Just want to know. Hauls of Shame article on Net54.

[Econteachert205]

Beckett would be getting a bargain in my opinion if it were true at that number.

[Peter_Spaeth]

Originally Posted by Econteachert205

Beckett would be getting a bargain in my opinion if it were true at that number.

Your valuation methodology?

[autograf]

At least he has a pretty good picture of you Leon.......

[oldjudge]

Peter--don't criticize an economics teacher

[bnorth]

Originally Posted by autograf

At least he has a pretty good picture of you Leon.......

My favorite of Leon is the one with his brother standing by the Chevy Monza. My brother had the Spider edition with all the body accessories and a nicely built 283 engine.

[buymycards]

Leon, don't let that fool get you down. You have a lot of supporters on this board, including me.

Rick

[HOF Auto Rookies]

Originally Posted by buymycards

Leon, don't let that fool get you down. You have a lot of supporters on this board, including me.



Rick

+1.


Sent from my iPhone using Tapatalk

[Econteachert205]

Originally Posted by Peter_Spaeth

Your valuation methodology?

Beckett's ability to leverage their current business through the forum and improve in the graded card market through the board. I mean I'm not talking about a crazy difference in price but certainly 1 million dollars is not far fetched given collectors universe have a 100million plus valuation. Of course there are also revenue streams from ads. I did not specifically crunch numbers though so I do not mean to give the impression that I have some definitive inside knowledge.

Who Cares

[Peter_Spaeth]

Originally Posted by Econteachert205

Beckett's ability to leverage their current business through the forum and improve in the graded card market through the board. I mean I'm not talking about a crazy difference in price but certainly 1 million dollars is not far fetched given collectors universe have a 100million plus valuation. Of course there are also revenue streams from ads. I did not specifically crunch numbers though so I do not mean to give the impression that I have some definitive inside knowledge.

Well OK I have no clue what CU's corporate valuation has to do with the value of a message board, or how one would value this "leveraging" opportunity, but then again I am just a dumb lawyer.

[oldjudge]

Originally Posted by Peter_Spaeth

but then again I am just a dumb lawyer.

Finally, a truthful lawyer, LOL

[BeanTown]

Originally Posted by oldjudge

Finally, a truthful lawyer, LOL

+1

[glchen]

Frankly, this is all moot because Leon has already stated that he's not selling the forum, but there's a lot Beckett could do if they bought the forum. People have already talked about the banner ads already on the site for revenue. However, Beckett could try to promote more of the properties they own to the collectors on this site. For example, consign to Beckett and Goodwin auctions. Grade your cards at Beckett. Buy the Beckett magazine, etc. They could put a permanent link to Beckett's grading specials and subscription specials on the site. Any nice consignments they receive, they could put a story on the main forum. For advertisers to their magazine, they could say that they will automatically rotate some of their ads onto net54, so they could charge a little extra for advertising fees through this cross pollination. The net54 dinner at National could have more of a Beckett flavor. I'm just saying that there are a lot of things they could do, and still try to keep the forum as tasteful as possible so that people wouldn't leave in droves.

[Econteachert205]

Originally Posted by Peter_Spaeth

Well OK I have no clue what CU's corporate valuation has to do with the value of a message board, or how one would value this "leveraging" opportunity, but then again I am just a dumb lawyer.

Peter, your not dumb but you are quite generous for giving me feedback on my opinions free of charge. My point about Beckett had to do with using the forum as a way to relaunch their grading service as the best through linking the forum to a registry and promoting discounted flips for members as well as taking much of the expert advice of those like yourself. My point about collectors universe and its valuation has more to do with Beckett's valuation, which has to be substantial, than the forum. As in, if Beckett felt about the forum and its usefulness as I do, one million would be a reasonable amount to pay. Btw I'm just a dumb schoolteacher so I have you beat. Also I hope none of what I type is perceived as being from a place of disrespect.

