📈Is the correction over? What cards look attractive with an upside potential?📈

[Blazed]

Originally Posted by tjforce

The Trae Young market and a few others are still being shilled, but overall things are getting paid for and money is changing hands.

It might be tough for anyone who's holding the wrong stuff they bought at the right time, but if you are the right stuff, times are good again

Is that why some big players are unloading right now after pumping their collections?

It's funny they always do "private sales" until it's time to off load then they go to fanatics or goldin, then all of the sudden "record price" posts flood IG

I really like the "I have some extremely rare cards ending tonight on fanatics that you never see pop up for sale that are currently at steal prices. Don't miss your chance to get them before they go up in value and get locked away in collections" posts lol

Buy yeah, times are good!

[volblorx8634]

Originally Posted by Blazed

Yeah, he (his company) also does funding so people can buy cards they can't afford otherwise

I see a lot of people post mail days saying "I got funded through....." there's multiple companies who do the funding

It's crazy that people go take out loans (or how ever the funding works) to buy $10k+ cards so they can post on IG for ohhhhs and ahhhssss and likes, then they're trying to sell their holy grail a few weeks later

Too many dorks online seeking validation and attention by going into debt, that's the real problem with the "hobby" right now

Still not justified, but it’s the result of social media culture influencing the hobby plus people throughout collecting media (forums, instagram, podcasts, YouTube, etc) continuing to push the narrative of “important cards” and “cards that matter”. Social media is all about feeling like you belong. It takes a lot of discipline to spend hours a day alienated in an environment where you’re doing it all wrong because you’re collecting the junk.


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[packman80]

Anyone who thinks sports cards is a wise investment is either kidding themselves or a fool if they truly believe it. There is more gamble in sports cards then the stock market IMO. To many people get suckered into the few youtubers who buy a card then sell it for 10 times what they paid. More people then not are going to buy a card and lucky if they can later sell it for what they paid. If you want sports cards buy them because you enjoy them. Don't expect them to be a retirement fund. If you want a retirement fund put as much as you can into your 401K and talk to an advisor what is the best way to maximize your returns.

[boxbuster7]

Originally Posted by Blazed

Yeah, he (his company) also does funding so people can buy cards they can't afford otherwise

I see a lot of people post mail days saying "I got funded through....." there's multiple companies who do the funding

It's crazy that people go take out loans (or how ever the funding works) to buy $10k+ cards so they can post on IG for ohhhhs and ahhhssss and likes, then they're trying to sell their holy grail a few weeks later

Too many dorks online seeking validation and attention by going into debt, that's the real problem with the "hobby" right now

I would not be surprised if these loans are money losers 99%+ of the time

ain't no way ANYBODY is making money taking a loan from these sharks

[fabiani12333]

Originally Posted by volblorx8634

Still not justified, but it’s the result of social media culture influencing the hobby plus people throughout collecting media (forums, instagram, podcasts, YouTube, etc) continuing to push the narrative of “important cards” and “cards that matter”. Social media is all about feeling like you belong. It takes a lot of discipline to spend hours a day alienated in an environment where you’re doing it all wrong because you’re collecting the junk.


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This isn't a problem for true collectors who buy cards that appeal to them personally and can recognize which cards are unique and will be popular years into the future.

The social media dynamic in the hobby involves those who are attracted to cards for the wrong reasons -- they get false impressions about them being an easy way to make money. They don't actually care about the cards themselves -- just the things that surround them, like the hype and valuations.

[boxbuster7]

I just saw a jayden daniels downtown sell for $1,178 on ebay

I bet theres guys on sports card nonsense that drove all over their towns clearing out walmarts and targets paying $45 for donruss megas dozens of times trying to pull one

when in reality they could've just bought one for like 20 megas

[volblorx8634]

Originally Posted by fabiani12333

This isn't a problem for true collectors who buy cards that appeal to them personally and can recognize which cards are unique and will be popular years into the future.

The social media dynamic in the hobby involves those who are attracted to cards for the wrong reasons -- they get false impressions about them being an easy way to make money. They don't actually care about the cards themselves -- just the things that surround them, like the hype and valuations.

