The name of the game in this industry is not bankruptcy and drifting into the darkness, it’s all buyouts and merging. BGS isn’t going to just disappear. Their services can and will be made highly profitable with the right leadership.
I maintain the fanatics one is a head scratcher but 
Ludkins 2: Electric Boogaloo
I don’t think it would decrease existing slab values. People still value the slabs based on BGS opinion.
BGS 10s get a much higher premium than PSA 10 for a reason.
Long term BGS will be bought /revived.
Ultimately this is a good thing, but short term pain is to be expected.
Even if BGS closes its doors (not going to happen), the existing bgs 10s would likely gain an even higher premium and be even more sought out knowing theres a limited amount on the market set in stone. Its known as the harshest and strictest grading company regardless if their customer support is trash. Their grading standards are top tier. Its one of the most established grading companies in the world. If Beckett ever goes under, their 10s become even more exclusive knowing there would be only a limited amount in the market. I thought people were joking when they said the value would drop significantly thats why I laughed. Im specifically talking about gem mint grades.
I don’t think anyone could say definitely one way or another. Sure, the total supply would be capped, but a “dead” grading company is going to lose a lot of demand as well. You won’t be able to complete sets as easily, and anyone who wants uniformity in their collection could dismiss BGS because any of the newer cards they like couldn’t match anything they already have. Name recognition may decrease over time as well, and the grading standards BGS has around the gem mint level could decrease in importance over time as well.
I could also see it being something like old CGC labels. People may value them in the future if they think they’re strong for their grade, crack them out, and submit somewhere else.
Let’s do a poll.
If Beckett closes it’s doors for good, what happens to slabs in circulation already.
If BGS goes under the biggest issue is if you have a submission with them and how long it would take to get your cards back.
The brand will likely be revived if it were to go bankrupt.
These are the scenarios in my mind:
1- BGS is bought
2- BGS declares bankruptcy
3- BGS magically sorts their sh!t out and gets a boom in submissions
From the lawsuit, we can deduce that 3 is not likely as supposedly all their profits are currently going to paying off the debt of their parent company. They cannot reinvest in their own business.
1 or 2 is most likely but why would a buyer purchase it now when they can essentially wait for it to go under and then buy for pennies on the dollar?
Yes option 1 could happen to avoid competition from other interested parties… but who knows.
I don’t think them going under would increase the value of BGS 10s though as most people want to collect more of the same thing.
People collect and thus like to complete sets. Imo this is one of the reasons why PSA commands more overall value per card because of the fact most Pokémon collectors (historically) have more sets in PSA slabs, so they grade/buy PSA.
Let’s also remember that new collectors prefer the overall PSA experience.
The only thing BGS has over PSA currently are the subgrades / slab design (in my opinion) / black labels which are only really collected by a small % of collectors.
They have done a lot in recent months to level up, most notably their grading submission system, but it’s still quite far behind even a company like CGC.
I don’t however think it would lower existing slab values.
Imo bankruptcy is more likely, but I hope they are bought by a company who actually gives a sh!t about the brand and reinvests in Making BGS Great Again.
MBGA
Asking this poll in efour is like asking a Texan if they have the right to own a gun.
I was seeing a lot of wishful thinking from the Beckett collectors, so figured a poll would help out.
If any company goes under, their products will go down atleast a little bit. The thought of “there won’t be any more 10s added to the pop” doesn’t apply. CGC perfects - no one really cares they are forever a pop 1. Collectors with uniform slabs will shift away from Beckett. Look at some Beckett collectors on e4 when BGS was talking about just changing the label, they were ready to be done with BGS slabs.
Brand recognition is only as good as the company is actively grading. Nobody will associate with it when it stops, rather the current slabs will be cracked and submitted elsewhere
The one way I see value go up is if there’s FOMO regarding getting your hands on a slab. Idk what or why there’d be FOMO, but after seeing the amount of people pay extra to basically beta test for 3 days of “early access” in games, then I can see FOMO for anything.
Again, this is under the opinion that the company isn’t bought and dies out - which is unlikely.
Most people grading BGS now are BGS fans - it has a core following.
Can I borrow your crystal ball?
I don’t really want this post to be a “let’s get on the hate BGS train” which is sadly common in this forum.
My intention was to alert people about this as I (as someone who mainly grades with BGS) didn’t even know about.
I had hoped it would save people headaches if they had cards planned for BGS.
Let us keep it like that please - comments about slab value is absolutely baseless either way (no one can predict how markets operate) and is quite pointless, and irrelevant to the topic discussion.
Of course the value of a slab from a defunct company is going to drop. That’s how this works. When something becomes obsolete, no one wants it anymore. Real examples:
There are two points where the logic of the counterargument (ie. BGS prices will go up if they stop grading) fails. The first is to think of the slab like you would a card. A card’s value is positively impacted if it suddenly becomes scare or limited. This is not how people treat the slab. There is no special “PSA/CGC old label” premium. People do not consider the slab collectible, they are primarily value amplifiers.
The second assumption I would disagree with is that people will continue to pay premiums for a defunct BGS slab because they are so good at assessing condition. Regardless of how you think about that, let’s assume it’s true. The problem is that past a certain point of mint, collectors don’t actually value condition anymore. What they care about is the value amplification potential of the slab. That’s why a CGC Pristine/Perfect never reached the price of a black label, because it has nothing to do with condition and everything to do with value perception. Following that, the second something harms the value perception of a black label (ie. they become defunct), the premium drops off. The hobby moves fast too. A situation where BGS no longer exists, within a year or two the slabs will already begin to feel old and weird and generally undesirable. Again, we have the perfect example of CGC blue labels.
Ultimately what would happen to the value of a BGS slab is that it would begin to approach whatever the next best option is. Meaning, if CGC pristine became the top of the market, the black label price would approach that because of the crossover potential.
All this said, I want to clarify two things
No, but you can borrow the crystal balls of pre-2000 sports grading companies you’ve probably never heard of. This applies to any brand right now, not just BGS
the fact you can get cgc perfect for lil more than psa 10 price is hilarious 
Back in the day, sports had PSA, SGC, BGS, and GAI (Global Authentication Incorporated). GAI went bankrupt and overtime their slabs have lost value and their grading scale untrustworthy. *At least that’s my understanding, not a big sports guy myself, just noting an example here
A perfect demonstration of how perceived value beats out actual condition every time.
Also it makes sense because the value of the defunct CGC slab becomes the price of the PSA 10 or CGC Pristine copy minus the cost (time and money) to upgrade it.
