Quote:
Originally Posted by arrowheadnation
Pretty much everything is going bonkers right now. Cards that sold for a couple bucks a few months ago are going for $200+ (in a high grade of course).
Mahomes stuff is astro-freaking-nomical! Higher now than when he won the Super Bowl.
Pretty much anything basketball related is at levels never seen before.
A Mike Trout card set a modern day baseball card record a couple nights ago at $900,000.
You would think high unemployment and quarantine would have lead to a huge drop in prices, but it's been the exact opposite. I assume it is because the casual collector with lots of spending money is locked inside their house with nothing to do but buy stuff online.
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no kidding on Mahomes. I speculated on him in 2017 and bought a bunch of various cards in psa10 ranging from $8 to $15. I kept the one I figured would be used for the registry sets. The rest I sold when I thought they were high. I was wrong. I sold (4) cards for close to $900. Those same 4 cards would bring about $1500 right now. The one I kept is now averaging about $3100 at Auction. I'm into that one for $12, so I'm good.
The bottom has to drop at some point. The supply exceeds the demand, at least I would think so.