WOW!

Waxapalooza BBC Exchange Purchase!

Many of the big card titles of the 70s, 80s and early 90s were massively overproduced. They are not quite vintage either. They are just modern cards manufactured well beyond any demand, even now. It's not really surprising that pallets of this stuff might still be lying around in dark places.

So these are sealed boxes of uncirculated non-sport and wrestling cards, but they may or may not be in high grade condition. They shouldn't have handling damage obviously, but they still could have some of the bad printing defects of the era that would cause grading deductions.

It will take a while to find out if it will be a significant enough dump on the market to devalue any prices or increase the number of high grade slabs.

I don't know how much it might mean to Star Wars cards, because everyone already should know that there are millions out there. However it could be more impacting on GPK if rare cards are in the mix. Wrestling cards I don't know about at all.

Not being on social media the link does not open for me, it just goes to a log on screen. Can someone tell us what it is all about please.

John

Most of the tweets were deleted. I read them last night and don't remember the full details. They bought a huge collection of sealed sports and non-sports cards from a family in Canada that used to buy and sell trading cards (I think).

This is the only tweet that wasn't deleted:

quote:

frame. It has many items we have not had in a long time along with several items I know we have never had. There’s multiple pallets of non-sport including almost 500 boxes of Garbage Pail Kids, more than 100 boxes of Star Wars and Empire Strikes Back and enough Wrestling to

That's right, they haven't opened it up yet, but they mentioned 70s and 80s Star Wars, GPK and Wrestling sealed. I don't recall them saying anything about sports, unless you count Wrestling. Maybe at that time you could.

Anyway they showed covered crates, presumably all cases of cards, and specifically mentioned some being OPC, which was always considered to be a rarer line than its TOPPS equivalent.

I've never used the Baseball Card Exchange but it says its the largest seller of vintage sealed boxes and packs. So I'm guessing they will be selling this stuff sealed and then whoever buys the boxes will break or not and it goes to the market from there.

It's funny that there continue to be big finds after all these years. It's more evidence of the huge amount of cards produced back then and how we hold onto stuff past the point of memory or life. On "American Pickers," the guys and Danielle are constantly visiting people whose collector parent has passed away and there's a warehouse/barn full of stuff to go through. A few times, I see some cards but not unopened boxes. It makes you wonder how many other times this has happened before but with sellers trying to quietly move what they have onto the market.

quote:

Originally posted by catskilleagle:
It's funny that there continue to be big finds after all these years. It's more evidence of the huge amount of cards produced back then and how we hold onto stuff past the point of memory or life.

I recall a story of a large Topps Star Wars card find back in the late 90's early 2000's. As I have stated in the past the sell sheet for Empire Strikes Back mentions over 100 million packs sold of the first 5 series. No matter how you calculate it, that is a ton of product.

Obviously there is a long term storage and gum factor to all of this.

What I don't understand about anything current is that any holder of mass (hot) product has had several years now to slowly drop things into the market at crazy premium prices. I would think that a seasoned card seller should know this.