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

[pcptrade]

If only one shows up for auction. When was the last sale of a BGS 10? How many PSA 10's have sold since then?

Originally Posted by GOATcards

Why would anyone think that a BGS 10 black label #57 would go for less than $1M?

This is BO! What else would you expect here

[GOATMJ]

Originally Posted by Hilton

I also remember a Jordan fleer bgs 10 rookie didn’t meet its reserve price of $60,000 in heritage auctions back in October 2014.

A LOT has changed since 2014. A BGS 10 Fleer RC Jordan is no doubt a 7 figure card. And no, I am not pumping the card. I don't own a single Fleer MJ RC.

[r338]

Seven days ago, a PSA 10 Jordan RC was a $230,000 card.

[sebreg]

Yeah, to me easy bet that the BGS 10 is a mil card. I don't own any Fleer MJ either but like to follow the sales as I think it's an indirect indicator of broader "card market" sentiment. And frankly, I don't ever plan on picking one up, it's just not what I tend to collect but I do understand and respect its importance and why people like to collect this card. The interesting thing that seems to be happening is the broader discrepancy between same grade pricing based on a card's visual appeal and underlying condition. Not all 10s created equally.

[2010GBPackers]

I'm going to go in the middle here. BGS has lost SOOOOO much credibility in the market since 2011/2014 that extrapolating BGS 10 sales from that time period makes no sense.

I think a BGS 10 #57 Jordan doesn't hit a million. However, it wouldn't surprise me if a Black Label would do $2M+.

[Hilton]

Originally Posted by r338

Seven days ago, a PSA 10 Jordan RC was a $230,000 card.

Exactly. 6 months from now I wouldn’t be surprised if it is a $100k or $150k card looking at its overall downward trend since end of January.

[pete2345]

Originally Posted by Hilton

Exactly. 6 months from now I wouldn’t be surprised if it is a $100k or $150k card looking at its overall downward trend since end of January.

The overall state of the Hobby will be pretty bad if that's the case.

[kefskala]

Originally Posted by pete2345

The overall state of the Hobby will be pretty bad if that's the case.

heritage sports auction closed a few hours ago. some of those closing prices was a pure shock. almost 50% discount. some great deals on some jordan inserts...but who knows what a deal is anymore...

[Hilton]

Originally Posted by pete2345

The overall state of the Hobby will be pretty bad if that's the case.

$150k is only a $62k drop from Jordan fleer psa 10 sale of $212k in iconic auctions 6-19-21.
Remember this card was worth only about $40k in March 2020 during the start of the pandemic.

[Hilton]

Originally Posted by kefskala

heritage sports auction closed a few hours ago. some of those closing prices was a pure shock. almost 50% discount. some great deals on some jordan inserts...but who knows what a deal is anymore...

Yes some of the shocking low sales:
Gretzky opeechee psa 9 rookie $144k
Jerry rice psa 10 rookie $75k
Jordan fleer rookie bgs 9.5(average quad 9.5) $39k
Bird magic psa 9 rookie $26k

[Shaz]

Originally Posted by kefskala

heritage sports auction closed a few hours ago. some of those closing prices was a pure shock. almost 50% discount. some great deals on some jordan inserts...but who knows what a deal is anymore...

Are you able to give some examples of inserts that you thought went cheap (genuine question)?


I was watching a few items and all except one went quite high.

[Philobeddo]

Originally Posted by Shaz

Are you able to give some examples of inserts that you thought went cheap (genuine question)?


I was watching a few items and all except one went quite high.

Quite a few of the refractors I saw went for super cheap… PSA 10 east/west went for $6300. I personally moved a Gem++ not long ago (maybe 2 months) for cash/card deal worth little over 11K. Without looking them up the finest w/coating PSA 10 seems cheap as well as several others


Sent from my iPhone using Tapatalk

[jterp5]

Originally Posted by Hilton

Yes some of the shocking low sales:
Gretzky opeechee psa 9 rookie $144k
Jerry rice psa 10 rookie $75k
Jordan fleer rookie bgs 9.5(average quad 9.5) $39k
Bird magic psa 9 rookie $26k

Isn't that Gretzky a strong price relative to the PWCC copy that sold ~ 1 week ago for 102k (https://premierauction.pwccmarketpla...mier-auction)?

[Hilton]

Originally Posted by jterp5

Isn't that Gretzky a strong price relative to the PWCC copy that sold ~ 1 week ago for 102k (https://premierauction.pwccmarketpla...mier-auction)?

Yeah that pwcc sale was very low too. These were selling for 200 plus few months ago.

[rj.cataldo]

Originally Posted by 2010GBPackers

I'm going to go in the middle here. BGS has lost SOOOOO much credibility in the market since 2011/2014 that extrapolating BGS 10 sales from that time period makes no sense.

