Card Industry going away? (Fox Report)

[i43770]

http://www.foxnews.com/video2/video08.h ... 88,00.html

 

[Bob Loblaw]

1. It's Fox News. Fox News is worthless.

2. Other "companies" are going out of business? Fleer went bankrupt years ago. UD and Donruss/Panini are still viable competitors. Pacific barely counts, and Pinnacle was sold (wasn't it?)

3. It indicates that UD is Topps' only competitor, completely ignoring Donruss.

4. The tagline indicates that the Internet is driving the companies to go bankrupt. Without the internet -- ebay, boards like this -- most people wouldn't collect. The internet is, frankly, keeping the hobby alive, in so many ways.

Crap journalism. Crap story. Crap network. Crap.

 

[George K]

Slow news day at Fox.

 

[masonphillip]

1. It's Fox News. Fox News is worthless.

2. Other "companies" are going out of business? Fleer went bankrupt years ago. UD and Donruss/Panini are still viable competitors. Pacific barely counts, and Pinnacle was sold (wasn't it?)

3. It indicates that UD is Topps' only competitor, completely ignoring Donruss.

4. The tagline indicates that the Internet is driving the companies to go bankrupt. Without the internet -- ebay, boards like this -- most people wouldn't collect. The internet is, frankly, keeping the hobby alive, in so many ways.

Crap journalism. Crap story. Crap network. Crap.

Agree on everything except for your assessment of Fox News.

 

[Bob Loblaw]

1. It's Fox News. Fox News is worthless.

2. Other "companies" are going out of business? Fleer went bankrupt years ago. UD and Donruss/Panini are still viable competitors. Pacific barely counts, and Pinnacle was sold (wasn't it?)

3. It indicates that UD is Topps' only competitor, completely ignoring Donruss.

4. The tagline indicates that the Internet is driving the companies to go bankrupt. Without the internet -- ebay, boards like this -- most people wouldn't collect. The internet is, frankly, keeping the hobby alive, in so many ways.

Crap journalism. Crap story. Crap network. Crap.

Agree on everything except for Fox News. Fox is a good network.

Fox may be a good network. Fox News is laughable.

 

[Jaypers]

This thread turns 100% political in 5....4.....3....2.....

 

[imac220]

This thread turns 100% political in 5....4.....3....2.....

1

:lol:

 

[masonphillip]

[quote="Jeff N.":1pjc5mjl]1. It's Fox News. Fox News is worthless.

2. Other "companies" are going out of business? Fleer went bankrupt years ago. UD and Donruss/Panini are still viable competitors. Pacific barely counts, and Pinnacle was sold (wasn't it?)

3. It indicates that UD is Topps' only competitor, completely ignoring Donruss.

4. The tagline indicates that the Internet is driving the companies to go bankrupt. Without the internet -- ebay, boards like this -- most people wouldn't collect. The internet is, frankly, keeping the hobby alive, in so many ways.

Crap journalism. Crap story. Crap network. Crap.

Agree on everything except for Fox News. Fox is a good network.

Fox may be a good network. Fox News is laughable.[/quote:1pjc5mjl]

Fox News > CNN > Network News > MSNBC

Thats how I rank them.

 

[ChasHawk]

That may be one of the most poorly conceived and executed news stories I've ever seen.

And those shop owners are morons.

 

[masonphillip]

That may be one of the most poorly conceived and executed news stories I've ever seen.

And those shop owners are morons.

I read a statistic somewhere about a year ago, in 1990 there were roughly 4500 baseball card shops, now there are roughly 1500...simply amazing the rate they went away.

 

[ChasHawk]

That may be one of the most poorly conceived and executed news stories I've ever seen.

And those shop owners are morons.

I read a statistic somewhere about a year ago, in 1990 there were roughly 4500 baseball card shops, now there are roughly 1500...simply amazing the rate they went away.

I read somewhere that in 1991, Upper Deck produced 938 zajillion cases of cards,
now the hobby and the industry came back to earth.

 

[mredsox89]

That may be one of the most poorly conceived and executed news stories I've ever seen.

And those shop owners are morons.

I read a statistic somewhere about a year ago, in 1990 there were roughly 4500 baseball card shops, now there are roughly 1500...simply amazing the rate they went away.

Over expansion of the industry of "mom and pop" card shops. Similar imo to the way companies like Starbucks kept opening more and more stores and are now suffering and having to close them. The recession just hit card shops earlier than the nation as a whole

 

[masonphillip]

That may be one of the most poorly conceived and executed news stories I've ever seen.

And those shop owners are morons.

I read a statistic somewhere about a year ago, in 1990 there were roughly 4500 baseball card shops, now there are roughly 1500...simply amazing the rate they went away.

Over expansion of the industry of "mom and pop" card shops. Similar imo to the way companies like Starbucks kept opening more and more stores and are now suffering and having to close them. The recession just hit card shops earlier than the nation as a whole

I don't think it was recession related, it was more due to the following.

Year 1990: Scenario: you want to buy a certain card.

