Pricing INSANITY

[StateEx]

Originally Posted by dashcol

I only buy singles and the occasional blaster. It’s easy to stay in the hobby, enjoy it all and not line the pockets of these breakers that are the largest reason prices are going up.

The occasional blaster satisfies the ripping urge.

COVID prices have also gotten me to trade a lot more and not buy and sell. A long lost art of the hobby, and the reason they are called trading cards.

Well said!

[Fryabusa]

I was gonna make my own thread but I'll complain here about a pricing issue I faced. One of the guys I collect is pretty obscure, has a handful of cards from the mid 2000. Anyway one of his printing plates turned up on Ebay and the seller wanted $50 for it. Probably not a crazy price but a little more than I wanted to spend. No option for an offer so I just watched it. Auction ended with no bids. A couple days go by and they don't relist it so I message them and ask if they still have it as I'd like to make an offer on it. Nothing. Several days go by and they relist it with a buy it now of $150. GTFO crazy ass seller.

[TimBuckTwo]

I bought 5 Topps Chrome Update megas. Around $280 after taxes.

I got a blue, 2 purple, a green and a auto for my troubles.

But it felt like a kick in the nuts. Doubtful I will be buying much wax going forward. Just singles. Let someone else throw their money away.

And these 5 boxes were like 150 a couple years ago.

[OneSickDegen]

Sealed wax prices have an extremely high ceiling (and much more room to grow) due to breakers. You can keep making threads about it tho.

[jlzinck]

Originally Posted by RedLabelRecords

Yea. I’m done with the hobby and with this website

Wow you last a whole 18 days

[JWBlue]

Originally Posted by OneSickDegen

Sealed wax prices have an extremely high ceiling (and much more room to grow) due to breakers. You can keep making threads about it tho.

Pretty good point.

One of these guys turns into Soto/Acuna and the prices will go up.

[HRderby22]

Originally Posted by TimBuckTwo

I bought 5 Topps Chrome Update megas. Around $280 after taxes.

I got a blue, 2 purple, a green and a auto for my troubles.

But it felt like a kick in the nuts. Doubtful I will be buying much wax going forward. Just singles. Let someone else throw their money away.

And these 5 boxes were like 150 a couple years ago.

As long as high print runs and high wax prices continue to outpace the value of singles, it's a tough road to hoe. I'm hoping we see some evening out in the months ahead.

[MoreToppsPlease]

Originally Posted by TimBuckTwo

I bought 5 Topps Chrome Update megas. Around $280 after taxes.

I got a blue, 2 purple, a green and a auto for my troubles.

But it felt like a kick in the nuts. Doubtful I will be buying much wax going forward. Just singles. Let someone else throw their money away.

And these 5 boxes were like 150 a couple years ago.

Too bad boxes weren’t as barren when the COVID flippers were doing their thing

[EldoEsq]

Originally Posted by TimBuckTwo

I bought 5 Topps Chrome Update megas. Around $280 after taxes.

I got a blue, 2 purple, a green and a auto for my troubles.

But it felt like a kick in the nuts. Doubtful I will be buying much wax going forward. Just singles. Let someone else throw their money away.

And these 5 boxes were like 150 a couple years ago.

I was at Target and found 2 of these...$108 with tax. If I found $5 worth of cards, I'd be very optimistic with my pricing.

Plus, the condition of the cards was horrible...75% of the cards were off center, and I think every card except the inserts had print lines.

Good times...next time I'll just pay a homeless guy $5 to kick me in the nuts and save $100

Sent from my SM-S906U using Tapatalk

[Cardboard Dawg]

Originally Posted by dashcol

I only buy singles and the occasional blaster. It’s easy to stay in the hobby, enjoy it all and not line the pockets of these breakers that are the largest reason prices are going up.

The occasional blaster satisfies the ripping urge.

COVID prices have also gotten me to trade a lot more and not buy and sell. A long lost art of the hobby, and the reason they are called trading cards.

Great post

[theplasticman]

Originally Posted by dashcol

I only buy singles and the occasional blaster. It’s easy to stay in the hobby, enjoy it all and not line the pockets of these breakers that are the largest reason prices are going up.

The occasional blaster satisfies the ripping urge.

COVID prices have also gotten me to trade a lot more and not buy and sell. A long lost art of the hobby, and the reason they are called trading cards.

I also stick to singles. It helps me enjoy the hobby the best I can.

[dani0100]

Wax is great...if you keep it unopened.

