Vegas Dave: The Sports Card Market will Collapse in 24-36 Months

[samosa4u]

This was posted by Vegas Dave 16 hours ago on his Instagram. What really surprised me is how he insulted the buyer of his Mike Trout card - wow! Here it is below:

Mark my words the sports card market will collapse in 24-36 months. Remember it was me that predicted the market would boom 3 years ago. Everyone laughed at me when I bought the Mike Trout super for $400,000. Then 2 years later I sold if for 4 million dollars. Just remember in 24-36 months that I told you all this market will collapse just like the sub prime market did years ago.
.
Remember “ Vision is seen with the brain not the eyes “. The dumbest buys I have ever seen are the Mantle for 5.2M, my Trout for 4M, Jordan 86 Fleers at 250-300k, Giannis at 1.5M, Lebron at 1.5M and f*cken Tatis at 250k.
.
Only certain cards will pop and hold value. 1% of the people in the world own those cards. The rest of the 99% of you all will lose your asses. You all have a solid year to sell. But trust me in 24-36 months this bubble will pop and pop big.

Oh and by the way, Pokeman Cards are the biggest waste of money. Years from now please remember this. This by far is the the worst investment you can make long term.

[packs]

It's kind of weird Vegas Dave knew everything that was going to happen 3 years ago but only bought 1 Mike Trout card.

[oldjudge]

The dumbest buys I have ever seen are the Mantle for 5.2M, my Trout for 4M, Jordan 86 Fleers at 250-300k, Giannis at 1.5M, Lebron at 1.5M and f*cken Tatis at 250k.

I think this is exactly right.

[BRoberts]

Being a collector, I could not care less what Vegas Dave, whoever he is, thinks or predicts.

[jimjim]

Mark Cuban also commented today on the speculation in trading cards.

[Frank A]

The sports card market has been crashing since I started in 1979. I hope it keeps crashing just like it has been.

[Touch'EmAll]

Maybe, maybe not. Everybody has an opinion. Nobody has a crystal ball.

[cardsagain74]

I guess he predicted a global pandemic too. Since that was the catalyst and sole reason for prices booming to the extent that they have....sure cards may have done well regardless, but it wouldn't have been anything like this past 10 months

[Tao_Moko]

His delivery is poor, but I don't disagree when it comes to the sector of our market thriving on generated rarity or exorbitant amounts associated with graded cards. I might lean towards not agreeing on iconic issues or cards like the 52T Mantle, Wagner, etc.. Nothing riding on my prediction other than being told I'm stupid. If I were in his shoes I would not predict my own future in such a dark manner.

[Bobbycee]

Vegas Dave. Sounds like a real douche. I bet he does side gigs as an Elvis impersonator and talks to himself in the mirror.

[Casey2296]

I'm moving back into Beanie Babies...

[WA_HOF_rookie]

It's kind of weird Vegas Dave knew everything that was going to happen 3 years ago but only bought 1 Mike Trout card.I didn't just LOL, I snorted.

On topic: As someone who is just trying to secure cards for a collection, I'll wait to buy my Ruth, Wagner and Cobb. Dave will make me a deal in 36 mos.

Sent from my Pixel 4a using Tapatalk

[Exhibitman]

The 'market' he is talking about, what it all has in common is the TPG blessing that differentiates one widget from the next, the so-called condition rarity, and the touting by guys like him of those very same cards. Now that he's sold off his, he tells the rest of us the game is over. Looks to me like he is just manipulating things a la GameStop stock. He participated in the 'pump' and the 'dump' that got us here and now he is going to try and create a market rout so he can buy back in and start all over again. If he creates a stampede towards the exit I bet he tunes back in later this year after he's quietly bought up stuff in the crash and prognosticates a new great investment opportunity just by coincidence consisting of the cards he owns. Doesn't mean his legion of knuckle-dragging, mouth-breathing, sub-normal-IQ followers will catch on and ignore him, though. As repellant and as transparent as he is, you have to take his threat seriously, because lots and lots of dummies follow him as an investment guru. I'd not be loving the future for some of the more inflated, shiniest crap right about now because the people who'd get their panties in a wad over it are the kind who'd pay attention to this crap-weasel.

