Major League Baseball & ThePit.com form new partnership.
Press Release (January 10, 2007). Today, Major League Baseball and
NAXCOM.com/ThePit.com "Sportscard Marketplaces" formed a partnership in
which the bulk of ThePit.com baseball card inventory will be placed for sale on the MLB.com Marketplace.
"This is a great opportunity for ThePit.com and all of the Baseball Cards listed in ThePit.com Marketplace," said Eric Beckerman - CEO of NAXCOM/ThePit. "Because ThePit.com focuses on having large quantities of the top Rookie Cards of the top stars and prospects, we were a perfect fit for the MLB.com Marketplace," Beckerman continued.
ThePit.com now has a little over 10% of its Baseball Card inventory listed on MLB.com with much more to be added in the near future. "We are very excited about what this MLB partnership will do for sales of ThePit.com Baseball Card products. NAXCOM will also receive some extra brand exposure as well, so it's a win-win for us." commented Bill Elder - VP of Marketing for NAXCOM/ThePit. "When we acquired ThePit.com from the Topps Company, we knew that we had to add more sales venues to get this incredible inventory in front of more collectors," continued Elder. "This relationship with MLB.com will be a big step in the right direction."
In its first few days, ThePit.com has already seen an increase in its baseball card sales. As more items from ThePit.com are added to MLB.com, and especially as Baseball Season gets closer, those that use ThePit.com are bound to see their baseball card portfolio increase significantly.
"Because there are so many baseball fans on the MLB.com site and because ThePit.com bulk inventory is so unique, the demand for ThePit items will grow substantially. This will not only create more liquidity, but will also increase the values of the baseball cards available on ThePit," said Kevin Klein - Business Development for
About NAXCOM.com & ThePit.com
NAXCOM.com - Established in 2002, the NAXCOM Marketplace offers over 7.5mm User Listings with users buying and selling with each other and NAXCOM acting as a third-party intermediary for payments. This exclusive Buyer Protection System has allowed the NAXCOM Marketplace to have nearly 2mm items sell with buyers always receiving their item or their money back.
ThePit.com - Acquired by NAXCOM.com from the Topps Company in 2006. Users Buy & Sell today's top sports stars and prospects and their best Rookie Card(s) in bulk with the option to not take possession...just like the stock market.
Click here to view all the NAXCOM/Pit items on the MLB Marketplace.
Media Contact: Bill Elder (310) 568-8825 ext.104.
At approximately 2pm PDT/5pm EST, NAXCOM/ThePit.com will release the details of the new partnership.
Many new upgrades and features are scheduled for the New Year and this partnership that will be one of many new advancements for ThePit.com.
One of the main focuses of ThePit will be to increase liquidity. The company will therefore look at ways of getting ThePit.com inventory available on as many different outlets as possible. While this first partnership will be one of the most significant, it will in no way be the last.
As the New Year begins, we would like to thank all of our users for their support during our 1st year of ownership of ThePit.com. While a lot of changes were made in '06, which helped ThePit grow substantially compared to the last few years, a lot more enhancements & upgrades are scheduled for '07. This includes a very significant partnership that will be announced.
Ladainian Tomlinson continues to break NFL Records & his Rookie Cards continue to break new 52-week highs. Tomlinson's Finest PSA 10 hit a new 52-week high of $253 & is now up 178% from $91 only a few months before.
The Devin Hester Topps Chrome Autographed Rookie Card has now been added to ThePit.com. One of the leading candidates along side Vince Young & Reggie Bush for Rookie of the Year exploded in Prime Time on Monday night with 2 returns for TD's, setting an NFL record with his 6th return for a TD. *Please note there will be a 5-day No Shipping Request on this item.
Reggie Bush's Upper Deck Rookie Premiere RC PSA 10 saw huge numbers, transacting over 50 times on Sunday and rising from $7.50 to over $12.00 each. Also, Jay Cutler's Chrome Rookie continued to climb despite a close loss against the reigning NFC Champion Seattle Seahawks.
On Thursday, Tony Romo continued his stellar play throwing for 5 TD passes. His Chrome RC jumped $37 to a new high of $79. Also, Jay Cutler's Chrome Rookie jumped 108% to $13.50 after it was speculated that he would get the start for Denver next week. Two other Rookies, Joseph Addai's Chrome Rookie has now jumped over 150% to $9.85 after his very impressive 4 TD's on Sunday night while Vince Young's Chrome jumped 60% after he led the Titans to a big comeback win vs the Giants.
