Biggest percentage price drops you have seen since the pandemic pump

[Nomad]

I would invest in Ja over Zion... unless you know something I don't.

[KhalDrogo]

Originally Posted by Scottish Punk

Wait, somebody is still spending $56k on Ja Morant card?

I thought the same thing when I saw that sale. Cannot believe that card sold for half a million previously.

[boxbuster7]

Originally Posted by hobbytime

The fact people were paying prices for HOMES for sports cards makes you wonder what some were thinking during the pandemic pump.

For "event worn" RPAs - so basically 500k for a ja morant autograph

[r338]

Originally Posted by pcptrade

The greatest trick the influencers and auction houses ever pulled during COVID time was convincing the newbies that sports cards were great investments.

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.

[fabiani12333]

Originally Posted by r338

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.

As someone who is a collector and who bought cards in the years leading up to the 2020 bubble, I knew it was the best time to sell -- it didn't take keen insight or intelligence.

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.

[jcardstore]

Originally Posted by fabiani12333

As someone who is a collector and who bought cards in the years leading up to the 2020 bubble, I knew it was the best time to sell -- it didn't take keen insight or intelligence.

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.

I think all the true hobbyists understood this.

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

[r338]

Originally Posted by fabiani12333

As someone who is a collector and who bought cards in the years leading up to the 2020 bubble, I knew it was the best time to sell -- it didn't take keen insight or intelligence.

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.

Did you sell your entire collection after the fever was over? Someone with that kind of foresight would have sold a bulk of the collection in 2021 and then buy it all back for a fraction in 2024.

[Kobefan]

Originally Posted by boxbuster7

For "event worn" RPAs - so basically 500k for a ja morant autograph

Isn't the Lebron Exquisite rpa also event worn?

Originally Posted by KhalDrogo

I thought the same thing when I saw that sale. Cannot believe that card sold for half a million previously.

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.

[tjforce]

Originally Posted by Kobefan

Isn't the Lebron Exquisite rpa also event worn?

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!

[pcptrade]

Originally Posted by r338

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.

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.

[jcardstore]

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

[Nomad]

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.

[jcardstore]

Originally Posted by Nomad

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.

absolutely not

[Nomad]

then game used matters? confused.

[tjforce]

Originally Posted by jcardstore

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

Yeah, that was my point.

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.

[elontusk1119]

truthfully, have you met or even aware of anyone who actually retire BECAUSE of money from cards?!

I am going to wait

[boxbuster7]

Originally Posted by tjforce

Yeah, that was my point.

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.

If RPAs were game worn their values would be more rational.

[yiguiri2002]

Originally Posted by elontusk1119

truthfully, have you met or even aware of anyone who actually retire BECAUSE of money from cards?!

I am going to wait

- There's a thread here about a teacher who was a Giannis collector that sold his collection and was able to use that money to buy his house and have some leftover money. I think that's the closest I've heard.

- 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.

[imbluestreak23]

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

[1980bust]

Originally Posted by elontusk1119

truthfully, have you met or even aware of anyone who actually retire BECAUSE of money from cards?!

I am going to wait

Maybe that dude who sold the Magic card to Post Malone? But even that might not have been retirement money.

[Nomad]

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.

[drobfan8]

Originally Posted by pcptrade

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.

Wow, you have that Bradman card? Got a pic? Are you a cricket fan?

I just bought a Steve Smith Auto and was over the moon.

Originally Posted by jcardstore

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

This was one thing that baffled me when I started buying Autos and Patches. GU jerseys were cheaper than a lot of Patch cards. It didn't make any sense.

I guess people just prefer the card.

Originally Posted by elontusk1119

truthfully, have you met or even aware of anyone who actually retire BECAUSE of money from cards?!

I am going to wait

I would say there are multiple people who's collections have gone up so much that they could retire. Probably the higher end collectors pre-covid.

The27guy
Nat Turner
Exquisite collector

Let's forget what they had previously. The cards they own have gone up hugely.

[pcptrade]

Originally Posted by drobfan8

Wow, you have that Bradman card? Got a pic? Are you a cricket fan?

I just bought a Steve Smith Auto and was over the moon.

Cricket is the major sport in the country I grew up. I used to play for my college team. I am big fan of Viv Richards, Tendulkar, Lara, Warne, Waugh brothers, Wasim Akram. Congrats to Australia on the recent world cup win

Here is my Bradman-

Bradman 1928 Ogden's Australian Test Cricketers by icollector23, on Flickr

[pcptrade]

Originally Posted by jcardstore

I think all the true hobbyists understood this.

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

I entered sports cards in 2018 after reading many articles, which mentioned that they were good alternative investments. I am glad someone took the time to find my posts from 2020 in the previous page. If you look at those posts from early 2020, I said the prices will go up more, which they did in the next 12-18 months. I was telling others in the Mahomes thread to take profits on some and ride the rest at free of cost. And if you look my posts from Apr-May 2021 in the previous page, I said we were due for a correction and the prices did drop after that. I think I gave better financial advice than most stock market analysts and that too for free of cost. JK

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.

[elontusk1119]

Originally Posted by drobfan8

I would say there are multiple people who's collections have gone up so much that they could retire. Probably the higher end collectors pre-covid.

The27guy
Nat Turner
Exquisite collector

Let's forget what they had previously. The cards they own have gone up hugely.

You saying Nat Turner now can finally retire if he just sell his PC?!