PWCC 1980 Rickey Henderson PSA-10 has gone parabolic!
mintonlypls
Posts: 2,017 ✭✭✭✭✭
$184,700!
mint_only_pls
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mintonlypls
Posts: 2,017 ✭✭✭✭✭
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rickey likes.
Wow.
Personally, I would rather have a true Henderson rarity.
Two of my favorites.
Guess closing price! I will say $250,000!
PSA-9s will ride the coattails of PSA-10s and rise to near $5000 easily...
Target price has been raised to $250,000 and analysts have upgraded it to a strong buy. Oops...not talking stocks here.
It's the wild west. This card has doubled in just 2 weeks.
https://www.ebay.com/itm/1998-Finest-Vince-Carter-RC-PSA-GEM-MT-10/393121858593
9’s are getting there
It is hard to keep up with the rapid rises in sports cards...PSA-9s-----> $10,000
Unless you are selling your collection right now and actually get paid... then what is going on right now is soooo bad for our hobby on many many levels. From the hedge fund guys, price manipulation,treating cards like commodities, to not even being able to get your cards graded for almost a year. I could go on and on.
There has always been shady stuff going on with our hobby but the flood gates have opened wide.
I'm not a fan of the sky rocketing prices as I've been priced out of my want list by a mile.
Had to shift gears and approach different angles of the hobby.
Sit back and enjoy the ride I guess
Yes that is one of the many examples. Most people on these boards have a tremendous passion for the hobby and now they will have to adjust and adapt. Many cards they will never own in any grade.
Where is this auction? I do see one currently on eBay at $115k from PWCC, and there's the Dimitri Young PSA 10 on HA at $92k, but not seeing any others. Still very high prices considering the last one sold in September for $60k.
Roller coaster ride on the PWCC Henderson RC. Two bids have been cancelled and now it is sitting at the bargain basement price of $115,100. One cancelled bid was at $184,604 and the other, at $199,999. Probably, bids were cancelled because of non-payment in a previous auction per their rules. No pay...no play per PWCC!
I'm sure he blocks bidders from bidding for non-payment?
Terry Bradshaw was AMAZING!!
Ignore list -Basebal21
Why is it called blackless?
Terry Bradshaw was AMAZING!!
Ignore list -Basebal21
No black ink on the card. Here is the regular version.
Would this be a PSA 9 worthy version?
Sorry man no, and please remove from screw down ASAP!!!
Centering and print spots on the A’s banner keep it in the 7-8 range.
Over 200k and now back down to 115k..... who thinks it gets back to over 200K?
The PSA 10 going for moon money can only help all of the 5, 6, and 7's I probably have. lol
Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
i'll bid $249,999, Bob!
My hope is at some point in the future it IS NOT determined that there were huge scams going on in the ebay auction market OR in the hobby in general .... I pray this DRAMATIC increase in valuations is real and at least mostly authentic without manipulation.....
It is market manipulation. Why would the bid go to $200k plus and then back down to $125k? Exactly the reason being discussed on here - it drew eyes to the card and auction and everyone threw their PSA 8’s and 9’s on eBay for huge prices last night thinking the 10 was going for huge money. 2016 says hello to 2021.
A 1980 Rickey Henderson RC psa-9 just sold in the last 10 minutes on eBay for $5000!
I loathe the people that have benefitted from this hobby through unethical conduct. At this point who knows what is real or an illusion anymore. Altered cards, market manipulation....
This is what happens in an entirely unregulated market. First come the fake sales, a tried and true scam in our hobby (either unpaid like Goldin’s 1.6M Mantle, or bought via proxy, as guys will happily pay a small percentage fee to change the optics and sales record on a card they own many copies of)...
Then people start buzzing: “You hear X card went for THIS MUCH?!” That creates legitimate Fear Of Missing Out among collectors— who now scramble to grab cards they’ve always liked in desperate hopes of staying ahead of the manipulation wave. Yet this behavior creates its own price spikes.
Alongside these elements comprising the perfect storm of today, you have sellers who witness these massive numbers and say, “Screw it.” So what do they do? En masse, they all raise their prices on cards that were fake sold. So now buyers’ eyes get “anchored” to the new optics, the new numbers.
You also have the self anointed new bosses of the hobby, online snake oil hucksters trying to be your life coach and tell you what to buy (which they own). These guys direct the lemmings to their “stock picks.” This is a separate dynamic from the aforementioned fake sellers who buy many copies of a card then fake sell it or buy it in various venues to get the higher price to “take” or stick.
And yes, there are some fractional ownership companies out there now cherry picking some higher end items. And perhaps there is even some truth to the notion that there are “funds” out there, but not major hedge funds with 5 billion under management— rather a few million in pooled funds that guys want to use to make some money. But overpaying grossly without regard for eye appeal or pricing history isn’t really what Ivy League money does to make money.
The guys who profit from this climate try to write off all this activity as “The Wall Street Hedge Fund Guys” coming in. Invoking the specter of Gordon Gekko and thinking we will shut our brains off. But the real Gordon Gekko’s and their firms don’t play with cards. They don’t wake up and go, “I’ve never been into cards before and don’t know anything about them, but I like sports so let me throw a ton of money at stuff.” That is not how smart, rich people shop. Bad actors out there don’t just want us to buy into this false caricature of “the rich man who has so much money, he doesn’t care, it’s a rounding error to him.” They want us to believe an army of this fictitious creature has descended upon the hobby.
