@itsvegasdave “The Sports Card Market Will Collapse”

[joe73]

Originally Posted by NeedChapmans

More regulated is to say they are controlled by invested parties. This market is also controlled by invested parties. PSA regulates the market in a way; as does eBay; as do the auction houses, etc.

There was a time when I would have said stocks hold the intrinsic value WC suggested above, but that time has long passed us. Companies are no longer traded on fundamentals but on feeling and mojo and potential. Nobody is going to come in here and say $TSLA is a trillion dollar company, intrinsically.

We're beyond the idea of investments being able to fall back on real value. Well beyond.

No argument there. I certainly don't believe sports cards are the only bubble in America. We're seeing what happens when trillions of dollars get added to an already debt-fueled economy.

[LVDan]

This reminds me of the politics thread last year.
Lots of talking back n forth trying in vain to convince the other how right we are.
Time will tell the truth.
If you’re a dealer or selling cards for profit you know things haven’t been this good in a long time- find your niche and make some $
If your a collector frustrated with high prices shift your focus or wait it out.
It probably won’t be like this forever.


Sent from my iPhone using Tapatalk

[JohnnyHatesJazz]

This isn't a bubble but there will be bubbles within the young player market.

If you're wrong on a player you will lose and you will lose big.

[FreshOutThePack]

Originally Posted by joe73

The first two are far more regulated than cards, which aren't regulated at all.

And even if you overpay for a house, at least you can live in it.

Originally Posted by joe73

You miss the point every single time. It's almost unbelievable.

Right? It's like dude you gotta be doing it on purpose!

[rngrdanny22]

Originally Posted by joe73

You miss the point every single time. It's almost unbelievable.

You're a real treat to have around here!

[JohnnyHatesJazz]

Originally Posted by joe73

The first two are far more regulated than cards, which aren't regulated at all.

And even if you overpay for a house, at least you can live in it.

can you live in a painting? what about shoes? you can buy 100 dollar shoes so why buy 30,000 dollar shoes? why buy a 20k rolex when you can have a 1k watch.

[NeedChapmans]

Originally Posted by JohnnyHatesJazz

This isn't a bubble but there will be bubbles within the young player market.

If you're wrong on a player you will lose and you will lose big.

This has not changed. The market has always spit out winners and losers; the only difference is that today, the buy in is much greater to play.

Over time, with more money invested, the value will sort itself out. But like most everything else, all we witness today is a transfer of wealth. This market does not create it; so eBay will get their cut (w/ smiles), the government will get theirs at both the Federal and state level (with smiles), Card companies will get theirs (with smiles) and payment processors, supplies companies and grading companies will get theirs (again with all smiles).

What remains will always be re-distributed among investors.

[rngrdanny22]

Joe, how big of a tantrum did you throw when you didn't find cards at your local Target after reading that they were making a comeback in the newspaper?

[joe73]

Originally Posted by JohnnyHatesJazz

This isn't a bubble but there will be bubbles within the young player market.

If you're wrong on a player you will lose and you will lose big.

You're saying there will be a lot of shattered dreams?

[rngrdanny22]

Originally Posted by joe73

You're saying there will be a lot of shattered dreams?

always has been

[joe73]

Originally Posted by JohnnyHatesJazz

can you live in a painting? what about shoes? you can buy 100 dollar shoes so why buy 30,000 dollar shoes? why buy a 20k rolex when you can have a 1k watch.

The topic was real estate vs. cards, not paintings vs. cards.

[JohnnyHatesJazz]

Originally Posted by NeedChapmans

This has not changed. The market has always spit out winners and losers; the only difference is that today, the buy in is much greater to play.

Over time, with more money invested, the value will sort itself out. But like most everything else, all we witness today is a transfer of wealth. This market does not create it; so eBay will get their cut (w/ smiles), the government will get theirs at both the Federal and state level (with smiles), Card companies will get theirs (with smiles) and payment processors, supplies companies and grading companies will get theirs (again with all smiles).

What remains will always be re-distributed among investors.

totally agree. tread carefully but for a lot people myself included it's still a hobby so have to try and still enjoy it until the card companies turn it all into junk wax.(hopefully that isn't the case)

[rngrdanny22]

Originally Posted by joe73

The topic was real estate vs. cards, not paintings vs. cards.

... and his point was there are other markets where people spend far more for something than they have to.

[joe73]

Originally Posted by rngrdanny22

always has been

You missed it again.

[joe73]

Originally Posted by rngrdanny22

... and his point was there are other markets where people spend far more for something than they have to.

And again.

[rngrdanny22]

Originally Posted by joe73

You missed it again.

How so Joe?

[rngrdanny22]

Joe, you're an absolute treasure.

[joe73]

Originally Posted by rngrdanny22

Joe, you're an absolute treasure.

Exactly.

[JohnnyHatesJazz]

Originally Posted by joe73

The topic was real estate vs. cards, not paintings vs. cards.

you can buy and live in a house.

yet despite that more money is poured into art than sports cards. art is never going away and neither is sports cards particularly the assets consisting of great players such as jordan, Brady, Gretzky, Ruth etc.

And keep in mind, people are always going to be on the lookout for the next star or GOAT.

[rngrdanny22]

Originally Posted by JohnnyHatesJazz

you can buy and live in a house.

yet despite that more money is poured into art than sports cards. art is never going away and neither is sports cards particularly the assets consisting of great players such as jordan, Brady, Gretzky, Ruth etc.

And keep in mind, people are always going to be on the lookout for the next star or GOAT.

Watch out now. You're disagreeing with Joe. He's bound to tell you that you've missed the point.

[joe73]

Originally Posted by JohnnyHatesJazz

you can buy and live in a house.

yet despite that more money is poured into art than sports cards. art is never going away and neither is sports cards particularly the assets consisting of great players such as jordan, Brady, Gretzky, Ruth etc.

And keep in mind, people are always going to be on the lookout for the next star or GOAT.

Art is a classic example of a Veblen good. A tiny number of sports cards probably now qualify, but a de facto 1/1 piece of art by a star artist is always going to be worth more than the 1/1 contrivances in the sports card world, and far more than the mass-produced cards.

[Donkaylove]

HOT!!!!!!!!!!!!!people are selling trae like nobody's biz ......just saying


its over....volume says

[rngrdanny22]

Originally Posted by joe73

Art is a classic example of a Veblen good. A tiny number of sports cards probably now qualify, but a de facto 1/1 piece of art is always going to be worth more than the 1/1 contrivances in the sports card world.

So, should we sell all our sports cards to force the bubble bursting, and buy art?

[JohnnyHatesJazz]

Originally Posted by rngrdanny22

Watch out now. You're disagreeing with Joe. He's bound to tell you that you've missed the point.

and that's fine. it's ok to disagree. he can think whatever he wants.

[JohnnyHatesJazz]

Originally Posted by joe73

Art is a classic example of a Veblen good. A tiny number of sports cards probably now qualify, but a de facto 1/1 piece of art by a star artist is always going to be worth more than the 1/1 contrivances in the sports card world, and far more than the mass-produced cards.

of course they will be but there's also plenty of work by lesser known artists selling for huge money. go on the art sites and see how much amateur artists are charging for their work. go commission a decent artist and see what they charge you...think whatever you want but surely you are not the first who is chiming in with this bubble talk. This board is littered with guys saying that and it's been going on for many years. Just do a search.