Hunt Auctions has turned over management of the long-running Philadelphia Sports Card & Memorabilia Show to Joe Drelich and East Coast Sports Marketing. The move is effective with the upcoming March event. The Philly Show began back in the 1970s, when it was created and operated by the Eastern Pennsylvania Sports Collectors Club. East Coast Sports … [Read more...]
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Notes: PSA Facts & Figures; Upper Deck Signs Roy; Packers Memorabilia
PSA and PSA/DNA have certified over 27.4 million items since its 1991 founding, with an estimated value of $2 billion. Demand for its services has increased significantly in recent years. PSA and PSA/DNA now certify 150,000 items per month. The information was offered by executives representing Collectors Universe, parent company of PSA and PSA/DNA. They … [Read more...]
Notes: T206 Wagner, Brown RC Soaring; CU Revenue Up
Bidding for the PSA 2 T206 Honus Wagner currently for sale through Heritage Auctions is now at $657,250. That’s a new record and the auction still has two weeks to run. The Wagner card last sold for $675,000 via Lelands in 2014. The 1952 Topps Mickey Mantle graded 8.5 still hasn’t cracked the $1 million mark, despite a strong flurry at the start of online … [Read more...]
PSA Card, Autograph Business Continues Upward Push
PSA’s revenue for card and autograph authentication increased 15% in the last quarter of fiscal 2016. In its quarterly SEC filing, Collectors Universe—the parent company of PSA and PSA/DNA—said that amount represented record quarterly revenues of $4.3 million. “We generated record second half service revenues in fiscal 2016, which increased by $2.4 million, or 8%, as … [Read more...]
Notes: Trout’s Old Truck at Auction; CU Stock Way Up; T206 Plank Sold
Wanna buy a vehicle once driven by a young Mike Trout? You can—and he’s even signed it for you. Upon getting his driver’s license in 2007, the Millville, NJ native’s parents bought him a used 2000 Ford Ranger pickup. A couple of years later he was a first round draft pick and bought his own car. Trout then sold the truck to the parents of his girlfriend, who, just like … [Read more...]
Cards, Autographs Push Record Revenues for Collectors Universe
PSA set an all-time revenue record for the third fiscal quarter ending in March. In a conference call with shareholders last week, Robert G. Deuster, Chief Executive Officer of Collectors Universe, the parent company of PSA and PSA/DNA, said card and autograph grading and authentication revenues were up 9.1%. Deuster says trading card activity has been “very robust” over … [Read more...]
PSA Report: “Strength in Grading Activity, Pricing”
Collectors Universe, parent company of PSA and PSA/DNA, says its card and autograph authentication business grew by five percent, to $3.7 million in the fiscal third quarter. The news was part of a quarterly financial report from the publicly traded southern California-based company, which also grades and authenticates coins. “Our margins remained strong during the … [Read more...]
Notes: Topps Baseball Sales, Ruth Card Hits $80K, CU Revenue, Butler Autograph Deal
This is an important month for sports card shops and online retailers who sell boxes of cards. The release of the first baseball card product of the season can set the tone for the rest of the year and it’s the one time when there is a lot of attention on one product. Several mainstream media outlets reported on Derek Jeter’s farewell card, the First Pitch inserts and … [Read more...]
Revenues Up at PSA Parent Company
Collectors Universe, parent company of PSA and PSA/DNA, reported record revenues in the first fiscal quarter of 2015. The company says service revenues increased by $2.0 million or 14% to a first quarter record of $16.2 million in this year's first quarter as compared to $14.2 million in the same quarter of fiscal 2014. The increase was driven by a $1.7 million or 19% … [Read more...]
Collectors Universe Stock Perks Up With Russell 2000 Nod
Collectors Universe, Inc., parent company of PSA and PSA/DNA, announced Thursday that the company is being added to the Russell 2000 Index. The news helped push CU stock to over $21 per share at the close of trading. CU stock has traded as low as $12.52 per share over the last 52 weeks. In July of 2009, the stock was trading at $5.60 per share. The Russell indexes are … [Read more...]
