Topps Project 2020 is the worst product since 1991 Fleer

[BOT]

Willie Mays saladeen was hitting 400 yesterday, folks came in and dropped it to 300

[gmoney328]

Originally Posted by mlc3423

I've already got my exit strategy in line...As far as selling these down the line i plan on listing them on the BO B/S/T thread instead of because i figure it would be safer and plus i never mind helping out another forum member with their collection

I sold 2 on B/S/T so far. Both easy transactions with less fees.

Not to mention, one would think buyers AND sellers on here would be MUCH more likely to honor deals for fear of ostracization and ridicule by other members.

[SaveMeTheGum]

Mattingly Siff -- sitting there at $160

He's only done Ripken, Brett, Ryan and Mattingly. Has almost no hype yet. Picked one up. Might have to get more.

[mlc3423]

Originally Posted by eldavojohn

Mail day for me! Love the "in jail" look on this card



Every single one in an ultra pro magnetic holder! WOO HOO!

You have 20-25K sitting there...Congrats

[CardFarmer]

Originally Posted by dbpsooner

I go back and forth on this. Ultimately, like any product, it will come down to supply and demand. What we are currently seeing is demand significantly outpacing supply. What we don't know yet is how much of the demand is authentic and how much of the demand is artificial. By artificial, I am referring to people buying these cards with no interest in anything but selling them later for profit. As word about this project spreads, and people figure out these cards can be bought directly from Topps for $20 a card, we will see gigantic print runs (already happening) from both those collecting for personal enjoyment and those buying simply to sell for profit. Eventually, the genuine collectors buy what they want and those buying for profit will be left with no one to sell to.

I have really enjoyed this project from the beginning. I am collecting two artist sets and picking up random cards from Topps if they appeal to me. I have not sold a single card despite the current high value of many of the cards I have. I happen to think there are many people out there like me in that they are seeking to collect certain mini sets within this project for their own enjoyment. When you think about how extremely limited these artist/player sets are, it makes sense to me that the first cards released, with extremely low print runs, are skyrocketing in price. More and more people are becoming aware of the project and seeking these cards for their collections. As a result, I do not see these early cards going down any time soon. I do worry about the larger print run cards.

I keep wondering how many people are collecting sets within this project, how many are collecting individual cards they like only, and how many are simply buying to sell for profit. We simply do not have answers to these questions.

To touch on a few of your points above, the fact that these do not hold any allure to you means nothing. A 1952 Topps Mantle holds no allure to many people also. Topps Living set is a bad example because it has no end. This project is defined. As more collectors discover these cards and are drawn to them, the more demand goes up despite the supply of those cards released thus far being set. You hit the nail on the head when you asked how popular do we expect these cards will be. I think we are getting a taste of just how popular they are given pricing on early releases and print runs on newer releases. If you consider that these cards do in fact have extreme appeal to many people across different collector groups, I do not necessarily agree that the market is acting completely irrationally, as we don't know the extent of the demand to make a statement like that. At the end of the day, you may very well be right, but you could also be wrong because you underestimate the demand based on your lack of allure. Either way, I appreciate your post as I struggle with much of what you are struggling with also. One thing is for sure, I am enjoying following the project and will continue to do so regardless of pricing.

This whole project is bananas, and I feel it's prudent to lock in some of the profits. I've been in since the beginning, and I've been selling all the way up. Sold Ermsy Goodens @ $80, $100, $200, and $400+. Same on Siff Ripkens, Saladeen Jeters, etc etc.

I only like selling when I have cards in hand, but I will slip a few out before in order to basically cover my costs. I sold a couple of Baller Trouts that I still don't have in hand in order to pay for my entire order from Topps. So I've invested thousands into these cards, but am currently cash neutral. Meaning that I sold enough to pay for all the cards I currently have on order or in hand and I am then playing with 'house money'.

I'm also a believer in the set and have been since day 1 (the only reason I registered at BO was to talk about this set). If I truly believed this would crash/burn, I'd sell all my current cards and just buy back later, but I'm not convinced of when the crash will come, so for my PC artist sets, I most likely will not be selling my cards at any price.

So yeah, it's sound advice to exercise prudence. I buy a lot of cards, but I only use money that I don't care about losing. To extend yourself to buy ballooned up P2020 cards is a very stupid thing to do.

[Soxfanguy]

Originally Posted by CardFarmer

So yeah, it's sound advice to exercise prudence. I buy a lot of cards, but I only use money that I don't care about losing. To extend yourself to buy ballooned up P2020 cards is a very stupid thing to do.

This is the most important thing

[Boredlawyer]

Originally Posted by JVB

If we take someone's previous card pricing structure to assume $10mil per release divided by PR (including 10% artist and player multipliers), at 400 cards that gives us a $4B market cap assumption.

