New and Shiny - Market Manipulation

[Tabe]

A few thoughts:

1) Mike Trout is already a HOFer and all-time great. 40 homers last year and people saw it as an off-year.

2} there's absolutely market manipulation going on. Does anybody still think those twin $750k Fleer Jordan sales were fully legit?

[swarmee]

Originally Posted by Tabe

2} there's absolutely market manipulation going on. Does anybody still think those twin $750k Fleer Jordan sales were fully legit?

I didn't address this, because it's not new, shiny, or a manufactured scarcity card. But yes, those were definitely manipulated. That and the fact that a large percentage of PSA/BGS 9-10 86 Fleer Jordans have been trimmed/altered makes them a scammer's paradise already.

[Peter_Spaeth]

Originally Posted by swarmee

I didn't address this, because it's not new, shiny, or a manufactured scarcity card. But yes, those were definitely manipulated. That and the fact that a large percentage of PSA/BGS 9-10 86 Fleer Jordans have been trimmed/altered makes them a scammer's paradise already.

How do you know they were manipulated as opposed to really stupid bids by people with an inelastic demand curve who fell for the hard sell?

[swarmee]

Originally Posted by Peter_Spaeth

How do you know they were manipulated as opposed to really stupid bids by people with an inelastic demand curve who fell for the hard sell?

I believe it was pump and dumped by the youtube personalities like Geoff Wilson and Gary Vee. Yes, the cards got paid for, but they were a result of a vicious cycle of shill bidding over the course of a couple years.

[Peter_Spaeth]

Originally Posted by swarmee

I believe it was pump and dumped by the youtube personalities like Geoff Wilson and Gary Vee. Yes, the cards got paid for, but they were a result of a vicious cycle of shill bidding over the course of a couple years.

Ah OK. So real sales, but at prices that were the end result of prior manipulation. I don't understand the whole influencer culture. All I know is that people send me countless youtube videos of guys with beards and tshirts taking about the modern card market.

[Tabe]

Originally Posted by Peter_Spaeth

Ah OK. So real sales, but at prices that were the end result of prior manipulation.

I think they were the START of manipulation. The money was in the hundreds of sales that came after.