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-   -   Cornering the market on one card? (http://www.net54baseball.com/showthread.php?t=89028)

Archive 03-04-2008 05:31 PM

Cornering the market on one card?
 
Posted By: <b>Eric</b><p>Has anyone ever tried buying up all they can of one single card?<br /><br />With some of these vintage cards having well under 100 graded examples... if someone were to collect a large quantity of them, would it increase the value dramatically since it would be harder for other collectors to acquire?<br /><br /><br />

Archive 03-04-2008 05:44 PM

Cornering the market on one card?
 
Posted By: <b>Shawn Chambers</b><p>I'm having flashbacks to "Silver Spoons" where Ricky (Shroder)and his distinguished grandfather (John Houseman) tried to corner the market on Tommy Lasorda rookie cards (which all seemed to have 1983 topps backs if I remember correctly...LOL). We all know how THAT turned out! Boy Erin Gray sure was hot when I was twelve...<br /><br />Shawn

Archive 03-04-2008 05:49 PM

Cornering the market on one card?
 
Posted By: <b>Zinn</b><p>Recall a fellow named Miller is cornering the market on all of his grandfather's 1911 Obaks and Zeenuts.<br /><br />I heard that Reggie Jackson also was enamoured by his rookie card and had a grunch.<br /><br />Certainly has an affect on market price especially with the Miller cards. The grandson will go whatever ends and price to pick up the cards.

Archive 03-04-2008 05:54 PM

Cornering the market on one card?
 
Posted By: <b>David Smith</b><p>At one time, a relative of Tommy Thevenow was doing that with his cards, especially the 1933 Goudey's.<br /><br />The downside to doing this is if you have a bunch of cards and they are somehow destroyed. Then, a somewhat rare card might become impossible to find.<br /><br />David

Archive 03-04-2008 06:07 PM

Cornering the market on one card?
 
Posted By: <b>scott brockelman</b><p>At one time there was a collector/dealer from the Houston area who shall remain nameless unless someone guesses his name, that was convinced he could corner the T206 market. He would buy them by the 100's or thousands, singles or whatever he could get. Needless to say it did not work.<br /><br />

Archive 03-04-2008 06:14 PM

Cornering the market on one card?
 
Posted By: <b>Pat</b><p>I remember a fellow with a ton of money was stopped on the NJ Turnpike by the State Police with a car full of Drakes Cakes sets. I don't think they were 1950's though.

Archive 03-04-2008 06:19 PM

Cornering the market on one card?
 
Posted By: <b>MVSNYC</b><p>Dan Koteles-<br /><br />post your Red Cobbs! <img src="/images/wink.gif" height=14 width=14>

Archive 03-04-2008 06:35 PM

Cornering the market on one card?
 
Posted By: <b>john/z28jd</b><p> I remember reading that Rocky Colavito's family bought up a bunch of his rookie cards hoping to corner the market. I got one a couple years ago just to make sure they can never do that! <img src="/images/happy.gif" height=14 width=14>

Archive 03-04-2008 06:43 PM

Cornering the market on one card?
 
Posted By: <b>Matt</b><p>There's a board member who tried to corner the market on a certain T205 card; perhaps he will way in...

Archive 03-04-2008 06:50 PM

Cornering the market on one card?
 
Posted By: <b>D. C. Markel</b><p>I too have heard that Reggie Jackson tried to corner the market on his '69 Topps rookie card. In fact a dealer friend of mine made a "find" of several '69 vending boxes from that same series in the late '80s and sold all 23 rookie cards he pulled from that find and made the deal with Reggie in person.<br /><br />I also know a person who tried to corner the market on vintage PSA 10 cards (basically cards from the early '50s to the mid-70's). Needless to say, that venture failed.

Archive 03-04-2008 06:57 PM

Cornering the market on one card?
 
Posted By: <b>Jerry</b><p>Scott, I have lived in Houston all my life and can't think of a collector/dealer that was hoarding t206's. What decade was this in? Larry Diluhy & Tom Kennedy were biggest collector/dealers in the 70's & 80's in Houston.

