Book Value vs Actual Smart People: Take 1,000,000

Recently, there was an SPA auto RC card that was posted on eBay and sold for a ton. It is special because the card had not been posted before, and may have been a ridiculous short print due to a number of reasons. Not surprisingly, the card went for multiple times what Beckett said it was worth, and the argument was born:

How could Beckett price a card that had never been sold before?
Many people posted that Beckett does it all the time, and that they really have no idea what they are talking about when it comes to anything resembling true value. After a few people actually came out and legitimately questioned that book value could actually be a number drawn out of a hat, I jumped in and questioned the people who still went by book value. You know, just because I wanted to have some fun. Little did I know that I would get the most ignorant answer since my go around with Mr. Mojo Hand (yes, he has a blog now, and it is glorious) over at the Nennth Inning.
“[On rebuffing my challenge that book value sucks] Do you have something better ? Please do not say Tuff Stuff! 

Until there is a more proven source and/or method Beckett will remain a force in pricing and the hobby.


However I will agree Beckett is somewhat in the dark on real value as compared to Book Value. I use Beckett pricing for trading and a starting point in regards to selling.”


(THE BOLD IS MINE, OF COURSE)

Dont let any of that sink in at all – blood may shoot out your ears. After this, I think I may be done with the users at Freedom Card Board. All those people prove on a regular basis, is that there is a reason Beckett continues to have  a reader base:
Collectors are intrinsically stupid.

Funny BGS Auction

One of the readers, Chris, sent in this funny auction that I think exemplifies my love for BGS. Thanks for the Email!

In this auction, the seller, an expert in pricing, is selling his Alexander Ovechkin 05-06 Beehive Beige Parallel BGS 9.5. The thing you may notice is that BGS has graded the auto as a 10. Chris informed me that if there ever were a 10 grade, this is it, as the card is a facimilie auto. Yes, ladies and gents, Beckett cannot tell the difference between a real, or purposefully reprinted auto. Wonderful. Hmm, maybe we should all go search the eBay listings for one that is actually auto’ed? Nope, dont see any. They usually dont sell for more than $70 bucks, glad this seller is taking advantage of this ridiculous mistake.
Also glad to see the “experts” over at BGS were on their game for this one!

Beckett: #1 Authority On Getting Laid

So, I get an email from Hitter yesterday informing me that the wonderful people at Beckett have added “relationship councelors” to their list of epic fails. For some reason, they feel arrogant enough to assume the role of relationship psychologist for the cardboard community, as if they hadnt already done enough damage to the hobby we love. 

See, its about target audience, and holy fucking fuck has Beckett screwed the pooch on this. I mean, Gamepro doesnt go and write about Chanel perfume on their shit, do they? They know its fucking stupid and people will laugh their ass off as much as I did when I saw this shit.
I am going to assume that they were sitting around a conference table, wondering where to go next. Here is how it went:
Beckett Lackey #1: Well, our Beckett Obama price guide is hitting shelves in a few weeks, so be sure to add that we are the number one authority on Presidential Collectibles to the website.
Beckett Lackey #2: Are we the number one authority? 
Beckett Lackey #1: Well, we are the only ones ever to put out a magazine about this stupid shit, so that automatically makes us number 1. How dare you question me!
Beckett Lackey #2: So, because we publish a magazine on it, we are supposed to be the best? 
Beckett Lackey #1: YES! YOURE FIRED, NOW LEAVE.
Beckett Lackey #3: Since we are already the number 1 authority on collectibles, presedential stuff, video games, yugi-oh! cards, pokemon, and now blogging with Chris Olds, where do we go next? We are still losing readers by the minute…
Beckett Lackey #1: Well, hmm, im not sure. Ha, I have an idea! ***giggles*** Since all the collectors are nerds and have no lives, lets give them relationship advice! ***giggles***
Hackler: You just became the number one authority on ideas, my friend. Congratulations! RUN IT.
Chris Olds: (shouting from down the hall) Did someone say they want a relationship? I want one!
All: SHUT UP!
Hackler: Holy shit, what a creepy piece of shit he is. The number one authority on being sexually inexperienced.
Beckett Lackey #1: I know a gal we can drug to bring in here to do this for us. She is like, so hot. I think she would be great.
Chris Olds: (shouting) Did someone say that there are girls coming? ***runs in naked*** ME FIRST!
Beckett Lackey #1: ***barfs***
Beckett Lackey #2: ***barfs***
Hackler: ***Licks his lips***
Beckett Lackey #1: Dude, run that shit, its going to blow the other blogs out of the water, we are fucking geniuses!
Beckett Lackey #2: its going to blow alright.
Hackler: I thought you were fired.
Beckett Lackey #2: Im the #1 authority on being a douche. 
Hackler: Sorry man, already mine.
ANNNND Scene. 

A Comment On Grading and Idiots

I just want to write a comment on grading, again. See, Im not sure people really get the concept of when to grade cards, especially cards that would have no reason to be compared in terms of condition. Besides the fact that grading is completely subjective and arbitrary, sometimes problematic ethically, and generally a crook’s business, there are still a few reasons why you should and shouldn’t grade a card.

When you look back at grading, it was created FOR eBay. Despite what the official tag line is, grading was created for people who were buying in a marketplace where direct examination of the item they were buying was usually impossible. What that similarly created was a marketplace of cards that competed for the highest grade, and on top of all that, sold for hundreds if not thousands more than a raw version of the card would go. Add in the fact that Beckett single handedly created a new genre of condition with “gem mint” and number grades, instead of going with the condition guides of mint, near mint, blah blah blah, and you can see where the conflict of interest starts.

