@itsvegasdave “The Sports Card Market Will Collapse”

[kevbojones]

For now

Money Printer go Brrrrrr......

[kevbojones]

I still think a raw 2011 Mike Tout should be a $50 card max

[rngrdanny22]

Originally Posted by kevbojones

I still think a raw 2011 Mike Tout should be a $50 card max

I'd personally pay at least $50 for every 2011 Update Trout that hit the market, so it's not going to happen.

[seanbros55]

Originally Posted by kevbojones

I still think a raw 2011 Mike Tout should be a $50 card max

I wouldn’t pay $1 for a Mike Tout card...

[clocsta2323]

Hopefully it the gravy train keeps rolling until I get the 2620 cards I have at PSA back and sold. Two bulks just went into grading yesterday

[discodanman45]

Out of the blue my sister texted me a picture of Patrick Mahomes rookies. I guess their whole family is collecting now. She wants to buy a Brady rookie. Her family is very well off and she will probably buy one. The reason for this recent boom is the amount of new collectors joining. Supply and demand rules the day. Even if 10% of the people stay in the hobby after COVID there is still a huge collecting base. Things will get crazier before any "bubble."

[joe73]

Originally Posted by discodanman45

Out of the blue my sister texted me a picture of Patrick Mahomes rookies. I guess their whole family is collecting now. She wants to buy a Brady rookie. Her family is very well off and she will probably buy one. The reason for this recent boom is the amount of new collectors joining. Supply and demand rules the day. Even if 10% of the people stay in the hobby after COVID there is still a huge collecting base. Things will get crazier before any "bubble."

You're saying 90 percent of the new money could leave and everything would still "get crazier"?

That's some interesting math.

[discodanman45]

Originally Posted by joe73

You're saying 90 percent of the new money could leave and everything would still "get crazier"?

That's some interesting math.

It depends on how high card prices get. We are still in the growth period and there are a lot of unknowns. When will the peak happen? Once we hit the peak and market corrections hit we will be able to know where things stand. Prices could crash in the future and never go below what they are selling for right now. As things get more expensive and more popular, more people will enter the hobby. The supply of cards has been below demand for awhile and things are getting worse. What percentage of people will get hooked to the hobby?

Trading cards are one of the few physical objects that you can buy and touch these days, let's not forget that. Music, movies, and video games are all digital. There is something nostalgic about actually being able to touch something and that is rare in today's society. Card collecting hits on that need and people love it. My 10 year old niece and my 78 year old father in law both are collecting the same thing. What other hobby has this diversity?

[joe73]

Originally Posted by discodanman45

As things get more expensive and more popular, more people will enter the hobby. The supply of cards has been below demand for awhile and things are getting worse. What percentage of people will get hooked to the hobby?

Sports cards are not Veblen goods. There will not be more collectors as prices increase.

If Topps thought more collectors were entering, they'd be increasing production like crazy.

[Publius]

Originally Posted by joe73

Sports cards are not Veblen goods. There will not be more collectors as prices increase.

If Topps thought more collectors were entering, they'd be increasing production like crazy.

There will be more speculators. Not more collectors.

[cardsin47]

Originally Posted by joe73

Sports cards are not Veblen goods. There will not be more collectors as prices increase.

If Topps thought more collectors were entering, they'd be increasing production like crazy.

Since I didn’t know, maybe some of you didn’t know. Let’s all learn together:

“A Veblen good is a type of luxury good for which the demand for a good increases as the price increases, in apparent contradiction of the law of demand, resulting in an upward-sloping demand curve. A higher price may make a product desirable as a status symbol in the practices of conspicuous consumption and conspicuous leisure. A product may be a Veblen good because it is a positional good, something few others can own.”

[MoreToppsPlease]

Originally Posted by discodanman45

It depends on how high card prices get. We are still in the growth period and there are a lot of unknowns. When will the peak happen? Once we hit the peak and market corrections hit we will be able to know where things stand. Prices could crash in the future and never go below what they are selling for right now. As things get more expensive and more popular, more people will enter the hobby. The supply of cards has been below demand for awhile and things are getting worse. What percentage of people will get hooked to the hobby?

