[Vegas Dave] The Sports Card Market will Collapse by 2024

[elontusk1119]

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Vegas Dave vs Gary Vee, Remember it was me 3 years ago that shook this sports card market by storm and predicted this boom. Everyone laughed at me when I spent $400,000 on a piece of cardboard instead of buying a house or investing it in another opportunity. I made a bold prediction to the world that my Mike Trout rookie card would break the all time Honus Wagner record. 2 years later I executed my vision and the card sold for just under $4,000,000. Not only did this silence the haters and critics, it got the sports card industry to explode. People now viewed cards as a huge money making opportunity and not just a hobby.

Now I am the first person in the world to predict the sports card market will collapse by the end of 2024. This reminds me of the sub prime mortgage industry crash in 2007.
I currently still have money invested in this industry but if what's going on currently in the market does not stop immediately, not only will the card industry die, the hobby will be gone forever as well

After watching this video, who do you believe now? Vegas Dave or Gary Vee? Share your thoughts below.

[Twoinar]

I know nothing about the economics, but I know anyone willing to destroy that card to try to get people's attention is not someone I want to listen to. He seems to have just as much, or more, interest in manipulating the market as Gary Vee or anyone else. Don Lapre, Tom Vu, and Ron Popeil were some of the names that came to mind while watching this video.

[TFP]

Cesspool

[Justin7]

The last time we had this many market collapse threads, the market 10-x'd.

[SupermanBrandon]

STOP giving this guy the attention he is seeking! Mods...please step in. Maybe I should curse or call someone a name, to get some attention on these.

[YouTheManNick]

Judging by all of the Vegas Dave threads popping up across these forums I think it's safe to say he's getting exactly what he wants right now.

The only way to make him go away is to stop giving him the attention he so desperately craves.

[CollectingKarma]

In 4 years him and Dan Bilzerian will be struggling to split the check at Denny's and reminiscing about how they once had relevance online.

[thenwhatjk]

People are triggggggggered

[regularp]

STOP giving this guy the attention he is seeking! Mods...please step in. Maybe I should curse or call someone a name, to get some attention on these.

Or bump a sell thread before 24 hours or have multiple sales threads. :coffee:

All this garbage should be merged into one mega thread. :coffee:

[Card Love]

Reminds me of this guy, same move from the playbook

https://www.cnbc.com/2020/03/25/bill-ackman-exits-market-hedges-uses-2-billion-he-made-to-buy-more-stocks-including-hilton.html

[dfwsoccer01]

Who pays attention to ANYONE who wears AFFLICTION gear?!


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[asujbl]

I posted a thread (you can find it) talking about when LeBron Chrome hit $1,000

It was about 5-6 years ago

But sure

4 years from now it finally crashes

Some stuff will crash. No one will be paying $150 for Coby White in 2024

But let’s get some context

[KhalDrogo]

Elontusk and trapstarrrr have to be the worst adds to BO in recent memory.

[Card Love]

BTW the card he's burning is an RP

[Gridiron Bob]

I know I haven't been in touch with the hobby for a while, but who is this guy?

[GiantPirate]

STOP giving this guy the attention he is seeking! Mods...please step in. Maybe I should curse or call someone a name, to get some attention on these.


This.

[cboog3105]

can we get dianes opinion on this

she's the only one i trust

[LovelyLlamas]

I was this years old when I found out Diana is married to Dave

[cardsharkk]

Johnny Moore “$10,000 card” problem is it only costs $5-$7 ungraded in that condition!! Not 10k

My Fav is the $2,000 Drexler- its a $50 card raw like that TOPS!

The 200k is going to be a FAKE jordan guaranteed
GREAT SHOWMAN but he lies more than trump

[ninjacookies]

Stockpiling VPN's for forum registrations may have been Dave's greatest investment to-date.

[the mesiah]

Davestradamas at it again,.he’s funny..where the purse at

[Card Love]

This guy is a businessman in the truest sense nothing he does is accidental or unplanned. Scorched earth most likely he wants views I don't see any other angles...

[Stoiclife]

Publicity stunt much?

[dunkindutchmen]

Vega Dave will probably be right, but it won't be the vintage stuff taking much of a hit. He clearly doesn't understand perceived value. A 100k Jordan or Kobe card can only fall so far before someone is willing to take a risk based on history and the perceived value of the card.

It will be the modern market going under. And Panini is absolutely determined to do it before 2024.