[dio]

I think he's a loser regretted sold his trout and use all the money to buy derek carr card, instead of buying 52 mantle or trout

[hcv123]

I guess nobody told him - what happens in Vegas stays in Vegas.....Dave!

[rjackson44]

Hes always been full of crap lol.heres a guy that invested millions on david carr cards% nuff said

[bobbyw8469]

Vegas Dave is a loser, wanna be tout. He made a fortune by ripping off others. Pump and Dump is right. Someone needs to dump this chump.

[notfast]

It's kind of weird Vegas Dave knew everything that was going to happen 3 years ago but only bought 1 Mike Trout card.

He had WAY more than one. I believe he had multiple oranges and at least one red.

VD is an idiot. You can’t put Jordan/Mantle in same category as Giannis and Tatis. He was pumping David Carr a few months ago and is now salty he’s out of the market that is booming.

The market WILL settle or level off at some point but a crash is not imminent nor expected.

[Yoda]

The sweet aroma of Dutch tulips seems to be calling. Vegas Dave?

[packs]

I do wish I held some cards until now though.

[ocjack]

If it crashes, it just means I can buy a lot of nice stuff. Cheap. Well, cheaper.

[conor912]

While I can’t think of a douchier delivery, I also don’t expect much class from a guy known as Vegas Dave.

[Exhibitman]

The guy who bought the Mantle said he really wanted one ever since he was a kid collecting, so I don't know that his purchase fits the VD 'investment' plan. Once a guy like that gets hold of a card like that odds are you have to pry it from his cold, dead fingers.

[todeen]

I'm moving back into Beanie Babies...

Hahahaha well played

[dio]

The guy who bought the Mantle said he really wanted one ever since he was a kid collecting, so I don't know that his purchase fits the VD 'investment' plan. Once a guy like that gets hold of a card like that odds are you have to pry it from his cold, dead fingers.

How many of us are. I'm not rich like that guy but I'm not selling my 52 mantle at low grade.

[mechanicalman]

Irrespective of Vegas Dave's opinion, I still think cards are a better long term investment than GameStop.

[nolemmings]

I'm moving back into Beanie Babies...

Pssst.... Pogs. Can't miss.

[BRoberts]

My guess is after "Vegas Dave," whoever he is, watched the GameStop story unfold over the past few days, he got an itch to have the sportscard-investing spotlight shine on him.

[Kutcher55]

My guess is after "Vegas Dave," whoever he is, watched the GameStop story unfold over the past few days, he got an itch to have the sportscard-investing spotlight shine on him.

Indeed it's a highly effective attention-grabbing tweet. Kudos, Vegas Dave, for knowing how to push buttons.

[JollyElm]

I have no idea who this douche-knuckle is, but his intent seems pretty obvious. Read this part of his quote:

Only certain cards will pop and hold value. 1% of the people in the world own those cards. The rest of the 99% of you all will lose your asses. You all have a solid year to sell. But trust me in 24-36 months this bubble will pop and pop big.

He wants to scare the heck out of anyone (who actually pays attention to him) into selling their cards, so he can pick them up on the cheap and flip them as the market continues to soar. There's no difference between him spewing his fear tactics and the gruff, pot bellied dealer at a card store telling you how your (valuable) cards are pretty much worthless, so he'll take them off of your hands for a mere song.

[JeremyW]

Indeed it's a highly effective attention-grabbing tweet. Kudos, Vegas Dave, for knowing how to push buttons.

Social influencers drive & dive markets, but I have zero interest in their BS. I just keep collecting what I like.

[nineunder71]

Pssst.... Pogs. Can't miss.

POGS!!!!!!

