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

[kefskala]

Originally Posted by Foo3112

That is very weak indeed. If someone was going to make an offer, they better offer more than the current selling prices. Seeing how they have reached the 350K mark, if someone really wants to snag one, they better be offering 450-500K+ because you turn your back for one moment and the next sale is beating the previous one which set a record and so on.

This is going to be a million dollar card. That is a no brainer. I feel like there are some rich people out there that are buying multiples of these (and who could obviously afford them) since they see this as a way of doubling their money without any risk really.

Aside from all these insane prices, I really would love to know what MJ thinks about this card and it’s sales over the past year. I would have to think that someone close to him has seen the values And would have made him at least aware. To know that your card is making people rich, he would probably find amusing followed by he would probably be telling everyone ‘your welcome‘ in classic Jordan fashion.

I’m sure michael is also buying them up...

[FT35]

Originally Posted by kefskala

I’m sure michael is also buying them up...

Was probably angry to see a Mantle card sell for more than his. Stuff like that matters to the GOAT GOAT.

[KeltonB]

Originally Posted by FT35

Was probably angry to see a Mantle card sell for more than his. Stuff like that matters to the GOAT GOAT.

[Brent72]

Still surprised that great looking 9 last night only went for $56k and the one ending tonight is already at $60k.

https://www.ebay.com/itm/1986-Fleer-...8AAOSwiv9gDerd

[lakesidez]

Originally Posted by Foo3112

This is going to be a million dollar card. That is a no brainer. I feel like there are some rich people out there that are buying multiples of these (and who could obviously afford them) since they see this as a way of doubling their money without any risk really.

So solid PSA 9's with the lighthouse label could fetch............? Does the lighthouse label command any type of premium? I had an email from D&A indicating they were buying Jordan rookies but they have a stipulation on only wanting lighthouse label copies.

[kefskala]

#57 stock ticker

currently at 360.000 on goldin new record 3 days to go..




CHEERS!!!!

[messier2]

Originally Posted by lakesidez

So solid PSA 9's with the lighthouse label could fetch............? Does the lighthouse label command any type of premium? I had an email from D&A indicating they were buying Jordan rookies but they have a stipulation on only wanting lighthouse label copies.

It's probably because they fear some fake label/cases/cards from old cases.

[Slvnumber2]

Originally Posted by Foo3112

That is very weak indeed. If someone was going to make an offer, they better offer more than the current selling prices. Seeing how they have reached the 350K mark, if someone really wants to snag one, they better be offering 450-500K+ because you turn your back for one moment and the next sale is beating the previous one which set a record and so on.

This is going to be a million dollar card. That is a no brainer. I feel like there are some rich people out there that are buying multiples of these (and who could obviously afford them) since they see this as a way of doubling their money without any risk really.

Aside from all these insane prices, I really would love to know what MJ thinks about this card and it’s sales over the past year. I would have to think that someone close to him has seen the values And would have made him at least aware. To know that your card is making people rich, he would probably find amusing followed by he would probably be telling everyone ‘your welcome‘ in classic Jordan fashion.

Question for you. What makes you think the card is million dollar card now. It was a $40k card a year ago and the pop has increased and not decreased. Supply has gotten higher as has demand, but why would this card see a 25x spike in price in a year or two. Just curious to know what the logic would be behind the increase.

[Thirsty Whale]

Originally Posted by Slvnumber2

Question for you. What makes you think the card is million dollar card now. It was a $40k card a year ago and the pop has increased and not decreased. Supply has gotten higher as has demand, but why would this card see a 25x spike in price in a year or two. Just curious to know what the logic would be behind the increase.

He didn’t say that this will be a million dollar card in a year or two. He only said, that this will be a million dollar card.

[FT35]

Originally Posted by Slvnumber2

Question for you. What makes you think the card is million dollar card now. It was a $40k card a year ago and the pop has increased and not decreased. Supply has gotten higher as has demand, but why would this card see a 25x spike in price in a year or two. Just curious to know what the logic would be behind the increase.

I know the question is not for me, but IMO it’s the recent $5.2M ‘52 Mantle sale that recalibrated the sports card landscape. Everything else is adjusting according to the new scale.

[GC1980]

Originally Posted by Slvnumber2

Question for you. What makes you think the card is million dollar card now. It was a $40k card a year ago and the pop has increased and not decreased. Supply has gotten higher as has demand, but why would this card see a 25x spike in price in a year or two. Just curious to know what the logic would be behind the increase.

There is no logic in sport card pricing these days.

