Why has market gone crazy? And outlook?

[wolf441]

Originally Posted by Directly

With 2022 HRO DC - BATMAN Mythic- Physical Hybrid Card - Unredeemed selling in the $2,000 range, I wouldn't worry to much about vintage sports cards prices collapsing anytime soon--MOO

LOL, I read the first 8 words of your post and thought it was another Bitcoin scammer!

[JollyElm]

I continue to live by my statement:
"Overpaying yesterday is simply underpaying tomorrow."

[Republicaninmass]

People buying cards with Pandemic protection funds

[joshleon]

Originally Posted by Republicaninmass

People buying cards with Pandemic protection funds

I heard of people using food stamps to buy E93s and 55 Bowmans at a show in NJ.

[BobbyStrawberry]

Originally Posted by joshleon

I heard of people using food stamps to buy E93s and 55 Bowmans at a show in NJ.

Seriously???

[sirraffles]

This hobby has one advantage over many other types of investments: it can be an investment that is fun as well. Our Helmar cards have been more popular than ever and retired cards show good returns. Charles Mandel

[JustinD]

With oncoming recession, I think many people are placing vintage in the basket of precious metals as a place to sit their investment capital. I would have told you this was heresy in the past, however “the times they are a changing”.

[JustinD]

Originally Posted by joshleon

I heard of people using food stamps to buy E93s and 55 Bowmans at a show in NJ.

Sad that a dealer was openly flaunting food stamp exchange laws for such a stupid sale. Also, I thought most states have switched to a debit card format to help prevent these issues.

[glchen]

My opinion:

(1) Record prices of sports cards and memorabilia published on highly trafficked sites such as ESPN
(2) Pandemic, stimulus, gov't policies, fed easy money putting a lot of cash in people's pockets that they wouldn't spend on travelling, restaurants
(3) Once card prices start rising significantly, FOMO
(4) Inflation / fear of stagflation leading folks to think cards may be a safer investment better than stocks or other traditional asset classes

BTW, this doesn't mean that I believe card prices will continue to go up, far from it. There are no fundamentals behind it, and it's just manufactured cardboard. You'll never get dividends from it or be able to fashion it into jewelry.

[parkplace33]

Originally Posted by glchen

My opinion:

(1) Record prices of sports cards and memorabilia published on highly trafficked sites such as ESPN
(2) Pandemic, stimulus, gov't policies, fed easy money putting a lot of cash in people's pockets that they wouldn't spend on travelling, restaurants
(3) Once card prices start rising significantly, FOMO
(4) Inflation / fear of stagflation leading folks to think cards may be a safer investment better than stocks or other traditional asset classes

BTW, this doesn't mean that I believe card prices will continue to go up, far from it. There are no fundamentals behind it, and it's just manufactured cardboard. You'll never get dividends from it or be able to fashion it into jewelry.

Definitely agree about fomo. This card sold for x, now I can get y. Or on the flip side, now I have to pay z.

It still blows my mind when I hear people talk about cards as retirement vehicles.