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

[pcarlson05]

Just my humble opinion, but anyone not selling a Jordan right now is effectively saying they are comfortable buying a Jordan at these prices. In my mind, there are two realities.

1. You have a Jordan RC
2. You have tens of thousands of dollars

If you are choosing to keep your Jordan, then you are saying you don’t want the tens of thousands currently available. Would be the same as you not currently owning the Jordan, and spending the tens of thousands of dollars to get one.

Now some will say, yeah but I only spent 1k on my Jordan way back when, or I traded for it or whatever. Doesnt change the reality of the current situation. You can have your Jordan or you can have tens of thousands of dollars. If you keep your Jordan, you are effectively comfortable with buying these prices.

[kefskala]

Originally Posted by pcarlson05

Just my humble opinion, but anyone not selling a Jordan right now is effectively saying they are comfortable buying a Jordan at these prices. In my mind, there are two realities.

1. You have a Jordan RC
2. You have tens of thousands of dollars

If you are choosing to keep your Jordan, then you are saying you don’t want the tens of thousands currently available. Would be the same as you not currently owning the Jordan, and spending the tens of thousands of dollars to get one.

Now some will say, yeah but I only spent 1k on my Jordan way back when, or I traded for it or whatever. Doesnt change the reality of the current situation. You can have your Jordan or you can have tens of thousands of dollars. If you keep your Jordan, you are effectively comfortable with buying these prices.

I would say all relevant to ones situation and their wealth status..
...I would like to buy two more 87’s psa 10's but cant afford 100k unless I sell something...if I had the 100k I would...market has been taken to a different level..

[rats60]

Originally Posted by pcarlson05

Just my humble opinion, but anyone not selling a Jordan right now is effectively saying they are comfortable buying a Jordan at these prices. In my mind, there are two realities.

1. You have a Jordan RC
2. You have tens of thousands of dollars

If you are choosing to keep your Jordan, then you are saying you don’t want the tens of thousands currently available. Would be the same as you not currently owning the Jordan, and spending the tens of thousands of dollars to get one.

Now some will say, yeah but I only spent 1k on my Jordan way back when, or I traded for it or whatever. Doesnt change the reality of the current situation. You can have your Jordan or you can have tens of thousands of dollars. If you keep your Jordan, you are effectively comfortable with buying these prices.

You are missing the obvious. If you sell, what are you going to do with the money? If you think you can find a better investment than Jordan, then go ahead and sell. However, Jordan has a history of being one of the best investments in the hobby and the Jordan RC is the most iconic basketball card in the hobby. That is a combo that is going to be hard to beat in the long run.

[pcarlson05]

Originally Posted by kefskala

I would say all relevant to ones situation and their wealth status..
...I would like to buy two more 87’s psa 10's but cant afford 100k unless I sell something...if I had the 100k I would...market has been taken to a different level..

Well you are saying that you would be comfortable paying the 100k, if you could. Those who own Jordan’s by default can “afford” the card.

[pcarlson05]

Originally Posted by rats60

You are missing the obvious. If you sell, what are you going to do with the money? If you think you can find a better investment than Jordan, then go ahead and sell. However, Jordan has a history of being one of the best investments in the hobby and the Jordan RC is the most iconic basketball card in the hobby. That is a combo that is going to be hard to beat in the long run.

That’s not missing the point at all actually. If you think that Jordan is a better investment then you fall into the reality of “I’d rather own the Jordan.” You think it’s a better investment than say, the stock market. Thus you are comfortable buying at these prices, as you believe it’s a better investment.

Consider what 100k in the stock market will be in 30 years based on historical returns. If you think the Jordan will be worth more than that figure in 30 years, then you are correct, it’s a better investment, and you should hold or buy the card.

[kefskala]

Originally Posted by pcarlson05

Well you are saying that you would be comfortable paying the 100k, if you could. Those who own Jordan’s by default can “afford” the card.

What are you talking about? The card was at 10k three months ago. I just bought other Jordan’s and regret not buying this one.... but not being a pig just great full all has gone up....I’m a big believe of low pop. So those that own one didn’t necessary pay 40k for one...

[pcarlson05]

Originally Posted by kefskala

What are you talking about? The card was at 10k three months ago. I just bought other Jordan’s and regret not buying this one.... but not being a pig just great full all has gone up....I’m a big believe of low pop. So those that own one didn’t necessary pay 40k for one...

What am I talking about?

