PSA customers have sold over 52,000 cards in less than two months through the company's new eBay partnership. PSA acquired eBay's vault in April and two months later rolled out the option for clients to list their graded sports and non-sports cards for sale through PSA's new eBay store. Cards can be listed for seven-day auction only but users can pick the day they want … [Read more...] about Notes: PSA-eBay Sales Tally: 52,000+; Ruth Photo Sells; Ballpark Show; Upper Deck Updates
Collectors Holdings
PSA’s Direct to eBay Connection Now Live
Several weeks after acquiring eBay’s vault as part a three-pronged deal, PSA has launched its direct to eBay sales platform. The move will allow collectors who use the company’s services to buy and sell graded cards without any of the physical labor that has typically gone with it. PSA rolled the platform out to select users earlier this month but it’s now available to … [Read more...] about PSA’s Direct to eBay Connection Now Live
Collectors, eBay, Goldin Deal Now Done
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 … [Read more...] about Collectors, eBay, Goldin Deal Now Done
eBay Acquires Goldin; PSA Acquires eBay Vault in Unfolding Deal
Less than three years after acquiring Goldin Auctions, Collectors Holdings is selling the New Jersey-based collectibles marketplace to eBay. In addition, the definitive agreement also includes the sale of eBay's vault to PSA. Financial details of the transaction weren't revealed. Neither is final yet, but are expected to close simultaneously between now and … [Read more...] about eBay Acquires Goldin; PSA Acquires eBay Vault in Unfolding Deal
Mint Condition: Breaking Down the Collectors-SGC Deal
Leading Off The shocking news dropped last week that Collectors, the holding company of PSA, Goldin Auctions, Wata, Card Ladder, and more, was acquiring SGC, the Boca Raton, FL-based authentication and grading company, bringing together under the same HoldCo two different grading businesses, PSA and SGC. There are numerous layers to this deal that need to be considered … [Read more...] about Mint Condition: Breaking Down the Collectors-SGC Deal
Preemptive Strike or Logical Logistics? Hobby Reaction to PSA’s Purchase of SGC
Eight weeks into the new year, the sports collectibles market has its first major acquisition and it's a doozy. Collectors Holdings, parent company of PSA, now owns SGC. Both are very familiar to anyone who's even thought about grading a trading card--baseball, football, Pokémon or Tiddlywinks. Both have been around forever. Neither has revealed much about … [Read more...] about Preemptive Strike or Logical Logistics? Hobby Reaction to PSA’s Purchase of SGC
PSA Parent Company Set to Acquire SGC
Collectors Holdings, parent company of PSA, will acquire competitor SGC. Collectors CEO Nat Turner confirmed the move to SC Daily Thursday morning. The deal will bring two of the hobby's top four trading card authentication and grading companies under the same ownership. PSA's corporate office is located in Santa Ana, CA. It also has an office in … [Read more...] about PSA Parent Company Set to Acquire SGC
PSA Parent Company Closes $125 Million Line of Credit
Collectors Holdings, Inc., parent company of PSA, has closed a $125 million revolving line of credit with a syndicate co-led by J.P. Morgan and KeyBanc Capital Markets Inc., with participation by California Bank & Trust. The company says that while it has plenty of money, the move offers “greater flexibility to pursue growth opportunities and execute its strategic … [Read more...] about PSA Parent Company Closes $125 Million Line of Credit
Mint Condition: Goldin Expands Offerings; Collectable and eBay; Arena Club Looks for Niche
Joel Belfer's monthly "Mint Condition" newsletter offers perspectives on the business side of the hobby. Leading Off Over the last few weeks, there have been a couple of big announcements from key companies across the hobby. This edition of Mint Condition will be a ‘quick hitters’ of sorts where I give my take on each of them. Let’s get into it… Goldin … [Read more...] about Mint Condition: Goldin Expands Offerings; Collectable and eBay; Arena Club Looks for Niche
PSA Parent Company Expanding Office Space Again
For the third time in as many years, Collectors Holdings, the parent company of Professional Sports Authenticator (PSA), is expanding the operational footprint at its headquarters in Santa Ana, CA. Collectors has signed a new, 15-year lease at its current location and is taking hold of another 102,000 square feet of office space. The Collectors organization, including … [Read more...] about PSA Parent Company Expanding Office Space Again