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Trout v. Legendary cards
Trout’s superfractor rookie, which has artificially created scarcity, just sold for almost $4M. It is now the highest auctioned sports card ever.
This is more than: 5.5 times Babe Ruth’s 1916 Sporting News card (PSA 7); 1.3 times Mickey Mantle’s 1952 Topps card (PSA 9); and 1.2 times Honus Wagner’s 1909 T-206 card (PSA 5). All these cards survived kids playing with them and no specialty storage cases. Time created their scarcity. Their careers are also over and statistics set in stone. How much upside is there in a $4M card? One ACL tear a poof. If a genie granted me one card to have, but was conditioned on never selling it, I don’t know if that Trout card would even crack my top 20. Crazy. https://www.espn.com/mlb/story/_/id/...ports-card-all |
Yeah, just imagine all of the amazing cards $4M would buy. I wouldn't have much interested in that Trout card if it was offered for $50. A slew of manufactured 1/1 cards that have different types of sparkle and glitter just doesn't do much for me, but to each their own.
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The Trout card is not what I would buy if I had unlimited funds, but the "artificially created scarcity" argument for why it should not be a valuable card never makes sense to me. There are lots of "artificially created scarcity" pre-war cards that are valuable simply because of their artificial scarcity.
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I couldn't waited to see who bought the Trout card and what company he is trying to promote this time.
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Trout Crazy Price
This is a case of bubble mania. Yes, the card is worth $4 mill to someone out there. The card was worth $400k 2 years ago. It was worth a million earlier this year. Does anyone think it will be worth more a year from now? Maybe some hedge fund billionaire will want it for more. As a collector of vintage cards for decades I see marketing hype here and this created rarity will plummet over the years. I see the same hype with Jordan stuff.
I will take the Honus Wagner, 52 Mantle, Ruth Rookie in a second over the Trout. Each to his own, but this is a classic case of Tulipmania. Hope the Trout collector enjoys his one of a kind card. Even if Trout becomes the GOAT that card is the beanie baby of 2020. Rare because someone hyped it. Not that vintage cards don’t get hyped but anytime a modern card company decides to produce a rarity I get skeptical. |
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Even the 1934 Lajoie doesn’t count. The reason is it was never supposed to exist. Goudey only created it, because people wrote and complained. Goudey created that card just to satisfy customers. It never intended on creating a holy grail card that people would highly collect 40 years later. Bowman did. I’m not counting broken printing plates, small print runs, plates getting pulled, a 1934 Lajoie situation, etc. Again, these companies had no clue the card market would explode 50 years later. The cards weren’t the product like they are now. The product was gum, candy, tobacco, bread, etc. Bowman purposely created a one of one card simply to make it valuable. When did this occur during the pre-war years? |
Artificial scarcity is still scarcity, the reason is irrelevant as far as I'm concerned. Its still a 1/1.
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Lets say Trout has a career ending injury in a few years and career is over. What is the future of this card?
Or lets say Trout tests positive for PED's. What is the future of this card. Will there be a difference in the value with the two possibilities. Not wanting any of those things to happen, but these are reasons why modern is such a huge gamble with cards like this. Almost $4 million for something that might be worth $100K years from now is a scary investment. Thoughts? |
Agree with you Tyruscobb and Tomi . There is a big difference in this created scarcity with the unintended scarcity by card companies. Yes by definition scarcity is real if it is 1 of 1 but that will not be the same as vintage scarcity over the long haul. Each collector is making their own determination but quality has a way of enduring. Trout refractor has little chance of meeting that enduring quality. Hey, it’s not my $4 mill so good luck to the buyer.
