Will ESPN doc affect Jeter gavel prices?

DonnieJeter

So as a collector I’ve been enjoying the recent significant bubble burst of most (all?) Jeter RCs. I was going to jump in to collecting his graded RCs a few months ago until I came on here and realized his prices were bloated and would probably come down. (Your guys’ advice saved me from making some significant $ mistakes). They have come down in a big way compared to where they were (his PSA 8 1993 SP was getting $2000-$2500 at one point. Now they are commonly $500-$600). It’s been a good time to be a buyer it seems.

Anyway, I’m wondering if that season may be coming to an end at least temporarily while this ESPN 7-part documentary series is going on. (Though I’m not particularly interested in liquidating my Jeter collection). None of us has a crystal ball but any thoughts?

CamaroSS

The Brady documentation did not help his cards and this Jeter series will not do anything as well. Cards are tanking daily in all sports and it will continue. People are realizing this was and is all hype. When cards of minor leaguers that have never stepped on the field for two years are fetching 4-5k and Jeter cards are 1/3 of that for a yankee legend and 5x champ things are totally not right. Brady being a 7xchamp QB (there will never be another period) his cards should be the highest in the sport but whats the problem? Hype - Mac Jones, Trey Lance, etc are in the thousands for some autos? Are you kidding me? Thats the problem with cards now. Trey Lance could be on the bench next year but hey lets buy a auto for 3k. Mac Jones? He wont ever make a super bowl in the AFC. If PSA dont get back to faster turnarounds and $10 grading the industry is trouble. People at card shows have more raw cards than ever and they are not selling. I ask them and they say we are not paying 20, 30, or 40 a card to grade anymore and wait six months. Watch ebay daily.... This hobby is starting to die a slow death.

Nathaniel1960

@CamaroSS said:
The Brady documentation did not help his cards and this Jeter series will not do anything as well. Cards are tanking daily in all sports and it will continue. People are realizing this was and is all hype. When cards of minor leaguers that have never stepped on the field for two years are fetching 4-5k and Jeter cards are 1/3 of that for a yankee legend and 5x champ things are totally not right. Brady being a 7xchamp QB (there will never be another period) his cards should be the highest in the sport but whats the problem? Hype - Mac Jones, Trey Lance, etc are in the thousands for some autos? Are you kidding me? Thats the problem with cards now. Trey Lance could be on the bench next year but hey lets buy a auto for 3k. Mac Jones? He wont ever make a super bowl in the AFC. If PSA dont get back to faster turnarounds and $10 grading the industry is trouble. People at card shows have more raw cards than ever and they are not selling. I ask them and they say we are not paying 20, 30, or 40 a card to grade anymore and wait six months. Watch ebay daily.... This hobby is starting to die a slow death.

How slow are we talking? I remember a dealer selling out his entire table of pre-war ungraded at a show in 1992 declaring the hobby was dead.

jeffcbay

Wow, I bet you're fun at parties LOL

To maybe answer the OP's question, I wouldn't expect the Jeter doc BUMP like we saw with the Jordan series. The Jordan series had perfect timing with the pandemic and everyone sitting at home getting free money from the government. I agree with some of what the wet blanket above was talking about, but the hobby is FAR from dying. More like correcting itself. A lot of the people left holding the bag on their huge purchases in 20/21 were never in the hobby for long-term anyway. The smart ones were selling at that time, and are buying now. #BuyTheDip

DonnieJeter

@jeffcbay said:
Wow, I bet you're fun at parties LOL

To maybe answer the OP's question, I wouldn't expect the Jeter doc BUMP like we saw with the Jordan series. The Jordan series had perfect timing with the pandemic and everyone sitting at home getting free money from the government. I agree with some of what the wet blanket above was talking about, but the hobby is FAR from dying. More like correcting itself. A lot of the people left holding the bag on their huge purchases in 20/21 were never in the hobby for long-term anyway. The smart ones were selling at that time, and are buying now. #BuyTheDip

I agree. I honestly would have been doing some of that 20/21 buying if not for some good advice on here. I do think there has been a bit of an over-correction on a lot of key rookie cards and feel like now is a good time to buy. When that bubble was going on I thought I’d never be able to afford high grade copies of my favorite RCs. I think PSA 10 1984 Topps Mattingly cards were like $4-$5K! Now they’re under $1K usually. I’m not sure that this doc series won’t affect Jeter prices at least a bit as there are a lot of Jeter fanboys out there (including me). Either way I want to hold on to my favorite ones.

olb31

Went to Chantilly show a couple of weeks ago and there more people there then there had been for years. The problem right now is the economy. Inflation, jobs, uncertainty, stock market plunge. This is the issue. There really are few bright spots to look into to right now. And it doesn't look like it's going to change for awhile.

When I got back into collecting in 2007, the economy went through the same thing for about a year form the end of 2008 through the end of 2009. You could grade cards for $4.50 each. It was a great time to buy. and thing by 2012 the prices went back up big time.

So I would expect a price correction and plunge on newer cards and expect the "blue chip" Psa 8's and up to climb and become scarce (although a lot of centered PSA 8's and up already are scarce).

DonnieJeter

@olb31 said:
Went to Chantilly show a couple of weeks ago and there more people there then there had been for years. The problem right now is the economy. Inflation, jobs, uncertainty, stock market plunge. This is the issue. There really are few bright spots to look into to right now. And it doesn't look like it's going to change for awhile.

