New here? Read up on our past Sports Cards issues to get the most from this post.
May 25th, 2022 | ± 4 minutes
HIGHLIGHTS:
- Cards continue to slide in 2022
- Two Stephen Curry drops as he goes deep in the NBA Finals
- Mixed results from the major auction houses over the weekend
Let’s go!
Table of Contents
Sports Cards in 2022
Firstly, as a reminder, here’s my view on sports cards sectors for 2022.
Bullish on:
-All soccer, especially vintage
-Vintage basketball
-Vintage football
Bearish on:
-Hockey, except for ultra blue-chip
-Golf
-Tennis
-Modern basketball
Sports cards on fractional markets are still up slightly for 2022, though they don’t look like doing much (either way) anytime soon.
The picture on the broader CardLadder index looks less positive, with nearly all sports down for the trailing 30 days. The CL 50 is off more than 7% on the year.
Even Pokemon is struggling now.
Last Week
Fractional secondary markets
Things were looking pretty flat week on fractional marketplaces, with most asset classes tracking between -1.3% and 2.2%. Wrestling and boxing stood out a bit as winners.
This Week
Assets dropping on marketplaces
Collectable dropped a set of three unopened boxes of ‘96-’97 SkyBox E-X2000 on Monday, and we weren’t able to get this out in time to have a view on it. It sold out quickly.
There’s also a Stephen Curry “fund” dropping on Collectable this Sunday. I’ll try to put together a valuation on our Discord before then, so make sure to keep an eye out.
2009 Topps Chrome #101 Stephen Curry /999 BGS 9.5
- Market Cap: $15,000
- Inferred Value: $15,600
- Date: 5/25/2022 on Dibbs
- Our View: [INSIDERS ONLY]
Signed ‘49 Bowman PSA/DNA 8 Jackie Robinson
- Market Cap: $71,350
- Inferred Value: $50k (?)
- Date: 5/26/2022 on Collectable
- Our View: [INSIDERS ONLY]
Auctions
PWCC wrapped up their Biggest Ever Monthly Premier auction over the weekend, and while results there (and elsewhere) were disappointing overall, there were a few bright spots and lots to note.
- This 1986 Fleer Kareem Abdul-Jabbar sticker set records with its $240,000 sale in the PWCC May Premier Auction. According to public data, it is the highest price ever paid for any Fleer sticker and the highest price for any non-rookie Abdul-Jabbar card.
- This 2013 Bowman Chrome Superfractor Aaron Judge rookie autograph 1-of-1 card sold for $324,000, which is more than double the previous record for a Judge card. The previous record? This exact card at auction in 2020 with a sale price of $161,130.
- A Cristiano Ronaldo rookie plunged to $168k from recent highs above $300k, which is a pretty awful result.
Goldin’s Elite auction wrapped over the weekend as well, and the big news there (for me anyway) was another record-setting sale for a female athlete. Serena Williams’ 2003 NetPro Int’l /100 card sold for $266,400, the most for any female athlete ever.
Last but not least, our Podcast
In this episode, Horacio spoke with Alex Engel, the CEO of the new card grading company Rare Edition. Alex talks about the latest developments at Rare Edition and their goals as they enter a competitive market with one of the nicest quality, cutting-edge slabs in the card industry.
That’s all for this week. Make sure to check out our Discord, where issue previews and in-depth valuations get kicked around.
If you want to hear from me more often, you’re in luck – we launched The WC, a new weekly edition that you can sign up for HERE.
Cheers,
Wyatt