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

Another one since the other thread went off-track and got deleted by the moderators. Let's see how long this thread will last:)

Majority of the sports cards, NFT's and Crypto have crashed 85-90% from their peak a year ago and we are unlikely to see the peak pandemic prices again on majority of them. My guess is that the correction will last until 2024 followed by some stabilization in prices and a slow, gradual increase in the prices of some iconic, rare and desirable cards. Stock market might be a better investment than cards overall in the next 10 years in my opinion.

I say no...still too much printing and products from these companies who only care about money and not the actual health of the market

Ok I promise I won’t go off topic. Cards only

It depends on what you’re buying as always. Ive been saying high grade vintage and I’ll keep saying it.

I also think 08 Topps is going to slowly appreciate, it’s an iconic set for multiple reasons

I’ve been buying 72 comspec since at least the pandemic can’t remember when I started it.

I used to be able to get low/mid grade for $100/cars now I can’t find anything, even low grade, for less than $250-300. And that’s not even a real set technically

Anything with a really limited print runs and iconic players in the set is going to slowly grind higher

I’m not a lebron fan but I see the Jordan effect happening with him within the next 5-7 years. Kids that worship him will have the funds to grab the cards they haven’t been able to afford, like MJs in the late 00s/early 10s

[QUOTE=jcardstore;19090408]Ok I promise I won’t go off topic. Cards only

It depends on what you’re buying as always. [B]Ive been saying high grade vintage and I’ll keep saying it.[/B]

I also think 08 Topps is going to slowly appreciate, it’s an iconic set for multiple reasons[/QUOTE]

Vintage baseball or basketball? What would you consider as the Mount Rushmore of Basketball cards? Which four would you pick?

1948 Bowman #69 George Mikan
1957 Topps #77 Bill Russell
1961 Fleer #8 Wilt Chamberlain
1969 Topps #25 Lew Alcindor (Kareem Abdul-Jabbar)
1980 Topps Magic Johnson/Larry Bird/Julius Erving
1986 Fleer #57 Michael Jordan
1996 Topps Chrome #138 Kobe Bryant
2003 Lebron Exquisite RPA or Topps Chrome

FWIW, the PWCC Iconic 100 list (all sports) had MJ 86F at #2, LeBron RPA at #5, 1980 Topps Bird Magic Erving at #8 and 1961 Wilt Fleer at #12. Those are the only four Basketball RC's in the top 12 of Iconic 100 list.

The problem is the market is cyclical. So there are boom and bust cycles. Which can be further accelerated either direction by being an active player. So holding cards longer than a year or two for investment purposes is difficult. Seasons end. New sports start. People lose interest.

I say the next bull run similar to 2020/2021 for the card industry is at least 3-5 years away.

Pass on cards as an investment until rates come down.

No clue when to call the bottom for the iconic stuff that has a decent population out there and everybody knows....

But there are always sets and cards out there that collectors are locking down that aren't on everyone's radar yet.

There might be a set or two I've been buying over the last two years that has actually seen prices rise 10-20% over that time.

[QUOTE=h00perstar34;19090428]I’m not a lebron fan but I see the Jordan effect happening with him within the next 5-7 years. Kids that worship him will have the funds to grab the cards they haven’t been able to afford, like MJs in the late 00s/early 10s[/QUOTE]

Yep. This will happen with Curry, too. Many fans of Lebron and Curry are still young and don’t have money yet.

[QUOTE=NBAicons;19090576]Yep. This will happen with Curry, too. Many fans of Lebron and Curry are still young and don’t have money yet.[/QUOTE]
That age group largely lacks financial intelligence. I wouldn’t count on them saving the day for the bag holders.

[QUOTE=pcptrade;19090451]Vintage baseball or basketball? What would you consider as the Mount Rushmore of Basketball cards? Which four would you pick?

1948 Bowman #69 George Mikan
1957 Topps #77 Bill Russell
1961 Fleer #8 Wilt Chamberlain
1969 Topps #25 Lew Alcindor (Kareem Abdul-Jabbar)
1980 Topps Magic Johnson/Larry Bird/Julius Erving
1986 Fleer #57 Michael Jordan
1996 Topps Chrome #138 Kobe Bryant
2003 Lebron Exquisite RPA or Topps Chrome

FWIW, the PWCC Iconic 100 list (all sports) had MJ 86F at #2, LeBron RPA at #5, 1980 Topps Bird Magic Erving at #8 and 1961 Wilt Fleer at #12. Those are the only four Basketball RC's in the top 12 of Iconic 100 list.[/QUOTE]

Mikan
Russell
Wilt
Bron Exquisite

Not many high grade copies of the first 3 exist and the Bron is just an iconic card plus the rarity factor

I think the 86 MJ still has a long way down. Besides the Kareem all the other cards were heavily printed so it’s not that hard to find a high grade copy

agree on the bottom coming about in the next 12 months followed by a recovery. Only place i deverge is there will be another speculative bubble in cards at the end of the recovery and those returns will outpace the S&P500.

