Why are these selling for so much???

[Luongo Collector]

Since the start I have always felt like I had a good handle on Luongo prices. I search 3 times a day, everyday, for the past 20 years. Yet lately there has been some insane prices, even for lower end cards, and I just dont get it.

First, lets look at the Chronology Lettermarks.

3 separate letters have sold so far for $250, $275, and $300 cdn. I was outbid on each one!! And its just crazy.

Over the past few weeks I have added some decent pieces that sold for triple what they usually would, and here is one that I had to pass on, and got outbid by $1. A triple jersey /50? for $56US??

https://www.ebay.com/itm/LUONGO-NAS...sey-50/264990056491?ssPageName=STRK:MEBIDX:IT

But I did get caught up in this item and cost me way more than expected....

https://www.ebay.com/itm/10-11-PANI...e=STRK:MEBIDX:IT&_trksid=p2057872.m2749.l2649

And another.....
https://www.ebay.com/itm/Brodeur-Lu...e=STRK:MEBIDX:IT&_trksid=p2057872.m2749.l2648

Honestly... what the !@#$ is going on lately?

Chris

 

[99goals]

Its not just him. I follow these cards religously. Go look at Gretzky and Patrick Roy letters.

 

[rohara99]

Many of the facebook groups are full of people trying to spell their name or their kids name, etc. Maybe more people then normal?

Plus they're selling for so much because 2020 (now because 2021)!

 

[spooner9ball]

If you're doing it..... they're doing it.... and so on.

 

[BrookIsland]

I had a very similar experience making the Isles Letterman for Chronology Volume 1 (that are my icon here at HI) - some were $35-$50 USD and one was almost $150 - I think it's definitely the rising tide effect of all hockey cards right now but in particular the trend that rohara mentions about lots of people chasing the letters -

What I really don't get is why they are chasing the styrene letters in Volume 2 for crazy money.

Feels more and more bubbly...just hope the burst isn't too painful.

 

[creasecollector]

If you're doing it..... they're doing it.... and so on.

This. Lots of demand for cards right now.

Plus more competion than normal because people are either coming back to the hobby where they leftoff or new people alltogether coming into the hobby.

I was outbid/sniped at 11:45pm on a Sunday night for an Enroth card last night. Shot up a lot more than I would have thought, which was a surprise. I didn't need the card, but still. Weird.

 

[30ranfordfan]

I'm seeing it too. Ranford from Chronology (has letters, in Vol 2) is selling WAY higher than his autos normally do. I can't nail down an Inscribed SOTT either, they keep selling for 5x what a hard signed auto of his normally would fetch.

 

[leafer70]

Ya I can't understand that triple jersey selling for that much. Great if you're a seller, sucks as a collector. I've seen similar cases with Salming cards I need, going for much more than what they did a year ago. I can understand the Gretzky's, Crosby's etc. and I can even accept a marginal increase of other cards across the board due to the current state of the hobby. As such, I'm prepared to pay a little more than usual but no way I'm overpaying for anything.

 

[Burner]

Lot of money flowing into cards due to COVID, especially speculators who are moving over from Basketball, Football and Baseball because those markets are tapped out and hockey's ripe for the picking.

 

[dismonkey1]

Can't comment on the Lettermen, but sometimes those jersey/patch cards sell for a little extra because they just don't pop up that often. For whatever reason some of the /25 and /50 cards just don't hir Ebay for sale and when they do appear, people shell out a little extra coin to snag it. You can't always compare the population of a card with the market scarcity. I bet a lot of folks collected the OPC Premier jersey and patch sets and therefore they are sitting in collections.