Hobby Quick Hits Ep.183 Comps Adjusted..Mission Accomplished??

SPEAKER 1: Hobby quick hit delivering that breaking hobby news directly to your airline.

SPEAKER 1: I know those had dropped from my card. She, we've got you covered with your host, John, a new man.

SPEAKER 1: Welcome to episode 1, 83 of hobby. Quick hits and a recent hobby. Quick hits. I talked about adjusting comps and how I got lacked and how it cost me, I believe or partially was responsible for two bad shows I had in a row and, I obviously got my price going out and adjusted comps.

SPEAKER 1: Well, I did my first show since adjusting comps and today's episode is gonna be whether or not it made a difference or not. So, that's today's episode.

SPEAKER 2: Ok. Now a quick word from our great sponsor followed by the new product release schedule. Then we'll go around the hobby verse to tell you all the latest hobby happenings and news. Then we'll tackle today's topic of discussion.

SPEAKER 3: Hi, this is Pat Hughes Cubs announcer. Coming to you from the sports card shop in beautiful New Buffalo. Michigan. The goer family has built an incredible place here for collectors to buy, sell and trade cards and memorabilia. Be sure to stop by and let them show you around the sports card shop.com connecting sports athletes, the hobby and collectors around the world.

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SPEAKER 5: Let's check out this week's hobby wax releases.

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SPEAKER 5: Max.

SPEAKER 5: Hey guys, it's Max from the sports card shop in New Buffalo, Michigan and Valparaiso bringing you guys these weekly releases for the next couple of weeks here. Starting off. We got on the 16th, we have 2023 Panini contenders football and 2023 Leaf Eclectic Baseball on the 17th as well.

SPEAKER 5: 2024 Panini non baseball. 2024 Panin stars and stripes. Baseball H two tw, 2024 top Scrum baseball blasters, the lights, hobbies, Jumbos and also 2023 24 upper deck A HL hockey.

SPEAKER 5: And on the 19th we have 2023 Pan Downers Optic football. 2024. Pee. Prism WWE 2024 pee Select racing in 2024 wild card five draw. Baseball.

SPEAKER 5: All right. Also we have on the 24th, 2023 24 Panini Prism, Copa America Soccer.

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SPEAKER 5: And we also have the regular hobby for that product as well on the 24th. And then we have also 2023 24 upper deck allure hockey and 2023 24 upper deck SPX ho Hockey. And on the 26th, finally, we have 2024 tops.

SPEAKER 5: Chrome, use Olympic and Paralympic Hopefuls. 2024 25 upper deck MVP Hockey. And that will be it for these next couple of weeks here. I appreciate you guys tuned into the show and I hope you enjoy the rest of it. Thank you.

SPEAKER 5: Let's go round the hobby verse and catch up on this week's.

SPEAKER 1: Hobby news and find out.

SPEAKER 1: All right, folks, let's start with the big news story in the hobby, but I have a feeling very few of you have not heard this yet. But let's, let's give a little more details, about it as they start to, matriculate in the Dallas robbery from the Dallas Card show, 100 60 cards, valued at just under 2 million, belonging to Ish Jane, of Legacy Cards.

SPEAKER 1: A widely, well-respected dealer, most, accounts, report him as a, a nice guy. I have bought a couple cards from him actually at a Dallas Card show a couple years ago. There's video, Kyle Robertson, the promoter of the show, has plenty of video cameras.

SPEAKER 1: So, there's, there's video of the four or five people involved in the heist. It was really pre preplanned and scoped out and, they used a distraction, method. Ashish himself is offering a $70,000 reward, for information that leads to apprehension and, also return of, of the cards.

SPEAKER 1: And now the FBI is involved with, with the car. So I'm hoping, like probably most people with a kind heart that this has a happy ending and that the people who did this get what they deserve.

SPEAKER 1: You know, one of the things, I was talking about to a few other people in the hobby on some other shows is, it seems like a lot of times they catch these folks that commit these hobby crimes and they seem to get slap on, slap on the wrist, including one case where the criminal didn't even really have to pay back what he stole.

SPEAKER 1: There's a lot of new criminal laws on the books, in, in the legal, side of, of life, bail reform and, you know, less, less harsher penalties. And so hopefully, just deserves, you know, hopefully has a happy ending and hopefully the people who did this heinous crime, get what they deserve.

SPEAKER 1: Hey, we're, if you're listening to this on Release Day, here on Monday, we're nine days, we're in single digits away from the National Cops has announced that if you have a redemption that's over 100 days old and you're tired of waiting for it and it has at least $100 value. And you can combine these redemption cards that make the $100 value.

SPEAKER 1: You can exchange it for a sealed box called the Tops exchange box. And in that box, there is a autograph card from a previously released tops product that wasn't claimed and that value will be anywhere from a minimum of $50 to a high of $7500.

