00:35:39 · Jordi Hays, Darren Rovell, John Coogan
[00:35:39] S0: Mhmm. [00:35:41] S4: I don't know. They they do have to figure out how to not have $17,000,000 cards on one, you know... [00:35:49] S0: Feels like if you're transporting $17,000,000 of merchandise, should transport it yourself or work with like a Brink's, you know? A style service. [00:35:58] S4: By the way, when I've had some really valuable stuff to PSA, I've flown from New York, I've gotten it graded on the site and I've flown back. [00:36:05] S1: Mhmm. [00:36:06] S4: What what is really interesting and this is an interesting business story is that FedEx is now cheaper to send something than UPS, than than USPS, than the postal service. [00:36:17] S1: Wow. [00:36:18] S4: And... But the issue is you... For... If you say you have a collectible, you can only get $1,500 of insurance. So let's say I show up to FedEx with a $30,000 item. Mhmm. Am I gonna tell them it's a collectible? No, because it is a max of 1,500. So what happens if I say it's something else? Well what happens if it gets lost? And now I've I've I've I've... It's like they don't even know the class of what it is. And what happens if I say it's $30,000? The most likely thing is for someone in the store to steal it. [00:36:47] S1: Sure. [00:36:48] S4: So it's very hard for collectors now given the price of everything To really... [00:36:54] S0: How the watch world solved this? [00:36:57] S4: I don't... Well, the watch world solves it in a way because the people who originally received the watches fly to places to their dealer, you know, at least originally.
00:36:57 · Darren Rovell, John Coogan, Jordi Hays
[00:36:57] S4: I don't... Well, the watch world solves it in a way because the people who originally received the watches fly to places to their dealer, you know, at least originally. [00:37:11] S1: Pick them up on sites. Yeah. [00:37:12] S4: Secondary, you know, I know a guy here in New Jersey who flies to, you know, Saint Louis because he's one of five guys on the Rolex list and he has to buy another $100,000 in jewelry every time, but at least he's flying. Mhmm. But there there is so much money going on these things and there really is no solution. I mean, theft is theft, but like lack of insurance and not understand like it's it's it's hard for a collector now. [00:37:40] S1: Yeah. We saw a bunch of the tech leaders sign autographs at one of these White House dinners. They're kinda all over the place. Jensen has like a fantastic beautiful signature. Greg Brockman just signed some initials in No, no, cursive. Yeah. Some people are all over the place. [00:37:57] S0: That's gonna be one of the most rare pulls that you can get. [00:38:01] S1: The GDB? Twenty fifty. The GDB. It's GDB original? GDB. Reaction to the wide variety? If you imagine yourself, if you're manifesting becoming the type of tech leader that signs autographs all the time, where do you want your signature to go to be interesting to a collector? Do you want something cursive, iconic, flowery, huge? Do you want something more unique?
00:38:01 · John Coogan, Darren Rovell
[00:38:01] S1: The GDB? Twenty fifty. The GDB. It's GDB original? GDB. Reaction to the wide variety? If you imagine yourself, if you're manifesting becoming the type of tech leader that signs autographs all the time, where do you want your signature to go to be interesting to a collector? Do you want something cursive, iconic, flowery, huge? Do you want something more unique? [00:38:25] S4: How do think about... Honestly, I think they're pretty... They're all pretty similar. You know, if you look if you look... I'm I'm not Yeah. Getting political here, but Trump is very similar to Mussolini. [00:38:36] S1: Okay. [00:38:37] S4: You know, these these guys, they're probably either gonna have something very large Yeah. Which is, you know, typical of ego. Sure. Or something crazy, which is typical of being all over the place and being ADHD. [00:38:50] S1: Okay. So you can read into the person's psyche Yeah. Whatever. Signature. It's a window to the soul. [00:38:55] S4: Donald Trump is a like Sure. A complete heartbeat, you know, up and [00:38:59] S1: down. Yep. Yeah. [00:39:01] S4: But but Elon's interesting. So I stayed away from collecting Elon Mhmm. Because I think he'd be crazy enough to maybe have an autograph signing one day. [00:39:10] S1: Oh, interesting. Oh, yeah. Yeah. Yeah. If you come to the Tesla launch or something, I'll just sign everything. And that would devalue everything.
