The Jordan 10 -- Goldin and PWCC

[Johnny630]

Originally Posted by drcy

Some prices are inherently not legitimate.

It should also be noted that rich businessmen didn't become rich by overpaying by 3x. They likely are more savvy and prudent about such purchases than the average person.

Agree but just because you're rich doesn't mean you can't get caught up in craziness and overbid or invest in something you probably should not have.

[Exhibitman]

840K?

[Johnny630]

Originally Posted by Exhibitman

840K?

Exaclty

[Wanaselja]

https://www.sportscollectorsdaily.co...record-840000/

[Johnny630]

Originally Posted by Wanaselja

https://www.sportscollectorsdaily.co...record-840000/

Believing that story about it being recently pulled from a pack and just graded ...I have some ocean front property in Nebraska to sell you as well.

[ullmandds]

Originally Posted by Johnny630

Believing that story about it being recently pulled from a pack and just graded ...I have some ocean front property in Nebraska to sell you as well.

agreed...and the likelihood is after the card was pulled...it had a docters visit!

[parkplace33]

Where there is smoke…

[Peter_Spaeth]

Originally Posted by Johnny630

Believing that story about it being recently pulled from a pack and just graded ...I have some ocean front property in Nebraska to sell you as well.

As Goodwin pointed out to a friend of mine decades ago, he could report any price he wanted to. That's the great thing about this hobby -- anyone can say anything without having to provide proof, and most people will believe it because that's human nature. It may not be as bad as a certain lawyer claims -- that there is more dishonesty in the hobby than in organized crime -- but it's pretty damn bad IMO.

Rule of thumb -- if something leaves you just bewildered and shaking your head, there's probably more to the story.

[Peter_Spaeth]

Originally Posted by Johnny630

Agree but just because you're rich doesn't mean you can't get caught up in craziness and overbid or invest in something you probably should not have.

More likely to me there is some BS going on than it's a real sale where a wealthy guy was THAT stupid.

[Wanaselja]

Originally Posted by Peter_Spaeth

More likely to me there is some BS going on than it's a real sale where a wealthy guy was THAT stupid.

See link above. It was exactly that.

[Peter_Spaeth]

Originally Posted by Wanaselja

See link above. It was exactly that.

Moses was found on a stream
Moses was found on a stream
Floated on water till old Pharoah's daughter
Fished him she says from that stream

[Lorewalker]

Originally Posted by Peter_Spaeth

More likely to me there is some BS going on than it's a real sale where a wealthy guy was THAT stupid.

If the original charade topping out in Jan 2021 were still going on with the Jordan's then an 840K number by PWCC to outdo Goldin makes sense. To me this is just another effort of a run up. Nobody can have that much money or can be that ignorant to drop 840K on a card that is selling routinely for under 300K.

[Peter_Spaeth]

Originally Posted by Lorewalker

If the original charade topping out in Jan 2021 were still going on with the Jordan's then an 840K number by PWCC to outdo Goldin makes sense. To me this is just another effort of a run up. Nobody can have that much money or can be that ignorant to drop 840K on a card that is selling routinely for under 300K.

Of course to get to 840 you need an underbidder lol.

[Lorewalker]

Originally Posted by Peter_Spaeth

Of course to get to 840 you need an underbidder lol.

Define underbidder, please.

[Peter_Spaeth]

Originally Posted by Lorewalker

Define underbidder, please.

In theory, someone else who wanted the thing for almost as much as the high bidder did, 3x what they go for or 3.2 or whatever it works out to. In theory.

[Johnny630]

What assets are allowed to be used to purchase from ebay? Can you use crypto? Can a group of people pay for one item ? If the card was sold off ebay don't they have to go by their terms of payment?

[Lorewalker]

Originally Posted by Peter_Spaeth

In theory, someone else who wanted the thing for almost as much as the high bidder did, 3x what they go for or 3.2 or whatever it works out to. In theory.

Oh THAT definition. Yeah not sure that one applies here but thanks for playing. We have some lovey parting gifts for you.

[Aquarian Sports Cards]

Originally Posted by Peter_Spaeth

Of course to get to 840 you need an underbidder lol.

Sort of. Unless Brent is guaranteeing the underbidder that he won't win. Not that anything like that has ever happened...

[JimC]

The gentleman has a very discerning eye.

[egri]

Originally Posted by Peter_Spaeth

More likely to me there is some BS going on than it's a real sale where a wealthy guy was THAT stupid.

Sir Isaac Newton got so caught up in the South Sea Company debacle that after he sold his stock, he bought back in at a higher price and lost the equivalent of $3 million. For the rest of his life he forbade anyone to speak the words 'South Sea Company' in his presence. If it happened to him, it can happen to any of these social media influencers, r/WallStreetBets bros, and many others of an entirely different character.

[tschock]

Originally Posted by egri

Sir Isaac Newton got so caught up in the South Sea Company debacle that after he sold his stock, he bought back in at a higher price and lost the equivalent of $3 million. For the rest of his life he forbade anyone to speak the words 'South Sea Company' in his presence. If it happened to him, it can happen to any of these social media influencers, r/WallStreetBets bros, and many others of an entirely different character.

Also consider the majority of family fortunes are gone within 3 generations. The rich don't necessarily stay rich.