Anyways, you brew all this together, and what we get is today. And to be sure, this storm does indeed generate some “real” sales. Ultimately, a binary set of reactions emerges. We can be happy our cards are worth more— but we may find they are not, if we try to legitimately sell them. And many collectors love their collections and do not want to sell, which renders their new worth moot. Or, we can realize that this mess is fundamentally toxic to the market and hobby, and to a collector its only real effect is rising prices for what you’d like to buy.
Amen. I just collect cards and really do not want or need to sell now or anytime soon. But because of the super high prices, I am buying very few at this time. When and if I do sell, most of the cards I have will sell for more than I paid, and that is fine with me.
I would not be surprised if the Feds get more involved with EBAY etc.... All of this has gotten a lot of attention. Problem is, the big boys will lawyer up and the Feds simply do not know enough about the industry. Plus you really almost can't prove stuff like string bidding and shilling. Also with private bidders and stuff i'm sure authorities would need search warrants and everything to see bid histories. Almost impossible really to prove any wrongdoings. I have personally great sales on lower stuff; but this high end stuff is wild.
@DM23HOF ... Im glad you got a laugh..... it wasn't a sincere prayer as you astutely recognized.
Ha, yes— it was a nuanced post and I just hoped I was reading it correctly
!
I'll be here all week... try the Sand Dabs.
Great point and this happens with the same sellers. A few years ago it was Goodwin with a Koufax rookie at $80k and a Clemente rookie at $150k - both in PSA 8 and WAY above market value. When an AH like Goldin goes on a message board and says “we got paid for this one” that is a red flag and a bad look
This happens a ton and more often than not.
This is huge right now. Guys did it with Luka and Zion then sold. Then with Kobe, MJ, Lebron and sold while people who took their advice were buying from the pumpers. Now it is them pumping up D Wade, Duncan, Garnett... which they loaded up on a few months ago and are pumping them to sell their inventory
Great write up and read for people’s to educate themselves right now,
I didn't vote in this election ...cuz frankly ~one candidate spoke way too much and the other not nearly enough..... but I get the sense there is a metric tone of venom brewing in this country and the only reason this volcano hasn't erupted is b/c the economy is still spewing money out to everyone... and IMO only ~ once this economy hits any kind of a distinctive road block? (I.E. inflation) and the 10 treasury pierces 3.5 -4 % maybe 5%...... reckoning around the corner..... cheap money is saving us at the moment... xo
If treasuries go to 4 or 5 percent the country is bankrupt.
Print money in that scenario = inflation not bankruptcy. Even Greece didn’t go bankrupt.
You run treasures up this high with current debt and deficits you will have an interest expense that is near 30% of tax revenue and over 25% of current budget. Point is it’s not happening. There is a greater chance of negative rates than this scenario.
Anyone banking their hat on a huge increase in rates isn’t doing the math. The entire system is built on low rates.
The greatest country in the world is already bankrupt.
To your point, we will eventually be unable to Service debt.
High yield is below 4%
Wait until reconciliation takes place to fund it all!
Agree. I see a few things coming, just IMHO.
They will start with a major raise of income cap on payroll taxes. Followed by inheritance rule changes.
Eventually the social security age changes - when they are forced to.
It’s already impossible to right the ship. It’s just a matter of when not if. But yeah, high rates won’t happen.
Even the wax boxes are going nuts now. $6300 and counting...
https://ebay.com/itm/1980-Topps-Baseball-BBCE-Sealed-Wax-Pack-Box-Rickey-Henderson-RC-Yr/363283481402?hash=item549562033a:g:htkAAOSwu51gHZCk
What do you think a BBCE Super Cello box would get?
got $7675 for one of my boxes last week. i'm sure this one will go higher. if legit or not is a different question considering who it is. regardless, i was more than happy w my result.
I wonder what a FASC box would go for. I got one in a past BBCE CU forum group break for probably $1k.
i think that's where i got mine. price point sounds the same. but that's one that's staying w me. i have a few of these non-fasc boxes and they can have them at these prices. i've got zero probs letting them go. fasc stays though!
I also have a non FASC frankenbox. I have a hard time parting with it though as there could be a dozen Hendersons in it.
I picked it up along with several other wax boxes of that era from a coin dealer who inherited them when he bought a home owned by a card shop owner who passed away. The inventory was a mess. I bought several 1979 wax boxes as part of the deal and sold a couple. One guy got no Ozzie's and complained. Another got three in his box. The packs are all mixed up between the boxes. There were 2 1980 boxes. One had packs that were all open but did include a Henderson. The other box has the packs intact but who knows how many boxes sourced packs for it since they seemed to have been mixed around over the years.
there could be 12 hendo in there perhaps, but i'll get by w 7000+ george's in the bank and plenty more ammunition to fight the good fight on the box front. sometime you gotta let a few boxes jump on the grenade to save and pay for all the others. free boxes have a very nice ring to my ears! 😉
I just told my wife this box is heading to $10k. Gold standard from the decade, one to hold on to, not many around.
I'm an advocate to sell when it's hot, but in this case, if you have a 1980 box, I would hold. Any of the other years in the decade by all means move some.
Blurry, good job with your profit, just make sure it gets appropriated correctly to maximize it!
I think the '83 box has room to move w/3 HOFs in the set including two w/incredible career batting averages for the time period: Gwynn .338 and Boggs .328. That box is a hold...especially FASC or Michigan test boxes.