📈Is the correction over? What cards look attractive with an upside potential?📈

[jcardstore]

Originally Posted by letsgocapitals

So the economy has been steady since 1776?

Oh yes, inflation, Bidenomics, and Biden in general (according to an ABC poll no less).

https://www.zerohedge.com/markets/pe...bout-inflation

https://twitter.com/JoeyMannarinoUS/...03667840295052

https://twitter.com/DC_Draino/status...07841679241220

Unironically posting zerohedge as a "source"

[boxbuster7]

Originally Posted by jcardstore

I agree but people always have to make it about how their team would be so much better when both teams suck.

I disagree on the 2nd part. The companies just printed to the demand. There was a massive spike in demand that outpaced supply exponentially. The companies realized that fat dudes in white tees were fist fighting children in walmart parking lots for boxes of optic so they cranked the presses and pumped prices.

They raised prices on blasters so much they just sit on shelves for months now. I haven't even considered buying any basketball because it's insane to pay $40 for a blaster to hope to pull $5 in cards.

This I think is the problem. A lot of the people on this board knew the market was going to nosedive. It was too good to last. So I just see it as a petty money grab from the manufacturers - By the time they adjusted their printers the market was already collapsing.

[yiguiri2002]

Originally Posted by jcardstore

I agree but people always have to make it about how their team would be so much better when both teams suck.

I disagree on the 2nd part. The companies just printed to the demand. There was a massive spike in demand that outpaced supply exponentially. The companies realized that fat dudes in white tees were fist fighting children in walmart parking lots for boxes of optic so they cranked the presses and pumped prices.

They raised prices on blasters so much they just sit on shelves for months now. I haven't even considered buying any basketball because it's insane to pay $40 for a blaster to hope to pull $5 in cards.

Blasters are 30 bucks for the most part. I don't think a single release was over 30 (using Target pricing).

Market would be healthy if they priced blasters back at $20 and printed 2020-like volume. Collectors would find good deals from time to time and flippers would stay away because of the margins. Wonder if there is a reason why prices can't be changed faster.

[anusinha]

Originally Posted by yiguiri2002

Blasters are 30 bucks for the most part. I don't think a single release was over 30 (using Target pricing).

Market would be healthy if they priced blasters back at $20 and printed 2020-like volume. Collectors would find good deals from time to time and flippers would stay away because of the margins. Wonder if there is a reason why prices can't be changed faster.

Topps chrome is $35.. i think prizm is 35 as well.

[Ericc5Bears]

Oh boy! Another 8+ page thread about whether the market is going to go up or down. Surely this one will stay completely focused on the subject and won't devolve into a debate about totally unrelated political topics!

[yiguiri2002]

Originally Posted by anusinha

Topps chrome is $35.. i think prizm is 35 as well.

Prizm is 30 at Target. I think Walmart is a little more expensive than that but they also mark things down from time to time.

[boxbuster7]

Originally Posted by yiguiri2002

Prizm is 30 at Target. I think Walmart is a little more expensive than that but they also mark things down from time to time.

the cost has gone up and the quality and odds have gone down. The average prizm blaster gives you $3/4 worth of cards. You used to actually be able to pull good stuff out of retail. Now it is next to impossible.

[KhalDrogo]

Originally Posted by yiguiri2002

Blasters are 30 bucks for the most part. I don't think a single release was over 30 (using Target pricing).

Market would be healthy if they priced blasters back at $20 and printed 2020-like volume. Collectors would find good deals from time to time and flippers would stay away because of the margins. Wonder if there is a reason why prices can't be changed faster.

Nobody opting against buying at $30 would start buying at $20. Retail value is at an all-time low. Very few products worth spending any dollar amount on.

[jcardstore]

Originally Posted by yiguiri2002

Blasters are 30 bucks for the most part. I don't think a single release was over 30 (using Target pricing).

Market would be healthy if they priced blasters back at $20 and printed 2020-like volume. Collectors would find good deals from time to time and flippers would stay away because of the margins. Wonder if there is a reason why prices can't be changed faster.

The Miejer by me is 35+ tax so basically 40 and it’s not worth it either way

[hermanotarjeta]

Originally Posted by jcardstore

The Miejer by me is 35+ tax so basically 40 and it’s not worth it either way

People were paying those prices during the pandemic, so what changed?

[jcardstore]

Originally Posted by KhalDrogo

Nobody opting against buying at $30 would start buying at $20. Retail value is at an all-time low. Very few products worth spending any dollar amount on.

Exactly this. Opening blasters stopped being fun and there’s 0 value.

[letsgocapitals]

Why aren’t people spending money on cards?

Homes are now 44% more expensive than they were prior to the pandemic, per Redfin.


Sent from my iPhone using Tapatalk

[yiguiri2002]

Originally Posted by KhalDrogo

Nobody opting against buying at $30 would start buying at $20. Retail value is at an all-time low. Very few products worth spending any dollar amount on.

Originally Posted by jcardstore

Exactly this. Opening blasters stopped being fun and there’s 0 value.

Are you guys saying that a 33% price decrease won't do anything to demand? With Wemby around? Come on.

There's a big difference between "We're back!" flip boys and 2018 retail market.

