PWCC contract with SGC cancelled???

[whiteymet]

OK, let me preface this by saying I am NOT a graded collector nor know the ins and outs of grading and big time seller industry.

But a friend of mine who sends ungraded cards to PWCC just told me he talked to them today and PWCC told him PSA just bought SGC, and cancelled the contract PWCC has to get cards graded by SGC.

This does not sound legit to me. Does anyone have any info?

I don't want to start a bad rumor, but my friend is an attorney and this is the story I got directly from him.

My friend is put off because PWCC only sells graded cards he tells me, and he can't get his cards graded by PWCC through SGC and with the long wait for PSA they may be going to Beckett.

Does any of this make sense or is my friend getting a story from PWCC?

[Peter_Spaeth]

Originally Posted by whiteymet

OK, let me preface this by saying I am NOT a graded collector nor know the ins and outs of grading and big time seller industry.

But a friend of mine who sends ungraded cards to PWCC just told me he talked to them today and PWCC told him PSA just bought SGC, and cancelled the contract PWCC has to get cards graded by SGC.

This does not sound legit to me. Does anyone have any info?

I don't want to start a bad rumor, but my friend is an attorney and this is the story I got directly from him.

My friend is put off because PWCC only sells graded cards he tells me, and he can't get his cards graded by PWCC through SGC and with the long wait for PSA they may be going to Beckett.

Does any of this make sense or is my friend getting a story from PWCC?

I have posted elsewhere I heard this was in the works although I was accused of fake news by the SGC faithful. It certainly would not surprise me, at all.

[Aquarian Sports Cards]

I started hearing rumblings about this a little over a week ago.

[whiteymet]

So, if true, I guess the big story here is PSA or their new parent company is buying SGC!

What does this mean for graded collectors? Especially those who specialized in SGC. Not to mention there were sets SGC would grade that PSA would not.

What happens to values of SGC graded cards?

[Peter_Spaeth]

Originally Posted by whiteymet

So, if true, I guess the big story here is PSA or their new parent company is buying SGC!

What does this mean for graded collectors? Especially those who specialized in SGC. Not to mention there were sets SGC would grade that PSA would not.

What happens to values of SGC graded cards?

If this all comes to pass part of the answer may depend on PSA's stance towards crossing, I would think.

[Johnny630]

Originally Posted by Peter_Spaeth

I have posted elsewhere I heard this was in the works although I was accused of fake news by the SGC faithful. It certainly would not surprise me, at all.

Are You Kidding me ?? Oy Vey

[Casey2296]

Conspiracy against the Black Apron.
This will not bode well for anybody except the puppeteers at the top.

[Peter_Spaeth]

Originally Posted by Johnny630

Are You Kidding me ?? Oy Vey

I have no direct knowledge, but no I am not kidding at all, I have heard this from several sources. And it's certainly consistent with PSA ownership obviously having a strong mergers and acquisitions background, and having actively made acquisitions already, not to mention having a lot of money in general. And if you're Dave, and someone is offering you enough millions, why not take it?

[butchie_t]

No monopolistic move with that purchase at all…..

[Johnny630]

Originally Posted by Peter_Spaeth

I have no direct knowledge, but no I am not kidding at all, I have heard this from several sources.

Unbelievable well..... 2021 in this Hobby Maybe Not. Wow

[Peter_Spaeth]

Originally Posted by Casey2296

Conspiracy against the Black Apron.
This will not bode well for anybody except the puppeteers at the top.

That's often how these industry consolidations go.

[Peter_Spaeth]

Originally Posted by butchie_t

No monopolistic move with that purchase at all…..

They are already raising prices hugely with impunity. SGC is not a constraint on their pricing IMO.

[Johnny630]

Newport Beach Division and Boca Raton Division.

[Peter_Spaeth]

Originally Posted by Johnny630

Newport Beach Division and Boca Raton Division.

PSA is grading 25K cards a DAY. I doubt SGC is even a small fraction of that.

[Oscar_Stanage]

I like SGC, but I don’t see the threat to PSA, nor do I see any synergies in acquiring them. Completely different philosophy. I’ll believe it when I see it

[Johnny630]

I guess everyone has their price……

https://m.youtube.com/watch?v=lgj3_W...Y24OYCMrncxrrc

[Oscar_Stanage]

Originally Posted by Johnny630

I guess everyone has their price……

https://m.youtube.com/watch?v=lgj3_W...Y24OYCMrncxrrc

this is certainly true.
one thing that SGC might bring to the table is capacity. they are the only grader who solved the bottleneck problem and invested in their own capacity. PSA might be a little worried about losing some business for making people wait a year for cards. If they acquire SGC they can probably cut their backlog in half. SGC has definitely mastered the grading process.