SPEAKER 1: So if you have $100 in, in agreed upon value between you and tops, you can trade that redemption card and stop waiting for it for one of these Tops exchange boxes with a guaranteed value of anywhere from 50 to $7500. Sort of seems very reminiscent of the white boxes that Panini did.

SPEAKER 1: So heritage has announced midway through 2024 their auctions have raised 924 million dollars, almost $925 million. They have been around for 48 years. This is an all time high at the midway point of their year and one last smaller story, but loop still still around, still hanging on.

SPEAKER 1: They're announced that there can be collector to collector sale, so you're in a break and yet you, you know your team or your break, whatever you own in the break hits something, someone else watching, you can actually sell it. Peer to peer, right on the site. Something that's never been, they've never done before. So added element to, to loop collector, to collector, buying and selling no to president.

SPEAKER 1: All right. On the last episode of Hobby Quick hits. I talked about how I got lazy, changing my comps, lazy slash busy, changing my pricing on my show inventory. And then I had a couple not so great shows. And so I, I mentioned on that episode that I was going to go through my showcase inventory and update pricing more, in line with the comps, which they weren't all before.

SPEAKER 1: Now, I didn't have to change every price. Some, some, you know, everything doesn't always go up and down but went ahead and changed, some pricing and, and full. There was even a card that was marked $250 that is really an $80 comp.

SPEAKER 1: And that, that really right there folks is just an example of how sometimes pricing can change that quickly. Right. So that card, was re repriced obviously along with, many others. Now, I have a lot of plastic BC W boxes that are on my table with thousands of cards.

SPEAKER 1: So, you know, to price reprice all of that, it's difficult but I didn't order a sign, kind of a stand up plastic sign that I put on the table that houses those BC W boxes with, which says take 20% off additionally off any Mark Price. I also have little toiles where I can up that to 40 50% whatever I choose.

SPEAKER 1: So I went through and kind of updated my pricing and I did my first show since, since that. And so this, this segment I'm gonna talk about, you know, what was the outcome? Did it make a difference? W was that the reason that I had two? Not so great shows?

SPEAKER 1: You know, well, let's talk about that. So the show in question, I have a, I do a big Syracuse show here at the fairgrounds. We, we don't have another one of those till September. So this is a Watertown show that I do each month. It's a once a month. Watertown show, 5060 tables. I'm guessing I have 1.5 tables. I split with my friend Chad who has 1.5 tables. We have three tables combined.

SPEAKER 1: I also have an sGC table which is attach basically attached, but it's, it's a separate entity. I do run it. Don't get me wrong. It's mine. But, you know, that's kind of speaks for itself. There's no cards for sale on the table that's for bulk subs and those, those have been very, very steady and very, very good. I'm not gonna, this is not what this episode is, is gonna be about.

SPEAKER 1: I'm only talking about the Newman sports card side of the house. If you, you will. So, show, turned out fairly well attended, started off kind of slow and so, you know, I don't want to say I was worried but you're like, oh, is it gonna be a third one in a row that it's gonna be nothing to write home about?

SPEAKER 1: And then it really started to pick up and, you know, the, the prices, or the boxes of the 20%. Sign those really people were getting into, those buying some stuff out of that, sold a lot of sold out. I sell a lot of hockey at this particular show as we're closer to Canada. So sold some hockey, but definitely sold more showcase cards at this show than I had had in previous, the previous two Watertown shows, you know.

SPEAKER 1: I, I wound up doing very well at this show thankfully. So I ended that two show, not so great streak and, you know, so I guess the question is I sold some, some mans. I sold a decent amount out of my showcases and those plastic boxes, you know, but as the question is, was it me with the cops or was it just coincidence?

SPEAKER 1: Ii, I like to think, you know, when you have two not so great shows and then you realize it's cause you got a little lackadaisical on updating some pricing and then you have pricing and you have a really good show.

SPEAKER 1: I'd like to take a little credit. I think that was, you know, my bad on the, on the previous two shows of not having those prices sort of in tune with current comps. And so I think it goes to show you like the importance of right kind of evaluate as a dealer evaluating your stuff.

SPEAKER 1: The other thing I'd like to say, if you ever had a show as a consumer and you're, you know, you're at a table, maybe you feel like, you know, like, these prices are high, you know, rather than say, hey, the dealer just a jerk trying to like rip someone who doesn't know off and those people exist, those dealers exist.

SPEAKER 1: Don't get me wrong, not naive. Don't always paint with that brush, right? Maybe it's a situation like myself where I just kind of got busy, just didn't get to, it, didn't do it, you know, even the two months where the show, the two shows I had that were not great, you know, had someone said, hey, you know, he got this on this card and it's really this and I would have worked with that.