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Just think if that big money starts collecting Ruth, Cobb, 19th Century etc instead of Trout etc
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While the card may have been hammered down at $3.2M, we have no idea how deep the market is, or even if there was more than one bidder above $1M. Here is how the auction rules read:
Minimum Bids and Reserves: Every lot within the auction does have a minimum bid designated in both the catalog as well as online. A reserve price is a minimum bid below which the lot will not be sold. Accordingly, if the reserve price is not met at the conclusion of the auction, the lot will not be sold. Reserve bid prices are not publicly available and will not be published, except that two days prior to the auction close, any item with an unmet reserve will be annotated with “Reserve Not Met” in the online bidding. Reserve bids are available to the House and the House may, at its discretion, confidentially place reserve bids and set "up to" bids where the next bid in succession would hit the reserve price. No reserve price bids placed by the House will be executed at a level greater than one bid below the actual reserve. Any lot that had an unmet reserve at the conclusion of the auction will show as a "pass" in the online catalog.[/B][/B] For all we know the reserve was the next bid above $3M and the auction house put in the $3M bid. The card is a 1/1 based on a contrived scarcity. The next version of this card, which has twenty-five known copies, is identical in all material respects except for the color/type of border. So that adds over $3M in value? Let's just say I'm a bit skeptical about what is going on here. |
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Other cards are scarce, because they have survived the tests of time. Survived: kid’s hands, moms cleaning out rooms, rubber bands, moves, fires, being passed down from generation to generation, etc. My point is that it surprises me that the Trout card, whose scarcity was artificially created for value purposes, sold for many times more than “survivor” cards of absolute legends. To each his own. |
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<strike>Buyer could be this guy:</strike> Apparently he's the seller
https://sportscollectorsdigest.com/c...baseball-cards LINK FIXED One quote from his interview: “To me, those players are dead,” Oancea said. “I would rather invest in someone like Trout or someone that’s playing because his numbers could go up. For me, I’ve never been a fan of vintage, because they’re underground. If Trout has a season where he hits 50 home runs and 150 RBI, he has the ability to go up more. I don’t want to base my cards – especially the money I invest, hundreds of thousands or millions of dollars – on someone that’s buried under a tombstone.” |
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To me, being alive, let alone not being retired, presents only downside (e.g. OJ Simpson). And, as one moves further from their playing days, their relevance wanes and the public‘s interest tends to diminish- does anyone care about Rod Carew, Dave Winfield, or Steve Carlton the way people loved them in the 80’s and 90’s? Anyway, I just don’t agree with this guy, but I am a vintage guy and this is a vintage Board. All I know for sure is what is good for cards is good for cards, and it’s his money to spend how he chooses. And, he must be doing something right if he is spending 7 figures on cards each year. Opinions are like assholes.... everyone has one |
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With regard to the Trout card, what the card companies might take from this is from this point on, for each new player that enters the league, to create for him the same thing as was done for Trout. Some of those players will pan out, some spectacularly so, and in time there will be a whole new class of 1/1 cards of this category. If that were to happen, then maybe the Trout card might be viewed as a something less than a true 1/1. |
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(cough, Fiydrich, cough) |
The post arguing against the "invalidity" of artificially rare cards is correct. Rare is rare and a number is a number.
However, rarity should be looked more broad based and not myopocially. 1000 different one-of-ones is not the same as three one-of-100. And sales prices is just sales price, and indicates only sales price. Quality cannot be quantified. Also, the sales price at a particular moment is indicitive of the sales price at that particular moment. McGuire's 70th home run ball once sold for over $3million and a Tiger Woods SI rookie once for $100,000. Those "values" are nothing more that historical curiosities (and sometimes jokes) now. Hobby fixation on financial financial value doesn't interest me. |
All vintage cards were collected as a hobby, no one got a baseball card as an investment. No card company even thought of their cards or premiums as valuable things. Yes, when I was a kid we were unlikely to put a Mantle on our bicycle spokes or intentionally mishandle it. That was because he was valuable as a trade for many cards not because we expected it to be worth a lot years later. There is no comparison to what any card company did through the 1970’s to what is being done today creating scarce cards.
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Even rarer. Mike Trout Debut & 1st hit panel tickets. Most season ticket holders tore each ticket out and took to the game. Then they would take the ticket back home. Most likely, the person who had these for some reason didn't go to either game. Only one other in PSA pop report and it's not signed. (Graded a 9 for the ticket). I searched PSA pop report from 2011-2020 and found only 4 panels. Two for BB, and 2 for Hockey.
