Im dumbfounded as to why someone would grade a card like the Strasburg 1/1 auto out of 2010 Bowman. Because the card is "worth" so much money to people who would pay the price of a down payment on a house to own it, grading it would seem to be the worst possible idea. If it comes back anything less than a 9.5 you have already chopped some of the value off it, and if it comes back 9.5 or above, the card was already worth more than the risk to have it graded.
Funny enough, that’s exactly what happened. The guy who pulled it put it into an auction house display, and had it graded through Beckett, of course. Aside from the fact that he trusted a 20,000 dollar card to other people for any period of time, it came back a 9. There are multiple explanations that I will discuss, but I just wanted to share my half-LOL over the grade. That’s what you get. If it is indeed a protection thing, which for an auction house may be required, just get it authenticated and call it a day. Then you have the protection but not the ugly look of the completed grade. It takes away from the presentation without a doubt, either way, but at least there is no silver tag on it.
Now, onto the discussion about the grade itself.
Beckett obviously knew the importance of getting this card done the way it NEEDS to get done, instead of simply grading a card a 9.5 just because of the high profile nature of it. The problem with the controversial Strasburg Superfractor is that us "expert" graders felt that just about every aspect of the grade itself was inflated to get Beckett the publicity. If it were graded a 9 or an 8.5 like it should have been, people wouldn’t have had the reaction Beckett wanted them to have. Obviously, it backfired on them and they got smoked.
This card looks A LOT better than the Superfractor, but it got a lower grade because of the subgrades for corners and surface. Honestly, I don’t see how it could be less "super-mega-pristine-mint" than the Superfractor. Its most likely a lesser because Beckett didn’t want egg on their face for the millionth time this decade, and this is the one time that I actually see them in a no-win situation. If they grade it a 9.5, we call them out again for fucking up the Strasburg 1/1 auto AND the Strasburg Super. That’s a track record that hurts business. If they grade it anything less, its because they knew what would happen if they didn’t. Basically, there is not a way they could do it right. Even if for some god forsaken reason they hold true to their arbitrary standards and give it the grade it deserves, it doesn’t matter because they screwed, scratch that, RAPED the pooch on the previous card.
It is this argument that I have stated NUMEROUS times when going over the grading business not service. This business that Beckett has brought to the forefront of the hobby is an unregulated paid service that generates them more money than their magazine at this point. Even though Beckett has constantly addressed that their public figureheads have nothing to do with BGS, the company still has to answer for the mistakes of both. The video explaining the grade for the Super was a big mistake, the grade itself was an even bigger mistake, and it actually calls a lot of stuff into question for a lot of collectors who may not have questioned that stuff in any other scenario. If the Super was graded a 9, and this was graded a 9, you have no problem with people who don’t usually get involved. But because you have the inferior super at 9.5 and the superior red at 9, people start to question everything about everything.
Personally, this is just one card in a series of thousands that I would question. Without getting into my disregard for the entire grading process, its impossible to do it right with humans and human tendencies running the show. That’s the bottom line. To say that the graders themselves have no idea what type of shit storm they are handling each time they do a card like the Super or the red auto, is ridiculous. They know exactly what is going on and they have specific instructions. You know why? Because no regulatory body will ever question what they say. They have established themselves as THE graders, and they have also made it abundantly clear that we have NO right to question them. Well, no. Fuck them.
This is where your questions and concerns finally show them that they are not an unquestionable titan.
Tuesday, July 13, 2010
The Grade Is In On The Strasburg 1/1 Red Auto
Wednesday, June 23, 2010
BGS "Discusses" The Strasburg Grade - FAIL
Its rare that a card like the Strasburg superfractor comes around. I have no idea why anyone would even think of grading this card to begin with, but the seller fell for Beckett's black magic and submitted it. As I predicted ahead of time, despite obvious problems, the card received a 9.5. People who know grading, rightfully so, went ape shit because of the fact that the card was so obviously bumped because of its stature. As always, Beckett's arrogance moved them to post this video on youtube for everyone to see. They actually thought they could prove the card was legitimately the grade it received, when really all it did was solidify everything that angry graded card collectors were saying. Basically, the Strasburg was not a 9.5, and probably wasnt even a 9. However, for a company that exemplifies everything that is bad about the hobby, it wasnt about anything more about making money and making themselves look good. Epic Fail all around.
