How worthless Beckett has become

[jprt80]

I just picked up the latest bball beckett price guide while I was in b&n the other day. they had all the blake griffin waaay underpriced. Here is a prime example. This NT patch auto has a bv of 850. Here is a live ebay auction. It is over $2600.00. Beckett's prices are so far off. Everyhting either sells for 1/4 of the bv or 6x the bv. I thinks they should go only online pricing and spend more time updating prices. On that note, do we have any bv traders w/ some blake griffins for trade.
http://cgi.ebay.com/Blake-Griffin-National-Treasures-RC-3clr-Patch-Auto-99-/130472409056?pt=US_Basketball&hash=item1e60c2f7e0# ht_500wt_922

[Italy61587]

the same thing goes for derrick rose rc autos.....yes, in the last magazine for example they have the rose topps chrome rc auto finally with an up arrow at 200 high bv but the last 3 i've seen sell have gone for 300

beckett is exactly what they say there are "a price guide" and that's it.....key word is guide

[nightbreedbeats]

Beckett has 'Up to the minute' pricing on their website. Seems a little more accurate but not 100%.
Also just because a card is selling hot NOW doesnt mean thats the value. Value is determined over long periods of time.
If Griffin keeps selling like he is now for the next 6 months then his value will rise.

[Italy61587]

Beckett has 'Up to the minute' pricing on their website. Seems a little more accurate but not 100%.
Also just because a card is selling hot NOW doesnt mean thats the value. Value is determined over long periods of time.
If Griffin keeps selling like he is now for the next 6 months then his value will rise.

Try explaining that to a stockbroker
Doesn't make any sense at all to me

[gottagitdemjs]

For the past couple years, ebay is the only "price guide" I've used. It's real market values and it's free.

[asujbl]

Beckett is the most worthless thing in this hobby - all it does is put 35% (my estimate of people that tell me they trade at BV) of collectors on a different page then the rest of us.

I've already had an encounter today - as I have a card that has had alot of interest, sells around $110, but only books $125 - so I've had 2 people tell me my asking price (which is below eBay) was insane because it is too close to book.

[nightbreedbeats]

Try explaining that to a stockbroker
Doesn't make any sense at all to me

Well what I am saying is that because the passed few months month Blake Griffin is playing better then expected, his cards are showing a rise is sales right?
Ok, so.... Even if he keeps up his great play eventually the sale prices are going level out. Therefore value is better determined by trends over a long period of time(maybe several months) when making such a 'price guide'

But if his cards keep selling for such high prices over the next year, the guide will certainly reflect that

[cavsfan]

Well what I am saying is that because the passed few months month Blake Griffin is playing better then expected, his cards are showing a rise is sales right?
Ok, so.... Even if he keeps up his great play eventually the sale prices are going level out. Therefore value is better determined by trends over a long period of time(maybe several months) when making such a 'price guide'

But if his cards keep selling for such high prices over the next year, the guide will certainly reflect that

I agree with this statement.What happens if he goes out and gets hurt next game are his cards gonna still be on fire or is all of a sudden he accident prone and nobody is gonna buy his cards again sorta like Oden.

[lambeauleap87]

Beckett has become just a terrible joke of a company. Not only is their pricing incredibly off, but even their magazines are terrible. Whatever happened to all the articles about the hobby and interesting things to read? There's not even anything to read anymore...

[whalechaser]

Try explaining that to a stockbroker
Doesn't make any sense at all to me

Actually it makes sense in the business/stock world too. Just because a company's stock is selling for a certain amount of money, it doesn't mean that it reflects the true value of a company.

One of the best examples is the recently stunt pulled by 50 cent. He twittered and got people to buy the stock in his company, so the stock for that company rose from 10 cents to 40 cents. However, the company's true value is probably worth near that. So if you don't sell your 50 cent endorsed stock now, then you'll probably end up losing money. So as a dutiful stockbroker, you would want your long term investments to be based on value. On the side, you can play the market and buy and sell according to what's hot and what's not. For example, BP stock was worth $27 back in June/July (because of the oil spill), but the company's true value was much higher, so it was a good idea to buy BP stock back then, and now the stock price is back to $49 with more room to grow still.

So in the card world, Blake Griffin is playing like a beast (just like Pfizer releasing a new drug), so prices are up, but his actual value should not be as high (rookies stuff are way overvalued by the collectors right now), hence most people buying Blake Griffin items will most likely lose money in the long run. Price and value are different things. The true value of an item is an intangible thing, but usually with the passing of time (years, decades), you can make a good estimate.

The value of my collection should be consistent no matter how much time has passed. But what I can sell my collection for varies with time and situation.

That said, Beckett IS suppose to be a price guide, so they really should do a better job with that and not be so lazy.