[mattglet]

Originally Posted by dani0100

Wax is great...if you keep it unopened.

Why would you keep it unopened?

[cardsin47]

Originally Posted by dani0100

Wax is great...if you keep it unopened.

Yup - can’t plummet in value when it’s contents are unknown….

[bigp621]

Originally Posted by RedLabelRecords

Yea. I’m done with the hobby and with this website

Awesome. Maybe the hobby and the site is done with you as well. Have a nice day.

[mossoholic]

Originally Posted by OneSickDegen

Sealed wax prices have an extremely high ceiling (and much more room to grow) due to breakers. You can keep making threads about it tho.

In the past when prices weren't sky high and had room to grow without a catalyst like Mahomes sure. How great is sealed wax doing this year for a normal buyer that can't get a money tree price? You had a few items that Topps priced low because they were new items they didn't know the market for. A couple online exclusives from Panini that if released now would be manipulated and sell out way higher. Almost everything else between 10% profit and 80% loss. If you bought a case at release of every single product released in 2022 how much would you be down? Over a million? Percentage wise what would you be down? 50%? 65%?

Hell, even buying a case of every FOTL released this year at only the floor price you'd be down right now. No one following this stuff the last few years would have thought that was possible but it has happened. What a high ceiling with room to grow!

I will agree this board is ridiculous now. Whether you people want to admit it or not everyone knows what is going on. But everyone has so much money into everything they aren't gonna say or admit it. They don't want prices to continue to tank. Anyone agreeing with new prices that are manipulated are just singing for their supper. Anyone that is saying buying any new hobby product at a manipulated price is a good buy has a vested interest in that product price not going down.

[Cardboard Dawg]

Originally Posted by mossoholic

In the past when prices weren't sky high and had room to grow without a catalyst like Mahomes sure. How great is sealed wax doing this year for a normal buyer that can't get a money tree price? You had a few items that Topps priced low because they were new items they didn't know the market for. A couple online exclusives from Panini that if released now would be manipulated and sell out way higher. Almost everything else between 10% profit and 80% loss. If you bought a case at release of every single product released in 2022 how much would you be down? Over a million? Percentage wise what would you be down? 50%?

Hell, even buying a case of every FOTL released this year at only the floor price you'd be down right now. No one following this stuff the last few years would have that that was possible but it has happened. What a high ceiling with room to grow!

I will agree this board is ridiculous now. Whether you people want to admit it or not everyone knows what is going on. But everyone has so much money into everything they aren't gonna say or admit it. They don't want prices to continue to tank. Anyone agreeing with new prices that are manipulated are just singing for their supper. Anyone that is saying buying any new hobby product at a manipulated price is a good buy has a vested interest in that product price not going down.

Damn.

[OneSickDegen]

Originally Posted by mossoholic

I will agree this board is ridiculous now. Whether you people want to admit it or not everyone knows what is going on. But everyone has so much money into everything they aren't gonna say or admit it. They don't want prices to continue to tank. Anyone agreeing with new prices that are manipulated are just singing for their supper. Anyone that is saying buying any new hobby product at a manipulated price is a good buy has a vested interest in that product price not going down.

I think largely people only post their hits when they beat the odds. For every banger box that hits some unicorn card there's like 50 people sitting on an ice cream cone. I still stand by my initial statement I've said several times in other threads: Breakers are buying 80%+ of new product because degens gonna deej

[mossoholic]

Originally Posted by OneSickDegen

I think largely people only post their hits when they beat the odds. For every banger box that hits some unicorn card there's like 50 people sitting on an ice cream cone. I still stand by my initial statement I've said several times in other threads: Breakers are buying 80%+ of new product because degens gonna deej

I'll say higher than 80%. With the vast majority being at a money tree price that could tank 50% in one day and they would still turn a profit. That's the reason they are buying it. Money tree price combined with high buyer cost to buy into breaks. Doesn't take a rocket scientist to figure it out.

You think BO, Platinum, Layton, Backyard, etc. are clamoring to buy new products at the artificially manipulated prices? I've bought a decent amount of product the last few years. To my knowledge not 1 breaker that gets a decent amount at money tree price has tried to buy product from me over the last year. Outside of the big 3. However, the big 3 barely buy anything now. Why do you think BO has stopped buying product from the secondary market? Buying at prices that aren't money tree price they can loss. SC went from a few months ago having a 40 page buy list to 5 pages. I think DAC still buys a decent amount. Most of it is 65-75% of ebay though and smaller quantities compared to a few months ago. 2 years ago there were countless products hobby, FOTL, and retail they were all paying 80-100% of ebay.

