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Editor’s Blog: National Association, PSA Parent a “Buy” Stock, Arizona Collector, Auction Record

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The concept of an organized association for sports collectors has been floated around from time to time.  Now, a new effort is underway, hoping to establish a mission and vision for those involved in the hobby while offering some perks to collectors who join.

A few ideas were unveiled to dealers and others in Chicago last week in the form of a one sheet.  While details for the American Sports Collectibles Association are still early in the planning stages, ideas include:

  • Educating new collectors and promote the hobby to those who aren't currently in it
  • Leveraging the knowledge and involvement of long-time hobbyists to encourage unity and create more organization
  • Maintaining ethical standards to ensure high levels of integrity and honesty among buyers and sellers
  • Offering membership benefits such as discounts on show admission, grading, authentication and auction house consignment fees

While some may be skeptical, offering tangible benefits for collectors while maintaining a more organized, professional approach and expectations for professional members is something that should be encouraged.

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There was bad news in the stock market Monday, but Wall Street rebounded a bit on Tuesday.  One of the companies that's generating some good vibes in these uncertain times is one most collectors know. Collectors Universe (NASDAQ: CLCT), the parent company of PSA and PSA/DNA,  traded at a new 52-week high  of $17.20 and a lot of shares are changing hands.  CU was trading above $17 per share.

In the past 52 weeks, shares of Collectors Universe have traded between a low of $12.49 and a high of $17.03 and are now at $17.05, which is 37% above that low price.

SmarTrend currently has shares of Collectors Universe in an Uptrend and issued an Uptrend alert on July 05  at $15.22. The stock has risen 8.4% since the Uptrend alert was issued.  Ian Wyatt is writing about them in SeekingAlpha.

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We love stories about collectors who didn't let mom throwing their baseball cards away deter them from getting back into the hobby later in life.

We really love stories about collectors still passionate about collecting vintage cards years later and willing to share that knowledge with others.  Here's one about Arizona collector Don Drooker.

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Heritage Auctions says the $131,450 paid for a 1926 Yankees team signed baseball at last week's auction is the highest figure ever paid at auction for an autographed ball.   Overall, the auction yielded more than $4.95 million on just 97 lots sold.  That translates into an average lot value of more than $51,000, with a general sell-through of 93%, as 579 bidders competed for the historic and rare pieces that were offered.

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