Quote:
Originally Posted by kickitup
It's not a commercial for Jordan cards... None of which I even own.
It's an example that although there are a large number of a certain card available doesn't mean that is bad. It also doesn't mean it's not still under priced.
How many people are going to pay 300k right now for a PSA 9 1934 Lou Gehrig (10x the Jordan card) ?? Maybe 5-10 people max. That doesn't mean I wouldn't rather have the Gehrig card... All I am saying is that if I have 300k to 'invest', 10 Jordan cards might be the better investment. Why u might ask?
Ok say another awesome cardboard wonder comes along that you can't do without? Are you going to call you card broker to go sell that Gehrig? Or are you going to send Brent at Pwcc a couple Jordan PSA 10s to pay for that Ernie banks PSA 8 and George Brett PSA 10? Cards like Jordan rookies are almost as good as cash... They are liquid. Rare high end cards are too, but they are way tougher to move in a pinch.
These cards are becoming commodities with real value ... Real liquid value with someone like Pwcc taking them as payment for winnings  . |
We have a perfect example going on right now related to this argument.
Here we have a 1915 Cracker Jack - Joe Jackson on Ebay being consigned through PWCC:
http://www.ebay.com/itm/1915-Cracker...0AAOSwNsdXSg9R
The current bid on the card is $63,800 with over 13 hours still to go (as of this posting)
This exact same example was purchased in a 2009 Heritage auction for $41,825 (incl BP).
http://sports.ha.com/itm/baseball-ca.../a/714-81128.s
It was purchsed again in a 2011 Paragon auction for $55,612 (incl BP).
http://paragonauctionsite.com/LotDet...nventoryid=375
Since the current PWCC listing reached a bid of $55,555 (which for this argument I will say is close enough to equal to the previous Paragon sale including BP) there have been 9 unique bidders on the PWCC eBay listing. To your point about how many people might be interested in such a card "Maybe 5-10 people max" this listing is currently right inside your estimate but with 13 hours still to go the number of unique bidders above that mark could increase.
We can revisit this specific example tonight once the PWCC listing ends, but the fact we have a relevant example to study and apply in this discussion is interesting.