PSA parent company acquiring Beckett22120
 I've spent years perfecting my brand of assholery.
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DrWatson private msg quote post Address this user | |
| I don't worry about that too much. Shit always changes. I figure there will always be someone grading books. If not, that's okay, too. There are probably enough graded books in the world already to where they will keeping recycling through the people who want to own them. In reality, the entire concept is rather absurd. Keeping something that is suppose to be read in a condition where it's impossible to read. I submit books mainly for the thrill of getting them graded; the waiting, the build up, and then the pay off when you open the box. Sometimes great. Sometimes good. Sometimes not so hot. Then you bide your time until you're ready for another go around. Come to think about it, it sounds a lot like sex, except you're the only one who really has to be satisfied, lol. |
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| Post 26 • IP flag post | ||
 How do I know this? Because I've done it myself.
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lawguy1977 private msg quote post Address this user | |
| @SpiderTim Most likely, not much will happen even if CBCS disappears, theoretically. The question is why you have a slabbed book. If it's for the grade, CBCS shutting down doesn't suddenly mean the grade is no longer legit. Collectors will know that. If it's for preservation, well, you chose the best slab on the market. If you're looking for value when selling, well, that's always been up for debate from the start as to how to get the best value and, what "value" means to each person. Worst case scenario, you can always crack the book open and sell it raw or have it re-graded somewhere else, if that would maximize the value over it being slabbed by CBCS. I'm sure no one on this forum has ever re-slabbed a book with CBCS from a competitor or vice versa... I'm not thrilled by the acquisition news, but, IMO, it's not time to yell "abandon ship," either. All I care is that the CBCS slab (and its encapsulation process) doesn't go away. |
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| Post 27 • IP flag post | ||
 I'd like to say I still turned out alright, but that would be a lie.
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flanders private msg quote post Address this user | |
Quote:Originally Posted by SpiderTim Maybe they'll sell CBCS to the highest bidder. If a parent company can own multiple competing grading companies I don't see why Lonestar Comics, better known as Mycomicshop, can't own CBCS one day. I'd prefer them to some investment group full of assholes that don't care about the hobby. |
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| Post 28 • IP flag post | ||
 I do what I can.
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TheShocker private msg quote post Address this user | |
Quote:Originally Posted by flanders But wouldn't that be a conflict of interest? I think PSA is in the hot seat right now in the trading card sector for buying 9s and re-grading em as 10s and reselling em.. |
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| Post 29 • IP flag post | ||
 If you want to bludgeon someone with a comic, PSA should be your first choice.
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James42 private msg quote post Address this user | |
Quote:Originally Posted by lawguy1977 This is close to where I am at. I don't hate the PSA slab (the label sucks), and I own several. But for display and optical clarity, the CBCS slab is the best on the market. Since most of what I personally submit is either sketch covers or signatures, I really want the clearest slab on the market. And that's CBCS. Edited to add: I really don't want the CBCS team that has become such an integral part of my collecting to go away, or have to uproot their lives and move. |
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| Post 30 • IP flag post | ||
 Collector
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CaptAjax private msg quote post Address this user | |
| Perhaps PSA’s parent company (Collectors) acquiring Beckett (CBCS) will generate more competition for CGC? They could begin by introducing something new like a UV-Safe slab option.....or something that CGC does not yet offer. I'm a huge CBCS fan, and hope Collectors chooses to eventually ditch the PSA slab and either concentrate on promoting CBCS or develop an entirely new comic grading company.... |
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| Post 31 • IP flag post | ||
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I'd like to say I still turned out alright, but that would be a lie.
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flanders private msg quote post Address this user | |
Quote:Originally Posted by TheShocker I don't see any difference between them grading raw books and selling them and grading raw books then putting them in a slab and selling them. |
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| Post 32 • IP flag post | ||
 I don't believe this....and I know you don't care that I don't believe this.
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GAC private msg quote post Address this user | |
Quote:Originally Posted by flanders the difference is the appearance of impartiality. If they're selling the books then impartiality can and will be questioned. It's all about appearances. Assuming they will grade others people's books and not selling them...there's a conflict of interest. If they are ONLY grading their own books then its no difference to what they're doing now but they're not a third party grader....they're just a comic shop that encapsulates their own books that they grade. |
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| Post 33 • IP flag post | ||
 I AM... THE Bat-Manuel
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MurrayC private msg quote post Address this user | |
Quote:Originally Posted by CaptAjax No... You don't create a new division within the company with the intent to compete with another grading company only to buy the competing company within the same year and then just shut down the division you just created. CBCS is DONE. There will be BS promises - like the way Kathleen Kennedy made to George Lucas when Disney purchased Star Wars - but CBCS will be gone before the ink dries on the legal documents. |
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| Post 34 • IP flag post | ||
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I don't believe this....and I know you don't care that I don't believe this.
