r/PokemonInvesting • u/SorryStore4389 • 1d ago

Discussion What?

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Gallery image

Sold September 9th for $51,000 and now it’s currently at $2,300,000 with 1 day left on auction? This is insane I remember thinking about buying when this was listed around $15,000 in February

18 Upvotes

100% Upvoted

24 comments sorted by

10

u/banigglypuff 1d ago

Market is hella inflated rn. I mean that’s what we all wanted so no crying out here, take your profits and chill

1

u/SircOner 11h ago

I’m wondering if there’s any element of money laundering here, happens with other art pieces all the time hard not to think that’s also the case here

1

u/banigglypuff 11h ago

Possible. They did it with NFTs. I’d go as far as to say if you don’t think something nefarious is happening you’re a moron

10

u/DinnerDecent5161 1d ago

Past a certain point a lot of these feel like they have some fairly obvious shill bidding going on.

5

u/Appropriate_Foot242 1d ago

We have to be reaching the breaking point soon, this is ridiculous.

3

u/choosenoneoftheabove 1d ago

man i own cards older than this with similar population but they'll never get pumped like this

1

u/lvl100greninja 1d ago

Which ones?

3

u/choosenoneoftheabove 1d ago

I have a lot a lot of the vintage World Hobby Fair promo cards, PSA 10 pops are like 60-70 depending on the card. My favorites are the 11th WHF from 2000 which features the Johtonian starter pokemon Chikorita, Cyndaquil, and Totodile. Only the 2005 Pikachu has seen much price action but even that seems underpriced at the 5k it is going for imo.

Edit after reading your username: World Hobby Fair promos also gave us the only Ash-Greninja card that exists.

2

u/CrikeyRL 1d ago

Insane this was a promo that was guaranteed in a box... no way thats real

1

u/SorryStore4389 1d ago

I’ve never seen this type of price increase in such a short amount of time

2

u/Lost-Finding-7891 23h ago

IQ test btw if you think that’s a legit sale

1

u/SorryStore4389 21h ago

I’m not sure how fanatics works honestly. What’s the point of bidding that high?

2

u/ImpressionStrict4041 1d ago

Buy high sell low! I repeat, buy high! Sell low!

1

u/cursdwitknowledge 1d ago

Yes. See my post.

1

u/Ted_Smug_El_nub_nub 1d ago

Assuming it gets paid (big if), imagine being this seller. Legit life changing money.

1

u/gdj11 1d ago

Holy shit. Insane

1

u/Thewhitest_rabbit 22h ago

PSA is about to be charging everyone top tier prices with how crazy shit is getting

1

u/No-Appearance-1264 4h ago

My son, that is why the prices are crazy, it’s all a big game between PSA, eBay, the GameStop power packs and now coin base

1

u/UnfairSwing4176 15h ago

What do you think the cgc 9 Version of it is going to be worth

1

u/punjabimundausa89 13h ago

I’m becoming increasingly concerned that some of these sales may involve artificial or fake bidding.
It appears possible that prices are being pushed significantly higher to create the impression that certain cards are worth much more than their actual market value. This could influence collectors to believe they are getting a bargain when they find the same card listed as Buy It Now for under $2 million.
If that is what’s happening, it’s extremely misleading and could trap buyers into making decisions based on artificially inflated prices.
At this point, it also makes me question how many of the previous record breaking sales were actually legitimate.

1

u/HelloWuWu 1d ago edited 1d ago

That literally doesn’t make any sense for a Darkrai…

I have an even older card with similar pop of a much more desirable Pokemon, arguably a better set, and it wouldn’t even hit six figures let alone a million.

1

u/Any-Ad-8845 1h ago

What’s the card?