ESPN Article Today on Sports Cards

[sfmays24]

https://www.espn.com/espn/story/_/id...s-biggest-boom

[Exhibitman]

When it hits mainstream media like that the stupid money comes in. This is gonna be interesting.

That was a very well done article, BTW, thanks for sharing it.

[Tabe]

Mr. Honesty Probstein, lying about the lawsuit being thrown out. That guy...

[Dpeck100]

Originally Posted by Exhibitman

When it hits mainstream media like that the stupid money comes in. This is gonna be interesting.

That was a very well done article, BTW, thanks for sharing it.

There are obviously some cards that the prices have corrected on but plenty more where they keep going strong. People are dreaming if they think this thing is going to die overnight.

Thursday the Jordan PSA 10 that was offered at 100k on the Collectable App sold out in 11 minutes.

When the stock market advances there are many stocks going up and many going down. Not everything has to rise at the same time for it to be a bull market. The sheer number of cards being graded by the three grading companies and the exploding bidding lists are a better tell of the health of the market vs. a few specific cards. PSA as of two weeks ago was receiving 250k cards a week and that annualizes at 13,000,000 cards. A year earlier they were at 3,536,000 and that was a huge number up from mid 2's the year before. When I started getting cards graded in 2010 they were in the 1.4 to 1.6 million range and many argued that was unsustainable.

You are going to keep seeing eye popping auctions results. This thing has a ways to go.

[marzoumanian]

I too thought the article was well-written and informative. However, when you see huge numbers like this you can't help but wonder: When is organized crime going to knock on the hobby's (industry's?) door and say, "I want a piece of the action." It concerns me greatly. We all love the hobby. We must stay diligent. When we see something fishy, we must say something. I do hope that I am way off base in my concerns. But I will still voice them.
Peace and stay healthy.

[samosa4u]

Originally Posted by marzoumanian

However, when you see huge numbers like this you can't help but wonder: When is organized crime going to knock on the hobby's (industry's?) door and say, "I want a piece of the action." It concerns me greatly.

All the money is in the drugs.
Sports cards aren't worth crap compared to drugs.
Gangsters are too busy whacking each other over drug money.
They don't care about cards and they never will.

[maniac_73]

Originally Posted by samosa4u

All the money is in the drugs.
Sports cards aren't worth crap compared to drugs.
Gangsters are too busy whacking each other over drug money.
They don't care about cards and they never will.

And gambling

[rats60]

Originally Posted by samosa4u

All the money is in the drugs.
Sports cards aren't worth crap compared to drugs.
Gangsters are too busy whacking each other over drug money.
They don't care about cards and they never will.

They have been involved in the sports card industry in the past.

[Republicaninmass]

Top of the market.


Mark this post

[todeen]

Although I don't know how long this bubble will last, it makes me think of JFK's father famously saying, "When the shoe shine boy started giving me market advice I knew it was time to sell my stocks."

I think that the massive rush to auction is a sign that many people are hearing shoe shine boy's advice in every city.

[Exhibitman]

Originally Posted by Dpeck100

There are obviously some cards that the prices have corrected on but plenty more where they keep going strong. People are dreaming if they think this thing is going to die overnight.

Thursday the Jordan PSA 10 that was offered at 100k on the Collectable App sold out in 11 minutes.

When the stock market advances there are many stocks going up and many going down. Not everything has to rise at the same time for it to be a bull market. The sheer number of cards being graded by the three grading companies and the exploding bidding lists are a better tell of the health of the market vs. a few specific cards. PSA as of two weeks ago was receiving 250k cards a week and that annualizes at 13,000,000 cards. A year earlier they were at 3,536,000 and that was a huge number up from mid 2's the year before. When I started getting cards graded in 2010 they were in the 1.4 to 1.6 million range and many argued that was unsustainable.

You are going to keep seeing eye popping auctions results. This thing has a ways to go.

And people who want to 'invest' in fractional shares of cards they will never, ever touch are welcome to them; hell, I strongly encourage anyone who views cards as strictly investment vehicles to do just that. Keeps them out of the actual card collecting hobby, where they are about as welcome as a cold sore at a prom.

[Exhibitman]

Originally Posted by marzoumanian

I too thought the article was well-written and informative. However, when you see huge numbers like this you can't help but wonder: When is organized crime going to knock on the hobby's (industry's?) door and say, "I want a piece of the action." It concerns me greatly. We all love the hobby. We must stay diligent. When we see something fishy, we must say something. I do hope that I am way off base in my concerns. But I will still voice them.
Peace and stay healthy.

Maybe not as far off as we hope...

https://www.sportscollectorsdaily.co...n-rookie-card/

[Throttlesteer]

You may not think of them as gangsters, but there are plenty already in the hobby. Manipulators aligned with doctors, shillers, and graders.....yup, gangsters

[ullmandds]

maybe jbonie was right?

[samosa4u]

Originally Posted by rats60

They have been involved in the sports card industry in the past.

[todeen]

Originally Posted by samosa4u

Nice compilation! Lol

Sent from my SAMSUNG-SM-G930A using Tapatalk

[Johnny630]

Sell sell sell while you can.

[Dpeck100]

A Wagner just sold for 3.25 million.

There are going to be plenty more eye popping results coming.