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

[JohnnyHatesJazz]

Originally Posted by kefskala

right, and now we have a new profit on the board...anything else your crystal ball tells you? I can only comment of what is currently happening and the future is a mystery....

He should change his name to....The Profit.

[kefskala]

Originally Posted by GOATcards

The only times in this hobby where there seems to be an unending run-up is with extremely rare items, like the Wagner. With nearly 3000 #57s in a PSA 9 it's not like you can't go and find one in the next week or two. The psychology involved is such that if you are either on the buying or selling end of something like a Wagner, you might not see one again at nearly the same price, or you might not find another for a long while, which of course keeps driving it higher. If I had one of those I don't know why I'd sell unless I had to.

im only talking about a psa 10 #57

[GOATcards]

Originally Posted by kefskala

right, and now we have a new profit on the board...anything else your crystal ball tells you? I can only comment of what is currently happening and the future is a mystery....

Just ask the Jordan fans around here whether they have the money to blow on MJ cards at the current prices. I know I don't. (I sold my PSA 9 #57 and put all of 3% of the proceeds into an '87 Sticker in a BGS 8.5. I'd like a PSA 9 Sticker but the prices are just too damn high for now. And since the Star cards have moved up along with the Fleer I'm basically being priced out of those, certainly in the higher grades.)

And as I've said, I've seen these run-ups before, namely with "the 10!". There's over 300 of them out there (and over 500 BGS 9.5s, which should say a lot about that grade - probably a bunch of them with a 9 subgrade). Nothing like with vintage issues of Wagner, Ruth, or Mantle in high grade.

The only difference between this run-up and the dotcom-period one, is that this one is even more extreme - 10x this time around just with the 9s, something like 25x with the 10s which were around $20K early last year.

And more and more keep getting slabbed for sale. How many more '52 Mantles could possibly show up in the new PSA holders?

[GOATcards]

Originally Posted by kefskala

im only talking about a psa 10 #57

I'd have one of those if I had F U money. 320 or so 10s isn't all that many in the context of the market for Jordan stuff, but it's nothing like a Wagner in terms of unending run-up.

What, all of a sudden, the #57 is so much more desirable in a 10 when it was only $20K hardly a year ago? To me that says suckers and/or those with F U money have been buying in most recently, and how many of those - who are sports enthusiasts no less - are there out there?

The market for these can only be sustained by the sports enthusiasts, else it's people chasing paper for paper's sake, a literal house of cards. So who are the sports enthusiasts who aren't just blowing F U money that are holding up this market at the moment? I'm waiting for a PSA 9 '87 Sticker only once the ratio of 9 prices come back into sensible line with 8s.

[kefskala]

Originally Posted by GOATcards

I'd have one of those if I had F U money. 320 or so 10s isn't all that many in the context of the market for Jordan stuff, but it's nothing like a Wagner in terms of unending run-up.

What, all of a sudden, the #57 is so much more desirable in a 10 when it was only $20K hardly a year ago? To me that says suckers and/or those with F U money have been buying in most recently, and how many of those - who are sports enthusiasts no less - are there out there?

The market for these can only be sustained by the sports enthusiasts, else it's people chasing paper for paper's sake, a literal house of cards. So who are the sports enthusiasts who aren't just blowing F U money that are holding up this market at the moment? I'm waiting for a PSA 9 '87 Sticker only once the ratio of 9 prices come back into sensible line with 8s.

and you jumped on this board when? yesterday....this conversation began when the card was at 100k....as to the title of thread.....enough said...

[GOATcards]

Originally Posted by kefskala

and you jumped on this board when? yesterday....this conversation began when the card was at 100k....as to the title of thread.....enough said...

I don't know what your point is.

I do think the prices are crazy-inflated, but I don't think they'll go back to anywhere near the previous floor.

[Willikn]

Originally Posted by GOATcards

I don't know what your point is.

I do think the prices are crazy-inflated, but I don't think they'll go back to anywhere near the previous floor.

The point, I'd guess anyway, is that naysayers have littered this thread for quite some time. What each one seems to miss is that this crazy inflation isn't just the Jordan #57, it isn't just Jordan, and it isn't just basketball. It is the entire hobby as a whole. You see the prices on a Kevin Garnett Topps RC?

Real or imagined, it is very broad spectrum. The real challenge is to find something worth owning that hasn't ballooned to an outrageous figure. If absolutely everything is outrageous, then nothing is.

[Slvnumber2]

Originally Posted by kefskala

and you jumped on this board when? yesterday....this conversation began when the card was at 100k....as to the title of thread.....enough said...

