Topps Project 2020 is the worst product since 1991 Fleer

[Snakeonia]

Originally Posted by GeechQuest

Smash the triangle on me....

But yes, if you bought the Ichiro Baller for $4K+, you're dumb.

I don't think anybody in this thread did, so we're good!

Checks notes. Nope not me


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[BraveAtlanta]

oh my Salma

[GeechQuest]

Originally Posted by MCyganik

I think there’s some truth to this, although not to the level you’ve been happy to neg all over this thread for awhile.

People are still buying in droves so the demand is there. But yeah the last couple days the desire to sell quickly has now overwhelmed the price point. It’s good to see people still clearly lapping up the prices though. It’s just hard when hundreds of the same card are being offered at a time.

What will be interesting is when the lower PR offerings dry up. That’s when I have a feeling a few people are going to attempt to set the market for some sky high prices.

Explain Droves?

There were 29 sales of the Ichiro Baller above $4K (including APs)

Assuming that those were all single individuals, that's not even the size of a Pre-K classroom.

I'd bet the lower PR never dry up, because the majority of people who bought in (either MSRP or after) were buying to flip it for profits.

We ain't headed to the moon, but we may be able to hit up Hertz and rent a sweet mini-van for a trip to the next town over for a weekend stay at a Motel 6.

[BAHoopla]

Originally Posted by GeechQuest

Right.

When no idiots were buying at an irrational level, it allowed the supreme idiot to jump in and buy the Ichiro Baller/Ermsy Trout at a higher level than the next.

When all the sharks saw the marks were spending 4 figures on a print to order card, they started leaking supply.

The idiots then realized they wanted no part anymore.

Next comes the eBay returns and a new P2020 thread for return requests. You hate to see it.

Hmmm. People get caught up in frenzies all the time it doesn’t make them dumb, especially in current financial conditions as people are desperate to make a dollar or two however they can and they fear missing the boat. It is exactly what real companies do when markets are high and they dilute with an offering. Patience is always the key to success and with patience you are able to identify true value or at least a value you have comfort with. Did this get ahead of itself? Of course it did but does that mean these initial cards will have no value or no future value in terms of return of course it doesn’t. That fact that these cards are print to demand has no bearing on the values of cards already printed. The value sill come from those who wish to buy it in the future. There would be no other way to introduce a product of this nature

[SaveMeTheGum]

Originally Posted by MCyganik

So looking back, what would people say was the official cause of the downward trend? Memorial Day seemed to be the peak, but prices were already slowing down and getting stagnant Tuesday before the Shore Griffey PR came out.

Casual buyers (aka not on this forum) came back from Memorial Day weekend vacations and saw their cards had skyrocketed and then immediately started selling? Which started a chain of bigger and bigger sellers dumping stock in a race toward the bottom?

[BC Hunt]

Originally Posted by MCyganik

What will be interesting is when the lower PR offerings dry up. That’s when I have a feeling a few people are going to attempt to set the market for some sky high prices.

[mcwildcats]

Originally Posted by ThoseBackPages

soxfanguy

Oh my

[BigRhino]

another deadbeat cook group flipper to block:
mator1053

[Snakeonia]

Wasn’t today theorized as a national pay day and prop up the market? Lol that looks like a reach atm


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[TheWrightStuff]

Originally Posted by silverandblack

How much do you guys think a damaged box hurts the value of the cards? I got a Thiele Trout in from eBay today and the corner of the box is sliced off. The pic in the listing shows a regular box with no damage.

ISnt there someone selling the empty boxes here on BO for $2 each? I bought a card without the box. Im not sure what the big deal is on the box, its not even a box, its a thin cardboard envelope. Switch out the bad box for one from a cheaper card from a recent release. They are all the same.

[paperzach]

The group shots of the artist/player/400 sets are going to be amazing.

I can easily imagine that very few of the remaining cards will be easy to resell over $20, though at ~$15/per for 10, there's profit to be had. But if you own a card shop or get tables at card shows, they will make for a KILLER display case and will keep people in your store as they admire them.

[ZiggySQ]

A lot of People got caught up in the hype and were/are not thinking rationally. Boredlawyer tried to tell people this and he was flamed.


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[ZiggySQ]

Originally Posted by silverandblack

How much do you guys think a damaged box hurts the value of the cards? I got a Thiele Trout in from eBay today and the corner of the box is sliced off. The pic in the listing shows a regular box with no damage.

I have an extra box I can send you for the price of on the house, if you want it pm me.


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[pryantexas]

Originally Posted by pryantexas

Had some auctions end last night.

I'm a big fan of this product as I can continue to buy the cards for the reason I intended - they look cool. I'll buy the ones I like and pass on the rest.

Now of course my Project2020 collection has a few holes in it, but i'll take the cash and buy other cards that I think have better long term value and meaning to my non Project2020 collection

My Topps Project 2020 Sales to Date
Ichiro Baller: $4050
Trout Ermsy: $2400
Griffey Saladeen: $950
Brett Stiff: $909
Williams JK5: $820
Williams Fucci: $811
Henderson Vides: $810
Clemente Cartoon: $810
Gibson Grotesk: $710

Total sales: $12,270
Est. Net After Fees: $11,043

Cost: $162
(First dollar invested 3/25/20)


Net Profit: $10,0881

Based on what has transpired today, safe to say there will be some winning bidders who dont pay.

