OT: Michael Jordan Mania

[mrreality68]

Originally Posted by rjackson44

One sold last night 180 k dropping like flies

They drop like fly but $180k I would still take especially if it was bought couple years ago in the $20k to $30k range

[MattyC]

Who the fk is Darren Rovell and why should I care if he shouts out a listing? That card is the go-to for the tried-and-true fake sale scam. Pump a few through the usual platforms then hope to catch a gullible fish who thinks he’s getting a steal.

[Johnny630]

Originally Posted by MattyC

Who the fk is Darren Rovell and why should I care if he shouts out a listing? That card is the go-to for the tried-and-true fake sale scam. Pump a few through the usual platforms then hope to catch a gullible fish who thinks he’s getting a steal.

Exactly !! It has been my belief they were doing this with certain cards Jordan Rookie Henderson Rookie to drive up the price of the under cards 7's 8's 9's ect. That's where the real money was made.

[Snapolit1]

180k would be tough to swallow if I knew I could have sold earlier this year for over 700k.

And what is the guy who paid 700k thinking today.

[japhi]

Originally Posted by Snapolit1

180k would be tough to swallow if I knew I could have sold earlier this year for over 700k.

And what is the guy who paid 700k thinking today.

The guy that paid 700K is thinking "that was a good use of buyers premium, nice to have my card back, let's try and sell a few more from my stack at around 500K"

These 700K sales are sellers with multiple 10's buying their own cards back to set a new high. There is no organic demand for this card at 700k or 500k. After every BS sale, the next one pops for 1/3 of the ATH.

[ullmandds]

Originally Posted by japhi

The guy that paid 700K is thinking "that was a good use of buyers premium, nice to have my card back, let's try and sell a few more from my stack at around 500K"

These 700K sales are sellers with multiple 10's buying their own cards back to set a new high. There is no organic demand for this card at 700k or 500k. After every BS sale, the next one pops for 1/3 of the ATH.

+1

[A2000]

Only $50 shipping for a $6.5 million sale??

[Peter_Spaeth]

Thread on the PWCC 10.

https://www.net54baseball.com/showthread.php?t=305262

[Peter_Spaeth]

Originally Posted by japhi

The guy that paid 700K is thinking "that was a good use of buyers premium, nice to have my card back, let's try and sell a few more from my stack at around 500K"

These 700K sales are sellers with multiple 10's buying their own cards back to set a new high. There is no organic demand for this card at 700k or 500k. After every BS sale, the next one pops for 1/3 of the ATH.

That is my thinking as well. Classic market manipulation/attempt to create FOMO.

[MattyC]

Originally Posted by japhi

The guy that paid 700K is thinking "that was a good use of buyers premium, nice to have my card back, let's try and sell a few more from my stack at around 500K"

These 700K sales are sellers with multiple 10's buying their own cards back to set a new high. There is no organic demand for this card at 700k or 500k. After every BS sale, the next one pops for 1/3 of the ATH.

Exactly. That's how their game works.

Okay, Peter, just gonna let your posts function as mine now as we think the same thing lol.

[Peter_Spaeth]

Originally Posted by MattyC

Exactly. That's how their game works.

Okay, Peter, just gonna let your posts function as mine now as we think the same thing lol.

I'll do the same and then neither of us has to post.

[japhi]

Originally Posted by Peter_Spaeth

I'll do the same and then neither of us has to post.

Make that three of us.

[Republicaninmass]

Originally Posted by Peter_Spaeth

I'll do the same and then neither of us has to post.

But Mantle is a different story......right

[MattyC]

Oh, I'm sure some people fake-sell Mantles and Cobbs and try to work the scam du jour with every type of card/player they can to the extent they can.

The Jordan Fleer card is just so right for the scam because the scammers can also make good money selling it across other, cheaper price ranges. In contrast, trying to do it with cards that cost 10k+ to buy in for say the PSA 1s is not as optimum.

