Logan got scammed out of $3.5 million on some rare Pokémon cards:
The box was gutted and refilled with GI Joe cards. A company that specializes in reviewing vintage trading cards, the Baseball Card Exchange (BBCE), was initially brought in some time ago to verify if the boxes seemed legit, which they believed to be the case at the time. Though after further speculation, they opened the box to reveal the contents being a total sham.
Unsurprisingly, the BBCE's reputation took a massive hit from this massive blunder. It's a really bad look to say the least, considering their business was all about verifying expensive cards for collectors to purchase.
They tried to address the fallout on Twitter, though it hasn't gone over very well, considering various Pokémon nerds debunked the box's authenticity from their own rooms while an "expert" miserably failed to verify it in-person:
Assuming this was the same guy, Logan's "card dealer" has been called out in the past for being super sketchy with some of the deals he's made in the past. This was not the first time this guy has sold a tampered box to some interested collectors.
I recommend reading through this short thread from last year for some additional context:
He’ll likely get a full refund if he hasn’t already. I once bought a box set off of eBay and the dvds didn’t match what was advertised. eBay sent me a full refund within an hour no questions asked.
The organizations that do grading, signature verification, etc. have always seemed kind of sketchy to me, or at least unreliable. That aussie speedrunner (with an asian wife) recently did a video about a company like that doing shady shit wrt video game collecting. Something about them colluding to jack up the price of retro games.
It also seems kind of retarded to spend millions on fucking Pokemon cards, but I guess it's not too different from NFTs.
Say what you will about spending millions of dollars on children's trading cards, but if you are genuinely passionate about what ever it is and its history that you would want to spend such a large amount to preserve it in your own collection, that's one thing. But hollowly shelling out millions of dollars for extremely rare and niche collectors items when you could not even give enough of a shit to make sure they were genuine because it's the hot thing on YouTube is beyond shallow and a testament to current "influencer" culture at the least.
Logan also recently bought a bunch of high end custom modded gameboys and ruined them by covering them in epoxy to build a gay table so he's not on the sweaty nerds good books lately
Collectible markets have been filled with scams, suckers, and speculation for ever. The Paul brain trust doesn't have the mental capacity to plan out something simple like using their influence to attempt to artificially inflate an already highly speculative market. Collectibles like these are 99.9% extrinsic in value and only stays high while the buyers has disposable income (aka buyers are 20-40). The entire thing is a house of cards filled with tulips. It is all trust on the part of authenticators and auction houses with zero real safeguards to stop collusion or manipulation until after a sale. Even markets with a better split on extrinsic and intrinsic value like gold coins can easily be manipulated. Hell a group of scammers who have been convicted before for miss representing coin values are now doing the exact same scam again with old video games.
Collect things from your childhood that are the same cost now as then. Never collect on things where the value is almost entirely speculative. The Pauls can look as rich as they want but those who stay rich are those who know how to spend wisely. A fool and their money are soon parted be it spent on pixels, plastic, or pokemon.
This dude's a fucking retard. This isn't even the first time he's gotten scammed this badly, on an episode of his own fucking podcast he traded with Aaron Carter one of his chains with one that was allegedly 50,000 dollars (it was only around 6000 dollars). The holes in his head must be increasing or something
distributors not being scared shitless of stocking products due to the amount people screaming obscenities at 'em for not stocking a certain product at that particular time.
i definitely think it's staged, and i don't get why people think it's not. he's just doing standard YouTuber bullshit and with insane clickbait titles and outrageous premises.
while i do think Logan's a douchebag, he does seem to be more intelligent and self-aware than many people realize. he is by no means smart, but if you look at his attitude pre-suicide forest drama compared to now, there's a striking difference. if i recall correctly when it was mentioned on a podcast a while ago, he looked genuinely uncomfortable and ashamed while discussing it. he's definitely got more going on upstairs than his brother.
he's just playing the clickbait YouTuber game. which is still fucking retarded, but this is getting attention and clicks. hell, i bet he knows people will spread it because "haha karma!!!!1!". he's undoubtedly a fag but he sure as hell knows how to get views.
IIRC the older douche bro was going hard with the NFT scams while the younger douche boxing bro was busy boxing, and afterwards jumped on the train when he saw how much was being made.
It's been shown in this thread that the case existed before Paul got it and was suspect for months ahead of his acquisition, and that an actual company's reputation has been impacted by this sale.
Why is this featured? Do people really care about how this guy mismanages his money? like to the point of sadistic joy at his stupid blunders. Kiwifarms seems like it's always walking the tightrope of obsessive weirdoes and just having a good time laughing at "exceptional individuals"
I know people need hobbies, but generating calculated outrage over purchasing acres of paper that serve no function and are more valuable than your Earthly existence is probably not the most cost effective way of dimensionally merging with Susan Wojcicki.
Ironically, Ethan Klein/H3 podcast did this very thing 11 months ago. They bought/made a bad box on purpose and upon unboxing it they turned out to be Desert Storm US military trading cards.