
00:33:01,640 --> 00:33:04,880
guy's been doing lots of content, lots of lives lately,

633
00:33:06,079 --> 00:33:07,240
And does.

634
00:33:07,119 --> 00:33:09,599
Speaker 2: Anybody have an opinion on that? I mean, Adam, do

635
00:33:09,640 --> 00:33:11,279
you did you watch that video?

636
00:33:11,680 --> 00:33:15,359
Speaker 3: I did? Yeah, I watched that video. Yeah, And I

637
00:33:16,240 --> 00:33:19,319
guess the one thing that I was thinking about after

638
00:33:19,359 --> 00:33:22,160
that one when when the when the guy who worked

639
00:33:22,160 --> 00:33:26,200
at PSA was saying that employees can employees send in

640
00:33:26,240 --> 00:33:28,720
their cards? As you know, i'd use you to imagine right,

641
00:33:29,119 --> 00:33:30,880
Although I don't know would it be more ethical if

642
00:33:30,880 --> 00:33:34,240
a PSA employee wasn't allowed to submit to PSA, But

643
00:33:34,279 --> 00:33:36,319
then I don't know what the solution would be there.

644
00:33:36,359 --> 00:33:39,000
But when an employee sends in cards to PSA, they

645
00:33:39,039 --> 00:33:42,960
get marked and they know they're from an employee, and

646
00:33:43,000 --> 00:33:45,960
then I guess people can grab certain cards, like you

647
00:33:45,960 --> 00:33:48,079
have a choice, you can just go over. I'm like

648
00:33:48,119 --> 00:33:50,720
picturing a table where you get all these options and

649
00:33:50,880 --> 00:33:52,400
someone can go over and say, oh, I feel like

650
00:33:52,400 --> 00:33:54,640
grade in these today, you know, and you kind of choose.

651
00:33:54,720 --> 00:33:57,559
So that was interesting to me. I never heard that before,

652
00:33:58,240 --> 00:34:01,200
But yeah, I don't know. I'd love to hear doctor

653
00:34:01,240 --> 00:34:04,640
Beckett your thoughts on conflict of interest with people that

654
00:34:04,720 --> 00:34:07,279
work at PSA being able to grade with PSA. Does

655
00:34:07,279 --> 00:34:08,960
that matter or what do you think on that?

656
00:34:09,840 --> 00:34:12,719
Speaker 4: What we tried to establish a BGS was kind of

657
00:34:12,760 --> 00:34:16,920
like a double blind system where you didn't know whose

658
00:34:17,000 --> 00:34:19,800
cards you were grading. You weren't picking out the cards

659
00:34:19,840 --> 00:34:23,239
they were assigned, and you didn't know whose cards they were,

660
00:34:23,280 --> 00:34:25,679
and the person submitting didn't know who the grader was.

661
00:34:25,760 --> 00:34:29,840
So it was double blind. And although I'm pretty sure

662
00:34:29,840 --> 00:34:32,280
I know who was grading the cards that I submitted

663
00:34:33,559 --> 00:34:36,360
a number of years ago, because Andy Broome was doing

664
00:34:36,440 --> 00:34:39,000
most of the vintage in those days, and I think

665
00:34:39,039 --> 00:34:41,719
Andy was getting my cards, but he was getting a

666
00:34:41,760 --> 00:34:45,079
lot of the vintage cards. But within reason, I think

667
00:34:45,119 --> 00:34:48,679
there's an attempt and most companies, and I'm certainly not

668
00:34:48,719 --> 00:34:50,840
going to throw PSA under the bus. I think they're

669
00:34:50,840 --> 00:34:57,280
doing a lot of things right. But you know, you

670
00:34:57,400 --> 00:35:01,119
want to not just have a void conflict. You want

671
00:35:01,320 --> 00:35:04,880
to avoid the appearance of conflict of interest, and anything

672
00:35:05,000 --> 00:35:09,000
that suggests that I can grade my buddy's cards is

673
00:35:09,480 --> 00:35:13,639
not a good look. And that certainly was we I

674
00:35:13,679 --> 00:35:16,880
think we really avoided that at BGS, and I would

675
00:35:16,960 --> 00:35:20,960
think PSA would would avoid that as well. And even then,

676
00:35:21,639 --> 00:35:25,960
you know, it's grade the card, not grade the submitter.

677
00:35:26,360 --> 00:35:28,760
You know, I always had a pet peeve that if

678
00:35:28,800 --> 00:35:34,039
certain bulk submitters were perceived as getting more preferred grades,

679
00:35:34,440 --> 00:35:37,159
that's damaging to the brand. The card needs to be

680
00:35:37,280 --> 00:35:40,800
judged on its own merits, and that's regardless of who

681
00:35:40,880 --> 00:35:43,519
submitted it and who graded it. And that's why we

682
00:35:43,719 --> 00:35:47,159
frequently have a second grader to come in and make

683
00:35:47,199 --> 00:35:48,800
sure there was a congruence.

