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Sep 11, 2026

Why the Last Comp Isn’t the Whole Story + Hidden Fees & Taxes + What Is Your Card Worth?

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Right now get a free DeWalt 20 volt max battery two pack when you buy a select DeWalt 20 volt max tool at Lowe's. We have what you need to keep your job moving. Battle through 913 while supplies last selection varies by location. See lowe's.com for more details. Michael Jordan Sports cards is a lifestyle Sports cards and we live now Jeremy Lee in the building and every guess that you ever needed Sports cards Cards after hours keep the hobby heated Updates homie talk like you've never seen it Sports Cards Live and I could ever beat it Sports cards is a lifestyle Sports cards and we live now welcome to another episode of Sports Cards Live with your host Jeremy Lee. This question came in from from Jim a little while ago Chris. He says I think similar, I think in similar ways to you in trying to get to the root of the issue. What drives you to do that and this has to do with whether or not a sale is good or not. And Yu-Gi-Oh why don't you just answer this Because I I think, I think people like that you're so transparent and that you do talk about these things publicly and that you recognize and and are are you know willing to discuss any I don't want to even call them shortcomings limitations. Let's say that card ladder has in certain areas because they're and they're self imposed limitations and and I think there's self imposed limitations in in the spirit of transparency and and and and and fact and not making stuff up. So one-of-one what do what does drive you and the team to to one-of-one you know put out the best data that you can and by and I'm saying data here. This is not CL value. Sale value to me is not necessarily data. It's based on data. But we're talking about data, actual data here, making sure that the data has integrity. What drives you to want to see that, yes, CL value is math. It's not. It's, it's. It produces an endpoint, but it's not an empirically observed fact or anything like that. It's just math. And it's, it's actually just multiplication. So that's a, That's a good distinction to draw that it's just math. It's just one number multiplied against another. And once that is understood, you know, I think it becomes sort of almost a little bit silly to be like, well, I don't, don't, don't multiply those two numbers together. Not anything but those two. It just becomes math. And it's nothing more, it's nothing less. Now to this idea of, like, wanting to get to the root of the problem. Like, I'm thrilled that people are so interested in bringing forth suggestions for Card Letter, because some of the very best features in the app came about that way was literally people just saying, hey, what if you did this? Or have you thought about this? And then we literally, we discuss these things all the time. So I'm very grateful that people do that and they take it seriously and they, like, they really care about it. But it's not false modesty to say that Card letters, at the core, it's just recording sales data. It's just a pile of sales. And then our job that we take very seriously is to try and let you get to it in the most efficient, expedient ways that are customized to how people actually want to access that information, and then augmenting it with things like indexes and value estimates and a collection tracking feature and an industry panel that shows you big picture metrics and stuff like that, which is fun. That's stuff that we're passionate about. That's kind of some of the way that we have fun with it. But at the end of the day, it's, it, it's. It one-of-one rocket science. It's accumulating sales and putting them into a pile that hopefully you can navigate as quickly as you'd need to. So when, you know, when it comes to sort of like this question of, like, getting to the root of the issue and stuff, like, it's just because that's how we think. It's how. It's how all of us think we're systems thinkers. We, we want to understand a problem in the particular, but then we want to understand it in the abstract. We want to understand not just what is this particular problem, but what is the problem a symptom of what's what actually broke in the framework that allowed that problem to manifest. And then let's not just treat a one off problem, let's actually fix the system that produced the problem. And so if you think in that second order level, if you start by saying, hey, there are going to be lots of individual problems, but maybe we can actually cure many of them at once if we fix the systematic cause. Well, when you think on that level as our team does, then you're constantly trying to get to the root. That's what I liked about that comment. In particular, getting to the root of it. Getting to the root cause can not only solve the particular, but hopefully it'll be a generalizable solution that will fix future iterations that problem too. Thank you for answering the question, Jim. Jim, that was a question I was happy to bring to the screen for you, but this, this comment you made 20 minutes ago, you hurt my feelings big time here, Jim. He says people are lazy. Might be the most insightful thing Jeremy has ever said. How sad is that? I gotta tell you, that makes me very. I've been doing this for six and a half years and if that's the most insightful thing I've ever said, then I'm surprised anyone's watching the show right now. Jim, define sportives. Do you want to reword that one perhaps, or is that truly how you feel? I think