Monopolies are never good for consumers. I miss the days when all the companies made cards so it forced companies to be creative and provide the best prices.
The question is are they going to overprint the products with the lottery based angle where 99% of the cards in the products are worthless but the high end is worth a ton. Need reasonable parity or collectors will be gone.
The same focus on collectibles is taking place at Gamestop..it looks like theyll be a market maker in vintage sealed wax and they will continue to get better allocations from the manufacturers. Having a publicly traded company that has 4.6 billion in cash focus on the Hobby…. WOW. Geoff i hope youre looking at what RYan Cohen is doing. I didnt know this channel existed, this is great!
Can you do an update video on the antitrust lawsuit between Fanatics and Panini? From what I have read, it looks like Panini may have a pretty good case
I swear there is nothing you can report on that people won’t be negative about. If the hobby is profitable and healthy people complain. If the card prices are crashing, people want to blame fanatics and complain. There is nothing pleasing most people. I would rather the sports card industry be highly profitable and popular over it being niche and barely scraping by.
You think that a company that has a monopoly over our hobby going public is good for the hobby? Fanatics and Rubin want to make the company look crazy profitable so that they can take it public and make a boatload of money/net worth. Once the company is public, the fundamental priority is not doing what is good for the hobby/collectors--instead-that is replaced by an obligation to shareholders--many of whom won’t know a thing about cards. Once there is an obligation to shareholders-you can expect prices to be raised and jobs to be cut-both in quality control and customer service. Just ask anybody that has a long term history of going to vegas. When the hotels/resorts went from being privately owned individual properties to being owned by a couple huge publicly traded corporations-it changed for the worse. All of the prices skyrocketed (dining, hotel stays, they charge for parking, daily resort fees, lowered the quality of drinks…) and the level of service went down. This is not being negative-this is reality. I assure you that Michael Rubin and people that currently have a deep stake in fanatics are very excited about these numbers. The hobby certainly has a right to weary.
@@ryanra44 You watched a 30 minute about a topic video but are unwilling to read a paragraph or two about the same topic? If you are unwilling to learn-that;s your loss-not mine. Enjoy your day.
My only wish as a collector is the complete ban on redemptions. All advertised cards should be in the box when shipped. Only advertise a card once the athlete has already signed it. In my opinion redemption is a form of false advertising since there is no guarantee that you will receive the actual card that they promised. I have been collecting for over 20 years and I can't count how many redemption cards I have pulled that I did not receive the actual card. They usually just give you something else after a year or so with a weird excuse.
Then the majority of products will never come out on time with the best rookies in every set. Topps has already said they have cut redemptions down by 80% in the last few years.
Your also assuming people continue to fall for fanatics shenanigans like the Ohtani 50/50 and topps now chases. If people get smarter, fanatics will have to be a more savvy with products to keep people coming back. Outside the mlb debut patch (that was introduced 2 years ago) what innovation have they done since? All I see is them pumping more and more products with higher and higher production numbers. Innovation has been a loose term with the exception of the fore mentioned mlb debut patch. Stealing ideas from competitors (helix/colorblast comes to mind) is not innovation, and it's actually shows how lazy and complacent they can be.
Wow. What an optimist. Why should we expect anything better than what we are seeing already? Clearly they have found out they can make money off the collector without innovating and will continue to do so. Also a 4x growth in the past few years points to me that the market may be bloated at the moment and may be in danger of contraction.
So real question: Will you keep streaming on whatnot if they don't serve a real punishment to Grant Telford by banning Backyard Breaks from the platform. The banned his backyardgrant channel but not the ones he makes all his money from and not the one he actually made the comments on. People like you need to hold companies like whatnot accountable for what's right. A boycott on streaming between you and a few large breakers on the platform would go along way to getting Grant blacklisted from the hobby. It's sad how many large influencers haven't come down much much harder already. Use your platform for good.
There are literally laws written to stop monopolies. If Jeff could give an example where a monopoly was beneficial to the customer it would be helpful.
interesting insights. People forget Topps was a candy company which kept eyes off the cards / gaming business. What happen to the Candy company? Cheers
The most significant factor in the potential growth comes from outside the hobby. If the economy grows, this is all great. However, I could see luxury expenses like cards and collectibles going through a rough patch if we have a recession. Only time will tell.
It must be a very exciting time to be a breaker. I would love to know how breaking impacts these # in that 1.6b. I’m sure it’s pretty eye opening. If I were Rubin I would have a team of guys/girls just there to cater to those needs and maximize that $$
Really. Who cares a private company has made or their growth portflio. My friend, if they are focusing on cards, it’s the doom of your industry. Your distinction between your business and Fanatics is false. Between fraud and quality and the gratuitous pricing out of 99% of the customer over the past year or three; your msg comes off as shilly, not supportive. Make no mistake, what you talk of as so brilliant, is threatening your business and livelihood. Wake up bro.