[Peter_Spaeth]

Originally Posted by Wid_Conroy

this is certainly true.
one thing that SGC might bring to the table is capacity. they are the only grader who solved the bottleneck problem and invested in their own capacity. PSA might be a little worried about losing some business for making people wait a year for cards. If they acquire SGC they can probably cut their backlog in half. SGC has definitely mastered the grading process.

I admittedly haven't done a sophisticated analysis, but neither is this AT&T thinking about buying Sprint, or even PSA as public company needing shareholder approval, it's one very wealthy guy and his partners. If they can take out probably their best competitor for relatively little money by their standards, and acquire badly needed graders in the process, why not do it?

[BeanTown]

Maybe there will be one registry for all graded cards if enough mergers/buyouts happen. This is one of the main reasons as a collector, I would never grade a card until it’s time to sell.

[Johnny630]

To me PSA is Arrogant enough to not honor SGC grades. Don’t put it past them.

God I hope this doesn’t happens, Dave Keep The Company Please.

[Casey2296]

FWIW, I spoke to Brent and he said "We haven't sold to PSA. We are still our own entity".

[Peter_Spaeth]

Originally Posted by Casey2296

FWIW, I spoke to Brent and he said "We haven't sold to PSA. We are still our own entity".

Nobody suggested PSA had bought PWCC, did they?

[chadeast]

Originally Posted by Peter_Spaeth

Nobody suggested PSA had bought PWCC, did they?

I'm assuming that he was referring to Brent Martin.

[Leon]

Originally Posted by chadeast

I'm assuming that he was referring to Brent Martin.

I took it a different way but was wrong
.

[Peter_Spaeth]

Originally Posted by chadeast

I'm assuming that he was referring to Brent Martin.

I see, not a name I knew. Phil did you ask him the follow up question, are there discussions?

[Peter_Spaeth]

Originally Posted by Johnny630

To me PSA is Arrogant enough to not honor SGC grades. Don’t put it past them.

God I hope this doesn’t happens, Dave Keep The Company Please.

But they make up for it by honoring their own when confronted with proof of alteration.

[Casey2296]

Originally Posted by Peter_Spaeth

I see, not a name I knew. Phil did you ask him the follow up question, are there discussions?

Yes, I was speaking of Brent Martin, I find it easier to just ask sometimes. I'm not really comfortable asking him follow up questions since it's not my business.

[Peter_Spaeth]

Originally Posted by Casey2296

Yes, I was speaking of Brent Martin, I find it easier to just ask sometimes. I'm not really comfortable asking him follow up questions since it's not my business.

I hear you, and people not under oath often aren't truthful anyhow in my experience. Come to think of it, even under oath...

[Casey2296]

Originally Posted by Peter_Spaeth

I hear you, and people not under oath often aren't truthful anyhow in my experience. Come to think of it, even under oath...

Of course it should be taken with a grain of salt.

[Jcosta19]

Should they merge in some way or sell outright perhaps they will make SGC the vintage card grader for Collectors universe.

Sent from my SM-G960U using Tapatalk

[carlsonjok]

Originally Posted by Casey2296

FWIW, I spoke to Brent and he said "We haven't sold to PSA. We are still our own entity".

Presumably, the transaction is larger enough that it will need to go through the HSR anti-trust review process at the Federal Trade Commission. Prior to HSR, both companies must continue to act independent and there are significant proscriptions against sharing certain types of information, as well as against the acquiring company directing the activities of the acquired company.

So, the statement above can be factually true, even if the deal has been agreed to by the parties.

[Peter_Spaeth]

Originally Posted by carlsonjok

Presumably, the transaction is larger enough that it will need to go through the HSR anti-trust review process at the Federal Trade Commission. Prior to HSR, both companies must continue to act independent and there are significant proscriptions against sharing certain types of information, as well as against the acquiring company directing the activities of the acquired company.

So, the statement above can be factually true, even if the deal has been agreed to by the parties.

Brent used the word "still" maybe that was significant in context. I can't remember the HSR thresholds now, I'll have to look that up. They're fairly large though. I thought the transaction size had to be somewhere around $90 million.