Better go get him board gestapo - he made the same points I did about the run up pricing being way too much too fast from $37k to $700k. Guess when a board member does not share your shame views they are jaded, haters, or ignorant about cards huh?

If people don’t have as many posts as you do they are not worthy or can’t have an opinion. If they love Jordan as a player and as card, but don’t agree that this run up seems odd going from $37k to $738k in a year or so. Maybe the fact there are 300+ copies in PSA 10 so it is not as rare as Mantle or Wagner in high grade or a 1916 Ruth - those cards would warrant a huge increase in high grade due to scarcity.

Amazing how the two Jordan 10’s went for huge record prices right before the AH announces a big financial backing from several investors for $44 million. This was when you and others were touting the Jordan as going to the moon, and I said this won’t keep up and they will come down. I think the 8’s were going for $26-28k and higher at the time, and how are they doing since that time? Make sure to throw in “these are all weak 8’s so they are not going to go for much.”

People can enjoy a card and the player at the same time, but also warn others against getting caught up in this pricing and manipulation game as well. Don’t think there were not record sales of Clemente, Koufax, and Rose rookies the last couple of years for huge money that were not shilled or never paid for - sold through big AH’s and online auctions. Also, some really good deals on the 1988 Jordan’s in PSA 9 right now as well - under $1k where they were selling for almost 2x that a couple of weeks ago. That can’t be right...

[cardrcomeback]

Originally Posted by Slvnumber2

Better go get him board gestapo - he made the same points I did about the run up pricing being way too much too fast from $37k to $700k. Guess when a board member does not share your shame views they are jaded, haters, or ignorant about cards huh?

If people don’t have as many posts as you do they are not worthy or can’t have an opinion. If they love Jordan as a player and as card, but don’t agree that this run up seems odd going from $37k to $738k in a year or so. Maybe the fact there are 300+ copies in PSA 10 so it is not as rare as Mantle or Wagner in high grade or a 1916 Ruth - those cards would warrant a huge increase in high grade due to scarcity.

Amazing how the two Jordan 10’s went for huge record prices right before the AH announces a big financial backing from several investors for $44 million. This was when you and others were touting the Jordan as going to the moon, and I said this won’t keep up and they will come down. I think the 8’s were going for $26-28k and higher at the time, and how are they doing since that time? Make sure to throw in “these are all weak 8’s so they are not going to go for much.”

People can enjoy a card and the player at the same time, but also warn others against getting caught up in this pricing and manipulation game as well. Don’t think there were not record sales of Clemente, Koufax, and Rose rookies the last couple of years for huge money that were not shilled or never paid for - sold through big AH’s and online auctions. Also, some really good deals on the 1988 Jordan’s in PSA 9 right now as well - under $1k where they were selling for almost 2x that a couple of weeks ago. That can’t be right...

Preach brotha. I was called stupid when I said in a couple weeks the 59 PSA 9 would be closer to 5K than 10K. Shocker, those people aren’t in this thread as often anymore.

[vintg]

Originally Posted by Willikn

The point, I'd guess anyway, is that naysayers have littered this thread for quite some time. What each one seems to miss is that this crazy inflation isn't just the Jordan #57, it isn't just Jordan, and it isn't just basketball. It is the entire hobby as a whole. You see the prices on a Kevin Garnett Topps RC?

Real or imagined, it is very broad spectrum. The real challenge is to find something worth owning that hasn't ballooned to an outrageous figure. If absolutely everything is outrageous, then nothing is.

ding, ding, ding, we have a winner.

i was ecstatic at the pwcc auction that ended
for vintage baseball on feb. 14th.

my 30-40 mantle's , grades 4-6 went up ACROSS THE BOARD, maybe20-30%.

major, major, major money has entered this hobby.
the likes of which this hobby has NEVER SEEN.

pivoting from Jordan and mantle, I've come to the conclusion, that i personally
am going to have to work harder to find higher eye appeal 3's and 4's (without creases or wrinkles, LOL) of mays, aaron, and j. robinson.

as always, jmho.

[Brent72]

Maybe there's a correlation and maybe there isn't, but if Bitcoin is still pumping the way it currently is when that next Goldin auction ends I think we're going to see some mind-blowing sales. A lot of that new money entering the hobby is from people who have been killing it in the crypto world and they're going to be putting some of those gains in high end cards. Those 2 nights in March should be fun to watch.

