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

[vintg]

Originally Posted by kefskala

sorry to burst everyone bubble but here is the reality of the hobby. Heritage auction has a psa 10 with one day left at 486K currently....if this card doesn't hit the 732k mark and sells for anything less the correction will start really fast...things could turn on a dime.....so all eyes should be on this....

kefskala, i am certain you have been through ALOT MORE roller coasters/rodeos than i have, but, ive given your comment a lot of thought.

for arguments sake, the jordan psa basically "doubled". ALL the other grades haven't even had time to digest that doubling.

akin to throwing a rock in the middle of a lake and watching it ripple outwards.

so, lets say the mj psa 10 sells for, i don't know, 1.75 times 360. (where is ferg when i really need him). so instead of 720, it sells for 630.

at the EXACT same time, 7's, 8's, and 9's have only increased 10-15%.

like real estate, i don't see how "one sale" could turn things on a dime.

would it be good/or great news ?? no. would it make people think ?? sure.
would it cause mass panic selling ?? not so sure the answer is yes.

[kefskala]

Originally Posted by vintg

kefskala, i am certain you have been through ALOT MORE roller coasters/rodeos than i have, but, ive given your comment a lot of thought.

for arguments sake, the jordan psa basically "doubled". ALL the other grades haven't even had time to digest that doubling.

akin to throwing a rock in the middle of a lake and watching it ripple outwards.

so, lets say the mj psa 10 sells for, i don't know, 1.75 times 360. (where is ferg when i really need him). so instead of 720, it sells for 630.

at the EXACT same time, 7's, 8's, and 9's have only increased 10-15%.

like real estate, i don't see how "one sale" could turn things on a dime.

would it be good/or great news ?? no. would it make people think ?? sure.
would it cause mass panic selling ?? not so sure the answer is yes.

Vintg, this isnt a roller coast lol, more like space shuttle X, what ever way this plays out we will be talking about it for the next 30 years..This is something no one has experienced in the hobby and I dont care how long they have been doing it. Well I should say the percentage returns in such a small period of time (12x) in 7 months is insane. Im a strong proponent for a dip as 2010gbpacker mentioned this morning. A straight up line isnt health in anything. would i be ecstatic if the psa 10 keeps going up? fk yea....
7's,8's and 9's pop count is extremely high...those need to change hands multiple time for pricing to catch up to the psa 10. But i have a feeling the 10 will start to pull away to traditional percentages...because nothing has been traditional about this run up.... but everything else across the board has gone nuts..I have 90's inserts psa 10 that im looking at prices that I paid 100- 500 that are over 15K...do things dip yes and what is great about this hobby you cant sell like a stock,thank god, because I would have sold all five years ago....so i really dont now what the answer is here total anomaly...

[MJGOAT23]

Originally Posted by blinkme323

Curious what you guys think of my 7. I had it re-slabbed from an old flip, as it was all scratched up but now I’m wondering if I should have had it re-graded as well. Perfect centering, decent corners.

Some fish eye yes, but it looks closer to an 8 than a 7 to my extremely biased eye




Sent from my iPhone using Tapatalk

Bottom left has too much damage for a PSA 8, add in fisheyes and 7 is right on.

Maybe BGS 8 with 7.5 corners and 9/9.5 centering. Back in the "old days" i'd probably angle to cross to BGS (expecting an 8), buy another 7 and pocket the difference, but nowadays the prices are too volatile. By the time you did all that you probably can't even replace the 7, especially one so centered.

[DStars45]

Are the Jordan sales moving the other top RCs from the 86 Fleer set much? I've always wanted the Olajuwon and afraid I'm going to fall into the same trap that I have a couple times the past year where I say "Oh, that's not moving much, I'll grab it in 2 months." And then prices double.

[interestingcool]

Originally Posted by DStars45

Are the Jordan sales moving the other top RCs from the 86 Fleer set much? I've always wanted the Olajuwon and afraid I'm going to fall into the same trap that I have a couple times the past year where I say "Oh, that's not moving much, I'll grab it in 2 months." And then prices double.

I think the 86 Fleer is such an iconic set that the HOFers are only going to go up. Maybe not astronomically like MJ, but up.

[kefskala]

Originally Posted by interestingcool

I think the 86 Fleer is such an iconic set that the HOFers are only going to go up. Maybe not astronomically like MJ, but up.

Commons psa 10’s from 80.00 dollars two months ago are up to 1000-1500.. and selling...ship sailed

[rats60]

Originally Posted by kefskala

please let me know where you read this..I also read it here on this board but cant find any news of it....if you have a link please post...and im sure they wouldnt under cut the sales price of an auction that just finished

I think that Goldin took a much smaller cut. I noticed he reported lower sales numbers than should have been with BP so the buyer(s) didn't pay the full 20%. If the seller was able to get a similar net without waiting for the auction to run, they really didn't under cut their price. I think it was posted earlier in this thread.