Your options? You pretty much could go to any one of a few local card stores or potentially a show. If you wanted the card, you pretty much had to pay what they offered, your options were limited. Although there may have been million of copies of a specific card all over the nation the supply in any one particular area was limited. Thus, they could charge more for cards that were not scarce and their profit margins were quite nice.

Along comes eBay in the late '90s, all of a sudden you have an opportunity to purchase from an immense amount of sellers. Cards that once seemed scarce were now plentiful, supply and demand take effect and card prices drop at an unbelievable rate. People start to realize what kind of overproduction their was and card owners get hit hard. Griffey base cards could no longer be sold for $10, their big profit margin items and in many case what they had predicated their business model on dissapears and voila, so do they.

 

[ChasHawk]

That may be one of the most poorly conceived and executed news stories I've ever seen.

And those shop owners are morons.

I read a statistic somewhere about a year ago, in 1990 there were roughly 4500 baseball card shops, now there are roughly 1500...simply amazing the rate they went away.

Over expansion of the industry of "mom and pop" card shops. Similar imo to the way companies like Starbucks kept opening more and more stores and are now suffering and having to close them. The recession just hit card shops earlier than the nation as a whole

I don't think it was recession related, it was more due to the following.

Year 1990: Scenario: you want to buy a certain card.

Your options? You pretty much could go to any one of a few local card stores or potentially a show. If you wanted the card, you pretty much had to pay what they offered, your options were limited. Although there may have been million of copies of a specific card all over the nation the supply in any one particular area was limited. Thus, they could charge more for cards that were not scarce and their profit margins were quite nice.

Along comes eBay in the late '90s, all of a sudden you have an opportunity to purchase from an immense amount of sellers. Cards that once seemed scarce were now plentiful, supply and demand take effect and card prices drop at an unbelievable rate. People start to realize what kind of overproduction their was and card owners get hit hard. Griffey base cards could no longer be sold for $10, their big profit margin items and in many case what they had predicated their business model on dissapears and voila, so do they.

The other BIG part of this is the production boom in the late 80's and early 90's.

Investment experts were actually telling their clients to buy CASES of baseball cards as investments.

More cases being bought=more cases being produced, ad nauseum

 

[Mr.Whipple]

That may be one of the most poorly conceived and executed news stories I've ever seen.

And those shop owners are morons.

The shop owners are far from morons, They understand the market a lil bit better...Story was not poorly executed...Topps has MLB rights next year and Upper Deck does not, So UD has to airbrush all team logo's from uniforms...Like the one dealer said, "People dont want that"...Add MLB rights to DLP products and they would book and sell a lot better...I can see loads of team collectors not buying product over that and loads more other collectors...Exclusive player and league contracts only hurt the hobby...UD owns hockey..Panini owns BKB and now Topps owns MLB...

 

[ChasHawk]

That may be one of the most poorly conceived and executed news stories I've ever seen.

And those shop owners are morons.

The shop owners are far from morons, They understand the market a lil bit better...Story was not poorly executed...Topps has MLB rights next year and Upper Deck does not, So UD has to airbrush all team logo's from uniforms...Like the one dealer said, "People dont want that"...Add MLB rights to DLP products and they would book and sell a lot better...I can see loads of team collectors not buying product over that and loads more other collectors...Exclusive player and league contracts only hurt the hobby...UD owns hockey..Panini owns BKB and now Topps owns MLB...

2008 DLP Prime Cuts was $160-180 per box at release. Now it routinely sells at $220-260 a box.

2008 Topps Sterling has trended down in price since release.

Hmm...it seems as though better product trumps MLB logos in some cases.

And the shop owner that said people won't know what cards are in 20 years, is a moron.

 

[ffgameman]

As long as there are collectors, there will be a card industry.

The advent of the Internet has allowed more "freedom" than ever before in terms of collecting. Your local shop doesn't carry what you want (or you don't have a local shop)? Buy a box from one of many online hobby stores. Can't find a card you want in your area? Join a trading card forum or buy the card on eBay.

 

[allstars]

Don't forget also - all through the 90s the school of thought was that "Hey, I'll buy 10,000 Player X rc's now for $.20 each. I'll end up getting $50 per card if he hits the bigtime...yada yada yada...". So you plunked down a few hundred dollars & you got your 10 thousand Player X rookie cards. Why? because they printed literally millions of every card. Now, if you want 100 Player Y rc's you...

a) have to find 100, no easy feat.

&

b) have to pay for $100, no inexpensive feat.

I always tell sellers of 80s & 90s cards that if you filled an empty swimming pool to the top with all of the cards ever made, that it would be within 3 inches of the top just with 80s & 90s cards. Bottom line? Supply & demand rules the day - you have to make less than collectors want, not more than they can collect.

 

[brouthercard]

Fox news = HOTTEST female journalists on TV.

That's about all I give them credit for.

 

[andyduke86]

Fox News is the least biased of all TV news networks. They are less to the right than the others are to the left.