Ken Goldin Video on State of the Hobby

Peter_Spaeth · #1 06-18-2021, 05:20 PM

Why would wealthy, successful, presumably sophisticated businessmen pay sums for a card completely out of line with historical values and indeed any value to date? The card isn't even close to rare even in a 10, what were they thinking, or maybe in context it was chump change and they didn't care? It does seem a lot of people leave their senses and sophistication and critical thinking behind when it comes to cards.

notfast · #2 06-18-2021, 06:27 PM

Quote:

Originally Posted by Peter_Spaeth

Why would wealthy, successful, presumably sophisticated businessmen pay sums for a card completely out of line with historical values and indeed any value to date? The card isn't even close to rare even in a 10, what were they thinking, or maybe in context it was chump change and they didn't care? It does seem a lot of people leave their senses and sophistication and critical thinking behind when it comes to cards.

I�m sure they were �advised� by someone with a reason to boost the values�

Peter_Spaeth · #3 06-18-2021, 06:39 PM

Quote:

Originally Posted by notfast

I’m sure they were “advised” by someone with a reason to boost the values…

If that happened, it would be far from the first time. I recall the guy a couple of years back who would ask Brent how high he should bid on cards Brent was selling. People just check their life skills and common sense at the door.

Peter_Spaeth · #4 06-18-2021, 06:42 PM

https://www.blowoutforums.com/showthread.php?t=1471997

Johnny630 · #5 06-18-2021, 06:49 PM

Quote:

Originally Posted by Peter_Spaeth

https://www.blowoutforums.com/showthread.php?t=1471997

What a Crock Of Sh&t.

Peter_Spaeth · #6 06-18-2021, 06:50 PM

Quote:

Originally Posted by Johnny630

What a Crock Of Sh&t.

1984-ish.

Leon · #7 06-18-2021, 06:31 PM

Quote:

Originally Posted by Peter_Spaeth

Why would wealthy, successful, presumably sophisticated businessmen pay sums for a card completely out of line with historical values and indeed any value to date? The card isn't even close to rare even in a 10, what were they thinking, or maybe in context it was chump change and they didn't care? It does seem a lot of people leave their senses and sophistication and critical thinking behind when it comes to cards.

I think it could be as easy as some billionaires son seeing an MJ rookie on TikToc or something and telling the dad to buy it. Or any of a million other scenarios where folks who are smart don't make great decisions sometimes.
There are a lot of people with a lot of money nowadays, I just wish I was one of them. I think some gamblers gambled and lost and some made money. Not my gig....but to each their own.

.

Tabe · #8 06-18-2021, 11:10 PM

Quote:

Originally Posted by Leon

I think it could be as easy as some billionaires son seeing an MJ rookie on TikToc or something and telling the dad to buy it. Or any of a million other scenarios where folks who are smart don't make great decisions sometimes.
There are a lot of people with a lot of money nowadays, I just wish I was one of them. I think some gamblers gambled and lost and some made money. Not my gig....but to each their own.

.

TWO billionaires and they both just happened to settle on the same way out of whack price? Sure.

Peter_Spaeth · #9 06-19-2021, 10:58 AM

Quote:

Originally Posted by Tabe

TWO billionaires and they both just happened to settle on the same way out of whack price? Sure.

There have been so many confirmed shenanigans and lies in this hobby that I think we're conditioned to being skeptical of almost anything almost anyone says.

Hankphenom · #10 06-19-2021, 11:43 AM

Omg, that video.

joed25 · #11 06-19-2021, 11:51 PM

I just watched the whole video. I think Ken is fantastic. Very good for the hobby. Looking forward to the TV show.

Hankphenom · #12 06-20-2021, 09:09 AM

Quote:

Originally Posted by joed25

I just watched the whole video. I think Ken is fantastic. Very good for the hobby. Looking forward to the TV show.

I actually agree with this sentiment, although like so many others here none of this has anything to do with me. But it will come down to whether Ken Goldin ("...Ken Goldin, look at them cards that he holdin"--oh, no, it's the dreaded earworm!) is playing it straight, like Mr. Mint apparently did, or is manipulating the market like some other well-known former hobby icons. Every endeavor needs some colorful characters to give it some spice, and I wish Ken Goldin ("...Ken Goldin, look at...--oh, no, not again!!!!) all the success he can create for himself as long as he doesn't end up bringing another black eye to the hobby like so many of his predecessors from the P.T. Barnum school of marketing.

ullmandds · #13 06-20-2021, 10:03 AM

in the ken goldin rap...who is "rick" that is referred to?

jerseygary · #14 06-20-2021, 12:16 PM

Quote:

Originally Posted by joed25

I just watched the whole video. I think Ken is fantastic. Very good for the hobby. Looking forward to the TV show.

I think you're referring the Bloomberg video from last week, right?

https://www.bloomberg.com/news/video...et-class-video

I thought it was a great piece that goes over both vintage and modern cards and memorabilia, and how Ken started as a kid and eventually wound up running a massive auction house. While there's the money talk, it also shows how he enjoys the hobby and collecting (he says his prize piece is a Babe Ruth game used bat). He also tries to get the next generation interested in cards with the set breaks he does with his 7-year-old son on Instagram and other social media

Tabe · #15 06-21-2021, 02:58 AM

Quote:

Originally Posted by Peter_Spaeth

There have been so many confirmed shenanigans and lies in this hobby that I think we're conditioned to being skeptical of almost anything almost anyone says.

