Arena Club
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Arena Club
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Followers
I decided to give Arena Club Slab Pack a try for the first time using the 20% off promo code: SCI20. I went for the $250 Ruby Pack and added the $25 buy pack. The total with the discount came out to be $220. I got a 2023-24 Chet Holmgren Prizm Fast Break Auto Blue /49.
How do you think I did on this $220 pack? Should I keep or sell back for $160?
Arena is offering 20% off for first-time buyers using the promo code: SCI20.
If you are not familiar with Slab Packs, they are physically graded cards that are repackaged on a digital platform. You can either list them for sale on Area Club or have the card shipped to you. The card list is updated in real-time as cards are pulled.
With the 20% off promo, this is a great opportunity to try it out. Anyone want to test their luck?
Update: Slabs drop tomorrow at 10 am PT/1 pm ET
https://arenaclub.com/slab-packs
One of the funny things I’ve been keeping an eye on is this Jordan Love SILVER prism RC listed on Arena Club. Whether it’s by mistake or uncertainty of what card this person actually has, he’s listed a $100+ (maybe even closer to $150) card for $10. The beauty? It’s the top trending card on Arena Club with “35 Watchers” and probably 10x views on it and, well, no one has actually bought it.
I know some DMs have been sent to the owner - but the card has remained there at $10 over the entire weekend. It’s like dropping a $100 bill in a room full of Hundreds of people and no one wanting to pick up because they know they aren’t the rightful owner.
Also, the anonymity of the site could easily allow someone with a name like PackerBro88 to grab it without anyone knowing who it is - and STILL no one will bite. Good job ladies and gents!!
Poll
Arena Club recently introduced a new feature, which I feel is really interesting and compelling for some collectors, which I anticipate many will copy.It’s called buyback. Essentially it gives you a guaranteed buyback offer on a hit pack pull should what you receive is below your ‘risk tolerance’ level. It is a form of insurance.
The math on a real example from my purchase.
- $250 slab pack- Buyback cost 10% of the slab pack price, so in this example $25
- Total cost of pack is $275.
- Slab pack is revealed and you can decide to accept the card or accept the buyback offer.In this case,
I took the buyback offer and received $200 back.
I effectively paid $75 to protect losing more than 80% buy in. Given the pack odds are weighted to cards below buy in, its a clever high margin add on that targets a collectors risk loss thresholds, which in theory is already loaded to the downside. The psychological ‘insurance’ of getting 80% back if you don’t hit what you want is a variation of F2P gaming add on systems of ‘re-rolls’. It would be interesting to see how many of pack purchases also bought the buyback premium. Right now Arena Club limits your ability to activate this to 15 times. Be interesting if they tested making it unlimited, but make the re-roll of each new purchase pack sequentially higher — e.g. on pack 2 open, the premium goes from 10% of slab pack price to say 20%. My gut is that there is a segment that will keep re-rolling at decreasing value given the sunk cost fallacy. If the goal of the system is higher $ per transaction, they should consider progressive cost re-rolls.I expect this mechanic to become more prevalent in hit pack/repacks as this category continues to grow in popularity with collectors looking for a bit more de-risked breaking.
Collectors would you buy the buyback insurance?
Poll has ended
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6 votes