Why Comps Are NEVER 100% Reliable & How We Handle This Challenge

Рет қаралды 7,002

24 күн бұрын

Geoff talks with T-Pott about Card Comps.
Follow Geoff:
Instagram: / itsgeoffwilson
Twitter: / itsgeoffwilson
TikTok: / itsgeoffwilson
LinkedIn: / geoffwilson
Companies Geoff Founded:
Sports Card Investor: www.sportscardinvestor.com
Market Movers: www.marketmoversapp.com
Three Five Two: www.threefivetwo.com
NoviAMS: www.noviams.com
iLS Network: www.ilsnetwork.com

Пікірлер: 74

@gianvit0 22 күн бұрын

T Potts Data Dive is the best sports card content on youtube 💯

@mangobango6970 22 күн бұрын

Or......SpitballinCards which I like slightly more. But data dive is on point too.

@gianvit0 22 күн бұрын

@@mangobango6970 just subbed to them today Good group of guys except i don’t collect baseball and i feel left out lol

@jacobfain6504 21 күн бұрын

@@mangobango6970Spitballin cards is awesome! Wish there was a channel like that about football and basketball cards also.

@t-pott4504 21 күн бұрын

thanks, guys!

@anthonyspizzirri7403 14 күн бұрын

I agree I watch all shows he is on. Thanks for the content T Pott

@PhilthyCards 17 күн бұрын

Honestly, this is really more simple and straightforward then your conversation would lead a casual card collector to believe. It can be resolved in this patented two-step process - 1. If its a card that I'm selling, that most recent outlier comp is 100% accurate. This player is going to the moon and you should buy now before you miss the boat. 2. If its a card that I'm buying, that most recent outlier comp is 100% fake. The card is only realistically worth the lowest of the last 5 comps because we all know that player's card are in a free fall. You better sell now to recoup what you can.

@Craytown 22 күн бұрын

Great discussion, and a good reminder that a card is worth what someone is willing to pay for it. As Marshall Fogel said, Collect What You Love, and you'll never lose.

@chrisolivo6591 22 күн бұрын

The problem with comps is everyone lumps them together with every card. Comps give a good gauge of the market, but don’t take into account centering, eye appeal, even something as whether it’s in a new or old PSA holder.

@redmatmedia 22 күн бұрын

I agree and think comps is kind of like arbitration in baseball. If someone else buys a card overvalued it changes the market and if someones just wants to get out of a card and sales cheap...it is very difficult

@Bigkaluna 22 күн бұрын

It comes down to what you want to spend on a card

@redmatmedia 22 күн бұрын

the other difficult thing is how do you price a 1/1 or something that is /40 but there are only two PSA 10's and neither one has sold? I guess like so many things it is only worth what someone is willing to pay

@controversialcardchannel 22 күн бұрын

Depends on the demand for the player and the card brand.

@CardZooSportsCards 18 күн бұрын

Good stuff, thanks for sharing and appreciate all the content you've contributed to the Sports Card Community. Re: the 33 minute mark, removing that card as an "outlier" might not be 100% accurate because eBay doesn't let buyers pay for offers made through the "Your Funds" balance. In other words, the price alone being higher than other items listed doesn't dictate the reliability of a sale.....if I see 4 results for a card I want, and the one I want is $100 more than the others, the only way for me to use my current "Your Funds" balance on ebay to pay for the card I want is to buy it at the "Buy it Now" price. If I make an offer, ebay forces me to pay with a credit/debit/paypal method. So some sales that appear to be outliers in that occasion may be true sales if the buyer experienced this same thing. Ya'll rock!

@williampotts7205 22 күн бұрын

Here's one snippet too, that makes cards and their prices different compared to comps..... 2- 8's can have the same grade, but look extremely different and be definitely worth different prices. Buying the card appearance not the grade can drastically change the value. (under-graded compared to over-graded) Especially when dealing with older or vintage cards. Some like centered cards and don't mind tipped corners, while someone else doesn't mind the centering but the surface needs to be sharp and color vibrant. Lots of factors go into the pricing and eventually the sale of the card. Not just comps. It's a starting point and can get the conversation started.

@JohnNP3 20 күн бұрын

Great conversation! One of the best I’ve listened to recently. Such a fascinating topic.

@BrentonPercy 22 күн бұрын

You guys should do one of these comps discussion videos every year. Feels like you've only scratched the surface.

@matthewdouglas4500 18 күн бұрын

You won’t get this amount of transparency from many other companies. Kudos

@angelou1 21 күн бұрын

T POTT the man. Perfect combo you guys should do this more.

