Biggest percentage price drops you have seen since the pandemic pump

[hermanotarjeta]

Man, I recall 2019-20 Optic silver Lebrons selling for $150 raw last year.

One recently sold for $6.50.

Geez - 96% drop in price - that's crazy!!!

Have you seen any other drastic examples?

[brios8]

Let me guess.. if it was baseball you would say anything 2022 topps chrome Baseball related right

[drobfan8]

Man, I recall 2019-20 Optic silver Lebrons selling for $150 raw last year.

One recently sold for $6.50.

Geez - 96% drop in price - that's crazy!!!

Have you seen any other drastic examples?

What about the LeBron Lakers Optic Rookie? Wow, that pump was impressive.

Like just under $1k to just under $100.

[tjforce]

Bol Bol Prizm Base peaking at over $800, now can be had under $10.

LeBron 2019 Prizm Base (first Lakers jersey)

But in other news... guess what is slightly UP from it's bottom?

Zion PSA 10 base and it's Pop of 21,401. From sub-$200 up to $225. #Invest

[ljandkg]

I pulled my KG topps rc out of my folder and got it graded for shits and giggles. It graded a 9 and I sold it for $250.

You can now get one for $17

[sirvete]

I remember trade the Ayton prizm silver RC (150$ trade value) and i got 1/1 Juan hernangomez triple patch (Bo Cruz) and Grant Hill auto jersey immaculate.

I feel a bit bad for my friend but was on that time a fair trade.

[mc1]

PSA 10 Topps Kobe and Garnett RCs

[KhalDrogo]

Lebron TC PSA 10 - 46.5k to 7.1k (84.7%)
LeBron TC BGS 9.5 - 20.6k to 3k (85.4%)
LeBron TC Refractor BGS 9.5 -125.6k to 22.2k (82.3%)
LeBron TC Refractor PSA 10 - 286.5k to 52.8k (81.6%)

[sebreg]

I'll give one of my own personal best shellackings I took: 1997 Bowman's Best Atomic Refractor BGS 9 Tim Duncan rc. Bought at peak, but finally ended up moving and took a loss I believe in the -70% range. I actually like that card a lot but wanted to move into some other stuff. Proves the usual adage, you can buy quality things but if you buy them at the wrong price you can get destroyed!

[oldschooled]

This is a combination of hype and pandemic jump.

Sold a 2020 Prizms silver Lebron #1 (Kobe tribute) - raw at ~$800
Average price today ~$50

That's a 93.75% drop

[ronaldkosh]

Football, but Cam Newton 2011 Contenders autos were going for $700-$800 when he signed with New England. Now going for $70-$80.

90% drop

[visualplane]

Lebron TC PSA 10 - 46.5k to 7.1k (84.7%)
LeBron TC BGS 9.5 - 20.6k to 3k (85.4%)
LeBron TC Refractor BGS 9.5 -125.6k to 22.2k (82.3%)
LeBron TC Refractor PSA 10 - 286.5k to 52.8k (81.6%)

Still higher than precovid prices. I remember when the tc psa 10 was worth 2k.

[mc1]

1995 Topps Garnett PSA 10 - 2469 to 100
1996 Topps Kobe PSA 10 - 10500 to 1025

[jmcca170]

Lebron TC PSA 10 - 46.5k to 7.1k (84.7%)
LeBron TC BGS 9.5 - 20.6k to 3k (85.4%)
LeBron TC Refractor BGS 9.5 -125.6k to 22.2k (82.3%)
LeBron TC Refractor PSA 10 - 286.5k to 52.8k (81.6%)


https://youtu.be/T0nSvg2KgCc

Still hurts


Sent from my iPhone using Tapatalk

[hermanotarjeta]

Also, second year topps Kobe and Bron-

1997-98 topps Kobe from $100+ to $3.25 today.

2004-05 topps Lebron from $150+ to $15.50 today.

[Ferg1945]

https://youtu.be/T0nSvg2KgCc

Still hurts


Sent from my iPhone using Tapatalk

That poor guy. He'll forever be remembered when a Topps Chrome LeBron James PSA 10 is brought up.

He's not the only one...just the one many remember.

[yiguiri2002]

It's crazy to me the amount of cards that fell 80-90% from the peak.

[Spacemanspif]

Too much is made out of "the peak". For most cards, it was less than 1% of the population sold for the headline amounts

[tjforce]

Too much is made out of "the peak". For most cards, it was less than 1% of the population sold for the headline amounts

This is true... I feel like we should look at some average of what a certain number of transaction went for instead of what one or two idiots overzealously paid.

But it's more fun to talk about what one or two idiots overzealously paid!

[jetta20162]

1986 fleer MJ #57 psa 8's and 9's have dropped a lot

[tjforce]

1986 fleer MJ #57 psa 8's and 9's have dropped a lot

Can't be. I've been told that it's always safe to invest in GOATs.

[hermanotarjeta]

Can't be. I've been told that it's always safe to invest in GOATs.

It’s funny, most of the largest percentage drop cards mentioned have been for cards of GOAT-like players.

I wonder which Jordan card has dropped the most - maybe one of the base metal universe cards?

[k13]

So 90% of new people left already in basketball....
Bigger and faster destruction than the 90's.

[hockeyguyrich]

They need to drop box prices back to normal

[Stackfan]

Bol Bol Prizm Base peaking at over $800, now can be had under $10.

LeBron 2019 Prizm Base (first Lakers jersey)

But in other news... guess what is slightly UP from it's bottom?

Zion PSA 10 base and it's Pop of 21,401. From sub-$200 up to $225. #Invest

I don’t recall Bol Bol prizm base going anywhere near 800, I wanna say like 30-35$ was the top average going rate.


Seems like PSA 10 on base cards were hit the hardest, not surprising.


I’m not surprised prices came back to what they were. Think they are still up a bit.

Also, don’t think people are dumping basketball that much. I can NEVER find basketball at retail or the hobby shop. Think maybe the casuals left, but still plenty of interest in basketball from what I can tell.

[discodanman45]

PSA 10 1992 Topps Shaq Gold got to $12,000 and now is selling for a bit over $1000.

The junk wax era got hit the hardest. Still tons of gradable cards and POP's will continue to rise.

[k13]

Also, don’t think people are dumping basketball that much. I can NEVER find basketball at retail or the hobby shop. Think maybe the casuals left, but still plenty of interest in basketball from what I can tell.

People are selling under msrp on FB now for retail basketball
Still hard.

[k13]

They need to drop box prices back to normal

If there's top end cards that sell high in the set then box prices won't drop much.

So you can gamble for free at $100 a hobby box to hit a big card...you wish.

A gold prizm /10 of a top rookie has to sell for $500 or less for boxes to come down big.

[tjforce]

I don’t recall Bol Bol prizm base going anywhere near 800, I wanna say like 30-35$ was the top average going rate.


Seems like PSA 10 on base cards were hit the hardest, not surprising.


I’m not surprised prices came back to what they were. Think they are still up a bit.

Also, don’t think people are dumping basketball that much. I can NEVER find basketball at retail or the hobby shop. Think maybe the casuals left, but still plenty of interest in basketball from what I can tell.

Yes, it was a PSA 10 Bol Bol Base that sold for a max of $800 on August 10, 2020.

Honestly though, that wasn't the going rate, it was one bad buy. The next two highest sales were the same week, for $635 and $410. The rest were all $260 or under.

[mindcycle]

Lebron TC PSA 10 - 46.5k to 7.1k (84.7%)
LeBron TC BGS 9.5 - 20.6k to 3k (85.4%)
LeBron TC Refractor BGS 9.5 -125.6k to 22.2k (82.3%)
LeBron TC Refractor PSA 10 - 286.5k to 52.8k (81.6%)

I’m pretty sure that 280k LeBron ref was the one Geoff Wilson bought. I wonder how many other Lebron’s he bought at or near peak prices..

[tjforce]

I’m pretty sure that 280k LeBron ref was the one Geoff Wilson bought. I wonder how many other Lebron’s he bought at or near peak prices..

5 LeBron PSA 10s sold for over $260k in a 10 day span.

[mindcycle]

5 LeBron PSA 10s sold for over $260k in a 10 day span.

Yeah his was definitely one of those..

https://www.blowoutforums.com/showthread.php?t=1394053&page=8

[discodanman45]

I’m pretty sure that 280k LeBron ref was the one Geoff Wilson bought. I wonder how many other Lebron’s he bought at or near peak prices..

If we had to estimate how much money Geoff has lost on investing in sportscards from 2021, how much would it be? From just a few of the cards I have seen him buy, it could be well over $5 million dollars lost.

[mindcycle]

If we had to estimate how much money Geoff has lost on investing in sportscards from 2021, how much would it be? From just a few of the cards I have seen him buy, it could be well over $5 million dollars lost.

I mean that seems pretty high, but who knows.. He bought a PSA 10 Jordan RC for half a million and projected they’d go to 1 million. Seems like most of his 2021 investments and predictions fell off a cliff a few months after he made them.

There was a running joke on IG for awhile that whatever he was buying you’d want to sell immediately before they crashed hard shortly after lol.

[yiguiri2002]

It's insane to me that someone called Sports Cards Investor have bought so much at or near the peak on high end cards

[ninjacookies]

https://c.tenor.com/5iY9XU26qbQAAAAC/schitts-creek-david-rose.gif

Helllooooooooooooooooooo chapter 7.

[sportsyard]

It's insane to me that someone called Sports Cards Investor have bought so much at or near the peak on high end cards

his business is selling subscriptions, he has to keep the pump going.

[sportsyard]

2nd year cards took a pretty big tumble...

Lebron 2004 Topps Chrome PSA 10 $5000 peak, now at $365.

[oldgoldy97]

PMGs.

Or is that pump still strong?

[oldgoldy97]

They need to drop box prices back to normal

I’m at the point where every place still asking ridiculous prices could go belly up and it wouldn’t hurt me one bit.

[jzx1103]

PMGs.

Or is that pump still strong?

Those are actually one of the few cards thats gone up in value since 2021. I'm not even gonna disclose how much I sold my Kukoc Red for back in April. The buyer told me not to tell anyone cause hes afraid it might cause the prices of the remaining ones he's looking for to be even more expensive. I wasn't even looking to sell mine until I got the offer I got.

[mc1]

Those are actually one of the few cards thats gone up in value since 2021. I'm not even gonna disclose how much I sold my Kukoc Red for back in April. The buyer told me not to tell anyone cause hes afraid it might cause the prices of the remaining ones he's looking for to be even more expensive. I wasn't even looking to sell mine until I got the offer I got.

https://media3.giphy.com/media/Xb9q0u6s1fogE/giphy.gif

[Woodsy074]

PSA 10 1992 Topps Shaq Gold got to $12,000 and now is selling for a bit over $1000.

The junk wax era got hit the hardest. Still tons of gradable cards and POP's will continue to rise.

