PSA and eBay partnership introduces new,
customer-focused vault experience with streamlined grading, storing
and selling of trading cards
SAN
JOSE, Calif., May 16, 2024
/PRNewswire/ -- Collectors, parent company of PSA, and eBay
Inc. (NASDAQ: EBAY), a global commerce leader that connects
millions of sellers and buyers around the world, today announced
they have closed a series of previously announced transactions.
This summer, eBay and PSA, a leading third party authentication and
grading provider in the collectibles industry, will launch a new,
seamless, end-to-end experience to the trading card hobby ("The
Hobby"), enhancing the collector journey by unlocking new markets
and benefits.
The transactions included the sale of Goldin from Collectors to
eBay and the sale of the eBay vault from eBay to PSA, along with a
commercial agreement that will create the new, combined vault
product offering.
The partnership will support streamlined buying, grading,
storing and selling for collectors of all types, bringing together
eBay's best-in-class marketplace platform with PSA's expert grading
services and vault product. Complementary service offerings from
eBay and PSA will be combined to remove friction from The Hobby and
power a comprehensive, integrated program. The companies are
focused on improving The Hobby through trusted transactions,
accurate and transparent data, a deep inventory of items across
price points, and a shared belief that the customer should be at
the center of every decision.
The new, enhanced customer experience will launch with a suite
of features, offering more seamless transactions and extensive
data-based insights to support decision-making for trading card
collectors:
- Customers will now have consistent access to the vault whether
buying or selling on eBay, grading with PSA, or submitting items
directly to the vault for insured storage.
- For cards submitted to PSA for grading, customers will have the
ability to elect to sell those cards on eBay, vault them, or have
them sent back home to showcase in their personal collection,
simplifying the entire process and supporting reduced shipping
costs and time.
- Within the PSA app, a full collection and inventory management
experience will be available at users' fingertips, including
real-time tracking of any item's value, via recent transactions and
utilizing PSA's pricing data.
- eBay will integrate real-time transaction data and PSA
Population Report data directly into listings for relevant
collectibles, providing buyers with a clear understanding of an
item's rarity, grading distribution and importantly, pricing. This
can help buyers make more informed decisions by understanding how
many items of a similar grade are in existence, while access to
consolidated pricing data enables smarter buying, selling and
trading decisions.
- Using image-based listing capabilities, eBay customers will
also be able to scan graded trading cards to create and populate
new listings with greater speed and accuracy, including
attributes like the certification number, product, set, year, team,
player, and features such as parallels, foils, insert, and card
number.
"The most exciting part about this partnership between PSA and
eBay is on the horizon, and we cannot wait to introduce a
game-changing experience that will benefit collectors within The
Hobby at all levels," said Collectors CEO Nat Turner. "Reducing friction for hobbyists at
every step in the collecting journey is always a key goal of ours,
and combining efforts and strengths with an industry leader like
eBay allows us to effectively address each of those steps. As a
collector myself, the idea of being able to grade a card with PSA,
then utilize the vault to either store it securely or make it
available to other collectors on eBay in an instant is a major win
for everyone who participates in this hobby."
"eBay is relentlessly focused on providing the best inventory
and the highest level of trust for our global community," said
Jamie Iannone, CEO, eBay. "These
deals further our mission of reinventing the future of ecommerce
for enthusiasts, and we believe our shared expertise will inspire
even more people to sell, shop and collect with
confidence."
eBay's acquisition of Goldin, a leading US-based auction house
for high-value trading cards and collectibles, will enhance
existing marketplace offerings by expanding the range of inventory
available to customers and opening up an expansive new audience for
Goldin consignors. This will enable a more well-rounded collecting
experience across price points and bring some of the most exciting,
exclusive inventory to eBay customers.
"I am thrilled for Goldin to join eBay and begin its next
chapter introducing a whole new audience to our curated Elite
auctions, the Goldin 100 and our amazing selection of one-of-a-kind
collectibles and sports memorabilia," said Ken Goldin, Founder and CEO, Goldin. "We are
ready to get to work creating an exciting new experience for
collectors and building the future of The Hobby for
enthusiasts."
About eBay
eBay Inc. (Nasdaq: EBAY) is a global
commerce leader that connects people and builds communities to
create economic opportunity for all. Our technology empowers
millions of buyers and sellers in more than 190 markets around the
world, providing everyone the opportunity to grow and thrive.
Founded in 1995 in San Jose,
California, eBay is one of the world's largest and most
vibrant marketplaces for discovering great value and unique
selection. In 2023, eBay enabled more than $73 billion of gross merchandise volume. For more
information about the company and its global portfolio of online
brands, visit www.ebayinc.com.
About PSA / Collectors
Collectors is a leading
provider of authentication, grading and collection management
services to the collectibles market. Collectors provides
best-in-class products and services that allow hobbyists to grade,
authenticate, research, vault and sell their trading cards,
memorabilia and other items. Collectors divisions and subsidiaries
include PSA, PCGS, WATA, SGC, Card Ladder and the Long Beach Expo
collectibles trade show. More information is accessible to
collectors and dealers at Collectors.com. For more information
about PSA, please visit www.psacard.com.
About Goldin
Founded in 2012 by the star of the hit
Netflix docu-series 'King of Collectibles: The Goldin
Touch,' Goldin is an internationally renowned leader in trading
cards, collectibles and memorabilia. As the go-to marketplace for
the very best collectibles across sports, pop culture,
entertainment and history, the company routinely sets records for
the most expensive memorabilia ever sold. Trusted by lifelong
collectors and new hobbyists alike, the company has made over
$1.2 billion in sales since its
humble beginning in 2012, and founder Ken
Goldin has sold more than $2
billion in memorabilia over the course of his illustrious
decades long career. Goldin is the official auction partner of the
Naismith Memorial Basketball Hall of Fame, The Major League
Baseball Players Alumni Association and the Babe Ruth Birthplace
and Museum. Learn more at Goldin.com, and on X and
Instagram.
Forward-Looking Statements
Certain statements herein
are "forward-looking statements" within the meaning of Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Such forward-looking
statements are often identified by words such as "anticipate,"
"approximate," "believe," "commit," "continue," "could,"
"estimate," "expect," "hope," "intend," "may," "outlook," "plan,"
"project," "potential," "should," "would," "will" and other similar
words or expressions. Such forward-looking statements reflect
eBay's current expectations or beliefs concerning future events and
actual events may differ materially from historical results or
current expectations. The reader is cautioned not to place undue
reliance on these forward-looking statements, which are not a
guarantee of future performance and are subject to a number of
uncertainties, risks, assumptions and other factors, many of which
are outside the control of eBay. The forward-looking statements in
this document address a variety of subjects including, for example,
the potential benefits of the commercial agreement with Collectors
and acquisition of Goldin, including with respect to eBay's
offerings and the impact on buyer and seller activity, as well as
the potential impacts of the sale of the eBay vault. The following
factors, among others, could cause actual results to differ
materially from those described in these forward-looking
statements: the possibility that eBay may not fully realize the
projected benefits of the commercial agreement and acquisition; and
business disruption following any of the commercial agreement,
acquisition or sale. In addition, actual results are subject to
other risks and uncertainties that relate more broadly to eBay's
overall business, including those more fully described in eBay's
filings with the Securities and Exchange Commission, including its
annual report on Form 10-K for the fiscal year ended December 31, 2023 and subsequent quarterly
reports on Form 10-Q. The forward-looking statements in this
document speak only as of this date. We undertake no obligation to
revise or update publicly any forward-looking statement, except as
required by law.
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SOURCE eBay Inc. and Collectors
