Quote:
Originally Posted by sebreg
It'll be interesting to see how things play out. The question is how much of the new money will stick around and keep collecting when/if nasty correction drops a hammer blow? I have no clue so I don't make a guess either way.
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Exactly. Anyone’s guess really. But all I’m saying is to look at the alternative to buying say a PSA 10 19-20 LeBron Prizm base card. Say you get extremely lucky and pull it out of a single mega box that costs you now $500. You have the grading fees—say $15 and you hope it’s a 10. So assuming ALL goes right, if you don’t want to buy a PSA 10 and want to try to pull one—you get lucky on all fronts...you’ve still got a crap ton of $ in that card. All of a sudden, $150+ to get one in 3 days doesn’t sound all that bad to a LeBron collector.
Realistically, my guess is that it would take a minimum of 4-5 mega’s to pull one—then given the low quality of these Prizms, maybe 5-10+ megas to pull a 10. Now you’d get other stuff too with that much product, but the point is, people don’t have many other options. They can’t just go drop $5,000+ on wax to pull one. Now you’re pinned in to paying secondary market prices for “picked over” raw and you’re looking at an adventure to find a 10 that way. The easiest thing to do is cringe, pay up for the 10 and try to sell something else to close that gap down.
Main point here is this. As long as PSA 10 LeBron base cards are at $100-200 or more each—other players will be in that range too—KEEPING the price of wax high—KEEPING the prices of singles up across the board. They feed each other.