Collectors, parent company of PSA and eBay Inc. say they have closed a series of deals announced last month, in which eBay acquired Goldin from Collectors and PSA took over the eBay Vault. The goal, they say, will be “seamless transactions and extensive data-based insights to support decision-making for trading card collectors.”
The rollout is expected sometime in the next several weeks.
Here’s what we know so far:
- Beginning next month, collectors who have their cards graded by PSA will have the option to sell them through eBay without taking possession, if they choose. PSA will handle logistics through the vault it will now manage. Customers decide when they want to sell.
- Consignment rates for using the PSA Vault to sell on eBay will range from 7% for cards that sell for over $5,000 to 16% for cards that sell for under $100. No other fees are incurred.
- Using image-based listing capabilities, eBay users will be able to scan graded cards to create and populate new listings at a faster pace with details automatically added to their listing.
- eBay will integrate real-time transaction data and PSA Population Report data directly into listings, providing buyers with more information about an item’s rarity, grading distribution and pricing.
- Goldin’s website won’t be going away. The company’s auctions will be integrated into eBay. A start date wasn’t announced but Goldin does not yet have a dedicated page on eBay. eBay does now have a rotating promotional slide that links to Goldin.
- Within the PSA app, a full collection and inventory management experience will be available, including real-time tracking of any item’s value, via recent transactions and utilizing PSA’s pricing data.
“The most exciting part about this partnership between PSA and eBay is on the horizon, and we cannot wait to introduce a game-changing experience that will benefit collectors within The Hobby at all levels,” stated Collectors CEO Nat Turner. “Reducing friction for hobbyists at every step in the collecting journey is always a key goal of ours, and combining efforts and strengths with an industry leader like eBay allows us to effectively address each of those steps. As a collector myself, the idea of being able to grade a card with PSA, then utilize the vault to either store it securely or make it available to other collectors on eBay in an instant is a major win for everyone who participates in this hobby.”
“eBay is relentlessly focused on providing the best inventory and the highest level of trust for our global community,” commented Jamie Iannone, eBay’s CEO. “These deals further our mission of reinventing the future of ecommerce for enthusiasts, and we believe our shared expertise will inspire even more people to sell, shop and collect with confidence.”
Collectors Holdings had acquired Goldin in 2021, five months after Goldin received a $40 million investment from The Chernin Group and others. eBay will now get to showcase a larger number of higher value collectibles through its ownership of Goldin while consignors will potentially see their items showcased to a wider worldwide audience.
“I am thrilled for Goldin to join eBay and begin its next chapter introducing a whole new audience to our curated Elite auctions, the Goldin 100 and our amazing selection of one-of-a-kind collectibles and sports memorabilia,” stated Ken Goldin, Founder and CEO.
Details on a timeline of the vault transfer and Goldin’s integration with eBay haven’t been released yet.
eBay remains a giant in the world of online commerce and auctions. The platform has over 135 million users worldwide. In 2023, the company enabled more than $73 billion of gross merchandise volume. A large chunk of that came through the sale of collectibles.
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PSA Set to Expand with Signing of Lease for New East Coast Facility
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