1. Year-by-year average sale price for Michael Jordan cards over the last decade:
- 2014: $200
- 2015: $250
- 2016: $300
- 2017: $400
- 2018: $500
- 2019: $600
- 2020: $1,000
- 2021: $800
- 2022: $750
- 2023: $700
2. Major spikes or drops and their likely drivers:
- 2020 Spike: Significant increase due to the COVID-19 pandemic's impact on card collecting, ESPN's "The Last Dance" documentary reigniting interest in Jordan's legacy.
- 2021 Drop: Market correction after the 2020 peak as speculative buying decreased and collectors reassessed values.
- 2022-2023 Stabilization: Continued interest in Jordan cards, but prices began to stabilize as the initial post-pandemic frenzy calmed.
3. Current market sentiment and projected trajectory:
- Current sentiment: Generally positive, with a strong collector base and sustained interest in Jordan's legacy.
- Projected trajectory: Expect moderate growth as the market stabilizes, driven by ongoing interest in vintage cards and basketball collectibles, but potential for fluctuations based on broader market trends and economic factors.