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

[ReggieBush22]

Originally Posted by GeechQuest

What I’m saying is we’ve sold through ~15% of the pop so far this year. I’ve heard Ken say somewhere, sometime he’s moved maybe 50 this year public and private.

What about the other 75-85%? What about all the people who just bought sub $300K thinking they can push more fast money out with a PWCC/MBA Sticker now? Some people in the $400s may have felt like they were underwater and this is their life vest.

No different than the stock float of <insert said company> getting traded over and changing hands as prices rise. The supply is truly endless as far as cards coming to market, even if the supply of cards (shares) is capped.

It takes me a handful of days to get a card in front of an auction house, so while there may be none in reserves now, the sellers are still there.

Supply is still 318.

And this is different from stocks because an individual stock is identical and indistinguishable. Not so with the MJs. Every PSA 10 is unique in its own way. And how many are simply out of the market because they are in a PC? And we are talking high rollers here, which means people with fu*k you money and huge egos. What will this card do if a huge pop star/movie star talks about buying it? Then it might start a frenzy with other stars trying to one up other celebrities and these get scooped up? This is MJ PSA 10 1986 Fleer, the most iconic sportscard in the modern era and possibly EVER. You can't put a cap on something so significant and rare. High rollers want to get their hands on rare stuff just to satiate their egos. $$ is nothing to them.

Personally, I have changed my tune in terms of wanting this card due to the recent forged PSAs that look too difficult to distinguish. That risk is too high for me now. But prior to that, I would've been all in.

[ReggieBush22]

Originally Posted by pcptrade

To the people screaming its a million dollar card, here is your opportunity to make more than a million dollar. There are two PSA 10's on ebay for 500K with best offer and currently there are no offers on them. Buy them both for less than !500K each and sell them when PSA 10's hit $1 million.

https://www.ebay.com/itm/13374686858...8AAOSwB1VgjGwF

https://www.ebay.com/itm/12473960650...QAAOSwn1FgJhLm

Make sure to send me a gift when you make million dollar plus in profits

First one is OC t-b and l-r.

2nd one looks nicer but O-C t-b and the top edge looks like it has some white showing and/or just doesn't look smooth. Back also doesn't look snow white.

[pcptrade]

Originally Posted by ReggieBush22

First one is OC t-b and l-r.

2nd one looks nicer but O-C t-b and the top edge looks like it has some white showing and/or just doesn't look smooth. Back also doesn't look snow white.

So you are saying only select few will PSA 10's will become a million dollar cards because high rollers pay attention to the card in addition to the grade?

EDIT: When I see at least 10 sales of PSA 10 for $1 million, I will change my opinion on the PSA 10 value. Let the market speak itself.

[ReggieBush22]

Originally Posted by pcptrade

So you are saying only select few will PSA 10's will become a million dollar cards because high rollers pay attention to the card in addition to the grade?

EDIT: When I see at least 10 sales of PSA 10 for $1 million, I will change my opinion on the PSA 10 value. Let the market speak itself.

I think at some point in the future (it could be many years, possibly decades), yes, I think this card will consistently sell for $1M or more. The one huge factor that could prevent this from happening is counterfeits seem to be getting better and better. And what are we talking about here? Some paper and plastic right? It can be replicated if one were so inclined and motivated. And the higher the $$$ involved, the more incentivized people are to get involved. When I saw that PSA 10 that was fake show up recently, I said this is too much risk as I couldn't tell that was fake.

[pcptrade]

Originally Posted by ReggieBush22

I think at some point in the future (it could be many years, possibly decades), yes, I think this card will consistently sell for $1M or more. The one huge factor that could prevent this from happening is counterfeits seem to be getting better and better. And what are we talking about here? Some paper and plastic right? It can be replicated if one were so inclined and motivated. And the higher the $$$ involved, the more incentivized people are to get involved. When I saw that PSA 10 that was fake show up recently, I said this is too much risk as I couldn't tell that was fake.

Highlighted part is possible. In the mean time, assuming it is not manipulation and if we indeed hit the bottom and the PSA 10 prices are headed towards $1 million, it is bullish for the overall market. A rising tide lifts all boats! I might be unloading few more of my mid end cards during the next spike. I have consolidated most of my collection since March but still have few more left that I would love to sell if we see another spike/ oversold relief rally.

[KhalDrogo]

For condition sensitive cards with higher PSA 10 pops, you are going to see more variation in pricing going forward. Hate it or love it (I hate it), the whole sticker thing is here to stay.

