Vintage Set Group Break Idea! Input Needed!

[autocentral]

Originally Posted by Rich Klein

Personally I think this concept is worthy of one of my columns --- I'm going to write this and pitch to my editor (who is a valued Net54 advertiser)

Wow awesome! Thank you Rich, I really appreciate it.

Nick

[oldjudge]

"As I stated in a previous answer to a question. There is a premium charge added to the break which Leon & I are splitting 50/50. A lot of time goes into planning and actually doing the break."

I realize you are making something. What I am asking is what percentage of the set's purchase price are you and Leon making? Will the cost of the set be disclosed?

[autocentral]

Originally Posted by oldjudge

"As I stated in a previous answer to a question. There is a premium charge added to the break which Leon & I are splitting 50/50. A lot of time goes into planning and actually doing the break."

I realize you are making something. What I am asking is what percentage of the set's purchase price are you and Leon making? Will the cost of the set be disclosed?

Yes these cost of the set will probably be disclosed as Leon & I are trying to be as transparent as possible with these breaks.

Thanks,
Nick

[wolf441]

Hi Nick,

I think it's a great idea and I don't think you'll have any trouble filling up the 200 or so slots.

Best of luck and keep us informed as I will certainly be in for a few slots.

Steve

[Texxxx]

I would be in for a couple of slots. I am going to Vegas in a week so it might depend what happens there.

[autocentral]

Originally Posted by Texxxx

I would be in for a couple of slots. I am going to Vegas in a week so it might depend what happens there.

Good luck in Vegas! Should be a fun time.

Thanks for the support,
Nick

[Sean1125]

For transparency I believe instead of the word 'premium' you should disclose fully what the set cost and what you stand to make.

[frankbmd]

If anyone is having wet dreams hoping to win the Harry Agganis RC, contact me directly if you are disappointed with the card you win before seeking professional help.

[autocentral]

Originally Posted by Sean1125

For transparency I believe instead of the word 'premium' you should disclose fully what the set cost and what you stand to make.

That will be disclosed. Not to worry.

Thanks for the comment,
-Nick

[autocentral]

Originally Posted by wolf441

Hi Nick,

I think it's a great idea and I don't think you'll have any trouble filling up the 200 or so slots.

Best of luck and keep us informed as I will certainly be in for a few slots.

Steve

Thanks for the support Steve,
Nick

[peterose4hof]

Originally Posted by oldjudge

"As I stated in a previous answer to a question. There is a premium charge added to the break which Leon & I are splitting 50/50. A lot of time goes into planning and actually doing the break."

I realize you are making something. What I am asking is what percentage of the set's purchase price are you and Leon making? Will the cost of the set be disclosed?

I have been involved in more than a hundred breaks the past handful of years and I can say without pause that the markup a breaker typically makes is nominal. It's truly a labor of love, not a big payday.

[autocentral]

Originally Posted by peterose4hof

I have been involved in more than a hundred breaks the past handful of years and I can say without pause that the markup a breaker typically makes is nominal. It's truly a labor of love, not a big payday.

It definitely is not a big payday more work and headaches than anything. I really love doing group breaks, they are fun and get people with common interest together. Leon & I felt this would be a great addition to the site and hopefully generates new members.

Thank you for the support,
Nick

[Eric72]

For those who may have an interest, here is a Frequency Distribution, by "book value," of the 1955 Topps Baseball set.

I am not offering an opinion here...just laying out the "odds."

Best regards,

Eric

[oldjudge]

Eric--that's great info, but you wonder, if people are willing to play a game where they have no idea what the house take is, why they would care what the expected value of a pick it.

[Eric72]

Originally Posted by oldjudge

Eric--that's great info, but you wonder, if people are willing to play a game where they have no idea what the house take is, why they would care what the expected value of a pick it.

It's an important part of the equation...just figured I would throw it out there.

Best regards,

Eric

[oldjudge]

Eric--if you believe these values are representative of the value of what is being purchased then the set should cost $13,369 (using mid-points) and a pick should be worth $64.90 with no house take. What I wonder is, with these numbers, how much would Nick and Leon charge per pick. If they charge $70, which doesn't seem like a big premium, they are making almost 10% which translates to over $1000.
And don't forget shipping.

[Eric72]

Originally Posted by oldjudge

Eric--if you believe these values are representative of the value of what is being purchased

Of course, condition is important...perhaps critical...in determining value.

Originally Posted by oldjudge

the set should cost $13,369

I believe a complete set can be purchased for quite a bit less than this. However, again, condition will certainly come into play. The "book value" (from the same Beckett price guide) lists the complete 206 card set, in Near Mint condition, at $8,000.

Originally Posted by oldjudge

a pick should be worth $64.90

I will defer to others (Nick and Leon, especially) on how much a pick should be worth; however, that does seem a bit high to me for this particular set break. Unless, of course, the cards are all graded and uniformly in NM or better condition. In which case, the chance of landing one of the better cards in the set comes into play.

Originally Posted by oldjudge

they are making almost 10%...And don't forget shipping.

Percentage-wise, that seems fair to me.

Just my two cents on the topic.

Best regards,

Eric

[autocentral]

Originally Posted by oldjudge

Eric--that's great info, but you wonder, if people are willing to play a game where they have no idea what the house take is, why they would care what the expected value of a pick it.

As previously stated in multiple answers to questions. Leon & I are trying to be as transparent as possible. The amount we purchase the set for will be disclosed, if you have a problem with the premium charge we decide to charge don't join. It is really as simple as that. I promise you this, it definitely won't be near the premium blowoutcards previously charged for the both times they have ran a break like this. They must have had close to 30% premium charge, that my guess.

As for trying to determine a price for a spot, that remains to be seen but $65 is definitely not an accurate prediction. I understand people want all the answers to their questions at this time like a price per spot, a premium charge, etc. but we are just in the starting phases of setting this up so we can't provide that info until we finally post the official thread where people can claim spots and actually join the break.

Thanks,
-Nick

[Eric72]

Originally Posted by autocentral

As previously stated in multiple answers to questions. Leon & I are trying to be as transparent as possible. The amount we purchase the set for will be disclosed, if you have a problem with the premium charge we decide to charge don't join. It is really as simple as that. I promise you this, it definitely won't be near the premium blowoutcards previously charged for the both times they have run a break like this. They must have had close to 30% premium charge.

As for trying to determine a price for a spot, that remains to be seen but $65 is definitely not an accurate prediction. I understand people want all the answers to their questions at this time like a price per spot, a premium charge, etc. but we are just in the starting phases of setting this up so we can't provide that info until we finally post the official thread where people can claim spots and actually join the break.

Thanks,
-Nick

Nick,

At risk of offending, this reply does not seem congruent with a scholarly debate on the topic. I believe Net54 is supporting you on the idea of a 1955 Topps set break.

We simply want all of the details before signing on.

Best regards,

Eric