Anyone watching the insane basketball card prices?

[irv]

Originally Posted by samosa4u

Excellent post! Yeah, I think that's what Gary Vaynerchuk did. He probably spent like half a million on basketball cards, and now he is going to turn it into ten million. Again, I am not sure about the numbers here. He might have spent a million or more, but based on the way he is behaving, it's OBVIOUS that he has invested quite a bit into it. Go look at his Twitter account!

Just looking at GV's Twitter account I really don't see anything nefarious or ill advised regarding any sports card?
What I do see is a guy, who is obviously passionate about cards, advising people of the pro's and con's of sports card collecting and the pitfalls/pluses of getting into it, especially if you are a newbie.

His Twitter account has links to stories he has written and the 2 I looked at, I honestly didn't see anything about pumping cards/prices up nor anything else of that nature. Maybe there is more to this story that I don't know about but to me, at least, he just seems like a passionate collector who is not afraid to share some advice.

https://twitter.com/garyvee?ref_src=...Ctwgr%5Eauthor
https://www.one37pm.com/strength/spo...-value-grading
https://www.one37pm.com/culture/news...g-sports-cards

[samosa4u]

Originally Posted by irv

Just looking at GV's Twitter account I really don't see anything nefarious or ill advised regarding any sports card?
What I do see is a guy, who is obviously passionate about cards, advising people of the pro's and con's of sports card collecting and the pitfalls/pluses of getting into it, especially if you are a newbie.

His Twitter account has links to stories he has written and the 2 I looked at, I honestly didn't see anything about pumping cards/prices up nor anything else of that nature. Maybe there is more to this story that I don't know about but to me, at least, he just seems like a passionate collector who is not afraid to share some advice.

https://twitter.com/garyvee?ref_src=...Ctwgr%5Eauthor
https://www.one37pm.com/strength/spo...-value-grading
https://www.one37pm.com/culture/news...g-sports-cards

You are a simple chap, Dale.

You can't see what's going on, but I can. There are lots of "PUMP POSTS" on his Twitter account:

I can't stop buying ... oh my God ... can't stop ... I love these basketball cards so much ... they are so ADDICTING ... I love these 86' and 61' Fleer cards ... collecting them is so much FUN! YAYYY!!!

Those are all PUMP POSTS, my friend. And you know how I can see this? Because I'm guilty of doing it myself, but not to that extent.

Probably the GREATEST PUMPER of ALL-TIME lurks on this forum. He has purchased cards that were at one time worthless, and when he retires, he will probably make a few million. And I don't envy him or anything like that. I have actually praised him many times. PUMPING takes a lot of hard work and dedication, and if done well, you can score big.

[Exhibitman]

Nice cards...

[mintacular]

I think Gary V is a multi-millionaire who also fell back into the hobby, he doesn't need to pump and dump this stuff--he might actually just be having fun.

One of my regrets is selling my Magic/Bird PSA 7 in January for $400. It's now 4K There was no way to predict that spike at that time so I don't feel too crappy about it. I usually don't dip into my PC but I kinda needed to to make down deposit on a vintage baseball set. Oh well, lesson learned I guess.

[Exhibitman]

PSA 2 Alcindor $989 BIN...for a two...maybe we are in FOMO sucker time?

[samosa4u]

Originally Posted by mintacular

I think Gary V is a multi-millionaire who also fell back into the hobby, he doesn't need to pump and dump this stuff--he might actually just be having fun.

Do you want to know what is more addicting than alcohol, tobacco and heroin? Money! All the rich folks out there are always trying to find ways to grow their net worth. No matter how much they have, they are never satisfied!

Gary is a businessman! He made millions by making the right decisions in life. Do you think he will still have that Wilt and Russell (see post #48 for picture) after they drop three-hundred percent? I doubt it.

[Jewish-collector]

Agreed.

He assumed day-to-day control of his father's Springfield, New Jersey store, Shopper's Discount Liquors. Gary renamed the store to Wine Library, launched sales online. Through e-commerce and pricing strategies, Vaynerchuk grew the business from $3 million a year to $60 million a year by 2003. The key was that he created the online version. I guess the same idea that Netflix did from the retail store to mail.