Jeremy Padawer Instagram – Watching latest Heritage Auctions of non-sports / TCG. A CGC 10 on vintage is yielding more like a PSA 9+ sales results in my opinion. I haven’t studied new cards, just vintage where there is a mostly known universe of graded cards – and few new vintage entries on any singular card compared to the total graded…
For instance:
– A recent Heritage Auction on a CGC 10 1st edition Charizard sold for about $50k. A PSA 10 sells for $175-225k.
– A PSA 9 sells for $22.5-27.5k. All approximations.
– In the last 5 years just a few new PSA 10 1st edition Charizards have been graded. Approximately pop 120 as of 5 years ago and just a few more today.
– There are also approx 1,000 PSA 9’s (estimate not looking as I type this).
– Therefore, The benefit of breaking a PSA 9 for a new grading system where you achieve a 10 becomes the delta between $50k CGC 10 and $25k PSA 9.
– So there is real value. But, it doesn’t seem on vintage cards that there is an acceptance that it’s an equivalent value to the PSA 10.
Please note this is opinion and not based on a scientific fact. It’s based on my studying the market. I’m curious if you’re findings are the same on vintage – where the pool is relatively known.
Jeremy
Thoughts? | Posted on 24/Sep/2023 22:14:00