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FOOTBALL Post your Football Cards Hobby Talk |
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#14401 |
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Join Date: Jun 2018
Posts: 7,630
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I mentioned this last year when someone was pumping them here. The majority of champ tickets have to exchange hands from the people who got in for cheap to the rich collectors/investors, which is what we are seeing now. The process is still not complete. We will not see another bull run in prices until that process is complete and the stock market turns around.
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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; 09-28-2022 at 08:48 PM. |
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#14402 |
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Join Date: Aug 2020
Posts: 2,331
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Agreed but entry level is relative. I only have 35k into mine so it’s no biggie to ride it out. I haven’t owned the card more than 3 years. Until one stops being sold every month at a auction house the price will stay stagnant. You would think by now it would be in more diamond hands but the turnover isn’t complete yet. My goal when I invested in the card was hold 10+ years unless the right price was realized. I have tons of runway not worried one bit.
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#14403 | |
Banned
Join Date: Jan 2014
Posts: 12,617
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All Jordan rookies will keep going down till next pump or death. |
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#14404 | |
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This one ended on 2021/04/24 , Goldin Auction , $1.68 Million Now sell again at Heritage I have recorded the transaction prices of all TB ChampTix in several large auctions since 2021. I have a BGS 8.5 009/100 |
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#14405 |
Member
Join Date: Jun 2018
Posts: 7,630
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I have seen some high end cards being sold for 200-350K loss this year by the owners who acquired those cards only last year. Perhaps they are looking to offset profits from the sales of other 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; 09-29-2022 at 03:09 PM. |
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#14406 |
Member
Join Date: Apr 2015
Location: GOAT City
Posts: 12,001
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Cards that are up for auction every month on multiple platforms cannot continue to increase in price. I think we have seen the peak on Champ Ticket for quite awhile. We have to remember, the card went from a few hundred thousand to around 2 Million in less than a year, an amazing gain for a card that was 5K in 2016.
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#14407 | |
Member
Join Date: Apr 2015
Location: GOAT City
Posts: 12,001
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#14408 |
Member
Join Date: Oct 2021
Posts: 1,135
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Barring disaster, Bucs should win their division.
So it’ll be interesting to see where prices are at in a few months. Probably some big sales right before the playoffs start. Then from there it’ll be interesting to see what happens once they lose, or how high things get if they win it all |
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#14409 |
Member
Join Date: Dec 2020
Posts: 166
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Brady championship ticket auto rookie BGS 8.5/10 finished at $885k in heritage today.
Wow well below the $1.5 million to $1.6 million range it used to sell for. Last edited by Hilton; 10-01-2022 at 12:56 AM. |
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#14410 |
Member
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BAS graded maybe influence some values , I think 20% BGS discount
Last edited by brettxman; 10-01-2022 at 06:50 AM. |
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#14411 |
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Join Date: Aug 2020
Posts: 2,331
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I’ve been telling you guys all along the PSA slabbed Championship Tickets is where the money is at there’s like 10 or so in slabs with a few accounted for re-grades. BGS is getting a abused with the Star Jordan discrepancy to PSA grade for grade and it looks to be affecting the Brady Champ Ticket as well. You have to remember a lot of BGS slabbed Championship Tickets were PSA rejects for min-size so send it on over to BGS! I stuck with the industry leader for my choice of grader. Anyway the whole market is done as a whole.
