Archive for the 'Dave and Adams News' Category

Dave and Adam’s Card World Featured on Beckett.com

Beckett.com recently featured an article about Dave and Adam’s Card World, titled Another World. Thanks goes to Kevin Haake who wrote the article.

If one were to craft a list detailing the seven wonders of the collecting world, there is little doubt that Dave and Adam’s Card World would be in the discussion.

Located just outside of Buffalo, N.Y., Dave and Adam’s Card World hasn’t always been the card Mecca that stands so majestically today. In fact, Adam and Dave’s Hockey World started like most great American enterprises, with humble and meager beginnings.

“I first met Dave in the summer of 1988 in Rochester, N.Y.,” Adam Martin recalls. “We were by far the youngest exhibitors on the card show circuit at the time so we tended to gravitate towards one another.

In 1989 Pierre Turgeon, Dave Andreychuk, Daren Puppa and other Buffalo Sabres were getting hot, but back then there were no easy ways to acquire large volumes of Rookie Cards, so I suggested to Dave that we start running classified ads in select trade publications.”

“Of course, Dave was on board, but there was one problem, what would we call the business? Since I was still living at home, and it was my phone number that was in the ad, I suggested that we call the business Adam and Dave’s Hockey World. I even had my mom trained to answer the phone so that when I wasn’t there, she would tell the customers that Dave and I were off breaking cases of 1979-80 vending.”

So how did Adam and Dave’s Hockey World end up as Dave and Adam’s Card World?

“One day, Dave came to me and said ‘you know, I think that I’d like to run my phone number in the ads too.’ ” Martin said. “I told him that we couldn’t run two phone numbers because it might be confusing to our customers. At the time, we were also aggressively buying Jim Kelly rookies and other Buffalo Bills, so Adam and Dave’s Hockey World didn’t truly represent the full scope of our growing business. So we compromised, I got to keep my number running in the classified ads but the business name would change to Dave and Adam’s Card World … 19 years later, I guess you can say it worked out OK.”

Not surprisingly, Martin still remembers how much that first classified ad cost. “The invoice we received was for $37, but it was that ad that got us off and running,” he says.

Since that inaugural ad, Dave and Adam’s Card World has steadily grown into one of the industry’s most influential and significant power brokers. Martin and Silver were aided in their ascension to the top of the hobby when they caught a break in 1991.

“The Northland Hockey Stick Company had just gone out of business,” Martin recalls. “The way the company conducted business was that they had players send them actual sticks that were game-used, curved, shaped, shaved and altered so that they could make the player’s new sticks identical to their exact specifications. A person associated with the company had access to this incredible library that housed hundreds of game-used hockey sticks from as far back as the early 1960s. He brought them all up from Massachusetts, to Buffalo, and opened a small warehouse within a mile of Dave and I. We literally spent every nickel we had buying as many game-used Bobby Orr, Gordie Howe and Bobby Hull hockey sticks as we could afford. That was a very significant purchase for us because it was very early on and it provided us with some much-needed cash flow.”

The buy was so successful that it allowed Martin and Silver to more aggressively pursue larger wax purchases.

“Our first retail store was a 500 square-foot facility,” Martin recalls. “Since then, we’ve expanded five times and now operate two hobby stores in the Buffalo area along with our 35,000-square-foot warehouse and individual buying facility.”

In order to run an operation of that magnitude, Martin employs a full-time staff of 70 that consists of a seven-person buying team, a three-person information technology team and a full-scale marketing division.

“I’d like to think that we’re the only trading card retailer in the industry with all of those departments in-house,” Martin says.

Last year, Dave and Adam’s spent in excess of $21 million on trading cards.

“We consider ourselves the No. 1 seller of trading cards in the world behind Wal-Mart and Target,” Martin says. “We have shipped as many as 2,000 packages in a single day.”

The company’s mission statement? To maintain the absolute most varied inventory at the best possible prices.

“We specialize in unopened wax from the last two years, but our inventory goes back decades, all the way into the 1950s,” Martin says. “A big deal for us could be a $1 million dollar wax purchase. Right now we’ve got somewhere in the neighborhood of more than a quarter-million boxes of unopened cards in stock. To put that in perspective, that’s over 1,000 skids of cards or 55 full 18-wheelers.”

There is little doubt in Martin’s mind which products and sports move collector’s needles.