That is a lot of money. How do we feel about that?

A $4 billion dollar market cap would mean that a set of non-autographed, mass produced baseball cards released in 2020 holds a higher "market cap" than Harley Davidson or Under Armour.

[gmoney328]

Originally Posted by CardFarmer

This whole project is bananas, and I feel it's prudent to lock in some of the profits. I've been in since the beginning, and I've been selling all the way up. Sold Ermsy Goodens @ $80, $100, $200, and $400+. Same on Siff Ripkens, Saladeen Jeters, etc etc.

I only like selling when I have cards in hand, but I will slip a few out before in order to basically cover my costs. I sold a couple of Baller Trouts that I still don't have in hand in order to pay for my entire order from Topps. So I've invested thousands into these cards, but am currently cash neutral. Meaning that I sold enough to pay for all the cards I currently have on order or in hand and I am then playing with 'house money'.

I'm also a believer in the set and have been since day 1 (the only reason I registered at BO was to talk about this set). If I truly believed this would crash/burn, I'd sell all my current cards and just buy back later, but I'm not convinced of when the crash will come, so for my PC artist sets, I most likely will not be selling my cards at any price.

So yeah, it's sound advice to exercise prudence. I buy a lot of cards, but I only use money that I don't care about losing. To extend yourself to buy ballooned up P2020 cards is a very stupid thing to do.

Bingo.

[KB81]

Some mail today that I just had to post. I think this card looks AMAZING in person. Love it!

[Soxfanguy]

Originally Posted by Boredlawyer

A $4 billion dollar market cap would mean that a set of non-autographed, mass produced baseball cards released in 2020 holds a higher "market cap" than Harley Davidson or Under Armour.

Isn’t it kinda hard to compare a bunch of assets to a company?

[mcwildcats]

Where do you guys see the Baller Trout headed?

[Bob Ross]

Originally Posted by eldavojohn

Mail day for me! Love the "in jail" look on this card



Every single one in an ultra pro magnetic holder! WOO HOO!

Originally Posted by KB81

Some mail today that I just had to post. I think this card looks AMAZING in person. Love it!

[Soxfanguy]

Originally Posted by mcwildcats

Where do you guys see the Baller Trout headed?

I’d say up

[gmoney328]

Originally Posted by KB81

Some mail today that I just had to post. I think this card looks AMAZING in person. Love it!

Very sorry I missed out on this card. That looks awesome.

[badlarrys]

Maybe the secret is 10% ebay bucks starting June 2nd.....

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[Bob Ross]

Originally Posted by mcwildcats

Where do you guys see the Baller Trout headed?

$500 eventually

[kyle1707]

I got an email that my beck Brett’s are shipping

The tracking number is usps

That’s a first and I have done 2 day express and smart post always fed ex

I would love if usps got involved

I can’t stand fed ex

[metsandweezer]

The $2K fanny pack has 50+ watchers...hopefully it’ll get hit soon.

[Bronxbomma]

Let’s see if homeboy or homegirl delivers


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[kyle1707]

Originally Posted by eldavojohn

Mail day for me! Love the "in jail" look on this card



Every single one in an ultra pro magnetic holder! WOO HOO!

Keep 1 and sell the others for 20 k

Ant believe I can’t believe this is real

[TheWrightStuff]

Looks like prices on some of the cards are coming down.

[badlarrys]

We should all message and have them boost that up to 4999 obo.

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[SupermanBrandon]

Let's talk about the assumed Gary V endorsement pump...

What would he actually endorse to his followers? Typically he endorses the easier to get, smaller priced items. He pimps $50, $100, etc cards. Mass quantities that are more on the low end. So in theory he should be pimping the previously/more recently released Baller/Thiele Trouts, the Jeter Taylor/King, and so on. As well as high print runs that already in hand or a recent example of McGwire Blake thats not in hand. And I could see him endorsing buying from Topps on release day moving forward. But I wouldn't expect him to spend much time on the lower print run Gwynns, Koufax, JK5s, etc of the world (expect for the Ichiro Baller & Trout Ermsy). But thats not his thing. In the card market, he typically doesn't pimp expensive hard to find products. IE Acuna & Soto Update PSA 10s, Giannis & Luka PSA 10s around release, etc. But his endorsement (assuming he's going to give one) should raise all prices. I just don't see them effecting the higher end stuff, as much in the beginning.

[Soxfanguy]

Originally Posted by TheWrightStuff

Looks like prices on some of the cards are coming down.

It’s like a tsunami

Tide comes in, and then there’s the wave

[pryantexas]

Between the time of buying them for $34 combined and them arriving today the combined market value is $500

Project 2020 ain’t no joke... but I still don’t buy into the long term hype

Proud to say I bought the first 80 and will have sold most of them. These are in the for sale pile for sure. Just have to get organized about “when”


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