you're reading it wrong that that one hurt my, hurts my feelings. I think he's meaning it a different way. I hope you're right, David, because I'm fighting back tears here, buddy. I'm fighting back the tears here. Okay, let's, let's give Jim a second here. Let's go to some other comments from the chat. Eric Pugh asked, whatever happened to Brent Higgins? Is he with NBA? If so, what's his role? I mean, my understanding is that he's a, an owner of NBA, the, the grading company now. But I don't know what his role is other than I, I think he's, I think he maybe owns it or he co owns it with Mike Baker. That's all I can tell you about that. If anyone knows different, put up your hand. Cavs fan says is there, is there, are there marketplaces that have worse unpaid records than others? Chris, are you, do you know the answer to this, and if so, can you share? Each marketplace has their share of unpaids. And I wouldn't say that one is any particularly strong outlier. I would say that heavily because of user and customer requests that we applied a policy specifically to Card Hobby that we would only ingest sales from them, that they certify as paid first. And then the trade off there is that, well, you don't get instant access to the data. You have to wait until that data has been Certified by the marketplace as paid, which can take days or weeks. But in that particular case, you know, we felt like, and Card Hobby felt like, and their users felt like that was a great situation, that was a good opportunity to try that out and to do it. And so far it seems to have worked out quite well. And then there are some marketplaces like Alt which proactively do that. So Alt is incredibly transparent. Their published results from their auctions that they hold, they specifically tell you the status of the card and they will let you know when it's paid and they'll let you know when it hasn't been paid and it's still pending. And so we rely on them. And because they make that transparently available, we also have a policy there where we only bring in stuff once they publicly market as paid, which like, if that became the industry standard, that could be helpful. It's certainly something to think about. Like I'm always cautious. I always have a bit of a, a Burkean streak on things like this to say, well, let's, you know, before we just like radicalize and really like change everything too much, let's make sure that we don't break something along the way. But I think in this instance, some of the other marketplaces do it by omissions. Like ebay has gotten really good at deleting unpaid items. Like they, they will delete that, link that listing out from their marketplace if, if the, if the transaction breaks down, whether it's unpaid or whether, you know, it goes authentication that it fails so there's a refund or whatever the case may be. They've gotten really good at that. And Fanatics and, and Goldin and, and many of these other, you know, big time marketplaces, they also have a policy of they don't like really like smack a paid or not paid label on stuff, but they remove unpaid items. And we have tools built that constantly are checking for that and make sure that when they remove something, we do too. All right, good. Thank you. Thank you. We have lots of fun, lots of card ladder questions here. Hey, we're doing it, we're doing around the card ladder segment. So, Chris, let's go. Okay. This one, I don't. Mid Atlantic poses this as a card ladder question, but I don't think it's a card ladder question. He says, isn't the value of a card the median amount between what the buyer pays and what the seller receives? In other words, isn't the card value less than the total auction price? I think he's talking about all of the fees involved, commissions to the platforms, shipping, whatever else there might be. But at the end of the day, again, like, I mean, I can almost answer this one for you, Chris. You know, the, those things differ by platform. All you can really do is hone in on, on, on the final price that is paid if they're shipping on top of it. That's, that's, that's excluded from, you know, that, That's. These are the, I would say to Mid Atlantic, which is, it's a fair question. I don't, again, I don't think it's a card ladder question, but these are the things that when you're negotiating, you can almost use these when you're negotiating. Well, you, you all, you know, you would have paid fees to ebay and they would. And then they say, Yu-Gi-Oh but I had to pay rent to be at this show or you know what, or I had to pay gas to go get to fly to go get this collection. So everyone's got overhead, it seems like in today's world. And if it's a shipping thing, well, you know, Yu-Gi-Oh that's, that's on top of the price of the card, and that's a cost of doing business. So. But the question is still a good one, like, what is the value of the card? And to me, when I think about this question, what did the buyer pay for the card? And, and to the diff, the value to the buyer might be different than the value to the marketplace because the marketplace doesn't care that the buyer paid shipping. The buyer cares and should care that they paid shipping because when they sell that card and they report their taxes, they're going to get a deduction not only for they paid for the card, but for all the fees they incurred on the way too. So track your shipping expenses, people. You will save money when you report your taxes at the end of the day. Chris, do you have anything to say about that or does anyone have anything to say about that topic? Because I don't think it's a card letter