The Old Giant English Market Thread BC

I wonder if we are going to have another Covid rush into the hobby as lockdowns start increasing over the next few weeks. Also, may get price bumps due to PSA slowing down operations. Sounds like California will be one of first states to lockdown.

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Pretty likely if another stimulus bill gets passed

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very interested as well. my gut says no.

Last German psa 10 went for 33.6k.

Let’s just assume a bgs 10 goes for 75k (very generous assumption)

75kx3 = 225k

and he is saying the 3 combined sold for 591k or roughly 200k a zard.

I Just don’t see a 33.6k jump to 200k for a bgs 10, from a psa 10.

So going with my gut again and saying no… this sale was probably not paid for.

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www.ebay.ca/itm/233772867723

Fatality on that final price

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How much? It’s always hard for me to see exact sold price

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10k usd

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bubble go pop?

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I just looked at the 1st ed price tracker as I had no idea what Blastoise 9s were currently going for - 10k seemed like a very strong price…until I saw the 20k haha :grin:

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I’m still confused with the people that were saying ā€˜It’s just base unlimited’ as 1st edition fossil, jungle, gym, team rocket was going down daily.

It’s like on E4 its an unwritten rule that you have to wait 3-4 days after the market does something so forum members have time to sell their cards on ebay before you are allowed to talk about it here.

I am thinking that sealed WOTC product is due for a correction. The cards inside the packs are worth 50-60% of what they were worth on October 22nd but the price of the sealed packs are down 15%?

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I don’t follow prices that closely until I’m in the market for that specific card. A 50 percent drop off is rough. 10k is a little too rich for my blood tho. I could easily get it by selling off some pieces of my collection but I’m not a fan from of selling some of my cards just to get others.

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ā€œIt’s like on E4 its an unwritten rule that you have to wait 3-4 days after the market does something so forum members have time to sell their cards on ebay before you are allowed to talk about it here.ā€

If you think most people on this forum think like that…

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No, because most people here are not overly concerned with short term market movements. No one is denying it, people just don“t check stuff hourly.

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People were responding to your claim that the ā€˜Pokemon card market is crashing.’ Here’s why I think that’s a false characterization:

  1. Only pre-Neo WotC is declining. I haven’t seen any evidence of a decline in late WotC, and I’ve actually evidence of a significant bump in EX Series prices.

  2. The cards that are declining happen to only be those that also increased by a huge amount. If a card that was $100 in September suddenly spiked to $200 in October, and then went down to $150, I wouldn’t consider that ā€˜crashing.’ That’s routine market correction. It’s not healthy for cards to double or triple in price over the course of less than a month. Obviously cards that experienced that kind of growth are going to correct. If you expected otherwise, then you clearly have very little experience in collectibles markets.

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panic selling is dumb, panic selling is dumb, panic selling is dumb

Like I said in another post, I have seen absolutely zero downturn in my frequency of eBay sales over the last couple weeks, and I haven’t dropped prices at all. Early WOTC will go down as some of the influx of neophytes get bored and or meet their collecting goals. E-Series, ex-era, and beyond will ultimately hold strong as the newcomers that don’t get bored and jump ship move past B/J/F to more nuanced and interesting pastures.

Base/Jungle/Fossil (esp. unlimited) are boring to begin with. An influx of nostalgia can only do so much to bolster sets with bad art that were printed into oblivion. Base Set was never destined to be the eternal market gold standard.

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While the latest PWCC will surely be very interesting to see where some prices land this month, I am psyched that Rusty decided to list a PSA 9 Topsun Blue Back No Number Zard AND a PSA 10 Blue Back 006 at the same time. My feeling is a No Number PSA 9 (and maybe even an 8) is more desirable than a PSA 10 006. I haven’t been following these long enough to know what the market looks like when considering the value of No Numbers vs. the numbered Blue Backs. Would love to know if others have some sense of this from sales other than just ebay. But I do know that adding Green Backs to that discussion just makes my head hurt.

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For my non-UK friends, the UK has extended their equivelant of the stimulus checks until March. We are currently on a lockdown until December 2nd and it will be reviewed again afterwards!

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I love your educated responses

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@karmaawhoree I wonder if you’d be this obsessive over prices if you didn’t buy at the inflated peak.

Prices shot up to steep unsustainable highs for maybe a month or so. But everything is still much, much higher than it was in say, May of this year, so that’s why a ā€œcrashā€ is seen by many here as a misnomer. It’s not that we are in denial that prices are coming off their highs, it’s just that the October price peaks were way over-inflated. I see those peaks as anomalies vs. price indicators.

You bought an anomaly with the intention to flip and got burned and it seems to have given you a negative outlook against anyone who doesn’t agree with you that the market bottoming out.

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Also, this whole discussion reminds me of when people on r/mtgfinance freaked out that Underground Sea had decreased by like 30% in value. What they failed to mention is that before it decreased by 30%, it had increased by 100%. The only people complaining were those that bought at the peak of the reserved list mania.

I have a recommendation for you, @karmaawhoree : don’t purchase items that have rapidly doubled or tripled in value very recently. Prices generally don’t naturally increase at that rate. The fact is that you bought in when the prices were obscenely inflated. If you had bought in at ANY other point in the past 20 years besides last month, you wouldn’t be remotely worried. This not meant as an insult. We all make mistakes. You live, you learn.

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Yeah, @karmaawhoree , I think you need to take a breather. No one is denying that prices for some cards (generally the ones with higher pops) have retraced in the last few weeks. It seems like you bought some of those cards when they were at their highs and that you are now panicking and want other people to share your same sense of panic. Seriously, just take a breath of fresh air. Either sell what you have now and cut your losses or hold for the long-term, but either way - breathe.

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