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T206CollectorHas really proliferated T206 collecting. I do not think that the market is drying up at all, but demand is definitely increasing. I wonder if the increasing demand will have any effect on soaking up the cards, or whether as prices rise people will just start selling, and push prices back down. I think there has been a pretty even balance in this for a few years. I've seen some prices go up quite a bit, particularly PSA 4 and higher Cobbs, but otherwise, I think there's been a steady minor increase over the past four years. I don't think the bubble will burst for a little while anyway, but that's dependent on market conditions outside of baseball card collecting so Alan Greenspan knows as much as anyone.
What I think is always a good sign is when modern baseball card makers try to get in on the vintage market with look-alike cards (e.g., Topps T206, T205, T3, etc.) That means Topps recognizes that vintage is selling better than modern and that a lot of collectors who started on Topps as kids have moved into pre-War cards. With the availability of T206 on ebay, I don't understand why anyone would put down money for a 2005 Derek Jeter card.