question. Although, Chris, maybe it is because you report on these things. Go ahead. Well, you hit it out of the park. And we treat the marketplace as a source of truth. So what the marketplace publishes, that's what we ingest. Now, what's interesting, too, to add on to your point about the fees, and it's a good question. I really enjoy that question. It's a thoughtful question. It's somebody who's thinking beyond just the service level number and thinking like, well, what do I actually care about as an observer and a participant in this market? Do I care about what the buyer paid, or do I care about what the seller netted? And if I care about what the seller netted, you know, that might be a useful tool for me when I'm bargaining at a card show, because if a seller says, hey, I want the full ask of the last comp, and I turn on, say, well, well, wait a minute. The, the. The seller of that card only got, you know, 85% of the 100%. Like, there's plenty of fees and other things. So, you know, you can't. You shouldn't be asking for more than what the seller got of the highest comp. So I understand where a person's coming from on that. They're sort of taking a bargaining position if they're a buyer and they're thinking like, well, you know, a seller can't really ask for 100% of the comp because they didn't. The seller of that exact car didn't get 100% of the comp. So it's a good point. It's a thoughtful point. It's a thoughtful question. But to your point, Jeremy, and to build on top of your point, there are lots of things we don't see. So marketplaces don't publish the sales tax paid on any of these cards, which is like a quiet but very interesting sort of, like, layer of money that got caked on when, like, the sales tax thing really ramped up. And all of a sudden everybody's like, oh, we have to automatically apply this. Which, like, some of us can remember a time in the hobby probably when that wasn't the case, like, eight, nine years ago. Lots of places didn't necessarily automatically apply your local state sales tax. Now everybody does. And those state sales taxes can get exorbitant depending upon which state you're located. And I'm in Wisconsin. The state sales tax here is pretty brutal. It adds, like, a real tax onto cars that I'm buying that end up getting shipped to me. So that's a. That's A whole layer of 5, 6, 7%, whatever it might be that gets caked onto a card that the buyer pays that nobody ever sees and the seller doesn't get it and the marketplace doesn't get it. That's money that goes to the local government. So there's all of these things that are caked on. And you know what I'm surprised about? It's like that none of the comps show sales tax. And part of the reason why is because you don't know there's different sales tax of different buyers. If one buyer is from New Jersey, if another one's from Oregon, and if another one's from Delaware, another one from Illinois, you're going to get four, four different, you're gonna get four different sales taxes. And so, you know, there's no way to sort of uniformly calculate what the sales tax was in any given comp. It. It. You don't, you just don't know what it was. And so, you know, when you have like these extra, like this like extra layer of like maybe an average of 5% per card that never shows up in a comp that buyers are paying, you know, you could say, like, man, that's just like, that's just knocking 5% off of the market here. That's just like 5% evaporating into thin air. But, you know, I sort of like quietly waited to see, like, is this going to have a depressing effect on prices? What's going to be the impact of this? Like back when this started becoming really regimented about four or five years ago, and no impact. Like, it's just like when I'm tracking cards in my card ladder collection, for example, like I put the price I paid, which includes the sales tax. And so like a me as soon as I log the card and like, I'm down 5% because I paid 5% more than the comp, which is being used to track the value. But it doesn't seem to have had a deleterious effect on people's ability to earn an ROI and card so far. You know, the other, another hidden fee is a lot of people use consolidator consolidation services, funding services. You know, I bought my Joe Jackson card for, you know, the, that was $150,000 sale. I paid more than that because I funded most of that sale. So my, my actual cost was over 160, but the comps don't show that. But that's my, my adjusted cost base is over 160 on that card. So it, so there, there are all sorts of fees that are not communicated out there in the public domain. And that's why all you can do is go by the final price on the auction when looking at comps, David. And just people use it as a negotiation tactic all the time. Right. The seller is going to say you don't pay tax. And the buyer is going to say, listen, you don't have to pay the fees of 13.25%. Right. So it always goes both ways. But a little helpful hint to buyers when they mention that when they're like listen, you don't have to pay tax, you always say right away you say I never pay tax. I bought my cards. Boom. Takes it away. Get that 10% off of the sales price or. Well, Mid Atlantic has followed up in the chat. Let's see what he says. He says the value is not just what one is willing to pay, it's just as much what one is willing to accept to be separated from his or her card. That's why what the seller pays overstates value. The reason why I'm kind of chuckling is because I remember bringing this exact point up. Chris, you must we. You and I talked about this years ago, remember? Do you remember me