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

[Thirsty Whale]

Originally Posted by rats60

Not even close. I would bet that the people buying these have been buying multiples. They could be backing off now that it appears the 10s have peaked and are correcting. The guy who paid 738k for an off centered Jordan made a terrible buy.

I agree. I think it's a smart decision to buy more when prices go down, so you can make your average price better.

[kefskala]

Originally Posted by Slvnumber2

Except there are only 6 Mantle rookies in PSA 9 while there are 322 and counting PSA 10 Jordan’s. Not to mention close to 3000 PSA 9’s, and many raw and unopened Jordan’s to come. Jordan rookies or unquestionably the best basketball card you can buy, but they are also being hyped up by collectors that own them trying to make a buck.

The pair of PSA tens that went for 738,000 two weeks ago most likely had some help, and if you look at all the cheerleading and fan boys on here promoting the card that tells you all you need to know about it. Notice how those same posters are not on here talking about the drop to $600,000 in price, Or they are making excuses like “it was not high-end PSA 10.”

It is an amazing card that every collector should and would want to own, and at the same time it also disappointing that people pump it up unnecessarily to try and make a buck. Sports cards should naturally appreciate, and the collector should also be smart - when a card goes from $200,000 to 700,000 in a few weeks for no apparent reason and is not a low pop card they should beware. Low pop is not 322 examples

You have been smearing negative facts for almost three weeks. when trying to make a point please get your facts straight. And dont use anecdotal numbers.....pop report psa 9 2766, psa 10 315.... and counting? yep like i said before they will be felling from the sky...this is why i stopped posting on this thread....cant stand people that post b/s

[2010GBPackers]

Originally Posted by 2010GBPackers

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.

This was my post after the $645k sale. While we didn't see a $50-100k drop from the $645k sale ($30k drop), the #57 Fleer Jordan PSA 10 should settle around the $400-500k mark, just above my initial guesstimate.

Originally Posted by Slvnumber2

Except there are only 6 Mantle rookies in PSA 9 while there are 322 and counting PSA 10 Jordan’s. Not to mention close to 3000 PSA 9’s, and many raw and unopened Jordan’s to come. Jordan rookies or unquestionably the best basketball card you can buy, but they are also being hyped up by collectors that own them trying to make a buck.

The pair of PSA tens that went for 738,000 two weeks ago most likely had some help, and if you look at all the cheerleading and fan boys on here promoting the card that tells you all you need to know about it. Notice how those same posters are not on here talking about the drop to $600,000 in price, Or they are making excuses like “it was not high-end PSA 10.”

It is an amazing card that every collector should and would want to own, and at the same time it also disappointing that people pump it up unnecessarily to try and make a buck. Sports cards should naturally appreciate, and the collector should also be smart - when a card goes from $200,000 to 700,000 in a few weeks for no apparent reason and is not a low pop card they should beware. Low pop is not 322 examples

Totally agree. The Jordan on the left sold for $738k, the one on the right, $615k. Which one would you consider the "higher-end" example?

[Hellcat]

Originally Posted by airharrison21

Not even registered mail? I have never used that service but it says you can insure up to 50k and the entire commute the package is locked up. Each worker has to sign off on it when it’s passed off to the next person. Seems safe. I’m not a big fan of usps either but It seems like the safest. Figured I’d ask here since I’m sure many people here have shipped high dollar cards.

Are you a home owner? If not go registered mail I agree that is the most secure service available. I just use FedEx because I’m a homeowner and have enough insurance in case it gets stolen/fire etc.

[Hellcat]

Wow the one 10 is horribly off centered can’t believe it brought over 250k.

[Slvnumber2]

Originally Posted by kefskala

You have been smearing negative facts for almost three weeks. when trying to make a point please get your facts straight. And dont use anecdotal numbers.....pop report psa 9 2766, psa 10 315.... and counting? yep like i said before they will be felling from the sky...this is why i stopped posting on this thread....cant stand people that post b/s

Wow - are you going to cry on here or what. Sorry you don’t like someone giving a dose of reality to the pumpers trying to take advantage of people. You and others have taken an amazing card like a Jordan rookie and pumped and promoted it like a teenage girl at a Justin Bieber concert. Go look at your posts during the Goldin auction every time it hit a new number you were on here posting and celebrating. Quite comical - almost like you are a barker for Goldin.