You said "I would like to buy two more 87’s psa 10's but cant afford 100k unless I sell something...if I had the 100k I would"

if you had the 100k, you would buy the cards...that's exactly what I said. You would rather have the cards than 100k, if you had the 100k

[kefskala]

Originally Posted by pcarlson05

Well you are saying that you would be comfortable paying the 100k, if you could. Those who own Jordan’s by default can “afford” the card.

Feel like I’m talking to my 15 year old daughter...unless your words aren’t demonstrating what your thoughts are. So again card was 10k three months ago I didn’t buy it, affordable. My mistake Card now is 40k not buying because out of my price range. By default I own plenty of Jordan’s... never mind...

[pcarlson05]

Originally Posted by kefskala

Feel like I’m talking to my 15 year old daughter...unless your words aren’t demonstrating what your thoughts are. So again card was 10k three months ago I didn’t buy it, affordable. My mistake Card now is 40k not buying because out of my price range. By default I own plenty of Jordan’s... never mind...

You are just misunderstanding my point. What you did three months ago is irrelevant. I am only discussing what you would do today, right now, given the current market. (Asking anyone what they should have done three months ago when it comes to Jordan rookies is a useless exercise.)

Today, right now, would you pay the 40k or not? Assume you can afford it.

This is more meant to apply to those people already holding Jordan’s. You have the card. You could sell for 40k. Would you rather have the 40K or the card? If your answer is the card, it is the same as having 40k currently available and deciding to trade it for the Jordan. Thus you agree with the price of 40k and the current market.

Did appreciate the 15 yo insult. Win for the internet.

[Foo3112]

I have an 87 PSA 10 so to answer that, I picked mine up back in 2015 for less than 3k. I am holding mine. I see the potential in keeping it long term as it has clearly paid off today in a huge way. It has an extremely low pop and it doesn't hurt that it's a 2nd yr Jordan Fleer (right behind the big daddy of them all). I feel as though everyone who is selling theirs right now probably needs the cash because they are leaving a lot of money on the table in regards to future sales. I always see it as "if you don't need the money, then you might as well hold onto it". Even if prices went down to 20k, I still wouldn't be upset. So once again, I am happier owning the card then the 40k right now - which will eventually turn to 80k and so on as the 86 gains more value.

[Willikn]

Originally Posted by pcarlson05

Just my humble opinion, but anyone not selling a Jordan right now is effectively saying they are comfortable buying a Jordan at these prices. In my mind, there are two realities.

1. You have a Jordan RC
2. You have tens of thousands of dollars

If you are choosing to keep your Jordan, then you are saying you don’t want the tens of thousands currently available. Would be the same as you not currently owning the Jordan, and spending the tens of thousands of dollars to get one.

Now some will say, yeah but I only spent 1k on my Jordan way back when, or I traded for it or whatever. Doesnt change the reality of the current situation. You can have your Jordan or you can have tens of thousands of dollars. If you keep your Jordan, you are effectively comfortable with buying these prices.

While I subscribe to the above, it isn't the same as "buying". You sell, you pay Joe/Kamala and potentially your state and city their cut. Joe and Kamala won't help you buy one.

[Willikn]

Originally Posted by pcarlson05

That’s not missing the point at all actually. If you think that Jordan is a better investment then you fall into the reality of “I’d rather own the Jordan.” You think it’s a better investment than say, the stock market. Thus you are comfortable buying at these prices, as you believe it’s a better investment.

Consider what 100k in the stock market will be in 30 years based on historical returns. If you think the Jordan will be worth more than that figure in 30 years, then you are correct, it’s a better investment, and you should hold or buy the card.

At what dollar amount does our love of cards disappear? I guess we all have that point. Really though, you could say the same thing about every $1 card we buy. I imagine you, like everyone else here, has a want list that is forever growing despite checking items off. We should never buy a card unless we think it will out perform every possible avenue for investment. We do though. All of us.

[pcarlson05]

Originally Posted by Willikn

At what dollar amount does our love of cards disappear? I guess we all have that point. Really though, you could say the same thing about every $1 card we buy. I imagine you, like everyone else here, has a want list that is forever growing despite checking items off. We should never buy a card unless we think it will out perform every possible avenue for investment. We do though. All of us.

That’s when hobby and investment diverge...you are right, the number is different for everyone. My main point is really more to help reimagine whether the current market, which many people are saying is inflated or manipulated, might still hold validity in the minds of collectors/investors.

[pcarlson05]

Originally Posted by Willikn

While I subscribe to the above, it isn't the same as "buying". You sell, you pay Joe/Kamala and potentially your state and city their cut. Joe and Kamala won't help you buy one.