bringing. Raising this issue and we had a good chat. You recall that? Oh Yu-Gi-Oh This was like a live SCL topic. Yu-Gi-Oh Yu-Gi-Oh The exact. This is something Mid, Mid Atlantic Ryan, that I personally believed. Why. Why do the buyers have all the power? Why give the buyers all the power for value? Why is it only worth with some what someone's willing to pay? Why isn't, why isn't it worth the, the, the minimum someone's willing to let it go for? These are not, in many cases, these are not commodities. For commodity cards. It's it, it's you just look at the comps. But for, for, for rare, scarce, oftentimes vintage or rare. For the like rare high grade. For the of course authentic, unaltered high grade cards, it's what are you willing to let it go for? What is. What is a PSA 10, 1952 tops, Mickey Mantle really worth? Is it worth what the. What the seller will let it go for? What a buyer is willing to pay? Because until there's a transaction, those two things are both half of the puzzle. So maybe it's somewhere in between. Maybe somewhere in between. But. Fun comment from Mid Atlantic, David. And one more thing about what a buyer is willing to pay, which I also think is kind of an interesting twist to that is how long are you willing to wait for the right buyer to pay. Right. Where there's a buyer that might be able to pay in three days but really was that the highest price you could get from that buyer or if you ended up increasing it by another 30% and waited 30 days, maybe you would have been able to sell it more. So I don't think it's just what the buyer is willing to pay. I think it's also based on the timeframe that you're willing to take to get the right buyer. You know, that's a consideration as well. Absolutely. And then another consideration when you're selling is especially when you're selling on. And I don't know, I haven't sold with all the big auction houses, but I think some of them pay their consigners before they even get paid by the customers at times. I know collector investor auctions does that. I don't know if anyone other ones do. I was very surprised to learn that they do that. But they do do that. I don't know if it in every case or not, but one-of-one they'll do that. But oftentimes you might have to wait for to get paid by whether it's, you know, Goldin Heritage Fanatics rea. I'm not sure on that. But there can be weights at times as well and you have to do a potential unpaid. Now we're getting kind of, I think off the topic, but that's all interesting stuff. Eric Pugh also said to me, why on earth doesn't Fanatics let you sort auction items by recent bids? Jeremy, please throw your industry weight around and make that happen. Oh, I can have that done by tomorrow. Eric. You know, this is a big, this is a big sort of complaint and Adam that Adam and I both have about the Fanatics platform because we cover those. We cover the premiere. I do the Sunday show and it would sure be nice to be able to do that. So Yu-Gi-Oh I think there's just such a. A backup in all companies as far as tech advancement goes. So unless you're. I mean, I don't know. It seems like car ladder gets things done pretty quick, but I don't know about others. Alex Bridgeport says loved the L the LT index update. Thank you, Chris. Yu-Gi-Oh he's a big Chargers guy. Alex. And then let's see. Kk I don't know if we're up time for this but he says has anyone talked about how you should use card ladder in a down market? Is it the same as in a aspect as in an up market? Has this ever been analyzed? Let's save this one. Chris, can you add this to your list? I really like it. I just don't think we have time for it. But KK we'll get to that. I'll just, I'll just throw one thing to that because that's a fantastic question. And what did people do two, three, four years ago? We, we literally had a, we built card letter in a down market or like we built up the business. It launched in 2020 but like we were, our, our formative years were 20, 22, 23, 24. So. Well, listen, there's a case study there I would just say too like when the question says how you should use card letter card ladder has I see about 12 functions on the left hand menu there. So what are you using it for? The, the sales data, the sales history is what I use it for the most. But a lot of people use it for their, for their collection to showcase. There's all sorts of things you can use you can do with car ladder. But I think this question comes from the, the CL values. I think I'm guessing or assuming that that's what KK was asking about where the CL values. But let's come back to this one, Chris. Okay. Yu-Gi-Oh sit back, sit back, buddy. Skeppy says Jay Lee has never cried on the show before. Tonight could be the night. But Jim Ropex says David is correct. I didn't mean his criticism of you. I meant it as a sad criticism of society. That and Jim, that's why I was kind of having fun with it myself. I didn't suspect that you were. And Bob Boozle disagrees with Jim, says Jeremy is a wonderful person. Mr. Boozo, I'm glad to have you in my corner. Wolf Gator says love this show. Totally enjoy the content. Keep up the good work. Well, thank you for watching. Wolf Gator, who's from the University of Florida, 1853. Thank you for joining us here. Happy to have you in the audience. I before we go to a couple comments that came back. First of all, double O card guy says you get paid on Fanatics when the buyer pays. Yep. Great. I think, I think, I think one of the reasons Fanatics might have a bit of an advantage there because. Well, maybe not. I was going to say the method of payment, you know, like I think a lot