[Casey2296]

Originally Posted by carlsonjok

Presumably, the transaction is larger enough that it will need to go through the HSR anti-trust review process at the Federal Trade Commission. Prior to HSR, both companies must continue to act independent and there are significant proscriptions against sharing certain types of information, as well as against the acquiring company directing the activities of the acquired company.

So, the statement above can be factually true, even if the deal has been agreed to by the parties.

No doubt. I wanted to get some feedback from an SGC rep in case they want to make a larger statement here or on their website.

[maniac_73]

I posed the question to Nats Turner on Twitter and he asked where I heard it so I directed him to this thread. Would be interested to see what he says.

[Aquarian Sports Cards]

Interesting response by NT...

[natsturner]

No it's not true. Big fan of Dave though

[Yoda]

If true, I wonder if the Anti-Trust Dept. of the Justice Dept., now under new management, might like to review the deal.

[Peter_Spaeth]

Good news for collectors that there is no deal. I am pleased to be wrong. It's interesting because this one went way beyond the usual hobby rumor mill or I would not have even mentioned it; I heard this from multiple well-placed and very credible sources.

[Johnny630]

Originally Posted by Peter_Spaeth

Good news for collectors that there is no deal. I am pleased to be wrong. It's interesting because this one went way beyond the usual hobby rumor mill or I would not have even mentioned it; I heard this from multiple well-placed and very credible sources.

I agree very good news for collectors. Im glad PSA didn’t Buy SGC 👍🏻

[samosa4u]

All the SGC guys on this forum are like ...

[frankbmd]

Damn, I was going to start selling SGC tuxedos, for PSA prices.

[Aquarian Sports Cards]

Originally Posted by Peter_Spaeth

Good news for collectors that there is no deal. I am pleased to be wrong. It's interesting because this one went way beyond the usual hobby rumor mill or I would not have even mentioned it; I heard this from multiple well-placed and very credible sources.

Weird that we were hearing the same thing independently, at the same time.

[vthobby]

Originally Posted by Peter_Spaeth

Good news for collectors that there is no deal. I am pleased to be wrong. It's interesting because this one went way beyond the usual hobby rumor mill or I would not have even mentioned it; I heard this from multiple well-placed and very credible sources.

[Peter_Spaeth]

My best guess is that this talk did not come out of thin air, but that what happened is there were discussions but they did not result in a deal.

Mike, for the moment you're good.

[vthobby]

Originally Posted by Peter_Spaeth

My best guess is that this talk did not come out of thin air, but that what happened is there were discussions but they did not result in a deal.

Mike, for the moment you're good.

I appreciate the sentiment but as Frankbmd can tell you.......

I'm always good!

I appreciated the harmless banter, it was just a tad easier than getting shot at in Afghanistan 2010-11.....

Peace, Mike

[BRoberts]

Originally Posted by Aquarian Sports Cards

Weird that we were hearing the same thing independently, at the same time.

Yes. So "weird." Lol.

[Johnny630]

Originally Posted by Peter_Spaeth

My best guess is that this talk did not come out of thin air, but that what happened is there were discussions but they did not result in a deal.

Mike, for the moment you're good.

Exactly, Good For SGC they have a strong brand that is worth plenty.

[Lorewalker]

Originally Posted by natsturner

No it's not true. Big fan of Dave though

Thanks for posting, Nat and welcome. I am curious however what specifically is not true? There were 35 posts before yours with mentions/inferences of PSA buying PWCC as well as SGC. Are both statements not true, if you can say?

Blowout, which I was told you have been a member, has numerous threads about a possible buyout of SGC, over the last week and last I checked I did not recall seeing you post on any of those but maybe you were not aware it was being talked about.

Appreciate your time.

[natsturner]

Originally Posted by Lorewalker

Thanks for posting, Nat and welcome. I am curious however what specifically is not true? There were 35 posts before yours with mentions/inferences of PSA buying PWCC as well as SGC. Are both statements not true, if you can say?

Blowout, which I was told you have been a member, has numerous threads about a possible buyout of SGC, over the last week and last I checked I did not recall seeing you post on any of those but maybe you were not aware it was being talked about.

Appreciate your time.

didn't see any of the blowout ones, someone just sent me a link to this one on twitter somewhat randomly. it's not true that we're acquiring them.

[maniac_73]

Originally Posted by natsturner

didn't see any of the blowout ones, someone just sent me a link to this one on twitter somewhat randomly. it's not true that we're acquiring them.

That was me. Thanks for coming and providing your input.