Ken Goldin Video on State of the Hobby

[Goldin Auctions]

Originally Posted by japhi

Those sales were "made" to pump the auction house, not the card IMO.. At 20% BP they only needed to pick up 5MM in additional consignments to get a positive ROI, even with the PSA 10 @ 200K. They likely picked up significantly more then that, the press on those sales was worth more then the value of the cards.

And I doubt the cards were paid for in the true sense of the word, it's generally understood they were "purchased" by investors in the auction house - Goldin raised something like 50MM prior to that auction. I'm guess these cards we some sort of 'in kind' transfer.

Either way, a whole bunch of BS, those sales were a joke when they happened and look even more ridiculous now.

Matt Landry
As a company we do not make it a habit to respond to every comment on various forum message boards, however this is an out of line statement, surprised you would make such a public claim.
Please note the following
1. the 2 Jordan PSA 10s sold in January were purchased by 2 different, extremely well known wealthy US businessmen. Both cards still reside in each of their collections, both of which are 8 figure collections. We wish we could disclose the winners, but unless they do themselves we take client confidentiality seriously.
2. Neither of the 2 individuals are shareholders or investors in Goldin Auctions.
3. Both transactions were quickly paid for.

[Lorewalker]

There have been 58 sales of Jordan 10s according to VCP since Jan 2020, at which time and for the LONGEST time, this was a 40K card. The breakdown of the 58 sales is as follows:

ebay seller manontherock 2
REA 3
Probstein123 4
Single Sales by individual ebay sellers and auction houses 7
Heritage 8
PWCC or PWCC Vault 12 (excluding the example that just sold for 180K which is now gone from VCP)
Goldin 22

[Johnny630]

Originally Posted by Lorewalker

There have been 58 sales of Jordan 10s according to VCP since Jan 2020, at which time and for the LONGEST time, this was a 40K card. The breakdown of the 58 sales is as follows:

ebay seller manontherock 2
REA 3
Probstein123 4
Single Sales by individual ebay sellers and auction houses 7
Heritage 8
PWCC or PWCC Vault 12 (excluding the example that just sold for 180K which is now gone from VCP)
Goldin 22

The fundamentals just were never there to me for this card in a PSA 10 to sell in the $700,000 Range. Now they’re selling under 300,000.

I’ve been saying this for months I don’t care what anyone says many sales in Jan-March were Fantasy.

[Lorewalker]

Originally Posted by Johnny630

The fundamentals just were never there to me for this card in a PSA 10 to sell in the $700,000 Range. Now they’re selling under 300,000.

I’ve been saying this for months I don’t care what anyone says many sales in Jan-March were Fantasy.

It all felt manufactured/manipulated to me. It is not a 700K card nor is it a 300K card, imo. The 86 Jordan was not the only card which was selling for many multiples of what it had been in the previous year and most of those cards are coming back down to Earth too. I have to suspect there are some extraordinary paper losses mid June 2021 for the average collector.

[ullmandds]

Originally Posted by Lorewalker

It all felt manufactured/manipulated to me. It is not a 700K card nor is it a 300K card, imo. The 86 Jordan was not the only card which was selling for many multiples of what it had been in the previous year and most of those cards are coming back down to Earth too. I have to suspect there are some extraordinary paper losses mid June 2021 for the average collector.

Maybe some people entered into the situation expecting to take a large short term loss to offset other short term gains?

[Johnny630]

Originally Posted by ullmandds

Maybe some people entered into the situation expecting to take a large short term loss to offset other short term gains?

Agree it’s been my belief The Money Was Made on the Under Cards......Jordan’s a year or two later 87’s 88’s 89’s ect, onto, stickers,and mostly lower grades 7,8, and 9’s

[Republicaninmass]

Originally Posted by Johnny630

Agree it’s been my belief The Money Was Made on the Under Cards......Jordan’s a year or two later 87’s 88’s 89’s ect, onto, stickers,and mostly lower grades 7,8, and 9’s

See goldin auctions. I believe they had 36 86 fleer jordans, including stickers, in ONE auction. Who would think that was a good idea?

Use common sense

[japhi]

Originally Posted by Goldin Auctions

Matt Landry
As a company we do not make it a habit to respond to every comment on various forum message boards, however this is an out of line statement, surprised you would make such a public claim.
Please note the following
1. the 2 Jordan PSA 10s sold in January were purchased by 2 different, extremely well known wealthy US businessmen. Both cards still reside in each of their collections, both of which are 8 figure collections. We wish we could disclose the winners, but unless they do themselves we take client confidentiality seriously.
2. Neither of the 2 individuals are shareholders or investors in Goldin Auctions.
3. Both transactions were quickly paid for.

Thanks for the response Ken. I deleted my original post and apologize.

[mechanicalman]

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