Modern Junk? Lebron James

Tomi

Just can't understand how they purposely make one card and have the player autograph it and have it bring this much money at auction. I don't collect modern but have nothing against it since most of us collected modern when we were young but the whole 10-15 rookie cards of a player is just too much for me, but this card that just sold is insane. I would expect a rare Jordan to bring this much but Lebron is just not at this level.
Lebron

craig44

I was surprised too. I am not all that interested in modern basketball, but I would have thought the exquisite rookie would have more demand than a 1/1.



I still think I would rather have the 1997 Jordan pmg green than this card though.

GoDodgersFan

Wow. I don't collect basketball, but the amount of money flowing in to cards still amazes me. I have no idea in terms of investment, but that is some serious change.
Kudos to the seller. Man, I take the money and run as fast I can to the bank.

coinspacks

the honus sold for under their estimate...does that make it a good deal?

MrNearMint

Not trying to bash on modern auto collectors but I find it odd how card companies will put out a certain amount of autos in a set of a player like 1/1, /10 or more and people just buy them up. But that same player has his same autograph on many other cards from the year before/after and will continue to do so even after he's done playing. Logically, wouldn't pumping out autograph after autograph eventually make them kinda.... Worthless?

LOTSOS

Originally posted by: MrNearMint

Not trying to bash on modern auto collectors but I find it odd how card companies will put out a certain amount of autos in a set of a player like 1/1, /10 or more and people just buy them up. But that same player has his same autograph on many other cards from the year before/after and will continue to do so even after he's done playing. Logically, wouldn't pumping out autograph after autograph eventually make them kinda.... Worthless?

I'm not really a modern guy either and while I agree that years 2-? would be far less valuable wouldn't this be an exception being it's his rookie year? I mean it's a 1/1 Rookie card with patch and auto. For the uber Lebron collector it's arguably the crown jewel of his Lebron card collection. Or it's ....... dare I say it...... a perceived blue chip in a member of the Buyers Group portfolio.

Batpig

The Asian market loves Lebron.

lseecon

Looking at the closing price of the Wagner, did the buyer make more money on his" $2.1 million investment" from 2103 to 2016 than he would have made if he had put that $2.1 million in the S P 500 for 3.5 years? Depending on how much juice he paid to goldin auctions---(10%??? anyone know?) he might have netted $2.8 million? so he made 33% over three years? not a bad return, plus the enjoyment of owning THE CARD for 3.5 years. But if my very quick calculations are accurate, the SP 500 appreciated 38% over the same time.

RipublicaninMass

Most likely didnt pay a sellers fee to goldin. More than likely got a bid piece of the buyers side

BLUEJAYWAY

Originally posted by: lseecon

Looking at the closing price of the Wagner, did the buyer make more money on his" $2.1 million investment" from 2103 to 2016 than he would have made if he had put that $2.1 million in the S P 500 for 3.5 years? Depending on how much juice he paid to goldin auctions---(10%??? anyone know?) he might have netted $2.8 million? so he made 33% over three years? not a bad return, plus the enjoyment of owning THE CARD for 3.5 years. But if my very quick calculations are accurate, the SP 500 appreciated 38% over the same time.

I suspect in either case the taxman would be lurking in the wings on any profit.

ElvisP

I don't collect modern but did buy a 1/1 auto of a couple of my favorite HOF players. After I purchased it I realized the exact same card existed that were numbered to 10 and another numbered to 25. So was it really a 1/1 just because it was numbered 1/1 even tough there were many of the same card that were just numbered differently. I ended up selling the card.

Dpeck100

Bragging rights.



Only one person can say they own his most valuable card.

baz518

Originally posted by: Dpeck100

Bragging rights.



Only one person can say they own his most valuable card.

That's one thing I never did understand about collecting cards... bragging rights? Yeah, you'd be able to say you were the only person to own it, but that means the rest of us could look at what you paid and LOL!

mtcards

Not sure I would call it "bragging rights", but I collected the complete rainbow of Ezekiel Elliots RC's from Panini Elite this year and am one card away (which I wont get) on the Derrick Henry rainbow. Not doing it for bragging rights, but i do enjoy knowing that I am the only one in the world who has it. Now, if he breaks his leg and never plays again, I can pretty much say I threw good money down the drain, but if he has a career similar to his first couple of games, then I may be able to sell it for a nice chunk 15 years from now.

As for the LeBron, to some people 200k+ is nothing to them, it would be like me paying $500 for a card. They want it, they buy it, so for us working men, the price may seem super high, but to two guys with millions to play with, its probably just a drop in the bucket