Let's see how far THIS one has fallen! 1958 Topps Jim Brown! Ends tonight!

[parkplace33]

Originally Posted by bobbyw8469

The Brown sold for $47k . TERRIBLE flip for the one who bought it during Covid. Also, the Koufax PSA 9 sold for $384k.

I have so many questions about these "purchases" over the last 3 years.

[Peter_Spaeth]

Originally Posted by parkplace33

I have so many questions about these "purchases" over the last 3 years.

That's the thing. Prices get reported, but if the sale doesn't go through or there are other things making it unreliable, those don't get reported.

[darwinbulldog]

Originally Posted by Peter_Spaeth

That's the thing. Prices get reported, but if the sale doesn't go through or there are other things making it unreliable, those don't get reported.

But that isn't specific to 2020-2022 or any other period; it's just always been noise in the data.

[Peter_Spaeth]

Originally Posted by darwinbulldog

But that isn't specific to 2020-2022 or any other period; it's just always been noise in the data.

Right, but it becomes more of an issue during periods where there is a high suspicion that sales are not real.

[darwinbulldog]

Originally Posted by Peter_Spaeth

Right, but it becomes more of an issue during periods where there is a high suspicion that sales are not real.

My guess is people were less likely to back out of a purchase when they perceived the market was booming (e.g., two years ago) than they are now.

[Peter_Spaeth]

Originally Posted by darwinbulldog

My guess is people were less likely to back out of a purchase when they perceived the market was booming (e.g., two years ago) than they are now.

My guess is that in times like 2016 the market was booming in part because of FOMO created by fake sales. There was a post on Blowout a few years ago that strongly suggested lots of reported sales by PWCC never happened, for example.

[conor912]

I’m guessing the fact that every Bill, Dick and Harry runs an auction and/or a show every single week now might have something to do with it, too. The hobby’s big, but it ain’t that big.