Using numbers off the top of my head for a pop where I said 322 but it was 315 - that is the best you can come up with? I have been collecting a long time and handle major cards and unopened and call it like I see it. When I see people promoting stuff that does not make sense I speak up. Card goes from $200k to $700k and always with the same seller - nothing suspicious there. Same thing happened in 2016 where people paid $150k for a Clemente rookie and $80k for a Koufax rookie - amazing those outliers never held up and you can buy those same cards for a 1/3 the price. Maybe you quit posting because you were done pumping and promoting and on to the next mark. Basketball flippers go from Luka to Jordan to Kobe to now D Wade... They don’t collect - they just pump and move on to the next player. Keep up the good work 😉

[wharfrat7624]

Originally Posted by Hellcat

Are you a home owner? If not go registered mail I agree that is the most secure service available. I just use FedEx because I’m a homeowner and have enough insurance in case it gets stolen/fire etc.

I thought homeowner policies don't cover collectibles?

[kefskala]

Originally Posted by Slvnumber2

Wow - are you going to cry on here or what. Sorry you don’t like someone giving a dose of reality to the pumpers trying to take advantage of people. You and others have taken an amazing card like a Jordan rookie and pumped and promoted it like a teenage girl at a Justin Bieber concert. Go look at your posts during the Goldin auction every time it hit a new number you were on here posting and celebrating. Quite comical - almost like you are a barker for Goldin.

Using numbers off the top of my head for a pop where I said 322 but it was 315 - that is the best you can come up with? I have been collecting a long time and handle major cards and unopened and call it like I see it. When I see people promoting stuff that does not make sense I speak up. Card goes from $200k to $700k and always with the same seller - nothing suspicious there. Same thing happened in 2016 where people paid $150k for a Clemente rookie and $80k for a Koufax rookie - amazing those outliers never held up and you can buy those same cards for a 1/3 the price. Maybe you quit posting because you were done pumping and promoting and on to the next mark. Basketball flippers go from Luka to Jordan to Kobe to now D Wade... They don’t collect - they just pump and move on to the next player. Keep up the good work 😉

you are 100% rite I couldn't agree with you more...nothing like pumping a 700K card.....and this all started almost 1 year ago that the card shouldnt be 100K...and stop making comparisons to baseball those outliers have no relevence....done...

[Hellcat]

Originally Posted by wharfrat7624

I thought homeowner policies don't cover collectibles?

Mine does you have to look into your policy. Call your agent. My policy just states personal property and a sports card is personal property. Before I sent off my Brady Champ Ticket a few months ago I was insured on it for 500k. Of course plenty of documentation even videoed the card being sent at FedEx.

[Slvnumber2]

Originally Posted by 2010GBPackers

This was my post after the $645k sale. While we didn't see a $50-100k drop from the $645k sale ($30k drop), the #57 Fleer Jordan PSA 10 should settle around the $400-500k mark, just above my initial guesstimate.



Totally agree. The Jordan on the left sold for $738k, the one on the right, $615k. Which one would you consider the "higher-end" example?

Some rich guy got suckered into the PSA 10 OC for $738k. These guys probably know nothing about cards and were told you need to get this for your portfolio. Give me “x” to spend and I will make sure we get these before they go to $1million. 8’s have gone down to low $20’s and below and 10’s are down around 20%. Smart money getting our early and letting the suckers take the bait.

Flippers make videos on YouTube and tell people exactly what they are going to do and people still fall for it. They buy up a player quietly then start selling and talk about how the stuff is on fire (Kobe, Lebron...) then the followers scoop them up at a higher price while the flippers move on to D Wade, Duncan.. once they get a stash there they promote and sell. The key is they need to ahead of everyone else in buying them up - acquire - hype - promote - sell - move on to next target.

[Hellcat]

^^^Agree to a certain degree but you can’t vere too far from the GOATs you will get burned.

[cardrcomeback]

Originally Posted by Slvnumber2

Wow - are you going to cry on here or what. Sorry you don’t like someone giving a dose of reality to the pumpers trying to take advantage of people. You and others have taken an amazing card like a Jordan rookie and pumped and promoted it like a teenage girl at a Justin Bieber concert. Go look at your posts during the Goldin auction every time it hit a new number you were on here posting and celebrating. Quite comical - almost like you are a barker for Goldin.

Using numbers off the top of my head for a pop where I said 322 but it was 315 - that is the best you can come up with? I have been collecting a long time and handle major cards and unopened and call it like I see it. When I see people promoting stuff that does not make sense I speak up. Card goes from $200k to $700k and always with the same seller - nothing suspicious there. Same thing happened in 2016 where people paid $150k for a Clemente rookie and $80k for a Koufax rookie - amazing those outliers never held up and you can buy those same cards for a 1/3 the price. Maybe you quit posting because you were done pumping and promoting and on to the next mark. Basketball flippers go from Luka to Jordan to Kobe to now D Wade... They don’t collect - they just pump and move on to the next player. Keep up the good work 😉

Ding ding. Well said. Some people just don’t get it.