[rats60]

Originally Posted by Stoiclife

I know, right? The least Ebay could do is throw an occasional 5% extra bonus bucks my way. Lol. Haven't gotten one since the Last Dance.

There was just an 8% one on 1/25.

[rats60]

Originally Posted by vintg

rats, i know you know your stuff, but, just to clarify

cards MOST CERTAINLY WILL GET BIDS IN EXTENDED TIME IF YOU HAVE ANY PREVIOUS BID ON THAT ITEM.

i personally watched, and reported, LOL, on the sgc 6 sticker that was really a kicking off point/donnybrook that went on for quite a while, back and forth.

once a bid comes in, in extended time, all previous bidders have 15 minutes to respond, and every bid starts the 15 minute clock over.

I just have noticed that on cards I have in my watch list that some do not get bids in extended time. I have won cards by placing one bid in the first 15 minutes of extended time. Rarely does anything in my watch list stay open for more than an hour. It certainly is possible that 2 guys fight it out for the card in extended time, but it is possible that the fight takes place before extended time. That doesn't happen with AH that close all lots at once.

[2010GBPackers]

Originally Posted by 2010GBPackers

Totally agree. That's not necessarily a bad thing though. A surge in the market followed by a correction still leaves everyone in a great position. I actually think a low sale (600k) would be more beneficial overall. Let's say is does only go for 600k. Well, the guys who just spent 732k aren't going to panic and sell; they have plenty of F-U money to just sit. However, other big players will look at that 600k sale and think it'd be a bargain to get the next one at 630k, then 660k and slowly up from there. Additionally, those with a PSA 10 would be less likely to sell since it's so far off of the 732k sale and they'd just sit it out. But, if the price comes in at 715k, there may be a panic to sell while the price is relatively close to the high water mark and you may see an influx of sellers offloading, trying to get near that price, therefore pushing the price lower and lower before it settles. In that scenario, it's harder to climb back up to the 732k price.

Just my opinion.

Originally Posted by rats60

Didn't Goldin sell 2 for 600k each after his auction? I wouldn't be surprised to see the Heritage one sell around there, it is still more than double the high as of a week ago. The 732k was such a big jump. Unless one guy/company is buying them all, it is hard to see it keep moving.

Heritage ends their auctions on a lot by lot basis. Unlike many other AH, cards will not get bids in extended time and most lots end with an hour.

No, I didn't hear that he sold 2 others for 600k. Anything in the 600-675k range wouldn't surprise me and I would deem appropriate. 800k+ range and below 600k would scare me. Either one of those scenarios would signal a lot of volatility with the card. It really doesn't effect the owners of the card, since it's more of a status symbol to a person who can drop that kind of cash, and they can easily absorb a $100k paper loss. But it would throw the PSA 8's and 9's into steep peaks and valleys as they try to find a market price.

A half-million dollar price increase in 40 days. That's nuts.

[Brent72]

I think with the PSA 9 on eBay last night going for $78k and the two at Heritage right now at $74k/$75k they are almost certain to hit $80k and beyond now. I'm still in shock that an 8 went for $35k.

[Stoiclife]

Originally Posted by 2010GBPackers

A half-million dollar price increase in 40 days. That's nuts.

Indeed. This is such an amazing ride. I'm enjoying every minute of it.

[maj78]

Originally Posted by DStars45

Are the Jordan sales moving the other top RCs from the 86 Fleer set much? I've always wanted the Olajuwon and afraid I'm going to fall into the same trap that I have a couple times the past year where I say "Oh, that's not moving much, I'll grab it in 2 months." And then prices double.

PSA 9 Olajuwon's were around $1K on Jan 1st. The last one I saw sold for around $2.5K. I got my PSA 9 in June for $500 so I was very lucky.

[corndog]

Originally Posted by yiannathker

I guess today's the unofficial "thread highjacking" day, because I'm afraid I'll be the 2nd in line to do just that, however because of the GREAT advice I've got this past month, especially from the OPer (THANK YOU vintg!), and the more frequent posters as well, I was:
a) Able to "jump" in the train for the '87, '88, '89, and '90 MJ Fleers early enough to see my graded examples' value doubling or tripling to date; and
b) More importantly, to see my appetite for the merculiar 86 Fleer growing, despite my limited budget.

Given this, I felt this is the best place to ask your opinion on the example below.

More specifically, after doing my homework, I cannot spot a single "detail" that doesn't meet the "authentic" criteria of the card, but I'm too novice to tell for sure.