Tuesday, June 22, 2010
Discussing the Grading BUSINESS Again
UPDATE: THE STRASBURG SUPER HAS RECEIVED A 9.5 AS PREDICTED. PLEASE CONSIDER THAT POINT AS YOU READ THIS ARTICLE.
I think its time to revisit the grading discussion, because this Strasburg card is about to get a lot of publicity for BGS, and I have a feeling they knew what the card's grade was before it was even submitted. I have always been a person who has rallied against the grading of cards by organizations like Beckett and PSA, because so many people don’t see the obvious conflict of interests that are inherantly present in running things the way they are run. Grading is a business, and from what I have been told, it is the most profitable part of each of the companies that do it. The problem is, so many people refuse to question anything that is set in slab, and that is the main reason why I feel it is necessary for me to comment on this for the hundredth time.
Grading was started back in the 1990s to help combat fraud for people who were just starting to buy and sell on the dark ages of the internet and eBay, but has turned into something completely different. Because the service offers ABOVE mint grades for some reason, people have started to use it as a way to bolster value on a card that would normally sell for lower prices. Its rarely used for modern cards in a way that echoes the original intent of the service, but that can be expected from the end user. Its kind of odd that BGS has actually started to cater to that crowd in recent years, and that is the reason why things are getting so out of hand. It has everything to do with the fact that BGS is a subsidiary of a magazine that has no relevancy in the hobby anymore, and the grading BUSINESS is the one thing that can do for circulation numbers what a slab would do to a raw card.
Based on this fact, I want you to start to think about the conflicts of interest that creates. You need to create repeat customers, and how do you do that under most normal business circumstances? Without a doubt, you do everything in your power make the customer happy. How do you make the customer happy in this sense? Well if you have a customer that repeatedly sends in huge orders, why not give him a little bump, right? He has a bunch of cards bordering that elusive 9.5? Well, get him that 9.5 so that he keeps coming back. I remember a while ago someone actually did an experiment with PSA and found that larger orders averaged better grades on the same cards than a smaller or individual order. Its common sense that this would happen, so why doesn’t anyone consider it to be a problem?
The reason is because when you think of the perceived legitimacy of the slab itself, there is no reason to question a result, unless it is unfavorable. If you are lucky enough to get a 10 on any scale for your card, no person in their right mind would ever resubmit it just to check and see if it could be duplicated, right? So, if a company wanted to bump a few orders for a VIP, no one would ever come back to them and say what they think is actually going on. Where is the need?
I still havent gotten to the meat of the conflict of interest though, and here it is. Because there is no governing regulatory industry that offers inspections on the different services, companies have no responsibility to their customers to provide accurate services. Because the service is run and performed by humans in the first place, bias is unavoidable, and therefore puts doubt into the whole process. Ill give you an example. Look at the BGS 10 Montana that was the talk of the town last time the National Card Show rolled around. It sold for $19,900 more than a raw one and tens of thousands more than a 9.5. Its funny how that type of occurrance hits the news during the biggest card show of the year. Not only that, but who is to say that it wasn’t manufactured publicity? Its pretty easy to make a Montana 9.5 a 10, mainly because Beckett has singlehandedly created an above mint culture in the hobby. Can any normal casual buyer make a case why a 9.5 is a 9.5 and a 10 is a 10? No. In fact, there probably isnt a person that can make a case like that in most instances.
Then when you see the publicity it got for a company that desperately needed it, the conflict of interest that grading presents becomes much more clear. There is no agency that will come and knock down Beckett's door if they grade the card "incorrectly," so why not give yourself some free advertising?
I also think its worth mentioning that both services do offer crossover grading, which is basically a way for collectors to beef up their grade gotten from another service. Funny how that is. There has also been a surge in slab crackers, or people that take poor results and resubmit multiple times for better grades, in recent years. Because there is so much subjectivity and arbitrary situations that are part of the service, people like this can get the result they want if they try enough times. If grading was the service it advertised, that type of problem wouldn’t happen.
