Will this stock market madness affect cards?

[Dpeck100]

Originally Posted by MULLINS5

Another bad example - there are so few of the Kobe Green Metal cards. Those cards are extremely condition sensitive and could actually benefit a little trim around the edges without negatively impacting value.

The point is there is still money out there that can support a card selling for nearly 150k from 1997. Most will pay more for a slabbed card and so the fact that it is raw doesn't help its cause. Yes there are 10 so you take what you can get but that doesn't mean those searching wouldn't pay more for a higher numerical grade.

Not everyone is going to be in dire straits. If you are a waiter perhaps but they don't drive the card market.

Here we have a Johnson/Bird rookie.

Sold for $5,822 in January

https://www.ebay.com/itm/1980-Topps-...8AAOSwyMVeGiRK

A PWCC copy with a premium rating $8,100 in February

https://www.ebay.com/itm/1980-Topps-...UAAOSwFZNeQEyg

A standard copy like the first I posted sells for $7,565 tonight

https://www.ebay.com/itm/14355376147...torefresh=true


Why not less than the one in January when the market was at all time highs? Why not drastically less?

[Republicaninmass]

"Alleged" Doctored altered cards run up by fake buyers groups and shill bids. Wait until next month when the same cards are listed



If you value your portfolio by PWCC sales prices, you will be in for a rude awakening come sale time. Yes, I refuse to even add any of their cards to my watch list to "increase eyeballs". I'll view real time sales from everyone else thank you.

They are the Parateum of cards with False earnings in my book.

[MULLINS5]

The first card has a noticeable print defect on the bottom right corner which could be why it sold for less than the other two.

I follow 79/80 OPC Hockey. There are a TON of Gretzkys being unloaded at the moment. That card, many years ago, used to sell for about $100 per PSA grade up to PSA 7. Now it's about three times that and doesn't look like it's going down. The big Gretzky card (PSA 9) grade is not trustworthy IMO because there is a larger opportunity to artificially inflate the price and create a facade for value - these type of cards shouldn't be considered when studying the card market as a whole.

[Dpeck100]

When people refer to the stock market they discuss the most important companies in the world and base their judgment on how they are performing.

These actively traded cards are a better example because they are liquid. In the cards I follow a Randy Orton PSA 10 rookie sold for $175 today. A very strong price. Very doubtful that card sells for that in auction. It’s a lot easier to sell an Andre than that card and if people end up really needing money the good stuff gets sold because it’s the easiest to move.

[seanofjapan]

Focusing on PWCC only tells you about current demand, it doesn't tell you anything about where demand or supply are going to be at in a couple months when the economic effects of this really start to be felt.

The writing on the wall is clear: lots of people are going to be needing money in the next few months just to get by. Either they'll have lost a job, had their hours cut, or seen their retirement savings decimated by the stock market crash. Government action might cushion the fallout a bit but noway is it going to solve any of it. So anyone with a collection who falls into one of those categories is likely to be making some tough choices in the coming weeks about what they need to get rid of in order to get some money.

And the problem is that all of these people will be making that decision at about the same time, which means you'll likely see a huge spike in stuff for sale this summer. They haven't flooded the market yet because this crisis has been sprung upon us so suddenly and most people who have decent collections probably have some savings to tide them over a bit. But once they reach that point, supply is going to go through the roof at exactly the same time demand craters because the people who are usually buyers have become sellers.

Its the perfect recipe for the market to tank completely. If PWCC prices are still high today, then the smart person would be selling everything they have like mad right now to take advantage of that because it won't last.

[oldjudge]

Here I was worrying about the stock market and the Coronavirus and I completely missed the fact that the Randy Orton PSA10s were doing well. That changes everything.

[japhi]

Originally Posted by oldjudge

Here I was worrying about the stock market and the Coronavirus and I completely missed the fact that the Randy Orton PSA10s were doing well. That changes everything.

Agreed, huge if true.

[Exhibitman]

WTF is a "Randy Orton"??? Sounds like a horny cockney elephant.