Never understood the meteoric rise on this one. The best Shaq rookie has always been the 1992 Upper Deck #1. The Upper Deck in a high grade seems to have held up much better on a relative basis given it is so hard to Gem.

[jzx1103]

https://media3.giphy.com/media/Xb9q0u6s1fogE/giphy.gif

Lmao not every post about a card going up is a pump post. If anything I would love for PMGs to be tanking right now as I want to add another to my collection after selling my only one. Difference between PMGs and all those other cards that tanked 90% like Lebron Chrome Rc is that PMGs of some players have literally never surfaced for sale in the past 18 months while I've already met several collectors still trying to build the set. Lebron Chrome RCs literally gets put up for sale on the daily, refractor versions gets put up for sale like every other week. The guy I sold the card to is also one of the biggest collectors in the northeast, especially of rare 90s inserts(well known on IG). But so many idiot here on blowout thinks everything is a pump thread.

[mc1]

:)!

I understand. Some guys around here claim otherwise.

https://www.blowoutforums.com/showthread.php?t=1525365

[jzx1103]

:)!

I understand. Some guys around here claim otherwise.

https://www.blowoutforums.com/showthread.php?t=1525365

Yea its the same few idiots here who thinks everything is a pump thread, PMGs has literally been pumping since 2008.

[k13]

5% collectors 95% investors/flippers.

[Stackfan]

Yes, it was a PSA 10 Bol Bol Base that sold for a max of $800 on August 10, 2020.

Honestly though, that wasn't the going rate, it was one bad buy. The next two highest sales were the same week, for $635 and $410. The rest were all $260 or under.

Ahh, I was thinking raw. I don’t buy PSA 10 in modern base, so I don’t even look at those prices. I’d hate to be that guy holding the bag on this.

[mindcycle]

Ahh, I was thinking raw. I don’t buy PSA 10 in modern base, so I don’t even look at those prices. I’d hate to be that guy holding the bag on this.

Since I make it pretty apparent i'm a Nuggets collector, I had a fair number of people contact me on IG at the beginning of the year trying to offload Bol Bol PSA graded base cards.

I politely let them know I wasn't interested.. :D

I can only imagine the number of guys holding Bol Bol optic base RC's they paid $80 for lol.

[NotOriginal]

Can we start a thread to calculate SCI's loss on sports card?

[threefromthetee]

They need to drop box prices back to normal

What does normal even mean? That’s like asking home prices to go back to where they were Pre-pandemic. Wishing for lower prices is a lost cause right now until people stop paying these dumb prices. Given the interest in the hobby, that ain’t happening.

[ninjacookies]

I'm unsure what's more emotionally staggering.

Dave&Busters floor manager that plopped 3g's down on a Zion Prizm dime bass (Pop 1 of 58 quadrillion, nun graded higher) lot....

or

Thoracic Surgeon that's 500k deep in the 86 Miguel Jordan grail slab (pop 317)

https://c.tenor.com/nMd3A8LZBn0AAAAM/levels-corey-anderson.gif

[oldgoldy97]

What does normal even mean? That’s like asking home prices to go back to where they were Pre-pandemic. Wishing for lower prices is a lost cause right now until people stop paying these dumb prices. Given the interest in the hobby, that ain’t happening.

In a thread talking about plummeting prices you bring up how people are paying dumb prices.

See anything wrong with that?

[mindcycle]

Can we start a thread to calculate SCI's loss on sports card?

This is a pretty good place to start..

https://www.blowoutforums.com/showthread.php?t=1394053&page=8

[chiefs]

Honest question...does Gary V still talk about cards? Did he flip everything or did he really believe?

[imbluestreak23]

Lebron TC PSA 10 - 46.5k to 7.1k (84.7%)
LeBron TC BGS 9.5 - 20.6k to 3k (85.4%)
LeBron TC Refractor BGS 9.5 -125.6k to 22.2k (82.3%)
LeBron TC Refractor PSA 10 - 286.5k to 52.8k (81.6%)

Gary was buying lots of these. Ouch

[boxbuster7]

Lebron TC PSA 10 - 46.5k to 7.1k (84.7%)
LeBron TC BGS 9.5 - 20.6k to 3k (85.4%)
LeBron TC Refractor BGS 9.5 -125.6k to 22.2k (82.3%)
LeBron TC Refractor PSA 10 - 286.5k to 52.8k (81.6%)

Crazy that the most "blue chip" player in the hobby experienced a correction of that multitude. Shows that a mixed bag is always a safer investment strategy when it comes to cards, unless you can afford the big boys that always go up :rolleyes:

[chiefs]

Gary was buying lots of these. Ouch

at least he practices what he preaches :o

[gomiamigo]

Gary was definitely at the NSCC, presumably buying some stuff.

[k13]

Who thought it was a good idea to pay over 100k for modern base cards???

[GOATcards]

saw k13's name, knew expertise must be speaking

[GOATcards]

Can't be. I've been told that it's always safe to invest in GOATs.

always safe to collect GOATs?

[GOATcards]

I bailed on my modern junk/base/bass 9 86F MJ two weeks from the pandemic peak, put about 1/10 of the proceeds there back into cards (mostly basketball, a couple football, most of it here (https://www.blowoutforums.com/showthread.php?p=18295159#post18295159), also another 87 Jordan Sticker SGC 8 and centered & cut great top/bottom), taken about a 40% hit overall on that, so being down about 4% from pandemic peak seems to be coming out ahead for some reason. Let GOATcards be your new value-collectinvesting guru?

[nera20]

I wish i had sold my sole lebron base psa 10 rookie that i have nothing into and then bought another but oh well that was probably my one mistake. if i had sold it though based on taxes i probably would have lost alot

[tjforce]

always safe to collect GOATs?

It's the mantra that I've heard so many times around here.

[ninjabum87]

Makes no sense either, because Skiddo, Dubwool, and Gogoat have zero valuable Pokemon cards.

[Cardboard Dawg]

Can we start a thread to calculate SCI's loss on sports card?

I don't know if the guy has lost a lot of money. He made an appearance at my LCS trade night a few months back -- I left around the time he arrived. Not a fan of the camera following around, didn't even know who he was until I was leaving

He was not buying hardly anything and was super hard pressed to pay top dollar for anything, and would not even negotiate on most cards people brought up to him. This is what the guys who work there told me. Here's to hoping that he saw the recession and bubble that was staring us in the face and backed off big time from purchasing long before then.

[pcptrade]

always safe to collect GOATs?

It's the mantra that I've heard so many times around here.

There is a GOAT (username) in the Brady thread that has been saying Brady's (GOAT) cards will always go up and are recession proof for the past 6 months while his card prices have been dropping.

[sportsyard]

JAMES HARDEN stuff fell off a cliff

[mindcycle]

I don't know if the guy has lost a lot of money. He made an appearance at my LCS trade night a few months back -- I left around the time he arrived. Not a fan of the camera following around, didn't even know who he was until I was leaving

He was not buying hardly anything and was super hard pressed to pay top dollar for anything, and would not even negotiate on most cards people brought up to him. This is what the guys who work there told me. Here's to hoping that he saw the recession and bubble that was staring us in the face and backed off big time from purchasing long before then.

One would hope that he’s spending more cautiously now after all the terrible buys he’s made lol. I guarantee the only reason he’s still in the game is due to revenue from his YouTube channel and website. There’s zero chance he’s in the black from card purchases.

[siebertb]

Not the biggest drop by any means but maybe my personal favorite was the 2012 Prizm Gold Tyshawn Taylor PSA 10 I sold for $2827 on 11/17/21. Last night one ended at $270.

[threefromthetee]

In a thread talking about plummeting prices you bring up how people are paying dumb prices.

See anything wrong with that?

I don’t. Guy wants wax prices to go back to normal; it’s tied to people still propping up wax by paying the prices. What’s your point?

[mindcycle]

Not the biggest drop by any means but maybe my personal favorite was the 2012 Prizm Gold Tyshawn Taylor PSA 10 I sold for $2827 on 11/17/21. Last night one ended at $270.

Oh man.. lol

12-13 Prizm golds were pumped to ridiculous levels in 2021. Da nExT PmG MaNg! Great job selling it for a huge profit during all that nonsense.

[bigdog2003]

I sold a Shawn Kemp 1990 Fleer PSA 10 for $270 at some point in 2020, 1 ended for $34.99 recently.

[siebertb]

Oh man.. lol

12-13 Prizm golds were pumped to ridiculous levels in 2021. Da nExT PmG MaNg! Great job selling it for a huge profit during all that nonsense.

I thought they were a good way to focus my KU PC back in 2016 or so. That worked out in my favor lol.

Just checked and my Josh Selby PSA 10 gold sold for the same price as the Tyshawn. Insanity

[tracymcgravy]

What about the LeBron Lakers Optic Rookie? Wow, that pump was impressive.

Like just under $1k to just under $100.

The holos were doing 1k+... think the highest sale price for the base was $490. Card is sitting on the bay for $25 now with free shipping.

[drobfan8]

The holos were doing 1k+... think the highest sale price for the base was $490. Card is sitting on the bay for $25 now with free shipping.

That's wild

I actually believe that card does go up in price. Seems way too affordable. But the $1k price was nuts

[yiguiri2002]

That's wild

I actually believe that card does go up in price. Seems way too affordable. But the $1k price was nuts

Yeah, I feel the same. First year Optic (specially Holos with their print run) should go up.

It's funny how fast these cards go from underpriced to overpriced back to udnerpriced.

[gomiamigo]

Thank god I flipped my Lebron Lakers 1st prizm BGS 10 I pulled at the heights. Turned it into a Babe Ruth auto.

[mizzoujohn]

Thank god I flipped my Lebron Lakers 1st prizm BGS 10 I pulled at the heights. Turned it into a Babe Ruth auto.

Wow, that’s just crazy. Crazy awesome for you in the end! But crazy that was possible with the lebron pump.

[grizjunkie23]

The holos were doing 1k+... think the highest sale price for the base was $490. Card is sitting on the bay for $25 now with free shipping.

I remember selling a lot of 4 raw base Optics for just under $300 because they were well-centered and looked grade worthy. Buyer may even have made out okay if he managed to grade before PSA closed down. Crazy to think I was on the fence about selling them because I was considering having them graded myself.

[jbmm161]

Pretty much everything I bought in 2021.


Sent from my iPhone using Tapatalk

[hobbytime]

So since the last post in August 2022. How much has changed during the 2022-23 basketball season. Are there more bigger drops since?

[Siblix181]

So since the last post in August 2022. How much has changed during the 2022-23 basketball season. Are there more bigger drops since?

Lulu gotta have killed so many lol

[KhalDrogo]

So since the last post in August 2022. How much has changed during the 2022-23 basketball season. Are there more bigger drops since?
Looking at a year time frame, here are some big losers.

