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

[Brent72]

Gotta admit I'm a little shocked it did almost $100k less than the ones at Goldin. The 9s both performed well at $79k and $78k so that's good to see...especially since I have one of those and don't have a 10.

[FT35]

Still a solid sale for that particular 10.

[Cal27]

Where did these buyers spending a record amount of money on cards come from? These astronomical numbers are unbelievable.

[JWBlue]

Originally Posted by Cal27

Where did these buyers spending a record amount of money on cards come from? These astronomical numbers are unbelievable.

My guess is NBA players.

[Stoiclife]

Originally Posted by Cal27

Where did these buyers spending a record amount of money on cards come from? These astronomical numbers are unbelievable.

Rappers, ballplayers, "influencers", Gary V followers with deep pockets, etc.

[kooky4cards]

Originally Posted by interestingcool

Haha I like it.

But seriously.. ok, the Mike Tyson Panini rookie. I owned one for a like a month and decided it was lame and sold it. No stats on the back, thing is paper thin, just felt like there was absolutely no substance to it. Definitely not a card. But the MJ.. to me it's a card... that happens to have a sticker on it.

The only time I consider the Fleer stickers to be "less than" traditional cards is when they have been peeled. For me, the fact that they are harder to find in nice condition makes them attractive. Also, as you had mentioned before, they have the highlights info on the back, which for me personally brings nostalgia of my early days of collecting as a kid, studying the stats and info on the card backs to learn all I could about those star players. I think it's that admiration of the sticker/card, as a whole, that kept some kids from wanting to peel and destroy those few survivors that we see encased in slabs today. That in and of itself adds to the intrinsic value of these oddball sticker cards. IMO anyway.

[kefskala]

good morning Jordonites, pretty solid sale yesterday and i personally have no issue with the psa 10 selling for almost 100,000 less. The card had a deep scratch in the lower part of the case and had a left edge issue. I know most collectors like to see a little hair on their edge I personally hate it.
the card needs to form a base and if 600-700k is the base so be it. the 1986 sealed case also sold for 100k less then goldin..but the 9's sold for 20k more.
so pricing is all over the board and we need more sales to establish the line in the sand.
Ever auction house has its own cliental, For me goldin specializes in sports cards, heritage does it all from coins and stamps to furniture and this could also be good and bad....So we move on and the next jordan watch, shifts back to goldin....Heritage also has another coming up next week....this is backing fun and another aspect of the hobby that really never existed but only for the Wagner card.....

[Mustang1990]

Any love for the 88 Fleer psa 10?? Very low pop of 540 going for a little bit above $10k right now

Same goes for 88 sicker psa 9 - pop of 233

[CelticsGuy]

very happy to see the SGC 9 hit $57.6K w the juice.

[vintg]

there was pretty good news last night...


re: # 59


heritage psa 10 hammered for $ 58,800

almost a 20% increase off of the previous high

[vintg]

Originally Posted by Brent72

Gotta admit I'm a little shocked it did almost $100k less than the ones at Goldin. The 9s both performed well at $79k and $78k so that's good to see...especially since I have one of those and don't have a 10.

I think this is another good, solid sign.

[2010GBPackers]

Originally Posted by 2010GBPackers

Anything in the 600-675k range wouldn't surprise me and I would deem appropriate. 800k+ range and below 600k would scare me. Either one of those scenarios would signal a lot of volatility with the card. It really doesn't effect the owners of the card, since it's more of a status symbol to a person who can drop that kind of cash, and they can easily absorb a $100k paper loss. But it would throw the PSA 8's and 9's into steep peaks and valleys as they try to find a market price.

Originally Posted by 2010GBPackers

A surge in the market followed by a correction still leaves everyone in a great position. I actually think a low sale (600k) would be more beneficial overall. Let's say is does only go for 600k. Well, the guys who just spent 732k aren't going to panic and sell; they have plenty of F-U money to just sit. However, other big players will look at that 600k sale and think it'd be a bargain to get the next one at 630k, then 660k and slowly up from there. Additionally, those with a PSA 10 would be less likely to sell since it's so far off of the 732k sale and they'd just sit it out. But, if the price comes in at 715k, there may be a panic to sell while the price is relatively close to the high water mark and you may see an influx of sellers offloading, trying to get near that price, therefore pushing the price lower and lower before it settles. In that scenario, it's harder to climb back up to the 732k price.