Archive 03-04-2008 07:00 PM

Cornering the market on one card?
 
Posted By: <b>scott brockelman</b><p>This was 1990's early 2000's, he was not a full time dealer, but used to have a card company and website. <br /><br />Scott

Archive 03-04-2008 07:12 PM

Cornering the market on one card?
 
Posted By: <b>SC</b><p>You'd just have to be very selective on what you chose. The item would need to have:<br /><br />1) Inherent demand - if the goal is to move the market, you're going to need people who want the card as well. Otherwise, no one is going to care if they can't get a particular card, if there's no real desire for it.<br /><br />2) A reasonable quantity. If the item is too rare, it already suffers from a lack of demand because collectors can't want more what they already can't have. Equally, good luck trying to get a card that can still be found in bricks! <br /><br />3) A price/quantity total that is within reason. Of course, they will tend to average, as many more expensive cards are that due to scarcity, or visa versa.<br /><br />In looking at it, I would target a card as follows:<br /><br />A 1950s Topps card - pre-57 there's still some scarcity (in relative terms) to Topps cards compared to anything later, and prewar cards as a whole just don't have the market appeal of the baby boomer generation players.<br /><br />A major HOF rookie, but not Mantle as he's just too expensive<br /><br />My thought would be to go after the rookie cards of Aaron, Banks, Kaline, Clemente, or Koufax. I would probably choose Aaron or Koufax because they have the widest market appeal. <br /><br />How many Koufax RCs are on the market? eBay shows 10 active (1955 topps koufax search) and 40 in stores. Are there more than 1000 Koufax's in the available market? Maybe if you want to narrow it further, only go after Koufax RCs in 7 or better.<br /><br />IT's a couple hundred thousand dollar project, but it would be interesting.

Archive 03-04-2008 08:03 PM

Cornering the market on one card?
 
Posted By: <b>Rawn Hill</b><p>I'm trying to get all of the low grade T206 Carringan's from the market, so if you should care to help with my endever, please do so.<br /><br />Rawn

Archive 03-04-2008 08:24 PM

Cornering the market on one card?
 
Posted By: <b>Bob</b><p>The problem with all this is that disgruntled collectors who need a particular card to complete a set or subset are going to eventually start running up the bids against the buyer. The Miller card has been mentioned and I have seen several Obak and Zeenut Millers go much, much higher than they should because frustrated collectors have decided to make his grandson (I believe) pay through the teeth for them.

Archive 03-04-2008 08:26 PM

Cornering the market on one card?
 
Posted By: <b>Bob</b><p>Scott- I remember who you are talking about. I think his website was T206.com and he was buying up all the 206s he could lay his hands on. He was undone by ebay, IMHO.

Archive 03-04-2008 09:15 PM

Cornering the market on one card?
 
Posted By: <b>Andrew</b><p>I had nine 1964 Topps Stand-up Yastrzemski's...a long way from a monopoly.<br><br>"Take your life in your own hands and what happens? A terrible thing: no one to blame." -- Erica Jong

Archive 03-05-2008 04:52 AM

Cornering the market on one card?
 
Posted By: <b>Scott M.</b><p>When I was collecting as a kid in 1974 I thought I had the market cornered on Bill Russell of the Dodgers as he showed up in EVERY damn pack I bought that year.<br /><br />When I went to trade with my neighborhood friends, sadly, I found they each had at least 5-10 Bill Russells as well <img src="/images/sad.gif" height=14 width=14>

Archive 03-05-2008 05:41 AM

Cornering the market on one card?
 
Posted By: <b>Andy Cook</b><p>In the early 80s I corned the market on Mariano Rivera slurpe discs.

Archive 03-05-2008 06:06 AM

Cornering the market on one card?
 
Posted By: <b>Scott Levy</b><p>Matt,<br /><br />Are your referring to T205 Matty cycles LOL. The problem with someone like me trying to corner the market on something like that is that as a collector there are always things that I'd rather have than the 10th Matty cycle card -- Just ask Brian W.<br /><br />I also remember back in the 1980s a certain someone buying up all the doyle hands above head cards with the hope of finding a few more NY NAT'L ones. Look like that worked out pretty well.<br /><br />Regards,<br />SGL

Archive 03-05-2008 06:26 AM

Cornering the market on one card?
 
