2020 topps project

[JustinD]

I would say the investors killed this one for a while. In a year these will be .99 cards. Supply and demand will never hold even the cost after the clueless stop buying. I will buy no more until the production drops at least to 7-10k. The smart money if you think they are neat, is wait for the auctions after these are actually delivered and get them for a fiver.

I bought the Ryan and Ripken in the last week and have serious remorse.

[Rich Klein]

Originally Posted by JustinD

I would say the investors killed this one for a while. In a year these will be .99 cards. Supply and demand will never hold even the cost after the clueless stop buying. I will buy no more until the production drops at least to 7-10k. The smart money if you think they are neat, is wait for the auctions after these are actually delivered and get them for a fiver.

I bought the Ryan and Ripken in the last week and have serious remorse.

Any of them you are willing to sell at .99 cents I'm a buyer. No questions asked.

[JustinD]

Originally Posted by Rich Klein

Any of them you are willing to sell at .99 cents I'm a buyer. No questions asked.

As these start exceeding 100k runs they have no long term value of exceeding demand once the excitement dies down. Now the cards that had runs of 1000ish with 100k amateur collectors thinking of building the set right now? Different story.

It will die down when these prospectors are stuck with 100's of these they cant sell for cost because the news hyped these to the ceiling. I suggest buying the overproduced ones being made now in 2021 and wading back into to the 20 bucks on Topps.com later. This is Etopps squared at this moment.

[Rich Klein]

Originally Posted by JustinD

As these start exceeding 100k runs they have no long term value of exceeding demand once the excitement dies down. Now the cards that had runs of 1000ish with 100k amateur collectors thinking of building the set right now? Different story.

It will die down when these prospectors are stuck with 100's of these they cant sell for cost because the news hyped these to the ceiling. I suggest buying the overproduced ones being made now in 2021 and wading back into to the 20 bucks on Topps.com later. This is Etopps squared at this moment.

And at an original cost of $20 -- $1 (or 99 cents) is 5 percent of the original asking price. Even for Junk Wax boxes -- you would pay 5 percent of original cost even for the worst boxes. 1988 Topps lets say you paid the $18 retail (50 cents per pack) in 1988, today 5 percent if about 90 cents and I guarantee you everyone would happily pay $1 each because the purest wholesale is $3-5 per box. I'd happily take a triple on every card item I buy any day of the week.

[JustinD]

Originally Posted by Rich Klein

And at an original cost of $20 -- $1 (or 99 cents) is 5 percent of the original asking price. Even for Junk Wax boxes -- you would pay 5 percent of original cost even for the worst boxes. 1988 Topps lets say you paid the $18 retail (50 cents per pack) in 1988, today 5 percent if about 90 cents and I guarantee you everyone would happily pay $1 each because the purest wholesale is $3-5 per box. I'd happily take a triple on every card item I buy any day of the week.

I feel like we are on different wavelengths here.

I am advocating buying at 1-5 bucks if you like them. I am not advocating taking a 95% loss and making the 99 cents guy happy purposefully.

I can guarantee that every buyer of 88' wax boxes during that boom was not planning on taking a 95% loss. They were just as blinded as the prospectors seeing those early cards sell at four figures and thinking they could do the same with a card 100x higher produced.

I'll be a buyer at a buck too, but honestly bummed to be taking a loss before they even ship. I knew it was coming logically, but this was fast.

[Farm_kid]

Justin D,

I am so on the same wavelength as you on these. One of my top 3 favorite players of all time is in this set and I would love to be buying his cards right now, but not with the crazy print runs we are seeing.

Speculators are buying 10, 20, 100 of these at a time. Crazy! A collector only needs 1.

These products are not Stocks, they are collectibles.

I agree with you, as long as print runs are 20-30K, I am waiting. When they drop below that I may pick up my favorite player next year. And I bet I can buy them for $10 a pop (of course if you let me make the first offer, I will offer 5). If the secondary market remains firm on Cards #100-#300, I might buy direct from Topps just to hedge my bet while watching the print run quantities ebb and flow.

If Topps Project 2021 comes out, the P-2020s will only lose more of thier "new hotness".

