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Originally Posted by Spacemanspif
They’re planning on filling the weeklies with freshly graded stuff since they’re directly connected with PSA now. I had a sub pop this week that got sent to the “Collectors vault” because I forgot to uncheck the “send to vault” when consigning (F that sneaky default nonsense). They already have the scanned pics in place, and want to capture market share from the grade-to-consign business. Basically anything they can move to this platform directly takes away from eBay and consignors like PCS.
Funny how all these businesses are now trying to capture on this E2E experience, when it’s A) no longer lucrative, and B) not at all aligned with collectors. Remember that part of the boom was due to people speculating about “Wall Street money” coming in to infuse the hobby, so people were scrambling to buy everything before that magical day happened. I remember arguing with someone about it not being spent on actual cards, and that any kind of institutional money would more likely be spent on infrastructure and businesses that could capture on all the market inefficiencies rather than buying stacks of cardboard. Now that these things are built, (almost) nobody wants them
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Goldin/PSA are over a year late to this.
I ran an IG poll a few months back on how people feel about vaults. The overwhelming majority use one vault and have no interest in adding another. To change that, Goldin has to provide a better user experience. Easier listings, bigger marketplace, higher sales, lower fees, better customer service, quicker payouts, etc. They don’t do any of this right now. The only improvement they’ve made this year is fasting shipping and a new interface. I don’t know what PSA is doing with them, but the business comes off as neglected.