This Sunday, Dodger Rookies - Andre Ethier & James Loney will be signing autographs at the NAXCOM Show. Wholesale Bulk & individual Mail Order is available for those unable to attend. Click Here for more information about the upcoming NAXCOM Events or contact the NAXCOM Trade Show Department at 310.568.8825 x102 or by email at email@example.com.
The following S/H fees have been made to the site.
Base & Insurance costs remain the same. The additional cost per card has now been changed to the following:
Ungraded Cards: Was .35/card. New S/H fees .15/card
Uncirculated Cards: Was .35/card. New S/H fees .50/card
*Graded Cards: Remains the same .35/card
*Overnight Delivery Requests will remain an additional .05/card
After another successful start Tony Roomo's cards on ThePit continue to hit new 52-week Highs. Romo's Chrome Uncirculated Rookie is now up well over 10,000% after a low of .20 only a few months ago to a new high of $28.
ThePit has added a new feature that allows users to drop ship their items they own on ThePit to another address.
This new feature allows users to sell their item(s) on their own site, their NAXCOM VIP Storefront or any other marketplace they sell on. Then when the item sells, users can request that the shipment be sent directly to their buyers (US Only).
The normal S/H fees will still be applied. Users can request items to be dropped shipped when they request shipping on cards in their account. A choice is now given to ship the item to the address on file or for the item to be drop shipped to another location.
If you have any questions about this new feature a new thread has been posted on ThePit Message Board.
Over 300 items have been added to ThePit since NAXCOM acquired ThePit from the Topps Company. The 10 Newest IPO's (Initial Player Offerings) that were added include;
When NAXCOM acquired ThePit.com from the Topps Company, one of the issues that NAXCOM repeatedly heard from Pit Users were the fees needed to be adjusted on the deposit fees and the lower to mid priced transactions. Beginning on 8/22 at 12pm (PDT) the following new fees will be implemented.
All Deposit Fees (Currently 2%) when making a purchase and funding an account will be eliminated. Fees on Buying, Selling From In Account and Selling Not In Account (SNIA) will be reduced by as much as 12% on transactions below $20.00. Buying Fees under $75 will be reduced up to 2%. To compensate for all of the lower fees, seller fees from in account will be raised between ½% & 2% on sales over $25 and fees from Selling not in account will be raised between ½% to 2.5% on transactions over $20. (See Below)
Deposit Fees – Eliminated (Was 2%)
Below $2.00 New Fee $0.35 Was 25% (.01 - $.50) plus 2% Deposit (.01 - .04)
$ 2.00 - $ 4.99 New Fee $0.55 Was 25% (.50 - $1.25) plus 2% Deposit (.04 - .10)
$ 5.00 - $ 9.99 New Fee $0.75 Was 25% ($1.25 - $1.50) plus 2% Deposit (.10 - .20)
$ 10.00 - $ 19.99 New Fee $0.95 Was $1.50 plus 2% Deposit Fees (.20 - .40)
$ 20.00 - $ 34.99 New Fee $1.15 Was $1.50 plus 2% Deposit Fees (.40 - .70)
$ 35.00 - $ 54.99 New Fee $1.35 Was $1.50 plus 2% Deposit Fees (.70 - 1.10)
$ 55.00 - $ 74.99 New Fee $1.50 Was $1.50 plus 2% Deposit Fees ($1.10 - $1.50)
$75 or more New Fee 2% Was 2% plus 2% Deposit Fees
Sell From Account
Below $5.00 New Fee $0.45 (max 25%) Was 25% (A $4.50 Sale was $1.13, will now be $0.45)
$ 5.00 $ - 7.49 New Fee $0.65 Was $1.25 to $1.50 (20% - 25%)
$ 7.50 $ - 12.99 New Fee $0.85 Was $1.50 (12% - 20%)
$ 13.00 $ - 19.99 New Fee 6.99% Was $1.50 (8% - 12%)
$ 20.00 $ - 29.99 New Fee 6.49% Was $1.50 (5% - 8%)
$ 30.00 $ - 39.99 New Fee 5.99% Was $1.50 (4% - 5%)
$ 40.00 $ - 49.99 New Fee 5.49% Was $1.50 (3% - 4%)
$ 50.00 $ - 59.99 New Fee 4.99% Was $1.50 (2.5% - 3%)
$ 60.00 $ - 69.99 New Fee 4.49% Was $1.50 (2% - 2.5%)
$ 70.00 $ - 99.99 New Fee 3.99% Was 2%
100+ New Fee 3.49% Was 2%
$1000+ New Fee 2.49% Was 2%
Sell Not In Account
Below $5.00 New Fee $0.65 (max 25%) Was 25% (A $4.50 Sale was $1.13, will now be $0.65)
