Skyrocketing Card Values Lately - Theories?

[Dpeck100]

The Lebron that has been heavily touted as the record breaking modern card is already at 900k.


https://goldinauctions.com/2003_04_U...-LOT60435.aspx


There was a Tik Tok video of Giannis showcasing quite the collection of his own cards.

Justin Beiber has been seen on Instagram showing off his high grade Pokemon collection.

Steve Wozniak was showing off a signed Gem Mint 10 Black Lotus.

Cards are becoming big time and when you get people with serious cash move into markets they make waves and it becomes real.

Years ago Evan Mathis decided he wanted to own a 1982 Wrestling All Stars Series A Hulk Hogan PSA 9. Overnight the market went up significantly on the card because someone with a lot of resources wanted to own it and now the market had to compete with their buying power. Now the prices that Evan drove the market to for that card are cheap.

I use Watchcount.com constantly to monitor activity and there are so many different ID's winning cards and as I stated before the number of watchers has exploded. Watchers don't always mean buyers but when there is a flurry of activity quick on auctions they usually build into a strong finish and this seems to be happening over and over all over the place.

I sold a card today to a buyer with 16 feedback and I checked them out and they have 25 purchases in the past month and a new account. A great offer came in on my Tyson second year Italian Gritti back and I sold it for $225. This was a $40 card a year or so ago in a PSA 5 grade. This is basically the market.

The issue right now is interest rates on cash are zero and all cards are up so if one wants to cash in and sit on the sidelines there is nothing to be made on the safety of cash and unless you find mispriced listings there are no deals to be had so you will be on the outside looking in.

I think also there are a lot of people out there that realize you can win so easily if you buy raw cards and sub them and this keeps money pouring in. I just bought a set of the 1982 Wrestling All Stars Series A and thought the Hogan would grade higher than it did and paid a $200 super express grading fee. Even with that much higher than normal grading fee I could easily make three times my money on the buy and probably more like four and so these kinds of opportunities keep people hunting and buying. I can't buy a stock and say well I know with a little more money pumped in it will go up significantly.

With all the negativity in the world right now it sure has been fun to watch and it is giving many of us something positive to focus on and for that I am grateful.