Video - The 10 Biggest Sportscard Value Drops Since Prices Peaked 2 Years Ago

[parkplace33]

Chris Sewell posted an interesting video yesterday about The 10 Biggest Sportscard Value Drops Since Prices Peaked 2 Years Ago. The video (12 minutes long) is here:

https://www.youtube.com/watch?v=mbZZJK351to

Some observations from the video:

1. I knew modern dropped in the last two years, but I was shocked at these numbers. 90 percent loss on cards over 50k? Wow.

2. Glad to see that vintage cards didn’t make the list , but I know of a few examples that have dropped (but luckily not to this level).

3. Interesting to see what happens to these cards in the next 2 years. Gain some value back, flatline, or lose more.

[ullmandds]

not surprising at all...to me. most of these cards are not rare...and most are in super high grade.

[rjackson44]

just look at modern basketball insane

[puckpaul]

Well when some cards of a basketball player almost no one on this website ever heard of are trading for more than the value of 99.9% of Vintage cards, probably was a little unsustainable!

[BobbyStrawberry]

Wait...you mean cashing out my 401k to buy that Luka Doncic super refractor was a bad idea?!!!

[sycks22]

Kind of funny that a lot of these "crazy" prices were on ebay from PWCC. Weren't they kicked off for shill bidding?

[Johnny630]

I wonder how many of these sales were even real ? Notice most were in Auction Houses...is it's magic?

[rjackson44]

Originally Posted by BobbyStrawberry

Wait...you mean cashing out my 401k to buy that Luka Doncic super refractor was a bad idea?!!!

bobby lol

[Casey2296]

Even the current prices on those cards seem high to me considering none of them are rare, but I'm not a modern guy so maybe I'm missing something.

[rjackson44]

one person spent 200 k for a mac jones black superfractor,,ok ill leave it at that

[2dueces]

Originally Posted by rjackson44

one person spent 200 k for a mac jones black superfractor,,ok ill leave it at that

Yeah and he’ll be holding a clipboard sometime very soon.

[mrreality68]

Very interesting and not surprising about Modern cards

Would love to see if someone did something like that for the top Vintage Baseball Cards to see what or how things are trending

[Gorditadogg]

Originally Posted by Casey2296

Even the current prices on those cards seem high to me considering none of them are rare, but I'm not a modern guy so maybe I'm missing something.

I think the modern market is much bigger. Many more people are interested in a Luka rookie than a Magee-spelled-wrong.

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[Gorditadogg]

Originally Posted by mrreality68

Very interesting and not surprising about Modern cards



Would love to see if someone did something like that for the top Vintage Baseball Cards to see what or how things are trending

Cardladder.com

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[Snapolit1]

Originally Posted by Gorditadogg

I think the modern market is much bigger. Many more people are interested in a Luka rookie than a Magee-spelled-wrong.

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Fuuny you should say that, I was in a bar Saturday night full of young people and you would have been shocked how much Magee-spelled-wrong chatter there was. A few of the youngsters wouldn't shut up about it.

[Snapolit1]

Seriously, someone spent $660,000 for a Magee error card at Heritage in September 2018.

Anyone wants to argue that's a smart use of a large amount of money, have at it.

[Casey2296]

Originally Posted by Gorditadogg

I think the modern market is much bigger. Many more people are interested in a Luka rookie than a Magee-spelled-wrong.

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I suppose the law of supply and demand kicks in at some point.

If 10 guys want a Magee and there's 3 available or,

If 3000 guys want a Luka and there's 900 available.

Obviously, the demand for Basketball has fallen off while pre-war has increased imo but maybe there is an underlying base of fans willing to pay for that Luka. I think at some point there may be more Luka cards than buyers at which point they would really fall off a cliff.

Meanwhile, those basketball prices sure make the current T206 Plank for sale look cheap.

[butchie_t]

My only regret is I was not the seller on any of those cards when they went for the crazy-nutso hammer prices. That is simply scary.......


Butch

[BioCRN]

I'm glad I can once again go to Target for cat litter and dish soap without 2 dozen grown men trying to kill each other over a restock of retail ball cards to flip on Ebay for $10 profit.

[packs]

As fun as it is to beat up on basketball I still don't think you'll hurt yourself investing in LeBron. Definitely not to the extent those phony sales went to, but sooner or later he'll have his own Last Dance documentary released about him and his Topps and Topps Chrome rookies will shoot right back up.

[Snapolit1]

Originally Posted by packs

As fun as it is to beat up on basketball I still don't think you'll hurt yourself investing in LeBron. Definitely not to the extent those phony sales went to, but sooner or later he'll have his own Last Dance documentary released about him and his Topps and Topps Chrome rookies will shoot right back up.

LeBron has dipped his toe in social issues. Something neither Jordan nor Jeter would have come within 1000 miles of in their playing days. And that stunt he pulled in Cleveland was a major turn off. LeBron will never be a great American icon. Too many detractors. See Bill Russell, Jim Brown, et al.

[packs]

There is a much different audience for basketball today than there was when Bill Russell or Michael Jordan were playing basketball. I would say this generation of fans are definitely not against LeBron or his opinions.