Great Post, haven’t thought about those in 20 years

[Kutcher55]

Social influencers drive & dive markets, but I have zero interest in their BS. I just keep collecting what I like.

Amen brother. It makes for good conversation but if you like to collect then who really cares.

[nineunder71]

Amen brother. It makes for good conversation but if you like to collect then who really cares.

The guy that bought that Trout for 4 bigs ones might

[bbcard1]

Gary Vee put out a contradictory statement that we have just seen the tip of the iceberg.

FWIW, there are and have been a lot of things that have had pretty big run ups like Aaron rookies / Koufax / that are nice pieces that any collector would want to have but not rare. I think they could moderate. Soto, Acuna, Tatis rookies could dip but not crash. They could all be generational players. A lot of the new stuff has been very liberally produced and it could take a pretty big hit.

[GaryPassamonte]

Social influencers drive & dive markets, but I have zero interest in their BS. I just keep collecting what I like.

A man after my own heart.

[Leon]

As someone above says, if it crashes, I can buy more. I don't even know what the shiny stuff is so doubt I go there.

AND everyone commenting in this thread needs to read the rule in bold letters near the top of every page. Your full name needs to be out here, if you commented on Vegas Dave, or you you can edit your comments out. Thanks

...

[RL]

who is Vegas Dave? and why would anyone care what he says?

[hammertime]

I'm one of the n00bs bringing new money into the hobby or inflating the bubble, depending on your perspective I guess. I can't comment directly on what the future holds for sports cards. But I will say I've been collecting vinyl records for over 20 years. A "vinyl revival" began about 15 years ago (it even has its own Wikipedia page). Starting about 10 years ago I became convinced that the vinyl market was going to crash any day. I've even gone through a few waves of selling off parts of my collection thinking I'm timing it at the top and I'll be able to buy them back later for pennies on the dollar. I'm still waiting, and I've since given up any attempts to "call the top". Food for thought.

[CJinPA]

I'm moving back into Beanie Babies...

NICE one!

[Exhibitman]

Gary Vee put out a contradictory statement that we have just seen the tip of the iceberg.



Looks like we need a cage match between Vegas Dave and Gary Vee. Might look something like this:

https://78.media.tumblr.com/f9dd9ae83f4c29ebea8c39680d158d27/tumblr_o8bffqQZ2H1rpduwho1_500.gif

[Fuddjcal]

I think he's a loser regretted sold his trout and use all the money to buy derek carr card, instead of buying 52 mantle or trout

I would never sell my 51 or 52 Mantle card to a jackass like that.:D It would have to be a like minded collector. Would never sell it to a guy who has bought a Luka, Snuka, Wandering Franco or Jaylen Domingos. Just don't believe those are true collectors. They are "investors" like all the 8 year old investors that lost their asses in the 1980's making a killing now. More power to them.

I collect for the fun it brought me as a child, not the $$$$. It is rather crazy that the same system they used to drive up all the prices on the new crap is proving to work in the stock market right now. Interesting times to say the least. I wish them ALL the best! Never been one to follow the get rich quick crowd. Always been a dollar cost average, diversification kind of a guy. I sleep great at night and if the light went out tomorrow.

I learned long ago that hard work, slow and steady with integrity while giving as much as I can to others wins the race.

[brianp-beme]

When it comes to my collectible expenditures, I place my trust in Atlantic City Sal, who knows a thing or two about a thing or two.

Brian

[Exhibitman]

https://photos.imageevent.com/exhibitman/dropins/websize/dante%20silvio.jpg

[jbsports33]

The only speculation in trading cards is the real high end stuff, the shill bidding within auctions and grading practices. Many of the stories I do not want to hear about when I started in this hobby, but I keep going anyways. Nothing has changed on my end still the same dealer in the middle with fair prices and some eBay auctions

Prices always change - up and down, I never thought it would come back 10 years ago - let's just enjoy the hobby!

Happy Collecting!

Jimmy

[bmattioli]

I only buy low grade so I'm good..