684
00:35:49,039 --> 00:35:51,480
Speaker 1: Can I ask you a question, doctor Beckett. I've always

685
00:35:51,519 --> 00:35:56,960
been curious from the grading perspective about this topic. When

686
00:35:57,280 --> 00:36:02,119
new technologies are introduced to the grading process. So maybe

687
00:36:02,559 --> 00:36:06,079
you know PSA is using some sort of software to

688
00:36:06,159 --> 00:36:10,239
determine the exact centering standards or what the centering of

689
00:36:10,280 --> 00:36:13,559
a card is, or they're using new technologies to I

690
00:36:13,599 --> 00:36:16,280
saw SGC has something where they scan a card and

691
00:36:16,320 --> 00:36:19,440
it kind of sees wrinkles that maybe you otherwise wouldn't

692
00:36:19,480 --> 00:36:22,320
have seen when you guys were going through the process,

693
00:36:23,519 --> 00:36:27,760
and you're introducing new technologies, how do you keep that

694
00:36:28,280 --> 00:36:32,360
from becoming a tougher grading system. How does it stay

695
00:36:32,440 --> 00:36:36,519
consistent from the beginning or is it just assumed that

696
00:36:36,639 --> 00:36:40,679
over time, because of the assistive technologies, that the grading

697
00:36:40,800 --> 00:36:42,760
is beg going to become a little bit more strict.

698
00:36:43,320 --> 00:36:45,880
Speaker 4: Well strict, I don't know if i'd use the word

699
00:36:45,920 --> 00:36:48,360
strict as much as accurate. I mean, if you have

700
00:36:48,440 --> 00:36:51,920
new technology, it's going to help you find flaws. Those

701
00:36:51,960 --> 00:36:54,559
flaws are already there, but if you can see them

702
00:36:54,920 --> 00:36:56,880
with a certain kind of light or a certain kind

703
00:36:56,920 --> 00:37:02,480
of manufacturing magnification, or certain kind of a spectral thing,

704
00:37:02,920 --> 00:37:06,639
or the edges where you're looking at a side view

705
00:37:08,079 --> 00:37:11,960
you know surface that you're seeing smudges or or print

706
00:37:12,000 --> 00:37:16,079
dots that are you know. The problem is, and this

707
00:37:16,159 --> 00:37:19,239
is the backlash with I appeal, is that if you

708
00:37:19,320 --> 00:37:23,400
can only see the flaw with the newest of the

709
00:37:23,480 --> 00:37:28,400
new microscopes, then is it really a flaw that's that's

710
00:37:28,440 --> 00:37:32,679
gonna gonna damn it that that should downgrade the card. BGS,

711
00:37:32,679 --> 00:37:36,079
in its defense, is breaking it down to the four subgrades,

712
00:37:36,400 --> 00:37:40,920
and so the standard has to be the standard. You know.

713
00:37:41,039 --> 00:37:47,599
The different way to figure out two more uh, dispassionately

714
00:37:47,679 --> 00:37:51,840
look at the centering is also tricky because not all

715
00:37:51,880 --> 00:37:56,360
cards have borders, not all cards. So just in theory,

716
00:37:56,679 --> 00:37:59,679
what you're saying Greg is right is that with new

717
00:37:59,719 --> 00:38:03,280
technology you can see more flaws that would drive the

718
00:38:03,320 --> 00:38:07,239
grades down. But there has to be some consistency with

719
00:38:07,400 --> 00:38:10,480
the fact that this is still a card that although

720
00:38:10,519 --> 00:38:13,440
maybe it's not Jim Mint, maybe it's not pristine, it's

721
00:38:13,480 --> 00:38:16,840
still mint. It's still mint. The problem is with PSA

722
00:38:17,000 --> 00:38:20,639
that that's the huge difference between a nine and a ten,

723
00:38:21,079 --> 00:38:24,159
and they are once that have tightened up, and I

724
00:38:24,199 --> 00:38:25,800
don't know that it was based on it might have

725
00:38:25,880 --> 00:38:29,199
been based on technology when they tightened up from their

726
00:38:29,360 --> 00:38:32,199
sixty forty lenience to fifty five forty five.

727
00:38:32,519 --> 00:38:36,960
Speaker 1: Yeah, I mean you mentioned if that was if technology

728
00:38:37,679 --> 00:38:42,239
sees things that were always there. But if the technology

729
00:38:42,360 --> 00:38:44,360
is seeing what was always there and before it wasn't

730
00:38:44,440 --> 00:38:47,679
seen so before it slipped through the cracks, it is

731
00:38:47,920 --> 00:38:53,440
a stricter grading system, which worries me because yes, it's

732
00:38:53,480 --> 00:38:57,239
catching more so, yes it's probably more accurate. But in

733
00:38:57,280 --> 00:39:00,480
response to that, then that means the things that weren't

734
00:39:00,480 --> 00:39:04,239
being caught before we're graded easier than the things that

735
00:39:04,280 --> 00:39:07,679
are being graded now. Mike, I know that you have

736
00:39:07,920 --> 00:39:13,320
probably thoughts about grading standards potentially changing and more things

737
00:39:13,360 --> 00:39:16,400
being caught. Is this an issue or is this something

738
00:39:16,400 --> 00:39:17,679
that I just need to let go of?

739
00:39:17,960 --> 00:39:22,159
Speaker 5: Y Well, can't be both. It can be an issue,

740
00:39:22,199 --> 00:39:25,119
and we can also just accept it because there's nothing

741
00:39:25,440 --> 00:39:30,719
that we can do about it. Either we stop grading altogether,

742
00:39:31,159 --> 00:39:35,000
especially with PSA, which I have done, or we accept

743
00:39:35,000 --> 00:39:37,719
it and continue grading with PSA. We can complain about

744
00:39:37,719 --> 00:39:39,519
it all day, but we're not really doing anything other

745
00:39:39,599 --> 00:39:43,840
than potentially educating people but also turning people off from

746
00:39:44,000 --> 00:39:46,199
watching our channels because we just keep talking about the

747
00:39:46,199 --> 00:39:46,639
same things.