I will caveat everything I said when it comes to the truly shorter printed runs, i.e. sub-5000, those have a chance of staying solid and sought after.

[rats60]

Originally Posted by JustinD

I would say the investors killed this one for a while. In a year these will be .99 cards. Supply and demand will never hold even the cost after the clueless stop buying. I will buy no more until the production drops at least to 7-10k. The smart money if you think they are neat, is wait for the auctions after these are actually delivered and get them for a fiver.

I bought the Ryan and Ripken in the last week and have serious remorse.

I bought the Ted Williams because I liked the card, knowing it was going to have a high print run. 20.00 is the cost of lunch at a fast food restaurant. I don’t care about the value, but I would be shocked if you could buy them for less than
10 in the next year. I will continue to buy what I like at 20. If they become worth more than they are worth to me, I will sell. Otherwise they are part of my collection.

[bigfanNY]

If you go to the artists web sites many of them are buying 10,20,50 500!! And then they sign them and sell them for $200 to $1,000.00.
The First Trout card sold for over $2500.00 multiple times this week. And The first card an Ichiro by Ben Baller OVER $4,000.00 for a $20 card bough a few weeks ago. Lots of stories of people buying presales getting money returned. Bottom line LOTS OF STORIES ABOUT PROJECT 2020.
I might get a Trout signed by an artist I will let you know how it goes.
Jonathan

[Snapolit1]

Crazy speculative bubble. I like the cards. And it’s a brilliant idea. But $2500 to have a card signed by the ARTIST? That’s nuts. These are some talented folks but who cares about their autograph. And they can keep signing cards until their arms fall off. Good for them. Making some bucks during a slow time. But the idea that some card is going to be valuable because it was signed by a handbag designer? Cmon.

People are very very bored. No sports. No gambling. Few social activities.

Maybe in 3 years someone will stick this post in my ear. I strongly doubt it.

[MattyC]

I applaud the fusion of art and baseball cards that Topps has achieved here. Obviously with art being so subjective, what some will love others will not find aesthetically pleasing, etc. That said I've happily bought the ones which have grabbed my eye. If one is a fan of a particular card, for example as I am with the 84T Mattingly and 85T Gooden, it is nice to pair these renditions or artistic interpretations of the card alongside the original.

As with anything in the hobby, there will also be those who are only interested in the cards in so far as they can flip them for a profit. That's not how I engage with them so can't really speak to that. I've bought paintings I love decades ago that I still look at and love every day, and have no idea or care as to what they are worth.

[packs]

Bought the Mattingly.

[bigfanNY]

Originally Posted by Snapolit1

Crazy speculative bubble. I like the cards. And it’s a brilliant idea. But $2500 to have a card signed by the ARTIST? That’s nuts. These are some talented folks but who cares about their autograph. And they can keep signing cards until their arms fall off. Good for them. Making some bucks during a slow time. But the idea that some card is going to be valuable because it was signed by a handbag designer? Cmon.

People are very very bored. No sports. No gambling. Few social activities.

Maybe in 3 years someone will stick this post in my ear. I strongly doubt it.

First I did not say any of thhe artist's were charging $2500 to sign their cards. I said they were charging between $200 and $1,000.00. There was an artist today that sold his signed Tony Gwynns for between $175 and $1900.00 for a limited numbeted to 2. So yes prices are moving up but most of the cards sold for $300 and less. Second these are all Artists not handbag designers. I dont know where you got that from. Some of the work they have done so far is great. And if one of these guys takes off his signed limited work will do VERY WELL. Certainly not for everybody but what is. People collect what they collect. I hope they all enjoy what they collect I know I do.
Jonathan

[Snapolit1]

Apologies if I erred re: the handbag designer. Know it's an eclectic group of talented folks from different artistic endeavors.

Cool project.

[JustinD]

It was shocking to see the bottom fall out so fast on these after the disaster of the Shore Griffey. eBay history shows hundreds of the highest produced selling well under 10 bucks already not even a third through the set release.

I admit I still have ordered a few since that I liked the design of. My question if you are still collecting or just grabbing onesie-twosies of what you like are you paying the 20 or waiting till they ship and saving 5-10 bucks on eBay?