By the way, who is the most iconic active American athlete in the world today? In my opinion it is LeBron James. I don't even know who I'd consider second. The entire world knows his name and basketball is now a worldwide sport in ways it never was before.

[Snapolit1]

Originally Posted by packs

There is a much different audience for basketball today than there was when Bill Russell or Michael Jordan were playing basketball. I would say this generation of fans are definitely not against LeBron or his opinions.

By the way, who is the most iconic active American athlete in the world today? In my opinion it is LeBron James. I don't even know who I'd consider second. The entire world knows his name and basketball is now a worldwide sport in ways it never was before.

Do you have any idea how many articles on the Internet basically read "why is LeBron James the most disliked player in basketball". Many. Many. Many. It's bizarre but true.

[hcv123]

Originally Posted by Casey2296

I suppose the law of supply and demand kicks in at some point.

If 10 guys want a Magee and there's 3 available or,

If 3000 guys want a Luka and there's 900 available.

Obviously, the demand for Basketball has fallen off while pre-war has increased imo but maybe there is an underlying base of fans willing to pay for that Luka. I think at some point there may be more Luka cards than buyers at which point they would really fall off a cliff.

Meanwhile, those basketball prices sure make the current T206 Plank for sale look cheap.

Laws of supply and demand ALWAYS take hold eventually.......problem is more about timing due to the gross inefficiency of the marketplace and to some degree the lack of consistency of the grading companies.

[Fuddjcal]

Here are some video's last month on the 80-93% drop in modern prices for some everyday get your teeth kicked in FUN!!!!

AND always a good one from Wade Boggs Fan and BB Collector Mike

Baseball
https://www.youtube.com/watch?v=tVphUgSARiU

Football
https://www.youtube.com/watch?v=ydk6DUn3ZSU&t=872s

Basketball
https://www.youtube.com/watch?v=BLJdK4Zo7Fc

And the vintage 100 index from yesterday
https://www.youtube.com/watch?v=vz08oyuOloo

[BobbyStrawberry]

Originally Posted by BioCRN

I'm glad I can once again go to Target for cat litter and dish soap without 2 dozen grown men trying to kill each other over a restock of retail ball cards to flip on Ebay for $10 profit.

Haha!

[Flintboy]

Originally Posted by packs

There is a much different audience for basketball today than there was when Bill Russell or Michael Jordan were playing basketball. I would say this generation of fans are definitely not against LeBron or his opinions.

By the way, who is the most iconic active American athlete in the world today? In my opinion it is LeBron James. I don't even know who I'd consider second. The entire world knows his name and basketball is now a worldwide sport in ways it never was before.

My choice would be Tiger Woods, and it’s not even close

[BobbyStrawberry]

Originally Posted by Flintboy

My choice would be Tiger Woods, and it’s not even close

IMO there's an argument to made for that but the worldwide popularity of basketball puts LeBron over the top.

[Fred]

I see $100K+ being spent on some of that stuff and laugh. Holy cow, look at how much nice vintage you could get for $100K.

Oldest card was an '86 and several cards in the video were in the last 10 years.

I suppose it's all relative. If people have the money to piss away, then great, I hope they keep that money on the new and shiny and away from the vintage market.

[mrreality68]

Originally Posted by Gorditadogg

Cardladder.com

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Thanks appreciated

[JollyElm]

Originally Posted by mrreality68

Would love to see if someone did something like that for the top Vintage Baseball Cards to see what or how things are trending

Yeah, this. ↑

Most of us are 'normal' collectors buying 'normal' vintage cards that can be expensive, but not King Midas worthy. How about an assessment of the values of middle ground Mays, Aaron, Clemente, Mantle, HOF rookies, etc., cards from the 50's through the 70's? That would speak to a lot more people than all of this weird, top-shelf, modern garbage stuff.

[Peter_Spaeth]

Originally Posted by Snapolit1

Do you have any idea how many articles on the Internet basically read "why is LeBron James the most disliked player in basketball". Many. Many. Many. It's bizarre but true.

True, but even with all the detractors he is probably still the most iconic figure today. Woods seems a bit past the peak of his iconic status. Messi?

[Gorditadogg]

Originally Posted by Casey2296

I suppose the law of supply and demand kicks in at some point.

If 10 guys want a Magee and there's 3 available or,

If 3000 guys want a Luka and there's 900 available.

Obviously, the demand for Basketball has fallen off while pre-war has increased imo but maybe there is an underlying base of fans willing to pay for that Luka. I think at some point there may be more Luka cards than buyers at which point they would really fall off a cliff.

Meanwhile, those basketball prices sure make the current T206 Plank for sale look cheap.

My totally unsubstantiated take on the basketball card frenzy, completely without evidence, is that some of the NBA players, while quarantined with nothing to do, decided to see who could make the best card collection. They were used to throwing around tens of thousands of dollars at a time, so the prices didn't mean much to them. Once their season was over and they got out of the bubble, they put all their cards in a shoe box and forgot about them.