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Date posted: Aug 20, 2011
Updated: Aug 30, 2011
By Matt Cassidy
Contributor: The final point of the theories section was contributed by Lou Costabile of http://www.JustMJ23.com. Follow up interview provided by Jun Kim.
Any long time collectors of Michael Jordan cards will know that right now we are seeing some massive increases in the sales prices of Jordan trading cards. For some items we have seen a 100% increase in value since the start of 2011 alone!
We are seeing 93-94 Michael Jordan Scoring Kings sell for $80 - $120 which is considerably up on the $50 they generally sold for late last year (in fact one recently sold for over $200!).
The popular 95-96 Michael Jordan Hoops Skyview has more than doubled in value in less than 12 months, now selling in the $100 - $130 range up from $40 - $50 late last year.
The 96-97 Michael Jordan Big Men On Court cards now sell for around $250 (with a couple recently selling for over $300). This has rapidly increased over the approximately $170 - $200 the cards were garnering this time last year.
And the 07-08 Upper Deck Michael Jordan Die-Cut All Star has almost doubled in value in the last 12 months from $75 to around $140 now. Again there was a sale well above this recently - one in July going for $350!
I could go on with examples for this entire article however proving to you the rapid price increases isn’t my goal - those were just a few interesting examples and it’s something we’re seeing across the board with Michael Jordan trading cards. What I want to look at is some of the theories going around about why this is happening, how long it will last and what it means for Michael Jordan memorabilia collectors.
There is certainly a lot of talk online about the price explosion of Jordan trading cards and a particularly interesting thread over at Hobby Kings on the topic.
In reading online forums and blogs, talking to collectors and weighing in on the topic myself, I have come up with what I think are the top theories about why Jordan trading cards are exploding in value:
I have never seen such an all encompassing jump in values of Michael Jordan cards like this before. Guessing how long the price rising will last would require knowing exactly what is causing the rise in the first place. So really it is up to you - which of the above do you think is the cause?
A bubble will burst eventually but then a general renewed interest in Jordan’s iconic status may never dissipate. Dodgy behavior on eBay will hopefully be stamped out but then the internet age connecting collectors with high disposable incomes might continue to thrive for many years to come.
We are talking about a somewhat finite resource so the more life-long treasured collections built means fewer cards up for sale which means higher prices for those looking to buy.
This is hard to say - do you wait it out and hope prices drop? What if they just keep rising?
Early last year I knocked back an offer to pay $95 for a mint, coated 94-95 Michael Jordan Refractor - that card now sells for $200 ungraded!
Though it can mean it is expensive to buy more cards, greater interest in collecting is always going to be a good thing. It means your investment will be more secure, you have more fellow collectors to share and talk with and there will be more past collectors looking to sell their old collections.
So I don’t think it is doom and gloom at all - in fact quite the opposite. It is an exciting time to be a collector of Michael Jordan cards!
Happy collecting everyone!
Update: October 03 2011:
I have just posted an interview with collector and eBay seller Jun Kim (rare23air83) discussing his insights into the current prices rises.
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