[Peter_Spaeth]

Originally Posted by Econteachert205

Peter, your not dumb but you are quite generous for giving me feedback on my opinions free of charge. My point about Beckett had to do with using the forum as a way to relaunch their grading service as the best through linking the forum to a registry and promoting discounted flips for members as well as taking much of the expert advice of those like yourself. My point about collectors universe and its valuation has more to do with Beckett's valuation, which has to be substantial, than the forum. As in, if Beckett felt about the forum and its usefulness as I do, one million would be a reasonable amount to pay. Btw I'm just a dumb schoolteacher so I have you beat. Also I hope none of what I type is perceived as being from a place of disrespect.

Couldn't Beckett do all that now, or at least the promotion, by taking out an ad instead of spending a million dollars? And it can read whatever advice is offered here for free. And I understood the point about CU as relating to Beckett's overall valuation, I just don't see what BECKETT's net worth has to do with what a message board is worth to them. Kinda begs the question what value the message board would add, as i see it. Dumb lawyer caveat repeated lol.

[rdwyer]

We're suppose to keep Leon from selling the site. Quit saying a million.

[Econteachert205]

Peter I don't disagree with anything you say. There is a lot of redundancy. I originally responded only to the Nash article from the the perspective of IF Beckett was interested in buying the forum for 650k that based in my mind what companies are paying currently to buy assets it seemed low to me.

[PM770]

Originally Posted by Peter_Spaeth

but then again I am just a dumb lawyer.

Great. Now I'm whenever I see a post from you I am going to think of the "pizza lawyer" commercials.

[steve B]

Last I checked Beckett already has a forum, one that's about as content light as the magazine. And all the advertising stuff others have mentioned is already being done on their website, aside from offering "us" a special deal.

CU has a forum, and emails and whatever else. I signed up for the card emails and get the coin ones. although I do sort of like the coin articles. Their boards aren't all that great, some content, but mostly "OMG WHY OH WHY ISN'T THIS CREASED CARD AT LEAST A 7?!?!?!" and stuff like that. (yes, an exaggeration, but not by much)

SGC has a board. It's not bad, but doesn't see much traffic.

Did GAI have one? Or is it coming Monday?

Having a message board that's relatively on-target, civil, and which has content and enough active members is vary hard. I'm on probably 4 of them and lurk on another. Two of those have really lost a bunch of traffic the last couple years. One because the guy running it sort of moved on to something else. The other because most of the experienced people who knew a LOT moved elsewhere mostly because the new guy wouldn't listen to the advice they asked for.

I don't think any of them actually make any profit. The one I lurk on might help the business of the guy who runs it, maybe.

Steve Birmingham

[Beatles Guy]

Beckett would run this place into the ground because of technical issues. When I first got back into the hobby in 2008, I went to Beckett and was a regular there. The site crashed constantly and would be out for weeks before it was fixed. That problem coupled with one time losing all data that collectors entered into their trading system, was my cue to leave that place. That, and they started to require a subscription.

[fisherboy7]

Originally Posted by steve B

Last I checked Beckett already has a forum, one that's about as content light as the magazine. And all the advertising stuff others have mentioned is already being done on their website, aside from offering "us" a special deal.

CU has a forum, and emails and whatever else. I signed up for the card emails and get the coin ones. although I do sort of like the coin articles. Their boards aren't all that great, some content, but mostly "OMG WHY OH WHY ISN'T THIS CREASED CARD AT LEAST A 7?!?!?!" and stuff like that. (yes, an exaggeration, but not by much)

SGC has a board. It's not bad, but doesn't see much traffic.

Did GAI have one? Or is it coming Monday?

Having a message board that's relatively on-target, civil, and which has content and enough active members is vary hard. I'm on probably 4 of them and lurk on another. Two of those have really lost a bunch of traffic the last couple years. One because the guy running it sort of moved on to something else. The other because most of the experienced people who knew a LOT moved elsewhere mostly because the new guy wouldn't listen to the advice they asked for.

I don't think any of them actually make any profit. The one I lurk on might help the business of the guy who runs it, maybe.

Steve Birmingham

Hi Steve,

I'm guessing this will be deleted, but many former net54'ers from the early days re congregated on the Full Count forum years ago: http://vbbc.forumotion.com/

Traffic has petered out over the years but maybe it's time for a renaissance?

[x2drich2000]

Also don't forget collectors universe is more than just PSA. I believe the majority of their business is on the coin side.

DJ