OT: Michael Jordan Mania

[Gorditadogg]

Originally Posted by Eric72

That's the part I find most incredible. A buy-it-now would seem relatively easy to believe. Straight auction? No way.

I don't think it's hard to understand at all. The card has provenance, it was just pulled from a pack so no doctoring, and it is arguably the best of all PSA 10 Jordan rookiess. If you are a high end collector do you want to be one of 100 or do you want to have the #1 best example?



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[Peter_Spaeth]

Originally Posted by Gorditadogg

I don't think it's hard to understand at all. The card has provenance, it was just pulled from a pack so no doctoring, and it is arguably the best of all PSA 10 Jordan rookiess. If you are a high end collector do you want to be one of 100 or do you want to have the #1 best example?



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And who has examined all the PSA 10 Jordans to be in a position to make any such determination? This isn't like saying the card is the best of the FOUR 52T Mantle 10s. How many are there again? Oh wait, 319. I respect your knowledge but that doesn't sound at all persuasive to me.

[Snowman]

Originally Posted by Peter_Spaeth

And who has examined all the PSA 10 Jordans to be in a position to make any such determination? This isn't like saying the card is the best of the FOUR 52T Mantle 10s. How many are there again? Oh wait, 319. I respect your knowledge but that doesn't sound at all persuasive to me.

PWCC said it's the best Jordan 10 they've every had in their possession. To some, perhaps to most, that is meaningless. But to others, that means everything. PSA doesn't have a "black label" premium 10 like BGS does, but if they did, just imagine what the single most sought after card in all of basketball would sell for at auction. The buyer is a well known collector with an insane collection worth countless millions of dollars. It's a real sale. Some people just want to overpay to be #1. This guy is one of those people. He thinks this is the best Jordan rookie that exists. It is what it is.

As far as other Jordan 10s go, I have seen numerous slabs of these where there's no way it would get a 10 today if cracked and resubbed. The ones that are listed on eBay in perpetuity are often of this ilk. Most collectors know that those are really just 9s in a 10 holder, so they avoid them or they sell for quite a bit less. Not all 10s are the same, and in the high-end market the variance in sales price is extremely wide, just like it is with vintage baseball. I pointed out recently that in that exact same PWCC Premium Auction there were two 52 Mantles that sold, one was a 1.5, the other was a 3.5. The 1.5 sold for MORE than the 3.5 because of eye appeal. How do you explain that? It's not because the 1.5 was shill bid up. I know because I bid on the 1.5 myself. I was the 2nd highest bidder on it. It's the same thing with the Jordan RC. It's all about perception and eye appeal. You can say the guy was conned by the PWCC "Superior" sticker and provenance story of it being the only PSA 10 that PSA has given on a Jordan RC in over a year, or the inside stories about the graders at PSA calling everyone in to check out the card when it was there because they said it was the best one they'd ever seen and that there was video footage of it being pulled from the box. Maybe all that stuff is just nonsense marketing, but it mattered to some people and those people paid through the nose for it. The buyer is happy. I say let him be. No need for the conspiracy theories here.

[Stampsfan]

Originally Posted by Snowman

...I pointed out recently that in that exact same PWCC Premium Auction there were two 52 Mantles that sold, one was a 1.5, the other was a 3.5. The 1.5 sold for MORE than the 3.5 because of eye appeal. How do you explain that? It's not because the 1.5 was shill bid up. I know because I bid on the 1.5 myself. I was the 2nd highest bidder on it.

Do you have a link to the 1.5? I can find the SGC 3.5 but cannot find the afore-mentioned 1.5.

Thanks...

[Snowman]

Originally Posted by Stampsfan

Do you have a link to the 1.5? I can find the SGC 3.5 but cannot find the afore-mentioned 1.5.

Thanks...

I can't seem to find it now. I don't see the July auction results posted anywhere. You can see it in some of the YouTube videos where people have watch parties I guess, but I haven't found a link to the card itself yet. Which makes me wonder if maybe the guy didn't pay for it? Ugg, that would suck, because I would have won it otherwise if so.

[Lorewalker]

Originally Posted by Snowman

PWCC said it's the best Jordan 10 they've every had in their possession. To some, perhaps to most, that is meaningless. But to others, that means everything. PSA doesn't have a "black label" premium 10 like BGS does, but if they did, just imagine what the single most sought after card in all of basketball would sell for at auction. The buyer is a well known collector with an insane collection worth countless millions of dollars. It's a real sale. Some people just want to overpay to be #1. This guy is one of those people. He thinks this is the best Jordan rookie that exists. It is what it is.