Curry TC Refractor BGS 9.5 -73%
Curry NT RPA Gold BGS 9 -73%
Curry NT RPA Platinum PSA 9 -71%
LeBron Ultimate PSA 10 -71%
LeBron Ultimate BGS 9.5 -70%
Luka NT RPA Gold BGS 9.5 -69%
LeBron Exquisite RPA /23 BGS 8.5 -65%
Curry NT RPA BGS 9.5 -63%
Luka NT RPA BGS 9.5 -63%
Luka Prizm Orange PSA 10 -63%
LeBron TC Gold BGS 9.5 -62%
Luka Prizm Blue Ice PSA 10 -61%
LeBron E-X Essential Credentials BGS 9.5 -60%
LeBron SPA BGS 9.5 -60%
Curry TC Gold BGS 9.5 -59%
Giannis Prizm Gold BGS 9.5 -59%

[gomiamigo]

Wow, that’s just crazy. Crazy awesome for you in the end! But crazy that was possible with the lebron pump.

It was a mojo bgs 10 for a Ruth psa 10 auto, but yeah I came out very nicely on that one.

[mindcycle]

It was a mojo bgs 10 for a Ruth psa 10 auto, but yeah I came out very nicely on that one.

Dude that’s awesome. :)!:)!

[1980bust]

The awful Zion Mosaic Silver RC PSA 10 is down from $1775 to $96.

A 95% drop. :D

[ninjacookies]

The awful Zion Mosaic Silver RC PSA 10 is down from $1775 to $96.

A 95% drop. :D


Damn. Was the Mosaic really $1775 at peak? Nightmare fuel.

[1980bust]

Damn. Was the Mosaic really $1775 at peak? Nightmare fuel.

Well, including BP in a PREMIER listing ffs :doh:

https://i.ibb.co/xCwXZ5j/Screenshot-2023-04-09-at-6-08-57-pm.png (https://ibb.co/BzvcksZ)

[ninjacookies]

Well, including BP in a PREMIER listing ffs :doh:

https://i.ibb.co/xCwXZ5j/Screenshot-2023-04-09-at-6-08-57-pm.png (https://ibb.co/BzvcksZ)

Premier'ing bass?

Yeah. 'Vid-mania was a helluva ride.

[hobbytime]

https://twitter.com/ericwhiteback/status/1683969985117405186?s=20

I guess this one wins singlehandedly.

[mc1]

https://twitter.com/ericwhiteback/status/1683969985117405186?s=20

I guess this one wins singlehandedly.

All SI 4 Kids “cards” are trash.

[duron]

“Grading perforations”

https://media.tenor.com/R7SSPgLSrhEAAAAC/vkm-vince.gif

[Scottish Punk]

All SI 4 Kids “cards” are trash.

I actually like them for the non traditional stuff. Tennis, Olympics, Golf. Of course some oddball is too much. I also wouldn't pay thousands for any particular one either. Wemby's seem to be all priced pretty outrageous. I would expect those to crater once his official NBA cards are released.

Currently I only own a Simone Byles card, but I do have a few others on my want list.

[drwnnglifgrds]

I actually like them for the non traditional stuff. Tennis, Olympics, Golf. Of course some oddball is too much. I also wouldn't pay thousands for any particular one either. Wemby's seem to be all priced pretty outrageous. I would expect those to crater once his official NBA cards are released.

Currently I only own a Simone Byles card, but I do have a few others on my want list.

same. there are some good skateboarding RC in SI 4 Kids. plus, the nostalgia factor. i used to love getting those zines in the mail every month!

[GOATcards]

All SI 4 Kids “cards” are trash.

they're not cards?

(what is a card anyway rodin-thinker.jpg)

[johnscards]

This one still gets me :doh:

1997 Metal Universe #23 Michael Jordan BASE (I said BASE card)...

Peaked just shy of $14k in 2021. Down about 72% (and still grossly overpriced):

https://i.ibb.co/qk9jkPg/1.png

[GOATcards]

what was that one troll about 6 months ago forecasting for some bundle of named kards for 6 months in the future? like 50% increase or some such?

[hobbytime]

https://i.imgur.com/d5n1Oef.jpg

[mc1]

Meanwhile PSA 10 Bass Topps rookies of Garnett and Kobe are down 95 percent or more!

[anusinha]

That's a pretty hefty drop for arguably the defining card of the modern basketball era.

[anusinha]

Meanwhile PSA 10 Bass Topps rookies of Garnett and Kobe are down 95 percent or more!

Dont forget Tim Duncan.... the pump on that guy was real.


https://cdn.discordapp.com/attachments/834796946064801792/1180994944794636391/image.png?ex=657f7240&is=656cfd40&hm=b8e0879875bb789f618383187e356ca74b7d488233f8b2b231292c8dd7935a71&


Looks like peaks at 1.3k, currently 60 bucks.

[1980bust]

The awful Zion Mosaic Silver RC PSA 10 is down from $1775 to $96.

A 95% drop. :D

Damn - even that $96 in April now seems high compared to the current $34 - a 98% drop from peak.

https://i.ibb.co/qgS2gQp/209.jpg (https://ibb.co/bv0Gv9X)

[mc1]

That's a pretty hefty drop for arguably the defining card of the modern basketball era.

How much have Kobe Chrome Rookie base and refractors dropped?

[hermanotarjeta]

Dang, some investor bros really not having fun in the hobby out there!

[KhalDrogo]

That's a pretty hefty drop for arguably the defining card of the modern basketball era.
Back to pre-pandemic pricing.

Short of sets like Jambalaya, PMGs, Star Rubies, etc, everything is going back to 2019 prices. Some will just take longer than others.

[anusinha]

How much have Kobe Chrome Rookie base and refractors dropped?

https://cdn.discordapp.com/attachments/834796946064801792/1181008796915609670/image.png?ex=657f7f27&is=656d0a27&hm=c5696d6b9d314407640584a4dfd26de037a2b4672a1a385216cd65b75629d8d7&

looks like peaks are 500k and 42k and current values are 120k(no recent sales) and 3.9K.

42k for a base kobe psa 10.......

[rhigh2390]

Back to pre-pandemic pricing.

Short of sets like Jambalaya, PMGs, Star Rubies, etc, everything is going back to 2019 prices. Some will just take longer than others.

Will Jordan stuff get back to 2019 prices? I'd love to pick up some stuff I still need (mainly mid-high end inserts and rare game used cards).

[hermanotarjeta]

That's a pretty hefty drop for arguably the defining card of the modern basketball era.

Will be interesting to see if it actually has anymore room to go back up in price.

Sometimes, the dip keeps on dipping then remains flat for a long long time.

[KhalDrogo]

Will Jordan stuff get back to 2019 prices? I'd love to pick up some stuff I still need (mainly mid-high end inserts and rare game used cards).
Doubt it. MJ was undervalued for decades.

[drobfan8]

Will Jordan stuff get back to 2019 prices? I'd love to pick up some stuff I still need (mainly mid-high end inserts and rare game used cards).

Might see some reasonable prices.

But ultimately I think the only way is up for the GOAT.

When people are unsure on prospects or the "market" seems to be doing bad, Jordan seems to go up again.

I know in Australia MJ sells at the shows. Over and over.

[thenightman]

Someone take a look at Project 2020. Ooof!

[rhigh2390]

Doubt it. MJ was undervalued for decades.

Agreed. I've always been a collector and am always astounded at how you can get some of the top players of all time for cheaper than a mid-first round RPA.

Might see some reasonable prices.

But ultimately I think the only way is up for the GOAT.

When people are unsure on prospects or the "market" seems to be doing bad, Jordan seems to go up again.

I know in Australia MJ sells at the shows. Over and over.

Love that for what I've already got... Hate it for what I still need lol

[mc1]

Might see some reasonable prices.

But ultimately I think the only way is up for the GOAT.

When people are unsure on prospects or the "market" seems to be doing bad, Jordan seems to go up again.

I know in Australia MJ sells at the shows. Over and over.

Jordan Fleer Rookies are still at their all-time highs?

[boxbuster7]

https://i.imgur.com/d5n1Oef.jpg

Wonder what the biggest $ loss is. Luka national treasures logoman?

[rhigh2390]

Jordan Fleer Rookies are still at their all-time highs?

Considering how many of those were made, it's still pretty crazy how expensive they are. I heard a Fleer executive say around 250,000 were produced.

[hobbytime]

https://youtu.be/T0nSvg2KgCc

Still hurts


Sent from my iPhone using Tapatalk

Most recent one ended for $4,750.

So is this where the card is going to be?

Poor guy spending $36,000 at least the seller knew when to dump it in 2020.

[imbluestreak23]

Considering how many of those were made, it's still pretty crazy how expensive they are. I heard a Fleer executive say around 250,000 were produced.

It's kinda disgusting that there are something like 8X the number of Wander Topps rookies, plus all the other #@#@#@#@ FanTopps is squeezing out of their asscheeks today.

Fleer MJ seems like an SP by today's standards lol. Disgusting.

[ninjacookies]

Meanwhile, in make believe cyberland: buttcoin approaching 300% up since 'vid lows.


Mid-high end slabbois...

https://media.tenor.com/tDdArCtQZyoAAAAC/voldemort-never.gif

[Nomad]

So my observation and this is going to sound harsh. I thought like there was a transparent market for value in sports cards during my time in Philippines, at least for iconic blue chip cards, as there would be in stamps or coins, and I paid at standard eBay prices basically.

I didn't realize that a Kobe Apprentices PSA 9, with plastic, is not a cash equivalent of $700 give or take $100, for the foreseeable future. And when I hit Vegas it was thrown in my face that there are a lot of gambling types in the hobby, as opposed to say a more established auction and market place.

But I also have faith, because hobbies in their first decades take a number of crashes and booms to settle on a stable trading and cash value formulation. And so many old basketball binders were coming out of the woodwork, in the Philippines, if not elsewhere, during the pandemic when people became more aware through the power of Facebook groups of the value of their hobby binders. Throw a pandemic on top of that and boredom quelled by the Internet and a dire need for cash. So the supply of key 90s stuff must have quadrupled suddenly. Positive news, that is a one time event. They ain't gonna invent Facebook or the Internet a second time.

And I still have my true GG 10 (patina) Iverson Apprentices, that in the long run I think will be worth more than the silver Kobe.

[1980bust]

Most recent one ended for $4,750.

So is this where the card is going to be?

Poor guy spending $36,000 at least the seller knew when to dump it in 2020.

https://i.ibb.co/1dh3c9v/Chrome.jpg (https://ibb.co/pRGgq30)
https://i.ibb.co/G5DpxHR/3a7.jpg (https://ibb.co/hmN97YV)

[YayNJ]

https://i.ibb.co/1dh3c9v/Chrome.jpg (https://ibb.co/pRGgq30)
https://i.ibb.co/G5DpxHR/3a7.jpg (https://ibb.co/hmN97YV)

To be fair, after he bought this, some were selling for way more than he paid.

hope he got out lol

[JeremyNick]

What happened to all the “hobby strong” and “this is the new normal” boys?

