Will vintage Michael Jordan card prices last or should you sell now?

[jwolfe890]

If you're not aware, the prices of Michael Jordan cards from the 1980s high skyrocketed in the last year. A psa 10 of the 1986 fleer rookie went from 30-40k to over $700,000k!

I have a 1986 fleer Jordan sticker that has skyrocketed in price. I love the card but the prices are so high right now I'm worried if I don't sell it, it will tank in price post-coronavirus.

I guess they could keep going up in price like the vintage Mantle cards.

What is everyone's opinion on why these Jordan cards have skyrocketed in price? I think the Last Dance and the pandemic have contributed to the surge, but even factoring those in the current prices are unfathomable. Do you think they'll last?

[rjabreu88]

I think there will be a correction in the short term to high prices of the whole industry. 10-20% drop even the Jordan's. However, I do think long term there will be continued growth with the Jordan's, Lebrons maybe kobes. The GOATS in each sport Gretzky, Brady etc have been getting interest from investors and their high end stuff are becoming part of peoples portfolios as cards to hold for several years to watch them grow. Just my opinion.

[jwolfe890]

Yeah, I think you're right about the Jordans, Gretzky's etc. Especially since cards from that era only have a single card per year, and with basketball the sport increasingly has global reach. Little ridiculous to own a sticker worth the price of a car, but 10 years out I can only see it going up.

[ethunder]

$700k for the RC is incredible. I would be selling it for sure. Maybe get a nice autograph to display and keep the profit!

[jwolfe890]

haha, I just have the sticker not the full rookie. would be nice.

[zack7983]

I think even if everything else drops, the true GOATS of each sport really won't go down and if they do, it won't last long at all.

[pwaldo]

Not that I want to be the guy to bring this up but look at what Kobe's stuff did after he died. Unless Jordan lives forever the moment he passes away the card prices you see now will look like BARGAINS. Basketball is different than the other sports as there is a global market for basketball cards. In the US baseball and football probably rule over basketball but with the worldwide market added basketball is king and it isn't going away anytime soon. The reason it is that way is because of Jordan. Michael Jordan is the Babe Ruth of the last 100 years. Ruth made baseball and sports and Jordan took it to the next level. Nobody else playing is anywhere close to being as influential as he is/was.

I don't know where the card market is going to go in the future (nobody does) but Jordan's stuff is easily the safest bet going forward. So if you need the money sell now but if you don't just ride it out.

[markw2856]

Jordan is the only PC I had growing up. I have a number of cards stored away so I don't get the urge to sell any. I was the type of person that I never minded having doubles, triples, 10+ of the same card if it was a Jordan one. I don't see his stuff going down at all.

Finding mint stuff of his from the 80s and 90s will only get harder and harder as the years go on. Unopened boxes/packs have soared lately. You could find for example a 1990 Fleer Basketball box for $10-15 for a number of years. Now the price is $200+. This is not only happening for Jordan years stuff but majority of unopened boxes now. I remember buying 6 boxes of 2005-06 Topps Basketball for around $55/box, now is around 10x plus a box. Basketball is huge around the world.

Finding mint cards is tough, Kobe death, majority of the stars from when I collected are in the HOF or will be in the HOF are also driving the price. Number of factors not just a Jordan one.

I remember growing up that 1993 Finest Jordan would sell for $5-10. I went to the LCS and probably overpaid at the time but would buy whatever they had. Now routinely sells for $80, $100, $150+ raw. Collectors/investors are willing to take a chance and pay four figures for a box of cards hoping for a case hit. The industry has expanded/changed and the low end stuff from 30-40 years ago is just soaring now.