@christopherkanotus4980 22 күн бұрын

Sports Cards just like everything else, are only worth what someone is willing to pay for them. Comps can be used as a guide but more factors go into a sale than recent sales. Timing, location, on season, off season, social factors, all kinds of thongs.

@JKKollectables 22 күн бұрын

At the end of the day, it really just comes down to what someone is willing to pay for the card AND what you're willing to sell it for. You have to consider your target audience. If you're just looking to move the card quickly, expect the price to be below what you "want" to sell it for. If you're looking for "top dollar" on the card, you need the right buyer that really wants the card, and as a result, will take you longer to sell the card.

@damiangrzywacz6739 21 күн бұрын

That Tyler nethercock guy needs to get his own channel.

@lapp3r30shockeycardflips 22 күн бұрын

Great discussion guys!!!

@chunter3882 17 күн бұрын

I just bought a Alex Ovechkin Autograph Card /99 for $127. I would Never sell it for that. I wouldn't want to sell it for $250. It doesn't matter what the comps say. I know it's worth more.

@REBroker1966 22 күн бұрын

Great subject. Need a short version that I can share with buyers at shows I set up at…🤔

@williampotts7205 22 күн бұрын

I hear that. Seems I hear too many potential buyers say that they aren't paying or even looking if the cards are above comps. Then buy a 9 instead of a 10!!!

@jayguiliano2310 19 күн бұрын

Without a comp, people selling/buying sports appear to be lost - to me that means on both buy and sell side, no one knows what they are doing unless told by a prior spot sales price; therein is the problem

@TheLegendofBrettMorrison 21 күн бұрын

yeah but the Parallells would be listed after the sets in Beckett... and it would Day 10x-20x Base... or whatever... or 50x- 60x base card set etc etc .

@tipofthemittcollectablesan9248 18 күн бұрын

I'd assume Dr. Beckett would completely disagree that pricing was super simple back when the Beckett Price Guide was king. 🤷‍♂️

@jude999 22 күн бұрын

The market cannot lie.

@bthojh9849 22 күн бұрын

No matter what. It always comes back to comps.

@WilliamOrloff 22 күн бұрын

Great post… thanks 🙏

@angelou1 21 күн бұрын

T POTT makes the math, math.

@etlnyr74 22 күн бұрын

grading has been a thing for a long time,theres more of it now but grading was around back then!

@joelkaplan2157 22 күн бұрын

Great video

@m1j9s79 21 күн бұрын

comps dont take into account liquidity and scarcity. if you cant buy the card currently for the last comp online, then the last comp is invalid.

@dazzzzaaa 22 күн бұрын

Curious, why dont you just put a page of how much you will pay for that card? I mean since its just a reference of how much is my card is worth? I think giving a general market pricing is more work than just showing me your buy list.

@altonT 22 күн бұрын

I don't sell. I will trade for something I want but I am not into making money doing resales. I do want a value that is realistic for insurance purposes. Everything over $100 I have a picture of the card, both sides.

@petrosemmanouil2149 20 күн бұрын

Whatnot is absolutely a place where we shouldn't incorporate comps. People are consistently buying 2x. Whatnot is a scam tool.

@Sqwack27 22 күн бұрын

Funny how the influencers want deals at card shows I’ll take Geoff here for instance (Can we go lower while doing a deal.) walk into Geoff’s card shop, nope, no haggling. CC2 getting the deal done at reduced comps, walk into his shop, nope!! Hypocrisy is the driving factor of the state of the hobby and the reasoning you have so many shady character out there

@muhdulahdarula2818 22 күн бұрын

Fleeeeer

@bubblesnz1059 22 күн бұрын

You cant compare a business to an individual.... thats super disingenuous and all sales are voluntary

@Sqwack27 22 күн бұрын

@@muhdulahdarula2818 😂😂😂😂😂

@Sqwack27 22 күн бұрын

@@bubblesnz1059 You put way too much much faith in these influencers ….

@terryalexander563 22 күн бұрын

His graded cards are much lower than I've seen them anywhere.

@ryanra44 22 күн бұрын

T-Pot with the Estonia 🇪🇪 shout out 💪🏻

@t-pott4504 21 күн бұрын

🙌🏻 🎉

@terryalexander563 22 күн бұрын

I don't think Ebay's auction information is accurate for values. there are too many variables. I don't use that information if I enter in manually. I use the average of the last 3 fixed pricing sales.