[KhalDrogo]

What happened to all the “hobby strong” and “this is the new normal” boys?
We’re still searching for the new normal.

[JeremyNick]

We’re still searching for the new normal.

I believe you were one of them. Saying the PSA 10 86f Jordan was going to be a multimillion dollar card long term.

[jcardstore]

I believe you were one of them. Saying the PSA 10 86f Jordan was going to be a multimillion dollar card long term.

Oops :coffee:

[Brobocop]

It never ceases to amaze me how prices on cards have dropped so hard yet wax slowly just creeps down bit by bit. The addiction to group breaking with addicts thinking they will first get the team that is needed to get the big hit and then get lucky a second time and get the big hit they need is amazing to me. I did a few group breaks a year ago for about a combined $200, got about $10 worth of cards out of it, and wanted to punch myself in the face for being a sucker.

I'm happy to say that I bought a total of zero cards during the run-up since I, like most here, saw the writing on the wall and knew things weren't going to last. This message board in my eyes is where a lot of real hobbyists reside and knew that being patient and selling rather than buying was the smart move. I think things will still be out of whack until wax returns to a normal price which may never happen with Fanatics now in charge and group breaking still a big thing for the hobby.

[hermanotarjeta]

What happened to all the “hobby strong” and “this is the new normal” boys?

They are still hanging out with the “stop living in yesterday” and “you need to adapt” flipper boi crowd.

[jcardstore]

They are still hanging out with the “stop living in yesterday” and “you need to adapt” flipper boi crowd.

Don’t forget the “can’t go any lower” crowd. I mean it’s already dropped 90%+ how could it even be possible to drop another 90%+ :cry:

[oldgoldy97]

Oops :coffee:

:cry:

[colbycolbycolby]

Holy moly. Lebron Kaboom market doing just fine.

https://www.ebay.com/itm/375087663692?mkcid=16&mkevt=1&mkrid=711-127632-2357-0&ssspo=2_OhBcRQQ3i&sssrc=4429486&ssuid=nSSxBfqURe6&var=&widget_ver=artemis&media=COPY

[anusinha]

If that guys job is retail card flipper, maybe he can still sell it for more than his salary.

[GeechQuest]

It never ceases to amaze me how prices on cards have dropped so hard yet wax slowly just creeps down bit by bit. The addiction to group breaking with addicts thinking they will first get the team that is needed to get the big hit and then get lucky a second time and get the big hit they need is amazing to me. I did a few group breaks a year ago for about a combined $200, got about $10 worth of cards out of it, and wanted to punch myself in the face for being a sucker.

I'm happy to say that I bought a total of zero cards during the run-up since I, like most here, saw the writing on the wall and knew things weren't going to last. This message board in my eyes is where a lot of real hobbyists reside and knew that being patient and selling rather than buying was the smart move. I think things will still be out of whack until wax returns to a normal price which may never happen with Fanatics now in charge and group breaking still a big thing for the hobby.

There’s not much liquidity in the wax market outside of the newest releases.

Even the BO buying list is gone.

The wax middle men just realized they can sell very little and maintain margins off the degenerates at higher prices.

https://www.atticinvestments.com/wp-content/uploads/2023/11/Modern-Wax-Fund-Quarterly-Report-9.30.23.pdf

Patiently waiting for Blowout trying to realize the gains on this stuff. Arguably my favorite boondoggle of the Pandemic. I couldn’t imagine having my money locked up since February 2020. Would have missed out on so many opportunities only to have it tied into this garbage that can’t move.

The biggest middle man in the game secured the bag in early 2020. They have no incentive to price to market. They already won.

[hermanotarjeta]

There’s not much liquidity in the wax market outside of the newest releases.

Even the BO buying list is gone.

The wax middle men just realized they can sell very little and maintain margins off the degenerates at higher prices.

https://www.atticinvestments.com/wp-content/uploads/2023/11/Modern-Wax-Fund-Quarterly-Report-9.30.23.pdf

Patiently waiting for Blowout trying to realize the gains on this stuff. Arguably my favorite boondoggle of the Pandemic. I couldn’t imagine having my money locked up since February 2020. Would have missed out on so many opportunities only to have it tied into this garbage that can’t move.

The biggest middle man in the game secured the bag in early 2020. They have no incentive to price to market. They already won.

LOL, I totally forgot about that fund!

I love it when they “price” their own current market value of each box to generate a percentage gain number!

[JeremyNick]

Oops :coffee:


https://uploads.tapatalk-cdn.com/20231204/f06500dd2073993b454c719276353838.jpg
Seeing it in graphic form is so much more mind bottling.

How did anyone, ever with a shred of foresight say “man this looks totes normal”?


Sent from my iPhone using Tapatalk

[KhalDrogo]

I believe you were one of them. Saying the PSA 10 86f Jordan was going to be a multimillion dollar card long term.
I said it would get to $1M before it got to $100k. And after that, it got to $840k.

I still don’t see it getting to $100k again. Might take a couple of decades to get to $1M though.

[hermanotarjeta]

There’s not much liquidity in the wax market outside of the newest releases.

Even the BO buying list is gone.

The wax middle men just realized they can sell very little and maintain margins off the degenerates at higher prices.

https://www.atticinvestments.com/wp-content/uploads/2023/11/Modern-Wax-Fund-Quarterly-Report-9.30.23.pdf

Patiently waiting for Blowout trying to realize the gains on this stuff. Arguably my favorite boondoggle of the Pandemic. I couldn’t imagine having my money locked up since February 2020. Would have missed out on so many opportunities only to have it tied into this garbage that can’t move.

The biggest middle man in the game secured the bag in early 2020. They have no incentive to price to market. They already won.

I said it would get to $1M before it got to $100k. And after that, it got to $840k.

I still don’t see it getting to $100k again. Might take a couple of decades to get to $1M though.

Counterfeiting will kill the fleer jordan market eventually.

[GOATcards]

https://uploads.tapatalk-cdn.com/20231204/f06500dd2073993b454c719276353838.jpg
Seeing it in graphic form is so much more mind bottling.

How did anyone, ever with a shred of foresight say “man this looks totes normal”?


Sent from my iPhone using Tapatalk

imagine being Timbaland or some other loaded fool who bought at $750K just days after it went for $200K
(says this here fool who paid the peak price on a 03 Pristine Mini Bron :o)

[asymmetricalbet]

New to the forums so take it for what it's worth (though I have collected for a long time) but I think cards that are under 500 bucks currently have the best long term ROI potential. The overprinting has created an opportunity in that just because of sheer volume lots of cards are overlooked. Especially cheaper cards. Too many people in this hobby just think what is today will definitely be tomorrow. More likely than not, it won't go down that way. Cards that are under 500 bucks are cards that true collectors not playing the speculating game are more likely to look to. They can still really enjoy collecting without breaking the bank. I'd be willing to bet that certain cards will be vacuumed up by true collectors and then 5-10 years from now, the whole hobby will collectively wake up and be like "Oh geez, x card is so awesome, why didn't I buy it before?" At that point hardly any will be available and people will actually want them which is the real transmission mechanism for value. The best opportunity, contrary to the oft repeated influencer sentiment of "x card is down 50% from the highs, it is now attainable," is actually in cheaper cards from sets that are overlooked.

I'm also a believer that aesthetics always win. Patch or no patch. Auto or no auto. I find that 90s insert guys often have a great eye for aesthetically beautiful cards. I do try and keep my eye to see what they are seeing ultra modern. Even if I disagree I find the perspective valuable.

My final thought is that eventually the serial number on the card won't matter in a certain sense. For example people will see orange /60 and think of it in terms of total number of orange parallels (or reasonably similar) across all flagship brands from the era (prizm, opitc, select). The mindet will shift to see it as orange out of /1200 or whatever based on how many orange parallels were printed across a players entire career. If you want to know what that means go look at cards of any great player from the 90s with a serial numbered print run of 1,000 or 5,000 or whatever. It ain't pretty.

Happy to be here. Look forward to the convo.

[Brobocop]

New to the forums so take it for what it's worth (though I have collected for a long time) but I think cards that are under 500 bucks currently have the best long term ROI potential. The overprinting has created an opportunity in that just because of sheer volume lots of cards are overlooked. Especially cheaper cards. Too many people in this hobby just think what is today will definitely be tomorrow. More likely than not, it won't go down that way. Cards that are under 500 bucks are cards that true collectors not playing the speculating game are more likely to look to. They can still really enjoy collecting without breaking the bank. I'd be willing to bet that certain cards will be vacuumed up by true collectors and then 5-10 years from now, the whole hobby will collectively wake up and be like "Oh geez, x card is so awesome, why didn't I buy it before?" At that point hardly any will be available and people will actually want them which is the real transmission mechanism for value. The best opportunity, contrary to the oft repeated influencer sentiment of "x card is down 50% from the highs, it is now attainable," is actually in cheaper cards from sets that are overlooked.

I'm also a believer that aesthetics always win. Patch or no patch. Auto or no auto. I find that 90s insert guys often have a great eye for aesthetically beautiful cards. I do try and keep my eye to see what they are seeing ultra modern. Even if I disagree I find the perspective valuable.

My final thought is that eventually the serial number on the card won't matter in a certain sense. For example people will see orange /60 and think of it in terms of total number of orange parallels (or reasonably similar) across all flagship brands from the era (prizm, opitc, select). The mindet will shift to see it as orange out of /1200 or whatever based on how many orange parallels were printed across a players entire career. If you want to know what that means go look at cards of any great player from the 90s with a serial numbered print run of 1,000 or 5,000 or whatever. It ain't pretty.

Happy to be here. Look forward to the convo.

I think people need to stop looking at cards as investments first and foremost. In my years on this earth I have found that things I have bought because I liked it and just wanted to display it or have as part of my collection appreciated in price much more than things I bought as an investment. Star Wars figures are a good example of this. Bought a ton as a teenager when the prequels came out thinking they'd be worth a ton down the line and year later, I ended up donating them since finding someone to sell them to would cost more to ship them than I'd be making.

Meanwhile, I bought a TON of the Jakks Pacific Rocky figures as a huge fan of the films. Displayed them in my room for years until I boxed them up in a move. When I moved out on my own, rather than lug them off to my apartment, I sold them for a giant profit. I can cite many more experiences like this and while they are my own personal experiences, I learned a ton from those times. I invest in the stock market, I collect trading cards.

[imbluestreak23]

Both of those posts are true ^^

Cards should be viewed as a collectable 1st and foremost. Because of and if they are viewed as investments 1st and foremost, it then creates an opportunity for people to capitalize by selling collectibles back and forth with the end goal hopefully being that the last buyer is a collector and not a flipper. That's how the card market has worked for years up until 2020 when "sports card investor" became a thing.