Posted By: <b>Trae R.</b><p>It would be awesome to see all of Dan's Red Cobbs!<br><br> <br /> <br /> <br />---<br />"There ain't much to being a ballplayer, if you're a ballplayer."<br />-Honus Wagner

Archive 03-05-2008 06:51 AM

Cornering the market on one card?
 
Posted By: <b>Darren</b><p>In the late 80's as a high schooler I tried to corner the market on 1988 fleer Greg Jeffries because those damn 1988 donruss's were just too plentiful.

Archive 03-05-2008 07:07 AM

Cornering the market on one card?
 
Posted By: <b>peter ullman</b><p>I started to hord t206 g. browne...chic versions...I got to 4 or 5 of them before I lost interest in addition to realizing they were very common.<br /><br />pete in mn

Archive 03-05-2008 07:12 AM

Cornering the market on one card?
 
Posted By: <b>Jason L</b><p>how many red Cobbs does Dan K have?!<br /><br />Dan, please illustrate!<br /><img src="/images/happy.gif" height=14 width=14><br /><br />I only have 17 of that color.

Archive 03-05-2008 07:16 AM

Cornering the market on one card?
 
Posted By: <b>Dan</b><p> I guess a good case study would be to buy up the modern serial number cards. I know I have (2) of a Greg Maddux card that was serial numbered to 25. It would be interesting to see if you had them all, what it would do to the market.

Archive 03-05-2008 07:19 AM

Cornering the market on one card?
 
Posted By: <b>Zinn</b><p>I had 17 T206 Downey Batting at one time. Can't recall why.

Archive 03-05-2008 07:20 AM

Cornering the market on one card?
 
Posted By: <b>MVSNYC</b><p>i'll let Dan chime in, but from what he has said, he was going for 50, i think he had 40-something, then sold a few, i believe he has around 30 now...<br /><br />Dan?

Archive 03-05-2008 07:34 AM

Cornering the market on one card?
 
Posted By: <b>Brian</b><p>Let me start off by saying that my intention was never to drive the prices up of the particular cards that I collect, but ultimately by buying as many cards of my great-grandfather as I can find, it does create a reduced supply. Bob pretty much nailed it. You can get away with it for just so long before others that want the card realize they are going to have to bid higher to have a shot at aquiring one.<br /><br />My first T212 was $25, the last two were over $200:<br /><br /><a href="http://smg.photobucket.com/albums/v739/millerbr/bullet/?action=view¤t=100_6948.jpg" target="_blank"><img src="http://img.photobucket.com/albums/v739/millerbr/bullet/100_6948.jpg" border="0" alt="Photobucket"></a><br /><br />My first Zeenut cost $38; the last Zeenut I bought ended up closing over $500 on eBay I think:<br /><br /><a href="http://smg.photobucket.com/albums/v739/millerbr/bullet/?action=view¤t=100_7299.jpg" target="_blank"><img src="http://img.photobucket.com/albums/v739/millerbr/bullet/100_7299.jpg" border="0" alt="Photobucket"></a><br /><br />So, to answer the original question, collecting a large quantity of a single card does have an effect on the market. I have no intentions of ever selling any of my cards (although I would consider a trade for a 1912 Zeenut), so increased prices only hurt me. I think the supply is starting to dry up; it has been almost 8 months since my last purchase.

Archive 03-05-2008 07:48 AM

Cornering the market on one card?
 
Posted By: <b>Zinn</b><p>I'm suspecting that these pictures are making a few people sick to their stomachs.

Archive 03-05-2008 08:00 AM

Cornering the market on one card?
 
Posted By: <b>peter ullman</b><p>especially the first one...dizzying!!!

Archive 03-05-2008 08:02 AM

Cornering the market on one card?
 
Posted By: <b>Brian</b><p>And I could probably name most of them. Unfortunately, you don't make many friends with this type of collecting (except with the sellers I guess). Most people at least understand why I do what I do, but I have had exchanges with some collectors that I feel were not called for.