Edit: this is a valid point and should be considered. Though doesn’t really change my thoughts on the subject

[Willikn]

Originally Posted by pcarlson05

this is a valid point and should be considered. Though doesn’t really change my thoughts on the subject

The one pearl of wisdom we definitely agree upon is that purchase price is of no consequence. Your vested amount equals your cash out value.

[pcarlson05]

Originally Posted by Willikn

The one pearl of wisdom we definitely agree upon is that purchase price is of no consequence. Your vested amount equals you cash out value.

Sent from my SAMSUNG-SM-G930A using Tapatalk

Right on

[kefskala]

To all my Jordanites! Stay strong, we will see some shattering numbers tonite at goldin auctions. You! and only you should make the decision on what do do with your cards. We all have different financial obligations and we are all at different parts of our lives... This is definitely a game changer for some. What ever decision you make you should never look back at what you did only forward. And if you sell please put the money to good use and don't piss it away.....

[marquis930]

Originally Posted by kefskala

To all my Jordanites! Stay strong, we will see some shattering numbers tonite at goldin auctions. You! and only you should make the decision on what do do with your cards. We all have different financial obligations and we are all at different parts of our lives... This is definitely a game changer for some. What ever decision you make you should never look back at what you did only forward. And if you sell please put the money to good use and don't piss it away.....

Amen to that!!!

Back in December, I was thinking of selling one of my Jordan RCs to put a down payment on a car because the extended warranty on my current one ends in June.

Now that the prices of them have gone up so much, I can sell one of mine and pay for the whole car and still have enough left over to make a nice deposit into my son’s college fund.

I’m gonna ride this thing ‘til the wheels fall off.

[Towns322Wiggins]

Originally Posted by marquis930

Amen to that!!!

Back in December, I was thinking of selling one of my Jordan RCs to put a down payment on a car because the extended warranty on my current one ends in June.

Now that the prices of them have gone up so much, I can sell one of mine and pay for the whole car and still have enough left over to make a nice deposit into my son’s college fund.

I’m gonna ride this thing ‘til the wheels fall off.

That’s an awesome position to be in, congratulations! I hesitate to ever suggest what another man does with his money, however, I must ask - why would you want to sell an appreciating asset/investment for a depreciating one (a vehicle)?

I understand that a vehicle is a necessity, but if you can get a decent set of wheels that gets you from point A to point B, why not keep your MJ and do that?

[kefskala]

Originally Posted by Towns322Wiggins

That’s an awesome position to be in, congratulations! I hesitate to ever suggest what another man does with his money, however, I must ask - why would you want to sell an appreciating asset/investment for a depreciating one (a vehicle)?

I understand that a vehicle is a necessity, but if you can get a decent set of wheels that gets you from point A to point B, why not keep your MJ and do that?

Agreed anything other then a car.... lease a Toyota for 199.00 a month

[rogueriver]

Hard to believe we are in a world today where we are talking about cards as appreciating assets.....Sorry just very strange....It is a scary world we live in where a Baseball card is worth more than what some people will make in their entire lives working....I know I am just an old man here, I already have my savings and my kids college taken care of and a very successful business but some of you youngsters on here might want to think about selling some of these assets and diversifying now while you can and there is a market for it just in case...Im not giving financial advice just think about it. This is a hobby that has morphed quickly and it might be due to all the free money that is floating this economy..It might not last forever...But then again it might.....

[marquis930]

Originally Posted by Towns322Wiggins

That’s an awesome position to be in, congratulations! I hesitate to ever suggest what another man does with his money, however, I must ask - why would you want to sell an appreciating asset/investment for a depreciating one (a vehicle)?

I understand that a vehicle is a necessity, but if you can get a decent set of wheels that gets you from point A to point B, why not keep your MJ and do that?

Actually, you’re right about that. I was halfway joking when I talked about selling the MJ RC to pay for the whole car. I’m still stunned that it has appreciated enough for me to do that.

Honestly, this things is quickly approaching “family heirloom” territory where I’d just save them and hand them down to my son one day.

[estebahn73]

While everyone is focusing on 1986 Fleer Jordan cards, I just picked up really nice 1984 Star 101 Jordan card in the original bag. I paid a decent amount for it. Let's see where they are selling vs. fleer cards in 2 years or so..

[Ferg1945]

Am I doing this right?

$325,000 x 1.20 BP = $390,000 on the #57s that end tonight?

[Brent72]

Originally Posted by Ferg1945

Am I doing this right?

$325,000 x 1.20 BP = $390,000 on the #57s that end tonight?

Yup, that's the right calculation. We're almost at $400K for a 10 now.