[vintg]

Originally Posted by cardrcomeback

Preach brotha. I was called stupid when I said in a couple weeks the 59 PSA 9 would be closer to 5K than 10K. Shocker, those people aren’t in this thread as often anymore.

actually, "we" are. LOL

ive read every post and none called you "stupid".

re: #59, psa 9

now, you did say, prices would be down to 4-5k by the middle of last week.

now the last 2 sales were $ 7,300 and $ 7,600.

I did say sales would be closer to 9k than 5k.

i will absolutely acknowledge that a correction has arrived, however, the higher end 9's will still command a premium.

and , yes, i do believe more and more "investors" are actually looking at the CARD , and not necessarily the "flip". and that is good, and that is real.

[GC1980]

Originally Posted by vintg

ding, ding, ding, we have a winner.

i was ecstatic at the pwcc auction that ended
for vintage baseball on feb. 14th.

my 30-40 mantle's , grades 4-6 went up ACROSS THE BOARD, maybe20-30%.

major, major, major money has entered this hobby.
the likes of which this hobby has NEVER SEEN.

pivoting from Jordan and mantle, I've come to the conclusion, that i personally
am going to have to work harder to find higher eye appeal 3's and 4's (without creases or wrinkles, LOL) of mays, aaron, and j. robinson.

as always, jmho.

I’d be very cautious using PWCC “sales” as an indicator of what cards are readily liquid for. No doubt mantles are up but there were some absurd, head scratching auctions this last round.

[vintg]

Originally Posted by GC1980

I’d be very cautious using PWCC “sales” as an indicator of what cards are readily liquid for. No doubt mantles are up but there were some absurd, head scratching auctions this last round.

no question, prices were and are, crazy.

BUT

as other posters have stated, across the board, all sports, ESPECIALLY
retired, iconic hof's ???


they can't all be "shilled" or "not paid for". LOL

[Slvnumber2]

Originally Posted by GC1980

I’d be very cautious using PWCC “sales” as an indicator of what cards are readily liquid for. No doubt mantles are up but there were some absurd, head scratching auctions this last round.

As someone who deals in Mantle’s 80% of the time I find the sales head scratching as well. I reached out to a few collecting buddies, and these guys move the industry - $10-50+ million in inventory as individuals , unopened stuff you will never see in all sports (cases, BBCE stuff from 1960’s and 70’s), auction house principals...

Talked about the recent modern stuff today with a couple of them about Mantle sales, and they are all saying it is very skeptical and suspicious. The recent Mantle sales would help me big time, but I am not sure they are legit or will get paid for. Some of these big time cards show as “sold” but money never changes hands. Now why would someone do that? Sell a big card of a PSA 10 rookie and publicize it everywhere, and the new norm of floor is set price wise. Makes the 10’s come out of collections and up for sale, and then magically they go for 20-30% less than the previous ones. Notice how the same 2 guys always get the mega over the top sales. With tools like VCP and 130point you can get a lot of data.

Last thing - notice how the same two guys who get the megas also block bidder ID’s now? Why would you not want transparency in auctions in a an unregulated industry?

[Brent72]

Can we start a separate thread for conspiracy theories and keep it out of this one?

[Slvnumber2]

Originally Posted by cardrcomeback

Preach brotha. I was called stupid when I said in a couple weeks the 59 PSA 9 would be closer to 5K than 10K. Shocker, those people aren’t in this thread as often anymore.

I said prices would fall on Jordan’s not because I don’t like Jordan - he is my favorite player of all time. I said it because the two sales don’t make sense price wise even with the crazy times now, and after these two drove prices up they were not going to hold so I said as such. Not to disparage Jordan but to call attention to shenanigans being done in the card market and people pumping and shilling to help their own pockets.

Since that time the 8’s went from $26-28k down to $15-18k. Can you imagine some selling a bunch of stuff to generate the $25k+ to buy a Jordan rookie only to see them drop to $17-18k in 10 days? Why wouldn’t they. People were on here saying the PSA 10 will be a million and the 8’s $48k. Nice pump job. When called out they then said “I did not say it would do it now but eventually.” Or they would say those 8’s were weak is why they dropped in price.

Why are 88’s half their price now from 10 days ago, and 1990’s were $200 and now $125-137? List a few big cards and guys come out and pump and sell their own stuff. So easy to see it coming and that is exactly why I posted - to help newbies not to get duped. If someone does not like me because of that not much I can do about it. Why were they so defensive and hurling insults🤔

[vintg]

Originally Posted by Slvnumber2

As someone who deals in Mantle’s 80% of the time I find the sales head scratching as well. I reached out to a few collecting buddies, and these guys move the industry - $10-50+ million in inventory as individuals , unopened stuff you will never see in all sports (cases, BBCE stuff from 1960’s and 70’s), auction house principals...

