Priced Out of Wax? Karvin Cheung & Chris McGill on the State of the Hobby

Part 3 continues the “priced out” conversation with Jeremy and Mike Zier, joined midway by Karvin Cheung (creator of Exquisite, The Cup, National Treasures, and more) and later Chris McGill of Card Ladder. What starts as a collector’s reality check on wax prices evolves into a roundtable on distribution, licensing, breakers, and the overall state of the hobby. From $12.9M grails to $800 wax boxes, this discussion spans both ends of the spectrum, and asks whether regular collectors can still find their lane. Highlights Collector angst: returns shrinking while wax prices soar Breaking then vs. breaking now, does it still offer value? Carvin on licensing, distribution, and why the ecosystem fuels high prices Chris McGill connects rising wax costs to broader inflation and everyday life Is “don’t open it” the only way to push wax prices down? The tension between million-dollar grails and collectors just wanting affordable packs Discipline, budgets, and staying grounded in today’s market If you want straight talk on wax costs, the breaking economy, and the state of the hobby from both collectors and industry insiders, this episode is for you. And don’t forget, watch Sports Cards Live most Saturday nights on YouTube for live, interactive conversations with hobby voices at every level. Learn more about your ad choices. Visit megaphone.fm/adchoices