Quote:
Originally Posted by seanofjapan
I think there are three factors at work all of which have to do with wealthy collectors (who are the only ones who can afford to affect the market for high value stuff).
1) Wealthy collectors aren't getting economically hammered by the lockdowns and resulting layoffs like everyone else is;
2) Wealthy collectors are bored and stuck at home. They aren't able to spend money on their other hobbies right now, so they are spending more on cards.
3) Stocks are pretty risky right now so they may also see plowing money into cards as a safe investment.
If any of these three things change, you might see a price correction.
|
I agree with this, although the change would have to be very significant to see a meaningful price correction in vintage. More likely the economy returns to something like normalcy and we see a slow march higher.
My comments are limited to vintage baseball cards. That’s what this board is about.