Palantir announces partnership with Beckett

[jcardstore]

Palantir Technologies Inc. (NYSE: PLTR, "Palantir"), a leading creator of data platforms used by enterprise and growth stage companies, today announced that Beckett Collectibles, the most trusted name in the collectibles industry, is deploying Palantir Foundry across the company’s operations to help accelerate its digital transformation.

Beckett has already begun integrating legacy systems into Palantir Foundry, allowing customers to more rapidly and easily access decades of data about cards, comics, and other collectibles, as well as automating the process of grading and authenticating. Beckett aims to eventually have the most comprehensive data set in the collectibles space and the hobby community, across comics, cards, VHS, and other assets

Foundry will serve as the backend management platform for all collectibles on Beckett, from physical cards to NFTs. Already, Foundry's data-integration capabilities have successfully completed the migration of Beckett's vast historical data to a modern operating system configured to display real-time information. Beckett will also use Palantir’s software to build internal and end-user apps for card digitization, digital tracking, and value assessment.

Founded more than 30 years ago, Beckett Collectibles is a household name in the collectibles industry and possesses troves of information allowing it to price, grade, and authenticate assets, with industry-leading accuracy and integrity. Beckett selected Palantir to propel its digital transformation and modernize its systems. Palantir Foundry is designed to transform the way organizations run by creating a central operating system for their data and integrating siloed data sources into a common operating picture.

“Today’s Beckett customers expect speed, reliability, and trust, and that’s what Palantir’s Foundry offers,” said Kunal Chopra, CEO of Beckett. “We have an incredible wealth of data in our company, and with Palantir’s help, we’ll bring decades of data to our customer’s fingertips in a way that’s fast and secure. A backend rebuild that might have taken four to six months took only six weeks thanks to Palantir Foundry. This partnership is an important step in our effort to build a one-stop-shop platform for collectors to manage their portfolio of alternative investments.”

“We were excited by Beckett’s digital transformation objectives and to help the company unlock the value of long held assets,” said Meredith McNaughton, the head of Palantir’s Foundry for Builders program, which provides Palantir’s platform to early and growth stage companies. “The Foundry platform is uniquely positioned to catalyze real operational transformation. We’re energized by Beckett’s quick progress and to support their growth in the collectibles space.”

https://www.businesswire.com/news/ho...t-Collectibles

[KhalDrogo]

LOL. Chopra is clueless. Just like everyone else at Beckett.

[mrseanc1]

I'm sure the management team loves getting a press release. Much more satisfying than hiring some more graders and reducing TAT.

[AbraCalabro]

things were better when it was a sleepy little hobby that no one cared about other than primarily collectors

[tconte]

Do you ever get the feeling that all these grading companies are now in it for the short term to build up the brand name through M&A regardless of how slow and ineffective
they grade so the balance sheet and P&L look great in order to sell their company?

[rifleman69]

Originally Posted by tconte

Do you ever get the feeling that all these grading companies are now in it for the short term to build up the brand name through M&A regardless of how slow and ineffective
they grade so the balance sheet and P&L look great in order to sell their company?

Isn't that the whole point of owning a company? Eventually being able to sell it off to someone else?

[tjforce]

Hopefully they make the online Graded database more user friendly.

It's badly in need of an upgrade

[auburn35]

Originally Posted by tjforce

Hopefully they make the online Graded database more user friendly.

It's badly in need of an upgrade

That was my among my first thoughts as well.

Also, Beckett has recently disputed (without providing any actual data) the output numbers that Gemrate is reporting. If/When Beckett starts sharing their own data, it will be interesting to see a comparison between the two.

[KhalDrogo]

Originally Posted by auburn35

That was my among my first thoughts as well.

Also, Beckett has recently disputed (without providing any actual data) the output numbers that Gemrate is reporting. If/When Beckett starts sharing their own data, it will be interesting to see a comparison between the two.

Wouldn’t surprise me if they’re grading even less than what Gemrate says.

[auburn35]

Originally Posted by KhalDrogo

Wouldn’t surprise me if they’re grading even less than what Gemrate says.

Certainly a possibility. Having previously done my own research and understanding Gemrate is gathering data from the population report, I was thinking Beckett might be trying to count failed RCR's and BCCG garbage (not on the pop report) and to inflate their grading numbers.

[gomiamigo]

Think this is a good move for them, they need one.

[boxbuster7]

They lost me after "the most trusted name in the collectibles industry." It isn't any grading company.

[rman112]

The dystopian pre-crime company?

[SPauthentic84]

This mean new slabs to test out?

[masteroftime]

Most press releases have crap like this:

“The Foundry platform is uniquely positioned to catalyze real operational transformation."

Folks use words like 'catalyze' to astound, amaze us when a word like
initiate would do.

Stupefyingly inane and shallow.

[imbluestreak23]

MBAs are the most worthless degrees.

I know, I have one. Their CEO bouncing around from company to company now leading Beckett and it's "web3" vision. The term web3 makes me scared that he's out of touch. Bunch of suits making decisions that have positive impact on the business. Sigh.

[Nomad]

Does CSG have a collectibles assessment aspect of its operations or is it strictly grading?

[Raj3sh]

Palantir is good with PRISM. so might work out for them.

[rman112]

Originally Posted by Raj3sh

Palantir is good with PRISM. so might work out for them.

Do you PROMIS?

[Raj3sh]

Originally Posted by rman112

Do you PROMIS?

Only if you show up in a PEGASUS

[mrseanc1]

Originally Posted by imbluestreak23

MBAs are the most worthless degrees.

I know, I have one. Their CEO bouncing around from company to company now leading Beckett and it's "web3" vision. The term web3 makes me scared that he's out of touch. Bunch of suits making decisions that have positive impact on the business. Sigh.

They've been getting their asses kicked in the marketplace since 2019, losing share to PSA, SGC, and CCG. I don't imagine their other business lines have done much better. Where's the Board?

[fabiani12333]

They're transitioning from the old boy network of obscurity to transparency, accessibility and digital compatibility.

Flipping has gone mainstream the last couple of years and BGS's costumer base has gotten bigger, younger and more tech reliant.

[tconte]

Originally Posted by rifleman69

Isn't that the whole point of owning a company? Eventually being able to sell it off to someone else?

No kidding.

They would be better served to grade better and and improve brand image.
They lost me with the "most trusted" comment as well.

[dcarado]

Seems like they're just gearing up to be able to accommodate the new fanatics model

[fabiani12333]

Originally Posted by tconte

No kidding.

They would be better served to grade better and and improve brand image.
They lost me with the "most trusted" comment as well.

Cards they've graded are repeatedly sold, no matter how much their costumers grumble. They are popular because it's all about the flip game and treating cards like assets. They aren't as popular as PSA, but they are the second most recognizable trading card grader.

BGS is servicing resellers who clearly need BGS more than BGS needs any single one of them.