Anyone watching the insane basketball card prices?

[Exhibitman]

Geez, Scott, that sucks. I bet you're feeling like a faith healer with appendicitis right about now.

Let's hear from the 'this is real' price rise cheerleaders: [crickets chirping in silence].

[samosa4u]

Late-August was definitely when prices peaked. Let's look at the 1980 Topps Magic/Bird RC:

PSA 7 - August price was $3,500+
Last one went for $1,850.

PSA 8 - August price was $6,500+
Last one went for $4,400.

PSA 9 - August price was around $25,000
Last one went for $16,722.

Baby, yes, I did spend $100,000 USD on basketball cards over the summer, but don't be mad at me. I have a good job and I can easily make this money back ... please baby ... look at me ... oh wait, I know! You want that pink Birkin bag? I can buy it for you right now!

[Lorewalker]

Wow the prices.

Even with all of the passion and excitement that Gary V has for these cards and they could not sustain 5X run up in a few months? Just shocking. Good thing he was not doing this for the money.

[Exhibitman]

Originally Posted by Lorewalker

Wow the prices.

Even with all of the passion and excitement that Gary V has for these cards and they could not sustain 5X run up in a few months? Just shocking. Good thing he was not doing this for the money.

Wait, what are you saying, he's just another soulless shill pumping his own crap for a profit?

[Lorewalker]

Originally Posted by Exhibitman

Wait, what are you saying, he's just another soulless shill pumping his own crap for a profit?

That is absolutely correct. Word is that he has not sold a single card during this time. Just a very passionate buyer who does not need to make a few bucks off of some silly pieces of cardboard.

Your faith in the hobby and humanity is safe until a real scam arises. Imagine if businesses started popping up out of the blue where you could own a piece of a high valued graded card and the valuation on the card was done by the owner of the card who is an owner of the company?

[Exhibitman]

Originally Posted by Lorewalker

Imagine if businesses started popping up out of the blue where you could own a piece of a high valued graded card and the valuation on the card was done by the owner of the card who is an owner of the company?

Not quite as pithy as "Imagine all the people living life in peace" but it does have a certain je ne sais quoi to it.

[Exhibitman]

The Erving 8 seems to sell well around $3,700-$4,000 lately. it was about a $800 card a few years ago, which I felt was criminally low, but i still think it has room to fall at $4K.

[jb67]

I have been following this massive run up and it certainly has cooled big time with most basketball cards. I am glad I sold my Dr. J. rookie and Alcindor rookie as soon the hype started. Now I have to find some good replacements for them.

[maniac_73]

Originally Posted by Exhibitman

Wait, what are you saying, he's just another soulless shill pumping his own crap for a profit?

shocking eh?

[Exhibitman]

1961 Fleer Bill Russell IA PSA 7 $449 this evening, one bid. September 1st, $1150.

[Peter_Spaeth]

Pete Townsend was wrong.