[QUOTE=NBAicons;19090576]Yep. This will happen with Curry, too. Many fans of Lebron and Curry are still young and don’t have money yet.[/QUOTE]

Although Curry may have many young fans, you guys are all overestimating the existence of a Lebron fanbase that is too young to have money.

Lebron fanbois were born between around 1980-1998, they are already 25-43 years old and fondly known as millennials.

Millennials want jobs but don't want to work, they fully expect their college loans and probably their home loans if they have one to be fully paid off by the government. They have all spent their money on "experiences" and have very little money left to purchase pieces of cardboard of their idol. Many are fiscally incompetent, as Khal has intelligently referred to, and thus current Bron Bag holders will have no one else to flip their cards to down the line except to each other. Some millennials will be holding some heavy, heavy bags of a forgotten great player of the 2010's.

I've long supported that Jordan will transcend time, like Babe Ruth. Lebron cards will not follow suit.

Bron will be forgotten after he retires and no one really wants to buy cards of players people don't like, anyways.

Millennials will have no one to flip their cards to except for each other. It's also challenging when most millennials have exhausted their parent's money. Generation Z kids born in the 2000's could care less about Old Man Lebald and his flopping antics. They will only remember him as that bad actor in that space jam remake.

[QUOTE=hermanotarjeta;19090658]Although Curry may have many young fans, you guys are all overestimating the existence of a Lebron fanbase that is too young to have money.

Lebron fanbois were born between around 1980-1998, they are already 25-43 years old and fondly known as millennials.

Millennials want jobs but don't want to work, they fully expect their college loans and probably their home loans if they have one to be fully paid off by the government. They have all spent their money on "experiences" and have very little money left to purchase pieces of cardboard of their idol. Many are fiscally incompetent, as Khal has intelligently referred to, and thus current Bron Bag holders will have no one else to flip their cards to down the line except to each other. Some millennials will be holding some heavy, heavy bags of a forgotten great player of the 2010's.

I've long supported that Jordan will transcend time, like Babe Ruth. Lebron cards will not follow suit.

Bron will be forgotten after he retires and no one really wants to buy cards of players people don't like, anyways.

Millennials will have no one to flip their cards to except for each other. It's also challenging when most millennials have exhausted their parent's money. Generation Z kids born in the 2000's could care less about Old Man Lebald and his flopping antics. They will only remember him as that bad actor in that space jam remake.[/QUOTE]

You may want to seek therapy regarding your LeBron obsession.

For a Warren Buffett style of long-term hold, 99.999% of all cards are a terrible investment.

I have a low risk appetite for actual investment so dropping hundreds or thousands into any one card isn't it for me, especially since cards aren't liquid assets.

For short-term buy low, sell higher, there will always be opportunity in market. But if you're buying ultra modern, you can't get greedy holding out for more gains if you happen to make the right initial bet - the window to sell and maximize profit is almost always shorter than you think (there's 100s Kevin Knoxes for every Giannis or Steph).

For 'investing', I generally avoid things like RPAs & #ed Prizm RCs and focus on things that take advantage of supply/demand dynamics as opposed to things like how many playoff games Luka wins.

For example, college autos of legitimate college stars (even if they didn't have NBA careers) from blueblood programs will always have demand due to lifelong Duke, UNC, UK, Kansas, etc fans wanting memoriabilia and a limited supply.

If I see a cheap Luke Maye Contenders auto, I'm buying it because he's never going to have another UNC card and he'll always be fondly remembered by UNC fans.

I'll also buy super low end stuff of one or two rookies from every class that I like. I have built pretty large Devin Vassell and Jaden McDaniels stashes of base RCs, non-numbered Select & Optic parallels, and such and hope both break out in a major way this year. It didn't break the bank to buy and even if they never pan out, I like the players and can likely still move them via mixed eBay lots and COMC.

