PWCC expands its lending activities

[Snapolit1]

Really wonder if this money rush to establish businesses to grade "assets" and stick them in vaults isn't a day late and a couple of million dollars short.

Very little of this mania is about Mickey Mantle cards and Babe Ruth. It's about Luka Doncic gold refractors and Trevor Lawrence and Jasson Dominquez and Zion and other modern players. In my limited time watching breaks and reading about the modern card realm, it's clear so many potential big guys have already blown up and burned a lot of people. A few years ago people were killing themselves to get Tua and Spencer Torkelson rookies. Not so much all of a sudden. And as PSA clears out their backlog the supply of graded Luka cards, for example, is going to depress prices further. And we've already had new grading card companies appear in the scene and fail to make much of a ripple.

I think some of these people are throwing away money. I think the mania in new cards is peaked. Time will tell.