I think a BGS 10 #57 Jordan doesn't hit a million. However, it wouldn't surprise me if a Black Label would do $2M+.

Agree very much with this. To me personally a BGS 10 holds relatively no premium over a psa 10. A black label holds a bit more because they are so exceedingly rare and non exist for this card, but 9.5 / 10 to me does very little


Sent from my iPhone using Tapatalk

[Hilton]

Originally Posted by rj.cataldo

Agree very much with this. To me personally a BGS 10 holds relatively no premium over a psa 10. A black label holds a bit more because they are so exceedingly rare and non exist for this card, but 9.5 / 10 to me does very little


Sent from my iPhone using Tapatalk

Agree PSA 10=BGS 10 to me.
Black label would be worth more since there are none so far.

[KhalDrogo]

I don't have any interest in paying more for a BGS 10 than a PSA 10, but a BGS 10 86F is absolutely worth more than a PSA 10. It would clear $1M easy at auction.

[rohara99]

Originally Posted by KhalDrogo

I don't have any interest in paying more for a BGS 10 than a PSA 10, but a BGS 10 86F is absolutely worth more than a PSA 10. It would clear $1M easy at auction.

This.

I think people are confusing what they would pay vs what others would pay if one came up for sale.

I almost exclusively PC BGS slabs these days and any BGS 10’s I’ve owned are quickly flipped.

[GOATcards]

Originally Posted by KhalDrogo

I don't have any interest in paying more for a BGS 10 than a PSA 10, but a BGS 10 86F is absolutely worth more than a PSA 10. It would clear $1M easy at auction.

I take it that your first part is about what you'd pay as a collector rather than a flipper. But why the dissing of BGS 10s if there's only 6 of them vs. 320+ PSA 10s?

(A BGS 10 black label 57 would be a holy-grail collectible so I assume you're referring only to a gold-label BGS 10....)

[sportsfanatic]

Originally Posted by Hilton

Yes some of the shocking low sales:
Gretzky opeechee psa 9 rookie $144k
Jerry rice psa 10 rookie $75k
Jordan fleer rookie bgs 9.5(average quad 9.5) $39k
Bird magic psa 9 rookie $26k

It really isn't that surprising given the downward trend of singles across the board the past few months. With the exception of some shilling going on here and there, everything has been down

[rogueriver]

Originally Posted by sportsfanatic

It really isn't that surprising given the downward trend of singles across the board the past few months. With the exception of some shilling going on here and there, everything has been down

Not everything it seems to me like the stuff I keep wanting for my PC is going up for the most part.... Jordan inserts have dropped a bit but not too bad, Griffey inserts have doubled in the last few months at least the rare ones

[Shaz]

Originally Posted by Philobeddo

Quite a few of the refractors I saw went for super cheap… PSA 10 east/west went for $6300. I personally moved a Gem++ not long ago (maybe 2 months) for cash/card deal worth little over 11K. Without looking them up the finest w/coating PSA 10 seems cheap as well as several others


Sent from my iPhone using Tapatalk

Yep - thats a good example.

The ones I was watching were $10k-$35k cards and they all achieved normal to high'sh prices.

[duron]

Originally Posted by Philobeddo

Quite a few of the refractors I saw went for super cheap… PSA 10 east/west went for $6300. I personally moved a Gem++ not long ago (maybe 2 months) for cash/card deal worth little over 11K.

People really need to stop comparing prices to the insane bubble peak. Why that point in time is considered sustainable is beyond me. 6k for that card, even in a psa 10, is WILD compared to where they were.

We should still all be quite content.

[Shaz]

Originally Posted by duron

People really need to stop comparing prices to the insane bubble peak. Why that point in time is considered sustainable is beyond me. 6k for that card, even in a psa 10, is WILD compared to where they were.

We should still all be quite content.

Good point - I think the comp should be circa Nov/Dec prices. Is that fair to say?

[FT35]

Originally Posted by GOATcards

But why the dissing of BGS 10s if there's only 6 of them vs. 320+ PSA 10s?

I think that it’s pop 6 tells you all you really need to know. With the BGS brand fading, most people (not all but most) would rather have this card in a PSA slab.

Honestly, some of the details about this recent sale raise some eyebrows for me. Going a half-million dollars above the previous PSA 10 sale—It’s almost like an attempt to revive the fading BGS brand. Grab everyone’s attention with an 800k sale and roll out a flashy new BGS 10 or even a Black Label—sell it for “more than PSA $” and get people thinking of sending higher end cards to BGS again for the shot at the money ball 10.

With PSA 10 prices in the 200-300k range, I think the BGS 10 premium was already paid with this particular 800k sale. I don’t think you’ll see it hit 1M until the rest of the PSA 10’s come up to a point where a 1M BGS 10 sale wouldn’t take a 700K bump from PSA 10 prices.