Great read for anyone wanting a primary telling of what each different sub-niche is like
This highlighted part remains misunderstood by most.
Screaming into the void here. feel free to skip unless you're interested in business sports card business ranting.
I've been hyper focused on accumulating a specific set of inventory for National I now have more cards not for sale than I do for sale in both volume and value.
This is a problem. Balance is very difficult. If ALL of my PSA orders came back on time (they won't) It would be fine. Would have 10x inventory in normal rotation. However with orders from NOVEMBER no where to be found, it's another sticking point.
example picked up an 83 card order yesterday: 81 cards sold today. Keeping 1. 1 has a cert problem with PSA.
Daily NON Sheet inv: 30 cards
Hold inv: 76 cards
PSA: 637
CGC: 25
Buying at scale without grading has become challenging. While I can still buy for grading, it's $300-$5000 raw cards vs. $80-$500 raw cards. The availability is far and few in between. Pipeline for all raw has degraded as cost to RIP for my private clients is too high and the whales moved on to people who can handle the volume.
Which leads to buying clean looking 9s to crack to regrade or BGS 9.5s to crack and cross. More volatile, higher risk than usual. I also do not have the best eye looking at PSA 9s to see if they are under-graded.
Sheet buying remains ultra competitive. I've pulled back a bit as trying to secure volume weekly has become futile.
Push into vintage stalled. It's not interesting enough for me. I'd rather buy the same 90s cards over and over than more 1950s mantles, etc. It's a buy what you like scenario. I put the 3 cards I have into the market.
Pokemon is completely out for the moment. While my sports card gem remained strong, my Pokemon evaluation skills are trash. I'll still buy lots for sheeting, but the ranges are so volatile I often end up stuck too often on cards, so also pulling back a bit in this space.
I'm avoiding high end Jordan/Kobe (20k ) because my push into that hard last year slowed my business down exponentially. I'm still looking to move 3 bricks from that era of my business at a minimal loss. I've found BGS to be an absolute dumpster fire to move. PSA 10 can go from 15-40k and BGS will go from 2-3k. Most cards are 10-30% at best of a PSA 10 now in that market/world. Everything thinks it means BGS is a value, but no high end clients who are paying these insane premiums on PSA 10s want BGS AT ALL (unless its a specific card like a PMG, MM, etc).
DBZ/One Piece is still in heavy research phase with light buying. I like DBZ cards a lot. A lot a lot. Anime has always resonated with me. I'm learning the game to compete for prize cards. One Piece the game remains fun. My wife and I play casually with started decks lightly tweaked. It's a nice "off technology" hobby.
I may rip and sandbag lower end cards for grading in the future when PSA/BGS get back to normal.
Inventory for potential 90s focused Ebay Live show is growing steadily. Time availability is the biggest issue. May investigate hiring someone to do it for me for a profit split. I cannot take on a scheduled show with my day job soaking 40 hrs a week minimum and current card activities at 50 hrs a week.
Old Warren Buffet quote comes to mind about the market currently; "Be fearful when people are greedy. Be Greedy when people are fearful." This bull market makes 0 sense. It's very difficult to make a mistake right now as almost all segments are going up. My plan is to liquidate ALL inventory at National and have 1-5 cards in totality by Sunday. There are currently 2-3 cards in inventory I wouldn't mind keeping for a serious long time, but everything else could go. Hell I'd push all of it out right now at 90% of my current values (which are no where near "comps'). Won't matter if I'm right or wrong either. Worst case scenario is I'm wrong, I take profits on the way up vs. at the peak, and I'm cash heavy.