[TimBuckTwo]

Originally Posted by mossoholic

I'll say higher than 80%. With the vast majority being at a money tree price that could tank 50% in one day and they would still turn a profit. That's the reason they are buying it. Money tree price combined with high buyer cost to buy into breaks. Doesn't take a rocket scientist to figure it out.

You think BO, Platinum, Layton, Backyard, etc. are clamoring to buy new products at the artificially manipulated prices? I've bought a decent amount of product the last few years. To my knowledge not 1 breaker that gets a decent amount at money tree price has tried to buy product from me over the last year. Outside of the big 3. However, the big 3 barely buy anything now. Why do you think BO has stopped buying product from the secondary market? Buying at prices that aren't money tree price they can loss. SC went from a few months ago having a 40 page buy list to 5 pages. I think DAC still buys a decent amount. Most of it is 65-75% of ebay though and smaller quantities compared to a few months ago. 2 years ago there were countless products hobby, FOTL, and retail they were all paying 80-100% of ebay.

Explain money tree pricing?

[mossoholic]

Originally Posted by TimBuckTwo

Explain money tree pricing?

I'm sure you've read enough of my posts to know. Money tree price is what the few select 0.0001% of people in the hobby pay for hobby products. The vast majority of the time, especially in football, basketball, and soccer, those prices money tree members pay are way below the market value. The thing is money tree members have no interest in selling new products at market value. Why would you be fine with only making 1.5, double, triple, or four times your money? It's usually BO that creates an artificially manipulated price well above market value to sell hobby at that then virtually every time soon after release that price tanks. That is because the presale/initial price wasn't market value. Panini has allowed money tree members to use the never-ending money tree for 3 years straight. Because you know it makes perfect sense to watch other businesses presale your products for 2-12 times what they pay you for them weeks or months before Panini ships to them. Easy to sell products that sell for hundreds or thousands of dollars a box. Hundreds of products. For 3 years straight.

Topps money tree was much less profit for the members during this time but seems like Topps/Fanatics is now ending it or at the very least severely reducing it. Fanatics started charging higher prices to us months ago on online products. Took them less than a year to do it to the bums.

[mattglet]

Originally Posted by cardsin47

Yup - can’t plummet in value when it’s contents are unknown….

This is a good example of of preying on degenerate gamblers, of which there is already a smaller crowd... so you get stuck holding that box of hot potato.

Not to mention these days you can get a pretty good idea of what's NOT in the box: do research on whether or not the big superfractors (or any numbered cards) have been pulled, and then realize your astronomical odds of pulling what's left. Over time, as more of the product is opened, you can (and should!) easily be able to devalue any modern or ultra-modern box because there's relatively nothing left to pull.

[oldgoldy97]

Originally Posted by mattglet

This is a good example of of preying on degenerate gamblers, of which there is already a smaller crowd... so you get stuck holding that box of hot potato.

Not to mention these days you can get a pretty good idea of what's NOT in the box: do research on whether or not the big superfractors (or any numbered cards) have been pulled, and then realize your astronomical odds of pulling what's left. Over time, as more of the product is opened, you can (and should!) easily be able to devalue any modern or ultra-modern box because there's relatively nothing left to pull.

Also need to worry about redemptions and bricking.

[rfgilles]

Originally Posted by mattglet

This is a good example of of preying on degenerate gamblers, of which there is already a smaller crowd... so you get stuck holding that box of hot potato.

Not to mention these days you can get a pretty good idea of what's NOT in the box: do research on whether or not the big superfractors (or any numbered cards) have been pulled, and then realize your astronomical odds of pulling what's left. Over time, as more of the product is opened, you can (and should!) easily be able to devalue any modern or ultra-modern box because there's relatively nothing left to pull.

The chances of pulling any superfractor are extremely low to the point that it shouldn't factor into any decision to buy wax.

Whether or not a J-rod superfractor is available is no reason to overpay for wax.

[MiamiMarlinsFan]

Originally Posted by rfgilles

The chances of pulling any superfractor are extremely low to the point that it shouldn't factor into any decision to buy wax.

Whether or not a J-rod superfractor is available is no reason to overpay for wax.

You’re right, it shouldn’t, but you know there’s some real degenerates out there considering a hefty wax purchase and thinking to themselves, “Well… the J-Rod super hasn’t been pulled yet… one more bid!”