SPEAKER 1: So that's my point is if you really want a card and, and, and you feel like the dealer is, is high for whatever reason. Right. Laziness. And, in, in, in my case or, you know, maybe they're just trying to, you know, pull a fast one if you will ask.

SPEAKER 1: Right. Don't assume either or ask. And, you might be surprised, you know, and, but, on the dealer side, right, it's important for us to give the best prices and be the most accurate to current market conditions. Right.

SPEAKER 1: And I, I didn't do that, for two shows and I think that the end of the day, that's, that's why they weren't two great shows and, and this one was after I made adjustments, so it's important to stay, on top of things, you know, I'm a one man show. In other words, it's just me, involved with, you know, the Newman sports card sides.

SPEAKER 1: Obviously I do contact creation. So it's easy to get caught up. Obviously, we're getting ready for the National that's taking some of my time away. But, you know, as a dealer it's, I think it's important to try to stay on top of those comps, get your price. Gun out reprice stuff. Had a, again, a very good show.

SPEAKER 1: Probably my second best Watertown show. I've been doing it now, slightly less than a year. So probably 10 of them.

SPEAKER 1: Up until like the last two, the, the bad ones, they, the, the previous six or seven were very good and, you know, this one was very good as well. So again, probably ranked second out of the 10 shows. Very, very pleased, happy, you know, was I nervous going into the show like, you know, II, I mean, I'm not trying to sound conceded.

SPEAKER 1: I typically don't have three, not great shows in a row as a dealer or usually not. Yeah, I, I don't wanna say I was nervous but yeah, I was concerned like, hey, I've repriced stuff. Like I guess I was concerned, I'll answer this question like this.

SPEAKER 1: I guess I was concerned cause I really like this show that had, I had another not so hot show. I would have then maybe said, is it the show, is it the venue is the bloom sort of coming off the rows of this, you know, it's a little sh I don't wanna say little, it's a smaller show.

SPEAKER 1: In comparison to the Fairground Show I do at Syracuse 4 to 5 times a year. So that was really kind of my concern was that, you know, sometimes shows hit that plateau, right? Or that wall or even worse, they start going downhill. Is that sort of mystique and it's not such a big deal anymore.

SPEAKER 1: So I guess that was where my feelings were, is like, hey, is this, you know, and May maybe had I not had a good show, I would have really started to think along those lines, maybe it's not even so much the pricing as it is the, the venue or just, you know, it's not the, that buzz is gone with, with the monthly show.

SPEAKER 1: But, you know, I think the proof is in the pudding that it was more on me not having, you know, updated pricing. So note to self, right. Stay on top of that. No excuses. You know, it takes a few hours one day before, you know, you set up at a show, you gotta, you gotta do it right. It, it's, it's being fair to yourself as a dealer. It's being fair to your cu your customers, right?

SPEAKER 1: And I th I think that's important but again, you know, don't be, you know, it, this is easy, this is easy coming for me to say who doesn't like who's actually kind of shy and doesn't like to ask if like I talked about how if a dealer doesn't price his cards, I usually don't ask, but someone's priced their cards and you think they're, you know, especially if you feel like I just think the dealer doesn't realize the comp on this is pointed out to him or her, right?

SPEAKER 1: Give them the benefit of the doubt. Open those lines of communication. If you're interested in the card and you, you might be doing a service to them, they may not even realize like, hey, I, I didn't stay on top of this. Like I didn't really until I kind of scratched my head and said, what's going on here. Right.

SPEAKER 1: So, communicate is, is key and, and, and a lot of genres, hobby, as well. So happy to say, third time was the charm or third show in a row. Time is, is the charm. But I like to think and I do think it was me finally getting to and adjusting those prices to, you know, where they needed to be where the two shows where they weren't.

SPEAKER 1: So, you know, something I'm going to, be more aware of and more concerned with, you know, we make mistakes, right. We're humans, doesn't necessarily make you a bad guy and, or, or so, just wanted to kind of, that wasn't really the original intent of this week's episode, but wanted based off the previous show I kind of wanted to do and update.

SPEAKER 1: So we'll, we'll wrap it up right here. Had a very good show. If you're in, I'll, I'll be back there. August 17th again for another Watertown show in Watertown New York. If you're in the local area or in the vicinity or, or gonna be visiting someone. Love to see you there.

SPEAKER 1: And, or, you know, but, support your local L CS s and your local shows, as well. All right. Thank you for listening to another episode of Hobby Quick Hits. Wanna give out our Social Media starting with our website, which is www dot sports Carnation podcast.com, Facebook.

SPEAKER 1: You can follow us at www.Facebook.com forward slash Sports Card Nation podcast forward slash Twitter. We are at Sports card, NAT T one. So it's Sports card nat I one Instagram at Sports Car Nation Podcast. Or you can email the show hobby quick hits at gmail.com again. Thanks for listening. We'll see you next week.