Sports Card DAO

[Huysmans]

This is the kind of shit that in my humble opinion is ruining the hobby.
The more money and "investors" that enter the hobby, the worse off it becomes.
In fact, I can't see anyone successfully arguing that.
Shilling, card doctors, cracked slabs, fake autographs... these detriments to the hobby only INCREASE as prices go up, and NEVER the other way around. lol
Ask yourself this honest question.... If EVERY card tomorrow was valued at $1 dollar, and all the "investors" faded away instantly, how much fraud would there be in the hobby?.... Literally none.

I care about COLLECTING when it comes to cards and memorabilia, and nothing else, and a lot of it is about preserving items and serving as custodian so that future collectors can also enjoy them.

It's not about trying to make money and profit off of what is a "hobby" for me, but to each his own I guess.

[Leon]

Originally Posted by Huysmans

This is the kind of shit that in my humble opinion is ruining the hobby.
The more money and "investors" that enter the hobby, the worse off it becomes.
In fact, I can't see anyone successfully arguing that.
Shilling, card doctors, cracked slabs, fake autographs... these detriments to the hobby only INCREASE as prices go up, and NEVER the other way around. lol
Ask yourself this honest question.... If EVERY card tomorrow was valued at $1 dollar, and all the "investors" faded away instantly, how much fraud would there be in the hobby?.... Literally none.

I care about COLLECTING when it comes to cards and memorabilia, and nothing else, and a lot of it is about preserving items and serving as custodian so that future collectors can also enjoy them.

It's not about trying to make money and profit off of what is a "hobby" for me, but to each his own I guess.

That's the thing, Brent. It is not a hobby to many that are in it now. It is just trying to make a quick buck.
I would collect even more if everything were a buck! And then the foiks who ONLY see dollar signs would leave. I, and many on this forum, would be happy.
.

[obcbobd]

Originally Posted by Leon

That's the thing, Brent. It is not a hobby to many that are in it now. It is just trying to make a quick buck.
I would collect even more if everything were a buck! And then the foiks who ONLY see dollar signs would leave. I, and many on this forum, would be happy.
.

Yes!

Sometimes I wish that baseball would have another crippling strike, maybe some more scandals with it's popularity plummeting. This would cause investors in BB cards to abandon the market. Leaving it to collectors.

A man can dream!

[skelly423]

Originally Posted by obcbobd

Sometimes I wish that baseball would have another crippling strike, maybe some more scandals with it's popularity plummeting. This would cause investors in BB cards to abandon the market. Leaving it to collectors.

A man can dream!

I may have some very good news for you...

[jingram058]

Originally Posted by Leon

That's the thing, Brent. It is not a hobby to many that are in it now. It is just trying to make a quick buck.
I would collect even more if everything were a buck! And then the foiks who ONLY see dollar signs would leave. I, and many on this forum, would be happy.
.

+1 and amen to that, Leon.

[maniac_73]

Originally Posted by Huysmans

This is the kind of shit that in my humble opinion is ruining the hobby.
The more money and "investors" that enter the hobby, the worse off it becomes.
In fact, I can't see anyone successfully arguing that.
Shilling, card doctors, cracked slabs, fake autographs... these detriments to the hobby only INCREASE as prices go up, and NEVER the other way around. lol
Ask yourself this honest question.... If EVERY card tomorrow was valued at $1 dollar, and all the "investors" faded away instantly, how much fraud would there be in the hobby?.... Literally none.

I care about COLLECTING when it comes to cards and memorabilia, and nothing else, and a lot of it is about preserving items and serving as custodian so that future collectors can also enjoy them.

It's not about trying to make money and profit off of what is a "hobby" for me, but to each his own I guess.

I see what ur saying. I look at it like fine art. If you want to collect or invest there is something for you in it.