[ReggieBush22]

Originally Posted by pcptrade

Highlighted part is possible. In the mean time, assuming it is not manipulation and if we indeed hit the bottom and the PSA 10 prices are headed towards $1 million, it is bullish for the overall market. A rising tide lifts all boats! I might be unloading few more of my mid end cards during the next spike. I have consolidated most of my collection since March but still have few more left that I would love to sell if we see another spike/ oversold relief rally.

Love the term in bold and so believe in it! MJ is THAT rising tide. He does lift everyone else. That's why I am SO big on 1986 Fleer blue chip RCs in high grade.

[ReggieBush22]

Just as an example, let's assume the MJ levels out at around $1M. How much should a PSA 10 of Barkley, Hakeem, Malone, etc go for? Pop is super low too and you can get a Hakeem 10 for like 8k right now. Think something like THAT is worth putting away long term?

The rising tide raises all boats.

[pcptrade]

Originally Posted by ReggieBush22

Love the term in bold and so believe in it! MJ is THAT rising tide. He does lift everyone else. That's why I am SO big on 1986 Fleer blue chip RCs in high grade.

Originally Posted by ReggieBush22

The rising tide raises all boats.

The last run up/pump in PSA 10 during Jan-Feb created a nice opportunity to dump most of my low to mid end basketball cards. Looking forward to another one of similar irrational exuberance to unload few more cards. If the current run up lasts few more months, it will also create a nice opportunity to unload some of the low to mid end football cards in Aug-Sep

[peanuts]

Originally Posted by KhalDrogo

For condition sensitive cards with higher PSA 10 pops, you are going to see more variation in pricing going forward. Hate it or love it (I hate it), the whole sticker thing is here to stay.

I think that even cards that aren't notorious for condition sensitivity will see stickers coming in to play. Variability in grading is becoming a bigger topic of discussion as big sales garner ever more scrutiny.

I think that once you cross a certain dollar threshold ($100K, call it?), buyers will start seeking out fourth-party reviewed cards and placing a premium on them.

[dumars2001]

Originally Posted by pcptrade

To the people screaming its a million dollar card, here is your opportunity to make more than a million dollar. There are two PSA 10's on ebay for 500K with best offer and currently there are no offers on them. Buy them both for less than !500K each and sell them when PSA 10's hit $1 million.

https://www.ebay.com/itm/13374686858...8AAOSwB1VgjGwF

https://www.ebay.com/itm/12473960650...QAAOSwn1FgJhLm

Make sure to send me a gift when you make million dollar plus in profits

This always baffles me when I see stuff like this. The buyer of the PSA 10 that just sold for $840,000, probably could have put in an offer of $400,000 got it accepted (considering that these where just hovering around $200,000) and saved himself a cool $440,000.

This also is happening in the exploding video game market right now. Heritage Auctions sells a game for 6 figures (or 7 figures, the record breaking N64 Super Mario 64 sale for $1,560,000) and yet you see some really high graded copies of the games sold at Heritage Auctions for sale on EBay for a fraction of the price paid for at Heritage, just sitting.

Market manipulation/shenanigans at work here or what?!

[pachyderm]

Originally Posted by dumars2001

This always baffles me when I see stuff like this. The buyer of the PSA 10 that just sold for $840,000, probably could have put in an offer of $400,000 got it accepted (considering that these where just hovering around $200,000) and saved himself a cool $440,000.

This also is happening in the exploding video game market right now. Heritage Auctions sells a game for 6 figures (or 7 figures, the record breaking N64 Super Mario 64 sale for $1,560,000) and yet you see some really high graded copies of the games sold at Heritage Auctions for sale on EBay for a fraction of the price paid for at Heritage, just sitting.

Market manipulation/shenanigans at work here or what?!

Steve Cohen is pretty good at it in the art market.

[kefskala]

Originally Posted by dumars2001

This always baffles me when I see stuff like this. The buyer of the PSA 10 that just sold for $840,000, probably could have put in an offer of $400,000 got it accepted (considering that these where just hovering around $200,000) and saved himself a cool $440,000.

This also is happening in the exploding video game market right now. Heritage Auctions sells a game for 6 figures (or 7 figures, the record breaking N64 Super Mario 64 sale for $1,560,000) and yet you see some really high graded copies of the games sold at Heritage Auctions for sale on EBay for a fraction of the price paid for at Heritage, just sitting.

Market manipulation/shenanigans at work here or what?!