What do you think? Is it a legit one? And if it's truly authentic, how would you assess its condition, especially on the upper right edge, surface, corner (last 2 pics), as well as on its lower blue frames in both sides of the card's front (first pic)?

Thanks in advance for your time, and patience, and apologies if the pics are tiring...was just trying to cover IN DETAIL, every single corner, side, detail; literally....

[IMG][/IMG]

[IMG][/IMG]

And thanks in advance for your sharing your knowledge!

These are my observations from two areas of the card front:

When these cards were printed in 1986, 4 color process film files were used to make the plate images. Most likely 150 line screen was used and being 4 color process utilizing halftone dots, each color would have used a different screen angle to prevent moire patterns.

In the below images, I used a white arrow line to show the direction of the red dot angle. All three PSA 10 examples have the same screen angle which is 75 degrees). The raw card in question is at an entirely different angle.
The different line screen angle used in the card in question raises a red flag.









The second point of interest is the discrepancy of color between one of the PSA 10s and the raw card.
The raw card has a very vibrant red border and blue nameplate, yet washed out flat red and blue in the internal game action image (circled areas below). The color density should be pretty consistent (as in the PSA 10 card circled below).



Hope this helps.

[marquis930]

Originally Posted by blitzaceod

Hate to be a downer, but anyone with a safe deposit box, be sure to also insure the items in there and keep a watchful eye on them still. There is no federal banking law that protects them
https://www.nytimes.com/2019/07/19/b...box-theft.html

Oh my damn. This article is terrifying.

Looks like I need to go to my bank to check out my box and confirm that my stuff is still in there.

[interestingcool]

Originally Posted by marquis930

Oh my damn. This article is terrifying.

Looks like I need to go to my bank to check out my box and confirm that my stuff is still in there.

Yeah, I read that article too. I wonder if a safe at home is better. Or just getting collectibles insurance.

[FT35]

Originally Posted by corndog

These are my observations from two areas of the card front:

When these cards were printed in 1986, 4 color process film files were used to make the plate images. Most likely 150 line screen was used and being 4 color process utilizing halftone dots, each color would have used a different screen angle to prevent moire patterns.

In the below images, I used a white arrow line to show the direction of the red dot angle. All three PSA 10 examples have the same screen angle which is 75 degrees). The raw card in question is at an entirely different angle.
The different line screen angle used in the card in question raises a red flag.

Hope this helps.

Awesome post! Absolutely helps. Thank you!

[kefskala]

Originally Posted by interestingcool

Yeah, I read that article too. I wonder if a safe at home is better. Or just getting collectibles insurance.

Most important part about a safe box MAKE sure you have an additional person on it ,wife(in many cases don't know if it is a good idea), mother or father....

[Slvnumber2]

I would suggest a home safe hidden, don’t tell people about your collection, get a Collect Insure policy, a nice German Shepherd, and a Mossberg or Smith and Wesson.

[yiannathker]

Originally Posted by corndog

These are my observations from two areas of the card front:

When these cards were printed in 1986, 4 color process film files were used to make the plate images. Most likely 150 line screen was used and being 4 color process utilizing halftone dots, each color would have used a different screen angle to prevent moire patterns.

In the below images, I used a white arrow line to show the direction of the red dot angle. All three PSA 10 examples have the same screen angle which is 75 degrees). The raw card in question is at an entirely different angle.
The different line screen angle used in the card in question raises a red flag.









The second point of interest is the discrepancy of color between one of the PSA 10s and the raw card.
The raw card has a very vibrant red border and blue nameplate, yet washed out flat red and blue in the internal game action image (circled areas below). The color density should be pretty consistent (as in the PSA 10 card circled below).



Hope this helps.

It DOES help; enormously and decisively!!!!

Really in awe about both the level of detailed knowledge, and also (and more importantly) for dedicating your time and effort to put together this post for me, and also, if I may say so, for all fellow collectors who are lucky enough to be reading this thread!

I cannot THANK YOU enough for this, really! To me, that was literally the definition of a "lesson in (card-collecting) life"!

Wow!!!

[mkebucks2001]

PSA 4s about to hit $8k!

I bought in at $3500 a month ago.

[Brent72]

The 9s at Heritage are inching up towards $80k...one at $78k and one at $79k.

[ThoseBackPages]

Originally Posted by mkebucks2001

PSA 4s about to hit $8k!

I bought in at $3500 a month ago.

how great is that?

[mkebucks2001]

Originally Posted by ThoseBackPages

how great is that?

It's wild. How high can this thing go?

[Snakeonia]

Originally Posted by mkebucks2001

It's wild. How high can this thing go?

Till the rocket runs out of fuel or leaves the gravity of the earth.


Sent from my iPhone using Tapatalk