Talked about the recent modern stuff today with a couple of them about Mantle sales, and they are all saying it is very skeptical and suspicious. The recent Mantle sales would help me big time, but I am not sure they are legit or will get paid for. Some of these big time cards show as “sold” but money never changes hands. Now why would someone do that? Sell a big card of a PSA 10 rookie and publicize it everywhere, and the new norm of floor is set price wise. Makes the 10’s come out of collections and up for sale, and then magically they go for 20-30% less than the previous ones. Notice how the same 2 guys always get the mega over the top sales. With tools like VCP and 130point you can get a lot of data.

Last thing - notice how the same two guys who get the megas also block bidder ID’s now? Why would you not want transparency in auctions in a an unregulated industry?

i, of all people, LOL, do not want to sidetrack this thread.

mantle and Jordan are ICONS.

54b mantle psa 6, $ 6,200 high, but , SUPERIOR example
56t mantle psa 5, $ 2,900 very, very believable. numerous sale comps
55b mantle psa 5, $ 1,700 a smidge high, but excellent example
57t mantle psa 4 $ 1,225 again high, breakout inevitable to me on '57
59t mantle psa 6 $ 1,224 not surprising, numerous comps
58t mantle psa 3 $ 766 decent example, nice price

i could give dozens and dozens, and dozens more examples LOL
but, i think you get my point. these sales are very believable to me.
(let alone ALL the aaron, robinson, mays, and banks sales)

no question, you deal with larger "players than i do", and I'm sure "higher
grades", no doubt, but, again, i am of the belief that major new money has entered the hobby, and i "think" its here to stay. (not that their won't be ebbs and flows)

last, i completely agree with your transparency and lack thereof is VERY PROBLEMATIC.

[Brent72]

Wonder if certain people people will come back here to eat crow when a PSA 10 eventually does hit $1 million...or if they'll just continue to claim it's all fake pumping and shilling.

[vintg]

Originally Posted by Slvnumber2

I said prices would fall on Jordan’s not because I don’t like Jordan - he is my favorite player of all time. I said it because the two sales don’t make sense price wise even with the crazy times now, and after these two drove prices up they were not going to hold so I said as such. Not to disparage Jordan but to call attention to shenanigans being done in the card market and people pumping and shilling to help their own pockets.

Since that time the 8’s went from $26-28k down to $15-18k. Can you imagine some selling a bunch of stuff to generate the $25k+ to buy a Jordan rookie only to see them drop to $17-18k in 10 days? Why wouldn’t they. People were on here saying the PSA 10 will be a million and the 8’s $48k. Nice pump job. When called out they then said “I did not say it would do it now but eventually.” Or they would say those 8’s were weak is why they dropped in price.
Why are 88’s half their price now from 10 days ago, and 1990’s were $200 and now $125-137? List a few big cards and guys come out and pump and sell their own stuff. So easy to see it coming and that is exactly why I posted - to help newbies not to get duped. If someone does not like me because of that not much I can do about it. Why were they so defensive and hurling insults��

a) i know you're not referring to me personally about psa 1 mil or 8's at 48k, BUT, many many long time collectors came out of the woodwork to sell at 25k,
taking their money off the table, thereby borderline "flooding" the supply side of the supply/demand dynamic.

b) i do stand by ANY comment i made personally about "weak 8's" versus "superior" 8's, could easily be, at least a 25% difference, just within the same grade.

c) i personally never made 1 single comment about about the '88s-90's only b/c i STRONLY BELIEVE that the '87 "shorter print run", bore out by lower pop reports, creates a pretty good opportunity. the same cannot be said of '88-'90.

again, and as always, jmho.

[GOATcards]

Originally Posted by Brent72

Wonder if certain people people will come back here to eat crow when a PSA 10 eventually does hit $1 million...or if they'll just continue to claim it's all fake pumping and shilling.

It's kinda natural to think that prices are in a bubble when they've gone up 10x or more in a year. (I see that $20K for a 10 was the floor a few years ago, but they were up to around $37K about a year ago. So the increase for 10s in the past year has been around 15x, and "only" around 11-12x for 6s.)

I just don't know how sports-fan interest - a "fundamental" as stock traders might call it - could have gone up enough on its own to make sports cards continue their trend. I don't see how people needing a distraction during covid wasn't a clear driver over the short term.