I’m not in the card selling business at all whatsoever I just collect cards for the love of it all my favorite players and players I like. I hope they start making patch cards with actual game used jerseys from the actual player on the card.. Patch cards that are not from any event I won’t even buy and auto patch cards with a worthless patch on it I won’t be buying those either.. I’d rather just look for the auto it’s probably cheaper anyway because it doesn’t have that magnificent worthless patch on the card 😄
That’s ridiculous. They’re not in it for the hobby. When you 5x the income charging the amount they are for hobby boxes n retail. Because they wanted to tap into the secondary market. That truly makes me want to leave the hobby. N I love baseball cards.
Lol L take coming from a proxy of Topps 😂🤡 of course you would push this narrative becaues it makes you richer! If anything you hitching your wagon to Topps only brings up questions regarding your ethics. Especially when trying to promote a "unbiased" hobby related software/apps "representing trustworthy" hobby information and or valuations! 🤔🤔🤔
Monopolies are never good for consumers. I miss the days when all the companies made cards so it forced companies to be creative and provide the best prices.
I agree, I miss Fleer vs Upper Deck vs Topps vs Skybox
The question is are they going to overprint the products with the lottery based angle where 99% of the cards in the products are worthless but the high end is worth a ton. Need reasonable parity or collectors will be gone.
The same focus on collectibles is taking place at Gamestop..it looks like theyll be a market maker in vintage sealed wax and they will continue to get better allocations from the manufacturers. Having a publicly traded company that has 4.6 billion in cash focus on the Hobby…. WOW. Geoff i hope youre looking at what RYan Cohen is doing.
I didnt know this channel existed, this is great!
I think the numbers are rigged, I dont trust Fanatics,
Future is bleak for collectors.
If there is no competition, there will be no innovation.
Can you do an update video on the antitrust lawsuit between Fanatics and Panini? From what I have read, it looks like Panini may have a pretty good case
I really don’t know enough about that. Would be interesting to interview an attorney.
@@itsgeoffwilson I would love to watch you interview Paul Lesko about it!
Forget Paul, call Saul Goodman!
Bringing the family to Cards HQ next month.
Sooooo excited 🎉🎉🎉🎉🎉
From Charleston WV….
To Atlanta,bout 8hours
I swear there is nothing you can report on that people won’t be negative about. If the hobby is profitable and healthy people complain. If the card prices are crashing, people want to blame fanatics and complain. There is nothing pleasing most people. I would rather the sports card industry be highly profitable and popular over it being niche and barely scraping by.
So annoying I know. People are amazing just pissed off in general
@ yup
You think that a company that has a monopoly over our hobby going public is good for the hobby? Fanatics and Rubin want to make the company look crazy profitable so that they can take it public and make a boatload of money/net worth. Once the company is public, the fundamental priority is not doing what is good for the hobby/collectors--instead-that is replaced by an obligation to shareholders--many of whom won’t know a thing about cards. Once there is an obligation to shareholders-you can expect prices to be raised and jobs to be cut-both in quality control and customer service. Just ask anybody that has a long term history of going to vegas. When the hotels/resorts went from being privately owned individual properties to being owned by a couple huge publicly traded corporations-it changed for the worse. All of the prices skyrocketed (dining, hotel stays, they charge for parking, daily resort fees, lowered the quality of drinks…) and the level of service went down. This is not being negative-this is reality. I assure you that Michael Rubin and people that currently have a deep stake in fanatics are very excited about these numbers. The hobby certainly has a right to weary.
@ nobody is reading the book you just wrote. If you can’t get your point across in a few sentences, don’t waste your time
@@ryanra44 You watched a 30 minute about a topic video but are unwilling to read a paragraph or two about the same topic? If you are unwilling to learn-that;s your loss-not mine. Enjoy your day.
Going public seems like a recipe for overproduction.
Like Wizards of the Coast when Hasbro acquired them.
My only wish as a collector is the complete ban on redemptions. All advertised cards should be in the box when shipped. Only advertise a card once the athlete has already signed it. In my opinion redemption is a form of false advertising since there is no guarantee that you will receive the actual card that they promised. I have been collecting for over 20 years and I can't count how many redemption cards I have pulled that I did not receive the actual card. They usually just give you something else after a year or so with a weird excuse.
