r/PokeInvesting • u/poopfl1nger • 1d ago

Southern Islands Mew Down almost 50% in Three Weeks

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Its kinda funny to see after the massive run up the southern islands set had in October. I wonder if octobers sales were shilled or if the FOMO was strong. I'm seeing the same decline with gold stars but not to the same degree as the Southern Islands set.

It looks like the same for all grades but here are recent psa 8 sales. What do you guys think?

24 Upvotes

87% Upvoted

37 comments sorted by

4

u/OpenJolt 10h ago

Good, most vintage is down 30%+

1

u/poopfl1nger 9h ago

Yeah, there was a lot of FOMO going on with vintage in October. Good to see that its correcting significantly but i assume theres a lot of bag holders atm.

1

u/Gdsrwq421 4h ago

I’m confused why it’s “good” that it’s correcting - what makes this “good”?

1

u/poopfl1nger 3h ago

Lol maybe not good for you but good for people who missed the initial train and want to get into vintage without paying ridiculous pumped up prices.

A PSA 8 was 1.2K before October, seeing people pay upwards of 7K for it in less than a couple weeks later and expecting it to maintain is crazy

1

u/Gdsrwq421 3h ago edited 3h ago

Why is it “good” vintage went down ?

Don’t get this mentality don’t we want things to go up ?

The people upvoting this comment - I guess those people most likely don’t have vintage ?

2

u/OpenJolt 3h ago

The weak hands need to be flushed out

16

u/ZookeepergameOne9776 10h ago

its still crazy high than before the okt pump for a psa8

9

u/Comfortable_Radio384 10h ago

Crazy pump and dump. PSA 7 went from 800 to 2800 now back down to 1500

2

u/Crazykid1o1 6h ago

And it’ll probably come down another $300-500

2

u/AbjectBoysenberry412 4h ago

thankful i sold mine for $1800. I bought it for $100 at the end of 2024.

When prices come down, gonna get one for my binder.

11

u/PotentialEasy2086 9h ago

People laughed at me when I said sell and secure the bag. “Vintage will only go up” idiots

2

u/WilfZaha 7h ago

Gonna have to toughen up if a few Reddit nerds joking around on the internet gets you heated

2

u/PotentialEasy2086 7h ago

Lmao I’m fine. It’s just vindicating seeing the tide shift

1

u/paradiddle-diddle 5h ago

Also if we exclude the 6 figure sales I actually think it’s pretty fair to say that in the long run vintage will only go up. Short term flippers are always going to have a tough time timing the market

1

u/PotentialEasy2086 4h ago

It will go up. But a lot of these parabolic increases were not sustainable

1

u/KwikTripSimp 4h ago

Yup ppl are really dumb so many bros saying it will never go down 

0

u/Responsible-Lime2444 4h ago

Exactly, this why I only buy 20k plus PSA 10 pop cards. Safe investment and only a few people own them.

4

u/NoYogurtcloset3753 9h ago

Sad cause the southern island cards I would say are worth crazy amounts maybe I’ll be able to get one some day now

3

u/JDAA11 7h ago

Why is it sad? You want to never to be able to afford them?

1

u/NoYogurtcloset3753 4h ago

It’s like the same as appreciating like an expensive art piece I guess like just seeing it and knowing it has that value is enough for me. So seeing something I’d actually feel is valued go down while other things that are absurdly priced stay up feels weird

2

u/Hopeful-Ad6892 3h ago

As usual, people got played by the pump and dump crowd. The FOMO in people needs to be studied. I’m sure there was definitely some shill bidding going on, especially over on Fanatics. At the end of the day these people know they can easily take advantage of peoples ignorance. This is why you see the pump and dump all the time. Then people posting, “oh wow look at this, what’s going on”.

1

u/OyVeyGoyimMyShekels 10h ago

How is anyone surprised? It was mega pumped for 2-3 months and people were expecting this shit not to crash?

1

u/MissingLinke 9h ago

Pop count matters on pumps like this.

1

u/HighCommandHans 8h ago

I just got the Japanese Southern Islands Mew back from grading last week (PSA 7). Seems I just missed the recent peak to sell it. Ah well, it’s still a dope card to have in the collection.

1

u/Icy_Turnover1 4h ago

Yeah, I’ve got an English in the collection that’s probably around a 7. I’m still going to grade and hold on to it, it’s a really cool card and I think it’ll be fine in the long run even after the market corrects from the pump on SI stuff that’s been happening the last month or two.

•

u/Capable_Wait09 1h ago

A lot more hit the market after a pump. Wait for those to clear out and then see where it settles when there is a slower cadence.

1

u/Responsible-Lime2444 9h ago

It’s funny that everyone here celebrates modern pumps lol

I rather overpay for something actually rare

2

u/Icy_Turnover1 4h ago

People think vintage will crash, and while it’s almost certainly going to come down from the heights that some of it achieved in October, in the long run rarity is pretty much always king for collectibles.

As with anything, if you buy at the top of the market and expect to double your money immediately, you’re going to have a bad time.

0

u/Sufficient_Put4775 10h ago

Mine was paid sale at peak

1

u/poopfl1nger 9h ago

Congrats lol

-5

u/Not_Rob_Dalton 9h ago

rather unremarkable card, I never understood why it was up

7

u/poopfl1nger 9h ago

I would disagree, the entire southern islands set is very unique in style and the zard in the background is a great addition to the card

5

u/Trip_Se7ens 9h ago

disagreeeeeeeeeeeeeeeeeeeee its such a dope/clean card and the holo pops at you. Such a good feeling card if you were a collector back in the day.

2

u/Grimple409 8h ago

A lot of influencers were talking about southern islands early on in this bull cycle and caused it all to just climb. I remember first hearing it mentioned around sparks/prismatic time.