748
00:39:47,039 --> 00:39:50,480
Speaker 4: Greg. If this was a bigger deal, Tag would be

749
00:39:50,519 --> 00:39:53,800
in first place of grading because Tag has the latest

750
00:39:53,840 --> 00:39:57,840
technologies machine learning as well as that. And the hobby

751
00:39:57,960 --> 00:40:01,119
is not said, that's what we want. They want that

752
00:40:01,199 --> 00:40:04,320
little bit of subjectivity and that little bit of interpretive

753
00:40:04,400 --> 00:40:08,519
nuance that this is a mint card, and this is

754
00:40:08,519 --> 00:40:10,800
a gem Mint card, and this is near mint mint,

755
00:40:10,880 --> 00:40:14,360
and this is excellent and all that stuffy. The hobby

756
00:40:14,960 --> 00:40:22,000
wants expert grading that has some latitude to give people

757
00:40:22,559 --> 00:40:25,440
what they think is a Mint card and not what

758
00:40:25,519 --> 00:40:26,320
a machine says.

759
00:40:26,679 --> 00:40:31,159
Speaker 1: I get that, I do get that, But I feel like,

760
00:40:31,719 --> 00:40:37,519
isn't it possible that in the automobile industry, it's possible

761
00:40:37,679 --> 00:40:40,239
that Toyota might not make the best car.

762
00:40:40,679 --> 00:40:42,119
Speaker 2: It might be Honda.

763
00:40:42,519 --> 00:40:47,880
Speaker 1: But if somebody believes and is loyal to the Toyota brand,

764
00:40:48,159 --> 00:40:51,960
they keep buying Toyotas even if Honda is better. And

765
00:40:52,000 --> 00:40:54,400
I'm not saying somebody is better than PSA or not.

766
00:40:55,039 --> 00:40:58,239
I think there's a certain level of consistency and brand

767
00:40:58,280 --> 00:41:02,119
loyalty that in a cult sure of your collection that

768
00:41:02,199 --> 00:41:04,880
people that is hard to take and I think it's

769
00:41:05,039 --> 00:41:07,440
to take away and I think it's possible, at least

770
00:41:07,519 --> 00:41:10,760
in my opinion, I think it's possible that the best

771
00:41:10,800 --> 00:41:13,360
grader is not the most popular grader.

772
00:41:13,559 --> 00:41:17,480
Speaker 4: No, guys, I mean the all p s A tens

773
00:41:17,519 --> 00:41:19,719
are not equal, you know, all p s A nines,

774
00:41:19,800 --> 00:41:23,039
all bgs nines. I mean even with all the same subgrade.

775
00:41:23,199 --> 00:41:26,440
So this is a good development that it's that it's

776
00:41:26,480 --> 00:41:29,400
defeating the notion, just like with the when the when

777
00:41:29,440 --> 00:41:34,159
the PMG greens in low grades go for spectacular prices.

778
00:41:34,440 --> 00:41:38,920
You know that the grade is one indicator of the

779
00:41:39,039 --> 00:41:40,800
value the card, and it may not even the most

780
00:41:40,840 --> 00:41:45,119
important indicator. And so I appeal and the and and

781
00:41:45,159 --> 00:41:48,199
buying the card, not the grade to take the grade

782
00:41:48,639 --> 00:41:50,719
is this is an eight? You should look at the

783
00:41:50,719 --> 00:41:53,599
serial number. You should look at who's the grader. You

784
00:41:53,599 --> 00:41:56,119
should look at what is the defect that made it

785
00:41:56,159 --> 00:41:58,599
an eight? Is that something that's important to you? All

786
00:41:58,679 --> 00:42:01,519
that is good news, you know, if grades are just

787
00:42:01,760 --> 00:42:04,199
if it's so basic. But in eight is an eight

788
00:42:04,280 --> 00:42:06,239
is an eight? And nine is a nine? Is a nine?

789
00:42:06,760 --> 00:42:10,199
That's not as dynamic. That's there's not as much opportunity

790
00:42:10,280 --> 00:42:16,079
for the hobby being being about passion and my PSA

791
00:42:16,239 --> 00:42:19,079
ten is better than your PSA ten or my BGS

792
00:42:19,159 --> 00:42:21,840
nine point five is equal or better to than your

793
00:42:21,880 --> 00:42:25,199
PSA ten. This is all part of the hot stove league.

794
00:42:25,599 --> 00:42:29,119
That that is the reason there's so many channels. If

795
00:42:29,159 --> 00:42:33,000
it was too deterministic, that that would be boring.

796
00:42:33,480 --> 00:42:36,119
Speaker 1: I absolutely love that point.

797
00:42:36,239 --> 00:42:37,480
Speaker 2: You're absolutely right.

798
00:42:37,519 --> 00:42:40,000
Speaker 1: If there were two football teams, it would be the

799
00:42:40,119 --> 00:42:43,880
NFL would be boring. But we get to, you know,

800
00:42:44,519 --> 00:42:47,119
kind of needle our buddies a little bit because of

801
00:42:47,199 --> 00:42:51,400
their team. I mean that it creates an infinite number

802
00:42:51,840 --> 00:42:55,039
of factors when looking at a card and whether it

803
00:42:55,079 --> 00:42:58,599
meets your eyes. It's a really interesting point. But what

804
00:42:58,719 --> 00:43:01,360
I do think that it means means is I think

805
00:43:01,400 --> 00:43:05,719
that it means that the number is not as valuables

806
00:43:06,199 --> 00:43:08,639
as they want to think that it is. You're right,

807
00:43:08,840 --> 00:43:10,679
an eight is not an eight is not an eight,

808
00:43:11,000 --> 00:43:12,360
or an eight is an eight is an eight.