Then the majority of products will never come out on time with the best rookies in every set. Topps has already said they have cut redemptions down by 80% in the last few years.
Your also assuming people continue to fall for fanatics shenanigans like the Ohtani 50/50 and topps now chases. If people get smarter, fanatics will have to be a more savvy with products to keep people coming back. Outside the mlb debut patch (that was introduced 2 years ago) what innovation have they done since? All I see is them pumping more and more products with higher and higher production numbers. Innovation has been a loose term with the exception of the fore mentioned mlb debut patch. Stealing ideas from competitors (helix/colorblast comes to mind) is not innovation, and it's actually shows how lazy and complacent they can be.
Wow. What an optimist. Why should we expect anything better than what we are seeing already? Clearly they have found out they can make money off the collector without innovating and will continue to do so. Also a 4x growth in the past few years points to me that the market may be bloated at the moment and may be in danger of contraction.
So real question: Will you keep streaming on whatnot if they don't serve a real punishment to Grant Telford by banning Backyard Breaks from the platform. The banned his backyardgrant channel but not the ones he makes all his money from and not the one he actually made the comments on. People like you need to hold companies like whatnot accountable for what's right. A boycott on streaming between you and a few large breakers on the platform would go along way to getting Grant blacklisted from the hobby. It's sad how many large influencers haven't come down much much harder already. Use your platform for good.
There are literally laws written to stop monopolies. If Jeff could give an example where a monopoly was beneficial to the customer it would be helpful.
I do agree that it is good news that the business of cards is this profitable. It means they will want to continue to invest and grow it
Very interesting it's nice you know that there's still ways for collectors to keep collecting as long as we are willing to adjust or adapt accordingly
interesting insights. People forget Topps was a candy company which kept eyes off the cards / gaming business. What happen to the Candy company?
Cheers
The most significant factor in the potential growth comes from outside the hobby. If the economy grows, this is all great. However, I could see luxury expenses like cards and collectibles going through a rough patch if we have a recession. Only time will tell.
Yes, good point
No recession....Trump is handling bit ness
Doesn't mean anything they're greedy used to be nice when companies cared about their customers and not how much they can screw them out of money
As someone who only collects singles, I’m so glad I’m not directly giving Fanatics my money
Does this mean there won’t be any more downtowns for football?
Panini card designs are hands down better than anything Topps comes out with unfortunately. NFL and NBA Prizm silvers look so good.
Wait, Fanatics' rights monopoly is *good* for product innovation?
How can anyone make that argument with a straight face?
It must be a very exciting time to be a breaker. I would love to know how breaking impacts these # in that 1.6b. I’m sure it’s pretty eye opening. If I were Rubin I would have a team of guys/girls just there to cater to those needs and maximize that $$
Really. Who cares a private company has made or their growth portflio. My friend, if they are focusing on cards, it’s the doom of your industry. Your distinction between your business and Fanatics is false.
Between fraud and quality and the gratuitous pricing out of 99% of the customer over the past year or three; your msg comes off as shilly, not supportive. Make no mistake, what you talk of as so brilliant, is threatening your business and livelihood. Wake up bro.
Is Topps taking business from Panini or growing the industry? I hope growth in the industry
I’m not in the card selling business at all whatsoever I just collect cards for the love of it all my favorite players and players I like. I hope they start making patch cards with actual game used jerseys from the actual player on the card.. Patch cards that are not from any event I won’t even buy and auto patch cards with a worthless patch on it I won’t be buying those either.. I’d rather just look for the auto it’s probably cheaper anyway because it doesn’t have that magnificent worthless patch on the card 😄
Topps already uses game used patches. That’s panini that uses that garbage
That’s ridiculous. They’re not in it for the hobby. When you 5x the income charging the amount they are for hobby boxes n retail. Because they wanted to tap into the secondary market. That truly makes me want to leave the hobby. N I love baseball cards.
Need upper deck back in the other sports
This is way worse than the 90’s Junk Wax, just openly scamming people for their money
Unfortunately, they are doing this on the back of turning cards into a gambling product.
Si you care about the only part that affects you directly everything else affecting millions is ok because it doesn’t affect you smart man 😂😂😂
Monopoly
Nothing has improved in with topps besides production. Y9u want innovation kill the Monopoly
Junk era incoming.
Lol L take coming from a proxy of Topps 😂🤡 of course you would push this narrative becaues it makes you richer! If anything you hitching your wagon to Topps only brings up questions regarding your ethics. Especially when trying to promote a "unbiased" hobby related software/apps "representing trustworthy" hobby information and or valuations! 🤔🤔🤔
We need you to buy BECKETT1