Matt Landry
As a company we do not make it a habit to respond to every comment on various forum message boards, however this is an out of line statement, surprised you would make such a public claim.
Please note the following
1. the 2 Jordan PSA 10s sold in January were purchased by 2 different, extremely well known wealthy US businessmen. Both cards still reside in each of their collections, both of which are 8 figure collections. We wish we could disclose the winners, but unless they do themselves we take client confidentiality seriously.
2. Neither of the 2 individuals are shareholders or investors in Goldin Auctions.
3. Both transactions were quickly paid for.

There have been 58 sales of Jordan 10s according to VCP since Jan 2020, at which time and for the LONGEST time, this was a 40K card. The breakdown of the 58 sales is as follows:

ebay seller manontherock 2
REA 3
Probstein123 4
Single Sales by individual ebay sellers and auction houses 7
Heritage 8
PWCC or PWCC Vault 12 (excluding the example that just sold for 180K which is now gone from VCP)
Goldin 22

The fundamentals just were never there to me for this card in a PSA 10 to sell in the $700,000 Range. Now they’re selling under 300,000.

I’ve been saying this for months I don’t care what anyone says many sales in Jan-March were Fantasy.

It all felt manufactured/manipulated to me. It is not a 700K card nor is it a 300K card, imo. The 86 Jordan was not the only card which was selling for many multiples of what it had been in the previous year and most of those cards are coming back down to Earth too. I have to suspect there are some extraordinary paper losses mid June 2021 for the average collector.

Maybe some people entered into the situation expecting to take a large short term loss to offset other short term gains?

Agree it’s been my belief The Money Was Made on the Under Cards......Jordan’s a year or two later 87’s 88’s 89’s ect, onto, stickers,and mostly lower grades 7,8, and 9’s

Thanks for the response Ken. I deleted my original post and apologize.

See goldin auctions. I believe they had 36 86 fleer jordans, including stickers, in ONE auction. Who would think that was a good idea?

Use common sense

Why would wealthy, successful, presumably sophisticated businessmen pay sums for a card completely out of line with historical values and indeed any value to date? The card isn't even close to rare even in a 10, what were they thinking, or maybe in context it was chump change and they didn't care? It does seem a lot of people leave their senses and sophistication and critical thinking behind when it comes to cards.

I’m sure they were “advised” by someone with a reason to boost the values…

I think it could be as easy as some billionaires son seeing an MJ rookie on TikToc or something and telling the dad to buy it. Or any of a million other scenarios where folks who are smart don't make great decisions sometimes.
There are a lot of people with a lot of money nowadays, I just wish I was one of them. I think some gamblers gambled and lost and some made money. Not my gig....but to each their own.

.

If that happened, it would be far from the first time. I recall the guy a couple of years back who would ask Brent how high he should bid on cards Brent was selling. People just check their life skills and common sense at the door.

What a Crock Of Sh&t.

1984-ish.

.

While it would be pretty hard to argue against bidding shenanigans happening in some cases...the market has also legitimately risen in tandem.

PSA 7 Julius Erving rookies are still selling for $1,800 and they aren't rare at all. I've been looking to buy them back after I sold my basketball stuff in one of the the 'run ups' before 2009. I thought I did great back then...lol. Win some lose some.

I don't know if I will ever buy that card back now, or the Alcindor rookie which is insanely high priced in every grade, and on multiple venues with legit sellers too. I don't know if a real widespread drop will ever come back. There will always be isolated crazy price swings....and there will always be some auctions that slip through the cracks somehow like there always have been.

If there is a widespread group eating the fees or price manipulating on PSA 6 Julius Erving rookies for $1,000 a pop...cut this guy a break...I would like one back at the old prices :)

It will take a seismic society altering event to stop the overall tide at this point. Its summer and everyone is out of the house now...and all those cards I want back haven't moved much at all in price.

:oWe must be looking at different cards. I am seeing "seismic" price drops.

The cards you mention are both softening. Be patient. Also a large difference between $1800 on a card you feel should be worth $600 and $700,000 on a card many feel is worth $40k.

I agree those Jordan 10's were crazy sale prices. They probably got caught up in the hysteria on those.

But I would argue that that hysteria (among others in other sports) is what lifted all the boats.

https://www.ebay.com/itm/1952-Bowman....m46890.l49286


I questioned this one big time.

poof?