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#14413 | |
Member
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Your opinion may only suit to compare with BAS graded BGS identification was stronger than PSA before 2017 (only referring to post-1990 cards), so Brady's Contenders mostly sent BGS in the early days. Since Brady got the fifth championship , it has changed. It is also since then that Beckett has stipulated that this card must be sent AU graded before identifying the items of the card, but this method also reduces the strictness of item requirements, BAS < early BGS |
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#14414 | |
Member
Join Date: Jun 2018
Posts: 7,630
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A PSA 8 with Auto 9 sold for $1.3 million in March when BGS 8.5/10 were selling for 1.5 million in April. Rich collectors are not after low grade PSA copies (grade 7 and below) and the ones with an auto grade of 9's despite the overall low pop. I sold my PSA 5/9 for 780K after the retirement news. I highly doubt it will fetch more than 450K if it was auctioned off now. Jordan Star PSA 7 and 8 are already down 50% since the pump few months ago. I said last year that we are due for a correction and will be entering a plateau phase in the market the next five years. Nothing is immune, whether it is PSA or BGS or SGC. Even the record private sales will not stop more blood bath next few months. A Honus Wagner SGC 2 sold for a record $7.25 million in private sale last month. I highly doubt that PSA 1.5 currently at Goldin will fetch more than $5 million even though they extended the auction by one week.
Disclosure: I own a Brady Champ Ticket BGS 8.5/10. My post from last year (May 2021)- Quote:
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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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#14415 | |
Member
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#14416 |
Member
Join Date: Dec 2020
Posts: 166
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The BAS graded bgs 8.5 Brady championship ticket that sold for $885k yesterday in heritage is the exact same card that was sold for $1.68 million in goldin auctions in April 2021. That was around the all time high auction price for a Brady BGS or BAS 8.5 so the BAS didn’t sell for a discount in goldin auctions in April 2021.
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#14417 | |
Member
Join Date: Aug 2017
Posts: 41,130
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I will add that nobody gives a damn about BAS vs BGS. It’s the same slab. This particular copy was over graded IMO, and was treated as such. Poor eye appeal in a bad market = card gets hammered.
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I love PSA! |
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#14418 |
Member
Join Date: Aug 2020
Posts: 2,331
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We need to go a year before another Championship Ticket comes up for auction the market is just so saturated with one or two being listed every month. Once that happens we will see a rise again.
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#14419 |
Member
Join Date: Jul 2017
Location: MD
Posts: 4,039
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Serious question - what is the buyer pool for $1m+ modern cards?
Is it 20 people? 100? 1000? |
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#14420 |
Member
Join Date: Mar 2017
Posts: 2,244
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#14421 |
Member
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With the economy and falling prices you will probably see them pop every couple of months until they are in the hands of long term holders. I think pcp’s five year estimate is pretty spot on.
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#14422 |
Member
Join Date: Feb 2021
Location: Toronto, Canada
Posts: 320
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#14423 | |
Member
Join Date: Feb 2021
Posts: 193
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https://www.beckett.com/news/million...sales-of-2022/ So think definitely more than 20 potential buyers, unless someone within the buyer pool is consistently buying multiple $1M+ cards. Feels unlikely since average sales price within this group is much higher than $1M. With sports cards increasingly being viewed as an alternative investment class, buyer pool for $1M+ has expanded from individual collectors to investment funds as well. (Annoying for true collectors who may be priced out of auctions, but good for sellers longer term.) As an aside, I think this may be why you see exponential value increases for an individual card as price rise: funds likely won't bother with "lower" value cards since not worth their time. But once a value reaches a certain threshold, a whole universe of buyers is opened. This is the same dynamic observed in the public equity markets. All that said, thinking somewhere between 100 and 1,000 potential buyers (have both willingness AND ability to pay) of a $1m+ card at any given point in time. A subset of which would actively bid on any individual card. Guessing the individual buyers included within this group would rotate a bit as folks may sit out after winning a major auction (or vice versa) or have other external events (buy a house, sell their company, retire, etc). |
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#14424 |
Member
Join Date: Aug 2017
Posts: 41,130
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James Park has made at least five $1M+ purchases in the last 12 months.
The buyer pool at $1M+ is pretty shallow for modern. I think the Wagner/Mantle market is much deeper. But just a guess.
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#14425 |
Member
Join Date: Jul 2017
Location: MD
Posts: 4,039
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This is how I feel as well. I’m sure many of those modern NBA logoman cards are going to 1-2 people as well.
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