More than two PSA 10 1986-87 Fleer Michael Jordan rookie cards sold for huge six-figure prices over the weekend.
You read that right.
Hours after the two Jordan cards sold in his auction for over $738,000 Saturday night, Ken Goldin of Goldin Auctions says he sold two more privately–for the same price. He’ll be offering another one in an auction that opens Thursday.
Goldin says he expects at least one of the new owners of those MJ rookies to make his purchase public by the end of February.
In comments on Instagram, Goldin says he’s been giving an average of one talk per week to investment groups who have begun putting money into sports cards and hearing from agents of high profile athletes who are interested in acquiring some of their own cards.
He cited several other factors impacting the market including hedge funds allocating assets to trading cards, the rise of fractional share companies willing to spend more to acquire assets, an increase in international bidders and other “significant high worth individuals” who have decided to put millions of dollars into trading cards.
He says there is an unprecedented number of bidders who are actively seeking to acquire high-grade, iconic cards and memorabilia for their new collections. “They want trophies. They want the million dollar LeBron card. They want Kobe. They want a Michael Jordan rookie card. They want to say they’ve got the best Steph Curry card in the world.”
A PSA 10 Jordan rookie sticker went up on eBay late last week and bidding was already into six figures by Monday morning as the market for 1986-87 Fleer and Jordan in particular, continues to skyrocket.
The card is part of a new “Flash Auction” concept launched by PWCC which allows the company’s customers to sell can choose their own start date and listing time, select a 1, 3, 5 or 7-day auction and see their cards come on line soon afterward. The Vault Auctions will be ongoing and listings include both modern and vintage cards.
You can check out all of the ‘most watched’ basketball card auctions on eBay here.
If you were willing to wear a mask and be around others, there was plenty of material to be had at the Dallas Card Show last weekend and business was booming. The 400-booth show at the Watters Creek Convention Center drew good crowds Friday, Saturday and Sunday, with collectors coming from across the country.
One long-time dealer I talked with over the weekend says he sold out a large share of his entire inventory during set-up and the first full day of business on Friday.
Sets, graded and ungraded star cards, vintage singles and unopened material was all selling. He took in more money over the three days than at last year’s National. “I can’t tell you how unreal the buying is. Every dealer I talked with said it was the best show they have done.”
We’ve learned there were multiple six-figure deals made during the show.
Ricky Williams, Jack Clark and Spud Webb were among several autograph guests who signed for collectors and fans.
Ahead of the February 10 release date, Topps has unveiled the checklist for 2021 Series 1 Baseball.
You can get download it and get a preview of the product that offers a glimpse of spring during a time when much of the eastern half of the country is buried in snow and cold by clicking here.
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