The hobby news cycle is moving fast. Just days after the Collectors/Beckett announcement, a U.S. Congressman has sent a letter to the FTC asking for an investigation into monopolistic practices in the trading card industry. Is this a legitimate legal threat, or just political grandstanding?

Plus, the hobby hype for Cooper Flagg has officially reached dangerous levels. With his first licensed Topps Chrome cards hitting the market, collectors are already paying NBA superstar prices for an unproven rookie. Is the hobby losing its mind?

In this episode, Mike and Jesse dive deep into the numbers surrounding the Cooper Flagg Topps Chrome release. Mike crushes the math, comparing Flagg's current pre-sale pricing, where base cards are hitting $250-$400, directly against established talent Victor Wembanyama.

They discuss why the "new toy syndrome" combined with the return of licensed Topps Chrome basketball has created a market bubble that makes zero statistical sense. If you are thinking about investing in Cooper Flagg right now, you need to watch this market reality check first.

Later, they discuss the polarizing tweets of Geoff Wilson (Sports Card Investor). Is he "out of touch," or is he actually the smartest marketer in the room playing the engagement algorithm perfectly?

Finally, the guys open up the mailbag to discuss sunk cost fallacies in flipping, why retail pricing is never coming down, and who ranks as the most collectible "bust" in sports history.

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