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In response to
"Oof. Topps was going to go public through a SPAC merger later this year. -- (link)"
by
spamlet
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This is going to be fascinating and likely kill the hobby.
Posted by
Will Hunting (aka JoeMetz)
Aug 20 '21, 06:41
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Fanatics has no card experience. They paid a ton and will need to make up that money somehow.
In cards, there’s two options to do so. Either flood the market and kill the demand under a supply surge (see the crash in 1992/93 when cards were nearly worthless.)
Or
Keep supply limited and increase prices. Topps has tried to thread the needle the last year (another boom period) and prices have doubled as well as supply… but not massively overproduced.
Topps tapped out so Fanatics has to make X$ in a way to not kill the hobby or price normal people out. With no experience in doing so.
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