[tjforce]

Originally Posted by letsgocapitals

Why aren’t people spending money on cards?

Homes are now 44% more expensive than they were prior to the pandemic, per Redfin.


Sent from my iPhone using Tapatalk

But that's not something that costs everyone.

Heck, my home is 25% less expensive per month then it was at the start of the pandemic, and has risen in value a considerable amount.

[jcardstore]

Originally Posted by yiguiri2002

Are you guys saying that a 33% price decrease won't do anything to demand? With Wemby around? Come on.

There's a big difference between "We're back!" flip boys and 2018 retail market.

They're not doing it so it doesn't matter but I don't think it would have that much of an impact overall

[thenightman]

Originally Posted by hermanotarjeta

People were paying those prices during the pandemic, so what changed?

When I bought retail on the regular during the pandemic blasters were $20 and megas were $45. Today they're $30 and $60.

[anusinha]

Originally Posted by thenightman

When I bought retail on the regular during the pandemic blasters were $20 and megas were $45. Today they're $30 and $60.

prices up, hits are diluted, quality is crap so you cant even grade anything, value is so low it doesnt make sense to buy it at virtually any price.

[thenightman]

Originally Posted by anusinha

prices up, hits are diluted, quality is crap so you cant even grade anything, value is so low it doesnt make sense to buy it at virtually any price.

I agree, just questioning hermanotarjeta's memory.

[hermanotarjeta]

Originally Posted by thenightman

When I bought retail on the regular during the pandemic blasters were $20 and megas were $45. Today they're $30 and $60.

On the secondary market, people were paying $60-$80 for a lot of blasters.

[IronCladLou]

Originally Posted by hermanotarjeta

On the secondary market, people were paying $60-$80 for a lot of blasters.

I paid $160 for 2020-21 Prizm blasters. FOMO, International etc.

[Gem10collection]

Rare 90's prices taking a new leg down the last few weeks.

Not crashing by any means but it seems like every new sale regardless of set or player is setting a lower comp than the previous sale. Multiple examples across multiple platforms just do your own research to see what I mean.

Prices were going up for baseball and football consistently the last year plus but now the trend has noticeably reveressed. Wouldn't be surprised if more supply hits the market as more folks spot the trend and try to get out. The one bright spot I have seen is Kobe who got crushed post boom and now is starting to recover from the lows set back in q4 2022.

[dunkindutchmen]

Originally Posted by jcardstore

Exactly this. Opening blasters stopped being fun and there’s 0 value.

And the 0 value can't be emphasized enough. Packman ripped like $1k of retail recently and it was the most ridiculous thing I've ever seen.

The basketball ultra-modern market was always destined for a strong correction but it was a confluence of events that expedited it:

PSA shutting down grading for an extended period of time, meaning retail rip-and-grade was dead. This was probably cycling a lot of money through the hobby.

Panini price bumping all retail formats while simultaneously increasing the print runs and thinning out the hits. To further exacerbate the situation, Panini kept large chase cards in retail strictly to football for some reason. Downtowns, Kabooms, for example, pumped demand to open retail football.

Now, the only ones buying retail hoops are suckers and gamblers but Panini is about to get bailed out because Wemby and Scoot will absolutely motivate people to rip and hold retail wax again.

[KhalDrogo]

Originally Posted by yiguiri2002

Are you guys saying that a 33% price decrease won't do anything to demand? With Wemby around? Come on.

There's a big difference between "We're back!" flip boys and 2018 retail market.

Price decrease doesn’t change that the contents are junk. Anyone chasing retail Wembum will do it at $30 or $20.

[SoccerRCs]

Originally Posted by yiguiri2002

Blasters are 30 bucks for the most part. I don't think a single release was over 30 (using Target pricing).

Market would be healthy if they priced blasters back at $20 and printed 2020-like volume. Collectors would find good deals from time to time and flippers would stay away because of the margins. Wonder if there is a reason why prices can't be changed faster.

Because if you marked your inventory down... my oh my how your balance sheet would change.

The reality is that they can let it sit for now. Just like all the people maintaining COVID pricing on their cards. They don't need the cash so they can wait. Just like all the people saying they won't sell their houses, they'll just wait till rates go back down. There is so much excess cash in the system still that people can dilly-dally and wait. The economy and the coming recession only comes down to how long these excess reserves can last.

The card companies are doing the same thing. Let the inventory sit but don't mark it to market and your balance sheet looks a lot better and they don't need to sell right now. Just wait till they need to sell. It will change. It's just taking longer than everyone thought from when the Fed first started raising rates.

[SoccerRCs]

I'd also add that none of this really bothers me, all the problems that people point out. This hobby for 100 years has been a long drawn out story of fear, greed, wild price movements, greedy companies, companies that make mistakes, swindlers, trimmers, massive corrections, large booms, lawsuits and more. But it is these stories that make this hobby so incredible. Without the legend and the history made up of all these components it wouldn't be what we all enjoy it to be. And it wouldn't make cards as interesting and/or valuable. If it was all the card companies keeping print runs perfectly tame with no fluctuation, making no mistakes, keeping hits in each product to the ideal equilibrium, etc. this place would be a ghost down. It would be boring as hell. The drama is half the fun of the hobby.