Since 2020 Basketball Cards slowing up.......

[mossoholic]

Originally Posted by GeechQuest

The bolded above kind of makes my point. You couldn’t even get $15K worth of Prizm retail at MSRP. Like you said, Walmart canceled your orders. How the hell would you have dumped $60K into it?

In order to get volume to profit like that you have to buy on the secondary market, which would cut into your profit a bit. Not saying it wouldn’t be profitable, but it isn’t life changing and flipping wax isn’t easy, especially for the profits you’re getting.

That $15K into Prizm Retail back in Oct/Nov could have been dropped into almost
any card asset and returned greater margins or similar.

Could have had the Lebron Black Chrome PSA 10 that sold last August, and pocketed $120K. Could have bough Zion Bass Prizms raw @ $30, had 500, graded them all at $12 a pop for another $6K, received a 30% gem rate (it would have been higher) and unloaded JUST THE GEMS for $100K.

You can’t get a stranglehold on wax to cash out like that. Since you can only get bits and scraps, for a lot of people it’s not worth the hassle. Especially Chronicles wax (which started this cesspool topic).

Could I have got $60k of Prizm at MSRP? Probably not but like an idiot I mostly only bought hangers and Target megas. Even not knowing schedules or anything back then I without a doubt left over 200 blasters, 200 packs, 50 Walmart megas at stores. That's not even accounting for all the other 19-20 college retail and 18-19 Chronicles skus I didn't buy at MSRP. But again we weren't talking at MSRP. Your whole thing was you wouldn't buy at resale prices. For quite awhile you could of bought 19-20 Prizm basketball retail boxes at under 2x MSRP. They now sell for over 10x MSRP. But between Walmart cancellations, what I opened, and what I passed up probably could of bought at least $25k at MSRP.

How the heck is flipping the #1 retail product of 2019-20 not easy? Flipping Illusions is not easy right now. All the major buyers will buy Prizm. You aren't gonna sell it all to one person. But between the distributors, ebay, facebook, single buyers, breakers, you wouldn't have a probably moving it unless we are talking into the 7 figures worth.

I can't speak for the Lebron. Zion Prizm raws in good shape were not going for $30. $50 maybe. 133 Zion Prizm PSA 10s are not selling for $100k right now. They are $550-$600. If you sent them in bulk order you still probably wouldn't have gotten them back lol. If they had them in hand to sell you would have had to pay the $20 a card rate.

Regardless you're making my point for me. There has been money falling off trees the last couple years. What reason wouldn't you want any of this free money? You aren't saying you're like me that it's missed opportunities. You said you didn't want the hobby to make money. So either you don't need the money or something else is wrong.

[mindcycle]

Originally Posted by eastbayak

You're correct, you never explicitly stated it, I just assumed it for two reasons: (1) I don't expect someone with a low salary to make such a statement, and (2) your occupation as a web developer (per BO profile).

I absolutely agree with you that money isn't everything in life. With that said, everyone's circumstances are different. For some individuals, money significantly impacts their situation. Because we're always viewing things through our own lenses, we fail to consider viewing things from someone else's.

Imagine yourself or a loved one struggling to make ends meet, imagine yourself or a loved one having a serious medical condition and not being able to afford its treatment, imagine being forced out of work due to a pandemic and not receiving enough via UI to cover your family's expenses, etc.

While our situations might be fine, other's might not be. And the hobby now presents an a potential opportunity for individuals to "FastPass" their way out of their situation (with some risk, obviously).

Look, I don't mean to be arguing with you. I like and respect you greatly, I've even sent Nuggets cards to you and your kid. But a flame burns in me whenever someone mentions that money isn't everything, because while true, you still need a "minimum" amount of it to even have a "basic" lifestyle and not all individuals are getting that (even when/if getting minimum wage).

