Monday, March 2, 2009

You can lead a horse to water . . . another brainwashed Book Value Geek

Thanks to Gellman for pointing out a heck of fairly articulate debate on book value and the opportunity to chime in with my 2c over at Ninth Inning.

I wasn't necessarily going to comment until the offending Book Value Geek took a swipe at my Junk Wax How To Video

No Jay that would be me assigning value to the over produced crap from the 80’s and 90’s by burning them. Pick any card from 87 to 92, find the “value” in your precious price guide and then find one place anywhere online where the real price is equal to the Beckett (Sucks) Value.

All to often collectors like yourself overvalue their collection based on the prices arbitrarily set by Beckett (Sucks). The only correlation that exists to put a monthly price on a card product is directly proportional to the amount of advertising that products manufacturer spent in said issue.

If you can’t see the obvious manufacturer collusion, conflict of interest in grading and auctions there is no point even arguing the point. You are going to believe what you want to believe because you have been spoon-fed the Beckett (Sucks) kool-aid for the majority of your collecting life.

Also the honorable Dr. James Beckett has been so far removed from this publication for years prior to his death that it doesn’t even make sense to reference him.

In all actuality your collection is only worth about 30-40% of what you think its worth and that is something you CAN NOT and WILL NOT accept because it would shatter the fragile sense of reality you have created for yourself by putting an arbitrary overvaluation on your collection.

Also it has only been recently that they have incorporated auction pricing into their supposed value equation. Typically and for several years after the creation of a peer to peer secondary market system called the Internet, Beckett (Sucks) relied on a couple of dozen pricing “contributors” from around the country. These contributors ,to a man, were all hobby shop owners and their card sales reflected the inherent mark-up associated with any retail venture, cards being no different.

So what is your card worth?

What Beckett (Sucks) says it is or what you can sell it for at any given moment you choose to sell it?


3 comments:

halos17 said...

Well said. True market value will always be found, get ready..... in the market!! Not some "guide".

Eric said...

"Also the honorable Dr. James Beckett has been so far removed from this publication for years prior to his death that it doesn’t even make sense to reference him."



Dr. Beckett is very alive and quite well. ;)

Coimbre21 said...

I bought my first Beckett guide in 1975 and subsequent annuals and monthly issues and in many instances they state, it is a reference only. Beckett's Online Price Guide also publishes real time price ranges, to supplement the list reference price. Suckers, of course, only pay list price for a TV, car, house, etc, and I'm assuming you negotiate and attack these with the same fervor with which you attack a little old price guide. Negotiating price is an everyday occurrence but a list price is needed as a reference point, which is what Beckett and SMR provide. You're burning way too much energy demonizing a card guide. My advice for you is to buy a vintage Les Paul or Strat and grind your anger out on a guitar to some Judas Priest or vintage Black Sabbath. Steeler and War Pigs would be two good tunes to start with. You'll feel much better.

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