Although there is a standard of grading, or so Beckett and PSA say, there is no doubt in my mind that this Strasburg 1/1 will be graded at least a 9.5 for the exact reasons I just mentioned. No magazine without customer responsibility would invite that kind of negativity about a card that is so important to their success. However, due to the off centered print of the card, they may be asking for a lot of people to start shouting my concerns from the rooftops.
Is there a place for grading in this hobby? Sure. Beckett has created that on their own. People value graded cards. But those cards have holes, and its important that some people realize that before dropping thousands on a "pristine" copy of a card they love, because that pristine card may be pristine for a reason other than its condition.
Monday, June 21, 2010
Buyer's Remorse? Strasburg Superfractor BACK on eBay
I said before that it was ridiculous that anyone would pay as much as that guy did for the Strasburg superfractor. Who would've guessed that it would take a whole 6 weeks for the Strasburg superfractor to be relisted? Not only is it already climbing fast, but it ends on the same day as the Red Auto 1/1. Obviously the guy who bought it A) is trying to captialize on the publicity, and B) doesnt understand that he is going to get shredded by the red auto.
On second thought, maybe I should go grade my kid. I think it may accomplish just as much as grading this card. At least that way, if I ever find out he was a twin, I can find out which is in better condition.
Monday, December 28, 2009
How Not To Handle One Of the Most Valuable Cards Ever Made
This card was posted on Blowout's Twitter feed earlier today. I am in total shock as to the content of the card, but more importantly what someone (possibly the seller) did to this card. Take a look at the auction first, as the seller sure did a major hype job in the description -rightfully so.
Wednesday, November 18, 2009
Another Comment On Grading
Chris over at Blowout Cards just tweeted on Beckett's story that a near "perfect" Michael Jordan Fleer RC has sold for over $200,000 per the people over at Scamville, USA. Let me respond by saying that this is further evidence that shows grading is about as subjective and arbitrary as PSA and their autograph fraud detection services. Basically, a guy in texas gets a good copy of a Jordan RC in for "grading." After seeing that it is a good copy, he has a choice - as a human being - about how to continue with "grading" the card. I mean, there is very little concrete differences about what can be a 9.5 and what can be a 10, and no one would ever question a good grade on a card like that, so who is to say he doesnt act with bias.
Wednesday, August 19, 2009
More Craziness Over Subjectivity
Mario posted recently about the Jordan rookie BGS 10 that has popped up on ebay with a feeding frenzy in tow. Wow, already over $50,000, right?
The question I have is whether or not we should actually trust that these cards are not just publicity stunts that have benefitted one fortunate collector. Since one cannot challenge the subjectivity of the grading process without destroying an obviously valuable piece, it falls on the shoulders of the buyers to avoid those cards .
As soon as Beckett created a higher-than-mint grade, we should have already questioned whether this was the point of the grading process in general. If you look at the cards that get the 9.5s and 10s over the 9s, even with a magnifying glass, show me the difference in grade between each of those levels. Each of you would have different answers. Considering the grading process was created as a service to help with internet buying, why should we believe that the graders have the means, as well as the expertise, to tell us when some piece of cardboard has exceeded the worldwide standard of mint? On the post, one of the commenters suggested this is a "we go to 11" type of standard to differentiate their process from others, and I wholeheartedly agree. As a result of this, when a card like the Jordan and the Montana receive those types of grades, things go nuts. If not only because it is publicized by the company that is responsible for the service. With that understanding, we should not have faith in the people known for having more conflicts of interest than any other hobby company in history. By giving a card that grade, especially one like this Jordan, having a system that prevents people from questioning the result, and the fact that Beckett receives almost national attention, its easy to see why its beneficial to manufacture an event like this. Obviously, the Jordan was graded a while ago, but it hasnt come up for sale since that time. Now that the Montana has sold for crazy go nuts prices, this card was sure to follow.
