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

[TeeBee12]

Originally Posted by Gem10collection

Those days shall come again. Everything has its season.

You spotted their Tell. Make’em put their Oreo’s back up!

[Gem10collection]

Hmmm, so I'm the only one who has SOLD HEAVY the last two months?!?!

And everyone else thinks their cards are going to keep going up and up?!?!

[Torro]

Originally Posted by Gem10collection

Hmmm, so I'm the only one who has SOLD HEAVY the last two months?!?!

And everyone else thinks their cards are going to keep going up and up?!?!

If sold and don’t use these funds to buy some other cards then be happy with your decision, and as you have still left some cards then surely you should hope the market to continue on uptrend, right?

I think it only matters if you are a flipper, or you planned to sell some stuff at some point, in that case it’s been good time to sell compared to the previous last couple years. As a collector this uptrend is not making me sell anything that I plan to keep in the first place.

[Gem10collection]

Originally Posted by Torro

If sold and don’t use these funds to buy some other cards then be happy with your decision, and as you have still left some cards then surely you should hope the market to continue on uptrend, right?

I think it only matters if you are a flipper, or you planned to sell some stuff at some point, in that case it’s been good time to sell compared to the previous last couple years. As a collector this uptrend is not making me sell anything that I plan to keep in the first place.

Stuff I sold were long-term investments. The stuff I haven't sold are also long-term investments that I feel the market hasn't fully appreciated but that will have its time in the limelight in the future. I do hope and do think the market will go down and I will use the cash I have to buy but otherwise I am just fine with just sitting and waiting and parking in a money market fund. What is very very surprising to me is that NO ONE is selling!

I learned so much from the blowout community in 17/18 when I was researching the space and feel indebted to blowout for that time. Me coming here and posting has nothing to with anything other than my attempt to give back to the community. However, I think a lot of the people who were active and contributing to blowout back then are mostly gone.

[Brazenways]

Appreciate the insight.

When you say no one is selling , what data points are you using. EBay volumes are up and that is with the proliferation of alternative platforms like whatnot growing by the day.

[minnesotachill]

There's still alot of underrated players and cards out there who's value has not changed much.

Giannis' market has been really stale outside of some of his higher end Kaboom Golds.

Jokic is a generational player. I know lots of people who think his values are still extremely low.

Kawhi looked incredible in the playoffs. Injuries are always a concern with him but if he stays healthy for a full season, people who invested in him will be smiling.

[Gem10collection]

Originally Posted by Brazenways

Appreciate the insight.

When you say no one is selling , what data points are you using. EBay volumes are up and that is with the proliferation of alternative platforms like whatnot growing by the day.

Anecdotal evidence mostly by scuttlebutting. Tracking this hobby's market condition is far more difficult than the financial markets. Sports cards and most alternative asset markets that are niche (think Art) require a network of reliable contacts to assess truly what is going on. Think of it almost as the AAII index or even the VIX but you have to do the leg work yourself and don't have a bloomberg terminal to just give you the number.

I have a feeling some people "in the know" are selling but are keeping it on the DL because if word got out that "so and so" is liquidating that might send tremors through the market. However, the rest of the hobby is toasting how smart they are, and how much they are making, and how this card, and this set, and this player are so undervalued, and how there is a lot of room for XYZ to go much higher over the next couple of years.

My 2 cents.

[mfw13]

Originally Posted by Gem10collection

Tracking this hobby's market condition is far more difficult than the financial markets.

Agreed, because sports cards are so diverse. At any given time, some segments of the market will be doing well and others will be struggling. That's why I tend to ignore posts that make claims about the entire hobby/market.....there really isn't such a thing....just lots and lots of different micro-markets and niches.

[Gem10collection]

Originally Posted by mfw13

Agreed, because sports cards are so diverse. At any given time, some segments of the market will be doing well and others will be struggling. That's why I tend to ignore posts that make claims about the entire hobby/market.....there really isn't such a thing....just lots and lots of different micro-markets and niches.

Don't want this to be echo chamber but I agree. Only thing, today so many of these micro-markets are trading at explosive all-time highs - achieved in a very short span of time in conformity with crypto and stock markets also trading at all-time highs.

[tjforce]

All time high by over $200k for the LeBron 2012 Prizm gold.

$793k.

[Gem10collection]

Originally Posted by tjforce

All time high by over $200k for the LeBron 2012 Prizm gold.

$793k.

Who is selling this ultra rare and iconic card and why are they selling it now?