But which is it? Does a true collector buy what appeals to them or recognize the cards that are unique and will be popular years from now? These to me are completely unrelated to one another; cards can look great, be rare (obviously over-parallelization and saturation conversations are relevant), feature great photography, etc and still be worth $1 now and maybe even $.01 ten years from now. Certainly not popular. They can still be appealing to collectors. Sure, for some future value potential is an appeal factor for a card and the aforementioned cards may be unappealing. Are those people attracted to cards for the wrong reasons? Because it sure seems to me that the prevalent opinion of “experienced and knowledgeable” true collectors that create said social media dynamic go on and on about targeting the right, significant cards that will retain value over time. Seems like they’re in it to make money, and maybe the hype and ohhs and ahhs , just as much as anyone else.

I’ve just always found it so ironic why a card’s popularity moving forward means anything to a collector. I always thought collectors build their collections for their own enjoyment so for anyone to base their collection on how it’s perceived by others makes no sense to me.


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[tjforce]

Originally Posted by packman80

Anyone who thinks sports cards is a wise investment is either kidding themselves or a fool if they truly believe it. There is more gamble in sports cards then the stock market IMO. To many people get suckered into the few youtubers who buy a card then sell it for 10 times what they paid. More people then not are going to buy a card and lucky if they can later sell it for what they paid. If you want sports cards buy them because you enjoy them. Don't expect them to be a retirement fund. If you want a retirement fund put as much as you can into your 401K and talk to an advisor what is the best way to maximize your returns.

Or they've already proven that they can be wildly profitable doing it.

It might be rare, but it happens.

[tjforce]

Originally Posted by Blazed

Yeah, he (his company) also does funding so people can buy cards they can't afford otherwise

I see a lot of people post mail days saying "I got funded through....." there's multiple companies who do the funding

It's crazy that people go take out loans (or how ever the funding works) to buy $10k+ cards so they can post on IG for ohhhhs and ahhhssss and likes, then they're trying to sell their holy grail a few weeks later

Too many dorks online seeking validation and attention by going into debt, that's the real problem with the "hobby" right now

Originally Posted by Blazed

Is that why some big players are unloading right now after pumping their collections?

It's funny they always do "private sales" until it's time to off load then they go to fanatics or goldin, then all of the sudden "record price" posts flood IG

I really like the "I have some extremely rare cards ending tonight on fanatics that you never see pop up for sale that are currently at steal prices. Don't miss your chance to get them before they go up in value and get locked away in collections" posts lol

Buy yeah, times are good!

I think you explained it in the post above.

The money is out there and it's flowing to someone. Either it's all shilled or money is being created and going into someone else's account. Which is it?

[boxbuster7]

everybody that bought before the pandemic did fine

everybody that bought after did not

pretty simple

[Gem10collection]

Originally Posted by Gem10collection

Start of a new BULL run has started (actually started last year) for sports cards. I think the market is going to show quite resilient through the tariff tantrum which will give a lot of people confidence in the space. Five years from now prices will be a lot higher for the good stuff!

I'm going to say the price on the good stuff might Double by the end of the decade.

[fabiani12333]

Originally Posted by volblorx8634

But which is it? Does a true collector buy what appeals to them or recognize the cards that are unique and will be popular years from now? These to me are completely unrelated to one another; cards can look great, be rare (obviously over-parallelization and saturation conversations are relevant), feature great photography, etc and still be worth $1 now and maybe even $.01 ten years from now. Certainly not popular. They can still be appealing to collectors. Sure, for some future value potential is an appeal factor for a card and the aforementioned cards may be unappealing. Are those people attracted to cards for the wrong reasons? Because it sure seems to me that the prevalent opinion of “experienced and knowledgeable” true collectors that create said social media dynamic go on and on about targeting the right, significant cards that will retain value over time. Seems like they’re in it to make money, and maybe the hype and ohhs and ahhs , just as much as anyone else.

I’ve just always found it so ironic why a card’s popularity moving forward means anything to a collector. I always thought collectors build their collections for their own enjoyment so for anyone to base their collection on how it’s perceived by others makes no sense to me.


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The cards that are generally appealing to collectors are typically the most popular and valuable in the long run. Not always, of course, but overall that is the case.

The most popular and accomplished players have the most collectors collecting their cards. Likewise, the cards of the most popular and accomplished players command the highest prices.

