all those other things you say he collects are terrible “investments” that cant even beat the s&p 500 if u factor in storage costs and such for some of those u prolly arent even breaking even and stuff like watches just straight up lose value YoY
the only one u can make the argument for as a “good” investment is potentially artwork for the sole reason that it is used to launder money
If anything, to me this is just another indicator of an inclement market pop for collectibles of all kinds, not just Pokemon. This bloodsucker couldn’t care less about the card he just bought.
The entire collecting sphere has recently attracted the worst kind of fanfare that always leaves things worse than when it found them. It’s one thing when wealthy collectors with genuine passion make extravagant purchases, it’s another when swathes of people with an unscrupulous O’ Leary mindset enter a market and run it into the ground.
I mean, I’m sure he knows what he’s doing lol. Guys like Kevin O’Leary don’t just throw money at things. Maybe he doesn’t have an intricate knowledge of sports cards as a whole, but you can bet that he has some ELITE advisors in his ear.
The post I quoted said “run the market into the ground,” which is another way of saying destroying the market/hobby. Also, the hobby is in no way, shape or form “worse” since Logan Paul entered.
Logan Paul is a certified douchebag, but I’d actually put him into the camp of “wealthy enthusiast.” His interest in vintage Pokemon seems authentic to me.
Whereas O’ Leary is a business mogul that thinks it’s swell that billions live in poverty, and would have you killed if he thought it’d make him an extra hundred bucks that day.
I’m not keen on comparing the two outside of them being wealthy.
We have threads on prices pre 2020 to post 2020, the market with this current boom, a serious issue with callout and scalper culture, you can’t get a single big card for pre 2020 price, people entering the hobby that are looking to get a quick buck but can’t name 10 pokemon.
There are entire threads on this so I won’t even bother going through a whole paragraph.
I can say that Logan Paul was NOT a direct cause, it was mostly a indirect cause that created a tidal wave (if that makes sense)
You’re right, but let’s remember what the initial reaction was when Logan Paul entered the hobby. Everyone tried to gatekeep and people panicked that he would ruin the market (assuming you were around in 2020 when it happened).
The market is a cycle. We had the Pokemon Go boom in 2016-17. Prices eventually settled. We had the COVID/Logan Paul boom in 2020. Prices settled. We have the 2025 boom going on right now. Once again, prices will settle, and the same thing will happen if people like O’Leary get into the market (which we don’t even know will actually happen). People are panicking about something that hasn’t even happened yet. Lol.
The market is fine and always will be fine. There will be bumps and turbulence along the way for sure, but that’s the nature of the beast. People just need to relax and not worry so much about what everyone else is doing. It’s not healthy.
As for Logan Paul, you seem to be completely missing my overarching point and are moving the goal posts, which is not surprising. My point was that people said the same things about Logan Paul in 2020 that they are currently saying about O’Leary in this thread.
Regardless, I am not going to waste my time continuing this back and forth with you. Not to be a dick, but when you use ALL CAPS and emojis to try and make a point (one that wasn’t even accurate, by the way), you’re not going to gain yourself any points. Just a helpful suggestion.
Ha, I remember the Logan Paul frenzy all too well. Hadn’t seen anything like it before. It just all seemed more…authentic than this current boom. People rediscovering the joy of Pokemon during trying times.
You’re right though, relaxing and staying calm is always best course. It’ll inevitably settle one again, I’m just feeling very cynical about the current state of it all.
paying 12M for that thing already means he doesnt know what its doing the HA estimate was $6M which if u know HA all of their estimates are inflated (they don’t provide estimates for video games or pokes)
him and his “team” are obviously gonna fractionalize it and will obviously fail to find enough “investors” at that price point just like logan with the $5M illustrator
What’s the hypothetical upper limit that could happen with a scenario like this?
Be billionaire investment guy
Buyout all or the majority of all low population cards in secret over a year or two.
Obtain a significant position on all low pop rare cards.
Get rich appraisal friend to appraise the cards.
Appraisal isn’t based off market sales, appraisal gets based off comparison to the most expensive card(s) in existence.
Cards with earlier release dates and lower populations than the most expensive card(s) get appraised at a higher value than the most expensive card currently in existence.
Release an appraisal report.
Start my own collectible selling platform.
Buy my own cards at appraised value, while avoiding fees.
Create my own fair market value.
Hold grading companies accountable for any fakes based on fair market value.
Bankrupt and acquire the grading company.
Implement chain of custody for high end cards similar to high end art.
Implement quantifiable digital grading standards to make grading objective as opposed to subjective.
Open a Pokémon card museum.
Donate one of the cards to your own museum.
Receive tax write off based off the value of the donation, avoiding having to pay any tax on card profits you made by selling to yourself.