[dimarco73]

For those that follow such thing.  Back in November PSA cards was sold off to a group of investors for $700 million.  The group includes a company of new NY Mets owner Steve Cohen.  Interesting but not the most interesting thing.  
One of the investors in the group includes a guy named Nat Turner,  who is Nat Turner you may wonder?

This guy is a billionaire and a sports card collector.  No, he did not make his fortune off sportscards,  he was a many times over millionaire by age 24, selling an internet ad company to Google for close to $100 million.  Then followed that sale up about 2 years ago by selling a start up health research company for over $1 billion.  

Anyways,  he now owns part of PSA and is the one steering the ship.
 But the very interesting tidbit of this whole thing is.  He is also considered the owner of the largest stockpile of unopened sportscard inventory of boxes and cases,

So, the guy that owns PSA card grading is also the guy that has the ability and means and interest (as a collector, an investor and owner) to manipulate the sportscard industry across the board.

Also, shows the amount of wealth that has been pumped into the hobby over the past year and why prices have soared.

[jaredhuizenga]

Is there any way this isn't going to lead to some shady business? I think it nearly impossible.

[dimarco73]

Agreed 1000%

[Phillies_Joe]

I assume PSA will be branching out to other grading / auth. besides cards for that amount.

[rjcj2017]

Yet another reason I don't do graded cards.

Don't own them, don't buy them, don't trade them, don't want them.

[mgruber2]

That seems like an awfully high price to pay for PSA. $700 million??? They really wanted it didn't they. Makes you wonder......

[ricelynnevans75]

That seems like an awfully high price to pay for PSA. $700 million??? They really wanted it didn't they. Makes you wonder......

It was actually Collectors Universe as a whole, of which PSA is a part of, that was sold for that much.  Aside from card and coin grading though, I don't really know what else that entails.