OT: Michael Jordan Mania

[packs]

The same thing has been happening with many key cards. Look at the prices for 1950 Bowman Jackie Robinsons. When scanning the 57 sales listed under Sold, 22 percent of them came from one seller.

[Peter_Spaeth]

Originally Posted by packs

The same thing has been happening with many key cards. Look at the prices for 1950 Bowman Jackie Robinsons. When scanning the 57 sales listed under Sold, 22 percent of them came from one seller.

There are sellers whose prices on certain types of cards I just view with extreme skepticism. 2016 all over again, in some ways. At least then you could see the encrypted IDs and bidding history.

[packs]

If you take a look at the Sold listing for the 1953 Topps Satchel Paige, another card that has appreciated quickly and to new heights, you will see the same seller over and over again there as well.

[mrreality68]

Originally Posted by packs

If you take a look at the Sold listing for the 1953 Topps Satchel Paige, another card that has appreciated quickly and to new heights, you will see the same seller over and over again there as well.

you are correct and it means we all have to be more aware and more careful on how we purchase, some times from whom we purchase and for how much.

That is what makes this type of forum so important and valuable. To stay informed and get educated be each

Thanks to all

[Snowman]

All these conspiracy theories crack me up. I'm not saying market manipulations never happen, but reading this thread would give someone the impression that every new high is a fake sale. Surely, that's not the case.

The 840k Jordan RC was a real sale by a well known high end collector who posted proof of purchase on social media. He paid "more than it's worth" because he believed it to be one of the best, if not the best, 10s in existence. Sorta like a MBA Black or PWCC S. It's like BGS's black label super premium pricing. Some people care about that stuff. The market clearly does. So did this guy. It's not a fake sale.

There are 328 PSA 10s in existence, and probably half of those have early PSA flips and if cracked out today would get 9s. This is the 52 Mantle of basketball cards. They're not exactly super common. Not in high grade at least.

[Snapolit1]

I thought I read somewhere that in the PSA backlog there are something like 13,000 Jordan cards waiting to be graded.

Originally Posted by Snowman

All these conspiracy theories crack me up. I'm not saying market manipulations never happen, but reading this thread would give someone the impression that every new high is a fake sale. Surely, that's not the case.

The 840k Jordan RC was a real sale by a well known high end collector who posted proof of purchase on social media. He paid "more than it's worth" because he believed it to be one of the best, if not the best, 10s in existence. Sorta like a MBA Black or PWCC S. It's like BGS's black label super premium pricing. Some people care about that stuff. The market clearly does. So did this guy. It's not a fake sale.

There are 328 PSA 10s in existence, and probably half of those have early PSA flips and if cracked out today would get 9s. This is the 52 Mantle of basketball cards. They're not exactly super common. Not in high grade at least.

[Snapolit1]

Actually what I saw was this article about what PSA graded in one month (June).

In one month they graded 2700 1990-91 Fleer.

The bulk of the modern cards graded by PSA–some 277,000—were basketball cards and 50,000 of those featured one player: Michael Jordan. That would seem to indicate a lot of collectors took advantage of last year’s Collectors Club special that offered a chance to grade most standard issue Jordan cards for less than $10. Most of the Jordan cards graded were from 1989-1991 including 2,700 1990-91 Fleer. 7.6% of those were graded Gem Mint 10 and 43% were given a 9. PSA has now graded over 26,000 1990-91 Fleer Jordan cards.

[Snowman]

Originally Posted by Snapolit1

Actually what I saw was this article about what PSA graded in one month (June).

In one month they graded 2700 1990-91 Fleer.

The bulk of the modern cards graded by PSA–some 277,000—were basketball cards and 50,000 of those featured one player: Michael Jordan. That would seem to indicate a lot of collectors took advantage of last year’s Collectors Club special that offered a chance to grade most standard issue Jordan cards for less than $10. Most of the Jordan cards graded were from 1989-1991 including 2,700 1990-91 Fleer. 7.6% of those were graded Gem Mint 10 and 43% were given a 9. PSA has now graded over 26,000 1990-91 Fleer Jordan cards.

They ran a Michael Jordan quarterly special and are grading those cards now. Of course there's a lot. But these aren't 1986 Fleer Jordans. Literally zero of them.

[Peter_Spaeth]

Originally Posted by Snowman

All these conspiracy theories crack me up. I'm not saying market manipulations never happen, but reading this thread would give someone the impression that every new high is a fake sale. Surely, that's not the case.

The 840k Jordan RC was a real sale by a well known high end collector who posted proof of purchase on social media. He paid "more than it's worth" because he believed it to be one of the best, if not the best, 10s in existence. Sorta like a MBA Black or PWCC S. It's like BGS's black label super premium pricing. Some people care about that stuff. The market clearly does. So did this guy. It's not a fake sale.

There are 328 PSA 10s in existence, and probably half of those have early PSA flips and if cracked out today would get 9s. This is the 52 Mantle of basketball cards. They're not exactly super common. Not in high grade at least.

More than it's worth is one of the understatements of all time. PWCC S indeed. From a man who claims not to be a professional grader, no less. Give me a deleted break.

[packs]

It's not just more than it's worth. There's over half a million dollars difference from what the cards were selling at average and this 800K sale. Even if you wanted the "best of the best" how can it cost a half million dollars? We're talking about almost imperceptible differences between 10's.

[Peter_Spaeth]

Originally Posted by packs

It's not just more than it's worth. There's over half a million dollars difference from what the cards were selling at average and this 800K sale. Even if you wanted the "best of the best" how can it cost a half million dollars? We're talking about almost imperceptible differences between 10's.

Not only that, but assuming an honest auction, there must have been a second bidder who wanted it ALMOST as much? Too much to believe.

[Tabe]

Originally Posted by Snowman

This is the 52 Mantle of basketball cards. They're not exactly super common. Not in high grade at least.

Sure they are. There are dozens of them on Ebay at any given time in 9 or 10. There's 16 PSA 10s on Ebay right now in four lots. If somebody wants a PSA 9 or 10, they can have one anytime they want.