View Single Post
  #244  
Old 06-13-2019, 08:33 PM
Peter_Spaeth's Avatar
Peter_Spaeth Peter_Spaeth is offline
Peter Spaeth
Member
 
Join Date: Apr 2009
Posts: 33,685
Default

Quote:
Originally Posted by Kenny Cole View Post
One word: Registry. I cannot lie -- that was a brilliant idea. PSA creates a market for cards that it apparently cannot even grade accurately, at least based on the examples shown here, and then justifiably relies on the egos of people who: A) have much more money than sense; and B) buy the flip, not the card. Ingenious. I wish I had thought of that because it is literally the perfect scam. People feel good about falling for it and actually get recognized by PSA for doing so. How much better could it possibly get? When I see an otherwise $10 card going for 4 or 5 figures because there is a dick-measuring contest going on, it always makes me laugh. Again, whatever. If you have stupid money, I guess you are entitled to be stupid.
It was transformative in terms of elevating worthless commons into high priced commodities as guys built their 50s sets. If I recall correctly the first PSA 8 Wehmeier from 52 Topps went for 25K or more. But more generally PSA well understood the mindset of many of its wealthy collectors.
__________________
Net 54-- the discussion board where people resent discussions.

My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at
https://www.jamesspaethartwork.com/

Last edited by Peter_Spaeth; 06-13-2019 at 08:37 PM.
Reply With Quote