Prices for Willie Stargell rookie cards in PWCC auction.

Darin

Was anyone following these.
The PSA 7 brought $898
The PSA 8 brought $1724
and the PSA 8.5 $3605.

The 7 and the 8.5 were exceptionally well centered, the 8 a little off but not bad.
I used to have a PSA 7, but sold it due to some snow on the surface.
Figured I would replace it someday, now maybe not!

travis t

Another monumental leap.



"Old" pricing vs. "new" pricing.



Just wanting to get a nice example and the competition is fierce. At least, I picked up a nice 8 last year before the swell washed ashore.



This Next Big Thing game is getting kinda fun.

wilkiebaby11

I still need the Stargell RC for my 63 PSA 6/7 set. Ive been softly looking for some time now and I think that I may have missed my opportunity to find one.



I do enjoy this ride of skyrocketing prices, but eventually it will crash back down to earth at prices that were more like 2015. There are too many "investors" in the game now. A lot of these cards are being bought one month and sold the next for major increases. SOMETHING is shaking/manipulating the card market. Question is, in the long-run is it for the good or bad?

ugaskidawg

Some of the people that are investing right now do not understand pop reports either...some of these cards have many cards in population, but they are treating some of these like they are 1 of 1 examples. It makes weird sense. It's almost as if they are afraid high grade examples will not come around again.



My opinion is that there are few key ingredients to this current market recipe.



1. More modern collectors in the game with thoughts of investment potential.

2. More disposable income from the Gen X and Millennial populations.

3. A different breed of collectors are coming along.

4. A small percentage of individuals have created a market frenzy. Much like the housing bubble of the mid 2000s.

5. I'm also wondering if investors/traders/hedge fund folks/etc are using cards right now as part of their portfolios. Once the market comes back to earth, they'll ditch cards and a new normalcy will be regained.



I have many friends that own many of these high grade examples. Some are holding onto them for their own PCs and others have decided to unload to capitalize on the market. If I had extras, I would definitely unload to fund more of my PC interests.



I predict that this will continue through this summer and then come crashing down. Then people will be left holding a lot of expensive cardboard and unload it to recoup any cost they can. Those of us that are sitting patiently, as we have for decades in this hobby, will have things available to us when the market is flooded with many examples all at once. This is the same thing that happened with the housing market. Those that waited patiently through it, were able to buy investment properties for pennies on the dollar because the market was flooded with too many homes. Then they turned around and just rented the homes back to the people that had to foreclose...



Just my two cents, which won't take you very far.

mb2005

How about this 'next big thing', one many had predicted:



PSA 8 1957 Topps Brooks Robinson RC jumps from about $2100 to $3883

galaxy27

Originally posted by: ugaskidawg



My opinion is that there are few key ingredients to this current market recipe.



1. More modern collectors in the game with thoughts of investment potential.

2. More disposable income from the Gen X and Millennial populations.

3. A different breed of collectors are coming along.

4. A small percentage of individuals have created a market frenzy. Much like the housing bubble of the mid 2000s.

5. I'm also wondering if investors/traders/hedge fund folks/etc are using cards right now as part of their portfolios. Once the market comes back to earth, they'll ditch cards and a new normalcy will be regained.

Salient points, but allow me to add one more:



6. Extensive manipulation that is often times impossible to detect, and even less possible to police.

orioles93

Originally posted by: wilkiebaby11

I still need the Stargell RC for my 63 PSA 6/7 set. Ive been softly looking for some time now and I think that I may have missed my opportunity to find one.



I do enjoy this ride of skyrocketing prices, but eventually it will crash back down to earth at prices that were more like 2015. There are too many "investors" in the game now. A lot of these cards are being bought one month and sold the next for major increases. SOMETHING is shaking/manipulating the card market. Question is, in the long-run is it for the good or bad?

Same. Ive been looking for a PSA 7 for some time now to upgrade the 5.5 I have, but with prices like this, I may just keep the 5.5 cause I'm not going to pay almost a grand for a card that was $300 3 weeks ago.

ugaskidawg

Originally posted by: galaxy27

Originally posted by: ugaskidawg



My opinion is that there are few key ingredients to this current market recipe.



1. More modern collectors in the game with thoughts of investment potential.

2. More disposable income from the Gen X and Millennial populations.

3. A different breed of collectors are coming along.

4. A small percentage of individuals have created a market frenzy. Much like the housing bubble of the mid 2000s.

5. I'm also wondering if investors/traders/hedge fund folks/etc are using cards right now as part of their portfolios. Once the market comes back to earth, they'll ditch cards and a new normalcy will be regained.

Salient points, but allow me to add one more:



6. Extensive manipulation that is often times impossible to detect, and even less possible to police.

Agreed

Dpeck100

I just did a run through of the current PWCC listed items. It is unreal to see so many cards above $500. A few Jordan Fleer cards that I assumed were considered junk wax above a grand. I totally get the manipulation argument but man this move higher is wide spread across a lot of cards. I feel like I am looking at a different market seeing cards like a Jeter SP above 2k. One thing is for certain this has been fascinating to watch.

travis t

Perception is the rule. As always. If you've spent enough time examining the market over the years, you will understand the inherent amount of importance being placed on the shrinking availability of key items.



