I love perusing the completed eBay auctions by highest price to see some of the ridiculous sales that do and do not take place. Over the last few months, Michael Jordan has become a frequent repeat offender of the highest completed sales, mainly in regards to rare jerseys, autographs, and inserts from the late 1990s. When I saw the most recent sale pop up, a gold embossed refractor graded BGS 9.5, I was literally shocked at the price.
Then, I started to read about some of the questions surrounding sales like these, mainly interested by the accusations that a small group of Michael Jordan collectors incestuously sell cards among themselves with the hope to increase the value of their own collections. Although there is nothing concrete, some of the evidence is piling up to show there is more than meets the eye. In fact, since the sale mentioned above, two other gold embossed refractors have popped up on eBay, one being sold by the accused party:
What I don’t think people understand is how few people actually know about where to even research a purchase as large as these are turning out to be. Obviously, if there is someone willing to pay the price of a Honda Accord for a Jordan card, they probably have money to burn. Regardless, to manipulate the market is unfair to everyone, as we all know that eBay completed auctions are gospel to many people out there. Its very difficult to ignore the fact that the same card that sold above went unsold at a much lower price a few weeks prior, and originally sold even further below that. Are we really to expect that the value of the card, for a player who’s accomplishments and life status will not change week to week, fluctuates at 150%? Even I am skeptical of that type of dynamic change.
According to the seller, the sale has already been completed, which begs the question of whether or not the sale was done solely to help one of the other gold embossed refractors along in its sale. In fact, there are further accusations that a ton of the more recent Jordan rare insert sales have gone this same direction. I am becoming more and more skeptical by the day, however, the guy who paid 20K for the Strasburg Superfractor was not a diehard collector in the slightest, so there is always a chance. We all know this has to happen all the time, and I am not surprised that it is happening with cards like this. I AM surprised that it isnt with more cards that dont cost as much as this one did. Only further evidence in sales will show the true nature of these transactions.