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GAC private msg quote post Address this user | |
Quote:Originally Posted by MurrayC It depends. It will come down to the perceived strength/value of the CBCS brand to its new owners. From the comic perspective, the new owners will do what they believe is the best way to eat CGCs marketshare. If they believe dissolving the CBCS brand and merging the assets to PSA is best, then that's what they'll do. If its better to fight CGC on two fronts, PSA and CBCS, then they'll do that. From the comics perspective, whatever hurts CGC the most is the course of action they'll take. |
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| Post 35 • IP flag post | ||
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I've spent years perfecting my brand of assholery.
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DrWatson private msg quote post Address this user | |
| I had a friend whose family owned the two competing grocery stores in a smallish town. I asked him why they didn't just merge the two and he said that people like options. If they get pissed at one store for whatever reason, then they go to other store. He said they make more by having both stores with the appearance of individuality than they would if both stores carried the same name. If you get pissed at CBCS, you can go to PSA and vice versa. There's plenty of profit to be made in cross grading. |
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| Post 36 • IP flag post | ||
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I've spent years perfecting my brand of assholery.
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DrWatson private msg quote post Address this user | |
| Personally, I think if PSA wants a single entity grading comic books, then they will fold their fledgling grading program and possibly rebrand CBCS. They would be miles ahead if they did that instead of trying to reinvent the wheel with Mark Wilson, the other guy, and the janitor. |
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| Post 37 • IP flag post | ||
 Not trying to be an ass since February 12, 2020.
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HulkSmash private msg quote post Address this user | |
Quote:Originally Posted by DrWatsonleave the janitor out of this |
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| Post 38 • IP flag post | ||
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I've spent years perfecting my brand of assholery.
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DrWatson private msg quote post Address this user | |
Quote:Originally Posted by HulkSmash He's the only one cleaning up in this deal. |
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| Post 39 • IP flag post | ||
 I hold the record for itchy trigger finger.
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sportshort private msg quote post Address this user | |
Quote:Originally Posted by DrWatson This is exactly what I'm saying. |
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| Post 40 • IP flag post | ||
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I don't believe this....and I know you don't care that I don't believe this.
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GAC private msg quote post Address this user | |
 not real |
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| Post 41 • IP flag post | ||
 past performance is no guarantee of future actions.
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KatKomics private msg quote post Address this user | |
| I'd almost be more worried with Beckett cards....when reading the announcement at the bottom it was some crazy ratio like 1/18th...ie PSA grades 18 million cards a year and Beckett is just below 1 million..unless those 1 million are something really special I couldn't see keeping it around..it's like 5.6%....I mean..still nothing to sneeze at but on the brink of not bothering to put anything into it...it's essentially a tail brand We have products like that...no marketing or anything done...maybe the odd label re-design...just let the people who buy it buy it until volumes drop so low that minimum runs are too large/expensive then kill it |
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| Post 42 • IP flag post | ||
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I'd like to say I still turned out alright, but that would be a lie.
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flanders private msg quote post Address this user | |
Quote:Originally Posted by KatKomics I'm sure it hasn't always been this way. Beckett has been unable to recover from far too many scandals and the worst customer service in the industry. |
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| Post 43 • IP flag post | ||
 Collector
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ThorneArt private msg quote post Address this user | |
| PSA is just buying the biggest competition. This is not good for the card hobby. |
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| Post 44 • IP flag post | ||
 Collector
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NoahSult private msg quote post Address this user | |
| @flanders Beckett absolutely refused to put any money into advertising for cbcs. Let’s be honest. We all wish cbcs would have stayed independent. I do anyway. Hell, I wish cgc didn’t get bought by blackrock. As a comic book artist I like for fans and customers to have real choices where I send something for them. I’ve had people want their books sent to cbcs. I’ve had them want to go to cgc. Never had anyone say send it to psa for me. But like everything, we are just going to have to wait and see how things shake out. | ||
| Post 45 • IP flag post | ||
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I don't believe this....and I know you don't care that I don't believe this.