But agree that despite the sheer amount of #@#@#@#@ getting made, there are cards and sets being overlooked and overshadowed by volume. Some of the 90s insert sets really popped later on in the years to follow as things dried up. I remember the EX Net Assets MJ not really being all that popular, now it's one of his most popular 90s inserts. Same thing with shiny 90s base cards from cool sets. EX-2000 MJ cards outsell some of his lower tier inserts that "booked" more back in the day.

But yeah, 99% of Poopini is crap for sure

[KhalDrogo]

Current players have a tough hill to climb. We’re in an era of hyper production, and it’s only going to get worse. LeBron already has two decades of cards and he’s not even done playing. If he signs with Fanatics after retirement, that only makes the situation worse. I don’t see enough new money coming in every year to keep up with what’s being produced. So LeBron singles will continue to fall. If LeBron falls, so will everyone else. It has to be a really special and truly scarce card/set to appreciate going forward. Or you need player performance that comes out of nowhere.

[BBases31]

My final thought is that eventually the serial number on the card won't matter in a certain sense. For example people will see orange /60 and think of it in terms of total number of orange parallels (or reasonably similar) across all flagship brands from the era (prizm, opitc, select).

Panini crap will be left in the dust. Panini's card aesthetic quality looks like it was made by a child compared to modern Topps baseball. Once the Topps quality comes back, Panini stuff will all sink

[Scottish Punk]

If you are superstar player, you are likely going to have cards every year going forward after retirement. I feel like we get Bird, Magic, Garnett, Iverson ,etc in every Prizm and Prizm draft set. Plus other autos and patches sprinkled in. How does the market see this generally for somebody like Garnett/Kobe where there career cards are during over produced stuff from before. Or Magic and Bird where it was the full junk wax time? I know numbered inserts are the big deal but what about the "standard" stuff. Would you rather have second/third year non numbered Garnett/Kobe or a recent Prizm parallel that is shiny and numbered?

[fabiani12333]

There’s not much liquidity in the wax market outside of the newest releases.

Even the BO buying list is gone.

The wax middle men just realized they can sell very little and maintain margins off the degenerates at higher prices.

https://www.atticinvestments.com/wp-content/uploads/2023/11/Modern-Wax-Fund-Quarterly-Report-9.30.23.pdf

Patiently waiting for Blowout trying to realize the gains on this stuff. Arguably my favorite boondoggle of the Pandemic. I couldn’t imagine having my money locked up since February 2020. Would have missed out on so many opportunities only to have it tied into this garbage that can’t move.

The biggest middle man in the game secured the bag in early 2020. They have no incentive to price to market. They already won.

I believe I read that BO had sold off the original inventory and made big returns for the fund -- they own 50% and a controlling stake in the fund. It's the second round of wax purchases that are now being tracked -- they were bought during high prices. Those are boxes that are set to be liquidated.

[Nomad]

Why don't they use the fund to do good. Like a transparent fantasy league type vaulted trading market that is exciting, cash convertible (to an extent), fun to play, and rewards even little guy investors if their team wins or the player suddenly spikes in utility and performance. With the quantity of base and silver produced and upwards, rustling up playing chips at each position of the floor should be no issue.

[fabiani12333]

https://uploads.tapatalk-cdn.com/20231204/f06500dd2073993b454c719276353838.jpg
Seeing it in graphic form is so much more mind bottling.

How did anyone, ever with a shred of foresight say “man this looks totes normal”?


Sent from my iPhone using Tapatalk

The people who entered the hobby during bubble and didn't know any better. They thought prices of cards would only go up. They were convinced by influencers and fly-by-night businesses that trading cards were the new, hot alternative investment.

[Nomad]

[QUOTE=JeremyNick;19178957]https://uploads.tapatalk-cdn.com/20231204/f06500dd2073993b454c719276353838.jpg

Let me quote this big ass graphic one more time. I'm not a moron.

[hermanotarjeta]

If you are superstar player, you are likely going to have cards every year going forward after retirement. I feel like we get Bird, Magic, Garnett, Iverson ,etc in every Prizm and Prizm draft set. Plus other autos and patches sprinkled in. How does the market see this generally for somebody like Garnett/Kobe where there career cards are during over produced stuff from before. Or Magic and Bird where it was the full junk wax time? I know numbered inserts are the big deal but what about the "standard" stuff. Would you rather have second/third year non numbered Garnett/Kobe or a recent Prizm parallel that is shiny and numbered?

This is what is keeping the Jordan market propped up.

No more bulls uni post retirement cards.

[GeechQuest]

I believe I read that BO had sold off the original inventory and made big returns for the fund -- they own 50% and a controlling stake in the fund. It's the second round of wax purchases that are now being tracked -- they were bought during high prices. Those are boxes that are set to be liquidated.

Nope. You can check back on the quarterly disclosures. Still holding. They’ve realized $700,000 worth of sales since inception.

[GOATcards]

Both of those posts are true ^^

Cards should be viewed as a collectable 1st and foremost. Because of and if they are viewed as investments 1st and foremost, it then creates an opportunity for people to capitalize by selling collectibles back and forth with the end goal hopefully being that the last buyer is a collector and not a flipper. That's how the card market has worked for years up until 2020 when "sports card investor" became a thing.

But agree that despite the sheer amount of #@#@#@#@ getting made, there are cards and sets being overlooked and overshadowed by volume. Some of the 90s insert sets really popped later on in the years to follow as things dried up. I remember the EX Net Assets MJ not really being all that popular, now it's one of his most popular 90s inserts. Same thing with shiny 90s base cards from cool sets. EX-2000 MJ cards outsell some of his lower tier inserts that "booked" more back in the day.

But yeah, 99% of Poopini is crap for sure

1. Re the Net Assets MJ
https://www.sportscardinvestor.com/cards/michael-jordan-basketball/1996-skybox-e-x2000-net-assets/
https://sportscardinvestor.s3.amazonaws.com/prod/363_76_1733_8-L

To each their own, it's not the sort of card that I'd think to post to the aesthetically-best MJ cards thread. For that I think immediately of the 97 UD3 Jordan ('starstruck') or a particular 'Reflections' card from the 97 UD Tribute set.
I guess I think of Inserts as more of a niche/genre of clecting

2. For EX-2000, I don't see how the Kobe Credentials RC/parallel isn't an ultimate card (like, say, a 97 Platinum Medallion /100 Duncan for Timmy clecters)

3. Re Panini product, the standout aesthetic designs for me have been the Origins beginning in '19, the Gold Standard low-serial-number sets from 2010-2016 or so, '19 and '21 Donruss Elite, the '18 Certified Gold-Team insert, the inaugural '12 Select, '15 Select Prizm-parallel, and maybe other sets with extra-thick card stock like the Origins, such as the '12 Marquee. I also like the Essentials concept started in '17 or so, although it basically references the Flair Showcase model, with some added optical effects. Also I don't know how well '19 Select works for other players but it's great for Joker (3rd tier Select, #273 (https://www.google.com/search?q=2019+select+jokic+273)) :) Same for '19 Luminance with Giannis :flex:

Also '13 Pinnacle and how can one not like '12 Brilliance . . .

[boxbuster7]

https://i.ibb.co/1dh3c9v/Chrome.jpg (https://ibb.co/pRGgq30)
https://i.ibb.co/G5DpxHR/3a7.jpg (https://ibb.co/hmN97YV)

Have a link to this video just so I can have a good monday laugh?

[GOATcards]

Have a link to this video just so I can have a good monday laugh?

T0nSvg2KgCc

[fabiani12333]

Nope. You can check back on the quarterly disclosures. Still holding. They’ve realized $700,000 worth of sales since inception.

Oh, okay. I see they've sold 806 boxes of the original 9,202 total for a profit of $480,966. This is the case even though they originally claimed they'd start selling off boxes in years 4-7. I'm not sure why they didn't sell off a lot more boxes during the market peak -- the fund has lost millions in value since then.

[tjforce]

T0nSvg2KgCc

Here's the sad thing about all of this:

That's a really good card. Take all the investing and hype beasts and just put on your card-nerd thinking cap for a moment, and realized that a gem mint rookie of the most iconic player of his era is a really nice card to have.

But by god, not a $36,000 card.

[boxbuster7]

Oh, okay. I see they've sold 806 boxes of the original 9,202 total for a profit of $480,966. This is the case even though they originally claimed they'd start selling off boxes in years 4-7. I'm not sure why they didn't sell off a lot more boxes during the market peak -- the fund has lost millions in value since then.

Because greed

[colbycolbycolby]

Here's the sad thing about all of this:

That's a really good card. Take all the investing and hype beasts and just put on your card-nerd thinking cap for a moment, and realized that a gem mint rookie of the most iconic player of his era is a really nice card to have.

But by god, not a $36,000 card.

One of the craziest videos the hobby ever produced. Feel bad for him. Should have at least gotten a refractor. Dude is down 30k and prolly always will be. I've been collecting since I was five and even I've whiffed a couple times. The confidence this dude exudes after six months of 'research' is amazing.

[BBases31]

https://i.imgur.com/d5n1Oef.jpg

It was pretty obvious that LeBron was overpriced. His popularity is not on the level of the other GOATs of basketball. He is without a doubt the 2nd best player to ever play, and maybe the best, but card prices are not just driven by on court performance.

[elontusk1119]

https://www.espn.com/mlb/story/_/id/39039390/1914-baltimore-news-babe-ruth-rookie-card-nets-72-million

A 1914 Baltimore News Babe Ruth rookie card sold for $7.2 million, including the buyer's premium, just after midnight Monday, the third-highest sum ever paid for a sports card. It narrowly missed the $7.25 million paid for a T206 Sweet Caporal Honus Wagner card in August 2022.

[jcardstore]

It was pretty obvious that LeBron was overpriced. His popularity is not on the level of the other GOATs of basketball. He is without a doubt the 2nd best player to ever play, and maybe the best, but card prices are not just driven by on court performance.

This is a gem gotta save it :cry:

[pete2345]

It was pretty obvious that LeBron was overpriced. His popularity is not on the level of the other GOATs of basketball. He is without a doubt the 2nd best player to ever play, and maybe the best, but card prices are not just driven by on court performance.

There are not several GOAT'S in any sport hence the name. And lebron isn't even top 5 player. He's not even the best SF ever. :)!

[BBases31]

This is a gem gotta save it :cry:

Guess how many times LeBron had the top selling NBA jersey for his first 10 years in the league? Twice. He was the top selling jersey in only 4 of his 15 non-Laker seasons

[jcardstore]

Guess how many times LeBron had the top selling NBA jersey for his first 10 years in the league? Twice. He was the top selling jersey in only 4 of his 15 non-Laker seasons

So are we talking about jersey sales or card prices, I can't keep track

[BBases31]

So are we talking about jersey sales or card prices, I can't keep track

They are a proxy for popularity. I said it was obvious LeBron's cards went too high because he wasn't popular enough to justify those kinds of prices. Even if his on-court performance did

[jcardstore]

They are a proxy for popularity. I said it was obvious LeBron's cards went too high because he wasn't popular enough to justify those kinds of prices. Even if his on-court performance did

You are on fire with the gems today :cry:

Keep em coming!