Rather than going into that long discussion of Beckett and their ethics, or lack there of, I want to discuss which cards should be graded in this day and age. There is quite a short list of cards that are worth your time, actually, and here it is:

1. generally mass produced rookie cards with or without autos (note the mass produced lingo)
2. vintage cards
3. bowman chrome cards or other prospecting ventures
4. certain numbered cards that would normally not be in good condition

That is it. There are certainly exceptions to the rule, but there are also cards that should never, ever, EEEEEVVVVER, be graded.

1. 1/1 cards
2. cards with extremely low print runs (excluding prospectors)
3. logo patch cards
4. printing plates
5. cards that would gain nothing from a high grade (junk)
6. cards that could never be replicated
7. condition sensitive cards that will SURELY get a horrible grade (IE sweet spot cards or absolute cards)

You may ask why this list is what it is, and well here is the basic explanation. If a card has a print run of 1, 10 or even 25, there is no reason to expect that grading would do anything for the card. Even if the card would get a good grade, the subjectivity of the process should discourage anyone. Usually if your card has a low print run, its worth a considerable amount of money. Also, cards with low print runs are not usually made with condition in mind for the sole reason that a gem mint grade would not do anything for them. This means that when you grade your card, you can only hurt it, not help it.

Ill give you an example:

You have a Tiger Woods patch auto from exquisite of this year. You inspect it, you look it over, and you decide to give it a shot with BGS. As far as we know, there are only 5 tigers, and this is one of those number two’s from the list above. Most likely, the Tiger would get a 9 or below, and you would be stuck with a card in a ridiculous holder, a bad grade, and no ability to take the risk in cracking it for fear of damaging the card. You have damaged the value of your card for sale, and there is no way around that. Granted, Beckett would probably be selling the card for you anyways, because if you were stupid enough to grade it, you are definitely stupid enough to give it to Beckett to sell.

On the flip side, lets say you get a 9.5 out of it. Was it really worth the risk of shipping it to the facility, having the card in someone else’s hands, sending the card back to you, and getting a bad grade, all for a few extra bucks? Probably not. Would it getting a good grade be that much of boost in price? Someone who wants this card, probably wouldn’t care about the grade, but may care about that awful holder. Since there are only 5 other tigers, is condition even that much of a factor? No, especially when Exqusites are more about the auto and the jersey than the condition of the card. In fact, the card stock is so thick, there are that many more places for dings to happen without being seen by the naked eye.

Here are a few eBay examples:

This card is a Tiger Woods buyback auto jersey /8. This card is worth a fuckload of money, and I am only using it to show what I mean from the above example. The person, unbeknownst to me, decided this card was worth grading. Im not sure why. That card is not worth the risk, for the sole reason that it came back the way it did. I know I would much rather have this card in a nice magnetic holder than in the holder it is in right now, most people would probably agree. Add in the fact that it came back a 9, and there is that much more reason to dislike this version of the card. If it had come back 9.5 would it have made that much of a difference? Probably not. Why take the risk, idiot?

The second card is a similar card in that it is a 1/1 that came back a 9. Why in the world would you expect a leaf limited card to come back with a good grade, let alone a grade that would help your sale? Total crap.

I encourage you to go on eBay and take a look around. Search for BGS 1/1 and see all the different idiots who graded their printing plates or other cards that are now ruined. You wont get any of the idiots who graded their sweet spot autos, or graded extremely rare cards, but you will get the point.

Could Panini Ruin Everything?

Over the last 6-9 months, the blogs have made incredible progress with manufacturers to show that they are worthy of consideration in disseminating news. They have gotten sneak peaks, done box reviews, and even major interviews with the industry’s big wigs. Could Panini’s entrance into things be destructive to this progress?

Since the news first broke here on SCU and on the Sports Card File, all official statements from Panini have gone through the fuck faces over at Beckett. This includes  interviews, statements that disavowed everything said here and on SCF, and all exclusive info. What this fact says to me, is that Beckett has realized what our involvement means, and have jumped on these new people like kids jumping on candy from the pinata. It seems like beckett doesnt want any blog involvement because their arrogant nature forces them to work against that. They know that every exclusive that is broken by Mario, Chris, Dave or Steven could be extremely important in the war of words. Whoever has the exclusive can spin it for everyone. They want it all for themselves. They want to establish a relationship with Panini before everyone else so that the relationship wont echo what they have right now with UD. 
Sadly, with Panini being introduced into the US market, there  couldnt be a better foundation for Beckett to estabish a great realtionship on. They dont know as much about the past, from what I can see, and DLP really didnt want very much to do with the blogs either. Even when UD stopped sending boxes to Beckett, DLP continued with reckless abandon. Every set, Beckett got boxes early. It was the only company that still wanted to work with them after all the shit that was pulled the year before. Now, with Panini, im guessing they see beckett as the only legit news source in cards. That will be a problem for those of us who still want the companies to see them as the child that your mother forces you to play with out of pity. UD gets it, from the people I have spoken to. Topps, im sure is catching the drift. Panini seems like they are ready to give beckett the keys to the castle. 
Hopefully Panini will eventually sort through the bullshit and see the true douchebag demon behind Beckett’s curtain.