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#226 |
Member
Join Date: Jul 2021
Location: Fomenting FOMO on the down low.
Posts: 7,867
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I would invest in Ja over Zion... unless you know something I don't.
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#227 |
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Join Date: Aug 2017
Posts: 41,076
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I thought the same thing when I saw that sale. Cannot believe that card sold for half a million previously.
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I love PSA! |
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#228 |
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For "event worn" RPAs - so basically 500k for a ja morant autograph
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Psa 9 > psa 10 |
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#229 |
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Join Date: Oct 2020
Posts: 375
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Your posts are always well written and well thought out but the theme 90% of the time is ROI. Sounds like you did well on all your timely purchases and you were able to cash out before cards crashed, so congratulation to you for having great foresight.
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#230 | |
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Join Date: Jan 2017
Posts: 11,055
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I also knew prices would drop once the fever was over -- there was no way prices were sustainable. The people who got screwed are the ones who had no reference points to judge how stupid high card prices were and how inflated the market was. They thought trading cards were suddenly discovered as investments overnight -- it had been a hidden secret for all those years. All the market needed was influencers to inform the ignorant masses about the great opportunity to make easy money from trading cards. |
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#231 | |
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I sold pretty much everything I had during 2020-21. Made insane amounts of money (for me which is pennies for others). It was a wild time. I made thousands of dollars off KPJ cards lol what a time to be alive
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Just moonwalking through hell on my last brain cell |
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#232 | |
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Join Date: Oct 2020
Posts: 375
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#233 | |
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Those who purchased that kind of cards at that price range are most likely wealthy folks who claimed to have interest in the hobby, but are instead looking to diversify their assets. Since they are liquidating them now, any sort of love for the hobby seems to be superficial. Last edited by Kobefan; 12-05-2023 at 04:23 PM. |
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#234 |
Member
Join Date: Oct 2012
Posts: 22,791
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Yes.
And wait til the people that have yet to learn that it's event worn also realize that the card is just made of cardboard!
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"Whether you like it or not, learn to love it, because it’s the best thing going. Wooooo!" |
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#235 |
Member
Join Date: Jun 2018
Posts: 7,630
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I have always said that I am mainly an investor in sports cards. I entered sports cards in 2018 when I was doing research on alternative investments and many articles (google search) mentioned sports cards as one of them. Prior to entering sports cards, I was collecting/investing in rare books, comic books, manuscripts etc., I still have them because 1. I am mainly a collector of those items, 2. I did not spend a lot on most of those and 3. They did not experience a parabolic rise in prices like sports cards, crypto and NFT's. It is hard for me to justify dropping six to seven figures in collectibles and and not worry about ROI. Having said that, there are few cards in my collection that I purchased recently, such as Bradman 1928 Ogden and Bird Magic 1980 Topps Buyback Auto/10, where I do not care about ROI. I am mainly a collector when it comes to those cards. Even though I cashed out on majority of my collection, I did make some bad decisions such as reinvesting profits in others cards such as Marvel PMG's, Brady Champ Ticket and few others during the pandemic pump. You win some, you lose some.
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Jealousy is a form of hatred built on Insecurity. It's the unhappy and insecure people who show hatred, jealousy and try to bring others down. Instagram:icollector23, Flickr:https://www.flickr.com/photos/144335251@N08/albums |
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#236 |
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Do people really care about event worn / game worn?
If you're spending 5-6 figures on a card why the hell would you care if the little swatch was a game worn jersey? If you want a game worn jersey you can buy multiple for that price
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Just moonwalking through hell on my last brain cell |
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#237 |
Member
Join Date: Jul 2021
Location: Fomenting FOMO on the down low.
Posts: 7,867
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So wait, cards are just a more complex and interesting form of currency? They are by their nature contrived? As is a uniform? Didn't need no stinkin uniform for the original olympics.
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#238 |
Member
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absolutely not
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Just moonwalking through hell on my last brain cell |
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#239 |
Member
Join Date: Jul 2021
Location: Fomenting FOMO on the down low.
Posts: 7,867
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then game used matters? confused.