[Stoiclife]

Someone is salty that he sold off his cards that are now skyrocketing. We see what you're doing, Davey. Lol.

[drobfan8]

Vega Dave will probably be right, but it won't be the vintage stuff taking much of a hit. He clearly doesn't understand perceived value. A 100k Jordan or Kobe card can only fall so far before someone is willing to take a risk based on history and the perceived value of the card.

It will be the modern market going under. And Panini is absolutely determined to do it before 2024.

The modern market tumbling is nothing new. You can go back 10-15 and maybe even 20 years and find plenty of people that got burned chasing the latest hyped Rookies..

The cream always rises to the top and there are many sets that will go.up even if a lot of the new money leaves. I agree, vintage ia gonna be just fine. Same with the 90s.

[Hoopsman]

Vegas Dave should stick to banging Holly Sonders

[Potgut]

If single cards were printed to the millions maybe I could agree with possible collapse.

But these doom and gloomers don't realize that the current market is extremely shallow, when you only have a particular card where a few hundred or thousand exist, and maybe like 10-200 PSA 10's of those particular cards exist the market can only collapse so far. Like saying the art market is going to collapse, anyone can make art at home or buy quality art on the cheap these days, but there's only so many Picasso's and Van Gogh's to go around.

I mean I could only dream if card market collapse, it be nice to pick up some auto MJ's, Kobe's, and Lebron's on the cheap. If only ~300 MJ PSA 10 rookies exist and it collapse to a few thousand it just takes one person with deep pockets to wipeout and control the entire MJ rookie PSA 10 market buying them all during the "collapse".

[Ericc5Bears]

The most hilarious part is almost nobody realizes the somewhat clever motive behind him saying it'll collapse by the end of 2024. That way if it "crashes" at ANY point before then, he can go "see, look, I told you guys! I'm a genius." And if it doesn't crash before the end of 2024 so much time will have passed that almost nobody will remember he made the prediction in the first place.

[Brent72]

Vegas Dave should stick to banging Holly Sonders

That looks like a perfect match...a douchebag and a skank.

[auctionjmm]

4 more years! 4 more years!

Get it while you can.

[sebreg]

The most hilarious part is almost nobody realizes the somewhat clever motive behind him saying it'll collapse by the end of 2024. That way if it "crashes" at ANY point before then, he can go "see, look, I told you guys! I'm a genius." And if it doesn't crash before the end of 2024 so much time will have passed that almost nobody will remember he made the prediction in the first place.

For sure! It's oldest trick in book with market crash/dollar crash prognosticators. One trick doom calling ponies, eventually you'll be right just give yourself wide margin and surreptitiously move goalposts if your call doesn't pan out.

[JoeAdam]

Dude has like $2 million in Derek Carr. All that needs to be said.

[kefskala]

What a fool... totally uneducated and unbearable to listen to...he got lucky flipping houses and now he is a card guru... give me a break...at least Gary vee is a motivational speaker....again vintage is scarce and will continue to increase... notice he didn’t Mention mantle

[Stoiclife]

He also refers to himself in the third person which automatically makes him a clown. Good luck getting rid of the Derek Carr stash, Davey!

[RogerGodahell]

Who cares what this 4'-10'' narcissist has to say. He's a scrub who takes advantage of degenerate gamblers and collects woman's purses.

[Siberian13]

Who cares what this 4'-10'' narcissist has to say. He's a scrub who takes advantage of degenerate gamblers and collects woman's purses.

Who isn’t taking advantage of degenerate gamblers in the sports card hobby?

[RogerGodahell]

Who isn’t taking advantage of degenerate gamblers in the sports card hobby?

Im not referring to the sports card hobby. His gambling picks he sells to suckers for $1000's like he has some crystal ball.

[Siberian13]

Im not referring to the sports card hobby. His gambling picks he sells to suckers for $1000's like he has some crystal ball.

So he’s not taking advantage of degenerate gamblers in the sports card hobby?

[RogerGodahell]

So he’s not taking advantage of degenerate gamblers in the sports card hobby?

I honestly don't think he's very educated about sports cards. I've seen a few videos of him opening product and he doesn't really have a clue about the hobby. He's just a lucky idiot who bought a Mike Trout superfractor and sold it for a bundle. He's good at what he does i suppose which is promoting himself and taking advantage of people gambling on games and selling picks.

[thecardscout]

Cesspool

can we please nominate this word as the worst "comments" of the year? Always a negative undertone.