809
00:43:12,480 --> 00:43:14,480
Speaker 2: It's not the fact. That's not the case.

810
00:43:14,480 --> 00:43:17,760
Speaker 1: There's an infinite number of factors, which means an eight

811
00:43:17,840 --> 00:43:20,400
to you might be different than an eight to me.

812
00:43:20,920 --> 00:43:22,840
Speaker 2: And it does make it more fun, it makes it

813
00:43:22,840 --> 00:43:24,000
more interesting. Mike.

814
00:43:24,039 --> 00:43:25,920
Speaker 1: You just set up in your chair, so I'm ready

815
00:43:26,119 --> 00:43:27,679
I'm ready for some good stuff.

816
00:43:27,960 --> 00:43:28,159
Speaker 2: Now.

817
00:43:28,199 --> 00:43:31,360
Speaker 5: I am very antsy all the time. I move around

818
00:43:31,360 --> 00:43:31,639
a lot.

819
00:43:31,719 --> 00:43:33,119
Speaker 2: That's it's it's just me.

820
00:43:33,599 --> 00:43:37,760
Speaker 5: But to doctor Beckett's point, an eight that isn't centered

821
00:43:37,960 --> 00:43:39,760
is not a good card. To me, I would not

822
00:43:39,840 --> 00:43:42,679
buy an eight that's off center, and eights can be

823
00:43:43,079 --> 00:43:46,480
fairly off center based on their guidelines, whereas I would

824
00:43:46,519 --> 00:43:50,000
rather have a four that's beautifully centered than an eighth

825
00:43:50,000 --> 00:43:53,960
that isn't because centering, to me, is the most important criteria.

826
00:43:53,800 --> 00:43:57,039
Speaker 4: That makes you a collector, not an investor. Because investors

827
00:43:57,039 --> 00:43:59,320
don't think that way. They're going to take the eight

828
00:43:59,559 --> 00:44:02,880
because it's an eight, not the four that's looking.

829
00:44:02,800 --> 00:44:04,159
Speaker 3: Will they ever think that way though?

830
00:44:04,199 --> 00:44:04,599
Speaker 2: You think?

831
00:44:04,840 --> 00:44:05,360
Speaker 3: I mean in the.

832
00:44:05,320 --> 00:44:09,360
Speaker 4: Future investors if they stay investors. But I want the

833
00:44:09,400 --> 00:44:13,000
investors to move into the passion side of the hobby.

834
00:44:13,039 --> 00:44:14,440
That's not just about the dollar.

835
00:44:14,679 --> 00:44:15,599
Speaker 2: And how do we do that?

836
00:44:16,400 --> 00:44:18,320
Speaker 4: Well, not all of them. We're gonna do it. Some

837
00:44:18,360 --> 00:44:19,599
of them will, some of them won't.

838
00:44:19,880 --> 00:44:21,199
Speaker 2: That's an interesting point.

839
00:44:21,320 --> 00:44:24,039
Speaker 1: So the people who care the most about the grade

840
00:44:24,519 --> 00:44:27,559
is the investor, and the person who cares the least.

841
00:44:27,360 --> 00:44:29,239
Speaker 2: About the grade is the collector.

842
00:44:29,719 --> 00:44:34,039
Speaker 1: I mean, that's that's so true. I mean, it's so obvious,

843
00:44:34,199 --> 00:44:35,320
it's so true.

844
00:44:35,400 --> 00:44:38,880
Speaker 2: That I don't know. I'm at a loss. Mike helped

845
00:44:38,880 --> 00:44:41,079
me out. He's right, He's right.

846
00:44:41,480 --> 00:44:44,360
Speaker 5: Yeah, I'm just laughing at some of the comments. Sorry,

847
00:44:44,679 --> 00:44:46,480
I distract I'm behind comments.

848
00:44:46,840 --> 00:44:48,719
Speaker 3: Actually, can I Greg? Can I ask doctor Beckett a

849
00:44:48,760 --> 00:44:52,679
quick question? I love hobby history. I've been meaning to

850
00:44:52,679 --> 00:44:54,039
ask you this if I ever got a chance to

851
00:44:54,039 --> 00:44:56,719
talk to you again. What how did you decide this

852
00:44:56,760 --> 00:44:59,199
is my copy of the first Beckett? Ever? How did

853
00:44:59,239 --> 00:45:01,079
you decide what to cards to put on the cover?

854
00:45:01,199 --> 00:45:04,119
Do you remember that the sixty five Clemente and the

855
00:45:04,400 --> 00:45:06,880
Dale Murphy Rookie autographed Rookie It looks like too.

856
00:45:07,159 --> 00:45:11,119
Speaker 4: They were sitting on my desk in those days. It's

857
00:45:11,119 --> 00:45:14,199
pretty much me, myself and I and I wanted to

858
00:45:14,280 --> 00:45:19,079
show an older card, a vintage card, which Clemente was

859
00:45:19,119 --> 00:45:21,320
my favorite player, and so I didn't put his Rookie

860
00:45:21,320 --> 00:45:24,840
because it was it was you know, it's it's horizontal

861
00:45:24,920 --> 00:45:28,639
rather than vertical. And then Murphy was just homage to

862
00:45:29,239 --> 00:45:31,880
the fact that that I was going to be covering

863
00:45:32,440 --> 00:45:36,480
new cards, not you know, that wasn't a brand new card,

864
00:45:36,519 --> 00:45:39,239
but it was a newer. You know, that was not

865
00:45:39,559 --> 00:45:44,239
considered as as old, and I just wanted to show that.