It'll be a $1M card in a 10, at some point. But after it jumped from $37K to $600K, a whole lot of people are thinking bubble (again, what's the fundamental that would have kept interest in the card around the $37K mark for a longer time?), and when people are thinking that, it tends to be self-fulfilling. It's how speculator psychology operates. They're only going to be thinking bubble even more, if it hits $1M in the short term. How much blowable money is possibly out there?

But I could be wrong lol. There are a lot of rich folks with that much more money to blow every year. Does anyone really know what's going to happen with bitcoin? Some people get a rush from speculating in something so volatile.

[kefskala]

I guess I’m the only idiot that actually pays for the cards he wins at an auction and the only idiot that gets paid for the cards he sells at auction... every one else probably doesn’t pay, wow all glass floors and the earth is flat.

Let’s get back to bussiness jordon updates:

Goldin psa 10 currently 540,000 plenty of days to go

Heritage is 564,000 with 9 days to go

Robert Edwards 396,000 with 3 days to go, so if u want a deal here u go

My Pom poms are hard at work trying to pump that robert edwards one..so if you have 400k in your left pocket send it here! Wonder if this pump will work.

And if I’m the only self proclaimed idiot that actually pays for cards won amazing how I could keep multi million dollar businesses a float...or is this all a dream?

[MBMiller25]

Originally Posted by kefskala

I guess I’m the only idiot that actually pays for the cards he wins at an auction and the only idiot that gets paid for the cards he sells at auction... every one else probably doesn’t pay, wow all glass floors and the earth is flat.

Let’s get back to bussiness jordon updates:

Goldin psa 10 currently 540,000 plenty of days to go

Heritage is 564,000 with 9 days to go

Robert Edwards 396,000 with 3 days to go, so if u want a deal here u go

My Pom poms are hard at work trying to pump that robert edwards one..so if you have 400k in your left pocket send it here! Wonder if this pump will work.

And if I’m the only self proclaimed idiot that actually pays for cards won amazing how I could keep multi million dollar businesses a float...or is this all a dream?

Im not really sure why there is such vitrol for the dissenting opinions offered within in this thread. I have always felt like information was king, and want to hear opinions, especially if they are different from mine, so I have a full 360 degree understanding.

I think its ok for both of you to be accurate in your viewpoints. There can be a multitude of factors both positive and negative occuring that infuence the value of the higher end cards, and negataively impact other grades within the same card. I have no doubt that Institutional money has entered the hobby and is very much driving the rapid increase we have seen in PSA 10 #57 Jordan's. Thats not going to change anytime soon. The reality is, that the poeple buying this card up tend to have ego's and they arent worrying about spending an extra $50-$100K on a card they covet. The argument for this being a high pop card at 315 in PSA 10 isnt a very valid one in my opinion, as in the grand scheme of things with the money that has entered this hobby, thats really not enough. The PSA 10 will probably be a $1 million dollar card at some point. The way its going, that looks soon.

Conversely, from PSA 9 and below, there isnt the same instituaional money. At least to this point, funds and the like arent buying up PSA 9 and below grade #57 Jordan's. I know alot would like to see lesser grade Jordan's continue to track at the valuations against PSA 10, PSA 9, etc.. as they historically have, which is about 28.5-30% of the next higher grade, but thats not possible. Collectors, every day folks are buying these cards. I know I make a pretty good living, but I can't shell out $75K for a card (PSA 9 Jordan) without selling other cards to fund the purchase. I think alot of us are in this scenerio. I also know for a fact that as has been mentioned by a board member that there are games being played with this cards and many others (Mantle, etc.) Some of the players are well known names, that have been discussed in various threads on this platform.

Its ok for both events to be going on, and I dont personally feel that this predicts doom and gloom in the hobby. It only means there is a level of awareness that needs to exist and open mindness that we should ALL should have for all things, not exclusive to just cards. Its a changing world, changing hobby, and I dont think anyone has it fully figured out. Enjoy this time for what it is. Its ok to be the most bullish person on the street and conversly, its ok to be the most bearish. We all need to do what we feel is right for ourselves, and most importantly we all can respect each other for the opinions we have. Thats what makes this hobby great, and a board where this cant exist is one in which I would prefer not to participate in.

[kefskala]

Originally Posted by MBMiller25

Im not really sure why there is such vitrol for the dissenting opinions offered within in this thread. I have always felt like information was king, and want to hear opinions, especially if they are different from mine, so I have a full 360 degree understanding.