Archive 03-05-2008 08:06 AM

Cornering the market on one card?
 
Posted By: <b>leon</b><p>Nice cards.....If someone wants to buy them when they come on the open market all they have to do is pay more than you....I don't see that much harm in it.. It's no different than when I/we compete for any other card, imo.....

Archive 03-05-2008 08:09 AM

Cornering the market on one card?
 
Posted By: <b>peter ullman</b><p>brian...i have no issue with your collection either...collect what you like/want! It certainly must be easy to keep your focus!

Archive 03-05-2008 08:12 AM

Cornering the market on one card?
 
Posted By: <b>T206Collector</b><p>I had the inclination to corner the market for signed T206 cards. In fact, most of the signed cards that came onto ebay from the Pittsburgh find were shown/offered to me before they hit ebay. Economically, it stopped making sense for me to buy the doubles, so I let them go onto ebay. <br /><br />And that has been a double-edged sword. It brings down the prices of the signed cards somewhat so new acquisitions are not so expensive. But it also means resale is not particularly high. Moreover, I have found that when I do not bid on a signed pre-war card, it goes for well under what I would have paid for it if I didn't have a double of it already in my collection. <br /><br />But finally, it is actually good for the market to have some people with access to these cards in their collection. That actually generates interest in the cards and makes them more valuable over the long term. <br><br>_ <u> </u> _ <u> </u> _ <u> </u> _ <u> </u> _ <u> </u> _ <u> </u> _ _ <br /><br />Visit <a href="http://www.t206collector.com" target="_new" rel="nofollow">http://www.t206collector.com</a> for my blog, interviews, articles, card galleries and more!<br /><br />

Archive 03-05-2008 11:00 AM

Cornering the market on one card?
 
Posted By: <b>Cobby33</b><p>I tried that with the T206 New Orleans players (not truly a "corner," but wanted a good majority). Seemed somewhat conceivable judging by the population reports, but there are SO many raw examples out there, it became impossible.

Archive 03-05-2008 11:21 AM

Cornering the market on one card?
 
Posted By: <b>Anthony S.</b><p>It's just a matter of time before the 17,300 1979 Topps Johnnie LeMaster cards I've hoarded are reflected in the marketplace. I can feel it.<br /><br />edited to add: I just checked my Obak set checklist and realized I don't have Miller yet. Sigh.

Archive 03-05-2008 11:24 AM

Cornering the market on one card?
 
Posted By: <b>Anonymous</b><p>those pictures are just amazing!

Archive 03-05-2008 11:42 AM

Cornering the market on one card?
 
Posted By: <b>Jeff Lichtman</b><p>Brian -- I think it's cool what you're doing. You're not doing anything wrong as these cards were available on the open market and you just paid more than anyone else.

Archive 03-05-2008 11:51 AM

Cornering the market on one card?
 
Posted By: <b>Zinn</b><p>I don't think anyone is suggesting that what Brian does is wrong.<br /><br />But Jeff, think about it, how would you feel if I started to hoard all of the Zinn cards. <img src="/images/happy.gif" height=14 width=14><br /><br /><img src="http://i52.photobucket.com/albums/g5/jacklitsch1/Zeenut%20Run/Z31Zinn.jpg">

Archive 03-05-2008 11:58 AM

Cornering the market on one card?
 
Posted By: <b>barrysloate</b><p>As noted, all Brian does is try to be the high bidder on each individual auction. I bet there are a few that he lost too (maybe not).<br /><br />There are two known 1932 U.S. Caramel Lindy Lindstroms and the Fritsch family has them both. They've cornered the market on that one.

Archive 03-05-2008 12:59 PM

Cornering the market on one card?
 
Posted By: <b>Richard Masson</b><p>Who has the only Maple Crispette Stengel?

Archive 03-05-2008 01:02 PM

Cornering the market on one card?
 