866
00:45:44,360 --> 00:45:49,599
So so Clemente was very sentimental Murphy. I a lot

867
00:45:49,599 --> 00:45:52,920
of people like Murphy. He's not my favorite player. I

868
00:45:53,000 --> 00:45:54,960
actually think he has a Hall of Fame case. But

869
00:45:56,159 --> 00:45:58,760
and you know, and I collected back in the day.

870
00:45:58,840 --> 00:46:01,440
This is a disclosure, you're back in the day. And

871
00:46:01,480 --> 00:46:04,679
I never really priced them because there wasn't and there

872
00:46:04,760 --> 00:46:09,000
was not a conflict there. But I collected Hall of

873
00:46:09,039 --> 00:46:15,320
Fame or other good player autographed rookie cards and autograph cards.

874
00:46:15,320 --> 00:46:17,760
I collected a lot of autograph cards, so that's my card,

875
00:46:18,119 --> 00:46:21,639
and I have so many autographs. But that was they'll

876
00:46:21,760 --> 00:46:24,000
keep those at the bank, so this was they were

877
00:46:24,000 --> 00:46:26,840
on my desk. I took them down to the what

878
00:46:26,960 --> 00:46:29,960
a graphic design place and said, make me a cover.

879
00:46:30,320 --> 00:46:33,639
Speaker 2: Yeah, yeah, that's that's a fascinating story. I'm glad you

880
00:46:33,679 --> 00:46:34,119
asked that.

881
00:46:35,159 --> 00:46:39,800
Speaker 1: We're at fifty minutes in giving us about ten so

882
00:46:39,920 --> 00:46:43,840
it prevents my ability to pivot too far off of

883
00:46:43,880 --> 00:46:46,079
the topic that we're in. But let's kind of circle

884
00:46:46,119 --> 00:46:48,880
back for a second to the original topic, which was

885
00:46:49,840 --> 00:46:54,880
the bubble situation. You know, I think We started with

886
00:46:54,960 --> 00:46:58,519
Adam and and you know, we talked to doctor Beckett

887
00:46:58,519 --> 00:47:01,360
about it for a minute. As a hole is the

888
00:47:01,400 --> 00:47:05,480
card market, Mike in a bubble? Or are segments of

889
00:47:05,519 --> 00:47:06,719
the card market?

890
00:47:06,840 --> 00:47:09,760
Speaker 5: It's segments. And I hear a lot about Pokemon. I

891
00:47:09,760 --> 00:47:11,719
don't follow Pokemon, so I might be way wrong, but

892
00:47:11,719 --> 00:47:14,559
I feel like Pokemon, based on what I've heard, is

893
00:47:14,639 --> 00:47:18,719
fully in a bubble, whereas sports cards are segments are

894
00:47:18,760 --> 00:47:22,960
in a bubble. Specific sets, specific players are blowing up

895
00:47:23,039 --> 00:47:27,440
specific cards. But yeah, I don't think it's the entire

896
00:47:27,599 --> 00:47:28,960
industry as a whole.

897
00:47:29,239 --> 00:47:32,400
Speaker 1: Adam, do you had Originally we started with a quote

898
00:47:32,440 --> 00:47:36,239
from you, and you said that you're not buying any

899
00:47:36,679 --> 00:47:39,639
big cards, and I love that you kind of defined

900
00:47:39,639 --> 00:47:42,440
that a big card is different for everyone. You're not

901
00:47:42,559 --> 00:47:45,679
buying any big cards at least through the rest of

902
00:47:45,719 --> 00:47:50,719
the year. Do you think that it's just big cards

903
00:47:50,800 --> 00:47:53,840
that are worth staying away from? Do you think that

904
00:47:54,159 --> 00:47:57,239
there are a variety of cards that are in a

905
00:47:57,280 --> 00:47:59,440
bubble or do you think it's just the big stuff

906
00:47:59,480 --> 00:48:02,599
that's got really carried away? And I mean, should what

907
00:48:02,679 --> 00:48:03,239
do you think?

908
00:48:03,480 --> 00:48:05,760
Speaker 3: Well, honestly, I don't know if they're carried away, they

909
00:48:05,840 --> 00:48:10,559
might keep going up. I really don't know. Again, I'm

910
00:48:10,559 --> 00:48:12,960
going to be I have a video going on Victor's channel,

911
00:48:12,960 --> 00:48:15,400
the Rookie Card Specialist. I think next week that we

912
00:48:15,440 --> 00:48:19,519
already filmed where I just finished up. I completed my

913
00:48:19,599 --> 00:48:21,840
one of my lifelong quests. I guess I did it

914
00:48:21,840 --> 00:48:25,239
pretty early. I got every Tom Brady based rookie card now,

915
00:48:25,880 --> 00:48:28,400
so you can understand why I need a break, right,

916
00:48:28,480 --> 00:48:32,079
I've been going pretty heavy with that, and I made

917
00:48:32,079 --> 00:48:33,920
a big splash and said I'm just going to finish

918
00:48:33,960 --> 00:48:37,079
this up. And so that's that's really where most of

919
00:48:37,119 --> 00:48:40,159
the video I made came from, is that, you know

920
00:48:40,400 --> 00:48:43,599
I right now, I feel content where I'm at. But hey,

921
00:48:43,599 --> 00:48:46,199
if you're just coming in now, hey you got to

922
00:48:46,239 --> 00:48:48,480
you probably want to buy some cards, so I get it.