Trading cards are one of the few physical objects that you can buy and touch these days, let's not forget that. Music, movies, and video games are all digital. There is something nostalgic about actually being able to touch something and that is rare in today's society. Card collecting hits on that need and people love it. My 10 year old niece and my 78 year old father in law both are collecting the same thing. What other hobby has this diversity?

Kind of in a couple different places here. As cards get more expensive, fewer people will enter the hobby, not more, and there will be fewer chances for future nostalgia.

The astronauts and flipper bios aren’t going to feel nostalgia, either. That is, of course, you think guys like VD buy cards out of nostalgia.

[2010GBPackers]

I know this may be a cop-out, but I can see it going both ways. One thing I've been paying attention to is Giannis (since I have a $5k and $12k card of his). I've made him my barometer because a) he was highly pumped and valued b) he was one of the first modern guys who this happened to and c) he has real-life accomplishments (2 MVP's). However, most, if not all of his cards have treaded water or lost value. The highest-end stuff, not so much, but they're not going up. And how long have Luka PSA 10 silvers been at the $9k mark? Months. I'd be bearish on the new, modern "next" superstars right now. Kobe/Lebron/Jordan? I don't think we've seen close to the top.

I'm hesitating to call it a bubble, but I see significant market corrections with prospects across sports. I'd welcome it too.

I could be wrong though. I never would have thought we'd see a sustained March-Feb.+ explosion.

[deemsterz33]

Originally Posted by 2010GBPackers

I know this may be a cop-out, but I can see it going both ways. One thing I've been paying attention to is Giannis (since I have a $5k and $12k card of his). I've made him my barometer because a) he was highly pumped and valued b) he was one of the first modern guys who this happened to and c) he has real-life accomplishments (2 MVP's). However, most, if not all of his cards have treaded water or lost value. The highest-end stuff, not so much, but they're not going up. And how long have Luka PSA 10 silvers been at the $9k mark? Months. I'd be bearish on the new, modern "next" superstars right now. Kobe/Lebron/Jordan? I don't think we've seen close to the top.

I'm hesitating to call it a bubble, but I see significant market corrections with prospects across sports. I'd welcome it too.

I could be wrong though. I never would have thought we'd see a sustained March-Feb.+ explosion.

Among other things, Gannis and Luka prices reflect their lower than expected personal and team performances this year.

[kyle1707]

Damn I’m just searching everything now.

I have not looked up stuff for ever

1980 Rickey Psa 9 rookie is 2500

Those were 500 not long ago

Wow

[ThoseBackPages]

Joe, is everyone dumb?

[joe73]

Originally Posted by ThoseBackPages

Joe, is everyone dumb?

Exactly.

[ThoseBackPages]

Originally Posted by joe73

Exactly.

thanks Joe

[PDCCollectibles]

Originally Posted by ThoseBackPages

Joe, is everyone dumb?

He won't last long....could be Loblaw....

[ThoseBackPages]

Originally Posted by PDCCollectibles

He won't last long....could be Loblaw....

would not shock me, but be prepared to be called out and required to wager

[RickeyHenderson]

Does this mean UFC cards will pop? Cuz they are pure fire last 5 days. Original 2009 set was $200 10 days ago. Now sells for $500 and up for $700 now.

I am a baseball guy but that is some huge speculation and gains


Sent from my iPhone using Tapatalk

[ThoseBackPages]

Originally Posted by RickeyHenderson

Does this mean UFC cards will pop? Cuz they are pure fire last 5 days. Original 2009 set was $200 10 days ago. Now sells for $500 and up for $700 now.

I am a baseball guy but that is some huge speculation and gains


Sent from my iPhone using Tapatalk

wait until Prizm comes out this year

[ThoseBackPages]

i love it

[kevbojones]

For now, keep that money printer humming and working at full capacity

[ThoseBackPages]