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#240 | |
Member
Join Date: Oct 2012
Posts: 22,791
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The things that make an event worn card important are the same things that make plain old piece of cardboard important. People don't pay top dollar for RPA's because it's the most economical way to get a piece of game worn material, they pay for the significance of the card/brand.
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"Whether you like it or not, learn to love it, because it’s the best thing going. Wooooo!" |
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#241 |
Member
Join Date: Dec 2020
Posts: 438
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truthfully, have you met or even aware of anyone who actually retire BECAUSE of money from cards?!
I am going to wait |
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#242 | |
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Psa 9 > psa 10 |
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#243 | |
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- If I had moved most of my stuff during the early stages of the pandemic (and not buy any more cards), I could have moved back home and retire. And that's with a relatively small collection compared to many here. I don't think a lot of people retired out of cards but I think there are a few examples of people whose lives changed dramatically because of them.
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Basketball Sets: Threads Century Greats Jerseys - Innovation Stat Line Jerseys Soccer Sets: 2018 World Cup Prizm Peru Parallels - 2015 Select Soccer Peru Parallels Players: Red Bulls Parallels, 17-18 Thibs Prizms, Soccer Legends Autos |
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#244 |
Member
Join Date: Mar 2012
Location: Meandering the matrix code that the hobby/forum overlords spit out
Posts: 17,530
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I would only collect GU cards. Non GU make zero sense.
It's also why I don't own a single RPA nor have a desire to. Most overhyped cards in existence aside from Kabooms/Downtowns/Color Blast BS
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@shortslabs I'VE WITNESSED HOW THE SAUSAGE IS MADE HERE...IT'S ROTTEN
https://www.youtube.com/c/TylerShort |
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#245 |
Member
Join Date: Dec 2018
Posts: 605
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#246 |
Member
Join Date: Jul 2021
Location: Fomenting FOMO on the down low.
Posts: 7,867
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Your posts are always well written and well thought out but the theme 90% of the time is "I got in at the wrong time," when half of BO readers actually made out like bandits, retired, and are not posting.
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#247 | |||
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I just bought a Steve Smith Auto and was over the moon. ![]() Quote:
I guess people just prefer the card. Quote:
The27guy Nat Turner Exquisite collector Let's forget what they had previously. The cards they own have gone up hugely.
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Wanted, 03/04 Exquisite Base Gold Tim Duncan and 05/06 Exquisite Base Gold /25 Michael Jordan |
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#248 | |
Member
Join Date: Jun 2018
Posts: 7,630
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![]() Here is my Bradman- ![]()
__________________
Jealousy is a form of hatred built on Insecurity. It's the unhappy and insecure people who show hatred, jealousy and try to bring others down. Instagram:icollector23, Flickr:https://www.flickr.com/photos/144335251@N08/albums |
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#249 | |
Member
Join Date: Jun 2018
Posts: 7,630
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![]() Anyways, I sold most of my high end cards (Lebron-TC Gold Ref BGS 9.5, Exquisite RPA/99, Ultimate Auto/250 PSA 10, Jordan-PMG Red BGS 8, 86F BGS 9.5, Jambalaya BGS 9.5, Mahomes-Gold Vinyl PSA 10, NT RPA, Prizm parallels, Ohtani-Two Superfractors and multiple Red and Orange refractors) for nice gains. The euphoria was great while it lasted. My only regret is reinvesting some of those profits into Brady Champ Ticket. Even though it is free of cost, it does hurt a little when I look at the opportunity cost. In spite of that, I was able to cut down and go part time in my mid-40's. Thanks to sports cards and stocks, I work only three days a week now. There were a few in the Mahomes thread who paid off their home mortgage using profits from Mahomes cards.
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Jealousy is a form of hatred built on Insecurity. It's the unhappy and insecure people who show hatred, jealousy and try to bring others down. Instagram:icollector23, Flickr:https://www.flickr.com/photos/144335251@N08/albums Last edited by pcptrade; 12-06-2023 at 09:14 AM. Reason: Typo |
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#250 | |
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Join Date: Dec 2020
Posts: 438
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