Cards still being outed on Blowout -- PSA 9 Monte Irvin in the recent ML

Peter_Spaeth · #1 09-17-2023, 12:37 PM

Quote:

Originally Posted by raulus

Speaking of the future, if it�s so easy to create a high grade card today, I would expect the pop numbers will start rising dramatically, and prices should fall, because the supply should easily outstrip demand. Particularly if you can spin $50 into $30,000 with so little effort and relatively few skills.

With any luck, the doctors will put themselves out of business by driving down the price for their work.

What? They've been at this for decades. Do you see prices declining?

Yoda · #2 09-17-2023, 12:53 PM

With PWCC now under new management, applying new standards to both bidders and consigners, and, hopefully, severing relations with known 'fixers', I hope the integrity of their auctions will improve. At a minimum, when receiving a highly graded vintage card, they should do their own due diligence and check Blowout to see if the submitted card has been outed.

Peter_Spaeth · #3 09-17-2023, 01:30 PM

Quote:

Originally Posted by Yoda

With PWCC now under new management, applying new standards to both bidders and consigners, and, hopefully, severing relations with known 'fixers', I hope the integrity of their auctions will improve. At a minimum, when receiving a highly graded vintage card, they should do their own due diligence and check Blowout to see if the submitted card has been outed.

Why does that apply only to PWCC/Fanatics?

raulus · #4 09-17-2023, 01:01 PM

Quote:

Originally Posted by Peter_Spaeth

What? They've been at this for decades. Do you see prices declining?

Which probably is a sign that it can�t be that widespread and/or easy to do.

Peter_Spaeth · #5 09-17-2023, 01:11 PM

Quote:

Originally Posted by raulus

Which probably is a sign that it can’t be that widespread and/or easy to do.

Don't you wish.

Among other things we are not talking about a static demand and supply curve, but huge outward shifts in the demand curve over time. As more and more examples of iconic cards have been graded over time, e.g. the 311, prices should be declining under your theory independent of doctoring or not. Not so.

raulus · #6 09-17-2023, 01:15 PM

Quote:

Originally Posted by Peter_Spaeth

Don't you wish.

Put your economist hat on. When something is easy to do and you can make bank, then everyone will rush in and start doing it.

Peter_Spaeth · #7 09-17-2023, 01:21 PM

Quote:

Originally Posted by raulus

Put your economist hat on. When something is easy to do and you can make bank, then everyone will rush in and start doing it.

There are many card doctors. Trust me. Look at all the ones exposed on Blowout and they missed or could not pin down several of the most important ones.

Peter_Spaeth · #8 09-17-2023, 01:24 PM

Quote:

Originally Posted by raulus

Put your economist hat on. When something is easy to do and you can make bank, then everyone will rush in and start doing it.

Some people may actually have morals and not do it even though they could.

raulus · #9 09-17-2023, 01:29 PM

Quote:

Originally Posted by Peter_Spaeth

Some people may actually have morals and not do it even though they could.

That�s a good possibility, although I�m not convinced that�s a factor here.

I would submit 3 hypotheses:

1) maybe it�s not that easy to do, or at least the success rate is low.
2) the sheer number of cards and issues out there means that even with widespread doctoring, the doctors struggle to meaningfully raise the relative number of high grade cards.
3) it�s not really all that well known by the general population as a route to riches.

Peter_Spaeth · #10 09-17-2023, 01:31 PM

Quote:

Originally Posted by raulus

That�s a good possibility, although I�m not convinced that�s a factor here.

I would submit 3 hypotheses:

1) maybe it�s not that easy to do, or at least the success rate is low.
2) the sheer number of cards and issues out there means that even with widespread doctoring, the doctors struggle to meaningfully raise the relative number of high grade cards.
3) it�s not really all that well known by the general population as a route to riches.

2 and 3. Not 1. Also as I posted before, constant outward shifting of the demand curve means increased supply won't reduce price.

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