“We sell more baseball than anything,” Martin states. “Football is a definite second followed by Hockey and Basketball deadlocked at third. Our biggest moving products of the year are Bowman Chrome baseball and SP Legendary Cuts, hands down. When those products get set to release, we experience two of our busiest times of the year.”

For those collectors who can’t make the pilgrimage to Buffalo, Dave and Adam’s website is always open. Since its inception in October 2001, dacardworld.com has served more than 100,000 unique clients and tallies more than 60,000 hits per week.

“With more than 300,000 items available on dacardworld.com, the choices that are available for all collectors are second to none,” Martin says.

When reflecting on the company’s success, Martin will tell you that he often thinks about the early days.

“Believe it or not, I was planning on being a lawyer until all of this craziness happened,” he says.

Craziness indeed, and a story of entrepreneurial, and hobby, success that is out of this world.

The Steve Myland Deal

Steve Myland is one of the most prolific trading card dealers of all time. Based in Phoenix, Steve was a regular advertiser in Sports Collectors Digest throughout the 80s and 90s, promoting some unbelievable items most of us could have only dreamed existed. As one of the dealers chosen by Topps to handle their year-end closeouts, he ended up with unimaginable quantities of product that always seemed to get better with age. His legendary collection has been virtually untouched for the past ten years, until now. Dave & Adam’s Card World is proud to offer some of the finest items from the Steve Myland Collection.

cut card case smallOne of the major components of the deal is cut card cases. Collectors who like to open product and find gem mint cards to grade prefer cut card cases over any other type of packaging. Unlike the other forms of unopened product, where a card is wrapped in wax or cellophane, exposed to gum or wax, and forced into a cardboard box, cut card cases contain cards that go straight from the cutting machine and into the shipper case. The result is rows and rows of pristine cards that have never been exposed to the elements. You can be sure that our entire cut card case inventory is from the original buyer of the Topps year-end closeout and are 100% unsearched.

One of the least common and misunderstood packaging options in trading cards, cut card cases were utilized by Topps and O-Pee-Chee throughout the 70s and 80s as a way to closeout year-end stock. These cases were not made available to regular candy wholesalers like wax, cello, and rack, but to a select few companies that specialized in buying excess inventory in bulk.

A typical cut card case consists of 8,650 cards, and may or may not have been sealed with glue or tape when it left the factory. After all, these cases were not meant to be resold in its current form. The contents of a case varied greatly when compared to its much more common counterpart, the vending case. In a vending case, Topps would randomly package 12,000 cards (500 cards to a vending box) from a particular sport/year, therefore ensuring the expectation of being able to make a certain quantity of sets. With a cut card case, a single sheet or combination of sheets are cut down to individual cards, then packed in bulk (without 500 count boxes) into a case that holds approximately 8500-9000 cards.

In order to determine what cards are available in a cut card case, one must determine what cards come on a particular sheet. For example, on the back of the 1987 Topps Barry Bonds rookie #320, the code found on the card indicates that it was cut from the “C” sheet. Therefore, in a cut card case with only the “C” sheet of cards, one can estimate there will be 65 of each card from the 132 card sheet (8,650 divided by 132 cards on a sheet = approximately 65.)

To see what we are selling from the collection, click here.

An Interview With Adam Martin: Part 2

To read the first part of the interview click here.

This is an interview that was conducted in 2002 by Pepper Hastings for Beckett Direct, we stumbled over it and figured it would be interesting to post:

BDD: What are the 5 DO’s and DON’Ts you would offer as advice to a hard-working person who says he’s going to open up a collectibles shop later this year?

AM:

DO:

1) Load it up with unopened boxes: No one ever walked out of a card store and complained that the store had too much of a selection of unopened packs and boxes. If you don’t have enough money to put into fixtures, single, or memorabilia, that’s okay. If you don’t have enough money to load your store with an impressive display of packs and unopened boxes, then you probably shouldn’t open yet.

2) Treat every customer like he is your last: I don’t care if you had a rough night and are in the worst mood of your life. If someone comes in, greet him, ask him if he needs help, make conversation. If you don’t have what he is looking for, but are genuinely pleasant to be around, he will probably come in again.

3) Make your store a nice place to be: Keep it clean, don’t let neighborhood kids use it as a hangout, don’t have stacks of commons piled on your showcases, don’t smoke or eat in front of your customers, put on a clean shirt, etcetera. If you’re a slob, and you know if you are, keep it away from your store. You are a reflection of your business. Fake it if you have to.