923
00:48:48,639 --> 00:48:51,079
But like Mike says, it's not every card. So there's

924
00:48:51,079 --> 00:48:54,599
certainly ways you can find cards that haven't doubled in

925
00:48:54,679 --> 00:48:57,639
price recently. And one of the great things now, for

926
00:48:57,960 --> 00:49:00,599
as we were talking about earlier, someone knew coming in

927
00:49:01,280 --> 00:49:04,559
like when I've been collecting cards for a while, but

928
00:49:04,639 --> 00:49:06,639
in twenty twenty one, I discovered that there was this

929
00:49:06,679 --> 00:49:09,199
whole world out there of social media and YouTube, and

930
00:49:09,239 --> 00:49:13,400
I found doctor Beckett's podcast, which I continually listen to still.

931
00:49:14,559 --> 00:49:18,400
But you know, I didn't know what price is generally

932
00:49:18,559 --> 00:49:20,800
what they were supposed to be. It was twenty twenty one,

933
00:49:20,800 --> 00:49:23,599
and I'm thinking, you know, is this a fair price

934
00:49:23,719 --> 00:49:27,000
or where was it six months ago? And then when

935
00:49:27,199 --> 00:49:29,800
you know, a couple maybe a couple months later, card

936
00:49:29,920 --> 00:49:33,159
Ladder really started to turn into something different where you

937
00:49:33,159 --> 00:49:36,199
could look at sales history stuff like that. So I

938
00:49:36,239 --> 00:49:38,719
think people coming in now, even if they're new, there's

939
00:49:38,760 --> 00:49:41,400
a tool like that where you could find out if

940
00:49:41,440 --> 00:49:45,400
a card is where it's priced historically speaking. So there's

941
00:49:45,440 --> 00:49:48,840
a ton of resources that even weren't available four years ago.

942
00:49:49,199 --> 00:49:50,719
You know that people have now.

943
00:49:51,039 --> 00:49:55,920
Speaker 1: Yeah, and I'm sure doctor Beckett, it's mind blowing to

944
00:49:56,039 --> 00:49:59,719
think where are we right now with being able to

945
00:49:59,719 --> 00:50:01,920
have real time. I mean, there was a card that

946
00:50:02,320 --> 00:50:04,800
I was tracking the other day and I was I

947
00:50:04,840 --> 00:50:07,239
had had an offer on it, I had a best

948
00:50:07,239 --> 00:50:10,119
offer on it, and I was sitting there waiting like going, okay,

949
00:50:10,119 --> 00:50:13,239
come on, come on, And then I went to comp

950
00:50:13,320 --> 00:50:17,280
it in card Ladder and the card showed up as

951
00:50:17,320 --> 00:50:20,800
a comp because it's sold to somebody else and I

952
00:50:20,840 --> 00:50:22,719
was like, that one just sold. I was like, that's

953
00:50:22,760 --> 00:50:24,320
the one I would just was. I had a best

954
00:50:24,360 --> 00:50:28,519
offer on I was waiting on. And it's such real time.

955
00:50:28,880 --> 00:50:33,079
That's got to be borderline mind blowing that were at

956
00:50:33,079 --> 00:50:37,039
this point where the second a card sale is executed,

957
00:50:37,440 --> 00:50:41,000
it's an available comp compared to back in the day

958
00:50:41,039 --> 00:50:43,840
where you had teams out all over the country talking

959
00:50:43,880 --> 00:50:47,079
to dealers. And it shows that's got to be wild,

960
00:50:47,320 --> 00:50:49,960
doesn't it. I mean, could you have ever imagined we'd

961
00:50:49,960 --> 00:50:50,679
be at this point.

962
00:50:51,119 --> 00:50:54,960
Speaker 4: It's inevitable in the sense that does anybody think Dak

963
00:50:55,039 --> 00:50:58,880
Prescott was or is the best quarterback in the NBA

964
00:50:59,039 --> 00:51:02,440
in the NFL And the answer is no, except maybe

965
00:51:02,480 --> 00:51:05,440
he does, and Jerry maybe thought it for a little

966
00:51:05,440 --> 00:51:09,079
while perhaps, But basically what happened is when his contract

967
00:51:09,199 --> 00:51:14,800
came up for renewal, he had the ability to extract

968
00:51:15,880 --> 00:51:19,480
whatever the highest pay of a quarterback was. He wanted that,

969
00:51:19,760 --> 00:51:22,519
but the guarantees and all that stuff. Okay, so there's

970
00:51:22,599 --> 00:51:26,159
the timing of it, and so then the next quarterback,

971
00:51:26,400 --> 00:51:29,480
just like with card ladder, all these others going to say, Okay,

972
00:51:29,519 --> 00:51:31,920
that's what Dak got. Now I want, so you want

973
00:51:31,920 --> 00:51:35,559
to get in line. And so I always wanted to

974
00:51:35,559 --> 00:51:39,159
buy what was not for sale. I don't want to

975
00:51:39,199 --> 00:51:43,239
buy what is for sale. But strategically, the goldens of

976
00:51:43,239 --> 00:51:49,199
the world, the heritages, the large auctions, have figured out

977
00:51:49,400 --> 00:51:55,119
that the sequence the release of these successive new high scores.

978
00:51:55,519 --> 00:52:00,159
It's the video game mentality. It just ties in with

979
00:52:00,440 --> 00:52:03,800
the new high score, and so you put something out.

