Michael Jordan RC, PSA 10, shatters 100k !!! - Page 136

Thirsty Whale · 03-26-2021, 08:32 AM

When Fleer PSA 10 was a 100K card last time (2020 October) BTC was 13K, so it did cost about 8 BTC's.

Right now BTC is around 50K and it would cost me 8-9 BTCs to get one, the same as it cost a few months ago. If it would drop to 100K again, it would cost only 2 BTCs. I don't see it happening.

I don't want to start a debate about cryptos, I just wanted to point out that there is correlation between trading card prices and other alternative investment markets and inflation.

Willikn · 03-26-2021, 08:41 AM

Quote:

Originally Posted by GatorPie

You have to be specific if you want to have a fun debate. I'm sticking my neck out there on the floor of the 57, all in the next six months:

PSA 8: $4,500

A Fleer #57 PSA 8 will be roughly the same price as a LeChrome PSA 8 RC? It will be a lot cheaper than a Curry Chrome PSA 8?

That will be strange indeed.

shu4040 · 03-26-2021, 08:44 AM

Quote:

Originally Posted by KhalDrogo

PSA 8: $13k
PSA 9: $35k
PSA 10: $600k

This is a fun game. I’m at like 80% of KD

PSA 8: 10K
PSA 9: 30K
PSA 10: 350K

If 10s drop too much, some of the recent purchasers will purchase more to protect their original and cost avg down

If 9s got down to 13K like suggested, unless there is some other global event, they’d be getting snatched up a ridiculous rate that supply would dry up so fast

Sent from my iPhone using Tapatalk

GeechQuest · 03-26-2021, 08:45 AM

Quote:

Originally Posted by kefskala

Like you said I would be driving a Ferrari if I knew... if you would have posted one year ago the the #57 psa 10 would be a 500K card in 8 months you would have gotten crucified...Demand is everything, people want what you have, the number of 500k for a psa 10 57 looks like it will stick, now up or down 10-15%? but 100K no way....

Why does it look like it will stick? I can make compelling arguments both directions.

Even with the doubling of PSA 10 offerings in Q1, still very few have cashed in relative to the supply. Should the people who bought in sub $30K want to buy Dave’s wife a new car, you could have a short term supply flood (we haven’t seen it yet) that pushes pricing lower.

We’ve seen a doubling in offerings, so more people than normal for this card are currently cashing in.

KhalDrogo · 03-26-2021, 08:46 AM

Quote:

Originally Posted by GeechQuest

Why does it look like it will stick? I can make compelling arguments both directions.

Even with the doubling of PSA 10 offerings in Q1, still very few have cashed in relative to the supply. Should the people who bought in sub $30K want to buy Dave’s wife a new car, you could have a short term supply flood (we haven’t seen it yet) that pushes pricing lower.

We’ve seen a doubling in offerings, so more people than normal for this card are currently cashing in.

Yes please!

Don't worry, she's not getting the car. But it's a weekly battle fighting off selling cards to buy things like that.

2010GBPackers · 03-26-2021, 08:46 AM

Quote:

Originally Posted by GatorPie

Fair enough, I appreciate your responses. I've stuck my neck out, I'd like to see some other people do the same so we can have fun revisiting this in six months. What do YOU think the values of the 57 will be in six months? Anyone else is welcome to fill these numbers out. Closest person in six months wins a set of steak knives.

PSA 8:
PSA 9:
PSA 10:

In 6 months -

PSA 8: $15k
PSA 9: $40k
PSA 10: $550k

sebreg · 03-26-2021, 08:49 AM

Quote:

Originally Posted by 2010GBPackers

In 6 months -

PSA 8: $15k
PSA 9: $40k
PSA 10: $550k

Seems a fair guess. The market doesn't crumble, but neither does it keep zooming. I'd bet on a period of retrenchment. Long run I like the cards ($-wise), but after such a run-up and covid cooling down think there will be stabilization for a good while.

GeechQuest · 03-26-2021, 08:52 AM

Quote:

Originally Posted by KhalDrogo

Yes please!

Don't worry, she's not getting the car. But it's a weekly battle fighting off selling cards to buy things like that.

I do not envy that position, but I’m generally a “buy everything as cheap as possible so I can have more card money” kind of guy.

KhalDrogo · 03-26-2021, 08:55 AM

PSA 10 is what moves the rest of the 57 market. PSA 10 supply needs to tighten up. Too many hitting the market at the same time, even in the same auction. Once the card isn’t available every day, it will rise again. So probably a little more downward action to come.

