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#1
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I saw this on Facebook.
https://www.sportscollectorsdaily.co...RNzW29ps2fHznE Looks like SGC is folding their auto business. You have to wonder if it is correlated to the happenings in this thread. |
#2
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Woah; then the fact that their head auto authenticator is immediately moving to Beckett isn't a great look for Beckett either.
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-- PWCC: The Fish Stinks From the Head PSA: Regularly Get Cheated BGS: Can't detect trimming on modern SGC: Closed auto authentication business JSA: Approved same T206 Autos before SGC Oh, what a difference a year makes. |
#3
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Even though anonymous trolls and criminals don't like Beckett, on BO, they are a good company. This is a good move for both SGC and Beckett in my opinion.
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Leon Luckey |
#4
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Quote:
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#5
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Any move that allows them to focus on the authenticity and integrity of cards seems like a positive one at this point.
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#6
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That's for sure [cough, sputter, stage whisper] DiMaggio card.
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Read my blog; it will make all your dreams come true. https://adamstevenwarshaw.substack.com/ Or not... Last edited by Exhibitman; 03-29-2019 at 01:06 PM. |
#8
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+1 unlikely that larry’s departure is related to this story
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#9
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What impact does this have on the value of SGC authenticated items for the future? Will they be seen as inferior to PSA, JSA, or BAS certified items?
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#10
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And do they retain any "guaranty" for previously authenticated autos?
__________________
-- PWCC: The Fish Stinks From the Head PSA: Regularly Get Cheated BGS: Can't detect trimming on modern SGC: Closed auto authentication business JSA: Approved same T206 Autos before SGC Oh, what a difference a year makes. |
#11
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I don't think this is a good sign for longevity. Promised changes are not happening fast, and now closing a division of the business and probably laying off staff.
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#12
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they NEVER should have
started auto authenticating before they got their holder/registry/grading issues on CARDS resolved...…….
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#13
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Frankly, I think everyone has the same concerns about autograph authenticity whether it be SGC, PSA, JSA, etc.
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http://www.flickr.com/photos/calvindog/sets |
#14
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Authenticity Issues
Hi Jeff, JoeT here and I hope all is well. Just remember, that for every fake autograph, there’s at least one if not more “doctored” cards in a high grade holder. Anyone disagreeing with that is badly fooling themselves.
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#15
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No doubt. I think the obvious differences are that not only does a trimmed card still have value compared to a fake autograph but the trim job - if unknown - is not presumed fake whereas many autos are.
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http://www.flickr.com/photos/calvindog/sets |
#16
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Quote:
I don’t believe they will be in business 10 years from now. You are sort of doomed when buyers and dealers won’t touch a card that they have graded. The prices reflect that and people do not want to flip them to take losses. |
#17
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I don’t have many unsigned SGC graded cards any more, but the prices on SGC graded T206 cards in last week’s REA did very well, IMHO, surpassing PSA in some cases (e.g., T206 Johnson Portrait PSA 5 vs SGC 5).
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Galleries and Articles about T206 Player Autographs www.SignedT206.com www.instagram.com/signedT206/ @SignedT206 |
#18
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Quote:
http://www.milehighcardco.com/1952_T...-LOT62449.aspx Last edited by Snapolit1; 03-28-2019 at 06:16 PM. |
#19
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You also cited a high grade blue chip card to make your singular point. Well played. |
#20
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Please raise your hand if you're a dealer who "does not buy SGC cards"
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Please visit my website at http://t206.monkberry.com/index.html |
#21
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Quote:
Just like there are dealers who wont touch grade A, OC, MK, half grades or cards with paper loss. There is high price cobb for sale and it has been treated like the black plague for a year, dealers and collectors alike, but those I have talked to say 3 years. As far as attempting to debunk my comments, I do encourage you at the next shows you go to observe what dealers only have PSA cards in their cases and ask them. That is where you will find the answer to your question. |
#22
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I didn't pose a question. I've been setting up at shows, including the National for 25 years. I've never heard any dealer decline to purchase a card just because it's in an SGC holder. Undoubtedly many prefer PSA and may even sell only PSA cards, but no rational vendor would walk away from a purchase on which he could make a profit, regardless of the holder.
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Please visit my website at http://t206.monkberry.com/index.html |
#23
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Gone... until registration is verified. Generic voice mail not left and PM sent with no response.
Two in one thread, it might be a record. We will see. I hope I come back and say this person verified registration. I am not going to hold my breath though. Quote:
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Leon Luckey Last edited by Leon; 03-29-2019 at 02:09 PM. |
#24
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Agree
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I sell vintage cards in SGC and PSA holders at every Philly show and at each Chantilly show. I've never had a dealer say they don't buy SGC cards, not once. Buy the card, not the holder. Last edited by OldOriole; 03-29-2019 at 10:11 AM. |
#25
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Plus why would they refuse? They may try to pay less, but like I said above, take a look at the SGC and PSA 6 Matty portraits and the SGC and PSA 5 Johnson portraits in REA last weekend. SGC did better.
https://bid.robertedwardauctions.com...searchin=title https://bid.robertedwardauctions.com...searchin=title
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Galleries and Articles about T206 Player Autographs www.SignedT206.com www.instagram.com/signedT206/ @SignedT206 |
#26
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Quote:
SGC doesn't grade that many cards and they probably weren't grading very many auto's so it is an easy business decision to shut down a line of business that you play a very limited role in the market in and one that you might be taking significant financial risk by doing. It might not have been profitable for them anyways. I have only dealt with SGC once and felt like the process was smooth and was really happy with how the cards looked in their holders. The problem is the collecting pool is getting smaller and smaller for their cards and there may certainly be segments where the collector base is very solid and perhaps like them more than other third party graders but the general trend is slipping. It is my understanding at one point recently that they might grade 10,000 cards in a good month. This isn't a very large business and the revenue is probably less than 1.5 million if not lower. I think a lot of people forget how small the third party authentication business really is. PSA has a market share that amounts to total domination of a market and they really don't make that much money. Collectors Universe through June of 18 only made 6.2 million in profit for the fiscal year and around 35% of the company is represented by PSA so we are not talking huge numbers. I think it is a very real possibility at some point SGC goes away. It might not and I think having choices is better for a market but it certainly isn't out of the realm of possibilities. What I think is more likely is they keep maintaining a very small amount of market share and someone out there is making 400k or so a year to operate it and is totally fine with it. It will certainly be interesting. If they go out of business it is bad for the slabs in general but there are once again probably some areas where the collectors are totally comfortable with what they bought and it won't be an issue at all. I don't collect the older cards so I don't have a real opinion that counts but on newer cards it certainly wouldn't be good for them in most cases. |
#27
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Quote:
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#28
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The PSA division of Collectors Universe did $21,065,000 in revenue for 2018 and SGC is a fraction of their size. I think $1,500,000 might be generous and if not it isn't too far off.
Last edited by Dpeck100; 03-28-2019 at 08:03 PM. Reason: Added Collectors Universe to make clear PSA and PSA/DNA combined |
#29
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That number seems a lot more in line with what I would expect. 10 years max based on the 20 to 1 revenue. If PSA were smart they would buy them out and shut the brand down while they have opportunity.
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#30
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Beginning of the end...
Hopefully the beginning of the end for this poorly run franchise.
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Frank Evanov |
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