Jordan Prices dropping?

[tarheelsnipe]

Are Jordan auto prices finally falling? Just going through Ebay's completed listings over the past month, there are a lot of red listings on the BIN cards. Reminds me of the housing market standoff. Sellers won't go below their minimum, and buyers aren't willing to pay the prices. There is even a MJ/LJ Exquisite dual patch auto that sold for $1,100. That's almost 50% of what they were selling for a year ago.

The same thing is happening with other big names... Russell, Magic, Bird, etc.

Anybody have more examples to support or debunk my observation? Just wanted to see if other collectors are seeing a similar trend. The claim by the collecting superpowers (Beckett, Joe Orlando from PSA, etc) has been that the hobby's high end cards will sustain a recession relatively unscathed.

[jeebus86]

I usually notice when some MJs end in a auction format, they still end at the average amount which is between $300-$350.

Usually with the BIN auctions, regardless how reasonable the BIN price may be, I think the buyer will always want it for the cheapest amount possible, so they will always make low-ball offers like $200-$250, making it very difficult for those BIN auctions to sell.

Also, I as a buyer always have a perception of when a seller has a BIN auction with a BO, they're probably desperate to sell it very quickly, and in many case they are willing to take a low-ball offer.

So you can't really blame the buyer for making low-ball offers when they're are some sellers out there who are willing to take it.

[tristan20]

Seems pretty normal to me

You cant base price on one or two cards. And ebay fees are killing sellers.

[tarheelsnipe]

thanks for the replies. i thought i remembered them being higher for some reason. i'm working on the 08 Exquisite Enshrinements set so I've been watching several MJ auto auctions to get a ballpark price for that one.

[sl7in]

Maybe due to the market being flooded with their autographs.

[SMVintage]

I have actually been studying baseball trends and after HOF inductions (usually a year or 2) a player's memorabilia prices actually fall- this ranges from cards to autographs

[Zeppelin1985]

Maybe it's because some people really need the money and have decided their cards must go and don't care what they sell for because they desperately need money. I know this won't happen with me, hopefully! I guess those eBay sellers hurt collectors like myself who do not sell their cards and are in this hobby for the long haul. Don't ya think?

I just hate eBay altogether though for what they've done to card collecting. What are these eBay fees though? I guess eBay has to get their cut when you make a sale, huh? Well isn't that nice! The collectors get the shaft again with card companies mass producing & getting rid of their stock while it is devaluing cards and then on top of that eBay has to get their cut.

lol. just laugh is all i can do.

[whalechaser]

Card prices for Jordan Auto's has seem pretty steady to me, but they are cheaper than before I think simply because there are so many out there right now. His rare inserts though seem like they have been slowly going up in value.

As for ebay, it's good and bad. My collection has improved so much because of ebay, and it's always nice getting deals and rare cards you wouldn't run into other wise. Selling is okay sometimes too because a lot of times a buyer can be found for stuff that do not sell on the forums/trade sites/etc, simply because there are more buyers on ebay. Often times ebay does reflect the true value of a card (except for the auctions where they are listed poorly) There fees are getting ridiculous though.

I think ebay is bad because I never even open wax anymore because I can get a better deal buying singles, so I do miss opening wax.

But back on topic... Jordan autos are pretty steady.. I have not seen one go for less than 300$ yet..

[beishuizen91]

I think that the recession plays a big deal in all of this. Nobody wants to spend big money on cards these days, and I can't totally blame them.