[pcptrade]

They are a proxy for popularity. I said it was obvious LeBron's cards went too high because he wasn't popular enough to justify those kinds of prices. Even if his on-court performance did

https://hoopshype.com/lists/the-best-selling-nba-jerseys-season-by-season/

#1 for 9 years. Top 2 over the past 20 years (since 2003) except for four years where he was still in top 5.

[fabiani12333]

https://hoopshype.com/lists/the-best-selling-nba-jerseys-season-by-season/

#1 for 9 years. Top 2 over the past 20 years (since 2003) except for four years where he was still in top 5.

Wow -- Iverson's jersey sales were strong late in his career, even when he was playing for the Nuggets and Pistons.

[BBases31]

https://hoopshype.com/lists/the-best-selling-nba-jerseys-season-by-season/

#1 for 9 years.

And in his non-Laker years only at the top 4 out of 15 seasons. He needed to ride the back of Lakers' popularity as a team to get those last 5. And yet nearly every Laker fan will have a different answer than LeBron after he retires as to who their favorite all time Laker is

Top 2 over the past 20 years (since 2003) except for four years where he was still in top 5.

Exactly, he should've had far more #1's for how good he was. The question is whether LeBron cards should be valued among the most expensive ever. He just isn't popular enough for it.

[jcardstore]

And in his non-Laker years only at the top 4 out of 15 seasons. He needed to ride the back of Lakers' popularity as a team to get those last 5. And yet nearly every Laker fan will have a different answer than LeBron after he retires as to who their favorite all time Laker is



Exactly, he should've had far more #1's for how good he was. The question is whether LeBron cards should be valued among the most expensive ever. He just isn't popular enough for it.

ANOTHA ONE :cry:

You hear that guys? LeBron isn’t popular enough to have his cards valued among the most expensive ever :cry: sell now!!!

[BBases31]

ANOTHA ONE :cry:

You hear that guys? LeBron isn’t popular enough to have his cards valued among the most expensive ever :cry: sell now!!!

90% drop. Not the best backdrop for defending LeBron prices :)

[jcardstore]

90% drop

Lebrons popularity dropped 90%?

[JeremyNick]

The people who entered the hobby during bubble and didn't know any better. They thought prices of cards would only go up. They were convinced by influencers and fly-by-night businesses that trading cards were the new, hot alternative investment.

No. Plenty of old heads were crowing constantly about all the negative “bubble bois”. Plenty of investors were scolding us about how we don’t understand about all the big investors dumping their glorious fortunes into these perfect alternative investments.

And now they are talking about how everyone and their mom could see it was manipulated, hype and artificially inflated.

[BBases31]

Lebrons popularity dropped 90%?

Prices bro

[jcardstore]

Prices bro

Which prices?

[pcptrade]

And in his non-Laker years only at the top 4 out of 15 seasons. He needed to ride the back of Lakers' popularity as a team to get those last 5. And yet nearly every Laker fan will have a different answer than LeBron after he retires as to who their favorite all time Laker is


Exactly, he should've had far more #1's for how good he was. The question is whether LeBron cards should be valued among the most expensive ever. He just isn't popular enough for it.

Kobe, a Laker was #1 only six times in his entire career. So by your logic, he is not popular and his card prices should not be valued among the most expensive ever? Looking at your signature, what has Purdy achieved to justify his current card prices (other than speculation)?

[Brobocop]

I don’t think BBases is saying anything controversial. I think all these players have experienced massive drops in prices because the run up was crazy to start with and people seem to only want to invest in the next LeBron and gamble rather than buy the sure thing like LeBron.

[Nomad]

Also its highly boring to invest in just LeBron or Jordan. After a while anyone wants to sell. The real fun of cards is in the prospects and too many people picked the wrong prospects at a super high price. Oh well.

[imbluestreak23]

Jesus people.

Kobe was with one team. How many damn jerseys did fans need to buy?

How many teams has KANG been on?

Thus, how many jerseys did his stans need to buy all the years to rock the latest KANG swag?

Dont' overthink fellas

https://pyxis.nymag.com/v1/imgs/d6a/dc7/4a5001b7beea096457f480c8808572428b-09-roll-safe.rsquare.w400.jpg

[BBases31]

Kobe, a Laker was #1 only six times in his entire career. So by your logic, he is not popular and his card prices should not be valued among the most expensive ever?

Kobe wasn't nearly as good as LeBron. Not even close. Kobe being #1 six times proves how popular he was relative to how good he was, as does LeBron's number of #1's proves that he wasn't as popular as he should've been. I think people got carried away with how good LeBron was in the middle of a bubble. It's easy to say buy the best player of our generation while forgetting that his popularity doesn't match his greatness. And there's no way for his popularity to catch up to his greatness from here on out

Looking at your signature, what has Purdy achieved to justify his current card prices (other than speculation)?

No reason to get into Purdy in the basketball section.

[jcardstore]

Well since MJ cards have dropped 90% and hasn’t had a top selling jersey in at least 20 years I guess he’s not popular anymore. Nothing to justify buying his cards.

[pcptrade]

Lebron has been with Lakers only since 2018-19 and his is the #1 selling jersey for the past 5 years (since 2018-19). How many jerseys do his stans need?

[BBases31]

Well since MJ cards have dropped 90% and hasn’t had a top selling jersey in at least 20 years I guess he’s not popular anymore. Nothing to justify buying his cards.

Show me a big MJ card that has dropped 90%. Lebron's stuff dropped more than Jordan. Imagine having 19000 posts and thinking otherwise :cry:

[pcptrade]

Well since MJ cards have dropped 90% and hasn’t had a top selling jersey in at least 20 years I guess he’s not popular anymore. Nothing to justify buying his cards.

I am going to look at jersey sales before buying cards going forward. Wait...Brady was the top selling jersey of all time in NFL and his Champ Ticket has dropped 90% from the peak. That does not make sense.

[BBases31]

I am going to look at jersey sales before buying cards going forward. Wait...Brady was the top selling jersey in NFL and his Champ Ticket has dropped 90% from the peak. That does not make sense.

You are far smarter than interpreting what I saying as jersey sales as an absolutely proxy to value and also applying that to a different sport

[jcardstore]

Show me a big MJ card that has dropped 90%. Lebron's stuff dropped more than Jordan. Imagine having 19000 posts and thinking otherwise :cry:

Oh gosh so sorry, you’re right they’ve only dropped in the mid 80% instead of 90% :cry:

It’s almost like the whole market dropped that amount. Or maybe the last 3 years were just a dream idk

Bbases sure is an expert for only getting into cards 3 months ago. :coffee:

[jcardstore]

I am going to look at jersey sales before buying cards going forward. Wait...Brady was the top selling jersey of all time in NFL and his Champ Ticket has dropped 90% from the peak. That does not make sense.

Brady just isn’t popular enough, obviously.

[pcptrade]

Brady just isn’t popular enough, obviously.

Why would he be? Purdy and his cards are the hot topic in football section right now :p:D

[mc1]

Show me a big MJ card that has dropped 90%. Lebron's stuff dropped more than Jordan. Imagine having 19000 posts and thinking otherwise :cry:

86-87 Fleer PSA 9

Peaked close to 100k. Selling for 15k right now

Oh, my bad. Thats only an 80-85 % drop.

[GOATcards]

86-87 Fleer PSA 9

Peaked close to 100k. Selling for 15k right now

Oh, my bad. Thats only an 80-85 % drop.

1 or 2 copies sold at around $90K, so it's like an 83% drop for those buyers

[BBases31]

1 or 2 copies sold at around $90K, so it's like an 83% drop for those buyers

Yea, what the hell is the reason to be accurate with numbers anyway? Let's just throw out wrong percentages that amount of thousands of dollars

[GOATcards]

Yea, what the hell is the reason to be accurate with numbers anyway? Let's just throw out wrong percentages that amount of thousands of dollars

huh? what's your point

[jcardstore]

huh? what's your point

He doesn’t have one. He’s arguing down to the decimal point so he can be “right” because nobody loves him and he desperately needs the attention he gets on here

[pcptrade]

1 or 2 copies sold at around $90K, so it's like an 83% drop for those buyers

Pandemic peak prices were only few sales (<1-2% of the pop) for vast majority of high end cards. Very few MJ 86F PSA 10's sold above 700K. Same is true for many other high end cards but we like to use those peak sales as reference point to make it dramatic. Perhaps we should use the median price since the data is skewed :D

[BBases31]

huh? what's your point

That the other guy was equating wrong numbers and you were correcting him :)

[BBases31]

Alot of people rattled that I said LeBron was an obvious bad investment

[JeremyNick]

Are we really trying to justify now by skewing the numbers?

This is hilarious.

[mc1]

1 or 2 copies sold at around $90K, so it's like an 83% drop for those buyers

Same as it was for other peak prices of big cards. :)!

[pcptrade]

Alot of people rattled that I said LeBron was an obvious bad investment

If you had bought MJ, Kobe, Lebron and Curry's sought after cards before 2019, you are still up on them. It all depends on when you bought them. They were all good as investments if you had purchased them before 2019. They are all bad investments if you had purchased them in the past two years. It is no different from what happened to the majority of sports cards with a few exceptions.

[BBases31]

If you had bought MJ, Kobe, Lebron and Curry's sought after cards before 2019, you are still up on them. It all depends on when you bought them.

Of course. If you bought Ruth in 1936 or Mantle in 85 you're still up too. I should rephrase that to LeBron as being a bad relative investment at any point post 2019, that he went too high relative to everyone else and that anyone should've sold his stuff if they were in it as an investment

[GOATcards]

He doesn’t have one. He’s arguing down to the decimal point so he can be “right” because nobody loves him and he desperately needs the attention he gets on here

sounds like there's history here lol

[GOATcards]

Of course. If you bought Ruth in 1936 or Mantle in 85 you're still up too. I should rephrase that to LeBron as being a bad relative investment at any point post 2019, that he went too high relative to everyone else and that anyone should've sold his stuff if they were in it as an investment

'21 was both the pandemic peak and the peak of Bron hype after his 4th ring and it looked like they were on another title run before injuries to him and AD

properly adjusting for all the cross-signals (namely the pandemic bubble market-wide), I don't see how Bron is a bad investment relative to the rest of the field. You're suggesting markets ain't efficient. He's probably not as hyped now as he was in spring of '21 because it doesn't look like he's sniffing any more championships. Is his current hype about "right" relative to his historical status? How does one tell?

If it's that the likes of Tim Duncan might catch up with him in historical status long-term, I could see that as a case for Duncan being under-hyped currently. (There's both advanced-metrics (namely DPM history) and playoff achievements - ring counts where Duncan & Bron were their team's alpha - that arguably put Duncan at Bron's level.)

