- Joined
- Aug 3, 2021
Yes and no. If he were to sell them to TCGplayer itself, he would be selling them for buylist prices, which are usually only slightly higher than what a store will offer. If he were to sell them through TCGplayer as a marketplace, he would pay a small fee - but the risk is that some of the more-expensive cards (dual lands, cradles, etc) are still hundreds of dollars, and not infrequently go missing in the mail or have the buyer feigning ignorance.
There's always something of a risk with anything that involves shipping. This is what allows stores and collectors vis a vis Alpha Investments to pick up extremely expensive cards on the cheaper side, as dealing with someone reliable is often worth the haircut for people who are selling them off. However, these kinds of sell-offs are also usually done... with something in mind. Buying a house. Having a child. Buying a car. Financing a move, etc. etc. Boogie would be selling them because he refuses to sell a house he can't afford. In his mind, he'll always be able to fleece just enough to get by, so he'd may as well wait for their price to increase before he flips them.
Which leads me to why I don't think the cards have sentimental value for him. Most magic cards are worthless. The vast majority of them aren't even worth a dime. There's almost no point in selling bulk cards like this, and if you want sentimental value - there you go. Or you hold on to one or two expensive cards that you have memories with, or maybe even a whole deck. That's not what his case is. See, in MTG, there was a huge boom in 2020-2021 due to Cryptoretards "diversifying" into collectibles. You know, instead of investing in index funds or stocks, they decided that buying up collectibles would send them to the moon. Not dissimilar from that retarded obsession with grading old video games, the price of MTG reserved-list cards (they will never be reprinted, so the promise from WOTC goes) spiked dramatically over the course of 2 years, which meant easy returns (that weren't classified as investments) for the people who had large positions of them.
The cards that Boogie was trying to sell off in the video are all reserved list. RL cards see play in effectively 3 formats of the game, and all 3 of them frequently allow for proxies owing to just how expensive the cards are. I doubt he uses them in decks; I doubt he has sentimental attachment. I suspect he "diversified" his crypto by buying up all these cards that were going to the moon, and have since shed hundreds of dollars from their price peaks. Here's an example: Cradle was a $300 card for a long long time. It spiked to over $800 in the great frenzy, but has dropped several hundred since. At buylist prices, we're looking at maybe being able to turn them in for $5-600, if that. Given the time-frame of when Boogie thought he was financially successful, it seems like he probably shelled out at the high and is poised to break even (not even, given inflation) or take a haircut.
For you or I, that actually doesn't seem like a terrible deal: an investment shit out, but you're taking a dollar on the dollar, or even maybe 90c on the dollar. Could be a lot worse. For Boogie, this was likely part of his grand, ingenious, infallible financial strategy and by jove he'll be rewarded for his diamond hands by collectibles somehow spiking in a global interest rate spike and market correction.
except now it's just his rambling series but longer with zero effort compared to what the original Power of the Internet podcast was supposed to be!