One of the things we have to realize is that there is not a specific standard that applies to each card without subjectivity. In the end, its always a human with emotions who makes the decision. Obviously when you price, sell and advertise these cards as well as providing the service itself, things are going to get suspicious with every public result. So, if a 10 to one person is a 9.5 to another, why do we allow these stunts to continue to grab our attention? As buyers, in an age when digital cameras and scanners are in the 10 megapixel range, this type of service isnt needed any more. Add in that most of the valuable modern cards are worth what they are regardless of condition, mainly due to contrived scarcity, the grading process then becomes even less of a necessity. As of now, the only reason to have this service is to allow people to exploit the grades they get for more money, make more money for a failing magazine, and to give another way for people to wrongly invest money in a medium that has a subjective element.
Until grading becomes more than a guy in texas examining your card, it will never be a worthy expense. Save yourself $80,000 and go buy a regular card. It will look just as nice, I promise.
Saturday, July 25, 2009
Beckett Grading Has Issues
Check out this thread on SCF about a member getting their cards jacked from Beckett's grading service. Considering the shear stupidity of grading cards in the first place, I am tempted to give a big I told you so. However, I still feel bad for him...
http://www.sportscardforum.com/showthread.php?t=855165
Tuesday, June 2, 2009
A Comment On The Montana BGS 10 Sale
I just want to leverage the Montana BGS 10 against some very interesting information that was briefly discussed by Mario in his write up of the recent auction. First off, we know that the Montana was graded at the national convention by an "anonymous" person who didn’t want the publicity of having the only 10 ever graded. As Mario mentioned, this person was long thought to be associated with Beckett, and used that relationship to his advantage in the grading of the card. Sean Storms, the current seller of the card is opening an eBay business that specializes in the inventory that will provide BGS with some very important cards and clients. Add this all together, in addition to the history of one of the douchebaggiest companies known for providing favorable grading treatment to their large customers and friends, and you have a large scale scam that may have cost a buyer $65,000.
First off, lets discuss a little bit about BGS and PSA grading, and the incredibly subjective grading that they put cards through. Mario mentioned that it is so subjective, that collectors have made a practice of cracking holders and resubmitting cards for better grades. Now, I discussed a while ago about PSA offering better average grades for larger orders than it does for customers who use the service once in a blue moon. BGS has been largely accused of the same practice, mainly because they supposedly spend less time on individual pieces from larger orders, and that large volume customers can often be driven away by the lack of good grades. This leads to higher grades on the cards, and only exacerbates the scam.
BGS is a business just like every other part of this hobby, and provides no responsibility to offer expert services to collectors. The only responsibility they have is to making money, which at this point is a major focus for the failing magazine. Basically, if they screw up, they don’t answer to any regulatory body, and many collectors enjoy the extra preferential treatment they get due to the inflated values of the cards. However, most lay people are unaware of the subjectivity and often take BGS and PSA as gospel with their grades. Really, if you examine a BGS 10 with a BGS 9.5 through magnifying glass, there is usually no difference in the card itself. It could be that one grader had a good day, and one had a bad day. Then, factor in the size of the original order, and you have your result.
I am not saying that 10s don’t exist outside of big orders and valuable customers, but most of the time, that’s the way it turns out.
Lets go back to the Montana for a second. Lets say that they get a great looking Montana in at the national, and have a quick conference. The person submitting the grade is a "friend," and the publicity generated in the hobby from finding the ONLY Montana 10 out there is pretty huge. Plus, if anyone were ever to examine the card, there are no legit ways to prove the difference between a 10 and a much less valuable 9.5. We know that the anonymous grade getter made 25K off his card, the price of a mid ranged car, and as many of us know, money drives this hobby. At this point I am casting every bit of suspicion I have at the evil empire, because they have every reason to use this as a great advertisement for BGS.
It comes down to the fact that all is never what it seems with Beckett, and this will ultimately lead to suspicion of douchebaggery. For those of you out there who still have faith in the magazine that seems to gaff on a daily basis, your day will come. Trust me on that, it always does.
Wednesday, April 8, 2009
Funny BGS Auction
One of the readers, Chris, sent in this funny auction that I think exemplifies my love for BGS. Thanks for the Email!
