Quote:
Originally Posted by GasHouseGang
Since the hype, yes. But since 11/2019, which is 2 years ago, a PSA 3 was around $1700. Today's average value of a PSA 3 is $10,497, according to VCP.
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Exactly. There was a fairly steep artificial price inflation in Jan through March and then a fairly predictable correction. The market has since flattened out and has even stayed trending upwards again. Of course there are always sub segments of the market that are far more volatile, adding noise to the data, but the overall broader market is extremely strong.
Most of the stuff that has taken a dive has done so for rational reasons. That's a good thing, not a bad thing. Guys were grossly overpaying for graded base cards. Lebron James 2019 base Prizm PSA 10s were selling for around $600 each last year. I know because I sold about 7 or 8 of them. That's asinine when you consider the pop counts (20,000 and counting for the Zion base PSA 10 from that set, and Lebron was printed at the same rate).