Mine are both signed & inscripted. MLB cert. Gonna send to PSA and get auto grades. :) |
Number of championships: Zero
Number of postseason appearances: One $4 million? Really? |
It is so funny that I have been searching who is VegasDave but I have no idea and no intention to find out who Mike Trout is.
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https://www.sportscollectorsdaily.co...perfractor.jpg
I have concerns with the modern cards from a long term perspective and it doesn't relate to the player. Anyone who collects Kelloggs 3D, 1970 Topps FB Super, early Topps Refractors, and many other UV and plastic 1990s cards is familiar with the deterioration of the base materials. Finding uncracked Kelloggs is becoming tougher and tougher as the plastic ages and contracts. Early refractors are already discoloring, in some cases inside high end slabs. 1990s cards with plastic coatings are sticking and curling due to the materials. And sharpie can fade. I doubt that this Trout card was made to archival standards. By the time Trout is inducted into the HOF his early cards may be showing physical deterioration. Setting that aside, I too do not get the modern collecting mindset as respects 1/1 manufactured rarities, only because there will be a new, better manufactured rarity next year. I've even heard some modern collectors who do not consider this the best Trout card because it is a pre-rookie. Those collectors prefer the 2011 card. |
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Collectors here may debate artificial/manufactured scarcity vs scarcity that developed organically, but it's hard to know whether those are legitimate distinctions (diamonds are super valuable and we know that the scarcity there is largely manufactured).
Taking a step further back, we have to acknowledge that for many people, spending any real amount on any collectible, whether current of vintage, is kind of laughable. For most collectors though, collectibles connect us to something. Whether it is the game we love, the players we followed as kids, the stories we heard from our parents/grandparents or something else, it is about more than the item itself. Collecting vintage allows you to connect to the past that way, but collecting modern cards allows you to connect to game as it is being played, and many find great enjoyment in that. The price of the card is hard to fathom for me, but it is arguably the single most significant baseball rookie card of the last 40 years. Unlike the 1989 UD Griffey rookie or 2001 Bowman Chrome Albert Pujols Auto rookie, this is the first transcendent player who has a 1/1, and Bowman Chrome is viewed by most as the marquee rookie card a player can have. Of course an injury etc. would mean the price would drop, but the price could also go up. The reality is that the market or vintage can also swing. The fact that vintage players don't play doesn't make their cards impervious to market swings or conditions. Who knows whether over time interest will increase and grow for vintage, or if the next generation will not take to it. I seem to recall the previous owner heard similar comments (about overpaying) when he paid $400K a couple of years back. Time will tell whether this ownetr does similarly well. |
i have to believe that there are people out there that fit that description.
i don't follow the vintage market, but surely there are millionaires buying old baseball cards. If not mega millionaires, plain old regular millionaires are. Quote:
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The lower the pop, the easier it is to "set" a price
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The question begs to be asked:
Is there anyone on here that would take the Trout over a T206 Wagner (if given the chance)? I think that number is gonna be low... You don’t invest in players that are still active/still alive. While very unlikely: What if Trout went OJ Simpson or Joe Paterno later in life? What if he shreds his knee chasing a fly ball later on this week and is never the same? If you’ve got 4mm to put in a baseball card, I guess it doesn’t matter anyhow |
I'm not sure it ever will. I think people buy what they see. They see Trout. They see/saw players from the last 2-3 decades. They never saw Babe, Cobb, etc. So they have no interest in them because they can't connect with them.
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They survived the trash can (discarding non-used tickets) and from being ripped by not attending the game. Even if most stadiums don’t rip anymore, because they use scanners, it’s still hard to preserve pristine tickets when you go to the game. They are usually bent. It’s a different market, but, at least to me, those are cooler than that $4M card. Congratulations. Now, you just have to hope that there aren’t many others that survived and, if there are, the owners don’t get them signed. :p |
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I like collecting players I've never seen and I like collecting players I watch every day, both give me enjoyment. |
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But Trout plays baseball at a different level than his peers and has for the past 7 years. He is no Fydrich (I think you were just doing a tongue-in-cheeck there, btw). The guy has the single best mechanical swing in baseball - only Barry Bonds was as efficient in his mechanics. Just for moment, imagine the greatest and our favorite heros of the past facing #2 and #3 starters who are sitting 97mph in the 4 and 5th innings. Not the ace of the staff, but your mid-level starters? It's crazy, and a conversation for another thread. Sorry to get off-topic - I'm just a huge Trout fanboy. I don't own a single card of his and have no desire. But as a result of coaching and training high level high school players, there's just nobody better over the past several years and there looks to be at least another 5-7 years left - kids got it all! |
I think the difference is that many of the vintage scarcities, even if contrived, were done to sell the set, and demand often comes from collectors competing for a scarce few cards to finish the set. Not that those scarcities haven’t developed a following from there scarcity, which is similar to the Trout.