Sent from my iPhone using Tapatalk

[Bigdaddy]

Originally Posted by Huysmans

This is the kind of shit that in my humble opinion is ruining the hobby.
The more money and "investors" that enter the hobby, the worse off it becomes.
In fact, I can't see anyone successfully arguing that.
Shilling, card doctors, cracked slabs, fake autographs... these detriments to the hobby only INCREASE as prices go up, and NEVER the other way around. lol
Ask yourself this honest question.... If EVERY card tomorrow was valued at $1 dollar, and all the "investors" faded away instantly, how much fraud would there be in the hobby?.... Literally none.

I care about COLLECTING when it comes to cards and memorabilia, and nothing else, and a lot of it is about preserving items and serving as custodian so that future collectors can also enjoy them.

It's not about trying to make money and profit off of what is a "hobby" for me, but to each his own I guess.

That's the thing, Brent. If all cards were valued at $1, then we wouldn't have a National Convention, local card shops and shows, Net54, supplies for displaying and preserving our collections, access to other collectors to buy-sell-trade with, and all the other venues we now routinely use to build our collections. Without the money factor, many people are just not interested. It's no coincidence that the rise of many of the things mentioned above paralleled the rising value of sportscards. I'm sure there are plenty of other things to collect - old buttons, matchbook covers, milk bottles, Slurpee cups, cigarette butts, rusty nails, etc., that the 'investors' have not infiltrated. And the other thing with devalued cards, many of them would just be thrown out - there would be no new 'finds' as they would be sent straight to the dump.

Money in the hobby is not all bad.

And I'm a collector, just one that has learned to take the good with the bad as far as money entering the hobby.

[drcy]

It's an intriguing concept, though seems more like a game than collecting.

However, my key question is: Is a "pure democracy" is a good investment strategy? I would imagine not.

[x2drich2000]

Per the OP the group would be to have group of cards, so essentially you would need to join the group, commit to financing before evening knowing exactly what the group would be elect to purchase. Imagine joining expecting to purchase a high grade Ruths/Cobbs and getting stuck with some modern basketball patch cards instead.

[maniac_73]

Hey Everybody, loving this conversation and questions (both positive and negative lol). Just as an update, the DAO has been created as a closed DAO with some really great members. I wont say who they are but if they want to disclose then that is their choice. Let's keep this convo going though as its a really interesting topic and one that will continue to evolve as this space evolves.

[Lorewalker]

Originally Posted by maniac_73

Hey Everybody, loving this conversation and questions (both positive and negative lol). Just as an update, the DAO has been created as a closed DAO with some really great members. I wont say who they are but if they want to disclose then that is their choice. Let's keep this convo going though as its a really interesting topic and one that will continue to evolve as this space evolves.

And here they have been telling me that Rome was not built in a day! Proof now that it could have been!

[Peter_Spaeth]

Originally Posted by Lorewalker

And here they have been telling me that Rome was not built in a day! Proof now that it could have been!

Fire, aim, ready.

[carlsonjok]

Originally Posted by maniac_73

Hey Everybody, loving this conversation and questions (both positive and negative lol). Just as an update, the DAO has been created as a closed DAO with some really great members.

For someone starting a conversation and still doing your research, you seem to have a lot of insider information.

I wont say who they are but if they want to disclose then that is their choice.

I guess we can assume Gary Vee isn't one, since we know that guy can't keep his cakehole shut.

Let's keep this convo going though as its a really interesting topic and one that will continue to evolve as this space evolves.

I have to say that I am bit shocked that us curmudgeons are commenting more than the swells over at Blowout.

[swarmee]

Originally Posted by carlsonjok

I have to say that I am bit shocked that us curmudgeons are commenting more than the swells over at Blowout.

I wonder how the Blowout unopened case mutual fund is doing. I thought that signaled the top of the market, but it still ran for a year after that.

https://www.blowoutforums.com/showthread.php?t=1351664

Modern Wax Fund
In February 2020, Attic Investments, in partnership with Blowout Cards, launched the $3.15M Modern Wax Fund, believed to be the first private equity fund in trading cards. This fund followed the structure of a Special Purpose Vehicle with the assets to be acquired already identified and under contract to be closed on by the Fund. The asset acquisition represented 9,202 of individual boxes/sets and was for just over $3M. The most recent quarterly valuation from June 30, 2021 put the value of the underlying assets at $11.67M or an increase of 288.3%. The June 30, 2021 quarter did represent the first negative quarter for the underlying fund assets at -7.6%. The fund will strategically liquidate the assets in years 4-7, with approximately 25% of the assets liquidated each of those years.

