The card has a population of 14, and the card has sold just 6 times since 2008. In cases like that, it’s the card catching up to the market.
But we’ve also learned that record highs and peak prices are not the end-all metric to define market growth or market softening. More people have bought below peak prices than at peak prices.
We also learned that higher population base cards have seen a consistent decline, while shorter print Silver Prizms have been less vulnerable to price volatility.
Overall, the market is much larger than it was 2 years ago. Because of that, we’ve seen the population of certain cards explode. The data shows, especially in the case of the Luka Doncic Base Prizm PSA 10, that the higher the population, the lower the card price.
There are still plenty of opportunities for buyers - be wary of peaks, remember that population matters and is growing as PSA catches up on orders, and that truly collectable cards still reign supreme.