I doubt anyone collects the set that Trout is in. Or even knows if there is a set! I have the T206 “set” minus the big 4. It feels somewhat empty. Given enough $$, i would love to finish it. Given the passage of time, there seems a lot more inherent risk in paying up for a Trout. Pretty happy that i own a W600 Cobb, though... I anticipate that the umbrella of these prices keeps that one going. Quote:
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https://live.staticflickr.com/65535/...d3e6a9c215.jpg |
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Congrats on owning one! |
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The lack of set collecting today isn't better or worse; it is just how the hobby has evolved. Manufactured rarity is manufactured rarity, be it in 2020 or 1920. |
" Manufactured Rarity" -- I like that..
[QUOTE=Bored5000;2011166]To me, that is some pretty generous logic to say that manufactured rarities from 100 years were more pure because manufacturers were just trying to scam collectors with cards that were impossible (or virtually impossible) to attain.
The lack of set collecting today isn't better or worse; it is just how the hobby has evolved. Manufactured rarity is manufactured rarity, be it in 2020 or 1920. ..http://imagehost.vendio.com/a/204295...IGSCAN_NEW.JPG it is time for a pre-war card to make an appearance.... soooo...how good are your eyes ?? .....I was unaware of the term " manufactured rarity" until this post , but now at least I know what to call this Dixie Premium of Old Double X --- the story I got from the New Jersey seller , about thirty years ago ? , was that the grandfather had worked for the printers who had had the Dixie Ice Cream contract and that this 1938 printers'proof/office copy set of four color premiums was just sort of gathered up and walked out the door when Gramps got his "Greetings" draft board letter in December of '41 ; he was originally from Boston and was a fan of Jimmie Foxx and figured it was being wasted sitting in the back of a filing cabinet. .....it is the only one I've ever seen without the two punched holes.. A borrowed "manufacturing rarity" ; I'm hoping that the New Jersey statute of limitations for receiving stolen property has run out. .. .. |
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I would disagree. The time to buy in is when the price is low. Disregard that the market is hot right now, I think many people are believing that Trout is the next Derek Jeter. Jeter is one of the few players I can remember that never saw his RC reduce in value. If that ends up being true about Trout, then buying now would be a good investment. Personally, I don't chase scarcity - I buy the Cincinnati Reds! LOL |
I wonder if Vegas Dave pumped his own auction
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These type of headlines mega sales and all the media hype are feeding the fire, we haven't seen anything yet - past buyers are returning plus thousands of new collectors, investors are jumping on the band wagon! (buying vintage and modern, especially basketball )
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I think The aphorism "a rising tide lifts all boats" may apply in this case. The hype surrounding this card sale may help raise the prices in the short term of other Mike Trout cards. Whether it can be sustained is the question.
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Another rare item. Just picked up today. Practice ball.
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Here is. Great read. Everyone trying to understand what is going on in the business , and any vintage collector should read
And look at quote about Wagner and what it would sell for today.... https://www.washingtonpost.com/sport...dg7DX-0L68fCr0 |
The 1993 SP Derek Jeter PSA 10 was under a pop 10 and $6,500 when I got serious about buying cards in 2009. Considered the most over valued card in the hobby on every message board. At $15,000 it was insane and there was no where to go but down.