[Slvnumber2]

Originally Posted by FT35

I know the question is not for me, but IMO it’s the recent $5.2M ‘52 Mantle sale that recalibrated the sports card landscape. Everything else is adjusting according to the new scale.

Why did the Mantle all of the sudden drive up prices for Jordan rookies. Did people all of the sudden go “you know that Jordan guy was a good player. Last year I could get his PSA 10 rookie for $37k, so this year I am going to buy it for $225k and now $360k.” 🤔 Plus the Mantle is scarce - 6 of them in PSA 9. Jordan has 279 PSA 10’s with more coming via bumps, subs, crossovers, and unopened packs.

[bruin805]

Originally Posted by Slvnumber2

Why did the Mantle all of the sudden drive up prices for Jordan rookies. Did people all of the sudden go “you know that Jordan guy was a good player. Last year I could get his PSA 10 rookie for $37k, so this year I am going to buy it for $225k and now $360k.” 🤔 Plus the Mantle is scarce - 6 of them in PSA 9. Jordan has 279 PSA 10’s with more coming via bumps, subs, crossovers, and unopened packs.

The media coverage brings new people to the hobby. But instead you've got guys that are like 30-45 years old, and the names those guys know are Jordan, Bird, Magic, etc. So they go for those guys. But with a bunch of guys thinking the exact same thing, demand goes up.

[interestingcool]

I mean I'm all for Mantle (have a nice 1953 topps PSA 2.5 and a 1956 Topps PSA 4) but I would argue that Jordan is way more popular today than Mantle and that the demand for his cards, as a whole, has a way broader audience. You ask the average... 25-45 year old about Jordan, they'll tell you a lot. Mantle? Not so much. SO, despite more 86 Jordans I think the demand could push his more elite cards higher up towards what a Mantle rookie would sell for. What I mean is at this point Jordan cards will gain value more rapidly and push closer to what a Mantle would go for. I mean 200-300 PSA 10s (minus resubs, etc etc) really is nothing when you think about the demand. and that trickles down to the 9's and 8's, etc as well.

[interestingcool]

Originally Posted by bruin805

The media coverage brings new people to the hobby. But instead you've got guys that are like 30-45 years old, and the names those guys know are Jordan, Bird, Magic, etc. So they go for those guys. But with a bunch of guys thinking the exact same thing, demand goes up.

We basically said very similar things at the same time.

[kefskala]

this is the stroke each others ego tread that has a jordan. if you dont own one and are bitter that the price is rising please go cry to mommy. I dont think anyone needs to explain or justify there out look on what the price should be or is, the proof is in the auction houses and the card is currently valued at what someone is willing to pay. So that said the current value of a psa 10 57 is 360,000k which CANT be disputed...now if someone says it will be a million dollar card it is on the right track to it. we are talking about #57 and the pop has gone up 15 cards in four years, which is nothing plus no one will be cracked a $300,000 case to pull 3 off centered jordans.......this is only the start...to all of my jordan holders cheers....

[FT35]

Originally Posted by bruin805

The media coverage brings new people to the hobby. But instead you've got guys that are like 30-45 years old, and the names those guys know are Jordan, Bird, Magic, etc. So they go for those guys. But with a bunch of guys thinking the exact same thing, demand goes up.

With Jordan’s Fleer rookie—there’s a bit of a bucket list factor at play too. All of the resurgence from our age group knows this as the most significant sports card to print in our collecting lives. Acquiring one is a dream many have. I know I had always planned on getting one! Definitely waited too long! Lol

[interestingcool]

Originally Posted by kefskala

this is the stroke each others ego tread that has a jordan. if you dont own one and are bitter that the price is rising please go cry to mommy. I dont think anyone needs to explain or justify there out look on what the price should be or is, the proof is in the auction houses and the card is currently valued at what someone is willing to pay. So that said the current value of a psa 10 57 is 360,000k which CANT be disputed...now if someone says it will be a million dollar card it is on the right track to it. we are talking about #57 and the pop has gone up 15 cards in four years, which is nothing plus no one will be cracked a $300,000 case to pull 3 off centered jordans.......this is only the start...to all of my jordan holders cheers....

HAha I can't lie, this rings true. I own a PSA 8 so my ego needs to be stroked. But, also, honestly, I do believe it can only go up, barring seismic world changes.

[ovt]

Originally Posted by Slvnumber2

Question for you. What makes you think the card is million dollar card now. It was a $40k card a year ago and the pop has increased and not decreased. Supply has gotten higher as has demand, but why would this card see a 25x spike in price in a year or two. Just curious to know what the logic would be behind the increase.

