Upon my return to our beloved Hobby I quickly embraced the “Repackaging” trend as in many ways I missed the initial releases or opportunity to pull some of the “hits” during my hiatus.
Now after several case breaks I am quickly burnt out. As I mentioned in my previous blog post – Sketch cards need to go – or at least add some innovation. When you take a product like 2014 Leaf Best of Basketball which is retailing for over $250 a box and you only get two cards….I prefer NONE of my money goes towards an artist I never heard of making a sketch of a random player. With over half the of the ones sold on ebay bringing in less than $20 there just isn’t much “value” in many collectors view for the “1/1″
Putting the gimmick of a “1/1″ aside let’s discuss the buy-back inserts. Using my case as a sample I don’t see any card I couldn’t buy for $100 or less. I understand manufactures have to accommodate for overhead and packaging costs…but in a down economy I feel if I walked into a national cardshow with $50k-$100k of cash I could
leverage those finances to swing some fairly significant buy opportunities with dealers. Cash is king…and I grew up in an industry where Al Rosen, Mr. Mint, was infamous for walking up to a dealer, buying out his inventory….and putting his own guy behind the table to start selling instantly.
I don’t expect Leaf to lose money…and I don’t expect to make money on any of my breaks. But the disparity between laying out $750+ for a case versus the value being returned in the individual cards is becoming far too great.
This hobby has consistently worried about attracting younger collectors (which we seem to have blown right past with today’s prices) but I think more attention should be paid to keeping your existing collectors into the hobby.
For now I am pulling back on purchasing any repackaged product until I start to view better results….hopefully my overall collecting habits wont take me all the way out of the stadium again.
Until Next Time,