[conor912]

When it comes to my collectible expenditures, I place my trust in Atlantic City Sal, who knows a thing or two about a thing or two.

Brian

I’m a Reno Vito guy myself.

[Harliduck]

Never heard of this clown...but if those big time 1 of 3 cards or whatever crash, they will effect the 1% of collectors he references, not the 99%. The 99% have been waiting for a crash so we can buy more cards as said...haha. If your 57 Mantle drops to 50 bucks, I'll buy it...and thousands more will be in line. I think he had that backwards.

No matter what is said...what a jerk to insult and demean the man who just paid him millions. My dad would've kicked my ass if I did that.

[BobbyStrawberry]

I have no idea who Vegas Dave is or why he would demean his customers, but I'm curious how he landed on 24-36 months. It seems to me that if the bubble bursts (to whatever extent) it will be sooner than that.

[Exhibitman]

I'm curious how he landed on 24-36 months.

Six months to a year to stampede the herd towards the exit, another six months to a year to buy up everything they sold, then start pimping it all over again.

[Directly]

Per Dave--"Oh and by the way, Pokémon Cards are the biggest waste of money. Years from now please remember this. This by far is the the worst investment you can make long term"


There may be worst ways to waste money, cigarettes' came to mind, even though they are rather expensive, people still buy them.

[bnorth]

I only buy low grade so I'm good..

I collect those type myself.

[Casey2296]

Precursor to the Topps 3-d cards.

[perezfan]

Life was far better before the advent of the "Influencer". It might be the dumbest term/concept I've ever heard. Who the hell decided these people are necessary to society, and who (besides themselves) appointed them king?

[ullmandds]

Life was far better before the advent of the "Influencer". It might be the dumbest term/concept I've ever heard. Who the hell decided these people are necessary to society, and who (besides themselves) appointed them king?

I agree! The fact that this has become a "career" befuddles me!

[Tao_Moko]

How many have searched "Vegas Dave" since this post. I'm resisting temptation hard! Don't want him to win my click.

[maniac_73]

If you're listening to Vegas Dave for investment advice you have bigger problems than what your sports cards are worth

[todeen]

POGS!!!!!!



Great Post, haven’t thought about those in 20 yearsSomeone was selling a Derek Jeter pog on the forum a couple months ago. I guess it's pretty rare. --Shoulder shrug emoji--

Sent from my SAMSUNG-SM-G930A using Tapatalk

[conor912]

Hopefully PSA gets the memo that the clock is ticking. Subs sent now may not make Dave’s prophetic cutoff.

[todeen]

When it comes to my collectible expenditures, I place my trust in Atlantic City Sal, who knows a thing or two about a thing or two.

Brian:)

Sent from my SAMSUNG-SM-G930A using Tapatalk

[todeen]

Social influencer! https://uploads.tapatalk-cdn.com/20210129/61f001800b54fe68d1fa3d2fc79062a6.jpg

Sent from my SAMSUNG-SM-G930A using Tapatalk

[jcmtiger]

The dumbest buys I have ever seen are the Mantle for 5.2M, my Trout for 4M, Jordan 86 Fleers at 250-300k, Giannis at 1.5M, Lebron at 1.5M and f*cken Tatis at 250k.

I think this is exactly right.

Yup

[jcmtiger]

Glad I sold my 4 T206 cobbs. A couple years ago. I’m 79 did not want to wait any longer. Got a great payday. Joe not sure what this guy is talking about.

[mark evans]

Of course, no one knows whether Vegas Dave is right or not. Kind of tough to predict the future. It would not surprise me at all if there were some 'correction' in values down the road. To me as a collector, the answer has always been to buy what I like to own and look at. If the cards increase in value, good. If not, that's ok too.