When I got back into collecting in 2007, the economy went through the same thing for about a year form the end of 2008 through the end of 2009. You could grade cards for $4.50 each. It was a great time to buy. and thing by 2012 the prices went back up big time.

So I would expect a price correction and plunge on newer cards and expect the "blue chip" Psa 8's and up to climb and become scarce (although a lot of centered PSA 8's and up already are scarce).

Good points. It seems to me that in the past the hobby has been somewhat economy-resistant at least for more blue-chip stuff but I think right now we’re in a really tough spot that only looks to get tougher unfortunately. (Not a political statement). I hope I’m wrong.

Cakes

I do think it will create a price increase but not like MJ's. Very few can stand next to MJ in greatness and Jeter is definitely not one of the them.

DonnieJeter

@jeffcbay said:
Wow, I bet you're fun at parties LOL

To maybe answer the OP's question, I wouldn't expect the Jeter doc BUMP like we saw with the Jordan series. The Jordan series had perfect timing with the pandemic and everyone sitting at home getting free money from the government. I agree with some of what the wet blanket above was talking about, but the hobby is FAR from dying. More like correcting itself. A lot of the people left holding the bag on their huge purchases in 20/21 were never in the hobby for long-term anyway. The smart ones were selling at that time, and are buying now. #BuyTheDip

@Cakes said:
I do think it will create a price increase but not like MJ's. Very few can stand next to MJ in greatness and Jeter is definitely not one of the them.

How significant was the MJ price increase?

olb31

big. 1991's were going for $400 plus, 1989 near $2,000.

Willymac

Psa 10 90’s serial #’d are going to go up -
Pre grading company when mint was maybe a psa 8 now post grading - limited and hard to find pick one and maybe it has 10-20 psa 10’s….tops

Kepper19

@jeffcbay said:
Wow, I bet you're fun at parties LOL

To maybe answer the OP's question, I wouldn't expect the Jeter doc BUMP like we saw with the Jordan series. The Jordan series had perfect timing with the pandemic and everyone sitting at home getting free money from the government. I agree with some of what the wet blanket above was talking about, but the hobby is FAR from dying. More like correcting itself. A lot of the people left holding the bag on their huge purchases in 20/21 were never in the hobby for long-term anyway. The smart ones were selling at that time, and are buying now. #BuyTheDip

yeah, he definitely had something go wrong...maybe bought a ton of ultra-modern cards at the peak?

82FootballWaxMemorys

@CamaroSS said:
The Brady documentation did not help his cards and this Jeter series will not do anything as well. Cards are tanking daily in all sports and it will continue. People are realizing this was and is all hype. When cards of minor leaguers that have never stepped on the field for two years are fetching 4-5k and Jeter cards are 1/3 of that for a yankee legend and 5x champ things are totally not right. Brady being a 7xchamp QB (there will never be another period) his cards should be the highest in the sport but whats the problem? Hype - Mac Jones, Trey Lance, etc are in the thousands for some autos? Are you kidding me? Thats the problem with cards now. Trey Lance could be on the bench next year but hey lets buy a auto for 3k. Mac Jones? He wont ever make a super bowl in the AFC. If PSA dont get back to faster turnarounds and $10 grading the industry is trouble. People at card shows have more raw cards than ever and they are not selling. I ask them and they say we are not paying 20, 30, or 40 a card to grade anymore and wait six months. Watch ebay daily.... This hobby is starting to die a slow death.

I that to be true as I'm collector not a seller, not a flipper, not a speculator but not so sure it will occur.

I feel the hobby has changed and times have changed, and what you mention is the new normal. As for dying a slow death it has done the Lazarus act before...

82FootballWaxMemorys

Funny with comic books even the slightest rumor of something Film or TV (if Marvel) will cause 1st and early appearances to spike but with cards pretty much nada

UlyssesExtravaganza

Maybe it depends on how good it is and how it makes people feel. I think the Bo Jackson A Football Life was one of the better examples of a show that sent a player's cards skyrocketing. But most other A Football Lifes did not have the same effect. With rare high condition Jeter cards, I think its important to keep in mind that some of the fans have a lot more cash than fans of other players. So if three or four Wall Street Jeter fans have to have something feels like it could take off.

ndleo

The hobby is not going to die a slow death. Technically the hobby is probably smaller in terms of collectors since the boom 1980's-early 1990's, however the smaller collector base is more passionate. I spend a LOT more on cards now with all of the buying options.

The soft point I see are the modern boxes. I am still surprised that prices are still going up. 2021 Optic FB Presell is around $950, 2020 Optic FB was $750.

As for Jeter, I watched the first episode and I don't see The Last Dance Jordan bounce. That 1990's Bull Teams had a lot of personality and charisma.

brad31

Jeter is no Jordan - he was only the best player on his team two season - leading the Yankees in WAR in 1999 and 2009.

Willymac

@brad31 said:
Jeter is no Jordan - he was only the best player on his team two season - leading the Yankees in WAR in 1999 and 2009.

If that mattered pujols and Cabrera would be much more expensive ;-)

Cakes

@Willymac said:

@brad31 said:
Jeter is no Jordan - he was only the best player on his team two season - leading the Yankees in WAR in 1999 and 2009.

If that mattered pujols and Cabrera would be much more expensive ;-)

Well I guess it matters in Basketball!

Ahmanfan

Can’t compare jordan and jeter. MJ was/is a global household name.