Anyone watching the insane basketball card prices?

[cardsagain74]

After the recent doubling of Bird/Magic PSA 7 rookies to around 3000 in the last couple weeks, one went for 3450 last night and another for 3950 tonight.

Bizarre.

[Jewish-collector]

HOLY _HIT Jeff. If you sold all those shown, you would be a very wealthy man!!!

[ZiggerZagger]

Bought most of mine in the last 1-2 years, and some very much more recently. Have really enjoyed the diversion of Vintage Basketball, but glad I got what I did, when I did. It's prohibitive now.

Sold a centered Kareem PSA 6.5 in the initial phase of this bubble at $3300, and boy does that look foolish now. I love the cards too much to sell out, but it's tempting.......


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[samosa4u]

You're in a tough spot now. You're currently sitting on $100,000 or $200,000 USD worth of basketball cards. Do you HOLD or SELL? How much will they all be worth next year? These cards are being bought and sold at inflated prices, and it's not going to last.

[GasHouseGang]

I started collecting Kobe Bryant rookie cards a few years before he retired. It wasn't very expensive at that time, and he was my favorite player. I decided to get only PSA10's and do a registry set. Since then the prices have exploded for all of these rookie cards so now I'm not sure if I should sell or hold on to what I have. Can these prices be sustained?

[ZiggerZagger]

Originally Posted by samosa4u

You're in a tough spot now. You're currently sitting on $100,000 or $200,000 USD worth of basketball cards. Do you HOLD or SELL? How much will they all be worth next year? These cards are being bought and sold at inflated prices, and it's not going to last.

For sure, when things escalate 500-800% in the span of 3 months, it's clearly not sustainable or real. I'd expect anyone who has these cards and doesn't want to hold them indefinitely should sell off now. I'm definitely considering selling one of the Magic/Bird cards, as there is no reason for a non-speculator to hold both.

I'm probably in only 10-20% of the current value of these cards, though, and have searched them out with care. They were all bought pre-runup in prices, and a few early in the runup at pre-prices. I'd like them to be part of my long-term collection, so as long as I don't have higher collecting priorities they'll probably stay.

When you start looking at the POP's of these key cards compared to their Baseball counterparts, it's shocking. I don't know that I'd ever find another '61F PSA 7 Wilt with comparable eye appeal, for example.
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[samosa4u]

Originally Posted by ZiggerZagger

For sure, when things escalate 500-800% in the span of 3 months, it's clearly not sustainable or real. I'd expect anyone who has these cards and doesn't want to hold them indefinitely should sell off now. I'm definitely considering selling one of the Magic/Bird cards, as there is no reason for a non-speculator to hold both.

I'm probably in only 10-20% of the current value of these cards, though, and have searched them out with care. They were all bought pre-runup in prices, and a few early in the runup at pre-prices. I'd like them to be part of my long-term collection, so as long as I don't have higher collecting priorities they'll probably stay.

When you start looking at the POP's of these key cards compared to their Baseball counterparts, it's shocking. I don't know that I'd ever find another '61F PSA 7 Wilt with comparable eye appeal, for example.
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Your Wilt is mouth-watering, for sure! But is this card, or any basketball card, ever going to reach the same level as the 52' Topps Mantle or the Leaf Jackie? Right now, if you make the right moves, you can turn your $20,000 USD into a million dollars, and I'm being serious here. When those Gary V. BARBARIANS make an exit and the prices plummet, will you be happy you kept them? Again, you're in a tough spot. I say this because none of us know how much higher these cards will go. Maybe the PSA 7 Wilt will be worth MORE by Christmas! Whatever you decide, I wish you nothing but the best. You have awesome cards and thanks for sharing them!

[Jewish-collector]

HOLY DOUBLE _HIT Jason. You will get 300K or 400K by this time next year I predict.