Just my opinion.

Looks like the #57 Jordan came in at about the correct price. For those who think it sold $100k lower than the Goldin Jordans because of it's condition, see the picture below. That was one of Goldin's 10's. Look at that centering.

While a dip in price was expected, I think the next sale is do or die for those PSA 10's. If you see another $50-100k drop off of the $645k sale, that could cause an influx of owners to sell fearing they're going to miss out on the money. We have to remember, the majority of owners of these cards are not multimillionaire/billionaire's so absorbing $100k paper losses will effect them more than for someone who that is pocket change to. The next 10 needs to be in the $650k range or we may see these drop to $350-400k.

Again, just my opinion.

[Slvnumber2]

Originally Posted by 2010GBPackers

Looks like the #57 Jordan came in at about the correct price. For those who think it sold $100k lower than the Goldin Jordans because of it's condition, see the picture below. That was one of Goldin's 10's. Look at that centering.

While a dip in price was expected, I think the next sale is do or die for those PSA 10's. If you see another $50-100k drop off of the $645k sale, that could cause an influx of owners to sell fearing they're going to miss out on the money. We have to remember, the majority of owners of these cards are not multimillionaire/billionaire's so absorbing $100k paper losses will effect them more than for someone who that is pocket change to. The next 10 needs to be in the $650k range or we may see these drop to $350-400k.

Again, just my opinion.

Great points and agree with the above statements. Jordan cards should be the most valuable in the hobby since he is the GOAT, and have been undervalued for a long time. Not a surprise that prices have risen with all of his cards. Another point is new money is in the hobby in the form of investors, sneakerbois, NBA players, Hollywood types... which is helping to drive the price up of his PSA 10, and for some of these guys $25-30k for a PSA 9 or $65-70k for a 9 so what they spend on an weekend getaway to an island with the family or better half.

Other part of this is the pumping up on social media and message boards every time one hits a new sales record or watching every price increase in real time. Some collectors who own these are helping push the prices with these actions. Next few weeks will be interesting leading up to AS weekend with football over after the SB and MLB not starting for another month or so. Basketball will have the stage all to itself - let’s see what prices do and how much of a base they form or decline. Jordan card $$ is definitely taking away from modern like Luka and Zion right now.

[thenwhatjk]

Can you see heritage completeds without an ID?

[tedwilliamsfan]

I'm just enjoying this ride. If prices level off, I'm fine with that. It is fun watching new records set almost every day though. Let's not forget what these MJ's could be had for just a month ago. Massive gains so far, but this still seems to be in its infancy to me over the long haul. Who knows?

[GTguy]

Well, it looks like we have seen the peak and now we are on the other side, which is not necessarily a bad thing. What's important now is where things settle. It will never go down to previous levels obviously, or even close, but how precipitous will the drop be?

[MJGOAT23]

Originally Posted by Slvnumber2

Great points and agree with the above statements. Jordan cards should be the most valuable in the hobby since he is the GOAT, and have been undervalued for a long time. Not a surprise that prices have risen with all of his cards. Another point is new money is in the hobby in the form of investors, sneakerbois, NBA players, Hollywood types... which is helping to drive the price up of his PSA 10, and for some of these guys $25-30k for a PSA 9 or $65-70k for a 9 so what they spend on an weekend getaway to an island with the family or better half.

Other part of this is the pumping up on social media and message boards every time one hits a new sales record or watching every price increase in real time. Some collectors who own these are helping push the prices with these actions. Next few weeks will be interesting leading up to AS weekend with football over after the SB and MLB not starting for another month or so. Basketball will have the stage all to itself - let’s see what prices do and how much of a base they form or decline. Jordan card $$ is definitely taking away from modern like Luka and Zion right now.

Plus Luka and moreso the Mavs are having a down year. Zion flying under the radar with 20+ ppg and ~60% FG essentially halfway into a rookie season with 45 games under his belt or whatever it is.

[vintg]

Originally Posted by 2010GBPackers

Looks like the #57 Jordan came in at about the correct price. For those who think it sold $100k lower than the Goldin Jordans because of it's condition, see the picture below. That was one of Goldin's 10's. Look at that centering.

While a dip in price was expected, I think the next sale is do or die for those PSA 10's. If you see another $50-100k drop off of the $645k sale, that could cause an influx of owners to sell fearing they're going to miss out on the money. We have to remember, the majority of owners of these cards are not multimillionaire/billionaire's so absorbing $100k paper losses will effect them more than for someone who that is pocket change to. The next 10 needs to be in the $650k range or we may see these drop to $350-400k.