[Lorewalker]

Originally Posted by carlsonjok

For someone starting a conversation and still doing your research, you seem to have a lot of insider information.

At 1PM yesterday he is still researching and 24 hours later he has not only formed it but recruited significant members. Very impressive 24 hour period, don't ya think?

At the very least it feels like he has not been 100% upfront. Maybe his opening post should have stated that he was about to form this and had significant interest. As an investor I like full disclosure but maybe that is a silly concept these days.

This is not for me for other reasons but it is absolutely not for me for the way it was presented.

[drcy]

Originally Posted by x2drich2000

Per the OP the group would be to have group of cards, so essentially you would need to join the group, commit to financing before evening knowing exactly what the group would be elect to purchase. Imagine joining expecting to purchase a high grade Ruths/Cobbs and getting stuck with some modern basketball patch cards instead.

Pokeman, Lady Gaga concert-used swatch card

[cardsagain74]

Originally Posted by Bigdaddy

That's the thing, Brent. If all cards were valued at $1, then we wouldn't have a National Convention, local card shops and shows, Net54, supplies for displaying and preserving our collections, access to other collectors to buy-sell-trade with, and all the other venues we now routinely use to build our collections. Without the money factor, many people are just not interested. It's no coincidence that the rise of many of the things mentioned above paralleled the rising value of sportscards. I'm sure there are plenty of other things to collect - old buttons, matchbook covers, milk bottles, Slurpee cups, cigarette butts, rusty nails, etc., that the 'investors' have not infiltrated. And the other thing with devalued cards, many of them would just be thrown out - there would be no new 'finds' as they would be sent straight to the dump.

Money in the hobby is not all bad.

And I'm a collector, just one that has learned to take the good with the bad as far as money entering the hobby.

Exactly.

Endlessly fascinating when some people can't see all the factors on both sides of this coin. And the focus on only the negative just resonates so unhealthily

[Huysmans]

Originally Posted by Bigdaddy

That's the thing, Brent. If all cards were valued at $1, then we wouldn't have a National Convention, local card shops and shows, Net54, supplies for displaying and preserving our collections, access to other collectors to buy-sell-trade with, and all the other venues we now routinely use to build our collections. Without the money factor, many people are just not interested. It's no coincidence that the rise of many of the things mentioned above paralleled the rising value of sportscards. I'm sure there are plenty of other things to collect - old buttons, matchbook covers, milk bottles, Slurpee cups, cigarette butts, rusty nails, etc., that the 'investors' have not infiltrated. And the other thing with devalued cards, many of them would just be thrown out - there would be no new 'finds' as they would be sent straight to the dump.

Money in the hobby is not all bad.

And I'm a collector, just one that has learned to take the good with the bad as far as money entering the hobby.

The problem with this statement is that essentially it’s not at all accurate.
There was a hobby long before the National Convention, local card shops and shows, and early collectors had no problem finding cards as well as other collectors to trade with, all before money was a factor at all. They also preserved much of the supply of what exists today for prewar cards, and again, they had no trouble doing this despite no hobby supplies for the most part existing.
And guess how much fraud was in the hobby then??

These were the actual “collectors” in their truest and purist form, not the modern investa-collector who thinks there needs to be money or the desire for profit just to have interest in the hobby. Unlike many here, they did it for just the love of cards. They existed before, and certainly, they can exist now despite how nefarious the “hobby” has become, which includes the endless contemporary influx of investors who care nothing whatsoever about actual cards.

[cardsagain74]

Originally Posted by Huysmans

There was a hobby long before the National Convention, local card shops and shows, and early collectors had no problem finding cards as well as other collectors to trade with, all before money was a factor at all.

Equating the (pre and post NSCC era) ease of collectors finding most of the cards they need is laughable.