Fred Bear
Verified Trader,
...if one of the 'new' grading companies came out with a video detailing their process and publicly crossed over a PSA/BGS card valued at $100k+?
I get that this would be a pretty significant undertaking, but it's unclear to me how they expect to gain trust, adoption, and respect in the market place if they aren't willing to bet on themselves in some significant way. [In all seriousness, Collector's Universe had revenue of $78M last year, so buying even a $400k Jordan RC only represents less than 1% of revenue. Sure, that didn't all come for sportscard grading, but my point is that if $400k is going to break your company, you're not a serious alternative anyways.]
To ask the question in maybe a slightly different way -
Would you trust a 'lower-tier' grading company more or less knowing that they crossed over a PSA 10 1986 Fleer Michael Jordan RC to their version of 'Gem Mint' explaining publicly what they looked for and how it got that grade or even down-graded it by maybe a half a grade and publicly explained why it was downgraded?
Personally, I feel like that would push that company into the conversation more than just a little bit...
Thoughts?
I get that this would be a pretty significant undertaking, but it's unclear to me how they expect to gain trust, adoption, and respect in the market place if they aren't willing to bet on themselves in some significant way. [In all seriousness, Collector's Universe had revenue of $78M last year, so buying even a $400k Jordan RC only represents less than 1% of revenue. Sure, that didn't all come for sportscard grading, but my point is that if $400k is going to break your company, you're not a serious alternative anyways.]
To ask the question in maybe a slightly different way -
Would you trust a 'lower-tier' grading company more or less knowing that they crossed over a PSA 10 1986 Fleer Michael Jordan RC to their version of 'Gem Mint' explaining publicly what they looked for and how it got that grade or even down-graded it by maybe a half a grade and publicly explained why it was downgraded?
Personally, I feel like that would push that company into the conversation more than just a little bit...
Thoughts?