[hermanotarjeta]

Originally Posted by tjforce

All time high by over $200k for the LeBron 2012 Prizm gold.

$793k.

Investment fund!

[duron]

Originally Posted by Gem10collection

Who is selling this ultra rare and iconic card and why are they selling it now?

Haven’t you already answered the latter?

[Gem10collection]

Originally Posted by duron

Haven’t you already answered the latter?

Would love to know the former.

[Torro]

Originally Posted by Gem10collection

Don't want this to be echo chamber but I agree. Only thing, today so many of these micro-markets are trading at explosive all-time highs - achieved in a very short span of time in conformity with crypto and stock markets also trading at all-time highs.

“So many of theses micro-markets trading at all-time high” could you please elaborate what exactly? Other than MJ and some Kobe stuff I don’t see much else (some specific high end stuff like Kabooms, Gold prizm, exquisite what else)?

[Gem10collection]

Originally Posted by Torro

“So many of theses micro-markets trading at all-time high” could you please elaborate what exactly? Other than MJ and some Kobe stuff I don’t see much else (some specific high end stuff like Kabooms, Gold prizm, exquisite what else)?

But, the stuff you just named along with ultra rare 90's inserts and BC 1st auto's (both are up dramatically across the board) is exactly where all the value or market cap of the hobby is. There is also significant market cap in vintage or pre-80's and that space has not seen a huge uptick in prices and one couuuld say this might be an undervalued place in the hobby.

It's sort of like someone saying "oh, without the MAG 7 the S&P 500 would not be up much," but the MAG 7 makes up 1/3 of the market cap of the S&P 500 and its where all the dynamic, high growth, change the future of the world companies are.

lol, Ok, at this point if I have to convince someone that the card market is HOT maybe it's time for me to move on.

[hermanotarjeta]

All the cards that went up in price had the upside potential.

All the rest didn’t.

Please call me a genius.

[Gem10collection]

One random and very small example.

[Blazed]

If the sports card industry was regulated this thread would be going in a whole different direction

Again, the only winners here are the sellers, auction houses, and the card funding services

A lot of big players in the hobby are selling because they're smart not because they need the money

[Gem10collection]

Originally Posted by Blazed

If the sports card industry was regulated this thread would be going in a whole different direction

Again, the only winners here are the sellers, auction houses, and the card funding services

A lot of big players in the hobby are selling because they're smart not because they need the money

100% agree with this. However, I look forward to the day when the hobby is regulated because a lot more serious money will come in and prices for ultra rare and desirable would take another leg up.

[RKH916]

What is it, exactly, that you want to regulate?

[Gem10collection]

Originally Posted by RKH916

What is it, exactly, that you want to regulate?

Individuals and groups not having the ability to shill their own items across multiple platforms would be a really nice start. Actually, this is probably the most important thing to do for the betterment of the hobby. Unfortunately, the sophistication and size of some of these groups would be shocking if discovered. Some of them are doing it right in front of your eyes.

[r338]

Originally Posted by Gem10collection

Individuals and groups not having the ability to shill their own items across multiple platforms would be a really nice start. Actually, this is probably the most important thing to do for the betterment of the hobby. Unfortunately, the sophistication and size of some of these groups would be shocking if discovered. Some of them are doing it right in front of your eyes.

You are not wrong on the shilling, but I think you are overestimating the reach of the Blowout forums. I imagine the self serving YouTube guys and IG accounts with a lot of followers are way more effective for shilling.

[Gem10collection]

Originally Posted by r338

You are not wrong on the shilling, but I think you are overestimating the reach of the Blowout forums. I imagine the self serving YouTube guys and IG accounts with a lot of followers are way more effective for shilling.

Oh, there was a time when blowout had some sway but those days are long gone. I mentioned before in another post that I felt beholden to this community - though mostly gone - for providing so much education and insight when I first got into this space. I'm trying my best to give some value back in the areas I specialize in.

lol, having said that, I think I'm reaching a point where any day might be my last post here. Too bad.

[fabiani12333]

Originally Posted by Gem10collection

Oh, there was a time when blowout had some sway but those days are long gone. I mentioned before in another post that I felt beholden to this community - though mostly gone - for providing so much education and insight when I first got into this space. I'm trying my best to give some value back in the areas I specialize in.

lol, having said that, I think I'm reaching a point where any day might be my last post here. Too bad.

I mean, the site's activity has been steadily dropping off for years now -- the active discussions are far and few between. Your "insights" would be better served on other platforms.