Watch this guy open a $200 pack of basketball cards
If you collected basketball cards in the 80s you were paying 50 cents a pack for Fleer cards until Hoops came along in 1989 with retail packs, selling between 75 cents to $1, that had everybody scrambling for a $30 David Robinson rookie card. Then in the early 90s, Topps got back in the game and Skybox and Upper Deck came along but most packs were still selling for a buck or less. Then in 1992, thanks partially to Shaq and his exclusive deal with Classic, the hobby started to explode and companies started coming out with multiple premium lines that went up to $3 per pack retail but could cost much more because of the Shaq mania and inserts and redemption cards of his selling for hundreds of dollars .
The sports card hobby hit it’s popularity peak over the next decade with packs of cards going for as high as $15 per pack and then like the dot com bubble burst at the end of the millennium and beginning of the new one, the hobby changed, most stores closed because their was no overhead on Ebay, kids quit collecting as they could download their favorite pics of their players on the web and most of the companies with basketball licenses went bankrupt and/or were bought out. Then over the next few years we saw the sportscard market turn into a hobby for wealthy people, investors or fanatics that don’t have a girlfriend to spend money on. Companies were coming out with packs of cards selling for hundreds of dollars and rookie cards of new players premiered in Becket for thousand of dollars.
To put this in perspective, an ungraded 1986 Fleer Michael Jordan card goes for about $1,000 but LeBron James 2003 Exquisite rookie card will set you back five figures if you can find one. There’s a BGS graded 9 LeBron rookie available on ebay right now for only $12,000!
Then in 2011, Panini became the only major player in the town when it came to basketball products and they put packs back into retails stores like Wal-Mart and Target for a $1 and they gave the investors high end packs that could cost them hundreds of dollars a pack.
Mike D got his hands one one of these $200 packs of Elite Black cards and opened it for everybody on Ebay to see if found any gold or just flushed a couple hundred dollars away.
The best card out of the pack was an autographed Kareem which will probably sell for $100-200 to the right buyer. If that sounds like a loss just imagine how bad you would have felt if you pulled this Shawn Bradley autograph going for $7.50 on Ebay.