[Exhibitman]

The correction is already a done deal for most cards. We clearly reached a market peak and had a significant correction on all but a handful of essential rookie cards some time last year. PSA 8 Dr. J cards peaked over $9,000 (non-PWCC and Probstein sales only) in early 2021 but have fallen back by over 50% to around $3700. Even the key cards of the era (1957 Russell, 1961 Chamberlain(s), 1961 West, 1961 Baylor, 1969 Alcindor, 1970 Maravich) have stagnated or fallen off their peaks. If you FOMO'd those sorts cards you lost a lot of money. Now, a lot of those cards are way above where they were when the price surge started (the Dr. J RC was a $800-$1100 card) so there is room to move either way, but one could easily argue that those cards were great bargains at the time and have legitimately risen as they were (re)discovered by collectors.

On the other hand, the non-mainstream cards haven't moved much either way. Amazing to me you can get a RC of a HOFer in a tough regional set for a fraction of the cost of a common as dirt mainstream card. Those sorts of cards do not move a lot but when they come up they sell readily. There are exceptions of course, like the legendary Bell Brand Lakers or the early Kahn's Jerry West cards, that are always expensive.