Fair enough man. If cards are a means to supporting family members, then all good. Just To be clear though, I was in no way taking about not caring about money. Especially when it comes to making ends meet. I’m talking about those aspiring to be Vegas Dave, and that there’s more to life than that.. That’s excess wealth without purpose other than showing off.

We’re not really arguing so it’s all good. I feel you might have read my post out of context, but again all good. I totally get what you’re saying man.

[GeechQuest]

Originally Posted by mossoholic

Could I have got $60k of Prizm at MSRP? Probably not but like an idiot I mostly only bought hangers and Target megas. Even not knowing schedules or anything back then I without a doubt left over 200 blasters, 200 packs, 50 Walmart megas at stores. That's not even accounting for all the other 19-20 college retail and 18-19 Chronicles skus I didn't buy at MSRP. But again we weren't talking at MSRP. Your whole thing was you wouldn't buy at resale prices. For quite awhile you could of bought 19-20 Prizm basketball retail boxes at under 2x MSRP. They now sell for over 10x MSRP. But between Walmart cancellations, what I opened, and what I passed up probably could of bought at least $25k at MSRP.

How the heck is flipping the #1 retail product of 2019-20 not easy? Flipping Illusions is not easy right now. All the major buyers will buy Prizm. You aren't gonna sell it all to one person. But between the distributors, ebay, facebook, single buyers, breakers, you wouldn't have a probably moving it unless we are talking into the 7 figures worth.

I can't speak for the Lebron. Zion Prizm raws in good shape were not going for $30. $50 maybe. 133 Zion Prizm PSA 10s are not selling for $100k right now. They are $550-$600. If you sent them in bulk order you still probably wouldn't have gotten them back lol. If they had them in hand to sell you would have had to pay the $20 a card rate.

Regardless you're making my point for me. There has been money falling off trees the last couple years. What reason wouldn't you want any of this free money? You aren't saying you're like me that it's missed opportunities. You said you didn't want the hobby to make money. So either you don't need the money or something else is wrong.

I’m just saying it’s not as easy as you make it seem. It’s super easy in hindsight yes, but using hindsight the better play would have been cards and NOT wax.

Case in point, I offered Fish 78 boxes of NT FOTL at the end of June. He said they could take on 6. Such is life.

That’s all I’m saying. Easy in hindsight, VERY TOUGH when you actually try and do it.

[eastbayak]

Originally Posted by mindcycle

Fair enough man. If cards are a means to supporting family members, then all good. Just To be clear though, I was in no way taking about not caring about money. Especially when it comes to making ends meet. I’m talking about those aspiring to be Vegas Dave, and that there’s more to life than that.. That’s excess wealth without purpose other than showing off.

We’re not really arguing so it’s all good. I feel you might have read my post out of context, but again all good. I totally get what you’re saying man.

Got it. And to your point (excess wealth without purpose), I whole-heartedly agree.

Haha my apologies, I most definitely took your post out of context. Sometimes I get so passionate about things that I lose sight of the original context. Sorry about burdening you in that way but thank you for dealing with it in a nice way All the best man

[mossoholic]

Originally Posted by GeechQuest

I’m just saying it’s not as easy as you make it seem. It’s super easy in hindsight yes, but using hindsight the better play would have been cards and NOT wax.

Case in point, I offered Fish 78 boxes of NT FOTL at the end of June. He said they could take on 6. Such is life.

That’s all I’m saying. Easy in hindsight, VERY TOUGH when you actually try and do it.

Wow you are part of the super rich! Not sure which year NT FOTL but any box of cards that is over $5k is going to be much harder for a distributor to move a ton of versus retail boxes that are under $500. The customer base for boxes of cards that are $5k and above is much smaller than boxes under $500. But no matter what year pretty sweet you have that many boxes of NT FOTL.

