OT: Michael Jordan Mania

sportscardpete · #1 08-11-2021, 09:39 AM

Quote:

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 · #2 08-11-2021, 09:55 AM

Quote:

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

packs · #3 08-11-2021, 09:58 AM

No idea if that price was really paid but this article from last month is really interesting: https://www.sportscollectorsdaily.co...record-840000/

This is the part I find interesting:

PWCC Marketplace reported the record sale for a PSA 10 1986-87 Fleer Michael Jordan rookie card at $840,000 late Saturday night. The sale, which took place in the company�s July topped the previous mark for a Jordan rookie card by more than $100,000.

The price is far above all recent sales of PSA 10 Jordan rookie cards. After reaching a high of over $700,000 at Goldin Auctions in late January, numerous examples arrived on the market in the next several months with recent prices settling between $212,000 and $270,000.

Snapolit1 · #4 08-11-2021, 10:01 AM

I'm going to start a company that, as a fair price, will put a sticker on your house in connection with your real estate sale. Some houses will be within 5% of best houses in the neighborhood, other houses will get a special sticker that says "High End" or "Good Eye Appeal". Granted I will have to make my stickers a little larger than card sellers.

sportscardpete · #5 08-11-2021, 10:04 AM

Quote:

Originally Posted by rjackson44

hi pete crazy what a sticker can do

I am trying to get a sticker on my t206 cobb PSA 2 - fingers crossed (kidding haha).

The easy thing to do is to knock the price of the $700k. But as mentioned earlier, these were selling for 20k just a few years ago. So even at 180k that's 9x in 2-3 years. That doesn't happen in vintage. So seeing a card run from 20k to 700k and back to 200k so mostly for the ~10-15% that bought at the top.

Also - if I have the funds to spend 700k on a Jordan I probably am not beating myself up over the drop to 200k. Yes I would be annoyed. Odds are there is plenty of other money sloshing around if that person can drop that on one specific card (assuming it was a person and not a fund).

And no, I can't relate to someone that spent 700k on a card. or 70k.

mrreality68 · #6 08-11-2021, 09:57 AM

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 · #7 08-11-2021, 10:54 AM

Quote:

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.

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