As far as other Jordan 10s go, I have seen numerous slabs of these where there's no way it would get a 10 today if cracked and resubbed. The ones that are listed on eBay in perpetuity are often of this ilk. Most collectors know that those are really just 9s in a 10 holder, so they avoid them or they sell for quite a bit less. Not all 10s are the same, and in the high-end market the variance in sales price is extremely wide, just like it is with vintage baseball. I pointed out recently that in that exact same PWCC Premium Auction there were two 52 Mantles that sold, one was a 1.5, the other was a 3.5. The 1.5 sold for MORE than the 3.5 because of eye appeal. How do you explain that? It's not because the 1.5 was shill bid up. I know because I bid on the 1.5 myself. I was the 2nd highest bidder on it. It's the same thing with the Jordan RC. It's all about perception and eye appeal. You can say the guy was conned by the PWCC "Superior" sticker and provenance story of it being the only PSA 10 that PSA has given on a Jordan RC in over a year, or the inside stories about the graders at PSA calling everyone in to check out the card when it was there because they said it was the best one they'd ever seen and that there was video footage of it being pulled from the box. Maybe all that stuff is just nonsense marketing, but it mattered to some people and those people paid through the nose for it. The buyer is happy. I say let him be. No need for the conspiracy theories here.

To each their own but PWCC telling me it is the best they have handled means nothing and is nothing more than a means to push a card...most likely one they have an interest in too. If the buyer is happy, that is all that matters but PWCC's designation and proclamations are BS. He has sold a lot of Jordan 10s over the years but this one was the nicest? OK. I need a little more than that but if that is good enough for you, party on.

[ullmandds]

Originally Posted by Lorewalker

To each their own but PWCC telling me it is the best they have handled means nothing and is nothing more than a means to push a card...most likely one they have an interest in too. If the buyer is happy, that is all that matters but PWCC's designation and proclamations are BS. He has sold a lot of Jordan 10s over the years but this one was the nicest? OK. I need a little more than that but if that is good enough for you, party on.

Booyah!

[Snapolit1]

The notion that anyone could sell a dozen or so PSA 10s of the same card and then declare that this is the best 10 we’ve ever sold is so asinine it defies any response. 10s by their nature are supposed to be essentially flawless. But this one here? That’s the most flawless of all.
I’m sorry but that’s comical.
I mean that sounds like the sort of thing you’d hear some confidence man say in some movie set in 1880 trying to pass off a phony Diamond ring to some rich old lady. And you’d laugh at the absurdity of it.

[Aquarian Sports Cards]

Originally Posted by Snapolit1

The notion that anyone could sell a dozen or so PSA 10s of the same card and then declare that this is the best 10 we’ve ever sold is so asinine it defies any response. 10s by their nature are supposed to be essentially flawless. But this one here? That’s the most flawless of all.
I’m sorry but that’s comical.
I mean that sounds like the sort of thing you’d hear some confidence man say in some movie set in 1880 trying to pass off a phony Diamond ring to some rich old lady. And you’d laugh at the absurdity of it.

I believe the correct term is flawlessest...

[Snowman]

Originally Posted by Lorewalker

To each their own but PWCC telling me it is the best they have handled means nothing and is nothing more than a means to push a card...most likely one they have an interest in too. If the buyer is happy, that is all that matters but PWCC's designation and proclamations are BS. He has sold a lot of Jordan 10s over the years but this one was the nicest? OK. I need a little more than that but if that is good enough for you, party on.

It's definitely not good enough for me. I would never pay a premium to "have the best 10" of anything. I'm just acknowledging that some people will and do. There are a lot of billionaires in this world, and many of them are collectors. Most billionaires care greatly about status. It's more of an ego thing. 840k dollars is like pocket change to them. It's an entirely different world of collecting.

[Gorditadogg]

Originally Posted by Peter_Spaeth

And who has examined all the PSA 10 Jordans to be in a position to make any such determination? This isn't like saying the card is the best of the FOUR 52T Mantle 10s. How many are there again? Oh wait, 319. I respect your knowledge but that doesn't sound at all persuasive to me.

Peter I have a ton of respect for you as well and have learned a lot from your posts. I sure don't expect to persuade you on anything once you've formed an opinion on it.

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