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

http://haulsofshame.com/blog/?p=39919#more-39919

Leon,

All I want to know is are you selling the forum?

NO, it isn't being sold. That article made my blood pressue go down it was so funny. I actually laughed out loud. Almost None of it is true, I am not selling the forum. I hear The ole genius Nash lost what little credibility he had it was so off mark. Maybe he should work on paying his bills instead of writing articles then he wouldn't be in bankruptcy, as of 3 months ago when he filed for it.

OK, Leon.

That's a relief.

That's great. For a second there I thought we might get a Geico lizard for our new logo. ;)

If Net54 really was for sale I think we would all know it because there would be a thread in the BST auction section.

he could do a reverse auction...then be like that green cobb guy and if it gets too low just stop posting prices..

BST ad would have this image:

$650K sounds pretty strong............your daughter could go to school for years......

Well, I guess if Leon still has the quarter that would knock down any possible sale price to $649,999.75. :D

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

Your valuation methodology?

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

Peter--don't criticize an economics teacher

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.

Leon
 

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

Yes, it would be a trade for some of the cards he consigned to Heritage:)

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

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. :D

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

DJ

Finally, a truthful lawyer, LOL

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.

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

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.

Net54 doesn't have any assets though, right? Just the goodwill of posters and advertising revenue. Mao the question then is how many years of ad revenue would you be willing to pay for? 5-6 most likely?

Are you suggesting it is not a waterfront property?

Presumably you would need to pay someone to moderate it too, so you would have to net that against the expected revenues.

The other question is how many people would remain on a chat board owned by a grading company. I don't think I would.

CU is still pretty damn popular, for reasons that elude me.

That price seems incredibly high to me, but then again I have no idea what the ad revenue is. You'd basically be buying a management job, or you'd have to plan on paying a full-time mod.

when i think about pre-war baseball-related collectibles, beckett is like 37th think on the list that pops into my head...right after graded card sleeve. not sure how they'd leverage their position in the hobby with this board. blowoutcards would make alot more sense with the shiny refractors and gem mint grades...

+1

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.

Minute this board is sold is the minute I leave and not come back.

I just wanted to acknowledge this image -- HA!!

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

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. :confused: 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

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.

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?

Petered out is way too kind of a word.

Call it what you want - my point was in response to Steve B - there is a not-for-profit prewar/vintage focused forum out there. It was once quite active and had quality content, and it can be that again. It all depends on the will of the collector.

Are you sure he can't be persuaded otherwise? I can pay cash... :D

https://c1.staticflickr.com/1/593/22...aaed07c4_z.jpg

This peter is such a loser what a stupid article . What a lowlife dick

Or maybe this (just having some fun, LL)

<iframe width="420" height="315" src="https://www.youtube.com/embed/jTmXHvGZiSY?rel=0" frameborder="0" allowfullscreen></iframe>

ditto. Wouldn't even be close to the same.

Larry