Again, just my opinion.

as the saying goes, the only thing certain in life, is death and taxes.

I understand/ agree with the basic premise of your post, just not this particular sentence.

we "could" see 720, 645, ......615, .....700.....750

we "could" see 720, 645, ......660, ......600.....590

the answer is: nobody really knows jmho

[kefskala]

the answer is: nobody really knows jmho[/QUOTE]



thanks,,,this is the only real answer...we can analyze this to death but no one knows where this is heading.... enjoy your weekend and the super bowl..cheers jordanites!! great time to be a collector....

[rats60]

Originally Posted by thenwhatjk

Can you see heritage completeds without an ID?

No, you have to register with them and then sign in to your account.

[rats60]

Originally Posted by 2010GBPackers

Looks like the #57 Jordan came in at about the correct price. For those who think it sold $100k lower than the Goldin Jordans because of it's condition, see the picture below. That was one of Goldin's 10's. Look at that centering.

While a dip in price was expected, I think the next sale is do or die for those PSA 10's. If you see another $50-100k drop off of the $645k sale, that could cause an influx of owners to sell fearing they're going to miss out on the money. We have to remember, the majority of owners of these cards are not multimillionaire/billionaire's so absorbing $100k paper losses will effect them more than for someone who that is pocket change to. The next 10 needs to be in the $650k range or we may see these drop to $350-400k.

Again, just my opinion.

When Goldin started out, he chose to go after the high end modern market, especially basketball. The other AH were mostly vintage. So he has developed a base of buyers looking for cards like this. Now other AH like Heritage see the huge money in modern cards and are playing catch up. It is no surprise that this card sold for less. First the huge jump from under 300 to over 700 is tough to sustain. Second Heritage may not have the same number of high end modern buyers as Goldin. As long as the next card beats this Heritage sale, we can see the card solidifying in the 600-750 range. We will then see 9.5, 9, 8.5, etc. continue to move up to more traditional percentages of 10s.

[rainmaker]

Let’s be honest that sucker likely wouldn’t grade 9.5 by bgs with the centering issues. It’s possible that the folks going after it actually looked at the card before bidding. It’s also possible goldin auctions has buyers that push the bid button for the ‘rich person’ sight unseen to the actually payer. Much more buying the grade though this sale is also buying the grade not the card lol.

It’s also possible the market has peaked, though it’ll probably be temporary if a dip. And one sale certainly does not make a market. Can’t really evaluate the dust without a number of sales to look at.

All that said I have been ‘capturing’ some profits in the form of trading into high end comic books. Feel that market is much more stable long term. I’m not saying trade your #57 but if you can find a way to make something profitable that has gone up 5x, 8x or more there is absolutely nothing wrong with cashing out and moving on. Whatever happens from here you win at the game. I personally have trimmed about 30k worth of ‘gains’ this week out of my basketball collection and picked up some stuff I’d never have been able to otherwise get. All the better if you can do it in a non-taxable event.

[Towns322Wiggins]

dang...one lower sale and y’all are doom & gloom....it’s quite apparent who wants to speak a market decline into existence. This is the most sought after card in the freaking world. People want it, and will continue to pay up to obtain it.

[Stoiclife]

Originally Posted by Towns322Wiggins

dang...one lower sale and y’all are doom & gloom....it’s quite apparent who wants to speak a market decline into existence. This is the most sought after card in the freaking world. People want it, and will continue to pay up to obtain it.

Truth. If you look at the insane dollars people are throwing down for first year and second year players, the rookie MJ is still a value buy. It's this card and the 52 Topps Mantle for collecting grails.

[kefskala]

every one is focused in on the 1986 psa 10 and has forgotten that is was 220K last month. Love that no one is talking about all the other record breaking Jordan cards that hit records yesterday, don't get blinded...

1) 1985 nike psa 10 54,000
2) 1986 #57 PSA 8.5 44,400
3) Jordan Refractor psa 10 27,600 (this one is nuts)
4) 1986 #57 psa 9 79,000
5) 1987 psa 10 58,800
6) 1996 SPx MJ auto 60,000 (also nuts)
7)1997 metal red 480,000

so when you guys are crying chicken little look at the whole picture....