@jayguiliano2310 19 күн бұрын

is it fair to say that people are not very good at actually valuing a card, given that they need so many data points about prior sales, that a confidence level is reached only because of prior sales not because of talent-based value estimation by the individual?

@REBroker1966 22 күн бұрын

Way too many factors involved in a supposed eBay comp. The seller feedback and location, time and day of auction end, flaws in the card. Comps suck. Everyone wants below the lowest comp. Card prices are like the only asset in the world that has not gone up due to inflation…🤔

@KC-sr5fc 22 күн бұрын

A card is only worth what someone is willing to pay

@TheLegendofBrettMorrison 21 күн бұрын

How do we base our Cards Value on How Bad Somebody needs money ??? just because so and so is bout to take a trip with his GF and buying a ring 💍 or somethin so they are liquidating their collection... and hes SalingOut... doesn't mean I'm going to sale my same card for His Price... cuz I. staying Single and keeping my Collection ETC ETC... but I will take an average of the last 5-10 comp sales.

@SkinnyVinnie 22 күн бұрын

He realizes it’s a 2 way street right? Not just when it benefits him?

@bigblazecollects 22 күн бұрын

A CARD IS WORTH WHAT SOMEONE IS WILLING TO PAY. Comps should just be a soft guideline to give you an idea of how much a card is worth not something set in stone

@controversialcardchannel 22 күн бұрын

Wrong!

@bigblazecollects 22 күн бұрын

@@controversialcardchannel ok so just wrong not gonna elaborate or nothing to elaborate with

@controversialcardchannel 22 күн бұрын

@bigblazecollects I used Elon Musk 's Tesla cars as an example. Read my comments. May the hobby be kind to you.

@montana01 22 күн бұрын

All depends how fast you want to move it too. Patience can pay off… or works the other way too.

@JohnDoeDeadhead420 22 күн бұрын

Informercials on youtube

@bobjohnson7294 22 күн бұрын

Unless you own a card shop who cares! You might make a few thousand, but you’re not gonna pay a mortgage with sports cards

@davidlewis3819 21 күн бұрын

Comps need to be replaced with a “landed cost” calculation that better reflects what others actually paid for the card. A $3 card that someone paid $5 in shipping to receive means a buyer is willing to pay $8 for that card, not $3. A $2000 high end card likely cost the buyer over $2100 with tax and shipping included. Buyers tend to forget or ignore these elements when discussing the market price for a card. I understand that combined shipping exists along with some tax exemptions, but more often than not these are real buyer costs.

@sweikel7012 22 күн бұрын

They are worth whatever the last comp was

@RawJordanCardCollector 22 күн бұрын

Do these guys not know that Beckett price guys still exist ?

@controversialcardchannel 22 күн бұрын

Told people in the hobby 3 years ago that comps aren't card values. I argued with every last one of ya'll ( probably new people) that the card value is already determined by the manufacturer. It's like a company that makes clothes and sells them or makes cars and sells them. You think Elon Musk is going to let you tell him how much his Tesla is worth??? Comps are not card values, they are card SALES. That's it. Card values is already baked in..... but it's up to YOU to find out the true card value based on various factors, such as card type, numbered or parallel, base or insert, grades, etc..but hey, the hobby is learning. No market this young ( in a relative sense) is perfect until age does away with the "wrinkles" of the market. I'll say this... Beckett did have the right idea.

@johnwaynecollection 22 күн бұрын

I had a argument with a kid about the idea of Value VS Price. This kid kept telling me comps are the value of each card. lol I told him the "value" and the "price/comps" are two different conversations. There's intangibles in collectibles too. For example: Just because Lukas Rookie sold for $500 last week doesn't mean that's its "value" today because there hasnt been another sale. The intangible fact that he's going to the finals next week proves my point. Me asking for a higher price was something he could not grasp, or the idea is worth more. This is just an example. We were debating the value of high-end Lebrons. He said hes a data dev at Cardladder and used that to prove his point for the debate lol. Hes a data nerd. Only sees the numbers, not the emotional value. Some people have "vision", some people just see what's directly in front of them. That's what separates the avg joes from the pros in anything in life.

@controversialcardchannel 22 күн бұрын

@johnwaynecollection I completely understand. The value of Luca's rookies is organically going to grow at this point in time thus his price point will be moving. Seeing value requires vision. Seeing price requires a simple data dive.

@72jmunoz 22 күн бұрын

to many seller's in ths hobby not enough collectors sellers selling to sellers who sell to other selers then whatnot were you can literally get cards for Penny's depleating the value of thease cards to quick sheesh heading for a crash soon