Card prices skyrocketing

[pokerplyr80]

Originally Posted by Yoda

Scott, I feel slightly nauseous considering what it would go for today. A '33 Goudey Ruth #53 on REA PSA 5 with the auction now in extending bidding was $55K last time I checked. That must be a record for the grade.

If you're talking about the SGC 5 ending tonight it's at 90k right now.

[rjackson44]

I sold two lebron chrome 2003 rookies psa 10 66 k for both ,,a 24 year old kid bought them ,,i guess the market stinks ,,,

[Seven]

Originally Posted by rjackson44

I sold two lebron chrome 2003 rookies psa 10 66 k for both ,,a 24 year old kid bought them ,,i guess the market stinks ,,,

the better question is where does a 24 year old get 66K from? He either works in Finance or his father must have deep pockets

[dio]

Originally Posted by Seven

the better question is where does a 24 year old get 66K from? He either works in Finance or his father must have deep pockets

maybe work in tech,
prime yrs for tech workers are fresh grad -30
by the time reaches 40s - once got laid off, pretty much done

those new to the industry get a lot of stock options, maybe they use the stocks to buy cards

[ullmandds]

Originally Posted by dio

maybe work in tech,
prime yrs for tech workers are fresh grad -30
by the time reaches 40s - once got laid off, pretty much done

those new to the industry get a lot of stock options, maybe they use the stocks to buy cards

maybe thy mine bitcoin?

[dio]

Originally Posted by ullmandds

maybe thy mine bitcoin?

That too

[rjackson44]

Originally Posted by Seven

the better question is where does a 24 year old get 66K from? He either works in Finance or his father must have deep pockets

These kids are flippers i never asked its none of my business,,they have more money then god ,,he deals in hight end stuff,,then again Greenwich ct is wealthy..

[rjackson44]

Three 1981 topps basketball sets $660 for all i reached out to buy them back $1200 firm its insane lol

[jchcollins]

A '54 Topps Jackie Robinson PSA 1 sold two weeks ago on eBay for $315. Huh?

[Fuddjcal]

Originally Posted by jchcollins

A '54 Topps Jackie Robinson PSA 1 sold two weeks ago on eBay for $315. Huh?

that seems like a pretty decent price for a "slice" of history?
Did it double in about 3 months or so? I think the inventory is down on Jackie.

dealers typically buy the card and immediately relist it for double. Then sell it when and for what they can for a profit. That's been the business model it seems for years and the prices have just caught up.

Now, You have dealers buying cards like 52 Jackie for 13K and then relisting for 80K. Add "private bidders" to the shadiest Curt Shilling F in the world and this is what we get. It's a supply and demand issue I believe, though I've never been good at economics I'm enjoying the explosion and I'll enjoy the decline just as much. I always liked Jackie

[68Hawk]

Originally Posted by Seven

the better question is where does a 24 year old get 66K from? He either works in Finance or his father must have deep pockets

Wife and I own (US Bank too) a condo in Palm Springs to retire to and rent it out over the winter months to help pay mortgage and HOA's.
A mid 20's couple Guy/Gal from Seattle rented it for 2 1/2 months this last Nov-Jan at 4K a month to escape the WA winter blues.
Tech kids, very nice, ran the sheets in the washer and dryer when they left and made note that the second bedroom toilet fluid valve was a slow filler.

Liked them a lot and they want to come back same time next year.
No idea if they like cards, but young professionals who aren't getting married before 30, aren't taking out mortgages, aren't sticking all their dough in cars, don't have kids....well they've got plenty of income to 'enjoy' their lifestyles.

Didn't ask if they liked sportscards, but I think this forum discounts plenty of regular people who love sports, make 45k - 145k, and want to own some cool cards of their sporting icons.

I mean, it's not as if they're blowing it on settees and X (no concerts no raves) so why not?

[rjackson44]

Search card flippers you will see what goes on .These kids drive terrible cars live at home.But no problem spending 200 k at shows ,,look up coleman cards sashat just to start .And it goes on and on ,,

[Pjere]

Originally Posted by 68Hawk

Wife and I own (US Bank too) a condo in Palm Springs to retire to and rent it out over the winter months to help pay mortgage and HOA's.
A mid 20's couple Guy/Gal from Seattle rented it for 2 1/2 months this last Nov-Jan at 4K a month to escape the WA winter blues.
Tech kids, very nice, ran the sheets in the washer and dryer when they left and made note that the second bedroom toilet fluid valve was a slow filler.

Liked them a lot and they want to come back same time next year.
No idea if they like cards, but young professionals who aren't getting married before 30, aren't taking out mortgages, aren't sticking all their dough in cars, don't have kids....well they've got plenty of income to 'enjoy' their lifestyles.

Didn't ask if they liked sportscards, but I think this forum discounts plenty of regular people who love sports, make 45k - 145k, and want to own some cool cards of their sporting icons.

I mean, it's not as if they're blowing it on settees and X (no concerts no raves) so why not?

True that


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[dio]

Digging back old post. price has came down from the peak, who is buying this dip?

[ullmandds]

ive never stopped buying...been buying more than ever last 2 years or so. So Im buying the dip!