980
00:52:03,800 --> 00:52:07,760
But what used to be is that before the last

981
00:52:07,840 --> 00:52:11,280
few years here people will held on to their best stuff,

982
00:52:11,280 --> 00:52:13,920
and now they're saying, Wow, I can be the new

983
00:52:14,000 --> 00:52:17,239
high score. Otherwise the dual logo man would never have

984
00:52:17,880 --> 00:52:20,239
never come out, But it came out at just the

985
00:52:20,360 --> 00:52:23,519
right time with just the right level of promotion. And

986
00:52:23,559 --> 00:52:26,639
now that's the new high score, and there'll be something

987
00:52:26,639 --> 00:52:31,079
else that'll be touted by the same or different auctions.

988
00:52:31,119 --> 00:52:35,920
So it's a mindset and it's infected all of our

989
00:52:35,920 --> 00:52:39,199
culture of whatever the standard is, I've got to do

990
00:52:39,280 --> 00:52:41,559
better than that, and I'm going to hold the line.

991
00:52:42,000 --> 00:52:46,639
And they're not just say no. Doesn't work because it

992
00:52:46,679 --> 00:52:50,000
only takes two people to say I really want it

993
00:52:50,079 --> 00:52:51,039
and I can afford it.

994
00:52:51,400 --> 00:52:53,199
Speaker 1: Last thing I'm going to ask and then I'll go

995
00:52:53,239 --> 00:52:56,159
around the horn and ask anybody if they have anything

996
00:52:56,199 --> 00:52:58,960
they want to shout out or anything. Doctor Beckett does

997
00:52:59,079 --> 00:53:03,039
the thing, Doctor Beckett, who created the nineteen eighty six

998
00:53:03,159 --> 00:53:06,960
Beckett I have sitting right here next to me. Is

999
00:53:07,320 --> 00:53:11,760
are you surprised that the all time most expensive card

1000
00:53:11,880 --> 00:53:17,079
sale is a quote unquote modern card? When you were

1001
00:53:17,119 --> 00:53:20,239
in the thicket things, and I remember this one right

1002
00:53:20,280 --> 00:53:22,519
here next to me. By the way, the eighty four

1003
00:53:22,920 --> 00:53:27,320
Fleer Dwight Goodin card is very very high.

1004
00:53:27,400 --> 00:53:28,679
Speaker 2: So there was card.

1005
00:53:28,760 --> 00:53:32,239
Speaker 1: There were cards that were spiking then. But is are

1006
00:53:32,280 --> 00:53:35,760
you surprised? Would you have believed it thirty years ago

1007
00:53:36,199 --> 00:53:39,159
that the all time high card was modern?

1008
00:53:39,320 --> 00:53:40,440
Speaker 2: Or is that surprising?

1009
00:53:40,639 --> 00:53:44,320
Speaker 4: Guys? The biggest surprise is not that the highest selling

1010
00:53:44,360 --> 00:53:48,039
card of all time is modern thirty years ago. It's

1011
00:53:48,079 --> 00:53:51,880
that it was that it's basketball, that it's not baseball.

1012
00:53:52,239 --> 00:53:55,960
The hobby thirty years ago was so baseball centric it

1013
00:53:56,000 --> 00:53:59,679
would be hard to imagine that any football, basketball, or

1014
00:53:59,719 --> 00:54:03,079
any thing would even come close, would even come close.

1015
00:54:03,320 --> 00:54:06,360
So but it's a beautiful card, and like I said,

1016
00:54:06,360 --> 00:54:08,719
it was in the right place at the right time.

1017
00:54:09,519 --> 00:54:13,400
There's some perhaps evidence that there was an attempt to

1018
00:54:13,559 --> 00:54:16,079
make it the new high score. I mean, that's the

1019
00:54:16,559 --> 00:54:20,039
that's the drama of the story for for mister Wonderful

1020
00:54:20,199 --> 00:54:25,000
that this is this is the new high score, and

1021
00:54:24,760 --> 00:54:27,440
and and and we're players in this industry now.

1022
00:54:27,480 --> 00:54:32,480
Speaker 2: It's a really good point. It definitely was. I remember

1023
00:54:32,960 --> 00:54:33,760
when we.

1024
00:54:33,599 --> 00:54:38,400
Speaker 1: Were buying basketball cards, before the first basketball Beckett was out,

1025
00:54:38,639 --> 00:54:42,880
and before the first tough stuff you know, was really

1026
00:54:42,880 --> 00:54:48,639
circulating that had you know, okay prices and it it

1027
00:54:48,760 --> 00:54:52,400
is very shocking that that that's the case. That hadn't

1028
00:54:52,440 --> 00:54:55,119
even crossed my mind. But that's Hey, it's in a

1029
00:54:55,159 --> 00:54:56,880
whole new world in the card industry.

1030
00:54:57,159 --> 00:54:58,119
Speaker 2: All right, Mike, do you have.

1031
00:54:58,119 --> 00:55:00,559
Speaker 1: Anything coming up that you want to share with anybody

1032
00:55:00,639 --> 00:55:02,920
out there before we sign off?

1033
00:55:03,639 --> 00:55:05,760
Speaker 5: I don't think so. I mean, well, I guess okay,

1034
00:55:05,800 --> 00:55:09,639
I've got my newsletter coming back. I restarted Hobby Hotline.

1035
00:55:09,639 --> 00:55:12,239
I'm on a hobby hotline right now at a fine

1036
00:55:12,280 --> 00:55:14,679
Friday yesterday, So I'm excited about that. I just want

1037
00:55:14,679 --> 00:55:17,719
to shout out the commenters who are amazing here during

1038
00:55:17,719 --> 00:55:20,280
Hobby Hotline. They always have been. Thank you for showing

1039
00:55:20,360 --> 00:55:23,599
up and for commenting well there on the screen.