[GeechQuest]

Originally Posted by mossoholic

Wow you are part of the super rich! Not sure which year NT FOTL but any box of cards that is over $5k is going to be much harder for a distributor to move a ton of versus retail boxes that are under $500. The customer base for boxes of cards that are $5k and above is much smaller than boxes under $500. But no matter what year pretty sweet you have that many boxes of NT FOTL.

Not rich in the slightest! Those boxes were my buddies who was gonna cut me 15% to find a buyer. I couldn’t find one. 5% of the PR, retailers and distributors at my finger tips, and nada.

Agree with your sentiment on the price being easier to move.

Just pointing out that even having the top product released AND having quantity doesn’t mean you can just print money and retire. Like I said, if it was easy we’d all be rich. We aren’t .

[k13]

You could easily have got $15k of prizm walking into walmarts in the winter. Me and my buddy probably ripped thru 20k of it ourselves.

[DajuanWagner]

Originally Posted by smalltown

I just opened some that i bought today - at MSRP. And i've opened quite a bit over the last few months. So...



I'm not in this hobby for money. I have zero interest in flipping wax for profit. If that's your Jam that fine, but i could care less. Every time i find retail i buy some and leave the rest.

I like Jam...…….

[DajuanWagner]

Originally Posted by eastbayak

13 years ago, I studied abroad in Ecuador. One of my weekend trips was to Banos. I found a hostel for about $5 per night and restaurants in the area offered meals as cheap as a few bucks.

I'm sure prices have changed since then (and will continue to in the future), but assuming I had no serious medical condition, I could live in that area for 25+ years (30+ years if prices didn't change) off that $170k (after taxes, maybe knock off a couple years).

$170k CAN be life-changing. Hell, $170k can cover the room/board/tuition for college degree(s), home down payments (in some locations, full cost of a home), etc.

Just found out where I am going to live when I retire...………….

[DajuanWagner]

Originally Posted by k13

You could easily have got $15k of prizm walking into walmarts in the winter. Me and my buddy probably ripped thru 20k of it ourselves.

What frickin' Wal-Marts do you shop at??? My Wal-Marts had empty display boxes. Not sure what those sell for, but...………


Did you say, "easily"????? Alright, show of hands. Who easily walked into Wal-Marts this winter and walked away with $15k in Prizm???? I'll wait...……..

[Archangel1775]

If he meant his last winter with 2018/19 Prizm, it was out there. I ran into 20 boxes of Blasters and about 40 cellos. I bought half and opened it all for no good reason like an idiot. But yeah, after Covid-19, forget about it.

[Chris P]

Originally Posted by DajuanWagner

What frickin' Wal-Marts do you shop at??? My Wal-Marts had empty display boxes. Not sure what those sell for, but...………


Did you say, "easily"????? Alright, show of hands. Who easily walked into Wal-Marts this winter and walked away with $15k in Prizm???? I'll wait...……..

Maybe he means current value and I don't know about one fell swoop, but Prizm was readily available where I live from release all the way up to around January. I left plenty of blasters and cellos I was only concentrating on Hangers and Megas at the time. That's why for me Optic was such a shell shock experience because that was the point when retail became impossible to find.

[DajuanWagner]

Originally Posted by Archangel1775

If he meant his last winter with 2018/19 Prizm, it was out there. I ran into 20 boxes of Blasters and about 40 cellos. I bought half and opened it all for no good reason like an idiot. But yeah, after Covid-19, forget about it.

That was not the case in Illinois...……...unfortch………….

[gowizards0]

sorry didn't read the thread but...

the basketball market slows down literally every off season

[DajuanWagner]

Originally Posted by gowizards0

sorry didn't read the thread but...

the basketball market slows down literally every off season

Post of the year!!!!!!!!!!!!!!!!

[GeechQuest]

Originally Posted by gowizards0

sorry didn't read the thread but...

the basketball market slows down literally every off season

When is the last time you could have purchased a Lebron Chrome #111 and lost 20-25% of the buy-in price when you went to sell it?

These aren’t just hot rookies losing value currently....