of cards are bought by wire and that kind of thing now, especially with the value. So as long as they're being paid in time, Yu-Gi-Oh you might not have to wait that long. So appreciate the that comment from Jesse and then okay, so I want to go to Propel Fitness Water with Gatorade Electrolytes, zero sugar and vitamins Propel hydrates better than water to help you get the most out of your workout and get back to your best self. What propels you propel with Gatorade Electrolytes this Labor Day at Lowe's, get up to 45% off select major appliances plus deals on select materials and tools to keep the job moving. Right now, get a free DeWalt 20 volt max battery two pack when you buy a select DeWalt 20 volt max tool at Lowe's, we have what you need to keep your job moving. Battle through 913 while supplies last. Selection varies by location. See lowe's.com for more details. This message is brought to you by Apple Card With Apple Card you earn unlimited daily cash back on everyday purchases like groceries, merch or tickets to the game. Plus it can be used anywhere. MasterCard is accepted no matter your team, no matter where you shop. Apple Card is here to help you tackle game day. Apply in the Wallet app on your iPhone today subject to credit approval. Apple Card is issued by Goldman Sachs Bank USA Salt Lake City Branch terms and more at applecard.com Chronic migraine is 15 or more headache days a month, each lasting four hours or more. Botox Onobotulinum toxin a prevents headaches in adults with chronic migraine before they start. It's not for those with 14 or fewer headache days a month. It Prevents on average 8 to 9 headache days a month versus 6 to 7 for placebo. Prescription Botox is injected by your doctor. Effects of Botox may spread hours to weeks after injection causing serious symptoms. Alert your doctor right away as difficulty swallowing, speaking, breathing, Yu-Gi-Oh problems or Mosaic weakness can be signs of a life threatening condition. Patients with these conditions before injection are at highest risk. Side effects may include allergic reactions, neck and injection site, pain, fatigue and headache. Allergic reactions can include rash, welts, asthma symptoms and dizziness. Don't receive Botox if there's a skin infection. Tell your doctor your medical history, Mosaic or nerve conditions including als, Lou Gehrig's disease, myasthenia gravis or Lambert Eaton syndrome and medications including botulinum toxins as these may increase the risk of serious side effects. Why wait? Ask your doctor, visit botoxchronicmigraine.com or call 1-844botox to learn more. I want to go to an earlier comment here from gone Collecting. This one is it's already a while old, but he says it's important to consider that only a few key vintage non sports cards and iconic sets have seen massive price increases. This goes back to the non sport conversation from earlier that we were having, David, where you were more involved. I don't know that I have much more to say except that I'm hearing that it's like all modern, non. Not all modern, but most modern non sports. Like I don't know about like James Bond cards, but I'm hearing all a lot of good stuff about the Disney stuff and the spongebob stuff and all that. But one-of-one this is the comment that another one from Jim says, david, but are you confident PSA would be ready? So what we're talking about here is the influx of all the cards that have gone up in value that are sitting raw in collections that will now get sent to PSA for grading. And Jim asks, are you confident that PSA is ready for that? He says, I'm not because PSA has already shown multiple times that they are terrible at capacity management forecasting. Listen, I mean they're gonna take in what they can take in, but are the owners gonna pay $80 plus per card on these? Most of these like, like the 35 Mickey mouses that David and I both love are. Most of the raws that I've seen are in horrible condition. Are people gonna pay 80 bucks to grade them? I don't know. David, do you have any thoughts on these two comments I just brought up and then we'll get back to them for what Jim's saying. I don't think it really matters because what I was trying to say is I don't know if it's going to be three months or six months or if it takes them nine months once they open up bulk grading. But there's going to be a period of time that we don't know the pop counts after everybody submits everything in. So I don't really. It doesn't really matter. Yu-Gi-Oh PSA is not ready for it. Right. They're going to try to be ready for it when it comes and then it's going to bog them down again and they're going to have another issue with how fast they're going to be able to grade things. But let's hope that they clear the pipeline enough and then when they do accept grading, expect to be waiting a while and that's the amount of time that I think is going to take before the POP counts really move. I'm just speculating though. Yu-Gi-Oh Eat Sleep wants to know, is everyone collecting non sport Here, I think the answer is a huge no. Eat, sleep. I think on this panel, me and David are really the only ones I'm aware of that are, you know, have a dozen or more cards in our collection sort of thing. Although I don't know, I'm. And I don't collect any modern non sport. I only collect vintage non sport. Is chess considered a sport? Like if it is, I, I disagree personally. Chess, boxing. Chess, boxing is a sport. If you haven't watched that, like when poker showed up on the sport networks, you know, it's like, come on. Oh, but then they'll tell you. Yu-Gi-Oh but they're marathon sessions. Yu-Gi-Oh