Fine arts and collectibles are historically a good inflation hedge -

[url]https://www.marketwatch.com/video/sectorwatch/how-some-investors-use-art-and-collectibles-as-a-hedging-strategy/41C1C57E-B3CB-4B15-B966-2592DFC3712C.html[/url]

With some decently serious money, I would look at nice for the grade Ruth, Cobb, Wagner, Gehrig. Then for us average Joe budgets, maybe Aaron, Mays, Ryan, Paige, Mantle, Ted Williams, Dimaggio.

In the context of OP, correction, assume modern - right now I like Curry & Jokic. Tough to say LeBron. Jordan, hmm, has say his '86 Fleer in PSA 8 stabilized yet or trending down still?

Don't do something I did and buy nice Derrick Henry cards considering (and proving) that the Titans have the worst offensive line, like why even bother trying to block.

High grade vintage is also not safe in my opinion. The Mantle 52T PSA 8 that is currently up for sale at Goldin sold two years ago for $2.02 million. I would be surprised if it fetches more than a million this time.

[url]https://goldin.co/item/1952-topps-311-mickey-mantle-psa-nm-mt-80ozyf?queryId=eyJjYXJkSW5kZXgiOjF9[/url]

Last sale (Oct 2021)-

[url]https://goldinauctions.com/LotDetail.aspx?inventoryid=104599[/url]

Essential Credentials /100 and under are still getting the bids

[QUOTE=pcptrade;19091135]High grade vintage is also not safe in my opinion. The Mantle 52T PSA 8 that is currently up for sale at Goldin sold two years ago for $2.02 million. I would be surprised if it fetches more than a million this time.

[url]https://goldin.co/item/1952-topps-311-mickey-mantle-psa-nm-mt-80ozyf?queryId=eyJjYXJkSW5kZXgiOjF9[/url]

Last sale (Oct 2021)-

[url]https://goldinauctions.com/LotDetail.aspx?inventoryid=104599[/url][/QUOTE]

The 2.02 is with the buyers premium. That card right now is $870,000 with 19 days left. It might sell for over $2 million again. I would actually be surprised if it doesn't.

[QUOTE=pcptrade;19091135]High grade vintage is also not safe in my opinion. The Mantle 52T PSA 8 that is currently up for sale at Goldin sold two years ago for $2.02 million. I would be surprised if it fetches more than a million this time.

[url]https://goldin.co/item/1952-topps-311-mickey-mantle-psa-nm-mt-80ozyf?queryId=eyJjYXJkSW5kZXgiOjF9[/url]

Last sale (Oct 2021)-

[url]https://goldinauctions.com/LotDetail.aspx?inventoryid=104599[/url][/QUOTE]

Pandemic peak prices should be thrown out forever, it was so far from reality.

Plus, we're not talking about prices from the 2021 peak. We're talking about from here going forward

[QUOTE=hermanotarjeta;19090658]Although Curry may have many young fans, you guys are all overestimating the existence of a Lebron fanbase that is too young to have money.

Lebron fanbois were born between around 1980-1998, they are already 25-43 years old and fondly known as millennials.

Millennials want jobs but don't want to work, they fully expect their college loans and probably their home loans if they have one to be fully paid off by the government. They have all spent their money on "experiences" and have very little money left to purchase pieces of cardboard of their idol. Many are fiscally incompetent, as Khal has intelligently referred to, and thus current Bron Bag holders will have no one else to flip their cards to down the line except to each other. Some millennials will be holding some heavy, heavy bags of a forgotten great player of the 2010's.

I've long supported that Jordan will transcend time, like Babe Ruth. Lebron cards will not follow suit.

Bron will be forgotten after he retires and no one really wants to buy cards of players people don't like, anyways.

Millennials will have no one to flip their cards to except for each other. It's also challenging when most millennials have exhausted their parent's money. Generation Z kids born in the 2000's could care less about Old Man Lebald and his flopping antics. They will only remember him as that bad actor in that space jam remake.[/QUOTE]

As an older Millennial, respectively, it is extremely insulting how you are characterizing 72 milion people based on your own obvious biases. I would have some other choice words for you, but I don't want to get this thread locked.

[QUOTE=stalemonkey30;19091188]As an older Millennial, respectively, it is extremely insulting how you are characterizing 72 milion people based on your own obvious biases. I would have some other choice words for you, but I don't want to get this thread locked.[/QUOTE]

Just ignore that guy. He can't make a single post without trashing LeBron.

He's just sad and angry all the time about someone who doesn't even know he exists