There are two reasons card demand can increase: either there are more collectors or existing collectors are buying more cards. I think it's a bit of both and mostly driven by covid.
There were a lot of people sitting at home with nothing to do that decided to clean out their closets, and when they did they found half-completed baseball card collections. Many ended up organizing and adding to their cards.
At the same time a lot of people stopped commuting to work, eating out, and going on trips, so they had extra cash to spend. One outlet for that money, new and existing collectors, was buying more cards.
The big question is what will happen now, now that we all have more choices on spending our money. I am skeptical that the level of new collectors will continue, especially with the steady decline in interest in baseball.
And without new collectors, that just leaves all of us buying each other's cards.
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