$ 5.00 $ - 7.49 New Fee $0.80 Was $1.25 to $1.50 (20% - 25%)
$ 7.50 $ - 12.99 New Fee $0.95 Was $1.50 (12% to 20%)
$ 13.00 $ - 19.99 New Fee 7.99% Was $1.50 (8% to 12%)
$ 20.00 $ - 29.99 New Fee 7.49% Was $1.50 (5% to 8%)
$ 30.00 $ - 39.99 New Fee 6.99% Was $1.50 (4% - 5%)
$ 40.00 $ - 49.99 New Fee 6.49% Was $1.50 to $1.75 (3.5% to 4%)
$ 50.00 $ - 59.99 New Fee 5.99% Was 3.5%
$ 60.00 $ - 69.99 New Fee 5.49% Was 3.5%
$70+ New Fee 5.49% Was 3.5%
$1000+ New Fee 4.49% Was 3.5%
Most of the fees are being lowered because it is believed that this will greatly increase the number of transactions, especially on the buying end. The elimination of the deposit fees and the decrease in the buying fees under $75.00 should increase the liquidity on the site because users will now have more buying power. It is therefore projected that the increase in transactions will help offset the lower fees. Another means to offset the elimination of the deposit fees and the lowering of other fees will be to add banner ads. A maximum of one ad per page will be added to the very bottom of the pages.
Shipping Prices will remain the same except for Next Day Air. Next Day Air will be changed from $25 to $29 and .35/card to .40/card.
Many accounts on ThePit.com have Balances but have not had activity in them for as much as six years. Due to the need to warehouse items and carry insurance, ThePit/NAXCOM cannot continue to hold these balances indefinitely. Therefore, accounts that have not bought or sold an item within the past 2 years will be “Inactive.” Two additional notices will be sent to users whose accounts will be changed to “Inactive,” in which they will have 30 days to cash out their balance or buy/sell an item to keep their account “Active.”
*Please note: Once an account has been changed to inactive, the user may still contact the company to have their account changed back to “Active.”
All of the first batch of items have now sold. These items have been so popular that the the Shop At Home Network purchased a large lot of them and will be airing them on TV this Saturday night.
The Reggie Bush Autographed Moment of Transition Gold Limited Edition is part of the second group of new items by Game Exclusives, the exclusive distributor of Bush, Leinart & Young Draft Day Memorabilia. Two weeks ago, the non-autographed items were IPO'd on ThePit and NAXCOM.
If you are not familiar with these new items they are part of a new line of products from Game Exclusives called "Moments of Transition." Game Exclusives is the exclusive distributor of Reggie Bush, Matt Leinart & Vince Young Draft Day Memorabilia. These special pieces are the beginning of a new line of products from Game Exclusives that will feature the top collegiate athletes making their transition into the pros.
These beautifully designed items are the size of a Super Bowl Ticket showing the three collegiate superstars holding up their new NFL Team Jersey that they wore at the special photo shoot at the NFL Draft. Also, they are each wearing their college team hat while the background is an action shot of what they did best while at college. Finally, each item is stamped with the Year, Round, Pick # and date/time that each player was selected in the draft signifying the exact time of a player's transition from college to the pros.
Last week the first batch of 25 Bush, Leinart & Young NFL Draft Day Gold Limited Edition Jersey Swatches #'d to 999 were IPO'd on ThePit.com and NAXCOM, where they immediately sold out.
Then over this past weekend the second batch of items received were sold at the Anaheim National Sports Collectors Convention. Not only were they extremely popular with the public, they also caught the eye of the Shop At Home Network. Shop at Home purchased the remaining 100 sets available at the show and put them on the air that Friday night where they immediately sold. *Shop at Home immediately ordered another 100 sets.
