I’ve written quite extensively about the 1986 Fleer Michael Jordan Rookie Card.
To me, especially since I grew up opening packs of 86 Fleer basketball cards, it’s one of the most polarizing cards in the hobby.
But, over the last year or so, prices on the Jordan rookie card have fallen off a cliff.
It wasn’t all that surprising. After all, Jordan’s PSA 8 Fleer Rookie card went from $3,000 to $25,000 in a little more than a year.
Plus, we are seeing many similar excesses wrung out in other speculative areas of the capital market (high growth stocks, bitcoin).
Card prices can’t go up forever, and sometimes a correction is warranted. Helping to restore sanity to a market, where rational thinking can take over.
In this piece, I dive deeper into the rise and fall of the Jordan rookie card, trying to determine what the future holds.
Has the Jordan Rookie Card reached rock bottom?Read More...