Recent price action

[Johnny630]

Originally Posted by chriskim

Just need to compare the prices of 1986 Fleer Jordan RC PSA10 then we know the market is going south and head back to "normal". That card was at a $640K level (sold at that price twice in the same auction) and now down to $250K. It should back down to a 5 figure card by EOY.

IMO those were never real numbers, were all BS. That's just me. I think they were artificially inflated by investor groups to run up the under cards.

[egbeachley]

....and then a Gretzky RC sells for $3.75 million......

[darwinbulldog]

Originally Posted by egbeachley

....and then a Gretzky RC sells for $3.75 million......

Oh good. I have one of those. Please tell me it was a BGS 4.5.

[Rich Falvo]

Originally Posted by darwinbulldog

Oh good. I have one of those. Please tell me it was a BGS 4.5.

Haha. Was just about to say the same thing about my SGC 4.5

[BobbyStrawberry]

Things seem to be tanking across the board. It will be interesting to see how far down we go.

[Johnny630]

For the Past Couple of Years I have been going to the Post Office at least 3-5 times a week and What I have noticed since early March is a large New Submission and Renewal of Passport Applications being done at several of the branches in the Central/Western Maryland Region.

People are scheduling vacations and travel....I feel a lot of husbands are going to be spending their disposable monies this spring/summer/fall on taking their family on vacation and not on ebay or other venues. Idk could be wrong just some of my observations over the past few months.

[Kutcher55]

I don't think you can really look at the Jordan RC PSA 10s of the world to determine the direction of the overall market. For the majority who play in the mere mortal world of cards costing anywhere from $5 to $5000 (and I do understand many people on net54 go above this threshold) I would say prices are certainly down from the peak, which to me was the insane PWCC auction that closed on Valentine's day.

Without hard data, but nonetheless being a math guy and and analyst who focuses on certain mid grade cards, I think the vintage baseball market had a long run-up from late '19 up until early '21 and then when Hank Aaron passed away on January 22nd (RIP great man) the market went into complete insane overdrive for 3-4 weeks and you saw prices in some cases double. For the other sports, particularly basketball, this explosion happened earlier.

Anyway, since February 14th things began to decline subtly at first and I think that decline has accelerated some lately as many predicted would happen when the vaccines started to work and people began planning to spend money on other stuff this summer. That all said, the market is still above mid January 2021 levels by my count. There are fewer deals happening as people who overspent hold out and you can see more buyers getting shy on the trigger. So if you ask me there's probably some additional decline coming, but the real test won't happen until winter when it gets freezing again in the north and people have less to do.

[Snapolit1]

Good take. I think that's very insightful.

Originally Posted by Kutcher55

I don't think you can really look at the Jordan RC PSA 10s of the world to determine the direction of the overall market. For the majority who play in the mere mortal world of cards costing anywhere from $5 to $5000 (and I do understand many people on net54 go above this threshold) I would say prices are certainly down from the peak, which to me was the insane PWCC auction that closed on Valentine's day.

Without hard data, but nonetheless being a math guy and and analyst who focuses on certain mid grade cards, I think the vintage baseball market had a long run-up from late '19 up until early '21 and then when Hank Aaron passed away on January 22nd (RIP great man) the market went into complete insane overdrive for 3-4 weeks and you saw prices in some cases double. For the other sports, particularly basketball, this explosion happened earlier.

Anyway, since February 14th things began to decline subtly at first and I think that decline has accelerated some lately as many predicted would happen when the vaccines started to work and people began planning to spend money on other stuff this summer. That all said, the market is still above mid January 2021 levels by my count. There are fewer deals happening as people who overspent hold out and you can see more buyers getting shy on the trigger. So if you ask me there's probably some additional decline coming, but the real test won't happen until winter when it gets freezing again in the north and people have less to do.

[Peter_Spaeth]

Originally Posted by Johnny630

IMO those were never real numbers, were all BS. That's just me. I think they were artificially inflated by investor groups to run up the under cards.

I suspect the same on many of the prices that were on Mars.