Mature and sophisticated collectors tend to collect unique cards that hold long-term appeal -- not the stuff that gets hyped at release and declines in relevance and desirability over time. But the type of cards that people most want in their collections, which are often some of the most valuable cards.

Collectors also care about how much they spend on cards. They don't want to overpay for them. They want their cards to hold value long-term, because it shows they paid a fair price. So, factoring in the potential popularity of a card long-term is crucial in determining what price to pay for it in the present.

Social media influencers claiming they know which cards are best to invest in are using sales tactics to boost perceived values. They're creating the perception that certain cards should be more valuable because they are unique, rare and desirable. They may be right, but the point is to pump up values of certain cards.

[ninjacookies]

There's social media influencers at every level, not just lower to mid tier paupers trying to liquidate their Prizm bass/downtown holdings.

the27guy, Shyne, and many more are examples of dudes hovering in the 5-6 figure range (sometimes 7) who actively do anything and everything in their power to boost/preserve the values of their 'rare' grail gems. Oftentimes through the aforementioned 'private sales that never happened' tactics.

I mean, corruption occurs in every industry at every level. So long as there's money to be made, no landscape is going to be 100% on the up and up. I think that just goes without saying.

I think the tougher part when it comes to collectibles is proving the authenticity of sales, especially when they don't occur on reputable auction houses. And even if they do occur on auction houses, there can still be nefarious tactics involved to set a trickle down effect for people/groups having a monopoly on certain players/print runs.

All old news though. Not everything is fake. And not everything is authentic.

Real eyez recognize real liez.

[hermanotarjeta]

Originally Posted by Gem10collection

I'm going to say the price on the good stuff might Double by the end of the decade.

That sounds too good to be true.

Over 15% annual return is better than virtually all investments out there.

[Nomad]

It really has to do with whether basketball has another moment in the public imagination. This playoff was a good primer. But we lack good hungry players.

[hermanotarjeta]

Originally Posted by Nomad

It really has to do with whether basketball has another moment in the public imagination. This playoff was a good primer. But we lack good hungry players.

Also, it lacked the megastars that draw ratings.

[ninjacookies]

Tru financial dream catchers only present themselves but once every super flower blood moon.



If you know; you knew.

[Nomad]

Best thing I've seen in my feed in a couple weeks. Nothing like some righteous kick ass fire to ignite the crowd. Now Boston got Paul Pierce of all people sayin the Celtics do a bad job of developing talent and pointing to Double A as the prime example.

[volblorx8634]

Originally Posted by fabiani12333

The cards that are generally appealing to collectors are typically the most popular and valuable in the long run. Not always, of course, but overall that is the case.

The most popular and accomplished players have the most collectors collecting their cards. Likewise, the cards of the most popular and accomplished players command the highest prices.

Mature and sophisticated collectors tend to collect unique cards that hold long-term appeal -- not the stuff that gets hyped at release and declines in relevance and desirability over time. But the type of cards that people most want in their collections, which are often some of the most valuable cards.

Collectors also care about how much they spend on cards. They don't want to overpay for them. They want their cards to hold value long-term, because it shows they paid a fair price. So, factoring in the potential popularity of a card long-term is crucial in determining what price to pay for it in the present.

Social media influencers claiming they know which cards are best to invest in are using sales tactics to boost perceived values. They're creating the perception that certain cards should be more valuable because they are unique, rare and desirable. They may be right, but the point is to pump up values of certain cards.

I guess I should clarify that when I’m referencing social media and its influence I’m not referencing hype beasts or whatever, but more collectors that have been in the game for decades that have a larger platform now than they did ten years ago and built up this following that build them up as the all knowing models of how to collect, akin to the 27guy, cardladder type people Ninja alluded to.

Do you not see the incongruity in all this?