[rjackson44]

Originally Posted by mrreality68

They drop like fly but $180k I would still take especially if it was bought couple years ago in the $20k to $30k range

Hi what happens when you pay 400k 700 k🤭🤭

[mrreality68]

Originally Posted by rjackson44

Hi what happens when you pay 400k 700 k🤭🤭

Very true like anything else depends when you bought it.

Or on flip side you bought at 20k and sold for between the $400k and $700k time made a killing

Just like the stock market with those Robinhood stocks and people buying AMC or GameStop

[ullmandds]

Originally Posted by mrreality68

Very true like anything else depends when you bought it.

Or on flip side you bought at 20k and sold for between the $400k and $700k time made a killing

Just like the stock market with those Robinhood stocks and people buying AMC or GameStop

exactly! this is very similar to the meme stocks. anyone who has been in the hobby more than a minute saw this coming and predicted it...cards like mj rookie are just way too common to sell for 3/4 millioin deneros.

[MattyC]

I'd bet the farm most of the high sales of this card were not true sales. Money may have been transacted, sure, but they were "sales" with an * intended to pave the way for suckers to be hooked on a subsequent real sale, be it of the 10 grade or below.

The scam is atop the grifter's playbook in this unregulated hobby/market, and that card is the poster child for it. It was easy for the scammers to gobble up many copies at various grades and then sell after the manufactured spike. And they got tons of free viral hype from the cesspool/echo chambers of Twitter and Instagram, trumpeting the "sales." I guess it is a lucrative racket if one has the free time and inclination.

I've found the best way to be immune to this shit is to just collect what you love and intend to keep for the long haul. Treat cards like luxury items bought for pure enjoyment and don't get caught up in the money/investment aspect.

[packs]

I don't believe that anyone paid 700K for a Jordan rookie at any time. I know that's reported, but where's the guy who bought it? Wouldn't they show something like that off? Even Jake Paul wore his PSA 10 Charizard around his neck on his way to the ring for his fight.

[ullmandds]

Originally Posted by packs

I don't believe that anyone paid 700K for a Jordan rookie at any time. I know that's reported, but where's the guy who bought it? Wouldn't they show something like that off? Even Jake Paul wore his PSA 10 Charizard around his neck on his way to the ring for his fight.

i agree and jake paul probably was paid for that stunt...or somehow involved with the group hoping to capitalize on the sale.

[sportscardpete]

Originally Posted by packs

I don't believe that anyone paid 700K for a Jordan rookie at any time. I know that's reported, but where's the guy who bought it? Wouldn't they show something like that off? Even Jake Paul wore his PSA 10 Charizard around his neck on his way to the ring for his fight.

The guy who bought the $840k Jordan with the PWCC sticker disclosed it.

Not saying anything about the price, just that it was disclosed.

[rjackson44]

Originally Posted by sportscardpete

The guy who bought the $840k Jordan with the PWCC sticker disclosed it.

Not saying anything about the price, just that it was disclosed.

hi pete crazy what a sticker can do

[mrreality68]

Many cards including very high end cards are won all the time and often are never shown to the public. Many collectors are private and just buy them and tuck them away in their collections (unfortunately) and we do not see those cards again ever or for a very long time.

[Peter_Spaeth]

Originally Posted by sportscardpete

The guy who bought the $840k Jordan with the PWCC sticker disclosed it.

Not saying anything about the price, just that it was disclosed.

Yah, he claimed he paid so much over market because it was such a perfect 10, and after all it had Brent's little sticker on it.

[vintagewhitesox]

Originally Posted by packs

I don't believe that anyone paid 700K for a Jordan rookie at any time. I know that's reported, but where's the guy who bought it? Wouldn't they show something like that off? Even Jake Paul wore his PSA 10 Charizard around his neck on his way to the ring for his fight.

I did not believe it either. However, the buyer posted it on his instagram account with verification of his winning bid and payment. take that as you will. maybe its legit, maybe not.

[packs]

No idea. But as the article points out, not only was this sale 100K over the previous high, but it occurred at a time when the same card was selling for 600K less than what was paid.