[dfwsoccer01]

I honestly don't think he's very educated about sports cards. I've seen a few videos of him opening product and he doesn't really have a clue about the hobby. He's just a lucky idiot who bought a Mike Trout superfractor and sold it for a bundle. He's good at what he does i suppose which is promoting himself and taking advantage of people gambling on games and selling picks.


I honestly don’t think he’s very educated, period.

He’s literally just a trashy dude who’s made money off luck and being his own hype man. He doesn’t know jack S about sports, business, or investing. He’s good at running his pie hole and epitomizing the term tacky, and that’s it.


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[Kobefan]

What a fool... totally uneducated and unbearable to listen to...he got lucky flipping houses and now he is a card guru... give me a break...at least Gary vee is a motivational speaker....again vintage is scarce and will continue to increase... notice he didn’t Mention mantle

No, they're the same.

[Ginger Ale]

Dude has like $2 million in Derek Carr. All that needs to be said.

Exactly

[ninjacookies]

I honestly don't think he's very educated about sports cards. I've seen a few videos of him opening product and he doesn't really have a clue about the hobby. He's just a lucky idiot who bought a Mike Trout superfractor and sold it for a bundle. He's good at what he does i suppose which is promoting himself and taking advantage of people gambling on games and selling picks.

He's a self-admitted noob in the modern card world, and openly admitted so. He said he consulted a 'friend in the know' and told him he wants to buy the best cards of the best beisbol player in the game and money is no concern.

Survey said: Mike Trout.

Moon lands on man.


Genius here checking in. Just bought this 4 million dollar crib for my parents * SUPER EMOTIONAL * that just so happens to be pre-furnished with nothing but sports memorabilia and my pictures. I also moved back into it with them after I found out the girl I almost wifey'd had an Onlyfans and people were swapping her LE motorboat .gifs for Dogecoin.

[drobfan8]

can we please nominate this word as the worst "comments" of the year? Always a negative undertone.

No way.

It is the number 1 catchcry round these parts and when executed well it works.

:)!

[Oldschool42]

He’s 100% right...collectors used to “know” the value of a card...now with so much hype and pumping the values are unsustainable.

Make as much $$$ as you can and run for the exit.

[Stackfan]

He’s 100% right...collectors used to “know” the value of a card...now with so much hype and pumping the values are unsustainable.

Make as much $$$ as you can and run for the exit.

I agree. Cards don't magically go from being a 50K card to a 750K within a year. All these millionaires driving the prices up on high end cards; are going to exit; and when it's time to go... they'll take what they can get for it.

I feel like the sub 500$ cards won't be affected as much; but the PSA 10's that are about 5-10X higher than they should be will. I can totally see the PSA 10's going back down to the BGS 9.5 price range; and BGS stay consistent in pricing when the bubble pops. I do think; they'll still be more fans/collectors in 2024; BUT the large investors/ people trying to make money will exit.

[sebreg]

I agree. Cards don't magically go from being a 50K card to a 750K within a year. All these millionaires driving the prices up on high end cards; are going to exit; and when it's time to go... they'll take what they can get for it.

I feel like the sub 500$ cards won't be affected as much; but the PSA 10's that are about 5-10X higher than they should be will. I can totally see the PSA 10's going back down to the BGS 9.5 price range; and BGS stay consistent in pricing when the bubble pops. I do think; they'll still be more fans/collectors in 2024; BUT the large investors/ people trying to make money will exit.

That's not a bad prediction. Def will be nuance to how things correct. I also think ultra-modern early career player cards with high pop, those have the softest underbelly... but the premiums on some cards across the board are just crazy (I sold my Flair Kobe row 0-2 rcs, didn't think I'd ever sell but prices were just too crazy not too for me).

[bmf]

The last time we had this many market collapse threads, the market 10-x'd.

lmao was thinking the same thing.

[RedMike]

Man - there are so many threads about the market crashing lol.

Scarcity - even artificial + Legends + Popular brand and sets or Popular inserts. Will always maintain strong value.. it may ebb and flow with market demands, but sustainable true value is there and will always be there. IMO... and like they always say, no one said you have to sell when the price is down.

Most people spending 100k + on a card, isn't too worried about where their next paycheck is coming from.

[sebreg]

Man - there are so many threads about the market crashing lol.

Scarcity - even artificial + Legends + Popular brand and sets or Popular inserts. Will always maintain strong value.. it may ebb and flow with market demands, but sustainable true value is there and will always be there. IMO... and like they always say, no one said you have to sell when the price is down.