Tuesday, March 24, 2009
A Comment On Grading and Idiots
I just want to write a comment on grading, again. See, Im not sure people really get the concept of when to grade cards, especially cards that would have no reason to be compared in terms of condition. Besides the fact that grading is completely subjective and arbitrary, sometimes problematic ethically, and generally a crook's business, there are still a few reasons why you should and shouldn’t grade a card.
When you look back at grading, it was created FOR eBay. Despite what the official tag line is, grading was created for people who were buying in a marketplace where direct examination of the item they were buying was usually impossible. What that similarly created was a marketplace of cards that competed for the highest grade, and on top of all that, sold for hundreds if not thousands more than a raw version of the card would go. Add in the fact that Beckett single handedly created a new genre of condition with "gem mint" and number grades, instead of going with the condition guides of mint, near mint, blah blah blah, and you can see where the conflict of interest starts.
Rather than going into that long discussion of Beckett and their ethics, or lack there of, I want to discuss which cards should be graded in this day and age. There is quite a short list of cards that are worth your time, actually, and here it is:
1. generally mass produced rookie cards with or without autos (note the mass produced lingo)
2. vintage cards
3. bowman chrome cards or other prospecting ventures
4. certain numbered cards that would normally not be in good condition
That is it. There are certainly exceptions to the rule, but there are also cards that should never, ever, EEEEEVVVVER, be graded.
1. 1/1 cards
2. cards with extremely low print runs (excluding prospectors)
3. logo patch cards
4. printing plates
5. cards that would gain nothing from a high grade (junk)
6. cards that could never be replicated
7. condition sensitive cards that will SURELY get a horrible grade (IE sweet spot cards or absolute cards)
You may ask why this list is what it is, and well here is the basic explanation. If a card has a print run of 1, 10 or even 25, there is no reason to expect that grading would do anything for the card. Even if the card would get a good grade, the subjectivity of the process should discourage anyone. Usually if your card has a low print run, its worth a considerable amount of money. Also, cards with low print runs are not usually made with condition in mind for the sole reason that a gem mint grade would not do anything for them. This means that when you grade your card, you can only hurt it, not help it.
Ill give you an example:
You have a Tiger Woods patch auto from exquisite of this year. You inspect it, you look it over, and you decide to give it a shot with BGS. As far as we know, there are only 5 tigers, and this is one of those number two's from the list above. Most likely, the Tiger would get a 9 or below, and you would be stuck with a card in a ridiculous holder, a bad grade, and no ability to take the risk in cracking it for fear of damaging the card. You have damaged the value of your card for sale, and there is no way around that. Granted, Beckett would probably be selling the card for you anyways, because if you were stupid enough to grade it, you are definitely stupid enough to give it to Beckett to sell.
On the flip side, lets say you get a 9.5 out of it. Was it really worth the risk of shipping it to the facility, having the card in someone else's hands, sending the card back to you, and getting a bad grade, all for a few extra bucks? Probably not. Would it getting a good grade be that much of boost in price? Someone who wants this card, probably wouldn’t care about the grade, but may care about that awful holder. Since there are only 5 other tigers, is condition even that much of a factor? No, especially when Exqusites are more about the auto and the jersey than the condition of the card. In fact, the card stock is so thick, there are that many more places for dings to happen without being seen by the naked eye.
Here are a few eBay examples:
This card is a Tiger Woods buyback auto jersey /8. This card is worth a fuckload of money, and I am only using it to show what I mean from the above example. The person, unbeknownst to me, decided this card was worth grading. Im not sure why. That card is not worth the risk, for the sole reason that it came back the way it did. I know I would much rather have this card in a nice magnetic holder than in the holder it is in right now, most people would probably agree. Add in the fact that it came back a 9, and there is that much more reason to dislike this version of the card. If it had come back 9.5 would it have made that much of a difference? Probably not. Why take the risk, idiot?
The second card is a similar card in that it is a 1/1 that came back a 9. Why in the world would you expect a leaf limited card to come back with a good grade, let alone a grade that would help your sale? Total crap.
I encourage you to go on eBay and take a look around. Search for BGS 1/1 and see all the different idiots who graded their printing plates or other cards that are now ruined. You wont get any of the idiots who graded their sweet spot autos, or graded extremely rare cards, but you will get the point.