For what it’s worth, I think the authentic market is struggling because of the gamer market. With the large amount of game worn jerseys on the market from a large variety of sources, people can spend as little as $200/$300USD on a jersey worn by the guy they see on TV. Sheer volume of game worns available has pushed the prices down a lot. If buyers go that route they get an authentic jersey, 100% correct customisation, authentic patch if applicable and get to watch one of their teams guys play in it. If all that can be bought for such a little amount, then are buyers going to spend the same cash or more on effectively a shop bought item? I don’t think so, hence the low prices.
I appreciate this viewpoint doesn’t hold for top players as values are higher, but would a jersey worn by a 3rd or 4th liner appeal more than an authentic with the same top guys name on the back everyone else in the rink has? It does to me, so it must to other people too.
The Canucks were selling all the leftover game worn jerseys from last season for $200CAD, of which most of course included the 100th patch. Considering it usually runs way more than that just to get an authentic blank, I think that’s where the slow secondary market in authentics stems from.