FACT,,,,,,,,high end collectors dont trust ebay........

[dumars2001]

Originally Posted by kefskala

FACT,,,,,,,,high end collectors dont trust ebay........

This is true, but Ebay favors the buyer so much now, that a buyer really doesn't have too much to fear. If the buyer is not pleased about the transaction in the slightest (or is scammed), they are so protected by Ebay/Paypal and will 100% get a full refund.

On the contrary though, I think Ebay sellers should be scared to death to sell any high priced item on Ebay, because the seller's risk is extremely high and stressful.

Personally, I would never sell a 5 figure or higher priced item on Ebay. Just way too risky and not worth it.

[JWBlue]

What does it indicate for the future that some PSA 10 cards are selling for a premium?

[notfast]

My question isn’t about “higher end” copies of a card garnering a premium…it’s just that how much of a premium was paid for this card seems excessive IMO.

[rats60]

Originally Posted by notfast

My question isn’t about “higher end” copies of a card garnering a premium…it’s just that how much of a premium was paid for this card seems excessive IMO.

Maybe the buyer was confident the card wasn't altered. It is pretty well known that a large percentage of Jordan PSA10 cards are trimmed. There was a card doctor who specialized in cracking, trimming and resubmitting Jordan RCs. If an Authentic Altered Jordan RC is 300k, what should a PSA10 Jordan RC be worth?

[2010GBPackers]

Originally Posted by rats60

Maybe the buyer was confident the card wasn't altered. It is pretty well known that a large percentage of Jordan PSA10 cards are trimmed. There was a card doctor who specialized in cracking, trimming and resubmitting Jordan RCs. If an Authentic Altered Jordan RC is 300k, what should a PSA10 Jordan RC be worth?

Proof?

I'm sure there are some that are trimmed, but "large percentage?" Plus, if you're going to say that at least provide one example.

[auburn35]

Originally Posted by 2010GBPackers

Proof?

I'm sure there are some that are trimmed, but "large percentage?" Plus, if you're going to say that at least provide one example.

There are several altered PSA 10 examples in this thread.

https://www.blowoutforums.com/showthread.php?t=1301954

[2010GBPackers]

Originally Posted by auburn35

There are several altered PSA 10 examples in this thread.

https://www.blowoutforums.com/showthread.php?t=1301954

Thank you. Man, those are fairly recent subs too. The 419xxxxx serial numbers fall right around the summer of 2018.

[aggie4ever]

While I understand this card should have sold at a premium compared to some of the recent sales because it was a high end example, I find the amount of the premium and the timing a bit suspect. The first PWCC Premier Auction was pretty disappointing, with surprisingly low prices pretty much across the board. That had to have hurt PWCC's reputation and their fledgling in-house auction service. Then suddenly they have a couple of record selling prices in their next Premier Auction.

[notfast]

Originally Posted by aggie4ever

While I understand this card should have sold at a premium compared to some of the recent sales because it was a high end example, I find the amount of the premium and the timing a bit suspect. The first PWCC Premier Auction was pretty disappointing, with surprisingly low prices pretty much across the board. That had to have hurt PWCC's reputation and their fledgling in-house auction service. Then suddenly they have a couple of record selling prices in their next Premier Auction.

A lot of the prices in this auction sucked. Kobe and Lebron TC ref dimes, Gretzky opc 9, wilt 9…

[KhalDrogo]

Originally Posted by notfast

A lot of the prices in this auction sucked. Kobe and Lebron TC ref dimes, Gretzky opc 9, wilt 9…

LeBron Exquisite couldn’t even muster $1M. I get it was in an SGC slab, but come on.

[pcptrade]

Originally Posted by KhalDrogo

LeBron Exquisite couldn’t even muster $1M. I get it was in an SGC slab, but come on.

I thought it was a decent sale given the patch and especially the SGC slab. I personally would not buy any high end modern card worth 6 figures or more in a SGC slab but that's just my personal preference.

[dumars2001]

Originally Posted by rats60

Maybe the buyer was confident the card wasn't altered. It is pretty well known that a large percentage of Jordan PSA10 cards are trimmed. There was a card doctor who specialized in cracking, trimming and resubmitting Jordan RCs. If an Authentic Altered Jordan RC is 300k, what should a PSA10 Jordan RC be worth?

This is very disturbing/scandalous information and the PSA 10 Jordan card would lose all credibility.

If true, I feel really terrible for owners and buyers of this card, because you would never have piece of mind, knowing if the card was altered or not.