Quote:
Originally Posted by chadeast
Wait until they have these bloated grading departments with nothing to grade. The grading fees will have to come down. I'm waiting for the inevitable downturn with interest, but I'm becoming much more happy collecting ungraded cards day by day.
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That points out an interesting thing. Originally, the Registry was what seemed to boost and be the driving force behind why one TPG's graded cards would apparently be worth more than another TPG's similarly graded cards. But that intrinsic extra value attributed to PSA cards seems to have been taken by the new investors/money coming into the hobby during the pandemic as an overall indication that PSA graded cards are worth than other TPG's cards period.....registry or not. So these new investors want PSA for the money, not the Registry. So what happens if at some point in the future these new investors/money in the hobby decide cards aren't for them, and we start to see huge drops in prices as they pull out and look for investment opportunities elsewhere? It has already been mentioned that a lot of prices, at least for vintage items, have already started to come down from earlier this year. If things ever do go back to anywhere near what they were pre-pandemic, I wonder if this will all have an ongoing negative impact on the Registry effect on card values, and therefore PSA may not continue to have the overall dominance in value over other TPG graded cards that they have now?
Personally don't think the new investors/money will ever totally abandon the hobby now, but can see a pullback and change in future investing focus as we come out of the Covid pandemic.