but you're sitting down the whole time and you're eating and drinking. It's not a sport. Come on. It's a, it's a mind sport. I suppose you could say people say the same thing about poker. People always say that about poker. It was on espn, right? Didn't I just say that? What did I say? Oh, did you not say poker? Sorry, I meant poker. Did I say poker? Maybe I thought you're talking about chess. Maybe I was wrong though. I think I just said. Yu-Gi-Oh I said when poker came on the sport channels, I like. What do you mean you're sitting down? It's getting late, Jeremy, you know, I can only hear one out of every three words you say. Just so I'm clear though, are you saying poker is a sport, David, or isn't this. No, I, but people would argue that like in nerdy circles that I was in. Because it's on espn, which is a sports network. Right. So that was the only thing that really said it. I agree it needs to be physical for it to be any kind of sport. But is like curling a sport? You know, is dart throwing a sport? What about dart? How about dart throwing? I don't know, man. I don't. But I just like Brad does confirm I said poker. And this is the ca. This is great because guys, you know, I'm often distracted by the comments and I hear about 70% of what the people on the screen are saying to me and, and David. These, the guys, David and Joe, who've been doing this with me for years. Well, David knows now. He, he, we talked. Joe knows you all know, Chris knows too, and Josh. But, but Dave, this is great because this is the first time that David missed something that just was just spoken. So I'm glad I have that in my back Beckett when I need it. Very nice. You said eating, I believe. Did I say eating? I don't know, is eating a sport? That's another one, right? That's a good one. All right. Great comments, everybody. Jim says Jeremy's ability to filter through so many comments live is impressive and greatly appreciated. Appreciated. Props. Well deserved. Based on effort, awareness. Oh, Jim's giving me a nice comment now. A nice compliment. No, I appreciate it, Jim. It's. It's hard, I'll tell you that. It's hard to do, and I wish I was better at it so I could really understand and, And. And just process everything that is being said by everybody at all times. Anthony says darts is a sport. It is physical. I. I don't disagree. Cheerleading a sport. I mean, is dancing a sport? Cheerleading is a form of dancing. That's how I see it. I would. I would think it would be. How about billiards? Huh? Billiards. How about billiards? Pool? Yu-Gi-Oh I think so. I think it is. It's not as physically exerting, but like, you know, you're using your. You're using your body to move the object around in a strategic way. You know, you're only moving your arm, you know, and you're positioning your body in a way to. Just like darts, it's very similar sort of thing. Whereas, you know, basketball, football, hockey, baseball, you're moving your body, you're moving an object. You. You often have a tool, whether it's a stick, a bat. Basketball doesn't really have a tool, but they don't pool. You have. You have your cue. I think. I think it is. Is WWE a sport? I think it's more entertainment. But those guys are athletes. You know, you can't take the athleticism away from them. Anthony says billiards, of course, is a sport. Yu-Gi-Oh Cheryl says pro wrestling is a sport. Predetermined, but it's a sport. Yu-Gi-Oh I don't disagree. Just having some fun. Anyone else? Anything else you want to talk? Anyone have anything to say at all? Joe, how you doing? How you hanging in there, Joe? You look tired, buddy. Yu-Gi-Oh I need to go to sleep. I'm sorry. I cracked it this morning and went surfing, so I'm a little bit under. It's all right, buddy. We'll let you. We'll let you drop off if you want. If you're gonna go to sleep. Okay. Get some rest. Sleep well, everybody. Yu-Gi-Oh Have a good night. Later, man. Take care. Take care. Take care. There was. There was a newbie in the chat who was, like, wondering what Joe was doing. That was pretty funny. Like this comment here. This comment here says, love the show. But why is this Joe dude being so disrespectful to the stream by coming and going four to five times in 20, taking his hat off and on making faces. Maybe take him off the stream. Well, Slot Cali, welcome to the show. Glad to have you. But Joe's been a part of this for, you know, several years and he can come and go as he pleases. That's just how we run it here. But thank you. Possibly the most respectful person there is. Let's just put Joe is one of the most. Yu-Gi-Oh The most supportive, loyal and wonderful people in the hobby. So Yu-Gi-Oh if you know Joe slot Cali, you. You'd cut him some slack as well, I'm sure. How about hunting? It's a sport. Just the opposition doesn't know they're playing. Charles says let's talk about how awesome David's Instagram is. That's very, very nice, Charles. David does have a killer Instagram going right now at David Chase Cards. Make sure you follow them. Do not follow any account that posts about breakfast, meals, eggs. None of that. Don't follow the egg. The egg accounts only follow. Yes. Don't even say the name. Thank you, Jeremy. I appreciate it. I don't even know the name David. That's why I see, I can't even think of the name right now. No offense against your brother in law of course though, so don't worry about it. Cali says if you, if you can pull a Mosaic I think it's a sport. You rock, dude. Sorry if I offended it, but you're. You didn't know. It's no offense. We're having a good time here and I. But I like the comment if you can pull a