Quote:
Originally Posted by Rhotchkiss
Btw- I could site dozens of other recent examples- I just have better things to do- And I do acknowledge its only been a few weeks, so I’m that regard the temporal period is no doubt short/small. However, I do think there has been an immediate reaction- the real question is whether it’s a anomaly or it becomes a trend.
While the net54 society is small, I do believe it represents a relatively larger pool of prewar baseball collectors than in other areas/genres, and thus the opinions, polls and feelings expressed on this site, if they play out in real life, could have a material impact on prewar. And based on examples from the past few weeks, I do believe that is happening.
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I think it was already destined to happen. We were on the peak. The scandals may have just triggered it. I think that upward trend was unsustainable. There are only a limited amount of buyers with so much cash.
Also need to factor in resale. If you depend on flipping cards to buy more cards then even a temporary dip in prices could halt that activity.
Even if prices remained stable its a loss on the sales end. At that point where's the new money to support the higher prices?