Vs
How is this a thing?
A pop 64 much more rare and imo better card vs pop 2800 with much more unopened product sitting around. Samey price?
Fundamentals don’t matter anymore?
Vs
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I am taking Shining Magikarp all day long. I had one as a kid, wish I still had it
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Rarity is a fundamental, but all fundamentals are not weighted equally. The sheer volume of modern fans who want modern cards outweighs low pop on a card. I like Shining Magikarp too, but the new one has much more vibrant art telling a dramatic story in the artwork. Magikarp is overcoming a challenge, climbing a waterfall, and flying through a vibrant world. The old art is just a shiny karp existing.
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As with any collectible, supply and demand dictate price. There is a low supply of PSA 10 Neo Revelation Shining Magikarp, but also relatively low demand.
With a pop of 15,000, a PSA 10 rate of 19% is actually pretty abysmal on a modern card. Pair this relatively low gem mint rate with insane demand because of the art and stonk culture, and you get a normal IR selling in the thousands.
The wonderful thing about Pokemon is that you get to collect what you want. If some folks want to spend $3,000 on an IR from Paldea Evolved, I’m not going to stop them. It certainly carries more risk in my opinion, but I’m one of those vintage shills. 
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Modern Pokemon is cooked
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I have people trying to convince me of this. I get it the art is “better” but tomorrow the next Magikarp art comes out that is better, will this one retain it’s best Magikarp art crown? All I see is risk, do people think this will continue to go up and outperform? Shining Magikarp had actually boomed too but I’d feel much better about putting a portion of collection dollars into it.
I probably would of said the same thing with pal en Magikarp hit 1k too so idk. I think it has to be a case of buy what you like especially in risky times.
I just see opportunity
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2500 for the magikarp ir damn… guess its time to pump more paldea boxes 
Could we get a comparison for the JP versions too?
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It’s not about fundamentals really, it is about demand / fomo.
It is a major thing that drives markets.
“Older, minter, rarer, better” doesnt really apply exclusively.
Yes, high pop cards are “high pop” but the market is such that it is a drop in the ocean on demand (think Moonbreon).
I think a lot of us here have learned a valuable lesson - me especially.
I just love my neo 3 Shining Karps though. Graded all these in the past few years and one BGS 9 from a PSA 6 lol
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AR Magikarp PSA 10 has been sitting comfortably at $100-140, with a population of 38,752
Neo 3 Shining Magikarp PSA 10 solds ranged $3.5-5k, with 123
Worth noting that while 25th Anniversary Collection’s Shining Magikarp has not affected Neo 3’s price, it has made the card much easier to obtain for modern crowds (like gold star Umbreon) - 14,998 PSA 10s, $55-90 solds
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It is a bit crazy, modern continues to baffle me. I’ve noticed some big gains in XY era as well on this one, I got this one for like $50 just a few years ago in PSA 10:
It seems like the pop is mattering less and less if the demand is there. People hang on to their copies and supply & demand still takes over regardless. Then you have people hoarding or sitting on sealed boxes with less and less product to open. I don’t know if it’ll ever change, I just think fundamentally the whole market changed a lot the past few years that it’s anyone’s best guess where it will all end up in the long term, but clearly history is not repeating like it once was these days.
In a boom/bubble pop doesn’t matter, but it becomes pretty important pretty fast when the free tendies start to dry up and the people who hodl simply because “it goes up every day” no longer see that movement
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531 PSA 10s with a 14% 10 rate
I think that one was also because of the automatically more expensive JP version (20th Battle Festa point prize)
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Moonbreon grew ( was stable ) during a massive bear market
I hate this card so much
Just look at that chart, it’s basically perfect
I don’t really think it was a bear market from 21-24
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That’s a hot take
There was a global bear market, all these things (even pokemanz) are connected with each other
'member swsh booster boxes sub 100$
Definitely a bear
Swsh boxes being near MSRP is what is supposed to happen. Stuff was just settling from the last bubble of Pokemon I wouldn’t say it was crashing they were still higher than 2019 across the board
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That sounds exactly like a bear market to me
Doesn’t have to be crashing to be a bear market man
They were sub msrp often too eg. Chilling
Point is money wasn’t flowing into pokemon or anywhere else asset-wise as bond yields were high @ 5%+
That’s a bear market
The fact moonbreon maintained that price chart considering macros is pretty cool to see