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#1
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I got an itch... Again
Posted By: chiprop
I have held off buying any cards for about a year and recently have a very strong itch to buy again. Lifson and I were discussing his next auction and he told me there will be a Red Hindu Cobb, Uzit Cobb, and a slew of rare back hall of famers in the next REA auction. After the conversation, I felt I should probably start saving, cause I'm getting hungry to add to my collection. |
#2
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I got an itch... Again
Posted By: Rob D.
Quality will always command top dollar. |
#3
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I got an itch... Again
Posted By: chiprop
At some point, there must be a discount for these cards. Even the super wealthy are feeling the effects of our sour econ. |
#4
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I got an itch... Again
Posted By: benost
A 1957 Topps Sandy Koufax PSA 8 just went on E-bay for over $1,100. They had been around $800. |
#5
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I got an itch... Again
Posted By: Rob D.
Dan, |
#6
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I got an itch... Again
Posted By: Matt
Just to echo Rob's point - in the past week or so, I was watching about 10 $200+ cards on eBay and all went for prices at or above what they have sold for in the past. None were T206s, but there was a nice spread from different pre-war issues. I'd love for the prices to be depressed so I could buy more, but I'm not seeing it. |
#7
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I got an itch... Again
Posted By: chiprop
Rob- I get it. These "whales" have so much money that it's coming out of their ears, but the competion has to be slowing. Not everyone is secure in their job or their finances like they were a year ago. I don't care how much money any of us have, all of us are thinking twice before we purchase items we don't need. It has to slow down, the question is when, not if. |
#8
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I got an itch... Again
Posted By: Rob D.
It has to slow down, the question is when, not if. |
#9
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I got an itch... Again
Posted By: chiprop
More of a desire. |
#10
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I got an itch... Again
Posted By: barrysloate
I agree there will be depressed areas of the market in 2009, although it may not be among the great rarities. You would think even the very wealthy would take a breather, but I haven't seen it yet. |
#11
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I got an itch... Again
Posted By: Adam
While I am a T206 collector, I have never been a "backs" collector. That being said, however, it's clear to me the rare backs are still hot. So things like T206 Uzits, Red Hindus, etc. will I'm sure do very, very well in REA 2009 (as will the T206 big name cards: Wagner, Plank, Magie, Doyle). If anything, my guess is the prices for T206 "near complete sets" (i.e. 500+ T206s in a single lot) may drop a little. |
#12
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I got an itch... Again
Posted By: Fred C
Dan, |
#13
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I got an itch... Again
Posted By: boxingcardman
Recession: when 2 million people lose their jobs |
#14
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I got an itch... Again
Posted By: Jantz
I agree with Adam & Boxingcardman. Rare backs or rare cards in general should hold well. |
#15
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I got an itch... Again
Posted By: Steve Dawson
Aren't many, if not most of the "whales", doctors and lawyers? |
#16
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I got an itch... Again
Posted By: Alan
There are 3 certainties: |
#17
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I got an itch... Again
Posted By: Dean H
Actually, doctors are not recession proof. I work in the medical field and doctors are my clients. Many are extrememly slow. Yes people are still getting sick but many are not going to the doctor. They don't want to pay the co-pays, prescriptions and those that have been laid off may not have insurance. So they just try and stick it out and use over the counter meds to get through. I also have had many Docs say that can't get loans due to the credit crunch. Plastic surgery and other "elective" surgeries are down as well. So I think just about every profession is being affected. Some more than others but all to a certain degree. |
#18
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I got an itch... Again
Posted By: Scot
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#19
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I got an itch... Again
Posted By: marshall barkman
The whole recession is just blown out of proportion. It is very simple there is a huge credit crunch going on. The only reason the economy was booming is because people were borrowing money hand over fist and did not have the means to pay it back. Talk to any small banker and i have and most will tell you they had no choice in giving certain loans to people. Now the bankers are worried about the insurance being to high and their is not enough of a profit margin to give the loans to warrant the insurance. The reason prices are dropping and they are even artwork is down and that has not happened since 1963 is because the borrowing power is not there, either you have liquid or you don't. |
#20
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I got an itch... Again
Posted By: Doug
I'm going to back that up again. I had a conversation with someone from a major bank as well and they just aren't handing out unsecured credit like they used to. I'm not sure what the percentage of people buying high dollar stuff on credit was, but it sure seems to be making a difference now. |
#21
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I got an itch... Again
Posted By: Jantz
Scot R. - I hear ya! |
#22
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I got an itch... Again
Posted By: boxingcardman
I agree with most all of what Marshall said |
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