Two hour interview with.... Bill Mastro

raulus · #1 10-25-2024, 03:07 PM

Quote:

Originally Posted by Johnny630

My point was the cards final price of $2,060 was that much for a PSA 3 because the card is going to be "worked" aka massaged on the back to get wrinkle out for a 8. They are not paying $2,060 to crack, send as is and try again for a 4 or 4.5. Not a chance.

Isn’t this where that fancy database and AI are supposed to kick in to identify cards that have been previously submitted and now cracked out and altered to get a better grade this time?

Johnny630 · #2 10-25-2024, 03:34 PM

Quote:

Originally Posted by raulus

Isn�t this where that fancy database and AI are supposed to kick in to identify cards that have been previously submitted and now cracked out and altered to get a better grade this time?

I have no clue maybe don't know.

Snowman · #3 10-25-2024, 03:43 PM

Quote:

Originally Posted by Johnny630

My point was the cards final price of $2,060 was that much for a PSA 3 because the card is going to be "worked" aka massaged on the back to get wrinkle out for a 8. They are not paying $2,060 to crack, send as is and try again for a 4 or 4.5. Not a chance.

Yep. I encounter cards like this all the time. People often think these are examples of shill bidding or fake sales, but they're usually cards that buyers think are either under-graded or can be improved. The market values card by their potential, not by their current state. Although in most cases, these values are equivalent.

Quote:

Originally Posted by raulus

Isn�t this where that fancy database and AI are supposed to kick in to identify cards that have been previously submitted and now cracked out and altered to get a better grade this time?

LOL

4815162342 · #4 10-25-2024, 07:44 PM

Quote:

Originally Posted by Snowman

� The market values card by their potential, not by their current state. �.

This might possibly be the most revolting sentence I have read on this board.

Peter_Spaeth · #5 10-25-2024, 07:50 PM

Quote:

Originally Posted by 4815162342

This might possibly be the most revolting sentence I have read on this board.

Or the most revealing.

Johnny630 · #6 10-25-2024, 08:19 PM

Quote:

Originally Posted by 4815162342

This might possibly be the most revolting sentence I have read on this board.

He is just telling you the reality of the business. We might not like it but it�s the truth and I except it�this has all made our collections worth more.

Rich Klein · #7 10-25-2024, 08:52 PM

Quote:

Originally Posted by Johnny630

He is just telling you the reality of the business. We might not like it but it�s the truth and I except it�this has all made our collections worth more.

C'mon now. How many of us over the years have bought cards because of the possible expectation that they are or will be worth more than we paid for them.

Rich

Lorewalker · #8 10-25-2024, 09:04 PM

Quote:

Originally Posted by Rich Klein

C'mon now. How many of us over the years have bought cards because of the possible expectation that they are or will be worth more than we paid for them.

Rich

Ummm...That is not what Travis was referring to in his comment. You might want to read what he posted again. And he is spot on in his assessment.

raulus · #9 10-25-2024, 09:43 PM

Quote:

Originally Posted by Rich Klein

C'mon now. How many of us over the years have bought cards because of the possible expectation that they are or will be worth more than we paid for them.

Rich

Perfect example of:

�Buy the card, not the holder!!�

samosa4u · #10 10-25-2024, 10:54 PM

Alright, I finally finished watching this video. It's definitely not what I call an interview! In an interview, you ask questions and then shut up and listen! This was more like a conversation. It kinda' felt like I was watching a late night talk show, where the host will talk just as much as the person he is interviewing. Over all, I enjoyed it. But yes, I wanted to smack Brian Gray a few times!

I do agree with Hank that Mastro should be writing a book about his time in the hobby. He met so many big guys and made so many big deals before this whole Wagner thing. He even said that his grandma found a Wagner! So, it would definitely be a great read!

Snowman · #11 10-26-2024, 04:10 AM

Quote:

Originally Posted by Rich Klein

C'mon now. How many of us over the years have bought cards because of the possible expectation that they are or will be worth more than we paid for them.

Rich

I'm not saying that cards are worth their potential to you or to any other specific buyer. I'm saying that the market values them at their potential.

Obviously, to the vast majority of buyers, cards are only worth whatever their current state suggests because most buyers aren't looking to improve cards. But even if just 1% of the bidders in an auction are looking for cards to improve, that would be enough for those improveable cards to be sold at their potential, as opposed to at whatever their current state suggests.

A very common example of this fact is that every time you see a 1986 Fleer Sticker Michael Jordan card listed at auction with the (ST) qualifier, because it has wax on the back, it always sells for much more money than its grade suggests it should be worth. A PSA 8 (ST) is going to sell for something close to what a PSA 8 without the qualifier would go for. Recently, PSA stopped adding the qualifiers, so you'll find them as straight PSA 6s instead, but the effect is the same. These will sell closer to what PSA 7s and 8s go for than they will what PSA 6s sell for. The reason is obvious. It's because the buyers know they can crack the cards out, wipe off the wax from the back with a pair of pantyhose and resubmit it for a higher grade. The same is true for any card with improvable flaws, whatever those may be. It is what it is. But it's definitely true whether we like it or not. In the limit, all cards that can be improved will be improved. It's inescapable.

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