Goldin Results -- Tale of Two Cards

[cardsagain74]

For the last year and a half, all the talk about the '86 Fleer Jordan PSA 10 has focused on how awful things are.

It was a 30 k card three years ago. If it had gone steadily higher since then to 180 k today, everyone would only be talking about how amazing today's price is.

But 30 k to a huge (impossible to last) mania bubble of 300-500 k to 180 k, and it's seen like a horrible market failure.

[Exhibitman]

Originally Posted by cardsagain74

For the last year and a half, all the talk about the '86 Fleer Jordan PSA 10 has focused on how awful things are.

It was a 30 k card three years ago. If it had gone steadily higher since then to 180 k today, everyone would only be talking about how amazing today's price is.

But 30 k to a huge (impossible to last) mania bubble of 300-500 k to 180 k, and it's seen like a horrible market failure.

i think the Godfather of Soul summed it up perfectly:

You don't miss nothing you never had/
But you miss so much you wish you could get



Hah!

Most of us don't have a PSA 10 Jordan/
But we wish we did so we could have cashed in.
Hah!

[Johnny630]

Originally Posted by cardsagain74

For the last year and a half, all the talk about the '86 Fleer Jordan PSA 10 has focused on how awful things are.

It was a 30 k card three years ago. If it had gone steadily higher since then to 180 k today, everyone would only be talking about how amazing today's price is.

But 30 k to a huge (impossible to last) mania bubble of 300-500 k to 180 k, and it's seen like a horrible market failure.

On Word MANIPULATION

[D. Bergin]

I don't think it's a coincidence that some of these insane prices for modern cards also coincided with the NFT/Crypto craze, and some auction houses claiming to take different forms of crypto as payment.

I'd be curious with how that 700K Jordan was paid for. Did some crypto bro pay for it with his own made up currency, similar to how the NFT art market was manipulated, until that house of cards came crashing down?