Collectors (PSA) Acquired SGC
Companies will remain separate per Darren Rovell tweet.
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Unfortunate, no good things for collectors will come of this.
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Was looking to see if this was an early April Fool’s joke. Clearly it is not! Wow!
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Hopefully this falls through...
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Oh no! Up go the fees.
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Yup this is big business now and all about profits. Will be interesting to see how this pans out and what Nat has in mind for SGC. If the companies stay separate maybe SGC will be for vintage...I can hope at least.
Either way not sure this is going to be too terrific for collectors, in general, especially the way Nat runs PSA. |
Guess he finally made Dave an offer he couldn't refuse.
Look forward to the spin by the SGC fans. |
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Is this merger something that the anti-monopoly lawyers are likely to pursue?
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Probably too few zeros in the industry's annual revenue. I could be wrong, of course.
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Any idea what the short-term will hold? Was going to put together another submission, but I want to do it at the current pricing and turnaround time, and not after it gets, well, PSA'd.
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Psa V/S SGC
PSA wont grade any 1909 JACK JOHNSON/JAMES JEFFERIES/MCVEY~Boxing Playing Card--SGC would--so there might be some internal changes--tier prices, etc.--
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Brian |
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I now wonder about the future of SGC. |
Collectors SGC
This doesn't bode well, does it?
PeterSpaeth- my "spin" has been that I prefer the company that practices customer service and is best at the actual job of grading the cards. I'm guessing you can't wait to gainsay anyone who dares speak, so please just provide that "spin" for the reader, and we can skip to the end. Trent King |
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Well said bro |
My grading priorities are: 1) Cost of service, 2) Look of the holder and card in it, then 3) Turn around time. I suspect if SGC isn’t able to retain its uniqueness in these areas, collectors will flock to an alternative and drive up business of others like Beckett and CGC.
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normally I do not mind mergers or buy outs. But the 2 biggest graders owned by the same parent company even if kept separate (for now I am sure down the line it will not stay that way) does not seem good for the collectors or for the industry in general.
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https://www.sportscollectorsdaily.co...ed-to-7-years/ https://www.justice.gov/criminal/cri...reg-e-lindberg https://www.insurancebusinessmag.com...me-437531.aspx https://cblife.com/ |
I'm almost speechless
This is so bad for so many reasons! I hope those emergency lights on Jeff's post indicate he or someone in a position to challenge this from a monopolistic perspective (potentially hurts Beckett and CGC the most) are going to do so. How can a single company be allowed to own 85% of a given market?
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ugh! I only hope that maybe SGC ditches their current crapass holder in favor of PSA's.
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At this point I wouldn’t be surprised if Fanatics acquires PSA.
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On the bright side…maybe SGC is finally getting a registry now!
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Maybe SGC will shrink their comically large grade font now.
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It will be a couple of years before there is a noticeable change. I cannot fathom that morale at SGC has not been negatively impacted unless they shared the pie. Couple of things could happen:
1. Both entities are allowed to operate independently. 2. Collectors migrates vintage to SGC while keeping the PSA brand for newer cards. 3. PSA swallows SGC, maybe by offering a discounted crossover rate. 4. SGC becomes the "BVG" of the Collectors group. 5. SGC cards are allowed in the Registry. Possibilities are endless! |
One ring to rule them all, one ring to find them, One ring to bring them all, and in the darkness bind them
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Most acquisitions start with IT and Finance absorption and move on from there. Over time all things will migrate as PSA works down process inventory at SGC and then swallows it whole. SGC will be a fond memory 24-36 months after a completed deal; maybe sooner. |
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I am thinking more like Mr. Potter from it's a wonderful life :) |
I was thinking more like Grima Wormtongue
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Another article on the Collectors purchase of SGC
https://www.sportscollectorsdaily.co...ingPc7KnfHG4Rk Sent from my iPhone using Tapatalk |
Crazy news. Never would have expected this.
I can't believe there will be two separate slabs continuing long term. Eventually SGC slabs will become PSA. A crossover charge will be added. I dont see how SGC slabs will be included in the registry. The regisity will show both PSA and SGC separately? I don't think that will work. It's probably going to be same business as usual, if you want to go into the PSA registry, you will need to crossover. In the end this gives PSA a huge amount of influence in the hobby. Pricing, grading times. SGC will grade some cards that PSA wont. Makes me question how that will work moving forward. |
While I don’t love this, my gut is it will somehow all work in the end. It usually does. Nothing I can do about it and I will still be collecting cards, so it will be what it be.
