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

[pcptrade]

How much of a drop are we looking at in Lebron cards in the future? Another 30-50% drop? TC PSA 10 to 1-2K, RPA/99 to 50K-100K and RPA Gold/23 to 150K-200K or maybe even lower? If RPA Gold/23 drops to 150K, I will buy 5 of them, barring a major scandal. This is also assuming people like Park (Fitbit CEO), Nat, Shyne, Bobmtrack, Kimmy, Josh, Alt, ljcardshop are willing to let go of their copies for 150K and majority of the collectors/investors are not interested in his cards in the future because they hate him.

[hermanotarjeta]

Originally Posted by pcptrade

How much of a drop are we looking at in Lebron cards in the future? Another 30-50% drop? TC PSA 10 to 1-2K, RPA/99 to 50K-100K and RPA Gold/23 to 150K-200K or maybe even lower? If RPA Gold/23 drops to 150K, I will buy 5 of them, barring a major scandal. This is also assuming people like Park (Fitbit CEO), Nat, Shyne, Bobmtrack, Kimmy, Josh, Alt, ljcardshop are willing to let go of their copies for 150K and majority of the collectors/investors are not interested in his cards in the future because they hate him.

What happens to the value of a card when you paid a million plus for it, refuse to take a loss on it and don’t need to sell it because you don’t need the money, but can’t find a buyer for it when you want to part with it?

Is it still worth over a million dollars?

[pcptrade]

Originally Posted by hermanotarjeta

What happens to the value of a card when you paid a million plus for it, refuse to take a loss on it and don’t need to sell it because you don’t need the money, but can’t find a buyer for it when you want to part with it?

Is it still worth over a million dollars?

If they consider the cost basis as zero (cost neutral), why would there be a loss on it unless you are talking about opportunity cost. Maybe most of the guys that I mentioned are in that category and don't care if it's worth nothing or more than a million. Perhaps you can ask Nat and Fitbit CEO on what their thoughts process is

[hermanotarjeta]

Originally Posted by pcptrade

If they consider the cost basis as zero (cost neutral), why would there be a loss on it unless you are talking about opportunity cost. Maybe most of the guys that I mentioned are in that category and don't care if it's worth nothing or more than a million. Perhaps you can ask Nat and Fitbit CEO on what their thoughts process is

The Lebron exquisite is a miniscule portion of their net worth. They could lose it in a fire and it wouldn’t affect their quality of life. They aren’t trying to profit from it like other folks who may be investing in it solely for financial gain.

However, if one has purchased one with the intent to make a profit, then that opportunity cost would play a major role. Collectible, physical assets can decline in price, can be damaged or stolen, and deteriorate. There is high risk involved.

[NickyCards]

What is the consensus on the future of autographs? Curry could sign for the next 30 years. I think the best autos to hold and potentially rise are the guys who can't sign anymore, or guys like Duncan who don't sign anymore.

[Chris P]

Originally Posted by NickyCards

What is the consensus on the future of autographs? Curry could sign for the next 30 years. I think the best autos to hold and potentially rise are the guys who can't sign anymore, or guys like Duncan who don't sign anymore.

Duncan is signing again for Panini

[drobfan8]

Originally Posted by Chris P

Duncan is signing again for Panini

And I'm ready for it

[fabiani12333]

Originally Posted by pcptrade

Collectors will have have plenty of Curry Autos (both RC and non-RC) to choose from. Obviously some like pack pulled RC Autos such as Crown Royale /399, Classics /500 will stand out and be more desirable similar to certain Kobe autos. Kobe, Kareem, Magic and Bird also have plenty of autographed cards. It does affect their card prices in the long run in my opinion.

Curry only has about ten different on-card auto rookie cards. He does have about thirty sticker and manufactured patch auto rookies, though.

FYI: The Crown Royale was heavily targeted for trimming.

Curry signs a lot like Joe Montana. I expect him to continue to delute the market well into the future.

[pcptrade]

Originally Posted by hermanotarjeta

The Lebron exquisite is a miniscule portion of their net worth. They could lose it in a fire and it wouldn’t affect their quality of life. They aren’t trying to profit from it like other folks who may be investing in it solely for financial gain.

However, if one has purchased one with the intent to make a profit, then that opportunity cost would play a major role. Collectible, physical assets can decline in price, can be damaged or stolen, and deteriorate. There is high risk involved.