I think the demand has gone up 25x, no?

[Foo3112]

Originally Posted by Slvnumber2

Question for you. What makes you think the card is million dollar card now. It was a $40k card a year ago and the pop has increased and not decreased. Supply has gotten higher as has demand, but why would this card see a 25x spike in price in a year or two. Just curious to know what the logic would be behind the increase.

Well, as others have already pointed out, I never said in a year or two. I simply said it will be a million dollar card. My logic is it's track record. It's like stocks. If you see something that has consistently outperformed the market year after year after year, then it's probably a wise move to invest in that. History has shown that overall it performs well and that it's a good buy. That same logic applies with #57.

Something else to also consider. Take a look at the other three major sports and how their GOATS are doing:

Baseball: 1952 Mantle just sold for a record sale of over 5.2 million
Hockey: 1979 OPC Gretzky just sold for a record breaking 1.2 million.
Football: 2000 Tom Brady Playoff Contender RC Championship Playoff Ticket Auto sold for $250K in Feb of 2018 and then sold for $400K in 2019. I haven't caught another sale after that but given the post COVID prices, I would imagine sales to be over half a million+ today

So by looking at those numbers in other sports categories, I would say that the 1986 Jordan Fleer is a PSA 10 will hit the one million mark with little time wasted these days. The reason why it continues to break records is because it has been underpriced now for a very long time and when you do a stare and compare with those other GOATS, I don't see how one can even make an argument.

[Brent72]

Originally Posted by Foo3112

Well, as others have already pointed out, I never said in a year or two. I simply said it will be a million dollar card. My logic is it's track record. It's like stocks. If you see something that has consistently outperformed the market year after year after year, then it's probably a wise move to invest in that. History has shown that overall it performs well and that it's a good buy. That same logic applies with #57.

Something else to also consider. Take a look at the other three major sports and how their GOATS are doing:

Baseball: 1952 Mantle just sold for a record sale of over 5.2 million
Hockey: 1979 OPC Gretzky just sold for a record breaking 1.2 million.
Football: 2000 Tom Brady Playoff Contender RC Championship Playoff Ticket Auto sold for $250K in Feb of 2018 and then sold for $400K in 2019. I haven't caught another sale after that but given the post COVID prices, I would imagine sales to be over half a million+ today

So by looking at those numbers in other sports categories, I would say that the 1986 Jordan Fleer is a PSA 10 will hit the one million mark with little time wasted these days. The reason why it continues to break records is because it has been underpriced now for a very long time and when you do a stare and compare with those other GOATS, I don't see how one can even make an argument.

Totally agree. It might not hit $1 million this year or even next, but only a matter of time before it reaches that mark. The fact that it's already over $360k now just shows that it's ultimately headed there.

[visualplane]

A year and a half ago, people had a hard time buying my jordan rookies because they couldn't get over the hump that it was just a 1k card and they said it will go back down. Guess what, i'm saving this post for when it hits a million.

THERE'S ONLY ~320 PSA 10'S

[mkebucks2001]

Originally Posted by visualplane

A year and a half ago, people had a hard time buying my jordan rookies because they couldn't get over the hump that it was just a 1k card and they said it will go back down. Guess what, i'm saving this post for when it hits a million.

THERE'S ONLY ~320 PSA 10'S

It will be 1mil before the end of the year. This is going to be a wild ride.

[BigZigBoom]

Up Up Up. It can only go up. LMAO.

[Slvnumber2]

Originally Posted by Brent72

Totally agree. It might not hit $1 million this year or even next, but only a matter of time before it reaches that mark. The fact that it's already over $360k now just shows that it's ultimately headed there.

I would love it to hit a million since that means my Jordan cards go up. I went through the same thing with Mantle cards and have done very well with them. Back in the late 90’s did the same thing with Ted Williams cards snd sold them in 3-4 years to pay for a nice chunk of our first home. My thoughts regarding Jordan increases is if there is one card worthy of being worth that much it is Jordan rookies. Huge broad appeal due to his playing career, overall popularity as a cultural icon due to his brand, and the Last Dance showed the modern age of kids just how good he was - they only know him from his sneakers.

Having said that there is no logical reason for his rookie to go from $37k to $350k+ In the span of several months nor his 88 card going from $400 to $1500 in a span of 6-7 days. There has been no event to spur this on - retirement, HOF, death.... Tell me what made everyone in the last week decide to pay 2x-3x for his cards - even 1990 Fleer which is basically a common card.