Well, when the words are coming from a guy who literally told me he didn't care items in his first auction were bootlegs, yeah, I'm gonna be skeptical.

troutbum97 · #16 07-02-2021, 10:02 AM

Any Net 54 members bidding heavy on this live stream box break?

WTF -

https://goldinauctions.com/1996_97_T...LOT101818.aspx

HistoricNewspapers · #17 06-18-2021, 07:23 PM

While it would be pretty hard to argue against bidding shenanigans happening in some cases...the market has also legitimately risen in tandem.

PSA 7 Julius Erving rookies are still selling for $1,800 and they aren't rare at all. I've been looking to buy them back after I sold my basketball stuff in one of the the 'run ups' before 2009. I thought I did great back then...lol. Win some lose some.

I don't know if I will ever buy that card back now, or the Alcindor rookie which is insanely high priced in every grade, and on multiple venues with legit sellers too. I don't know if a real widespread drop will ever come back. There will always be isolated crazy price swings....and there will always be some auctions that slip through the cracks somehow like there always have been.

If there is a widespread group eating the fees or price manipulating on PSA 6 Julius Erving rookies for $1,000 a pop...cut this guy a break...I would like one back at the old prices

It will take a seismic society altering event to stop the overall tide at this point. Its summer and everyone is out of the house now...and all those cards I want back haven't moved much at all in price.

Peter_Spaeth · #18 06-18-2021, 07:26 PM

Quote:

Originally Posted by HistoricNewspapers

While it would be pretty hard to argue against bidding shenanigans happening in some cases...the market has also legitimately risen in tandem.

PSA 7 Julius Erving rookies are still selling for $1,800 and they aren't rare at all. I've been looking to buy them back after I sold my basketball stuff in one of the the 'run ups' before 2009. I thought I did great back then...lol. Win some lose some.

I don't know if I will ever buy that card back now, or the Alcindor rookie which is insanely high priced in every grade, and on multiple venues with legit sellers too. I don't know if a real widespread drop will ever come back. There will always be isolated crazy price swings....and there will always be some auctions that slip through the cracks somehow like there always have been.

If there is a widespread group eating the fees or price manipulating on PSA 6 Julius Erving rookies for $1,000 a pop...cut this guy a break...I would like one back at the old prices

It will take a seismic society altering event to stop the overall tide at this point. Its summer and everyone is out of the house now...and all those cards I want back haven't moved much at all in price.

We must be looking at different cards. I am seeing "seismic" price drops.

Aquarian Sports Cards · #19 06-18-2021, 07:26 PM

The cards you mention are both softening. Be patient. Also a large difference between $1800 on a card you feel should be worth $600 and $700,000 on a card many feel is worth $40k.

HistoricNewspapers · #20 06-18-2021, 07:30 PM

Quote:

Originally Posted by Aquarian Sports Cards

The cards you mention are both softening. Be patient. Also a large difference between $1800 on a card you feel should be worth $600 and $700,000 on a card many feel is worth $40k.

I agree those Jordan 10's were crazy sale prices. They probably got caught up in the hysteria on those.

Aquarian Sports Cards · #21 06-18-2021, 07:34 PM

But I would argue that that hysteria (among others in other sports) is what lifted all the boats.

Johnny630 · #22 06-18-2021, 07:41 PM

https://www.ebay.com/itm/1952-Bowman....m46890.l49286

I questioned this one big time.

Leon · #23 06-18-2021, 07:44 PM

Quote:

Originally Posted by johnny630

https://www.ebay.com/itm/1952-bowman....m46890.l49286

i questioned this one big time.

poof?

MattyC · #24 06-18-2021, 07:45 PM

Hysterical crock regarding that ebay “glitch.” Does anyone really believe that? Guess some out there figured the final price was too low and now want a mulligan, so the price doesn’t make all those prior “sales” look like the puerile manipulation plays they were. And this collector doesn’t believe that AH post defending those Jordan sales for a second. These hustlers out there must think we all are uneducated or gullible or both. That said, I do believe many folks got swept up in the mania.

Johnny630 · #25 06-18-2021, 07:48 PM

Maybe the card or slab was bad......idk

Peter_Spaeth · #26 06-18-2021, 10:57 PM

Quote:

Originally Posted by MattyC

Hysterical crock regarding that ebay “glitch.” Does anyone really believe that? Guess some out there figured the final price was too low and now want a mulligan, so the price doesn’t make all those prior “sales” look like the puerile manipulation plays they were. And this collector doesn’t believe that AH post defending those Jordan sales for a second. These hustlers out there must think we all are uneducated or gullible or both. That said, I do believe many folks got swept up in the mania.

According to the PSA website, one of the PSA 10s is in the number one registry set which belongs to someone who may be wealthy by some standards but is certainly not famous. I suppose it's possible he consigned it and still hasn't removed it from his registry set.

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