Nat and Fitbit CEO became millionaires by flipping something for profit in their lives. FYI, Nat still sells his cards for profits. There is no such thing as pure collectors when it comes to high end collectibles. People spending six to seven figures on collectibles are not carrying them to their grave. Even billionaire Steve Wynn, flipped the Picasso in my profile picture for a profit. It's all about the risk and the reward (profits) for them. As I said earlier, barring a major scandal, I am willing to buy five Gold RPA's if the price dropped to 150K because I like the risk to reward much better at 100-150K. I will be fine if they become worthless because I will still be cost neutral. That's a risk I am willing to take. I know at least four guys besides me who are looking to buy one at ~300K, so I am not sure if they will drop to 150K level anytime soon.

[fabiani12333]

Uh-oh lol:

The Internal Revenue Service is going after 125,000 high-earning Americans who raked in more than $400,000 annually but did not file tax returns between 2017 and 2021.

The agency said it learned of these high-wealth tax cheats from “third-party information — such as through Forms W-2 and 1099s,” and advised anyone receiving a non-compliance letter to “take immediate action to avoid additional follow-up notices, higher penalties as well as increasingly stronger enforcement measures.”

https://nypost.com/2024/03/01/busine...nt-file-taxes/

[hermanotarjeta]

Originally Posted by pcptrade

Nat and Fitbit CEO became millionaires by flipping something for profit in their lives. FYI, Nat still sells his cards for profits. There is no such thing as pure collectors when it comes to high end collectibles. People spending six to seven figures on collectibles are not carrying them to their grave. Even billionaire Steve Wynn, flipped the Picasso in my profile picture for a profit. It's all about the risk and the reward (profits) for them. As I said earlier, barring a major scandal, I am willing to buy five Gold RPA's if the price dropped to 150K because I like the risk to reward much better at 100-150K. I will be fine if they become worthless because I will still be cost neutral. That's a risk I am willing to take. I know at least four guys besides me who are looking to buy one at ~300K, so I am not sure if they will drop to 150K level anytime soon.

I would love for you to have the opportunity to purchase five of them in the future. However if there are current owners who paid over $500k for theirs and the highest asks are only at $300k, those cards will never leave the collections as wealthy investors don’t like to take a $200k hit on their purchases, especially if they don’t need the money.

[tyrith]

Originally Posted by hermanotarjeta

I would love for you to have the opportunity to purchase five of them in the future. However if there are current owners who paid over $500k for theirs and the highest asks are only at $300k, those cards will never leave the collections as wealthy investors don’t like to take a $200k hit on their purchases, especially if they don’t need the money.

The only real motivation would be that, under current tax law, if there's a built-in loss in an asset when you die, that loss gets wiped out. Same as the reverse where the built-in gains go away also. So there are some tax reasons to sell cards eventually if they're down.

[pcptrade]

Originally Posted by hermanotarjeta

I would love for you to have the opportunity to purchase five of them in the future. However if there are current owners who paid over $500k for theirs and the highest asks are only at $300k, those cards will never leave the collections as wealthy investors don’t like to take a $200k hit on their purchases, especially if they don’t need the money.

Fitbit CEO sold his Brady Champ Ticket for almost seven figure loss last year. He bought a BGS 8 for $1.3 million in 2021 and sold it for $324K in May 2023. Perhaps a tax loss harvesting strategy.

[pcptrade]

Looks like PMG's are not immune to the correction either. These were bucking the trend for a while. Kobe 1997 PMG Red BGS 4.5 sold for 120K in Nov 2023. A BGS 7.5 fetched only 109K last night at Goldin.

https://sales-history.pwccmarketplac...s/PREMIER10930

https://goldin.co/item/1997-98-skybo...kobe-brya1q1ff

[hermanotarjeta]

Originally Posted by pcptrade

Fitbit CEO sold his Brady Champ Ticket for almost seven figure loss last year. He bought a BGS 8 for $1.3 million in 2021 and sold it for $324K in May 2023. Perhaps a tax loss harvesting strategy.

Tax loss harvesting or not, I can’t be sure he actually enjoyed losing almost a million on it.

[itsinusall]

Originally Posted by hermanotarjeta

From the hobby standpoint.