Bush, Leinart, Young Limited Edition Draft Swatches & Autograph Swatches
Will only be available on NAXCOM.com & ThePit.com
In what is expected to be the most exciting year in the history of football collectibles, Reggie Bush, Matt Leinart & Vince Young, have entered into an exclusive agreement with Game Exclusive, to create items with swatches from their 2006 draft jerseys they held in commemorating this year’s draft. Never before in the history of the Sports Collectibles Industry have collectors been able to obtain swatches of a jersey commemorating the draft directly from the player.
The title of these Draft Day Swatch Phototickets are “Moment of Transition” and will memorialize the exact moment that these three players transition from a great collegiate career to their professional career. Game Exclusives have selected PSA to authenticate and encase the items and have also selected NAXCOM.com & ThePit.com as the Online Marketplace to offer the limited edition item for sale.
The Swatch PhotoTickets will be an oversized Super Bowl style commemorative ticket representing each player’s draft day moment when they are selected. Each player’s PhotoTicket, will have a swatch cut from their commemorative draft jersey held by the player and will be time stamped, day, hour, moment that the team announces their pick. These exclusive swatches will be limited to 2006 and will be encased by PSA in a special serial #’d holder. In addition a limited # of 500 Autographed Swatch Phototickets will also be made available and will also be authenticated and encased by PSA.
Click on the following links to start bidding on these items, highest bids will be executed on NAXCOM and The Pit in mid to late May after the pieces have been made and then sent to PSA to be encased. Buyers can choose to put in one bid or as many bids as they want on one or all three players*:
The 2006 Bush, Leinart, Young Swatch PhotoTickets & the 500 Autographed Swatch Phototickets will be offered on NAXCOM.com & ThePit.com to the highest bidders. Bids can now be entered and once all 2006 Swatches & 500 Autographed Swatches are purchased, no more will be offered.
Once the items are made and encased by PSA, an announcement on the site will be made with the highest bids executed a few days after (most likely in mid to late May). Buyers can choose to put in one bid or as many bids as they want to buy on one or all three players on NAXCOM.com or ThePit.com.
* Please note: Typical Pit fees and S/H are applicable. These items available in limited supply so once these items are sold out, the market will be removed from The Pit.
The NAXCOM HOF Sports Collectors Expo at Hollywood Park has announced some of its guests that will be appearing at the June 2, 3 & 4 show. Matt Leinart, Reggie Bush, LenDale White, Philip Rivers, Jim Brown, Marcus Allen, Antonio Gates along with Lou Brock & Charles White will be appearing during the weekend. For those that can't attend Mail Order is available for all guests 909.592.1357
The Hollywood Park Show is one of the largest shows in the country with over 250 Booths of the nations top Sportscard, Autographed Memorabilia, Wax & Sports Collectible vendors from over 30 different states. Beckett, PSA, PSA/DNA, Globabl Authentication are all On-Site accepting submissions.
Hollywood Park CASINO is located only a few miles away from Los Angeles International Airport (LAX) with the Host Hotel (Crowne Plaza Hotel) providing shuttle service to and from LAX & the Hollywood Park CASINO.
For Dealer Table Reservations contact NAXCOM at 310.568.8825. For Autograph or General Information contact 909.592.1357.
A couple of other top prospects that will be IPO'd on ThePit.com soon include Jeff Mathis of the Angels and Kenji Johjina of the Mariners with the release of his cards later this year. Collectors should also keep their eye out for other top prospects that are expected to be called up later in the year. Lastings Milledge and Brian Bannister of the Mets, Stephen Drew and Carlos Quentin of the Diamondbacks. The Dodgers have 5 highly touted prospects that are expected to see some big league action this year - Andy Laroche, Joel Guzman, Delwyn Young, Chad Billingsley and Russ Martin. Boston's Minor League Pitcher of the year Jon Lester is also expected to be a mid-season call up as are the highly touted Melky Cabrera and Eric Duncan of the New York Yankees.
With all of these top young stars and prospects that baseball hasn't seen in many years, 2006 promises to be a very exciting year for collectors.
Below is the list of the 100 cards that were released onto ThePit last weekend during ThePit.com's Grand Re-Opening Weekend.