There is one of these and only one person can say they own the Super Refractor. In 1986 the Donruss Jose Canseco was the card. Peaked at $120 in the Beckett. Anyone with enough money could get one. No matter how deep your pockets are only one person can say they own this card. I don’t pretend to know if this is a good buy or a bad one but the price is a function of our current reality. How much would a Jordan rookie 1/1 be? There are 313 PSA 10’s at an average of $75,000 so it has a market cap of nearly 23.5 million just in that grade from PSA alone. The closest substitute is a numbered to five card. The artificial scarcity has worked year after year with sports cards and this guy just happens to be the best player in the league at the moment. If someone put a gun to my head and said you have to pick a direction my bet would be up. |
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The 1916 Sporting news Ruth is by far the most graded card in that set. The Mantle is a double print. All more common than hundreds of other cards even before the whole 1/1 thing began. Many of the prewar cards had really small print runs by modern standards. So I'm not sure just what you count. Both George C Miller and US Caramel deliberately made very few of one card in a set, and Goudey trying to be sly and simply not making a card to push more sales is well known. (The first 0/0?) Would I spend 4 million on a Trout card? No. But not because it's rarity is somehow fake. |
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If I'm not paying, I take the Trout. Then I can flip it and buy a couple Wagners. If I'm not fussy about condition, I might even be able to get all three backs. |
It's funny to me the disdain and annoyance that some vintage collectors (my primary focus) have towards modern cards and to some extent the prices they command. One is old, one is new. At the end of the day it's all pictures of dudes from a sport we love or like, and to 99.99% of the world spending even $500 on a baseball card is absurd. The current excitement in modern collecting world is great for the hobby because A) it cements the next generation of hobby members and B) the majority of "vintage" collectors start with current issues and begin working backwards.
Personally, I have no shock this card reached this value. If you even minimally follow the game on a daily basis it's clear he the best all-around player in the game and a multi-generational talent. Other members have mentioned names like Fidrych and Lindros and questioned his hobby future should he be injured tomorrow. It makes me wonder if they even currently follow the game. He's not a hyped prospect or the latest sensation. He is universally recognized as the best player in the game without question. In 8 full seasons (on primarily a losing team) he has finished 2,2,1,2,1,4,2,1 in MVP voting. He will be top 50 in career WAR for position players after 8.5 seasons following the abbreviated 2020 year. That stated, this is his singular most important card and given the current state of economic investments this price doesn't shock me. It might not be your cup of tea but be happy the hobby is rolling forward. Quote:
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What about all my stuff from the home shopping network in the 80s that was guanrarees to go up and I could retire with the proceeds? Just didnt say when I could retire, where, or how long!
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Arod
Bonds Cabrera Manny all better hitters.........that "could" change in 10 years, but as of now. |
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3 of those guys needed help (PED's) with their numbers so Cabrera would be the only one without PED ties. |
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Bonds - .281/.388/.914 --- 222HR --- 679RBI --- 801Runs --- 71.9WAR Arod - .301/.368/.935 --- 298HR --- 872RBI --- 881Runs --- 55.9WAR Miggy - .311/.384/.931 --- 247HR --- 879RBI --- 741 Runs --- 39.7WAR Manny - .312/.406/1.003 --- 275HR --- 924RBI --- 753Runs --- 36.0WAR Trout - .305/.417/1.097 --- 295HR --- 777RBI --- 920RUNS --- 73.5WAR Quote:
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Hard to know if any of them are clean, especially Pujols... but wouldn’t surprise me if Cabrera and Trout juiced as well.
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Crazy world.....
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I can't tell a lie......I bought a BGS 9.5 Signed Trout RC Refractor (the one that there are 500 of) about a year ago for a tidy sum but it still rocketed over 100% in the last year.......
Literally sold the Trout RC this week to a private collector. It paid entirely for my new REA win of a 1952 Topps Mantle (my 1st one ever) which by the way set a world record for a PSA 1! Undergraded IMO! :) The "swap" was not planned but after my Mantle "coup" I was offered an insane amount for my Trout. I pulled the trigger and still had enough left over for a nice dinner or two! :) Crazy world indeed! :) Peace, Mike Attachment 415216 |
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Sent from my SAMSUNG-SM-G930A using Tapatalk |
Yes!
