Out of the hobby 5 years...things are crazy!

[SoCal1985]

I've been out of the hobby reluctantly for the last 5 years. Now that I am back, damn the market is crazy, on cards and box prices are insane. Boxes that use to be $80-$100 are now $200-$300 and baseball which was the last to go very high end on boxes, you can't find a box for $100.
And Trout, damn I hate that I sold in 2017 my Bowman blue auto, regular auto. Finest orange and red, I unloaded so many other Trout rookies. The only thing I'm glad I did was do a withdraw on my 401k instead of selling the 52 Mantle I pulled, as I'm saving it for my boys. In hindsight I should have emptied my 401k and kept my Trout, the prices on the blue are insane. Anyways for someone who hasn't seen any baseball prices in 5 years it is a rough start jumping back in.

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[ThoseBackPages]

you should have seen it 18 months ago!

[rngrdanny22]

Originally Posted by ThoseBackPages

you should have seen it 18 months ago!

[gododgersfan]

Welcome back. COVID changed the hobby for good and bad and we are now in a post COVID price correction. This correction will last for a while and then another boom will come.

[cardsin47]

From March 2020 - Valentines Day 2021, everything went up in value virtually every day. You had to try not to make money on flips back then. Been in a market correction ever since …..

[awz50]

Originally Posted by cardsin47

From March 2020 - Valentines Day 2021, everything went up in value virtually every day. You had to try not to make money on flips back then. Been in a market correction ever since …..

Hopefully it goes down more

[SoCal1985]

It's crazy that this is a correction, I'm not sure people realize how high it went from 2017. I sold multiple, like 4-6, Trout Update RC Diamond Sparkle and Cognac Gem Mint for $250 a piece, hell I even gave one away to a member on this forum to raise money. Now I look and they are going for $5,000, that is crazy, if this is correction I don't even want to know what the prices were before.

[cardsin47]

Originally Posted by SoCal1985

It's crazy that this is a correction, I'm not sure people realize how high it went from 2017. I sold multiple, like 4-6, Trout Update RC Diamond Sparkle and Cognac Gem Mint for $250 a piece, hell I even gave one away to a member on this forum to raise money. Now I look and they are going for $5,000, that is crazy, if this is correction I don't even want to know what the prices were before.

If you missed the past 5 years, I can see how it seems ‘crazy’
To us that were here during that time, it’s accepted as ‘normal’

[ObanMontecristo]

Think of all the rookie card frenzies you missed… and probably saved money not buying at the time they were really hot. Guys like Gleyber Torres, Eloy Jimenez, Fernando Tatis Jr., Luis Robert, and Wander Franco…. Of course, there were some that turned out better like Soto, Acuna, Vlad Jr., and Ohtani- although there have definitely been some ups and downs for all of those guys too.

[fabiani12333]

Originally Posted by gododgersfan

Welcome back. COVID changed the hobby for good and bad and we are now in a post COVID price correction. This correction will last for a while and then another boom will come.

When was the last time there was a boom prior to the pandemic? Why not a steady rise in prices as opposed to another boom?

[fabiani12333]

Originally Posted by cardsin47

If you missed the past 5 years, I can see how it seems ‘crazy’
To us that were here during that time, it’s accepted as ‘normal’

I was here watching and participating, and it was insane. A speculative bubble had clearly formed. Prices and demand shot up very fast after stimulus checks went out.

Anyone with inventory who sold made bank. People who bought at the peak lost money.

The pandemic created thousands of flippers overnight, causing wait lines and fights at Target, and the grading companies to suspend submissions.

[FT35]

Originally Posted by fabiani12333

When was the last time there was a boom prior to the pandemic? Why not a steady rise in prices as opposed to another boom?

I do know that booms tend to come and go on Michael Jordan as opposed to steady growth. Sometimes the booms on his stuff send shock waves through the basketball market and thus the sports card market as a whole. A rising Jordan tide lifts all boats so to speak. I know I’ve seen Jordan booms as early as 2016 (big one) and a couple other minor booms prior to 2020. Some might argue that it was the boom of the 86F rookie that fueled the larger pandemic boom. Kind of seeing one now on his Star stuff.

[Bcr]

Project 2020 was one of the craziest things I've ever seen. Still have my Griffey Shore at my desk to remind me of the madness.

[PumpnDumpling]

Originally Posted by fabiani12333

When was the last time there was a boom prior to the pandemic? Why not a steady rise in prices as opposed to another boom?

from 2011 up until 2016 new sealed product was pretty flat for the most part

New sets regularly tanked post release

2017 boomed as far as demand (desirable retail became hard to find), 2018 boomed msrp on many things shot up x1.5 - 2.0 from the previous year, 2019 boomed with another spike is msrp for many established skus (Bowman, BC, BDP, TC, etc)

[fabiani12333]

Originally Posted by PumpnDumpling

from 2011 up until 2016 new sealed product was pretty flat for the most part

New sets regularly tanked post release

2017 boomed as far as demand (desirable retail became hard to find), 2018 boomed msrp on many things shot up x1.5 - 2.0 from the previous year, 2019 boomed with another spike is msrp for many established skus (Bowman, BC, BDP, TC, etc)

What caused demand to rise in 2017?

[JohnnyHatesJazz]

You missed the golden age!