Is it just me

Archive · #1 11-12-2008, 10:01 AM

Posted By: Rich Klein

And I have no empirical evidence of this; but have prices been considerably softer in major auctions in the past month or so. When keeping track of some items, I just got an impression that things were down slightly to significantly. Am curious as to your opinions.

Regards
Rich

Archive · #2 11-12-2008, 10:17 AM

Posted By: leon

I think we have had a few discussions on the board about this recently. Overall the prices on cards I track, the ones in the $100-$1000 range, are down substantially. I feel on some it's 15% and on some it can be 50% or more....I do quite a bit of buying, selling and collecting and this is my thought....The really premier cards have continued to escalate....

on a side note.....Jeff P- Rich and I are doing lunch tomorrow at 11am at Tin Star on the Tollway/Park and you are invited if you can make it....You too Ted H., if you get the message...

Archive · #3 11-12-2008, 10:19 AM

Posted By: Bryan Long

I say yes - they have dropped a ton if you ask me. It may just be my auctions, but I have stopped selling things for a little while, especially on the bay because of the prices things have gone for. But, then again, I may just be having bad luck lately, but I have taken a bath on several items.

.

Archive · #4 11-12-2008, 10:28 AM

Posted By: Fred C

Soft prices!!! Doesn't it mean it's time to BUY, BUY, BUY? You can either take advantage of this lull and pick up material at a lower price than a year ago or you can sit on the sideline and see what happens. Maybe the prices drop more, maybe they strengthen again. Personally, there's been such a strong run up in prices that maybe this is time for a correction.

I still think that nice material will not drop too much. If anyone sees an E90-1 Mitchell for auciton I bet it will still demand strong attention.

Archive · #5 11-12-2008, 10:36 AM

Posted By: Jeff Lichtman

Rarish cards are still very strong; high grade cards that are easily found have dropped significantly. I guess baseball cards as an investment behave like other investments.

Archive · #6 11-12-2008, 10:59 AM

Posted By: JimB

Down on the card I sold. Prices are strong on cards I am interested in bidding on.
JimB

Archive · #7 11-12-2008, 11:30 AM

Posted By: boxingcardman

Prices on the cards I want to buy are always up; prices on the cards I sell are always down. If I purchased stock in a funeral parlor no one would die...

Sic Gorgiamus Allos Subjectatos Nunc

Archive · #8 11-12-2008, 12:03 PM

Posted By: Jason L

Anything that the general buying public is in the market for is soft. Items that the truly wealthy are interested in will always be firmer. True across every consumer good I have ever heard of, and certainly true of cards as we head into this downturn

Archive · #9 11-12-2008, 12:11 PM

Posted By: Sean

I would also say its down, for the more common stuff 15-25%. You can easily find T206 PSA/SGC 6's selling for $150, and 7's can be found for $300-$400 now.

Sean

Archive · #10 11-12-2008, 04:34 PM

Posted By: Dan Paradis

"Prices on the cards I want to buy are always up; prices on the cards I sell are always down. If I purchased stock in a funeral parlor no one would die..."

Exactly!! I thought it was just me.

Dan

Archive · #11 11-12-2008, 04:45 PM

Posted By: SC

Rich,

I'm suprised you haven't seen more. In the auto market, cars are absolutely dead - never seen anything like it. Always in the past, you can sell, it's just a matter of the haircut you want to take. Now, when I go to the auction, it's just empty. Wholesalers who used to buy 30 cars are looking to buy 2.

Just wish I wasn't strong on inventory right now myself.

S

Archive · #12 11-12-2008, 04:50 PM

Posted By: Pennsylvania Ted

Just bought a 1967 Topps Tom Seaver rookie to complete my Hi# series run for only $50 (EX condition).

Simultaneously, I bought a T206 Chase with a Carolina Brights back for $500.

These two events tell us modern stuff is dropping considerably, and good ole stuff is holding its value.

T-Rex TED