Posted By: <b>boxingcardman</b><p>The family connection makes it all the more fun. I have six copies of my cousin's exhibit card and two copies of the Ring magazine he was on the cover of, and I try to win them whenever I see them. <br /><br /><a href="http://imageevent.com/exhibitman/interestingexhibitcards" target="_new" rel="nofollow">http://imageevent.com/exhibitman/interestingexhibitcards</a><br><br>Sic Gorgiamus Allos Subjectatos Nunc

Archive 03-05-2008 01:17 PM

Cornering the market on one card?
 
Posted By: <b>Brian</b><p>Thanks for the comments, the majority of the collectors here are great.<br /><br />7 of my 28 T212s are graded (I submitted one of them) to give you some idea of what is out there raw vs graded.

Archive 03-05-2008 01:48 PM

Cornering the market on one card?
 
Posted By: <b>Andy Cook</b><p>I think you could make the argument about not only hoarding individual cards (e.g., T212 Miller), but anyone who's hoarding cards of a tough set that they're "corning the market". There are a number of sets where the majority of all the cards are in the hands of a relatively small number of collectors and unless one of them decides to liquidate -- it's unlikely anyone else could have a legitimate shot at collecting that set. For example, I know of four large collections of T213-2 (including mine) and unless one of us decides to break it up (I'm not) -- no one else is likely to get close to this set. There are a number of examples of set collections like this. On a personal note, I hope to get a T212-2 Miller so that I can complete my set (need about 30), but if the worst thing in my life is that I have a little tougher time finding a baseball card, I'm not going to sweat it.<br /><br />Andy<br /><br />PS - I liked my Great Grandfather very much and if he had been on a card, I would hoard it too. He was a huge baseball fan and had seen everyone play - Cobb, Young, Wagner, Matty, you name it.

Archive 03-05-2008 03:01 PM

Cornering the market on one card?
 
Posted By: <b>cmoking</b><p>"At one time, a relative of Tommy Thevenow was doing that with his cards, especially the 1933 Goudey's."<br /><br />I believe that is still the case, but he isn't bidding as strong as he used to.

Archive 03-05-2008 04:42 PM

Cornering the market on one card?
 
Posted By: <b>James Gallo</b><p>Brian<br /><br />What is your reasoning behind just getting so many of one card?<br />I understand he is your grandfather and all but what is the point or purpose? I see nothing wrong with it, just want to understand the motive behind it.<br /><br /><br />There is a limit and everyone has it. I was trying to get all of a Ryan Howard rookie that is limited to only 900. I think I got to about 15 when I just lost interest, there are too many other things I would like to have and are more interesting then multiples of the same card. There are a select few cards that I do try to buy whenever they come up mostly because I feel they are under valued.<br /><br />I don't think this would work. Recently there was a collector that want 15-20 e-90 Jackson cards. At one point I think he had 15 and started selling. Well when he was buying he pushed the market and now that so many have gotten out so quickly the market has dropped off a great deal. The one I sold him sold recently for a couple thousand then he paid. I know he took a hit and I just don't get the need or desire to horde a card especially one that expensive and especially when you go out of your way to aquire them.<br /><br />James G<br><br>Looking for 1915 Cracker Jacks and 1909-11 American Caramel E90-1.

Archive 03-05-2008 05:13 PM

Cornering the market on one card?
 
Posted By: <b>Andrew</b><p>Only four shown, but I had six at one point. Yes, I was probably the only one who cared.<br /><br /><img src="http://photos.imageevent.com/littletreasures/yaztoppsvenezuelan/websize/y67Vens.jpg"><br><br>"Take your life in your own hands and what happens? A terrible thing: no one to blame." -- Erica Jong

Archive 03-05-2008 05:13 PM

Cornering the market on one card?
 
Posted By: <b>Ken McMillan</b><p>At one time I had 23 Elmer Miller cards, does that count?

Archive 03-05-2008 05:15 PM

Cornering the market on one card?
 
Posted By: <b>Brian</b><p>I got my Miller.

Archive 03-05-2008 08:07 PM

Cornering the market on one card?
 