It doesn't mean that there are less of them. It just means that there are less of them available.

wilkiebaby11

Originally posted by: ugaskidawg

Some of the people that are investing right now do not understand pop reports either...some of these cards have many cards in population, but they are treating some of these like they are 1 of 1 examples. It makes weird sense. It's almost as if they are afraid high grade examples will not come around again.



My opinion is that there are few key ingredients to this current market recipe.



1. More modern collectors in the game with thoughts of investment potential.

2. More disposable income from the Gen X and Millennial populations.

3. A different breed of collectors are coming along.

4. A small percentage of individuals have created a market frenzy. Much like the housing bubble of the mid 2000s.

5. I'm also wondering if investors/traders/hedge fund folks/etc are using cards right now as part of their portfolios. Once the market comes back to earth, they'll ditch cards and a new normalcy will be regained.



I have many friends that own many of these high grade examples. Some are holding onto them for their own PCs and others have decided to unload to capitalize on the market. If I had extras, I would definitely unload to fund more of my PC interests.



I predict that this will continue through this summer and then come crashing down. Then people will be left holding a lot of expensive cardboard and unload it to recoup any cost they can. Those of us that are sitting patiently, as we have for decades in this hobby, will have things available to us when the market is flooded with many examples all at once. This is the same thing that happened with the housing market. Those that waited patiently through it, were able to buy investment properties for pennies on the dollar because the market was flooded with too many homes. Then they turned around and just rented the homes back to the people that had to foreclose...



Just my two cents, which won't take you very far.

I can't find anything that I could disagree with you on. Spot on with my opinions as well.

pjb103183

i almost pulled the trigger on a nicely centered 7 weeks ago @ $300, but declined due to a small white print dot....ugh....i was however able to get a few nice 68 bench rcs in a 7 and 7.5 at reasonable prices...seems like this one is swiftly moving upwards as well.

orioles93

I missed out on a stargell PSA 7 a month ago from PWCC that was perfectly centered and sharp. It ended up going for $361 which I thought at the time was way high. Not so much now.

shagrotn77

Salient points, but allow me to add one more: 6. Extensive manipulation that is often times impossible to detect, and even less possible to police.

This.

grote15

Anyone looking for a card like this one in PSA 7/8 grade is best served waiting for the storm to pass.

70ToppsFanatic

The PSA 9 Stargell RC in the Goodwin auction just closed less than a week ago at over $21k with BP. An amazing increase indeed.

mattyc_collection

Lots of whining about rising prices these days. The tin hat conspiracy theories out there are as asinine as they are hysterical.

PSASAP

Says the guy who thinks Don Mattingly is a Hall of Famer. ??

travis t

But when I woke up this morning coulda sworn it was judgment day.

fergie23

Definitely a big number. I have been considering selling my 1971 Bradshaw PSA 9 and Greene PSA 9 RCs. Would never have imagined doing it but when you see a Bradshaw PSA 9 sell for $50k at Heritage it certainly becomes tempting.

The run up in high grade HOF RCs seems incredible and unsustainable but who really knows. I am kicking myself for not pursuing PSA 8 HOF RCs from the 60s and 50s now once I had completed my PSA 9 70s & up HOF collections. I got started but quit and sold off what I had after about a year.

Robb

travis t

Funny how we run in circles and chase our own tails. I had become more focused on PSA 8 or 8.5 HOF RC's from 60s & 50s, but still feel like I waited a bit too long. In the meantime, I kick myself for having not been more serious about high grade from the 70s. Which is the tail I now chase.



If I'm seeing what you're seeing on prices for a PSA 9 Bradshaw or Greene, I'm not thinking about it. Those cards are as good as sold.

ndleo

We had the same debate about unopened a few years ago and prices haven't crashed yet. Sure some items are off the peak, but are still way above what they were before the run. In addition this run has been very specific and not a broad based rally.

I think you are kidding yourself if you think prices are going to come crashing down. The Great Recession in 2008-2010 was not a "normal" economic event. Those combination of circumstances would be hard to replicate today. If anyone has bought or refinanced a house lately, the document requirements are a lot different than pre-2008.

There maybe some leveling off. I see that the latest PSA 7 Koufax cards went for less than $5K, but that was a $1500 card last year. I doubt anyone buying these cards need to sell them to put food on the table.

I'm in the same situation as a lot of you - cards I am targeting have skyrocketed out of my budget and I'm sitting on a collection that has basically tripled in value. I'm going through my collection this weekend to think long and hard about what to do.

I'm not going to the National this year, but it will be interesting to see what happens there.

kingbeeswax

I also think that the HOF rookies in high grade will not be coming down. The new prices are here to stay and some will go higher. Just my opinion.

swish54

Originally posted by: kingbeeswax
I also think that the HOF rookies in high grade will not be coming down. The new prices are here to stay and some will go higher. Just my opinion.

1+ Agree.

garnettstyle

Not surprised at all at these prices. Stargell cards have been undervalued for too long. I'm only surprised it took this long.