Gridiron Bob · 03-26-2021, 09:09 AM

Quote:

Originally Posted by GatorPie

Fair enough, I appreciate your responses. I've stuck my neck out, I'd like to see some other people do the same so we can have fun revisiting this in six months. What do YOU think the values of the 57 will be in six months? Anyone else is welcome to fill these numbers out. Closest person in six months wins a set of steak knives.

In 6 months?

PSA 8: $11,500
PSA 9: $57,000
PSA 10: $230,000

I could use a new set of steak knives. Thanks for the contest!

sebreg · 03-26-2021, 09:11 AM

Quote:

Originally Posted by Gridiron Bob

In 6 months?

PSA 8: $11,500
PSA 9: $57,000
PSA 10: $230,000

I could use a new set of steak knives. Thanks for the contest!

So thinking the 10s take the biggest haircut?

Gridiron Bob · 03-26-2021, 09:15 AM

Quote:

Originally Posted by sebreg

So thinking the 10s take the biggest haircut?

Too low? I was just throwing numbers out there. Who the hell knows what's gonna happen in the next 6 months. Definitely not me. I don't even know what I'm going to have for lunch today.

sebreg · 03-26-2021, 09:24 AM

Quote:

Originally Posted by Gridiron Bob

Too low? I was just throwing numbers out there. Who the hell knows what's gonna happen in the next 6 months. Definitely not me. I don't even know what I'm going to have for lunch today.

hahaha!!! Yeah same though, the heck do I know, wish I had a crystal ball...

GatorPie · 03-26-2021, 09:53 AM

Thanks for playing along fellas, this will be fun to watch.

GOATcards · 03-26-2021, 10:16 AM

Quote:

Originally Posted by GatorPie

Do you realize the size of the amount of money you are arguing for a card? Half a million plus? There are NOT enough people in the entire world that want that card at that price to keep values that high, which is why it’s dropping and will continue to do so.

And why? Yet again, because there are too many. If there were 25 PSA 10’s, that would be different.

The T206 Wagner is a superior investment in every respect because there are so few to go around. Same with Mantle in higher grades.

I'm not disputing any of this, but you were saying that these are prices we may never again see in our lifetimes, which is why I presented my analysis re long-run returns on this asset class regardless of supply, and I factored the even-higher returns on the even-rarer items into my analysis. (True enough, in the dotcom-bubble era, '98-00, there were only around 50 of the 10s compared to over 300 today. At the same time, the "market cap" on the high-end TPG'd #57s is in the hundreds of millions today, which seems to me to mean a lot of potential upside in the future given just how much wealth there is out there, like in the tens of trillions.)

GOATcards · 03-26-2021, 10:27 AM

Quote:

Originally Posted by GatorPie

Fair enough, I appreciate your responses. I've stuck my neck out, I'd like to see some other people do the same so we can have fun revisiting this in six months. What do YOU think the values of the 57 will be in six months? Anyone else is welcome to fill these numbers out. Closest person in six months wins a set of steak knives.

PSA 8: $8k
PSA 9: $24k
PSA 10: $275k

sportsyard · 03-26-2021, 03:54 PM

Psa 10 = $400,000
psa 9 = $45,000
psa 8 = $15,000

Gridiron Bob · 03-26-2021, 04:03 PM

Is it possible for a celebrity to have the card re-slabbed with their name on the label like they do with certain collections? And if they do allow it, would it bump up the price of the card should it go on the block?

interestingcool · 03-26-2021, 04:37 PM

Quote:

Originally Posted by Gridiron Bob

Is it possible for a celebrity to have the card re-slabbed with their name on the label like they do with certain collections? And if they do allow it, would it bump up the price of the card should it go on the block?

I mean, of course it would. Would the TPGs offer this? And should they? That's another 2 questions.

gnrsportz · 03-26-2021, 04:49 PM

Quote:

Originally Posted by Gridiron Bob

Is it possible for a celebrity to have the card re-slabbed with their name on the label like they do with certain collections? And if they do allow it, would it bump up the price of the card should it go on the block?

Here is the Service from PSA -

Pedigree Service
A service that will allow collectors to personalize their labels. For example, the "John Doe Collection" may appear on the PSA label. This will be offered on a case by case basis, reserved for “special” cards and/or sets that must meet certain high-end or rare criteria. Pedigree requests must be pre-approved prior to submission. Final approval is at PSA's sole discretion. Please contact Customer Service for details and instructions.

pcptrade · 03-26-2021, 04:55 PM

Quote:

Originally Posted by Gridiron Bob

Is it possible for a celebrity to have the card re-slabbed with their name on the label like they do with certain collections? And if they do allow it, would it bump up the price of the card should it go on the block?