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GAC private msg quote post Address this user | |
| It seems that Beckett was ripe for the picking by a company like PSA. They seem to check a couple of big boxes. When PSA got into comic collecting, Beckett became a competitor for another line of business. Beckett was actually a perfect match for PSA...a competitor is eliminated and PSA lines of business are bolstered. If PSA adopts CBCS's practices and keeps all/most of their people, I think PSA can win over a lot of CBCS loyalists. The comic market loses a competitor to CGC but strengthens another competitor. Hopefully we get a challenger to CGCs throne. |
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| Post 46 • IP flag post | ||
 Collector
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CapCityComics private msg quote post Address this user | |
| Considering PSA keeps their other card grading companies' brandings individually, I could see them keeping the CBCS brand for comics grading. I just don't think that's going to be the case in the long run. It may serve PSA best to fold in the CBCS business, operations, and best practices in comic book grading into their own newly developed comic grading business and going from there. I believe this will certainly improve PSA's comic book grading services overall, at the cost of losing CBCS in the market eventually. I was pretty happy overall with my PSA comics submission over the summer. The cases are great, the grading was on-point, books weren't damaged or bent, the labels look good enough (I only sent them ultra modern comics that I was certain would look good with their current red label), and they'll eventually evolve those offerings to only get better. |
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| Post 47 • IP flag post | ||
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I'd like to say I still turned out alright, but that would be a lie.
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flanders private msg quote post Address this user | |
| I'm still confused why the Psa headquarters remains in Southern California. That's a lot of extra operating expenses and taxes. Maybe they'll keep a hub there but move the main headquarters to Texas or Florida. Edit. I may have answered my own question. https://www.sportscollectorsdaily.com/psa-set-to-add-card-grading-in-fl-tickets-in-texas/ |
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| Post 48 • IP flag post | ||
 I'm waiting.... (tapping fingers).Splotches is gettin old! |
Nuffsaid111 private msg quote post Address this user | |
Quote:Originally Posted by CapCityComics This is 100% what i thought earlier when I said "no bueno". And therefore I still say "no bueno". I feel its the logical move, and sometimes I hate logic |
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| Post 49 • IP flag post | ||
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I'd like to say I still turned out alright, but that would be a lie.
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flanders private msg quote post Address this user | |
Quote:Originally Posted by Nuffsaid111 It's not a matter of if but when. Beckett has terrible marketing and even Cgc cards greatly surpassed their grading volume within a couple years of their creation. I'm sure Psa and cbcs will merge within the next 2 years and the cbcs name will cease to exist. |
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| Post 50 • IP flag post | ||
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Collector
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CaptAjax private msg quote post Address this user | |
| No way I’m going to PSA if CBCS is discontinued. I guess I’ll start dealing with CGC again. Maybe thE new competition will push CGC to be more consistent in their grading. | ||
| Post 51 • IP flag post | ||
 I’m not an ant. I’m a rootin tootin Hornet!
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Zombie_Head private msg quote post Address this user | |
| I hate PSA labels and they have Newton rings. Until they fix that it’s a big no. If CBCS goes bye bye I probably won’t grade comics any more. | ||
| Post 52 • IP flag post | ||
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I don't believe this....and I know you don't care that I don't believe this.
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GAC private msg quote post Address this user | |
| For me, if PSA changes anything about CBCS's product, it will be a disappointment. Ideally, it would be great to have the PSA machine pushing the CBCS brand....if the CBCS brand must go, I hope PSA adopts CBCS's everything...label, slab, grading processes (maybe soften on the grade toughness a hair), VSP, etc. I've heard the PSA slab is impressive...I've never had one on hand but CBCS's slab, in my opinion, is the best on the market. Whatever happens, I hope signs of CBCS remain. |
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| Post 53 • IP flag post | ||
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I've spent years perfecting my brand of assholery.
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DrWatson private msg quote post Address this user | |
Quote:Originally Posted by CaptAjax I would take Newton rings over boomerang banana books. |
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| Post 54 • IP flag post | ||
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Not trying to be an ass since February 12, 2020.
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HulkSmash private msg quote post Address this user | |
Quote:Originally Posted by Nuffsaid111i dont know what percentage Becket and PSA hold on the grading market, but it is possible for the whole deal to be blocked by the Securities and Exchange Commission (SEC)(or Committee on Foreign Investment in the U.S. (CFIUS) for international buyers of U.S properties). If PSA acquiring Beckett would create an unfair market share they may only be able to acquire Beckett with restrictions of only being able to acquire certain properties or dissolving properties as part of the acquisition to maintain a fair market. Only time will tell. |
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| Post 55 • IP flag post | ||