[GeechQuest]

Originally Posted by kefskala

GM Jordanites,

Another strong sale last nite at 600k, as stated here before. For me the bench mark for this card is 400K...If future sales continue above this number and 40% of the float is exchanged above this number the card is safe in value. We have had about 9 sales with auction houses and ebay sales the past two months above this number. And heritage has another one for sale already above this number. 20% of the float will never see day light as it is in private collectors hands that always had disposable income and most likely wont sale. That leaves 254 psa 10's for sale. 40% of that will be about 100 cards need to sell. Already 9 in just 2 months. With in a year those 100 should have exchanged hands and then card will dry up and new highs will happen...this will needs to happen for all grades of the RC for prices to keep escalating...if some one just paid 700K for a card they wont be selling at 600K. so this is who float dries up....and if someone paid 700K they dont need money and wont panic...basic economics....

Counterpoint:

If you owned a PSA 10 #57 why wouldn't you sell yours (assuming you didn't buy it recently it would be a hefty gain) to help "flood" the market. You would depress pricing and could buy it back later for less and pocket the difference?

It would be financially prudent to sell, realize gains, depress the price, and re-buy if you believe in the upward trajectory. Why wouldn't people who have gotten to where they are in their life by being financially responsible, all of the sudden be financially irresponsible when it comes to cards? It makes no logical sense.

[vintg]

last night's sale was $615k. and we're supposed to believe

the "sky is falling". c'mon ??? really ???

$615k is still pretty damn good. and ALOT of money I might add. LOL

[vintg]

Originally Posted by cardrcomeback

Haha you “think”?

Come on man, maybe you should admit when you’re wrong.

re: # 59 psa 9

yeah....it FINISHED at $ 9,840


I personally watched it get bid UP from $8,800 to $9,840

in the last 24 hours !!!


YOU SAID 5k by mid-week . LOL

can't reason with stupid.


....... "I" can't admit when wrong . OMG

[kefskala]

Originally Posted by GeechQuest

Counterpoint:

If you owned a PSA 10 #57 why wouldn't you sell yours (assuming you didn't buy it recently it would be a hefty gain) to help "flood" the market. You would depress pricing and could buy it back later for less and pocket the difference?

It would be financially prudent to sell, realize gains, depress the price, and re-buy if you believe in the upward trajectory. Why wouldn't people who have gotten to where they are in their life by being financially responsible, all of the sudden be financially irresponsible when it comes to cards? It makes no logical sense.

I was happy with the card valued at 20k and I’m happy with the current value... for most people money isn’t the world.... and these have been in collectors hands for years that can’t depart... now if the kids want to sell different story...

[GeechQuest]

Originally Posted by kefskala

I was happy with the card valued at 20k and I’m happy with the current value... for most people money isn’t the world.... and these have been in collectors hands for years that can’t depart... now if the kids want to sell different story...

That's true, for most people money isn't the world.

I'd just say that in regards to the boom we're experiencing it's purely financially driven. Nothing wrong with that, but it's not hardened collectors who have been doing this for multiple decades setting these record prices.

So the guys who were doing the financial thing with cards in 2018/2019/early 2020, it would behoove them to cash in.

If we are to believe it's hedge fund money and uber elite driving the card market (which is what we've been told for the past year, that cards are investment vehicles to the wealthy and an alternative asset class) those people make money both coming and going in markets. That's all I'm getting at.

You can make more money off of #57 selling and rebuying over and over, which is what market makers do anyway.

[vintg]

Originally Posted by tedwilliamsfan

If MJ's RC dropped to negative value, and I had to pay a fee each day to own one, I would pay that fee. The MJ 57 Fleer RC is my favorite card of all time. I cannot express how much I love this card. I've had the copy I have now since 2004 and it makes me happy to even think about the card and owning it. This is how strongly I feel about a piece of cardboard from 1986. Peace.

THIS.

I am a collector/investor..in that order.

I have 60 rental tenants. This is THERAPY for me !!! LOL

b/c I mainly collect vintage baseball HOF's, being a Chicago guy, Michael Jordan and Walter Payton will always hold a special place in my heart.

I was fortunate to start collecting them last year. Payton last january, and Jordan last may.

