In late February 2020, I consigned several items with an auction house. I was convinced Covid-19 would produce a significant recession and the card market would soon tank.
My plan was to sell before the crash and then buy back the same cards, but in better grades, for less money. Thus, I’d improve my collection and put some money in my pocket, or use the extra money to further expand the collection.
The card were all nice, but lower graded ones. The lot included a Ruth, a few Mantles, and a Mays rookie. Although I turned a profit, I didn’t gross enough to buy back the same cards, let alone nicer copies. I sold at the worst possible time - right before the boom. Impossible to predict, but still stings.
|