Most people spending 100k + on a card, isn't too worried about where their next paycheck is coming from.

Yeah, this is what the bet hinges on imo. The big money people buying high-end will cash out if they get bored with the fad, but not because things correct (although both could happen at same time). Usually rich people aren't stupid with their money, guessing they buy for the hold and if things go down they won't necessarily be in a hurry to cash-out, they have plenty of resources so they can afford to hold in a downturn and wait for future up-cycles. Tbd.

[k13]

When interests go up and housing crashes that's when it will happen.
But that might not be in our lifetime.

Just a correction.

A decent correction will come after this season is done.
Late summer/early fall.

A Coby White rookie becoming worthless in 2024 is not a crash.

[miscus555]

I don’t think he’s wrong because the business behind the business is probably true but I have no idea where he gets 2024 from

[Spartanwilliam]

I don’t think he’s wrong because the business behind the business is probably true but I have no idea where he gets 2024 from

Probably because he isn't confident in the market actually collapsing and wants to see what his words would do to the market itself. Aka if I say this will people start trying to liquidate their cards.

Maybe he's truly trying to have another drop in prices so that he can re-invest. Who knows.

The market is extremely volatile right now. Prices at 10k one week and 5k another. A correction is not a collapse.

But who knows. For example, I don't believe in Top Shot, but if I were to guess when it would die I would say within 2-3 years because it clearly is not dying within the next 12 months. He could just be making it up.

But then again someone just dropped over 4 million on a Luca. With prices like that there could be a correction.

[baseballfn1979]

Vega Dave will probably be right, but it won't be the vintage stuff taking much of a hit. He clearly doesn't understand perceived value. A 100k Jordan or Kobe card can only fall so far before someone is willing to take a risk based on history and the perceived value of the card.

It will be the modern market going under. And Panini is absolutely determined to do it before 2024.

Thanks you just motivated me to buy more before market doubles again. It’s the perma bears that drive me !!! 😃

[PokeyAndG]

Dude has like $2 million in Derek Carr. All that needs to be said.

lol if and when the market crash he'll be holding even more worthless bags of derek carrs.

[unclemonkey]

Dude has like $2 million in Derek Carr. All that needs to be said.

Well... he has got about $2M in Trout as well.

The old axiom... any news is good news applies.

Guess he is an "Influencer"

He's cracks me up, but is sad and pathetic at the same time.

Puts on a good show, but I believe nothing of what he says.

[gomiamigo]

Thanks you just motivated me to buy more before market doubles again. It’s the perma bears that drive me !!! 😃

How it started: :flex:

How it's going: :eek::doh:

[Inferno]

Dude is just bitter that he sold too early and his pump and dump was too shortsighted. To use a TV metaphor he was in the pilot episode of Sports Card Boom Season 1 then the show kept going on and won Emmys without him. Now he wants the show to be cancelled because he’s not the star anymore. Nobody remembers the pilot Dave!

[sebreg]

The guy is a hoot and a half. What's the over under on whether he goes to prison within 5 years?

[Stoiclife]

Guy is just salty that he's sitting on a bunch of Derek Carr rookies. We see you, Dave. Lol

[UCLAboy777]

Well... he has got about $2M in Trout as well.

The old axiom... any news is good news applies.

Guess he is an "Influencer"

He's cracks me up, but is sad and pathetic at the same time.

Puts on a good show, but I believe nothing of what he says.

Vegas Dave PUMPED and DUMPED his items. losers bought his stuff I guess

[GOATcards]

Just to note: if someone burns up an authentic 86F MJ sticker, I don't see how that isn't a serious d!ck move no matter what point he's trying to make.

[pcptrade]

Just to note: if someone burns up an authentic 86F MJ sticker, I don't see how that isn't a serious d!ck move no matter what point he's trying to make.

Perhaps if he burns enough of them it will become rare and go up in value again:)

[Arazi4442]

I hope it does crash, maybe then I’d be able to afford to buy something I really want.

[88horsepower]

I hope it does crash, maybe then I’d be able to afford to buy something I really want.

Amen. While the values of my cards would drop in the process, I'd be happy to see that happen if it means I get to buy more of what I want for my collection.

[TheHeel]

Dude looks like the guy from Jersey Shore

[ninjacookies]

Birkinboi knew.




Ya'll see d-bag. I see men's satchel clutch.

[DajuanWagner]

I hope it does crash, maybe then I’d be able to afford to buy something I really want.