Quote:

Originally Posted by gnrsportz

Here is the Service from PSA -

Pedigree Service
A service that will allow collectors to personalize their labels. For example, the "John Doe Collection" may appear on the PSA label. This will be offered on a case by case basis, reserved for “special” cards and/or sets that must meet certain high-end or rare criteria. Pedigree requests must be pre-approved prior to submission. Final approval is at PSA's sole discretion. Please contact Customer Service for details and instructions.

BGS offers it too

https://www.beckett.com/grading/pedigree-personalized

Beckett Grading Services is now offering a Personalized Label option on Grading and Authentication.
For a $3 additional fee per card (minimum 10 cards, quantity discounts available for 50+ cards), in addition to standard grading fees, customers may now add a single line of text (up to 28 characters) to their grading labels. This option applies to either fully graded cards or Authentic-Only services.

Some examples of personalized text may include the submitter's name/pedigree ("The James Smith Collection"), greetings ("Happy 50th Birthday, Dad!"), awards ("Dallas League Champions"), specific factory serial numbers ("Jersey #34/50", "#1/10,000"), or other descriptions. Text may not be offensive or misleading, nor suggest an artificially limited nature of the product. Beckett Grading Services reserves the right to reject any personalizations at our discretion.

sebreg · 03-26-2021, 05:20 PM

Quote:

Originally Posted by Gridiron Bob

Is it possible for a celebrity to have the card re-slabbed with their name on the label like they do with certain collections? And if they do allow it, would it bump up the price of the card should it go on the block?

I believe former baseball pro Dmitri Young had this done with his cards.

sportsyard · 03-31-2021, 11:14 PM

BGS 9 just sold for $20k, not a great comp

dumars2001 · 04-01-2021, 02:53 AM

Quote:

Originally Posted by sportsyard

BGS 9 just sold for $20k, not a great comp

True, but a bgs 7.5 just sold for $8500 today and another 7.5, 2 days ago, sold for $11,100. Just collectors cherry picking cards these days with the difference in prices in all grades every day.

Yankees2020 · 04-01-2021, 05:06 AM

100K?

A few short years back in the National in Baltimore in PSA 10 they were sitting in people's showcases for $3500! lol

When will this bubble just pop?

03-26-2021, 08:32 AM	#3376
Thirsty Whale Member Join Date: Aug 2019 Location: Europe Posts: 350	When Fleer PSA 10 was a 100K card last time (2020 October) BTC was 13K, so it did cost about 8 BTC's. Right now BTC is around 50K and it would cost me 8-9 BTCs to get one, the same as it cost a few months ago. If it would drop to 100K again, it would cost only 2 BTCs. I don't see it happening. I don't want to start a debate about cryptos, I just wanted to point out that there is correlation between trading card prices and other alternative investment markets and inflation. Last edited by Thirsty Whale; 03-26-2021 at 08:43 AM.

03-26-2021, 04:03 PM	#3393
Gridiron Bob Member Join Date: Feb 2010 Location: Left forgotten in your basement Posts: 425	Is it possible for a celebrity to have the card re-slabbed with their name on the label like they do with certain collections? And if they do allow it, would it bump up the price of the card should it go on the block? __________________ Three things to remember about this hobby: 1. It's just cardboard 2. Your collection = your rules 3. Enjoy and cherish what you already have

03-26-2021, 08:55 AM	#3384
KhalDrogo Member Join Date: Aug 2017 Posts: 41,118	PSA 10 is what moves the rest of the 57 market. PSA 10 supply needs to tighten up. Too many hitting the market at the same time, even in the same auction. Once the card isn’t available every day, it will rise again. So probably a little more downward action to come.

03-26-2021, 09:53 AM	#3389
GatorPie Member Join Date: Jul 2018 Posts: 1,199	Thanks for playing along fellas, this will be fun to watch.

03-26-2021, 03:54 PM	#3392
sportsyard Member Join Date: Jan 2021 Posts: 669	Psa 10 = $400,000 psa 9 = $45,000 psa 8 = $15,000

03-31-2021, 11:14 PM	#3398
sportsyard Member Join Date: Jan 2021 Posts: 669	BGS 9 just sold for $20k, not a great comp

04-01-2021, 05:06 AM	#3400
Yankees2020 Banned - PBM Join Date: Oct 2020 Location: BlowoutCards Posts: 571	100K? A few short years back in the National in Baltimore in PSA 10 they were sitting in people's showcases for $3500! lol When will this bubble just pop?