Anyone watching the insane basketball card prices?

jimjim · #1 08-16-2020, 01:37 PM

I have been in the market for a Kareem rookie and Bob Cousy rookie since the end of last year. I was trying to be picky for a low grade nicely centered version of both of those. I kept putting it off because the prices had been relatively stable for a long time. Guess I missed the boat on those two. Especially Kareem. His prices are insane.

By the way who is Gary V?

Exhibitman · #2 08-16-2020, 03:00 PM

That's what I don't understand: who is that guy and why does anyone care what he thinks?

jimjim · #3 08-16-2020, 05:10 PM

Quote:

Originally Posted by Exhibitman

That's what I don't understand: who is that guy and why does anyone care what he thinks?

I just did some research� For what it�s worth. Seems like he is a pump and dump guy. Just like people do with penny stocks in the stock market. This guy talks stuff up and people jump on and ride the wave and try to jump out before things crash. Kinda sad that this is what has had happened to the hobby over the past 4-5 months. I guess I�ll hope that prices come down and I can buy a few things for my collection.

samosa4u · #4 08-18-2020, 12:33 PM

Quote:

Originally Posted by jimjim

I just did some research… For what it’s worth. Seems like he is a pump and dump guy. Just like people do with penny stocks in the stock market. This guy talks stuff up and people jump on and ride the wave and try to jump out before things crash. Kinda sad that this is what has had happened to the hobby over the past 4-5 months. I guess I’ll hope that prices come down and I can buy a few things for my collection.

Excellent post! Yeah, I think that's what Gary Vaynerchuk did. He probably spent like half a million on basketball cards, and now he is going to turn it into ten million. Again, I am not sure about the numbers here. He might have spent a million or more, but based on the way he is behaving, it's OBVIOUS that he has invested quite a bit into it. Go look at his Twitter account!

irv · #5 08-18-2020, 01:19 PM

Quote:

Originally Posted by samosa4u

Excellent post! Yeah, I think that's what Gary Vaynerchuk did. He probably spent like half a million on basketball cards, and now he is going to turn it into ten million. Again, I am not sure about the numbers here. He might have spent a million or more, but based on the way he is behaving, it's OBVIOUS that he has invested quite a bit into it. Go look at his Twitter account!

Just looking at GV's Twitter account I really don't see anything nefarious or ill advised regarding any sports card?
What I do see is a guy, who is obviously passionate about cards, advising people of the pro's and con's of sports card collecting and the pitfalls/pluses of getting into it, especially if you are a newbie.

His Twitter account has links to stories he has written and the 2 I looked at, I honestly didn't see anything about pumping cards/prices up nor anything else of that nature. Maybe there is more to this story that I don't know about but to me, at least, he just seems like a passionate collector who is not afraid to share some advice.

https://twitter.com/garyvee?ref_src=...Ctwgr%5Eauthor
https://www.one37pm.com/strength/spo...-value-grading
https://www.one37pm.com/culture/news...g-sports-cards

samosa4u · #6 08-18-2020, 02:31 PM

Quote:

Originally Posted by irv

Just looking at GV's Twitter account I really don't see anything nefarious or ill advised regarding any sports card?
What I do see is a guy, who is obviously passionate about cards, advising people of the pro's and con's of sports card collecting and the pitfalls/pluses of getting into it, especially if you are a newbie.

His Twitter account has links to stories he has written and the 2 I looked at, I honestly didn't see anything about pumping cards/prices up nor anything else of that nature. Maybe there is more to this story that I don't know about but to me, at least, he just seems like a passionate collector who is not afraid to share some advice.

https://twitter.com/garyvee?ref_src=...Ctwgr%5Eauthor
https://www.one37pm.com/strength/spo...-value-grading
https://www.one37pm.com/culture/news...g-sports-cards

You are a simple chap, Dale.

You can't see what's going on, but I can. There are lots of "PUMP POSTS" on his Twitter account:

I can't stop buying ... oh my God ... can't stop ... I love these basketball cards so much ... they are so ADDICTING ... I love these 86' and 61' Fleer cards ... collecting them is so much FUN! YAYYY!!!

Those are all PUMP POSTS, my friend. And you know how I can see this? Because I'm guilty of doing it myself, but not to that extent.

Probably the GREATEST PUMPER of ALL-TIME lurks on this forum. He has purchased cards that were at one time worthless, and when he retires, he will probably make a few million. And I don't envy him or anything like that. I have actually praised him many times. PUMPING takes a lot of hard work and dedication, and if done well, you can score big.

Exhibitman · #7 08-18-2020, 06:20 PM

Nice cards...

Jewish-collector · #8 08-16-2020, 05:11 PM

I can now only afford a reprint Alcindor rookie.

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