Of course, we all know Bron never used PEDS, right?

Has the talk of Kevin Garnett saying Bron is on that Balco New Juice been discussed yet. Also the MMA fighter saying he has the same guy as Lebron been discussed and I just didn't go back far enough in the thread?

AIH sports on YouTube did a video to see a short clip of Whitlock, Garnett and the MMA fighter all dropping LeBrons name.

[hermanotarjeta]

Originally Posted by itsinusall

Has the talk of Kevin Garnett saying Bron is on that Balco New Juice been discussed yet. Also the MMA fighter saying he has the same guy as Lebron been discussed and I just didn't go back far enough in the thread?

AIH sports on YouTube did a video to see a short clip of Whitlock, Garnett and the MMA fighter all dropping LeBrons name.

Lebron investors are certainly aware of the news.

I was told the millennial generation doesn’t care about cheaters because everyone does it and it will be forgiven like in baseball, so it’s not a risk to their investments.

[Above the Rim]

We all hear the talk and the allegations. There is no way to prove anything - at least not yet. For me, just use the "eye test" - look at him, and with his shirt off - Oh, My ! Reminds me a whole heck of a lot like Sammy Sosa back in the day looking that odd thick, the shoulders, the neck, the head, and with all the rippling muscles and you couldn't tell him apart from a tank. Oh, and then lets put it into perspective with his age about 40 years old, whew.

[hermanotarjeta]

Originally Posted by Above the Rim

We all hear the talk and the allegations. There is no way to prove anything - at least not yet. For me, just use the "eye test" - look at him, and with his shirt off - Oh, My ! Reminds me a whole heck of a lot like Sammy Sosa back in the day looking that odd thick, the shoulders, the neck, the head, and with all the rippling muscles and you couldn't tell him apart from a tank. Oh, and then lets put it into perspective with his age about 40 years old, whew.

Tiger Woods as well.

[GOATcards]

Originally Posted by hermanotarjeta

Lebron investors are certainly aware of the news.

I was told the millennial generation doesn’t care about cheaters because everyone does it and it will be forgiven like in baseball, so it’s not a risk to their investments.

Bonds, Clemens and A-Rod (and Sammy and Mac and Palmiero) are enshrined in Cooperstown then?

[hermanotarjeta]

Originally Posted by GOATcards

Bonds, Clemens and A-Rod (and Sammy and Mac and Palmiero) are enshrined in Cooperstown then?

Tatis investors.

[dunkindutchmen]

biggest sign that the market is about to crash or tank is SCI opening up a giant card store. Nobody in the hobby has worse timing.

[pcptrade]

Originally Posted by dunkindutchmen

biggest sign that the market is about to crash or tank is SCI opening up a giant card store. Nobody in the hobby has worse timing.

Has anyone here been to his shop in Atlanta?

https://www.cardshq.com/

CardsHQ is a massive, unparalleled, and state-of-the-art 14,000 sq. ft. shop that raises the bar for what the collector experience can be!

What we're creating will fundamentally change the hobby. You're going to be able to visit CardsHQ everyday – no matter where you are in the world, as we offer a first-of-its-kind live virtual shopping experience. You can walk the shop live, 24 hours a day, 7 days a week, from anywhere. It's how we are becoming The World's Local Card Shop.

[pcptrade]

Originally Posted by pcptrade

I would not be surprised if the correction in sports cards market lasted another year or two.

I picked up one of my favorite MJ and Magic cards this weekend despite my bearish outlook

Michael Jordan 1985 Nike Promo RC Auto (UDA) BGS 9.5 by icollector23, on Flickr

Magic Johnson 2009 Exquisite Collection '03 Flashback Rookie Patch Auto #10/25 PSA 9 Auto 10 by icollector23, on Flickr

[hermanotarjeta]

Originally Posted by pcptrade

I picked up one of my favorite MJ and Magic card this weekend despite my bearish outlook

Michael Jordan 1985 Nike Promo RC Auto (UDA) BGS 9.5 by icollector23, on Flickr

Magic Johnson 2009 Exquisite Collection '03 Flashback Rookie Patch Auto #10/25 PSA 9 Auto 10 by icollector23, on Flickr

Great pickups!

I always loved the exquisite flashback set. I was so excited when it was first released that I was possibly the first person in the world to complete it in hand.