Modern Day Card Record Sale Price?

I don’t follow baseball. Is this a crazy gamble or just a high risk investment?
Got me thinking, how far back you’d have to go to hit $400k as a sales price in each sport.
Baseball would appear to be set with the 2009 Trout Superfractor.
Hockey would be one of the 2 1979 OPC Gretzky’s if they went to auction. Can’t phathom anyone else at least today. Maybe the Crosby Cup 1/1 RPA someday.
Basketball: ? Is there a LeBron Superfractor RC that could do it?
Football: Is there a Brady?
If not what do you think it would be?
Kevin
Kevin
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Comments
All I'll say is good luck to the buyer!
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I used to love to go to a website called TheDirty.com. It was like crack checking it all throughout the day. This dude was on there all of the time. Super shady guy that has lived the Vegas lifestyle to the max.
If you are a sports better there isn't a current card that would be more sought after so he is going for it. Seems outrageously high but in reality you never know. I don't follow baseball much anymore but I see the highlights on the TV at the gym and this guy is a very special player. His swing is so incredible and he just makes it look easy. A huge gamble that may or may not payoff.
Only time will tell if this was a good investment, but folks are parking their money in high end collectibles. Man, kudos to the seller on this transaction !
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Yeah, but this buyer had no competition.
Is this the same guy who sold the fraudulent MJ PSA 10 rookie that PSA confiscated?
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yup.....
http://www.sportscardradio.com/vegas-dave-fraudulent-psa-michael-jordan-rc-card/
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Buyers comment- “Everyone had the opportunity but I’m the only one that had the balls to hit the bid.” He calls it balls- I'd call it something else. Anyone else think Derek Carr cards are going "to go through the roof?"
The article is quite entertaining. I know better than to dis on a guy like this because sometimes these outrageous forecasts come true and he might one day be laughing all the way to the bank. That said it seems unlikely that this card will ever be the most expensive baseball card that exists and it seems even more unlikely that Derek Carr (just learning who he is) will go on to bigger investment returns than Mike Trout.
Generally speaking I would think that if a card has sat at what appears to be an exorbitant price that there actually isn't really solid demand for it in that price range hence why it hasn't sold. The comment above about he wasn't bidding against anyone could be very true and the next legitimate buyer might be much lower than he realizes. What may prove to be a bigger risk is what we call in the investment world liquidity risk. If this guy is really in hot water stemming from prior business dealings he may at some point run out of cash and need to sell some of his beloved cards and this isn't the type of card that can be moved in seconds at top dollar.
It is pretty cool though to think that someone who busted open a pack of the 2009 Bowman literally hit the jackpot. That certainly doesn't hurt pack sales when the payoffs can be so high.
A guy buying up pre-rookies of Mike Trout for insane prices made me think of this one hockey collector that buys 1972 OPC #259 Don Lever cards. He has for over ten years made it almost impossible on eBay to buy his high grade raw cards for under $50 and a significant premium for this card graded 7 and higher. I have always wondered about whether or not highway traffic theory would at some point kick in, and long after the buyer is done sniping every last Don Lever card he could find all buyers might still pay a premium because it has become a price fixed echo of previous actions.
Collectors. We are a strange bunch.
I'd be more interested to know what some of this guy's worst bets have been.
Of course, not wishing Trout any ill-will, but he's one ACL tear away from this being one of them.
If I were a gambling man, I'd be interested in putting some money down on the future of the Star #101 Jordan BGS 9.5.
Arthur