OT but front page worthy Jordan card ebay

[Neal]

That is a tough card Peter - better not get stuck with it when the bubble pops!

[Peter_Spaeth]

Originally Posted by Neal

That is a tough card Peter - better not get stuck with it when the bubble pops!

If he starts hitting again like he is capable of, I'll be just fine.

[ctownboy]

The problem I see with the modern stuff, especially the manufactured rarity of some cards, is that the people collecting it today and spending big bucks on it probably weren't around and collecting in the early 1990's. Buying shiny stuff back then (while looking for chase and insert cards) was an obsession with some people and the big companies took advantage of it and overproduces the product. When the air went out of the bubble MANY people were left holding either worthless cards or cards that were valued WAAAAY less than what people had paid for them. This upset a LOT of people and those people left the hobby because of it. Also, some of the big companies went out of business.

Meanwhile, the older cards may have hit some bumps along the way but they continued to hold their value pretty well and the people collecting them didn't get burned and lose interest in collecting them.

It seems the new shiny stuff hasn't had it's bubble burst yet and the people collecting it hasn't felt the sting of holding cards with vanishing profits.....

David

[Orioles1954]

Originally Posted by ctownboy

The problem I see with the modern stuff, especially the manufactured rarity of some cards, is that the people collecting it today and spending big bucks on it probably weren't around and collecting in the early 1990's. Buying shiny stuff back then (while looking for chase and insert cards) was an obsession with some people and the big companies took advantage of it and overproduces the product. When the air went out of the bubble MANY people were left holding either worthless cards or cards that were valued WAAAAY less than what people had paid for them. This upset a LOT of people and those people left the hobby because of it. Also, some of the big companies went out of business.

Meanwhile, the older cards may have hit some bumps along the way but they continued to hold their value pretty well and the people collecting them didn't get burned and lose interest in collecting them.

It seems the new shiny stuff hasn't had it's bubble burst yet and the people collecting it hasn't felt the sting of holding cards with vanishing profits.....

David

Different type of hobby. Most modern collectors are into short-term flipping rather than long-term collecting.

[ullmandds]

Originally Posted by Orioles1954

Different type of hobby. Most modern collectors are into short-term flipping rather than long-term collecting.

That can't be good for long term valuations?

It's like noone wants to get stuck with the hot potato?

[darwinbulldog]

Originally Posted by ullmandds

That can't be good for long term valuations?

It's like noone wants to get stuck with the hot potato?

HFT, man.

[bnorth]

Originally Posted by ullmandds

That can't be good for long term valuations?

It's like noone wants to get stuck with the hot potato?

This is exactly what it is and has been for at least 20 years for the section of collectors known as prospectors.

I really like reading posts over on BO from new to the hobby collectors that don't get the hot potato game. They actually are buying those crazily overpriced cards thinking they are a long term investment.

Even though they are fun to laugh at it also sucks because after they lose a bunch of cash they leave the hobby.

I don't collect the new new stuff but I get the biggest smile on my face from looking through junk era cards.

[ullmandds]

Originally Posted by bnorth

This is exactly what it is and has been for at least 20 years for the section of collectors known as prospectors.

I really like reading posts over on BO from new to the hobby collectors that don't get the hot potato game. They actually are buying those crazily overpriced cards thinking they are a long term investment.

Even though they are fun to laugh at it also sucks because after they lose a bunch of cash they leave the hobby.

I don't collect the new new stuff but I get the biggest smile on my face from looking through junk era cards.

Thanks for the comments Ben...makes sense...but that doesn't sound good for the hobby over the long haul...time will tell!

Now my reality is flipping through pages of raw cards from the 40's-present...not many last 20 years...and handling stacks of slabs of the graded stuff.

I almost like looking at the scans more than the actual cards! Maybe more a product of my vision!

Occasionally I'll find some stacks of vintage...50's-70's...I enjoy searching these unknown stacks the most!!!!

[rats60]

Originally Posted by Orioles1954

Different type of hobby. Most modern collectors are into short-term flipping rather than long-term collecting.

Not really. The buyer of this card is most likely a Jordan collector who will hold this card long term. Most modern collectors are no different from vintage, prewar or post war collectors, they just like to collect different players. Many are outside of the United States and are drawn to basketball cards and players such as Michael Jordan and LeBron James instead of Babe Ruth or Mickey Mantle.

The people who you are thinking of are not collectors, they are called prospectors. They buy rookie cards of minor league players hoping to flip them when they reach the majors or get hot for profit. It is not like they don't exist in vintage circles, just in another form. Many big REA or Heritage Auctions you see cards sell that are soon relisted on EBay or with PWCC in hopes of flipping for a profit.

[ctownboy]

I look at it this way; if I had an extra 500K to 750K just sitting around and looking to spend on something, if I had the choice, then instead of buying this Michael Jordan card, I would buy a nice condo on a beach in or near a smaller city in Florida.

Now, if we were talking about some pre-war cards then that would be different......

David

[Dpeck100]

I knew I remembered seeing one of these a handful of years back and it going for close to 90k.


https://www.cardboardconnection.com/...michael-jordan


I checked the certs and the number on the back it is a different one and it too has the authentic grade.

I think the comments about modern prospecting are fair but this card doesn't fall into that category. For whatever reason it has been deemed to be the holy grail of Jordan inserts and for that reason it will always carry huge value. Michael Jordan has some fanatical collectors and for good reason.

This comes down to bragging rights as like most high priced cards do.

The initial bidding had tons of false bids being placed so the 500k to 700k price seems unrealistic to me but I wouldn't be surprised to see this move up some from here. Either way the current bid is higher than the sale from 2015 so if one wants to view this as a bubble, more hot air has come into the balloon.

[Hxcmilkshake]

Originally Posted by ctownboy

I look at it this way; if I had an extra 500K to 750K just sitting around and looking to spend on something, if I had the choice, then instead of buying this Michael Jordan card, I would buy a nice condo on a beach in or near a smaller city in Florida.



Now, if we were talking about some pre-war cards then that would be different......



David

Take it a step further....theres rookies out there like Fernando Tatis Jr fetching a thousand dollars. If I was dropping a $1000 I'd get me a decent early MANTLE.

Even Derek Jeter, and I do love Jeter----auto balls are $500? I can get a Mantle or Joe D for less.

Mantle=VALUE LOL!!!

Sent from my SM-N960U using Tapatalk

[TanksAndSpartans]

Originally Posted by ctownboy

I look at it this way; if I had an extra 500K to 750K just sitting around and looking to spend on something, if I had the choice, then instead of buying this Michael Jordan card, I would buy a nice condo on a beach in or near a smaller city in Florida.David

Maintenance costs and annual taxes will be less on the Jordan.

[ejharrington]

My problem with modern cards, which for me is 1988 forward, is that I like to collect players to completion and that is impossible now since they make so many of them. I love Ichiro and was thinking of collecting his cards until I saw there were over 10000 cards of him. The modern cards are great looking and innovative but I’m glad I collected before they started making so many of them.