4) Spend your money wisely: First of all, the markets shifts up and down. Sometimes buying direct or from a distributor is the best way to go. Sometimes buying off the Internet or at shows is best. Deal with a lot of sources and find the best prices. Also, don’t buy big deals of single cards or other slow moving inventory if you can’t sell them quickly. If you continue to move through packs and boxes at fair margins and at regular intervals, you will find yourself making money.

5) Travel: Almost right from the beginning we began to travel to larger shows. You can sell of extra inventory, buy new inventory at decent levels, and make connection you can’t make from home. This philosophy is the single most important thing we did to grow the business. The more contacts you make and the more friends you have in this industry, the more money you will make.”

DON’T:

1) Think it will be easy: The 5-day, 40 hour work week is over. I worked 80-hour weeks for five straight years. I had no wife or children so I was able to be 100 percent dedicated to growing the company. If you have a family to support you might not want to open this or any other business that requires a lot of work and self-sacrifice.

2) Open your store where no one will see it: “Location, location, location.” Rent the biggest store, in the most well traveled area you can afford. Strip plazas are my favorite as malls are often too high-end rent-wise. If you can’t afford a big sing, then window paint will do nicely. Plus, don’t forget about parking.

3) Trust others blindly: People will steal from you, so get used to it. Keep your expensive packs and valuable items under glass or out of arm’s reach.

4) Make your margins too high: Every card dealer has an idea of what size margins are right for them. My answer is to make your margins as high as you can without hindering sales. It’s one of the hardest things to do. You are not only competing with the Internet and other dealers, you are competing with Toys ‘R’ Us and any other place that people can spend their extra money.

5) Give up: It’s a long road, but the rewards are great.

BDD: Dave and Adam’s is known for its steady stream of effective advertising in trade and consumer hobby publications. Explain why advertising is so crucial in this business.

AM: To really grow a business you have to look beyond your region. Whether you want to buy or sell, it really helps to get your name out there. It took us a few years before we could afford to do all the advertising that we wanted. Now, it’s the single most important thing we do. When people know you and recognize you as a company that won’t defraud them, they naturally feel more comfortable dealing with you.

BDD: Many shop owners feel they are too small to advertise. What are your thoughts on this?

AM: We started with small ads that were very effective. Many local newspapers have great rates for classified ads and they work. E-mail is free, so take advantage of it for both local and national contact. IF you feel that collectors would embrace something about your business, then you have to advertise it.

BDD: Was there any particular “find” or “big lot buy” that really helped to catapult you all to the next level of success?

AM: We sank a lot of money into 1992 Bowman Football and Hockey unopened boxes. Following the popularity of Bowman Baseball we started buying as many boxes of Football and Hockey as we could afford. When Baseball was at $150, Hockey and Football were still at $60. In the summer of 1993 our second National in Chicago we had 60 boxes of each and sold out at $300 and $400. After that, we had enough money to open a much large store in the suburbs.

BDD: What’s the biggest lots of stuff you’ve ever purchased?

AM: We’ve been fortunate to buy some pretty large deals. One purchase we made last year filled up four 18-wheel trucks, top to bottom. We had to teams of workers off loading and storing inventory for almost 40 straight hours.

BDD: People in our industry know you as a gregarious, sales-oriented dealmaker. What would people be surprised to learn about Adam Martin?

shoeless joe jacksonI have a staff of 35 excellent people (note: it is now 70) who make life much easier for me. I travel quite a bit, a lot of which is unrelated to business. I still collect Shoeless Joe Jackson and Roberto Clemente cards as well as a few Pre-WWII sets such as the Goudey Sports Kings. I only attend a few shows a year, although I still really enjoy them. Most importantly, I got married last year and we are expecting our first child this fall.

BDD: Are there any people in this industry you would consider mentors or who took time and effort to help you learn about the business?

AM: Sure, I worked in a card store called 7th Inning Stretch in Buffalo in the mid 80’s. The owner, Paul Holbrook, taught me a lot. He’s still going strong today.