FML

[Archangel1775]

Originally Posted by GeechQuest

Explain Droves?


We ain't headed to the moon, but we may be able to hit up Hertz and rent a sweet mini-van for a trip to the next town over for a weekend stay at a Motel 6.

Nah, at the least I have a party bus and trip to Vegas

[GeechQuest]

Originally Posted by BAHoopla

Hmmm. People get caught up in frenzies all the time it doesn’t make them dumb, especially in current financial conditions as people are desperate to make a dollar or two however they can and they fear missing the boat. It is exactly what real companies do when markets are high and they dilute with an offering. Patience is always the key to success and with patience you are able to identify true value or at least a value you have comfort with. Did this get ahead of itself? Of course it did but does that mean these initial cards will have no value or no future value in terms of return of course it doesn’t. That fact that these cards are print to demand has no bearing on the values of cards already printed. The value sill come from those who wish to buy it in the future. There would be no other way to introduce a product of this nature

I've said all along that the early cards will have value above MSRP. Where that ends up is completely unknown to me?

I've also said you'll be able to buy an entire set for under the MSRP from Topps down the road, because the vast majority of cards will have a negative equity attached to them.

This is tried and true. The supply of some of the later cards will be so great the ONLY way you'll be able to sell them is to add them to the more in demand cards in set form, be that Player Sets, Complete 400 Sets, Artist Sets.

I was laughed at and called negative when I said the I'd be able to buy THE ENTIRE Ichiro set for under $4K within 2 years. The BB Ichiro was $4.5K at the time. It's likely going to be under $4K for the set by the end of this year, because the cards that have value will continue to dip and then I can just buy the later releases at MSRP.

This concept of print on demand is not new. The set may be new, but the concept isn't.

The early birds fed demand early, Topps is feeding demand now.

[mudflap02]

Originally Posted by ZiggySQ

A lot of People got caught up in the hype and were/are not thinking rationally. Boredlawyer tried to tell people this and he was flamed.


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It's not what he said, it's how he was saying it.

Contrary opinions are fine. Believe it or not, it's possible to disagree without being an #@#@#@#@#@#@#@.

[rj.cataldo]

I think what is concerning is how easily some seem shaken in this thread which is a stark contrast from a few days ago. If people who were steadfast in their position a few days ago are starting to waver a bit think about those who only skin in the game is the money (which is most).

I see many calling for the exit of flippers and this decline will shake many out for sure, but that said the entrance of flippers was key to driving up the prices. It will be great for those who have true intentions to put a set together however.

[ALBASKETBALL]

Originally Posted by ZiggySQ

A lot of People got caught up in the hype and were/are not thinking rationally. Boredlawyer tried to tell people this and he was flamed.


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Flamed for what? What did he tell us? JK5 just gave out free money to anyone with a rational since of thinking. Boredlawyer is saying that is a mistake...Come on.

[kevbojones]

Wow. Just saw a photo of first 60 cards laid out sequentially.

Beautiful, beautiful stuff.

Starts to really put things in perspective.

This is an amazing project

[zbaseball21]

Originally Posted by justin80

Fucci be like “I can’t wait until Project 2020 is over so i can get back to drawing boobs.”

This is very funny!

[ZiggySQ]

Originally Posted by mudflap02

It's not what he said, it's how he was saying it.

Contrary opinions are fine. Believe it or not, it's possible to disagree without being an #@#@#@#@#@#@#@.

I mean he’s a lawyer, you expect him to NOT be an #@#@#@#@#@#@#@?


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[DStars45]

Care to share?

Originally Posted by kevbojones

Wow. Just saw a photo of first 60 cards laid out sequentially.

Beautiful, beautiful stuff.

Starts to really put things in perspective.

This is an amazing project

[Boredlawyer]

Originally Posted by ZiggySQ

A lot of People got caught up in the hype and were/are not thinking rationally. Boredlawyer tried to tell people this and he was flamed.


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I was a bully about it on Monday saying there was no rational reason this was sustainable. My attitude turned people off because I was saying get out while you can, because you're primed to get crushed at the price points. Came across as condescending, but I have a personal interest in stability in the card market. Great thing about a message board is one purpose is to flaunt opinions.

I knew this was getting ugly on Tuesday-Wednesday when I received a handful of messages, (including several of the people who were publicly bullish on the set) basically saying they agreed in principle, but didn't know how to get out, or why this was sustainable.

When I had first hand experience that the advocates were doubting their underling assets, I knew the race to the bottom was on.

[Acid Dock]

Originally Posted by MCyganik

I think there’s some truth to this, although not to the level you’ve been happy to neg all over this thread for awhile.

People are still buying in droves so the demand is there. But yeah the last couple days the desire to sell quickly has now overwhelmed the price point. It’s good to see people still clearly lapping up the prices though. It’s just hard when hundreds of the same card are being offered at a time.

What will be interesting is when the lower PR offerings dry up. That’s when I have a feeling a few people are going to attempt to set the market for some sky high prices.

I look forward to setting that market with some of you other crazy holders lol. Here’s what I’ve got after hedging on Memorial Day and making back what I spent when I found the project at the beginning of the month (plus a bunch of cards in the mail from Baller Trout forward).

I’m imagining a framed collection of all 20 Gibsons at the end of December


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