[jcardstore]

sounds like there's history here lol

Just go read his posts in the Purdy thread. Classic attention seeking / narcissistic behavior. A masterclass, in fact

[BBases31]

]You're suggesting markets ain't efficient

Of course card markets aren't lol.

He's probably not as hyped now as he was in spring of '21 because it doesn't look like he's sniffing any more championships.

He wasn't sniffing any more championships from back then either based on where the Lakers were priced to win it and knowing they would only get older going forward with worse odds.

Is his current hype about "right" relative to his historical status? How does one tell?

It's obviously a somewhat qualitative judgement since every player doesn't have uniform cards. If everyone had an 86 Fleer to compare to with the same print run of future cards we could do that.

[colbycolbycolby]

Prices bro

That Lebron Kaboom I linked is an ATH... in a very down market. That's not a 10. That's a BGS 9. The plebs inflated the base and the new money inflated the top shelf during COVID. The collectors on this forum prolly new better than most and hopefully stacked the SSP. Limited, tangible, shiny artwork of the fastest growing global sport's GOAT is only going up.

[hobbytime]

https://i.imgur.com/cZ3pJPh.jpg

Another one.

[hobbytime]

The fact people were paying prices for HOMES for sports cards makes you wonder what some were thinking during the pandemic pump.

[pcptrade]

The greatest trick the influencers and auction houses ever pulled during COVID time was convincing the newbies that sports cards were great investments.

[BBases31]

The greatest trick the influencers and auction houses ever pulled during COVID time was convincing the newbies that sports cards were great investments.

They are, you just have to buy the right players. The problem is that entire general public thinks they get sports and 99% of them really don't get it at the level you need to.

[jcardstore]

The fact people were paying prices for HOMES for sports cards makes you wonder what some were thinking during the pandemic pump.

Free credit baby! I mean it’s all just magic money anyways.

How many people pulled equity against their real house to buy cards?

[jcardstore]

They are, you just have to buy the right players. The problem is that entire general public thinks they get sports and 99% of them really don't get it at the level you need to.

Well since you are part of the elite 1% that “gets” sports. Tell us who’s the best active player to buy in the NBA right now.

[JeremyNick]

The greatest trick the influencers and auction houses ever pulled during COVID time was convincing the newbies that sports cards were great investments.

I wonder where they would have gotten that idea from....

Bullish for sports cards market, especially Mahomes! Lots of rich people entering the hobby as alternate investment. A trend that I noticed more than a year ago.

To be honest, I entered sports cards market in May 2018 as an alternate investment and I also enjoy collecting my favorite players. When I started collecting/investing, my plan was to hold on to the cards long term thinking that they will appreciate 2X over 5-10 years but I was shocked to see the cards go up 5-10X within a year:)

Look at the gross profit instead of ROI (% percentage appreciation). For example, Lebron's 2003 TC Gold Refractor was $500 in 2003 and it was $40K in 2019, which is 39.5K profit in 16 years (80X returns). I purchased mine for $40K in May 2019 and its current value is 320K, which is 280K profit in 1 year but only 7X returns. Same with Jordan 1997 PMG Red. I purchased mine for 60K in March this year and its current value is 230K, which is 170K profit in 6 months but only ~4X returns. I started collecting sports cards only in 2018 but those two cards alone have given me a gross profit of 500K in one year but I am not selling them because I see more upside in both. Sometimes, it is better to look at gross profit than ROI especially on rare and sought after cards. Mahomes NT RPA might look expensive at 50-60K but it has the potential to be 250-500K card in the future, which is 200-400K profit from current price level.

Well said. I am invested in Lebron, Jordan, Trout and Brady as well but you are not going to see 10-20X returns with their cards at current prices. They are more like blue chip stocks like JNJ, PG etc, i.e., low risk, low reward. On the contrary, Mahomes cards are high risk high reward scenario. I bought his contenders rookie ticket for $1700 in Feb and it is worth $10K today, which is 5X return in 6 months. Same with championship ticket, flawless RPA and others. I am not going to see similar returns with LBJ, MJ, Brady and Trout at current prices. If you bought his cards in 2018 and early 2019, sell some and ride others at reduced cost or free of cost. I am am doing the same.

This is and was the nonsense I posted about.

[tjforce]

Was just looking through some old COMC sales:

LeBron James 2016 Mosaic: Sold 8/8/2020 for $190. Bought for $12.43
Tom Brady 2016 Optic Holo: Sold 3 between 4/8-4/23 for an average $172. Bought for a combined $3.58.

What a time to be alive.

[pcptrade]

I wonder where they would have gotten that idea from...

This is and was the nonsense I posted about.

Yes, they were good investments before 2019. I made decent money on Ohtani, Lebron, Mahomes cards. Maybe you should quote more?

My posts from April -May 2021-

I could be wrong in my thinking that we are due for a correction but I am positioning myself as if we are going to see a correction in the next few years by selling most of my low end cards. I sold about 100 cards recently and planning to sell another 100-150 cards by the end of this year, which constitutes approximately 70% of the cards in my PC.

Too many people looking for quick gains entered the crypto and sports cards market and got burnt. The days of 10X-100X gains in Crypto and sports cards are over imo, at least for the next 5 years. If you are investing in crypto or sports cards now, your time frame should be at least 5 years and not expect 10X-100X gains. I wish you good luck:)

The current correction is not over yet imo and it could last until 2022. I have said this before that we might be entering a plateau phase in sports cards during the next 5 years after the current correction is over. Stock market is also due for a correction which might last few years. I am bullish long term but not optimistic for the next 5 years. I have been selling my low to mid end baseball and basketball since February. I have sold 200 cards over the past 3 months and have another 125 cards scheduled for June and July, all of them are low to mid end. I will be selling my Brady multiples and Mahomes low to mid end in Sep. I am cost neutral as of this month but will be unwinding more in the next few months to have free cash on the sidelines and hold on to ~100 rare/scarce high end cards at free of cost for long term.

[JeremyNick]

Yes, they were good investments before 2019. I made decent money on Ohtani, Lebron, Mahomes cards. Maybe you should quote more?

I don’t need to argue this one out. Anyone who can read can come up with their own conclusion.

[pcptrade]

I don’t need to argue this one out. Anyone who can read can come up with their own conclusion.

You quoted my posts from 2020, where I said that Lebron TC Gold Refractor, Jordan PMG Red and Mahomes NT RPA have possibly more upside based on the trends. Their prices did go up during the next 12-18 months. I was also telling others in 2020 to sell some Mahomes cards for profit and ride the rest for free of cost. Then in April-May 2021 (which you failed to quote), I mentioned that sports cards are due for a correction and the prices did drop after that. So what am I missing here other than you selectively quoting some of my posts to fit your narrative?

I see that you joined in Jun 2019 and if you didn't know, sports cards were being advertised as alternative investments by PWCC and others before 2018, which is one of the reasons I entered sports cards in 2018. Also, I did buy Brady Champ Ticket during the COVID time and am down 80% on it. So my quote is true to a certain extent:)!

The greatest trick the influencers and auction houses ever pulled during COVID time was convincing the newbies that sports cards were great investments.

[gomiamigo]

PCP, you did eventually change your mind - which is of course fine! - but saying those cards were like blue-chip stocks was, and is, laughable. They rely on greater-fool theory, unlike Microsoft and Apple which grow earnings and pay dividends every year [as well as repurchase many shares.]

I do enjoy your posts but you were happy to inflate the bubble, which is your right, while those of us who'd been in the market for a long time were telling everyone it was a bubble and they needed to watch out.

but those two cards alone have given me a gross profit of 500K in one year but I am not selling them because I see more upside in both

Looks like that TC Gold has fallen 50% from your post according to CL. I'm sure you still have a nice profit in it.

[pcptrade]

PCP, you did eventually change your mind - which is of course fine! - but saying those cards were like blue-chip stocks was, and is, laughable.

I do enjoy your posts but you were happy to inflate the bubble, which is your right, while those of us who'd been in the market for a long time were telling everyone it was a bubble and they needed to watch out.

Looks like that TC Gold has fallen 50% from your post according to CL. I'm sure you still have a nice profit in it.

I sold the TC Gold Refractor almost two years ago. I bought it for ~40K in May 2019. One sold recently for $157K, so it is still up despite the market crash. JNJ was $138 and PG was $106 in May 2019 and they are at $158 and $148 now. So some Jordan, Lebron, Brady, Mahomes and Ohtani cards, if purchased in 2018-19 would have given better ROI than blue chip stocks like JNJ and PG :D:p

[BBases31]

Well since you are part of the elite 1% that “gets” sports. Tell us who’s the best active player to buy in the NBA right now.

NBA, don't have the confidence to say for a current player. NFL I already told you two months ago, and I couldn't have been more right :)

[yiguiri2002]

Was just looking through some old COMC sales:

LeBron James 2016 Mosaic: Sold 8/8/2020 for $190. Bought for $12.43
Tom Brady 2016 Optic Holo: Sold 3 between 4/8-4/23 for an average $172. Bought for a combined $3.58.

What a time to be alive.

2019 to 2020 COMC sales were my glory days. I remember pricing cards for what I thought was ridiculous prices and then seeing them gone within a minute.

[fabiani12333]

No. Plenty of old heads were crowing constantly about all the negative “bubble bois”. Plenty of investors were scolding us about how we don’t understand about all the big investors dumping their glorious fortunes into these perfect alternative investments.

And now they are talking about how everyone and their mom could see it was manipulated, hype and artificially inflated.

Because they were in on the pump. It was a once-in-a-lifetime bull market. It was an asset price bubble born of easy money. The pumpers didn't want any negative Nancy's presenting a counter narrative.

[thenwhatjk]

I wonder where they would have gotten that idea from....









This is and was the nonsense I posted about.

Ha well played

[imbluestreak23]

I think of 2020 as mana falling from the heavens. It was incredible

[Nomad]

NBA, don't have the confidence to say for a current player. NFL I already told you two months ago, and I couldn't have been more right :)

I can tell you this tip and its not just Nesmith. There are some fourth-year players who will continuously be misnamed by announcers on telecasts (most recent, TNT announcer who called him Mathurin on a nifty momentum shifting lay-up in Play-in Semis against Boston before the half, but also look at the 76ers crew last time through Philly).

If said announcer has figured out his name by the second half of game, or the next time the team plays, invest hard.

[Scottish Punk]

https://i.imgur.com/cZ3pJPh.jpg

Another one.

Wait, somebody spent half a million on a Ja Morant card?

Wait, somebody is still spending $56k on Ja Morant card?

[Nomad]

I would invest in Ja over Zion... unless you know something I don't.

[KhalDrogo]

Wait, somebody is still spending $56k on Ja Morant card?
I thought the same thing when I saw that sale. Cannot believe that card sold for half a million previously.

[boxbuster7]

The fact people were paying prices for HOMES for sports cards makes you wonder what some were thinking during the pandemic pump.

For "event worn" RPAs - so basically 500k for a ja morant autograph

[r338]

The greatest trick the influencers and auction houses ever pulled during COVID time was convincing the newbies that sports cards were great investments.

