Sports Card Pump & Dump Is Worse Than We Thought 🚨
Вставка
- Опубліковано 9 жов 2024
- Sports Card Pump & Dump Is Worse Than We Thought 🚨
#tradingcards #SportsCards #cardcollecting
The ridiculous comps we discussed with the recent Heritage Auction of Exquisite Basketball is worse than we thought!
Chapters:
00:00 - Intro & Pump'n'Dump RECAP
01:47 - Worse than thought;
03:32 - Out of touch collectors justifying ridiculous comps;
06:00 - Be careful who you listen to;
07:33 - Update to cleaned and decertified Luka Doncic card!;
🙌 Attributions:
Refer to those mentioned in the video.
Join this channel to get access to perks:
/ @danthecardman2
✉ If you have any news, or things you think I should follow up on, hit me up at:
Email - danthecardman@outlook.com
📸 Socials:
Instagram - / dan.the.card.man
⚠ Disclaimer:
This video is for entertainment purposes only. You should not construe any such information or other material as fact, legal, tax, investment, financial, or other advice. Opinions expressed are solely my own and do not express the views or opinions of my employer.
This is very similar to the WATA graded video game scandal from last year (there's a 2 part video series on here that breaks it all down). And, wouldn't you know it, Heritage Auctions was right in the middle of that one too. Same thing, a group of "investors" bought up a bunch of sealed video games, artificially pumped up the prices, then sold their stock.
100%
This reminds me of WATA games and their illegal activities.
The pump becomes even more obvious, when you look back at heritage's posts.
That was a very large collection of exquisite items consigned, and there's likely lots of stuff left to sell.
Your channel has taught me to stick to $5 cards 😂😂.. less drama
Right! I surely don’t have to worry about these problems 😝
$5 cards have more profit potential than most $500 cards.
These people are making it so everything they say will be treated like a bogus pump … you will be bagholder … do your own homework
nothing like a good market manipulation in a hobby rife with scams. Enjoy what you collect.
If it is "perfectly okay", then there is no reason not to disclose it.
I think it’s fair if someone wants to make the point that the higher sale is more in line with what the market should be..but that doesn’t mean go pay 4x or whatever when a cheaper option is available lol
just cuz you think it SHOULD be doesnt mean shit i think that kevin maas cards SHOULD be $100000000000000000 doesnt mean anyone else does or that the market says so
gj dan, any vid bout the wemby mercury and lack of odds sheet? scummy move from topps to exclude odds for a 10k box
Wonder how many boxes will have 4 golds to 50 and a red to 5 like cc2's?
@@johnwayne9828 only cc2s since hes a good ol boy
@@vendora1dude got a loaded box and still had the nerve to bitch because the rpa wasn't super low numbered too.
The VP from Sotheby's coming out to talk about how these cards should be worth more because of their "importance" to the "community" tells you all you need to know. If you look up definitions for a pump and dump scheme on Google, this is why they frequently reference social media and the starting point for a lot if them.
Geoff has already pumped the Wemby product to $10k. It’s crazy what these influencers will do to make money
greed
Scammers going to scam. No penalties in the hobby. Grifters going to grift
They’re out to get you…
There’s something evil lurking in the dark…..
Shiller by Michael Hackson 😂😂
Here is a thought, I could be wrong though,... Could people at Goldin be pumping up the auction sale price to extreme higher amounts and then all of a sudden the "winning bidder doesnt pay" so they give it to 2nd place behind the scenes even though it looks like the winning bid was X amount and higher. Then for tax reasons or some other unknown reason like wanting to sell THEIR (Goldin staff) cards for the same X amount, happen? Does this make sense??
yes thats called bid-pumping and totally illegal for auction houses to engage in // the problem is proving it
so friggin’ shady
DAN... Big question here I would love to get your opinion please. So I found at a flea market 682 rare cards in a binder (I bought it). When I say rare, these are cards that individually sell for anywhere between 3-5 dollars, sometimes more like $7 depending on the player. Even a couple 30-40 dollar cards in there. Most I would say are between 3-5 dollars though. However there are a lot of $5 cards here. The cards though are high end. Like for example, I have 122 Fleer Brilliance, 68 Skybox EX Century, 85 MLB Topps Stars where every single card is actually #'d to /9799. There are 43 Donruss Preferred Bronze. Then there are 364 cards that are Skybox Metal Universe! All of these cards are baseball and I would say 75% are stars or HOF'ers. Anyway, again, there are a total of 682 cards in mint condition. What should I ask for on Ebay? I was thinking $1 per card at $682. Or should I ask $500 which would come out to 73 cents a card.
Any help would be appreciated! These are beautiful high end cards in amazing condition.
people buy cards like that in a lot esp if they are trying to make sets of them the $500 price point is more attractive
@@vendora1 Thanks for the help! I was thinking $500 is where I want to be. If someone sold them individually or in groups of 3 they would 3-4x their investment I bet. Would take awhile though lol.
At the end of the day its M-J-W-R-C...which one are you? In this space there is NO MARKET MAKER! Manufacturer create a price and end consumers a.k.a buyers (C ) determine the end price. If some showoff wants to drop bomds over here and bless me with an extra couple G's its A-Ok...reality says otherwise 😂
Geoff Wilson is shocked
lol