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Agreed. Sent from my iPhone using Tapatalk |
I do think PSA will eventually fold SGC, like over the next 5 years. By doing so they will eliminate the vintage competition (and some of their modern competition). Vintage and Pre-War collectors won’t have a choice, because who actually submits vintage to Beckett or CGC? They’ll have to submit to PSA. And think of all the money they could potentially make with all the collectors who will cross their old defunct SGC slabs to PSA. And I’m sure they paid a good chuck of change for SGC. Best way to make that money back unfortunately is cut payroll at SGC, sell the parts, and fold the company.
To me it makes little to no sense for them to keep SGC operating. It does for the short term, but not in 5+ years. Let’s hope I’m wrong though. Competition is good for everyone, and you can’t beat the customer service at SGC (at least compared to PSA). I really hope this acquisition doesn’t go through. What’s next, Fanatics acquiring PSA? |
Collectors has done a really good job with their acquisition of Goldin I believe the same will occur with their pick up of SGC. Nate Turner and his investment/business team are smart forward-thinking people. I see this as a positive going forward. :)
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I had some talks with a few collectors friends this morning. Many are sadden with this decision. And I don't believe PSA will cross SGC cards at the current SGC grade.
I like SGC cards, but I am now very hesitant to buy them right now until I hear additional information about this buyout. It will be interesting to see what impact this has on SGC cards in the future. |
Unless Nat starts grading cards himself, I think this is a postive for the hobby. I think CGC will move up too...
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My question to you is will you and the hobby as a whole still submit going forward to SGC? If SGC continues to grade the high volume of cards monthly that they have been if people still have confidence and send them cards to grade, they will stay separate. If that drops off and drops off drastically, I believe PSA will take over the full grading aspect of SGC, what are your thoughts on that? |
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Competition is good for the customers and collectors. It allows prices to be low, grading times to be faster. It allows difference in slabs styles and diversity. As some mentioned and I think it's a great point, I doubt PSA will crossover the same grade from SGC. |
With this news I expect by May submissions to SGC to be down 30-50%.
Who would submit now after hearing this? |
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Ray what you said I agree with you I’m just trying to play the other side and see what the other side is thinking. Not trying to argue just trying to get the other view too. Let’s see what other say but I do agree with the drop off, probably sadly happening. |
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I don't think anything drastic will happen in the short term and SGC will continue to grade cards as SGC, and so long as that is the case, I will continue to submit to SGC. I have no aversion to acquire new cards in SGC slabs just because there is a question mark if SGC slabs will remain around for the long term. I have cards in old GAI slabs and old SCD slabs, even though those companies are long gone. I am not invested in the PSA registry and I am not OCD enough so as to be averse to having different slabs in my collection. I will also continue to submit to Beckett. I like their slabs and trust their grading, based on my own personal experiences.
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Well, he $eemed pretty happy. |
PS......I hate hate hate PSA's oversized slabs. If Collectors does phase out SGC slabs, I do hope that at least they adapt some version of them for oversized cards.
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My first reaction was the opposite... |
The last time I spoke to SGC, at a National, they told me that Dave F was behind the curtain grading cards. Think about that for a minute.
Do I really need to say anything else? ps... I think this bodes very well for CGC too... Quote:
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It might be time for me to give CGC a try. |
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Looked like a hostage video...if said hostage had just gotten paid a lot of money to "just shut up and do as you're told". https://media1.tenor.com/m/MYZgsN2TDJAAAAAC/this-is.gif |
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‘I’ve got a bad feeling about this.” Han Solo.
Me too. |
With this news, I am also curious to see how many SGC cards are in future big auctions. Will it have an impact?
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I just sent in 28 cards to SGC!
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BREAKING NEWS: Fanatics just bought PSA !!!
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Sent from my SM-S906U using Tapatalk |
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Dammit! You're already contributing to the backlog. Turnaround time just went from 2 weeks to 3 months. ;) |
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Do you think this will drop prices of SGC slabs at all? PSA has always had a slight premium, but maybe the gap increases.
As an SGC guy, this may be an opportunity to look at buying more in the coming year. I’ve always liked how quick SGC’s turnaround was and great service. Interested to see how that plays out with collectors. |
Aesthetics have always been the driver for me, which I think SGC's black slabs are significantly better for. Might make me rethink this going forward...
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