Posted By: <b>Rich Klein</b><p> Who for some reason decided to corner the market on 2001 Bowman Chrome Ron Davenport Cards. I think they are limited to 500 IIRC and all signed -- but because of this collector -- this card of this player who has going into this year all of 12 spring training at-bats is cataloguing at several times the value it should be it at compared to the other commons in this set.<br /><br /> And does Teddy Z know the Philadelphis Urban Legend about Fred Wenz who allegdly upset some collector so much that they snap up just about every 1971 Topps card of his they find and get them out of circulation.<br /><br /> I used to buy so many Joe Cunningham cards in the 70's-80's because he was the only player from my home town that I believe CCP used to list him at a slight premium because I had wiped out so many dealer stocks of his cards. Now, of course, no one really cares<br /><br /> Regards<br /> Rich

Archive 03-06-2008 04:05 AM

Cornering the market on one card?
 
Posted By: <b>Brian</b><p>James,<br />When I was growing up my parents had an Obak and a Zeenut that my great-grandmother had left to them and I was always fascinated with those, so I am sure that is part of it. The other part is that it is nice knowing these will be in the family. At some point my collection will be distributed to my sister and cousins, and all of their kids.<br />I think you are right about this strategy setting an artificially high price. If I were to dump all my cards onto the market at once, they would probably sell for $25 instead of the $200+ they are going for now.<br /><br /><br />Brian,<br />Congrats! Where did you end up finding it?

Archive 03-06-2008 04:14 AM

Cornering the market on one card?
 
Posted By: <b>Brian</b><p>I have had it for 3 or 4 years, its SGC 5 or 6 -- can't remember.

Archive 03-06-2008 06:01 AM

Cornering the market on one card?
 
Posted By: <b>Steve Murray</b><p>Skinned to the bone but I got one <img src="/images/happy.gif" height=14 width=14><br /><img src="http://i52.photobucket.com/albums/g5/jacklitsch1/1911%20Zeenut/Miller-1.jpg">

Archive 03-06-2008 12:32 PM

Cornering the market on one card?
 
Posted By: <b>Addie_Joss</b><p><br /><br />why not just have a few of your grand-father's cards? i still don't understand why you have to have ALL of them.

Archive 03-06-2008 12:35 PM

Cornering the market on one card?
 
Posted By: <b>Jim Dale</b><p>Well I don't want to mention, but its not vintage anyway.<br /><br />Hoarding only matters if the card is part of the registry and there is heavy registry competition; why else would anyone care if you had "all' the cards. That said the PSA registry says there are 11 PSA 9's of my favorite player from the mid 70's and I have 7 of them. Problem is the other 2 are in 100% complete sets....argh. So I doubt I will ever see those two which makes my venture worthless (though since he's my favorite player its still fun).

Archive 03-06-2008 12:50 PM

Cornering the market on one card?
 
Posted By: <b>Dave Hornish</b><p>Hoarding also matters in the raw card world. I forget the player but somebody in the 90's was buying up every '58 Topps cards of one individual (I think on the White Sox). There was an SCD article on it and it explained he had over 400 examples of the same card. It was affecting the supply of that card from what I remember. This happens with other Topps cards too, like the 65 Murakami (sp?) rookie that got hot when Ichiro came to Seattle. That card was hoarded by 3 or 4 individuals and it quadrupled in price quickly from what I can remember. <br /><br />In the pre war world, the T206 Doyle Hands above head was hoarded (and that hoard largely lost to the hobby) and it has affected prices.

Archive 03-06-2008 01:49 PM

Cornering the market on one card?
 
Posted By: <b>boxingcardman</b><p>especially if the cards aren't that easy to find anyhow and they aren't on too many cards to begin with. My cousin is on 3 cards: 1928 Exhibit, 1927 York Caramel E211 and 1951 Ringside. I have the only E211 I've ever seen of him. I'd never bother with a 1951 Ringside hoard; I could likely amass them into three figures and still see more, so I am not worried about not having a ready supply of them (as it is I have a nice one slabbed, a lower grade one that fits my raw set and an autographed one I recently acquired, but short of an uncut two-card panel or an ad panel version, I'm done). But with tough cards like Obaks or Zeenuts or other prewar cards, I suppose the thinking is that there can't be that many out there and your extended family might want them some day, so you grab what you can. At least that's how I rationalized my purchase of a duplicate 1928 Exhibit in a color and back combo I already had. <br><br>Sic Gorgiamus Allos Subjectatos Nunc

Archive 03-06-2008 01:58 PM

Cornering the market on one card?
 