I think its ok for both of you to be accurate in your viewpoints. There can be a multitude of factors both positive and negative occuring that infuence the value of the higher end cards, and negataively impact other grades within the same card. I have no doubt that Institutional money has entered the hobby and is very much driving the rapid increase we have seen in PSA 10 #57 Jordan's. Thats not going to change anytime soon. The reality is, that the poeple buying this card up tend to have ego's and they arent worrying about spending an extra $50-$100K on a card they covet. The argument for this being a high pop card at 315 in PSA 10 isnt a very valid one in my opinion, as in the grand scheme of things with the money that has entered this hobby, thats really not enough. The PSA 10 will probably be a $1 million dollar card at some point. The way its going, that looks soon.

Conversely, from PSA 9 and below, there isnt the same instituaional money. At least to this point, funds and the like arent buying up PSA 9 and below grade #57 Jordan's. I know alot would like to see lesser grade Jordan's continue to track at the valuations against PSA 10, PSA 9, etc.. as they historically have, which is about 28.5-30% of the next higher grade, but thats not possible. Collectors, every day folks are buying these cards. I know I make a pretty good living, but I can't shell out $75K for a card (PSA 9 Jordan) without selling other cards to fund the purchase. I think alot of us are in this scenerio. I also know for a fact that as has been mentioned by a board member that there are games being played with this cards and many others (Mantle, etc.) Some of the players are well known names, that have been discussed in various threads on this platform.

Its ok for both events to be going on, and I dont personally feel that this predicts doom and gloom in the hobby. It only means there is a level of awareness that needs to exist and open mindness that we should ALL should have for all things, not exclusive to just cards. Its a changing world, changing hobby, and I dont think anyone has it fully figured out. Enjoy this time for what it is. Its ok to be the most bullish person on the street and conversly, its ok to be the most bearish. We all need to do what we feel is right for ourselves, and most importantly we all can respect each other for the opinions we have. Thats what makes this hobby great, and a board where this cant exist is one in which I would prefer not to participate in.

very well written and open minded...thank you..some people are just structed differently and obstinate which makes it impossible to have an open conversation....I am just posting current figures of the psa 10 and getting hammered that all are shilled prices...can they all be shilled prices?

[Brent72]

Originally Posted by MBMiller25

Im not really sure why there is such vitrol for the dissenting opinions offered within in this thread. I have always felt like information was king, and want to hear opinions, especially if they are different from mine, so I have a full 360 degree understanding.

I think its ok for both of you to be accurate in your viewpoints. There can be a multitude of factors both positive and negative occuring that infuence the value of the higher end cards, and negataively impact other grades within the same card. I have no doubt that Institutional money has entered the hobby and is very much driving the rapid increase we have seen in PSA 10 #57 Jordan's. Thats not going to change anytime soon. The reality is, that the poeple buying this card up tend to have ego's and they arent worrying about spending an extra $50-$100K on a card they covet. The argument for this being a high pop card at 315 in PSA 10 isnt a very valid one in my opinion, as in the grand scheme of things with the money that has entered this hobby, thats really not enough. The PSA 10 will probably be a $1 million dollar card at some point. The way its going, that looks soon.

Conversely, from PSA 9 and below, there isnt the same instituaional money. At least to this point, funds and the like arent buying up PSA 9 and below grade #57 Jordan's. I know alot would like to see lesser grade Jordan's continue to track at the valuations against PSA 10, PSA 9, etc.. as they historically have, which is about 28.5-30% of the next higher grade, but thats not possible. Collectors, every day folks are buying these cards. I know I make a pretty good living, but I can't shell out $75K for a card (PSA 9 Jordan) without selling other cards to fund the purchase. I think alot of us are in this scenerio. I also know for a fact that as has been mentioned by a board member that there are games being played with this cards and many others (Mantle, etc.) Some of the players are well known names, that have been discussed in various threads on this platform.

Its ok for both events to be going on, and I dont personally feel that this predicts doom and gloom in the hobby. It only means there is a level of awareness that needs to exist and open mindness that we should ALL should have for all things, not exclusive to just cards. Its a changing world, changing hobby, and I dont think anyone has it fully figured out. Enjoy this time for what it is. Its ok to be the most bullish person on the street and conversly, its ok to be the most bearish. We all need to do what we feel is right for ourselves, and most importantly we all can respect each other for the opinions we have. Thats what makes this hobby great, and a board where this cant exist is one in which I would prefer not to participate in.

Good post.