[Michael B]

To paraphrase and bastardize the great Ned Beatty as Senator Meachum in 'Shooter':

‘The truth is what I say it is’

‘It's not really as bad as it seems. It's all gonna be done in any case. You might as well be on the side that gets you well paid for your efforts. There are no sides. There’s no collectors and investors. There's only haves and have-nots. And nobody questions the Desert Douchebag, because they don't want to hear the answer because it's a lie! There's only so many places at the table, so sell out now and you can walk away with something.

[maddux31]

I followed him on IG for a bit, but he just got to be too much for my liking. When he would try and hype up Derek Carr cards as the next big thing he lost all credibility with me.

I don't know all the specifics, but he had been living in his parent's basement for a while. He was dating Holly Sonders and instead of shacking up with her he made the decision to stay away from her and concentrate on his sports betting gig.:eek:

[irv]

Bidder Up: In 2018, Vegas Dave paid $400,000 for a signed Mike Trout rookie card. In August, he auctioned it for nearly $4 million. ... Instead of being convicted of nearly twenty felonies, he pleaded guilty to a misdemeanor, forfeited half a million dollars, and was banned from Las Vegas sportsbooks for three years.Sep 4, 2020

https://www.forbes.com/sites/willyakowicz/2020/09/04/meet-vegas-dave-a-sports-gambling-hustler-who-just-sold-the-most-expensive-baseball-card-in-history-for-39-million/?sh=735601fe5488

[Snapolit1]

Market will crash in 2-3 years. Nice. That's a finely tuned call.

Magic 8 ball a bit foggy.

[2dueces]

The market will either go up or down in the next year. Card prices will soar come down and soar. Chance of rain 50%.
If you listen to anyone else when you buy or sell a card or stock you listen to the wrong person. Your money, your decision. If you sell now at a nice profit and the price doubles tomorrow you still made. Nice profit. Hindsight never gets you anywhere. If you leave a slot machine and the little old lady hits the jackpot next pull you shouldn’t have been there to see it.
Do your own research. Make your own decisions.
Vegas Dave can say what he wants. Opinions are like buttholes. Everyone has one and they all stink.

[chalupacollects]

[QUOTE=Directly;2061432]Per Dave--"Oh and by the way, Pokémon Cards are the biggest waste of money. Years from now please remember this. This by far is the the worst investment you can make long term"


Sounds like he is going to try and corner the Pokemon market and then dump...

[Buythatcard]

There was an article done about him by Sports Collector's Digest in August 2020.
The guy is definitely in love with himself.

See article below:

https://sportscollectorsdigest.com/cards/collector-invests-in-mike-trout-baseball-cards

[Seven]

Maybe he can tell me what the next Gamestop will be! In all seriousness, regardless of what this guy says, we'll all be here, still collecting.

[BCauley]

He sounds like a real stand up kind of guy.

He originally faced 19 felony counts after authorities said he used other people’s Social Security numbers to open player accounts at casinos. The alleged crimes occurred between February 2015 and February 2016 and involved transactions that amounted to more than $1.2 million.

https://www.reviewjournal.com/crime/courts/sports-bettor-vegas-dave-takes-plea-deal-in-federal-court-1584318/

[Ronnie73]

I believe there will be a crash in the next few years. But only on the newer stuff. I just can't see the same process continue for many more years. Some people got back in to the new stuff for a year or two and then realized the money just wasn't there unless you were one extremely lucky person and gets the big hit of the year. But a majority don't and eventually fade away from the hobby, while new collectors join in thinking they are going to make some quick money. But the same thing happens. At some point most people will have already been burned and the new cards will drop in price. I watch the new case breaks on YouTube. They make a big deal on the case hit and by next year, it's a $10 card. People are buying in at $50 to $150 average and maybe a couple people break even and one person actually makes a profit, but the majority lose. I tell people all the time, why are you buying a brand new manufactured rarity for more money than a T206 HOF card. Topps and Panini are not over producing like in the late 1980's and early 1990's, but they are coming out with a new product it seems like every week. And each of their products have chase cards and color parallels which is mostly what everyone is interested in. There's just too many cards overall. A 1 of 1 card sounds super rare but they make over a 1000 different 1 of 1 cards per year. So it just isn't as special. Plus the added hype on these videos when a box is being opened. A few days ago I watched Vegas Dave open a box of 1986 Fleer Basketball. Every card he'd price was maybe what a PSA 10 would sell for. I didn't see many cards with perfect centering. But the hype pulls people in, they spend money, they lose money, and the next person comes along. Eventually people catch on. Most are not really aware of true vintage, before Topps. I don't see the true vintage cards taking a big hit when the new card hobby crashes. But that's been my opinion for a couple years now. We'll just have to wait and see.