Posted By: <b>Matt</b><p>Question for the economists:<br />When attempting to hoard a card, as the market finds them to be more scarce due to buying up, the cost of acquisition will increase. Once hoarding is finished, presumably, the price you will get for selling the first 1, would be proximal to what you paid to buy the last one, since the scarcity is virtually the same at that point (actually, it might bring in less, since the most aggressive bidder has retired). Of course, as you sell out the rest of the stock, the market will return back to earth and you'll end up selling them for about what you bought in for in the first place. <br />The question is, where is the money to be made?<br />Unless you have a way of cornering the market that won't have anyone notice, please explain how you could sell the cards in a manner that would bring in significantly more then you paid for them.

Archive 03-06-2008 02:23 PM

Cornering the market on one card?
 
Posted By: <b>Todd</b><p>under the scenario you described, the hoarder will likely have to wait, and will have projected time as his ally. Since supply is theoretically fixed, he can only make money if demand increases (unless some fool or two bid amounts that don't reflect market sales). So he waits for player collectors, team collecors and set collectors to bolster their collections to the point where they are looking very hard at acquiring this particular card and are having trouble finding it, then he releases one and waits for the feedng frenzy. Of course, all this assumes that other economic factors, especially overall disposable income, remain substantially the same.

Archive 03-06-2008 02:28 PM

Cornering the market on one card?
 
Posted By: <b>Matt</b><p>Todd, but as he releases them, won't the demand decrease as well?

Archive 03-06-2008 02:44 PM

Cornering the market on one card?
 
Posted By: <b>john/z28jd</b><p> Addie,Brian answered the question above pretty good.He said he wants to eventually give one to basically everyone in his family,thats hard to do if your family is bigger than the amount of cards you have.

Archive 03-06-2008 02:56 PM

Cornering the market on one card?
 
Posted By: <b>Todd</b><p>certainly, demand is decreased by one with the release of every card. That is why the hoarder either needs to make his killing in the first few sales or hope that the number of collectors (demand) has increased so much over time that there will be competitive bidding all the way through the sales of his cards. BTW, I made at least one probably inaccurate assumption--that the economy stays the same. I believe that vintage cards have historically increased in value and will continue to do so; thus, the hoarder in general should receive a higher price than what he paid for each card (although I make no comment on the return vs. other investments nor do I account for inflation).<br /><br />I recognize that not all or maybe even most hoarders are in it for the money, as there are other reasonable motivations in play as well.

Archive 03-06-2008 03:27 PM

Cornering the market on one card?
 
Posted By: <b>LetsGoBucs</b><p>Depends on the steepness of the demand curve.<br /><br />Hypothetically the "price" of a card is at the intersection of the supply and demand curves. At a certain price more people will sell their cards (increasing supply) and at lesser prices more people will hold their card as they prefer the card to the money.<br /><br />If at the top end of the curve there are individuals who would pay many times what the market price is then you have the potential to earn "economic rent" - or profits. Your challenge though will be to find those buyers at the top and you have to assume they remain in the market over time.<br /><br />The poster who said you'd have to use time as one of your elements is correct. New buyers represent new points on the demand curve and they will view the market differently that older buyers.....there is a "stickiness" to prices because existing buyers have an emotional element about seeing prices change. New buyers are less emotional about the price as they have no previous reference point.<br /><br />Cornering the market and profiting is difficult to do. You really need to find a good that is either providing much greater value to the consumer or a key component in a high margin product produced by businesses. So if some material xyz was a key component in making widgets but only made up 5%of the cost of the widget, and widgets had a gross margin of 80%, businesses would still pay four or five times the existing price for xyz (assuming no substitute). On the consumer side, substitution usually results as consumers buy something else to give them enjoyment or take care of whatever task the item helps them with.<br /><br />In the example of the Lindstrom card, most people simply accept their sets complete without it and move on with life - I would expect that the same is true with most cards.