Thanks Tim......been doing that since 1976.......it has treated me very well!
Buy what you want and/or buy the card not the grade! Words to live by and pay your mortgage by! :) Peace, Mike |
I would suggest that this entire discussion - on this forum - is like "preachin to the choir" as I would think that given the choice - 99.99% of the members on this forum would opt to own either the Wagner or the Mantle without hesitation over the Trout card.
Other forums (CU?) maybe not so much - The cards that we all collect are much more than some uber investment - they connect us with our past. They bring back memories of bicycle spokes and card flipping, and mowing grass or shoveling snow in order to purchase a couple packs of the unknown at our local neighborhood market. These 2 mindsets are light years apart and I doubt if they will ever merge. I'm good with that. |
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A gold star marine family I thank you for your service but this attack on mike trout is beyond ignorant. And yes ted was a great patriot but he was also an asshole to many of his fans. They didn’t call him the spitter because he was a nice guy. And he was very arrogant wouldn’t even recognize the crowds appreciation after his final hr. Yes was an amazing person in many ways but also an asshole in many. I have never heard anything but compliments on Mr. trout and his interactions with fans. Military service is honorable but that doesn’t mean you are a better person simply for having done it. And I hate to break it but very few people collect cards of military heroes compared to those of athletic heroes. |
This hobby is in a very bad place. Shady pump and dump groups no different than slimeball boiler room hucksters. A veritable cottage industry of chop shops supplying TPGs with trimmed submissions by the boatload. The selfish shaking pom poms at the ever rising fake sales of doctored cards because they like the value of their collections going up. Then the marks believing the hype who go and buy into a market fueled on so much shade, thereby contributing real sales after the fake. It has nothing anymore to do with the games or their legends or the cards— it’s just some guys out there trying to 2x or 10x their money in a fast way.
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Well, when you print $7 trillion, stuff happens. Stock market is like this too. See TSLA!
But many cards were undervalued if demand increased a little. We’ll see what happens. World is fragile, perhaps, but as we continue to print money and dollars get more worthless, this stuff will continue. |
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great point. I am going to play devils advocate . I think I'd take the Trout over the Wagner. I have seen Trout play in person, seen him his entire career. Seen the videos of him playing catch with a kid in the stands. I feel a much more personal connection to a player I can watch hit tonight. Collecting is very personal. There's one thing we all can agree on though, buy what you like! |
Having lived through a few vintage card booms and busts, I would only offer one piece of advise during uncertain times, which we are certainly experiencing at the moment, and that is to buy value players and hold them when shocks come. Given their records and life stories, Mantle Cobb, Ruth and Gehrig cards will always hold value in tough times, but so will Matty, Wojo and Hornsby, Foxx, Clemente, Koufax, Mays etc.
As far as the Trout card is concerned, I just don't know, but the 4m price tag certainly represents a paradigm shift in the new card market. |
The Bubble?
Trout card going for $4 mill is like a high flying tech stock rising on momentum. No one can really say why it has risen so fast. There are speculators willing to bet on continued rise. It does not really matter to those speculators why it rises as long as there is someone willing to pay more. They will say it is unstoppable and a sure thing.
Cobb, Ruth and Mantle are the AT&T, Berkshire Hathaway like cards. They will rise in time and have strong fundamentals. Buyers want to own these cards for a long time and don’t think of their collection as a way to make a quick buck. Young card buyers love Trout. He is a great player who will make the Hall of a Fame. That does not mean his $4 mil card or any of these created rarities will survive the test of time. Maybe I am wrong but fundamentals matter. History matters. I would take Honus Wagner and sleep well knowing it will appreciate over time. Trout is a Vegas Dave card. Vegas and betting are the key words. |
Trout is the greatest player any of us will ever see, unless one of us was lucky enough to be around to see Ruth and is still alive today.
