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This week was probably the busiest one since NBA Top Shot allowed public access for this collection of NFTs. It had a little bit of everything from new drops, to delays, to a new contest. Let's get started!
Release 2 of the Base Set dropped, and offered collectors on a budget an opportunity to buy some Moments. Each pack contains five from the base set, and a chance to reveal a Steph Curry, Zion Williamson, or a Luka Doncic Moment.
Only 71 of 900 of these packs remain at time of writing.
Unfortunately, I did not check to see how many packs from this series remained, but the devs burned all unsold packs from this series on Monday at 12:00pm PST. I did purchase individual moments from this series previously to complete my collection for this series.
Note that when the devs burn packs, there will be gaps that appear in the serial numbers if collectors are looking for Moments that no longer exist.
I previously wrote about a huge double-drop that was planned for Thu, October 15. The devs announced the drop would be postponed about an hour before it was scheduled, and we needed to wait for the devs to confirm that both drops would take place on October 19.
Then just before the double-drop on October 19, the devs announced that sales for the Finals Rares would be postponed once more due to unscheduled maintenance.
Despite knowing that only the Finals Legendary packs were available at 5:00pm PST, I still tried to buy one. Unfortunately, I was not successful, despite hitting refresh regularly on my page as recommended by the devs. There were only 711 packs available, and they sold out within minutes.
Anyone have $1,795US they would like to spend to buy a Finals Legendary LeBron James Moment? Keep in mind that's the lowest asking price for serial number 44 out of 79. If you were wondering, the same Moment with serial number 3 is asking for $6,000US.
The Finals Rare packs finally dropped on October 21, 2020. I was expecting very high demand, but luckily I managed to buy a few. Within a minute, I made my first purchase. After I checked out and paid for my purchase, the Finals Rare packs were shown to be sold out. A few minutes later after refreshing my page, more packs became available, and they were sold out again shortly after that.
This happened several times, and at one point around 5:20pm PST, it showed about 1,800 packs were still available. Look at my re-tweet that I sent during the buying frenzy!
Think this drop probably sold out close to 5:40pm PST because no new packs appeared for me after hitting refresh after that. I had made two more Finals Rare pack purchases after my first one.
So which Moments did I score? My packs are still sealed, so I don't know. 😉
You will notice that a Finals Rare LeBron James Moment is more affordable than a Legendary one. The lowest asking price for a Rare Finals Lebron is $130US for serial number 305 of 750. The same Moment with serial number 2 is asking for $3,000US, but that doesn't make sense to me.
Why? It's an issue of simple supply. Let's review the asking prices again:
2020 Finals Legendary LeBron James serial number 3 asking for $6,000US - only 79 ever minted
The Finals Rare LeBron James serial number 2 asking for $3,000US - 750 minted
There are over 9 times more Rare LeBrons than Legendary ones for the Finals. So why is the owner of the serial number 3 Rare asking for so much? As I mentioned, it doesn't make sense. The market is not mature, so I'm sure we'll see price adjustments moving forward.
Graphic 1: Base Set (Release 2) - Screen cap from NBA Top Shot
Lead Image and Graphic 2: 2020 NBA Finals Legendary pack - Screen cap from NBA Top Shot
Graphic 2: NBA Top Shot Marketplace for 2020 Finals Legendary Moments- Screen cap from NBA Top Shot
Graphic 4: The Finals Rare pack - Screen cap from NBA Top Shot
Graphic 5: Re-Tweet screen cap - from Twitter
Graphic 6: NBA Top Shot Marketplace The Finals Rare Moments - Screen cap of NBA Top Shot
Graphic 7: NBA Top Shot Contest re-tweet - From Twitter
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