[kefskala]

With 60 rental units minus mortgages and expenses, if u have mortgages. You will be left with 20-30k monthly. Buy that psa 10 1987 you have been admiring...I have chosen cards over sports cars, and they have been a much more solid investment...

[Willikn]

Originally Posted by Slvnumber2

Basketball flippers go from Luka to Jordan to Kobe to now D Wade... They don’t collect - they just pump and move on to the next player. Keep up the good work 😉

You really need to broaden man. You are viewing #57 in a vacuum. It isn't just that card. It isn't just Jordan. It isn't just Fleer basketball in the 80's. It is the entirety of the decade that has realized a massive explosion.

I can buy that it is partially cause and effect from one serious pump job. An 88 Fleer Moses Malone just sold for $700. I bought mine for $22 a few months ago. I find it hard to stomach that a handful of rich guys targeted that card too.

[dumars2001]

Originally Posted by Slvnumber2

Wow - are you going to cry on here or what. Sorry you don’t like someone giving a dose of reality to the pumpers trying to take advantage of people. You and others have taken an amazing card like a Jordan rookie and pumped and promoted it like a teenage girl at a Justin Bieber concert. Go look at your posts during the Goldin auction every time it hit a new number you were on here posting and celebrating. Quite comical - almost like you are a barker for Goldin.

Using numbers off the top of my head for a pop where I said 322 but it was 315 - that is the best you can come up with? I have been collecting a long time and handle major cards and unopened and call it like I see it. When I see people promoting stuff that does not make sense I speak up. Card goes from $200k to $700k and always with the same seller - nothing suspicious there. Same thing happened in 2016 where people paid $150k for a Clemente rookie and $80k for a Koufax rookie - amazing those outliers never held up and you can buy those same cards for a 1/3 the price. Maybe you quit posting because you were done pumping and promoting and on to the next mark. Basketball flippers go from Luka to Jordan to Kobe to now D Wade... They don’t collect - they just pump and move on to the next player. Keep up the good work 😉

I have to agree with everything you say here. You seem to have laid it out exactly as it is happening!

[dumars2001]

Originally Posted by Willikn

You really need to broaden man. You are viewing #57 in a vacuum. It isn't just that card. It isn't just Jordan. It isn't just Fleer basketball in the 80's. It is the entirety of the decade that has realized a massive explosion.

I can buy that it is partially cause and effect from one serious pump job. An 88 Fleer Moses Malone just sold for $700. I bought mine for $22 a few months ago. I find it hard to stomach that a handful of rich guys targeted that card too.

Very good points.

[KB81]

Originally Posted by tedwilliamsfan

If MJ's RC dropped to negative value, and I had to pay a fee each day to own one, I would pay that fee. The MJ 57 Fleer RC is my favorite card of all time. I cannot express how much I love this card. I've had the copy I have now since 2004 and it makes me happy to even think about the card and owning it. This is how strongly I feel about a piece of cardboard from 1986. Peace.

This right here

Not 100% sure about paying a fee but I totally get the point you are trying to make.

To own a 2000 Playoff Contenders Tom Brady, 52 Topps Mantle or 1979-80 O-Pee-Chee Wayne Gretzky is a wet dream for most and rightfully so. You will own a piece of history. MJ 57 is that card to many.

There will be highs and lows - especially now in todays day and age with social media, pumpers and flippers but one thing remains constant above all... MJ is a GOAT and is respected by many. 57 will be a 1M card eventually but even if it drops to 20K for a PSA 10, which will never happen, those that have one and value MJ will always be happy regardless of price.

[dumars2001]

Originally Posted by vintg

last night's sale was $615k. and we're supposed to believe

the "sky is falling". c'mon ??? really ???

$615k is still pretty damn good. and ALOT of money I might add. LOL

It skyrocketed up to $738,000 and now in a couple of weeks to lose almost 20 percent of its value is a pretty substantial and telling thing/loss. There are now so many listings of this card on eBay, that the card is going down in price across the board, especially just in the past 3 or 4 days. I really hope that trend reverses course but I see it continuing to fall because of yesterday's sale of the PSA 10 taking a hit and for the fact that I keep saying that the market is now flooded with this card and the influx of sellers making there move to sell now. Just my 2 cents.

[Gridiron Bob]

Originally Posted by KB81

To own a 2000 Playoff Contenders Tom Brady, 52 Topps Mantle or 1979-80 O-Pee-Chee Wayne Gretzky is a wet dream for most and rightfully so. You will own a piece of history. MJ 57 is that card to many.

You got that right!