An Interview With Adam Martin: Part 1

When we where going through some files the other day we stumbled across an old Beckett Direct from 2002 that had an interview with Adam in it. This interview was conducted by Pepper Hastings from Beckett Media. Figured we would share it on here:

If good guys wear white hats, Adam Mart might be a saint. Most hobby observers never have seen Martin without one of his now trademark white ball caps on his head. But as Chief Operating Officer of Dave & Adam’s Card World in suburban Buffalo, N.Y., Martin wears many hats- employer, buyer, seller, trade show whirlwind, and deal maker. Martin recently talked with Beckett Dealer Direct about how to open a card shop, getting help from Dad, and being called “Dave.”

Beckett Dealer Direct: Adam, you’ve spent thousands and thousands of hours and dollars at collectible shows over your professional life. Looking way back, do you remember the fist card show you ever attended? Where was it and who did you go with?

Adam Martin: The first show I ever attended was in late 1985 at the Buffalo Airport Radisson Hotel. Mattingly was smokin’ hot and everyone was searching for 1984 Donruss boxes. I grabbed a couple of collecting friends and droved up with $40 burning in my pocket. I bought a 1985 Topps wax box for $25 and was mad I didn’t get an Eric Davis Rookie.

BDD: How did you and your partner, Dave Silver, meet each other? At what point did you decide to go into business together?

Jordan Rookie CardAM: I met Dave in 1988 at a show in Rochester, N.Y. At that time he was attending R.I.T. and would do weekend shows to get extra money to live off of. Since we were by far the youngest exhibitors there, we tended to hang out together. Boy, those Rochester shows were great. I can remember walking the show buying Jordan Fleer Rookies for $10 and having the dealers laugh at me.

A couple year later, unsure what I wanted to do with my life, I decided it would be fun to open a store. I didn’t have any money, just a bunch of cards, so I went to some of my best friends who were just out of college and hitting the job market to see if they wanted to be my business partner. No one did. Discouraged and ready to give up, I mentioned it in passing to Dave and he jumped at it.

BDD: Some businessmen avoid partnerships, yet you and Dave seem to have flourished together. What are the different strengths that each of you bring to the business?

AM: Dave is pretty laid back and levelheaded. I’m pretty aggressive and intense. It’s a combination that probably shouldn’t have worked, but it did. Dave also had a background in accounting, which really came in handy. I’m asked all the time what makes us good business partners, and the answers is that we stay out of each other’s way. I trust what he’s doing, and he trusts me. Over the past 12 years I don’t think we have had a serious argument.

BDD: Was there every any consideration that the name be “Adam & Dave’s Card World?”

pierre turgeon rookieAM: Oh yeah… before we ever discussed opening the store we decided to run classified ads in hobby publications to buy Pierre Turgeon Rookie cards. He was selling great locally for about $8 and I figured we could get him for $3. I approached Dave about splitting the ad cost and the cards we bought. I told him we would call it Adam & Dave’s Hockey World. Well, some discussion began about whose phone number to put in the ad- we both wanted to take the calls and make the deals. By the end of the day, my number was in the ad, and the new name of the company was Dave and Adam’s Hockey World. A few months later we began buying Jim Kelly cards and the name changed to what it is today… Dave & Adam’s Card World. Needless to say, everywhere I go, I get called “Dave.”

BDD: You now operate both a storefront and a distribution/warehouse site. Talk about the first day you opened your first store in downtown Buffalo. Do you remember when you turned the lock open?

AM: We opened the 450 square foot Dave & Adam’s Card World retail store May 15, 1991. We had $120 in cash, and $145 in the checking account. Every nickel from three month’s worth of shows we did to raise money was pumped into the showcases, inventory and all the other minor costs of opening a store. We had four sets of those flimsy metal shelves with pack boxes in rows, and a few showcases full of rookie cards. On our first day, the place was packed with kids and we did $600 in sales. Friends and well wishers stopped in all day long. I remember thinking it would never get any better than this.

BDD: Who were some people behind the scenes who were instrumental in supporting you and Dave when you first got started?

AM: We tried to get banks to loan us money, but none of them would. We ended up having our fathers co-sign a $3,000 loan for us which we used almost entirely for rent. The owner of the property had seen the last three tenants skip out of him, so he made us put up almost four months of rent in advance.

So our families were very important. Our friends pitched in helping us move as well.

Part 2: Tomorrow.

Western NY Living Segment

Recently our retail stores were featured on the local NBC affiliate. On their show ‘Western New York Living’, Adam Martin the CEO of Dave and Adam’s Card World talks a little bit about the history of the company and what we do.



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