1040
00:55:23,719 --> 00:55:25,920
Speaker 1: Yeah, how about you, Adam.

1041
00:55:26,360 --> 00:55:28,920
Speaker 3: I just want to say it's an honor being back

1042
00:55:28,960 --> 00:55:32,519
on Hobby Hotline, especially with you three. And I want

1043
00:55:32,519 --> 00:55:34,639
to shout out my daughter who just finished her first

1044
00:55:34,639 --> 00:55:37,440
week of kindergarten and we're going to get some ice

1045
00:55:37,480 --> 00:55:38,079
cream to sell it.

1046
00:55:38,159 --> 00:55:41,719
Speaker 1: Ass that's a big deal. That's actually is a really

1047
00:55:41,719 --> 00:55:43,920
big deal. Doctor Beckett, do you have anything coming up

1048
00:55:43,960 --> 00:55:46,079
with Keening or something that Those are my favorites when

1049
00:55:46,119 --> 00:55:49,159
you and Keating get going, those are always my favorites

1050
00:55:49,199 --> 00:55:50,159
for my drive to work.

1051
00:55:50,480 --> 00:55:54,800
Speaker 4: I got to regulate that a little bit. We had

1052
00:55:54,800 --> 00:55:58,440
a good flurry there, and we'll do it again, I promise,

1053
00:55:58,559 --> 00:56:01,920
But I just got to echo what Mike was. This

1054
00:56:02,000 --> 00:56:04,760
is probably the best chat group and it may be

1055
00:56:04,800 --> 00:56:07,960
an indication of the future here with four collectors. It's

1056
00:56:07,960 --> 00:56:11,639
the most impressive chat group we've had ever in the

1057
00:56:11,760 --> 00:56:14,400
history of hobby Hotline. And I'm only on once a month,

1058
00:56:14,440 --> 00:56:19,199
but this was impressive, and I hope it's always like this,

1059
00:56:19,320 --> 00:56:21,559
because this is a lot of fun being with you

1060
00:56:21,599 --> 00:56:25,199
guys and chuckling with the commenters.

1061
00:56:25,800 --> 00:56:26,519
Speaker 2: Yeah.

1062
00:56:26,639 --> 00:56:29,480
Speaker 1: I am genuinely honored to be on with the three

1063
00:56:29,519 --> 00:56:31,920
of you guys. I have so much respect for the

1064
00:56:32,000 --> 00:56:34,360
three of you. You guys all three or three of

1065
00:56:34,360 --> 00:56:37,880
my favorite channels, three of my favorite opinions. So I

1066
00:56:37,920 --> 00:56:41,840
am absolutely thrilled to be a participant in this. I'm

1067
00:56:41,840 --> 00:56:44,880
going to be on Sports Cards Live tonight with Jeremy Lee,

1068
00:56:45,000 --> 00:56:47,840
so if you're out there listening, head over tonight. I

1069
00:56:47,880 --> 00:56:51,639
saw Joe Perrot in the chat earlier. I appreciate four

1070
00:56:51,679 --> 00:56:54,320
Collectors for giving me the honor of being able to

1071
00:56:54,360 --> 00:56:59,519
host this. Absolutely blast. Love to hear your guys' insights

1072
00:56:59,599 --> 00:57:02,320
the chat. I think the highest number I saw was

1073
00:57:02,320 --> 00:57:04,599
about one hundred and ten, one hundred and eleven something

1074
00:57:04,679 --> 00:57:08,679
like that. So that is a massive, massive group for

1075
00:57:09,119 --> 00:57:12,599
eight am eleven am, depending on where you are somewhere

1076
00:57:12,599 --> 00:57:16,639
in between. So thank you to everybody who participated and

1077
00:57:16,800 --> 00:57:20,280
came out this morning. And remember next Saturday morning it

1078
00:57:20,360 --> 00:57:29,239
will be back. So hope to see everybody. Thank you

1079
00:57:29,280 --> 00:57:32,159
for listening to this episode of Hobby Hotline.

1080
00:57:32,159 --> 00:57:34,840
Speaker 3: I just want to remind everyone we are a live

1081
00:57:35,039 --> 00:57:40,920
show every Saturday morning, eleven am Eastern eight am.

1082
00:57:40,000 --> 00:57:45,760
Speaker 2: Pacific on the four Collectors channel on YouTube. That's the number.

1083
00:57:45,440 --> 00:57:48,760
Speaker 1: Four the word Collector's channel on YouTube.

1084
00:57:49,559 --> 00:57:51,719
Speaker 4: We hope to see many of you live on a

1085
00:57:51,760 --> 00:57:52,760
future Saturday.

1086
00:57:53,079 --> 00:57:56,840
Speaker 1: We have a great interactive chat room and we always

1087
00:57:56,840 --> 00:57:58,840
provide a link for anyone that wants to come on

1088
00:57:58,920 --> 00:58:01,320
the show and chop it up with us.

1089
00:58:01,400 --> 00:58:02,480
Speaker 2: So that's a reminder.

1090
00:58:02,599 --> 00:58:08,000
Speaker 3: Every Saturday eleven am Eastern eight am Pacific, only four

1091
00:58:08,079 --> 00:58:09,920
Collectors channel on YouTube.

1092
00:58:10,039 --> 00:58:12,239
Speaker 2: Hope to see you on the show.