Mosaic I think it's a sport. That's. That's Jeremy kind of like can you. What if we change the word from is it a sport to is it athletic? Well that's. I think you can be athletic and it not be. I don't know actually because I was thinking about wrestling but then Charles kind of made well, maybe wrestling is a sport even though it's scripted, but those guys are full out athletes, so. That's a good question. Yes. But as a pool player, an athlete, that's like. What about if we ask it that way? Well, here's what I. And I don't know. I'm not a professional pool player. I have a pool table in my basement. But I don't. I, you know, listen, I'm no, I'm no pro. But then I would come down to me, Chris, training and things like that. Like, is it something that you train for? Not. No, no, not that you train for. It's like odd. It's like F1 and car racing. These guys are in the gym. Golf, well, golf's different. In auto racing, you're literally sitting there steering the car and hitting your pedals. And I don't, you know, is that, Is that sport? I think we agree it's sport. Are they athletes? I think they are. And the reason why I think they are is because they train in the gym. Golf is not the most physically taxing sport of sports. But those guys are in the gym. Now, John Daly maybe never saw a gym in his life, but the. But all these guys, many of these guys that take it the most seriously are in the gym. So if you are training in the gym or cardio sort of stuff, I think that is a, is a, A, a check mark on the way to being athletic. Maybe not sport, but athletic, but fun. Fun, fun. Way to break it down, Chris. I think that makes a lot of sense. Racing. Racing is a sport. I do agree, David. Oh, it's too late. I can't believe I'm about to say this, but how about bedroom activity can be athletic. You could be training and it's not a sport. How about that? Is there. No. I mean there's competitive eating. Is there? No. Is there? No competitive, like banging? I don't know. It's getting late. It's getting late. This is the time for it for sure. A couple. Let's see what we have here. Anything else in the chat? There was Jim. Let's. Let's check in on our friend Josh. You've been hanging for a while. I don't know. Josh, how are you? What's going through your mind through all this? What are we doing here? That's what's going through my mind. What are we doing here? Are you jealous that Joe bring a solution or you just want to. You know. I'm just listening. I'm just listening in. In quiet amazement at the last three minutes. Okay, we'll take that. We'll take that. Hey, next week maybe we can have a lightning round of 90s auctions. Interrogations. Yu-Gi-Oh Josh, why don't. Why don't you publish the. The. Why don't you take out the BP when you publish. I don't know, we'll come up. I get it. Oh Yu-Gi-Oh I'm gonna publish all my bidders names and what they bid on. I'll post on Instagram. There you go. What about You, Josh, you have any thoughts or topics, anything you want to talk about before we wrap this one up? I. I have no thoughts. I just enjoy. Enjoy listening to the show. I'm with Josh. Collector for Life says I'm with Josh. I mean, listen, I. I'm happy you're all here, but you're all welcome not to be here as well. Just so you like. You're welcome not to be here too, but we love having you. Absolutely, Josh, and, And everyone, including Collector for Life. And that's. That's what happens towards the end of the night. Well, Skeppy says. Josh, how about your thoughts on the 90s markets? Pretty strong. Pretty strong. You know, it's. You know, so I'm very optimistic about the 90s markets. Yankees fans says. Yu-Gi-Oh doesn't he know us immature board guys are having a blast? Some of them. Hey, I'm having a blast. David Chase, go. Now we're in silly territory. I'm having a silly territory. But how about this, Josh, if you could have any 90s card consigned to you in this upcoming auction. What's the 90s card? Do you choose any 90s card at all? Yu-Gi-Oh Frank Thomas, Gem Masters. One isn't sold in, like, forever. 97 Gem Masters. That one's missing. Nice. I like it. All right, guys, let's wrap this one up. Thank you all for joining. Fun night. 4 hours and 15 minutes. Want to thank everybody for joining. Want to thank all the podcast listeners who listen all week long, all six episodes, as we break this down. Thank you for hanging in there. You can listen to this on podcast, guys, anywhere you'd like. Yu-Gi-Oh I think that's about it. We'll be back. Well, Josh, we're gonna do an. We're. When are we doing a 90s auctions episode? We're doing one. Is it this week or next week? It's gotta be. Well, hopefully this week because the auction ends the 13th, so hopefully it's gonna be this week. Yu-Gi-Oh I think we're. We're looking at between the third. There was two days. You're gonna let me know what day we're gonna do it, but we'll be doing that and I'll. And trust me, guys, Josh will say a lot more on that episode than he will here than he did here tonight. So come have fun joining. Joining us for that couple final comments coming through here. Slot. Kelly, how often do you stream? Every Saturday night. Every Sunday night, pretty much, and a couple other nights as well. But this is the flagship show and it is every Saturday Night. And we're going on six and a half years of that. Glad to have you join us here. Double o's. Thanks as always to the panel. Thank you very much. Jesse Jahan is just a collector trying to get better. Atta boy. Brad says thanks for spending your time with us tonight. Last few minutes were. Isn't that. Isn't that right, Brad? Thanks for being here, buddy. Philippelli. Thank you, Jeremy Filipelli for being here. As always, situational says have fun making shorts from this episode. Jaylee head. Just a bit of a heads up, guys. I don't make the shorts. Okay. I don't make them. I got a guy who's. We're on a one month trial to see how they go and we're halfway through and so far it's going well. I'm interested. Some of them are getting me into a bit of a bit of hot water here and there. But we're having some fun with them and so I don't make them. I just don't have the time. But thank you for that. What else we got is we're making our way out of here. Yes. Christian, Josh owns a company called 90s Auctions. 