Archive 03-06-2008 03:46 PM

Cornering the market on one card?
 
Posted By: <b>Todd</b><p>while I don't disagree with your explanation as to various points on a demand curve, I believe the infusion of additional collectors, particularly on any meaningful level, shifts the entire demand curve to the right/upward, thereby increasing price. Also, it is possible that supply/demand analysis could be impacted by a Veblen effect, particularly this hobby <img src="/images/happy.gif" height=14 width=14><br /><br />I haven't had to use many of these concepts in conversation for thirty years, and would defer to those who do this for a living.

Archive 03-06-2008 03:48 PM

Cornering the market on one card?
 
Posted By: <b>boxingcardman</b><p>and an econ class broke out.<br><br>Sic Gorgiamus Allos Subjectatos Nunc

Archive 03-06-2008 04:25 PM

Cornering the market on one card?
 
Posted By: <b>Rawn Hill</b><p>My only motive is to buy all of the cards of my favorite player that I can. I have never sold a card in 30 years of collecting. I am of the opinion that you collect what you enjoy. I started in this "hobby" only for the enjoyment of collecting the things that I thought deserved to be preserved. I had no idea that this would turn into a sports stockmarket.Therefore I will continue to pursue my love of this "hobby".<br /><br />Rawn

Archive 03-13-2008 04:57 AM

Cornering the market on one card?
 
Posted By: <b>Brian</b><p><a href="http://www.hugginsandscott.com/cgi-bin/showitem.pl?itemid=8261" target="_new" rel="nofollow">http://www.hugginsandscott.com/cgi-bin/showitem.pl?itemid=8261</a>

Archive 03-13-2008 05:13 AM

Cornering the market on one card?
 
Posted By: <b>dodgersin9</b><p>I closely follow the 1971 Topps market and I came across this:<br /><br /><a href="http://www.vintagecardprices.com/card-profile/index.php?card_id=136761&a=1&grd=8&grdr=PSA" target="_new" rel="nofollow">http://www.vintagecardprices.com/card-profile/index.php?card_id=136761&a=1&grd=8&grdr=PSA</a><br /><br />Seems that someone is trying to buy up all the PSA 8 Blyleven RCs. It makes me wonder what is the buyer's motivation.<br /><br />

Archive 03-13-2008 05:14 AM

Cornering the market on one card?
 
Posted By: <b>Ray</b><p>I'll never corner the market on these, but I pick them up when they're cheap. I have a handful of raw ones I need to scan, too.<br /><br /><img src="http://i17.photobucket.com/albums/b63/gotsparks09/PC%20-%20Lynn%20Nelson/Goudey1.jpg"> <img src="http://i17.photobucket.com/albums/b63/gotsparks09/PC%20-%20Lynn%20Nelson/Goudey2.jpg"> <img src="http://i17.photobucket.com/albums/b63/gotsparks09/PC%20-%20Lynn%20Nelson/Goudey3.jpg"> <img src="http://i17.photobucket.com/albums/b63/gotsparks09/PC%20-%20Lynn%20Nelson/Goudey4.jpg"> <img src="http://i17.photobucket.com/albums/b63/gotsparks09/PC%20-%20Lynn%20Nelson/Goudey5.jpg"> <img src="http://i17.photobucket.com/albums/b63/gotsparks09/PC%20-%20Lynn%20Nelson/Goudey6.jpg"> <img src="http://i17.photobucket.com/albums/b63/gotsparks09/PC%20-%20Lynn%20Nelson/Goudey7.jpg">

Archive 03-13-2008 07:29 AM

Cornering the market on one card?
 
Posted By: <b>Sean BH</b><p>I'm guessing the buyer of the Bert Blyleven cards is thinking he will make the hall of fame?<br /><br />Considering how high the prices are now I doubt they will go up too much higher if he makes it.<br /><br />sdbh


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