Posted By:
AnonymousTed,
I wish I was younger than you but I have been collecting for 50 years.
Hard to debate with someone who predicts a 25% decline in the economy--I think a recession is if you have back to back 3% declines.
Let me teach you something Ted--graded card prices have done nothing but go up since the advent of card grading. High end cards have gone up even more. Are the people who are spending the big bucks for the psa 9 vintage cards going to alter their purchases of sports cards if there is a recession--I don't think so.The money that I spend on sportscards is indifferent to the economy. However the guy who is struggling to make ends meet and has limited discretionary income to buy sportscards is going to be affected. He is more likely to buy less expensive cards--thus you would likely see more of an impact on the lower to middle end of the market. You seems to be saying this in your example as you say high-end cards would drop 20% and low-end 25-50%. I would take 20% anyday--its the percentage change Ted, not the absolute dollars. Its like the real estate correction. Nothing wrong with the high-end houses--prices keep going up. However the lower to middle part of the housing market is suffering badly.