Your posts are always well written and well thought out but the theme 90% of the time is ROI. Sounds like you did well on all your timely purchases and you were able to cash out before cards crashed, so congratulation to you for having great foresight.

[fabiani12333]

Your posts are always well written and well thought out but the theme 90% of the time is ROI. Sounds like you did well on all your timely purchases and you were able to cash out before cards crashed, so congratulation to you for having great foresight.

As someone who is a collector and who bought cards in the years leading up to the 2020 bubble, I knew it was the best time to sell -- it didn't take keen insight or intelligence.

I also knew prices would drop once the fever was over -- there was no way prices were sustainable.

The people who got screwed are the ones who had no reference points to judge how stupid high card prices were and how inflated the market was. They thought trading cards were suddenly discovered as investments overnight -- it had been a hidden secret for all those years. All the market needed was influencers to inform the ignorant masses about the great opportunity to make easy money from trading cards.

[jcardstore]

As someone who is a collector and who bought cards in the years leading up to the 2020 bubble, I knew it was the best time to sell -- it didn't take keen insight or intelligence.

I also knew prices would drop once the fever was over -- there was no way prices were sustainable.

The people who got screwed are the ones who had no reference points to judge how stupid high card prices were and how inflated the market was. They thought trading cards were suddenly discovered as investments overnight -- it had been a hidden secret for all those years. All the market needed was influencers to inform the ignorant masses about the great opportunity to make easy money from trading cards.

I think all the true hobbyists understood this.

I sold pretty much everything I had during 2020-21. Made insane amounts of money (for me which is pennies for others). It was a wild time.

I made thousands of dollars off KPJ cards lol

what a time to be alive

[r338]

As someone who is a collector and who bought cards in the years leading up to the 2020 bubble, I knew it was the best time to sell -- it didn't take keen insight or intelligence.

I also knew prices would drop once the fever was over -- there was no way prices were sustainable.

The people who got screwed are the ones who had no reference points to judge how stupid high card prices were and how inflated the market was. They thought trading cards were suddenly discovered as investments overnight -- it had been a hidden secret for all those years. All the market needed was influencers to inform the ignorant masses about the great opportunity to make easy money from trading cards.

Did you sell your entire collection after the fever was over? Someone with that kind of foresight would have sold a bulk of the collection in 2021 and then buy it all back for a fraction in 2024.

[Kobefan]

For "event worn" RPAs - so basically 500k for a ja morant autograph

Isn't the Lebron Exquisite rpa also event worn?

I thought the same thing when I saw that sale. Cannot believe that card sold for half a million previously.

Those who purchased that kind of cards at that price range are most likely wealthy folks who claimed to have interest in the hobby, but are instead looking to diversify their assets. Since they are liquidating them now, any sort of love for the hobby seems to be superficial.

[tjforce]

Isn't the Lebron Exquisite rpa also event worn?



Yes.


And wait til the people that have yet to learn that it's event worn also realize that the card is just made of cardboard!

[pcptrade]

Your posts are always well written and well thought out but the theme 90% of the time is ROI. Sounds like you did well on all your timely purchases and you were able to cash out before cards crashed, so congratulation to you for having great foresight.

I have always said that I am mainly an investor in sports cards. I entered sports cards in 2018 when I was doing research on alternative investments and many articles (google search) mentioned sports cards as one of them. Prior to entering sports cards, I was collecting/investing in rare books, comic books, manuscripts etc., I still have them because 1. I am mainly a collector of those items, 2. I did not spend a lot on most of those and 3. They did not experience a parabolic rise in prices like sports cards, crypto and NFT's. It is hard for me to justify dropping six to seven figures in collectibles and and not worry about ROI. Having said that, there are few cards in my collection that I purchased recently, such as Bradman 1928 Ogden and Bird Magic 1980 Topps Buyback Auto/10, where I do not care about ROI. I am mainly a collector when it comes to those cards. Even though I cashed out on majority of my collection, I did make some bad decisions such as reinvesting profits in others cards such as Marvel PMG's, Brady Champ Ticket and few others during the pandemic pump. You win some, you lose some.

[jcardstore]

Do people really care about event worn / game worn?

If you're spending 5-6 figures on a card why the hell would you care if the little swatch was a game worn jersey? If you want a game worn jersey you can buy multiple for that price

[Nomad]

So wait, cards are just a more complex and interesting form of currency? They are by their nature contrived? As is a uniform? Didn't need no stinkin uniform for the original olympics.

[jcardstore]

So wait, cards are just a more complex and interesting form of currency? They are by their nature contrived? As is a uniform? Didn't need no stinkin uniform for the original olympics.

absolutely not

[Nomad]

then game used matters? confused.

[tjforce]

Do people really care about event worn / game worn?

If you're spending 5-6 figures on a card why the hell would you care if the little swatch was a game worn jersey? If you want a game worn jersey you can buy multiple for that price

Yeah, that was my point.

The things that make an event worn card important are the same things that make plain old piece of cardboard important.

People don't pay top dollar for RPA's because it's the most economical way to get a piece of game worn material, they pay for the significance of the card/brand.

[elontusk1119]

truthfully, have you met or even aware of anyone who actually retire BECAUSE of money from cards?!

I am going to wait

[boxbuster7]

Yeah, that was my point.

The things that make an event worn card important are the same things that make plain old piece of cardboard important.

People don't pay top dollar for RPA's because it's the most economical way to get a piece of game worn material, they pay for the significance of the card/brand.

If RPAs were game worn their values would be more rational.

[yiguiri2002]

truthfully, have you met or even aware of anyone who actually retire BECAUSE of money from cards?!

I am going to wait

- There's a thread here about a teacher who was a Giannis collector that sold his collection and was able to use that money to buy his house and have some leftover money. I think that's the closest I've heard.

- If I had moved most of my stuff during the early stages of the pandemic (and not buy any more cards), I could have moved back home and retire. And that's with a relatively small collection compared to many here.

I don't think a lot of people retired out of cards but I think there are a few examples of people whose lives changed dramatically because of them.

[imbluestreak23]

I would only collect GU cards. Non GU make zero sense.

It's also why I don't own a single RPA nor have a desire to. Most overhyped cards in existence aside from Kabooms/Downtowns/Color Blast BS

[1980bust]

truthfully, have you met or even aware of anyone who actually retire BECAUSE of money from cards?!

I am going to wait

Maybe that dude who sold the Magic card to Post Malone? But even that might not have been retirement money.

[Nomad]

Your posts are always well written and well thought out but the theme 90% of the time is "I got in at the wrong time," when half of BO readers actually made out like bandits, retired, and are not posting.

[drobfan8]

I have always said that I am mainly an investor in sports cards. I entered sports cards in 2018 when I was doing research on alternative investments and many articles (google search) mentioned sports cards as one of them. Prior to entering sports cards, I was collecting/investing in rare books, comic books, manuscripts etc., I still have them because 1. I am mainly a collector of those items, 2. I did not spend a lot on most of those and 3. They did not experience a parabolic rise in prices like sports cards, crypto and NFT's. It is hard for me to justify dropping six to seven figures in collectibles and and not worry about ROI. Having said that, there are few cards in my collection that I purchased recently, such as Bradman 1928 Ogden and Bird Magic 1980 Topps Buyback Auto/10, where I do not care about ROI. I am mainly a collector when it comes to those cards. Even though I cashed out on majority of my collection, I did make some bad decisions such as reinvesting profits in others cards such as Marvel PMG's, Brady Champ Ticket and few others during the pandemic pump. You win some, you lose some.

Wow, you have that Bradman card? Got a pic? Are you a cricket fan?

I just bought a Steve Smith Auto and was over the moon. :p

Do people really care about event worn / game worn?

If you're spending 5-6 figures on a card why the hell would you care if the little swatch was a game worn jersey? If you want a game worn jersey you can buy multiple for that price

This was one thing that baffled me when I started buying Autos and Patches. GU jerseys were cheaper than a lot of Patch cards. It didn't make any sense.

I guess people just prefer the card.

truthfully, have you met or even aware of anyone who actually retire BECAUSE of money from cards?!

I am going to wait

I would say there are multiple people who's collections have gone up so much that they could retire. Probably the higher end collectors pre-covid.

The27guy
Nat Turner
Exquisite collector

Let's forget what they had previously. The cards they own have gone up hugely.

[pcptrade]

Wow, you have that Bradman card? Got a pic? Are you a cricket fan?

I just bought a Steve Smith Auto and was over the moon. :p


Cricket is the major sport in the country I grew up. I used to play for my college team. I am big fan of Viv Richards, Tendulkar, Lara, Warne, Waugh brothers, Wasim Akram. Congrats to Australia on the recent world cup win:)!

Here is my Bradman-

https://live.staticflickr.com/65535/52907970669_80fdd7b763_z.jpg (https://flic.kr/p/2oBiboR)Bradman 1928 Ogden's Australian Test Cricketers (https://flic.kr/p/2oBiboR) by icollector23 (https://www.flickr.com/photos/144335251@N08/), on Flickr

[pcptrade]

I think all the true hobbyists understood this.

I sold pretty much everything I had during 2020-21. Made insane amounts of money (for me which is pennies for others). It was a wild time.

I made thousands of dollars off KPJ cards lol

what a time to be alive

I entered sports cards in 2018 after reading many articles, which mentioned that they were good alternative investments. I am glad someone took the time to find my posts from 2020 in the previous page. If you look at those posts from early 2020, I said the prices will go up more, which they did in the next 12-18 months. I was telling others in the Mahomes thread to take profits on some and ride the rest at free of cost. And if you look my posts from Apr-May 2021 in the previous page, I said we were due for a correction and the prices did drop after that. I think I gave better financial advice than most stock market analysts and that too for free of cost. JK:D

Anyways, I sold most of my high end cards (Lebron-TC Gold Ref BGS 9.5, Exquisite RPA/99, Ultimate Auto/250 PSA 10, Jordan-PMG Red BGS 8, 86F BGS 9.5, Jambalaya BGS 9.5, Mahomes-Gold Vinyl PSA 10, NT RPA, Prizm parallels, Ohtani-Two Superfractors and multiple Red and Orange refractors) for nice gains. The euphoria was great while it lasted. My only regret is reinvesting some of those profits into Brady Champ Ticket. Even though it is free of cost, it does hurt a little when I look at the opportunity cost. In spite of that, I was able to cut down and go part time in my mid-40's. Thanks to sports cards and stocks, I work only three days a week now. There were a few in the Mahomes thread who paid off their home mortgage using profits from Mahomes cards.

[elontusk1119]

I would say there are multiple people who's collections have gone up so much that they could retire. Probably the higher end collectors pre-covid.

The27guy
Nat Turner
Exquisite collector

Let's forget what they had previously. The cards they own have gone up hugely.

You saying Nat Turner now can finally retire if he just sell his PC?!