90s Auctions.com. you can go and check that out. Absolutely. And register to bid. Let's go. Lgj. I will be streaming tomorrow. Eat sleeping points. I'll be doing the weekly Fanatics Sunday auction. Any watch party here on YouTube as well as on Fanatics Live sports cards is a lifestyle. Absolutely. Charles, thanks for being here. Bye. Bob Boozle. Kk, you are right. I have a shorts guy. He does a great job. Yu-Gi-Oh they're doing, they're doing pretty good. Thank you. Brad is liking them too. Thank you. Thank you. Tony Yankees Phoenix, we're gonna wrap this up. We're gonna go through our little process here. Everybody get ready. We're gonna start with Josh. We're gonna go to Chris and we're gonna finish with David Chase for September 5, 2026. This episode of sports cards live is now over. Over. Oh, and with that, good night everybody. Thanks for tuning in and being a part of the sports cards Live community. Don't forget to like subscribe and most of all, keep collecting more great content to come. Sports cars is a lifestyle. Get business done with the new American Express graphite business cash unlimited card with unlimited 2% cash back on all eligible purchases. Unlimited 5% cash back on flights and prepaid hotels Beckett through American Express Travel online and a flexible spending capacity that can grow with your business. You'll have have the confidence to keep building, apply today and earn a welcome offer of $1,500 cash back after you spend $50,000 in qualifying purchases on your new card within the first six months of card membership terms. Apply. Learn more at go MX Graphite Are you looking for a new favorite podcast? Are you looking for a podcast about movies? Are you looking for a podcast that strictly covers 80s, 90s, 2000s movies? 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Episode summary

What is a sports card actually worth? Jeremy Lee, David Chase, Chris HOJ and the very wordy Josh Adams finish the night by digging deeper into one of the hobby's most deceptively complicated questions: how do we determine value when buying and selling cards? The conversation begins with more insight into Card Ladder and the effort to maintain the integrity of sales data. Chris explains why the goal isn't simply to fix individual questionable sales, but to identify the underlying systems that allowed a problem to occur and improve those systems for the future. From there, the discussion turns to something every collector encounters: the difference between a reported comp and the actual economics of a transaction. A marketplace may report the final price paid for a card, but that number doesn't necessarily reflect what the seller received after commissions and fees. It also doesn't capture everything the buyer may have spent on sales tax, shipping, financing or other transaction costs. Jeremy shares how financing part of a major card purchase pushed his actual cost basis well beyond the publicly reported sale price. So which number represents the card's true value? Jeremy revisits a question he and Chris discussed years ago: why should the buyer have all the power in determining value? For highly liquid cards, recent comps may provide an obvious answer. But with truly scarce cards, shouldn't the owner's willingness to part with the card matter just as much as what a buyer is willing to pay? And as David points out, value can also depend on how long a seller is willing to wait for the right buyer to arrive. The panel also returns to vintage non-sports and the possibility that rising prices could eventually send a large supply of previously raw cards into PSA. How dramatically could populations change once cheaper grading tiers become available, and how long will collectors have to wait before the true supply becomes visible? Then, as tends to happen four hours into Sports Cards Live, things get a little less serious. Is chess a sport? What about poker, darts, billiards, professional wrestling, auto racing and competitive eating? Does something have to involve physical exertion to qualify as a sport, and is being an athlete necessarily the same thing as participating in a sport? Plus, Josh Adams names the 1990s card he'd most like to see consigned to 90s Auctions, and the panel puts the finishing touches on a four-hour-and-15-minute edition of Sports Cards Live. Subscribe to Sports Cards Live on YouTube and wherever you listen to podcasts. Take the Hobby Spectrum Assessment and learn more at thehobbyspectrum.com. Discover cards across multiple auction platforms with AuctionWire at auctionwire.ai and use promo code SCL for 60 days free. Check out Card Ladder for sports card sales history, market data and research. And pick up Jeremy Lee's book, Pops and Comps: Truths, Insights, and Psychology Behind the Numbers That Drive the Sports Card Market, available on Amazon. Learn more about your ad choices. Visit megaphone.fm/adchoices

From the original show

This episode is published by Sports Cards Live.