I think it'll be a mix of some stuff falling out while other things level off. It could vary depending on the sport and product though. Things like some of the newer product offerings might not hold up.I don’t think the bottom will just all of a sudden fall out, but I could see it leveling off some. I think this is the new norm for the most part.
I am a bit concerned however that Topps didn’t learn from the junk wax era and it will repeat itself. It’s so tempting to just produce more and more in the short term. I haven’t seen any production numbers, just what a few YouTube breakers have mentioned on their channels about how gold parallels are still #d for the year of release, but are harder to pull because more product was printed. Also, there’s just so many damn releases all year long. I’m speaking purely on baseball because that’s what I follow. Now you have Topps UK, bowman 1st edition, A/G chrome, stadium club chrome, Steve aoki, multiple high end releases and so on. Does a multi-colored patch or hof auto /10 really mean as much anymore when another one will be coming out in a few months?
Sent from my iPhone using Freedom Card Board mobile app
(they don't know or care that they don't have logos, they just know that a 2012 Heritage Trout is $100 while a 2012 Prizm Trout is $5, so maybe the Prizm is undervalued), and slabbing has driven the price of something like 1991 Topps from $10 a box to $40.
That is one of many nutty things we are seeing right now (and discussing). The junk wax is not diminishing in quantity to the point of justifying the price hikes, but high grade cards seem to be skyrocketing, so people are willing to pay a lot more at that gamble.not to get nitpicky but the 2012 prizm trout bv has been fluctuating between 120 and 150 since last winter (i got 125 for mine when bv was 150 so fairly solid cash value) and box prices of junk wax era stuff are even higher than your example...just as another example , 2 years ago i bought 10 boxes of 91=92 fleer basketball ...paid $1 each...last month d&a had a "clearance sale" on them - at $209-229 per box...
I blame that little "stock market going up" icon you can put in eBay auction titles. It made everybody realize sports cards are a can't-miss investment.
The iconic cards can always maintain value due to people with deep pockets, but for the rest of the market this is clearly unsustainable and anybody who tells you different is either a moron or a huckster trying to hype up the market so they can sell their stuff at a higher price to a bigger sucker as if it were Gamestop stock or Dogecoin.
I do think once the fad is over prices aren't going to drop back quite to pre-pandemic levels since a few of the new investors will stick around as collectors and provide a wider base of card buyers. But the card companies might be in a pickle when they can't just sell out of any old crap they poop out.
Well it's not dropping quite yet...
Find many great new & used options and get the best deals for 1997 Fleer Ultra Jose Canseco Platinum Medallion SP /200 Card #P376 Nice! A13 at the best online prices at eBay! Free shipping for many products!www.ebay.com
1997 Ultra Platinum Medallion Jose Canseco sold for $224 yesterday, and the card has noticeable edge chipping on front and back. That's actually the last card I need for my team set, so that one's not being completed any time soon. Yet there's a 1998 Platinum with half the print run sitting there with a $63 BIN? People are going nuts because they're afraid the card will go up or they won't see it again. I've been guilty of this on a lesser scale, but not a $224 scale.
That was me, and not due to FOMO - it is legitimately a super tough card that is on an extremely short list of wants that I have. I've only seen 2 other copies in decent condition. This is a case of the print run not telling the whole story - the '98 Platinum you mentioned could very well be seen 10 times before we see another nice 97 Ultra plat. Good luck on your search! There is one with some snow ebay right now.
Yeah I wonder if there is something specific about the Canseco, I know I've been trying to finish up both the '97 and '98 Ultra Platinum team sets in the last year and a half and as I've had a lot more luck finding the 1997 cards. I still need 5 '98s but Canseco has been the last '97 I need for at least 6 months now. In that time there have definitely been more of the 1998 Canseco available so maybe something is up with his 1997 print run or maybe it's just random luck over the last couple years.
I can't bring myself to buy that damaged one, and one of the 1998 cards I need is Rickey, so I think both team sets are going to be incomplete for a while. And I need TWO Rickeys from 1999. At least I have the 2000 Ultra Platinum team set?