Best cards are more popular —> true/mature/sophisticated/elitist/whatever adjective collectors collect the best cards —> same collectors push the cards they like or own as the best cards on their highly followed platforms —> those cards become more popular so they’re the best

You say collectors want their cards to retain value so that they’re not overpaying for them in the long run (obviously $100 card collectors might view this much differently than $100,000 cards collectors), I think the past five years have really brought to light how much less of a hobby this is to most rather than an alternative investment. What hobbies are people concerned with maintaining or increasing their initial cost value? Skiers and snowboarders spend thousands a year on equipment, travel, lodging, lift tickets, meals, and more. Gamers spend thousands on rigs, games, subscriptions, accessories. Various types of crafters on supplies and equipment. Lego-ers on sets to build. Concert goers on shows, merch, and potentially travel. Golfers on their thing too. All burn hundreds or thousands of dollars with some level of regularity simply doing something they love. Granted none of these are collecting hobbies, but I feel Iike card collectors treat the concept of spending money on a hobby that turns into nothing but the product or experience you enjoy as absurd, immature, and useless, but isn’t that just kinda the definition of a hobby?


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[hermanotarjeta]

The alternative investment mentality is going to bite people in the rear.

[WaiverWire]

Originally Posted by Gem10collection

I'm going to say the price on the good stuff might Double by the end of the decade.

This is pretty meaningless (1) because what does “good stuff” even mean - the top 1% of cards or the top 0.1% of cards? (2) the cost of my groceries have doubled in the last five years so if it’s high inflation times we are living in, then doubling by the end of the decade might just mean treading water (and that’s before fees and taxes). For long term holds, if you aren’t subtracting inflation then you have no idea how you are actually performing (and I don’t mean the watered down inflation metric the government uses, I mean the old metric from the 80’s that actually includes housing, food, and stuff you actually buy).

[WaiverWire]

Originally Posted by hermanotarjeta

That sounds too good to be true.

Over 15% annual return is better than virtually all investments out there.

Narrator: it’s too good to be true. He’s basically saying if you remove the poor performers and ignore fees and ignore taxes, then you could theoretically get to 15% annual return gross. But who cares about gross when net is the only thing that matters? Also, what’s the good stuff? Because most people have a mixture of good stuff and stuff they thought was gonna be good stuff but is now just okay. Everyone’s portfolio looks great when you just remove all the loser picks and say “oh hey sorry that’s not the good stuff.” The good stuff got 15% annual returns but the bad stuff got -27% annual returns.

[hermanotarjeta]

Originally Posted by WaiverWire

Narrator: it’s too good to be true. He’s basically saying if you remove the poor performers and ignore fees and ignore taxes, then you could theoretically get to 15% annual return gross. But who cares about gross when net is the only thing that matters? Also, what’s the good stuff? Because most people have a mixture of good stuff and stuff they thought was gonna be good stuff but is now just okay. Everyone’s portfolio looks great when you just remove all the loser picks and say “oh hey sorry that’s not the good stuff.” The good stuff got 15% annual returns but the bad stuff got -27% annual returns.

We have master prognosticators here.

I remember during the pandemic boom, one bro called a tripling of Kobe auto prices by the end of the decade.

[jcardstore]

Originally Posted by WaiverWire

Narrator: it’s too good to be true. He’s basically saying if you remove the poor performers and ignore fees and ignore taxes, then you could theoretically get to 15% annual return gross. But who cares about gross when net is the only thing that matters? Also, what’s the good stuff? Because most people have a mixture of good stuff and stuff they thought was gonna be good stuff but is now just okay. Everyone’s portfolio looks great when you just remove all the loser picks and say “oh hey sorry that’s not the good stuff.” The good stuff got 15% annual returns but the bad stuff got -27% annual returns.

I've been saying this for years.

The flippers only count cards they profited on and anything else is "PC"... which is just code for I'd rather never sell than take a loss. So of course from that perspective you can never lose

I still maintain that there is virtually no money to be made flipping cards. The people who claim to have made all this money benefitted from a once in a lifetime liquidity event (covid) and will do nothing but lose money going forward because they don't understand that they just got lucky and weren't actually flip godz

[WaiverWire]

Originally Posted by hermanotarjeta

We have master prognosticators here.

I remember during the pandemic boom, one bro called a tripling of Kobe auto prices by the end of the decade.

Pretty much the only feedback I get on my sports cards is that my wife would really prefer I sell them before I die cuz she hates them. She doesn’t care how much money I get for them, or if they 2x, 3x, 10x, or lose money. She just hates them. Some day when I die (hopefully decades from now), she’s gonna put a few 100k worth of cards on the curb on trash day. Lol.