Posted By:
Ted ZanidakisThis statement of yours tells us you are "F-O-S", and it's not worth anyone's time to further continue any
discussion with you......
"As far as my cards are concerned, I have no concern about a downturn in values in high-end graded cards.
If there is an economic downturn, high-end graded card collectors are generally not sensitive to this. On the
other hand, I would be concerned about the values of low end beaters in such an environment."
Well, I have seen such an "environment" (economic downturn) occurring twice in the past 30 years and I recall
very well its effect on the BB card market. For you younger Net54er's....in 1980....the 1952 Topps Mantle was
selling for anywhere from $2000 to 3000. By 1982 the economy was in bad shape (due to 15% inflation and 20%
interest rates). In 1982....the same 52T Mantle was selling for $500......! !
Now, Jim has stated that the value of his Hi-end cards are impervious to such economic fluctuations....Jim, you
live in LA-LA Land.
If we a suffer just a 25% downturn in the economy, the collectibles market will invariably suffer accordingly....
history has demonstrated this at every such cycle. If you really think about it, these rectangular plastic dudes
are just another commodity. So for example, the market value of your PSA8 T or E-card that you bought for
$8000 will fall to $6000. And, accordingly every Ungraded T or E-card whose value is $100 will fall to $75.....or,
perhaps even $50.
Now, tell me everyone, I am going to be "concerned" (Jim's word) about a $25-50 de-valuation....or, am I really
going to be CONCERNED about a $2000 LOSS ? ? You do the math.
Ahhhhh......the ARROGANCE of the AFFLUENT....never ceases to amaze us....it might not affect you, but many
collectors who scrimped and saved their hard-earned $$ will be affected.
TED Z