Michael Jordan RC, PSA 10, shatters 100k !!!

[duron]

I just want to know why so many won't entertain the idea of such a silly sticker/designation being used deceptively. The card's flaws have already been mentioned.

[2010GBPackers]

Yeah, the $800k sale was an eye-opener vs. other recent 57 Jordan sales, but if you look at the trends across vintage RC's, an "S" sticker typically brings 2-2.5x a similarly graded card. I feel the price was way too high, but there's historical evidence that an absolute blazer of a card for the grade will bring much, much more than an average card for the grade.

What's weird to me is that those doubting the sale (and I can understand the skepticism) probably wouldn't blink an eye if a Black Label did $1M. It's really the same principal, though, people pay more for what people see as the best of the best.

[sh403]

Originally Posted by 2010GBPackers

Yeah, the $800k sale was an eye-opener vs. other recent 57 Jordan sales, but if you look at the trends across vintage RC's, an "S" sticker typically brings 2-2.5x a similarly graded card. I feel the price was way too high, but there's historical evidence that an absolute blazer of a card for the grade will bring much, much more than an average card for the grade.

What's weird to me is that those doubting the sale (and I can understand the skepticism) probably wouldn't blink an eye if a Black Label did $1M. It's really the same principal, though, people pay more for what people see as the best of the best.

A black label is put in the holder by BGS, a presumably neutral third party grading company. A PWCC-S sticker is put on the holder by the company that was consigned to sell the card and stands to make a percentage of the sale price, which is the opposite of a neutral third party

[KhalDrogo]

Originally Posted by sh403

A black label is put in the holder by BGS, a presumably neutral third party grading company. A PWCC-S sticker is put on the holder by the company that was consigned to sell the card and stands to make a percentage of the sale price, which is the opposite of a neutral third party

I'm sure the buyers of PWCC stickered cards are aware that PWCC is the one putting the sticker on the card. This isn't a debate about the legitimacy of the stickers.

[sh403]

Originally Posted by KhalDrogo

I'm sure the buyers of PWCC stickered cards are aware that PWCC is the one putting the sticker on the card. This isn't a debate about the legitimacy of the stickers.

and why is that?

[KhalDrogo]

Originally Posted by sh403

and why is that?

Why is this not a debate about the legitimacy of the stickers? Because this is an 86F MJ thread. If you want to complain about stickers, create a new thread in the grading forum.

[Pat3ntP3nd1ng]

Originally Posted by KhalDrogo

Why is this not a debate about the legitimacy of the stickers? Because this is an 86F MJ thread. If you want to complain about stickers, create a new thread in the grading forum.

I disagree. He’s allowed his perspective in this thread.

You know as well as I that this thread has morphed into more than what it started as. Originally it was about the Jordan 86 PSA 10 breaking the $100,000 mark. I think it’s completely valid to bring up PWCC and it’s gimmick “eye appeal” rating and how it pertains to the current and future values of the card as a whole, and whether or not it should, or how much of a premium it should put on its value.

We’ve all commented on tangential subtopics with regards to this card, including yourself.

As long as this thread doesn’t go completely off topic most of these comments are fair if we ultimately bring it back to the Jordan PSA 10 as reference.

[2010GBPackers]

Originally Posted by sh403

A black label is put in the holder by BGS, a presumably neutral third party grading company. A PWCC-S sticker is put on the holder by the company that was consigned to sell the card and stands to make a percentage of the sale price, which is the opposite of a neutral third party

Should I guide you to the "Eagle Eye" Joe thread? https://www.blowoutforums.com/showth...=eagle+eye+joe

You used a great qualifying word in your statement - "presumably." I'm not saying PWCC doesn't hold an interest in their "S" stickers, but they've stickered a total of two 57 Jordan's.

[GOATcards]

Originally Posted by 2010GBPackers

Should I guide you to the "Eagle Eye" Joe thread? https://www.blowoutforums.com/showth...=eagle+eye+joe

You used a great qualifying word in your statement - "presumably." I'm not saying PWCC doesn't hold an interest in their "S" stickers, but they've stickered a total of two 57 Jordan's.

The value of a sticker will be tied to the scarcity of them, so if they hand them out easily the premium and hence the higher consignment fee thing doesn't work (not long-run, anyway).

The idea of Goldin, Heritage and others starting to use their own stickers to keep up with sticker hype does sound just marvelous.

[pcptrade]

Originally Posted by duron

I just want to know why so many won't entertain the idea of such a silly sticker/designation being used deceptively. The card's flaws have already been mentioned.

Perhaps it could be due to PWCC assigning eye appeal sticker designation to trimmed and altered cards that they have sold in the past.