[Fred]

Is there an over/under on this time frame? If so, I'll take the under.

[luciobar1980]

The prognosticator of prognosticators , Vegas Dave.

[nineunder71]

His initials seem fitting......VD

[Exhibitman]

Nice take, Ron. Could be true of any investment when it gets hyped. Look at the GME and AMC nuttiness.

I do collect modern too. My 'philosophy' is the same, though: I collect what I like, so if I am stuck with it I can still enjoy it. If I like a design I buy the card, if not, I skip it. There are some really nice and innovative issues out there.

https://photos.imageevent.com/exhibitman/modernbaseball/websize/2019%20Topps%20Kershaw%20holiday.jpg
https://photos.imageevent.com/exhibitman/modernbaseball/websize/2019%20Topps%20Acuna%20whatever.jpg

So why not have some fun and pick up a few?

I do salt away a few gambles here and there, maybe ten flagship base set rookies of a player who has potential, but those are just for shits and giggles. I also like to bust a couple of boxes here and there for fun, then I put all of those into a box and salt them away too, and wait to see whether some rookie in there matures into a great player.

[GaryPassamonte]

Per Dave--"Oh and by the way, Pokémon Cards are the biggest waste of money. Years from now please remember this. This by far is the the worst investment you can make long term"


There may be worst ways to waste money, cigarettes' came to mind, even though they are rather expensive, people still buy them.


The Pokeman comment sounds alot like something Alan Hager would say.

[chriskim]

I believe he sold the rest of his Red and Orange Trout refractors collection already.

[Exhibitman]

This was in a MarketWatch article on the Gamestop bubble but it applies with equal force to anyone investing in sports cards and looking for a top:

“The problem is when these people are sitting on a mountain of profits, rather than thank their lucky stars and lock-in these once-in-a-lifetime profits, they are too busy gloating and taunting the other side. Instead of being satisfied with nearly $500, bulls insist on waiting until this goes all the way to $1,000. And bears that captured a 77% tumble in 120-minutes, rather than jump on this historic move, they demanded it to go all the way to $5. And you know what, both sides are equally guilty of holding too long and letting these historic profits evaporated before their very eyes. As the saying goes, ‘Bulls make money, bears make money, and pigs get slaughtered.’ Don’t be a pig and take these spectacular profits when you have them. Because if you don’t, they will almost certainly be gone in a few hours.”

[Republicaninmass]

Vegas Dave will collapse in the next 24-36 months

[Fred]

Vegas Dave will collapse in the next 24-36 months

So, you taking the over or under?

[joshuanip]

As other assets like stocks, it’s normal and healthy to consolidate after a boom.

But to predict a bust just because it ran up doesn’t factor the possibility i) there may be a consolidation period to digest the run up and ii) asset prices generally rise over the long run through the cycles- which cards have exhibited several times as we long time collectors experienced.

His name is Vegas Dave for a reason I guess...

IMO, every asset class is in a bubble due to the central bank liquidity. Given fed messaging for QE support for the next several years, add fiscal stimulus, they effectively removed cyclicality in the economy - so we may hit bumps but I take the over...

[tkd]

My prediction is prices in the next 24-36 months will go up, go down, or stay the same.

[Exhibitman]

My prediction is prices in the next 24-36 months will go up, go down, or stay the same.

You might be right. I can't decide...