Proof that the market value for PSA and 'conserved' cards have dropped

[drcy]

Originally Posted by steve B

Why would they change? They've already dodged all responsibility and deflected it all as just a bunch of whiners on the internet.

Much of it is now out of their control. BO is doing grading for them and their customers and the hobby at large, and collectors are now starting to consider PSA's grading differently and collect and valuate PSA cards differently. If BO exposure of bombshell and mundane cards continues, the hobby will have less and less confidence in PSA's grading abilities and the values for PSA graded cards will change.

I see a paradigm shift in the making. PSA sitting on their hands won't solve the problem and may exacerbate the problem if collectors and the hobby see them as dismissing and ignoring facts and problems. Why would the hobby trust or go to the grading/authenticity opinions of a service that dismisses facts that everyone sees. I think the horse has left the barn as far as PSA's "Move along, nothing to see here" philosophy goes.

At this point, I do not believe anyone with knowledge of this, including collectors who still collect and advocate for PSA, will buy and consider PSA cards in the same way as before. Even a PSA collector pausing or saying "let me double-check before I place a bid" or saying "I'll put off buying high-end cards until this settles" affects valuations and the hobby. Exuberant bidding and bidding psychology is an integral part of hobby pricing and bidding, and a slight tapping on the break or "Let me think about this first" affects things.

I also think a good number of big spenders are going to change, and likely have changed, their buying, there likely will some big exposures in major auctions, and some Registry folks will likely quit buying high end cards. If, for example, you've had several of your five or more figure cards identified as condition fakes now worth a small fraction of the value, it's going to make you pause if not quit. I don't care how much money you have, and who's going to invest in that system?

All you have to do is to go to PSA's own forum, full of PSA homers and advocates who have posted they are either not buying high end graded cards or at least pausing their buying. It's already affected their buying and valuation/consideration of PSA cards-- and that's PSA's home field.

Duly note that posters on PSA's board were as disappointed with Joe. O's "Learn to live with it, quit whining" letter as anywhere else. They are PSA fans, but see a major problem and want PSA to fix or seriously address it.

The funny thing is there likely will be a buyer's renaissance for early GAI cards. They were long left for dead, but now aren't looking so bad, at least in comparison.

[steve B]

Originally Posted by drcy

Much of it is now out of their control. BO is doing grading for them and their customers and the hobby at large, and collectors are now starting to consider PSA's grading differently and collect and valuate PSA cards differently. If BO exposure of bombshell and mundane cards continues, the hobby will have less and less confidence in PSA's grading abilities and the values for PSA graded cards will change.

I see a paradigm shift in the making. PSA sitting on their hands won't solve the problem and may exacerbate the problem if collectors and the hobby see them as dismissing and ignoring facts and problems. Why would the hobby trust or go to the grading/authenticity opinions of a service that dismisses facts that everyone sees. I think the horse has left the barn as far as PSA's "Move along, nothing to see here" philosophy goes.

I think the prices will change. Maybe slowly as the people with enough money to make buys that set prices figure it out.

I don't think PSA will change.
Or SGC, Or Beckett. They're all in the same group as far as I'm concerned.