Agreed, but what I really want is for ebay to go back to their old searches. Trying to find anything on ebay is turrible now with their round of recent changes. Thanks ebay........for nothing...........

[anusinha]

looks like he was right

[BallinSon]

Agreed, but what I really want is for ebay to go back to their old searches. Trying to find anything on ebay is turrible now with their round of recent changes. Thanks ebay........for nothing...........



Now that's something to b*tch about. I'm with you.

[BaseballKing]

This dude is the every bit the douchebag that Garry Vee is imo. The sooner they both leave the hobby and take their bum sniffing braindead disciples with them the better off the hobby will be.

In short: who cares what either man has to say about the hobby?

[hauntedcomputer]

In short: who cares what either man has to say about the hobby?

Speculative assets, especially trivially inessential ones like cards, art, and bitcoin, are driven by the Common Knowledge Game--what "everyone knows." When these guys say something, it's stuff everyone then knows and it becomes, if not necessarily fact, a partial driver of sentiment. Most of this train is driven by sentiment, since cards have zero intrinsic value. Add in cognitive biases and you get a massive herd of sheep that can be manipulated into any abattoir you choose, even the Bol Bol and Ja Morant and PSA 10 slaughterhouse, while you're busy selling both sheep food and mutton.

[TimBuckTwo]

Manpurse really kinda says it all.

[Stoiclife]

This dude is the every bit the douchebag that Garry Vee is imo. The sooner they both leave the hobby and take their bum sniffing braindead disciples with them the better off the hobby will be.

In short: who cares what either man has to say about the hobby?

Cosign. Looks like Gary is on NFTs and crypto (this won't end well) and is shifting away from yapping about cards.

[Wings]

That would be fantastic. I would love for things to return to normal.

[buckunteer]

Who pays attention to ANYONE who wears AFFLICTION gear?!


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yep...lolled at this one :D:D

[duron]

Cosign. Looks like Gary is on NFTs and crypto (this won't end well) and is shifting away from yapping about cards.

If this is true and sticks I will be ecstatic.

[captionwanker]

Cosign. Looks like Gary is on NFTs and crypto (this won't end well) and is shifting away from yapping about cards.

don't be too sure about this, i feel he's buying on the low. When the market starts to heat up, he's going to pump what he bought like the lebron psa 10s at the end of 2020.

[ninjacookies]

Can just imagine middle aged women on the fashionspot forums raging as hard as BO about VD making Burberry satchels unobtainable on a nurse practitioner's budget.

[larryhughes]

Some of the stuff will crash, player didn't meet market expectation will also will, but high end stuff will hold as long the big boys hold on to it.

[inflames1919]

Cosign. Looks like Gary is on NFTs and crypto (this won't end well) and is shifting away from yapping about cards.

Unfortunately he will come running back as soon as the market heats up again

[minnesotachill]

The market always goes down at the same time every year. Then it starts to rebound when free agency opens. It's been the same for as long as I can remember.

When playoffs start, I think reality sets in for alot of collectors. Tatum won't be winning it all this year. Giannis is going to have a tough time getting past the Nets. Kawhi looks to be in for another disappointment. People stop buying.

[UCLAboy777]

Unfortunately he will come running back as soon as the market heats up again

these influencers just say stuff to benefit them... just like Elon Musk does with crypto... nothing new here

[inflames1919]

these influencers just say stuff to benefit them... just like Elon Musk does with crypto... nothing new here

They sure do. It's kinda sad how Gary V keeps running to the next shiny thing.

[Metsfan1991]

Vegas Dave save us!!!

[ninjacookies]

Smash n' dashed the Trout market like a $30 Figueroa lizard whilst the hopiumbois were clamoring HODL.

Then dumped some of the astronomical profits on Carr for that 8283 charity deductible.


Luv him or h8 him....

https://media.tenor.com/JP5fRAR5xm4AAAAC/loki-ten-steps-ahead-of-you.gif

[TawkCards]

Smash n' dashed the Trout market like a $30 Figueroa lizard whilst the hopiumbois were clamoring HODL.

Then dumped some of the astronomical profits on Carr for that 8283 charity deductible.


Luv him or h8 him....

https://media.tenor.com/JP5fRAR5xm4AAAAC/loki-ten-steps-ahead-of-you.gif

:cry::cry:

[Kingofkings1281]

I’m loving the prices right now. Just added an awesome Steph rookie for half of what they were going for a couple months ago. As an actual collector, I’m happy.