Do I think this card is worth the sale price? No. But I'm also very surprised at the cavalier attitudes people have toward Trout. You will never see another player like him as long as you live, and there has only really been two players in history before him (Ruth and Mantle) who you might have seen. Why not sit back and enjoy it? https://live.staticflickr.com/4640/2...3ecc83f41b.jpg https://live.staticflickr.com/65535/...74834329_c.jpg |
I think the analysis is a little bit off here, guys. Comparing this player to that player misses the mark. We should be comparing this card to that card. Trout cards in general (not the superfractor 1/1 type cards) represent a combination of things that simply were not present 75 years ago:
--Massive exposure through multiple forms of media that were not available to earlier generations: look at the media coverage of this card...there was never any news on baseball cards when we were kids. --Very intelligent marketing by companies that have far more data about consumer preference than ever before: the cards are carefully calibrated to deliver precisely what consumer feedback, which is nearly instantaneous with the various forms of social media, indicates. An example is the shift from sticker to on-card autographs in higher end limited cards, because the companies learned that collectors view the stickers with less regard than an on card signature, and they view a cut signature with some disdain, especially if it is miscut. --The purposeful creation of product that is meant for a wealthy adult population, not for kids popping packs at the corner candy store: if anyone has purchased higher end product in bulk from 'whole-tailers' like DA Card World, you can see that this is not something for kids. A case of 2020 Topps Heritage cost nearly $100 a box on pre-order. For my birthday in 1975 my parents bought me a complete box of cards, at a cost of $10. Modern premium cards are not kid's toys. --24/7/365 collecting opportunities: eBay, 10,000 auction houses, etc. In other words, constant trading and feedback on modern cards from pre-orders of new products to instantaneous markets on significant pulls, prized rookies and prospects, etc. --The recognition and acceptance of cards as an alternative form of investment: since the 1989 Upper Deck gold rush new cards have been the penny stocks for people who don't participate in the Wall Street casino. I do not know good stock from livestock, but I know and can understand where the value is in sports cards. Buying and breaking down a case of higher end product is a calculated investment/gamble given how good the manufacturers have gotten at sorting/collating the hits into the products. Bust a box and you will find that you nearly always get the number of hits you are supposed to; the quality of the hits varies. Pull a very low print run card of a superstar or prized prospect and you can pay for the entire box with a hefty profit, instantly. I've actually busted a box at the National, had a hit, and sold the card right to the dealer who sold me the box, at a profit. What I am saying, in short, is that viewing modern card purchasing and investing through a vintage collecting lens is a mistake. How a modern product purchaser/investor looks at things will never make sense to a vintage collector. These guys are about flipping and profiting, not loving a rare card. |
Another great discussion!
Obviously, as this is a discussion board about vintage baseball cards, the majority of us (myself included) would prefer a rare Wagner, Ruth, Cobb, Mantle, etc. to a Mike Trout card. However, in no way do I dismiss this recent Trout sale (as well as any future sale of that card) as any crazier than prices paid for blue chip vintage. I think a lot of current vintage collectors probably went through a time in our lives as younger collectors when we used to look longingly at those expensive vintage cards and couldn't imagine a day that we could someday own them. Fast forward to our current and future selves when we are lucky enough to be in a position in our lives to have some disposable income that we actually CAN have cards of Babe Ruth, Mickey Mantle, Ty Cobb, Willie Mays! And that is what has been driving the increased price/value in vintage over the last 20 years. Right now there are probably a lot of modern collectors/baseball fans in their twenties, teens, or younger that read about the sale of an almost $4 million dollar 1 of 1 Mike Trout card...and they can't imagine ever owning it. However, it will only take TWO of those kids to become wealthy in their future years to get into a bidding war for what, to them, is the ultimate baseball card. It's unlikely for that card to sell for more than 4 million in any auction coming up in the next year or so....but I wouldn't be shocked to see that card sell for 10 million, 50 million, 100+ million in 15 to 20 years. The same nostalgia that we feel for vintage cards is the same nostalgia that current collectors will feel when they hit that stage in their life/careers where they can collect/invest in things that make them happy and bring them back to their childhood. While a lot of us have a hard time understanding the allure of new, shiny, 1 of 1 cards, there is whole generation of collectors growing up with it. And in their lifetime, that Mike Trout card may come to be known as the pinnacle of collecting. Who knows how much that card might auction for in the future. |
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