00:39:10 · John Coogan, Darren Rovell
[00:39:10] S1: Oh, interesting. Oh, yeah. Yeah. Yeah. If you come to the Tesla launch or something, I'll just sign everything. And that would devalue everything. [00:39:18] S4: Bezos. Bezos, once he... The day I bought a piece of his, the day he was done at Amazon, I'm like Mhmm. This guy is gonna go from private plane to private island. Yep. You're never gonna find him. [00:39:30] S1: Yeah. Yeah. That's been the case. [00:39:32] S4: Yeah. Yeah. Just have... You you have to figure out who you want. But it's it's... And Jobs obviously has gone like, it's been unbelievable, his his rise. Because he almost didn't sign anything. Yeah. So now that all these checks came out... Let me just tell you this quick one. His the... So there were 50 checks that came out, like the initial Apple checks. [00:39:50] S1: Mhmm. [00:39:50] S4: They found them. They had a... They found a desk in the original garage, and they found the checks in the drawer. Those checks, the 50 combined are gonna be worth about 3,800,000. [00:40:04] S1: Wow. Woah. That's crazy. With with some of these tech leaders, is there more value to getting them to sign their product? Like, do you want Steve Jobs to sign the iPhone or Yes. An iPod or... I mean, but at a certain point, like, if I have a Elon Musk signed Cybertruck, it's like it's a truck. [00:40:21] S4: He signs... He does sign mini Teslas [00:40:24] S1: Okay. [00:40:24] S4: That go [00:40:25] S1: for it. Mini Teslas. That's insane. [00:40:26] S4: 8 to $10, like a die cast Tesla.
00:40:26 · Darren Rovell, John Coogan, Tyler, Jordi Hays
[00:40:26] S4: 8 to $10, like a die cast Tesla. [00:40:29] S1: Okay. Yeah. But at a certain point, like like a like a a signed rocket fuselage by Elon is just gonna be so inconvenient that a collector is gonna say, what am I gonna do with that? Right? [00:40:39] S2: No. You put it on the wall. [00:40:40] S4: The size could be [00:40:41] S0: a problem. [00:40:42] S1: Size could be a problem. Could be a benefit. Yeah. [00:40:44] S4: The size could be a problem which which was this week when the the dinosaur at Sotheby's sold. Mhmm. It was a nano Tyrannosaurus. [00:40:54] S1: Yes. Yes. [00:40:55] S4: And the nano part of it is why it sold for 47,000,000 even though the estimate was 7. Sure. Why? Because you could fit it in a normal room. Yeah. You don't have to build a room around it. And that's why things... Sometimes the reason why cards are more valuable than jerseys Mhmm. It's totally a size thing. You can carry it around. [00:41:13] S1: Yeah. Yeah. No. That makes a lot of sense. It's very good. [00:41:16] S0: Any any success stories you've heard of people financing dinosaur explorations? Mhmm. So, you know, I I imagine like... So... I I imagine if I wanted to spend $30,000,000, I could probably find a nano Tyrannosaurus. True [00:41:34] S4: or The issue is the issue is domain who owns what. Oh yeah. And whether you have right... [00:41:43] S0: Countries they'll just... You could dig it up but they're like that's ours. Thank you. [00:41:47] S4: Even in The United States, in Montana and Utah and it is not clear. [00:41:54] S1: Okay.
00:41:54 · John Coogan, Darren Rovell, Jordi Hays
[00:41:54] S1: Okay. [00:41:54] S4: And so so the guy who dug up the the Nanotyrannosaurus, that that actually happened to be his right. But but in a lot of places, I would say Where was that dug up? That a backyard? Me find my own cheaper. It's... It it gets very complicated. [00:42:11] S1: Yeah. Interesting. [00:42:13] S4: And then by the way, then you need to have what percentage of real bone is it when you build the skeleton. That's how you analyze a dinosaur.... [00:42:22] S0: Are LARPing. They got like some scraps of bones and they string them together and they're like, look, I got a dinosaur. And it's only like 10% dino. [00:42:30] S4: Yeah. Most most of the ones that you see that are great, the best of the best are like 70%. [00:42:37] S1: Sure. Yeah. That makes sense. How are you thinking about collectibles in the context of these new up and coming sports leagues? You... Just yesterday, we talked to Ice Cube about the big three, three on three basketball. We talked about the curling league. There's people doing pickleball, Padel, slam balls coming back, the XFL. Like, everyone has a play. They're all real small scale right now. But is that... Does that actually mean there's some optionality there if you have the storage and you can, you know, pay a dollar for something and throw it