Hysterical crock regarding that ebay “glitch.” Does anyone really believe that? Guess some out there figured the final price was too low and now want a mulligan, so the price doesn’t make all those prior “sales” look like the puerile manipulation plays they were. And this collector doesn’t believe that AH post defending those Jordan sales for a second. These hustlers out there must think we all are uneducated or gullible or both. That said, I do believe many folks got swept up in the mania.

Maybe the card or slab was bad......idk

damn that was fast!

It shows up on VCP along with the eBay app on my phone.

It was a 1952 Bowman SGC 7 Mantle That sold for $42,600 2/14/21 PWCC

According to the PSA website, one of the PSA 10s is in the number one registry set which belongs to someone who may be wealthy by some standards but is certainly not famous. I suppose it's possible he consigned it and still hasn't removed it from his registry set.

TWO billionaires and they both just happened to settle on the same way out of whack price? Sure.

There have been so many confirmed shenanigans and lies in this hobby that I think we're conditioned to being skeptical of almost anything almost anyone says.

Omg, that video.

I just watched the whole video. I think Ken is fantastic. Very good for the hobby. Looking forward to the TV show.

I actually agree with this sentiment, although like so many others here none of this has anything to do with me. But it will come down to whether Ken Goldin ("...Ken Goldin, look at them cards that he holdin"--oh, no, it's the dreaded earworm!) is playing it straight, like Mr. Mint apparently did, or is manipulating the market like some other well-known former hobby icons. Every endeavor needs some colorful characters to give it some spice, and I wish Ken Goldin ("...Ken Goldin, look at...--oh, no, not again!!!!) all the success he can create for himself as long as he doesn't end up bringing another black eye to the hobby like so many of his predecessors from the P.T. Barnum school of marketing.

in the ken goldin rap...who is "rick" that is referred to?

The rap mentions Rick (Probstein) & Brent (Huegins) a few times

I think you're referring the Bloomberg video from last week, right?

https://www.bloomberg.com/news/video...et-class-video

I thought it was a great piece that goes over both vintage and modern cards and memorabilia, and how Ken started as a kid and eventually wound up running a massive auction house. While there's the money talk, it also shows how he enjoys the hobby and collecting (he says his prize piece is a Babe Ruth game used bat). He also tries to get the next generation interested in cards with the set breaks he does with his 7-year-old son on Instagram and other social media

The biggest thing I take away from this video is a lot of people now consider sports cards, specifically graded as an asset class, my how things have changed.

If the love of cards is Emotional to you, it is to me, I suggest not considering it an asset class I learned a long time ago never to mix emotions with investing leave that to something that is not of sentimental value to you.

interesting! I didn't catch the PWCC ref...but Rick Probstein is the only Rick I know. Thanks!

Well, when the words are coming from a guy who literally told me he didn't care items in his first auction were bootlegs, yeah, I'm gonna be skeptical.

Any Net 54 members bidding heavy on this live stream box break? :rolleyes:

WTF -

https://goldinauctions.com/1996_97_T...LOT101818.aspx

You know the lyric, now behold the beholder.

Brian (sorry, came across this photo on the GA website, and felt compelled to resurrect this thread from the dead)

Does anyone understand this nonsense that Goldin is auctioning?

https://goldinauctions.com/Honus_Wag...LOT118039.aspx

Wtf?

The lyric has changed from "Ken Goldin, Ken Goldin, look at the cards that he's holdin'" to:

"Ken Goldin, Ken Goldin, look at the the NFT Pepe the Frog Wagner he's not holdin'".

Brian

Right-click >> save as... Make that 102 "minted"!

I still don't know what an "NFT" is and don't care. I'll stick with cards.

Think of NFTs as fiat currency that is backed by the hopes and dreams of nerds who have read Atlas Shrugged.

It is some fiction stuff that has some non fiction backing, or something like that. And you have to do block chain ethereum stuff to pay for it,.. Whatever they are there are 735 NFT sports cards on sale right now on the bay. Have at it.

https://www.ebay.com/b/Sport-Trading...hoCiEIQAvD_BwE

.

Free shipping or local pickup available on most of those listings.

Brian

It's like buying a card and leaving it in the PWCC "Vault" except the vault doesn't actually exist.

Edit - typo