Quote:
Originally Posted by Dpeck100
There are obviously some cards that the prices have corrected on but plenty more where they keep going strong. People are dreaming if they think this thing is going to die overnight.
Thursday the Jordan PSA 10 that was offered at 100k on the Collectable App sold out in 11 minutes.
When the stock market advances there are many stocks going up and many going down. Not everything has to rise at the same time for it to be a bull market. The sheer number of cards being graded by the three grading companies and the exploding bidding lists are a better tell of the health of the market vs. a few specific cards. PSA as of two weeks ago was receiving 250k cards a week and that annualizes at 13,000,000 cards. A year earlier they were at 3,536,000 and that was a huge number up from mid 2's the year before. When I started getting cards graded in 2010 they were in the 1.4 to 1.6 million range and many argued that was unsustainable.
You are going to keep seeing eye popping auctions results. This thing has a ways to go.
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And people who want to 'invest' in fractional shares of cards they will never, ever touch are welcome to them; hell, I strongly encourage anyone who views cards as strictly investment vehicles to do just that. Keeps them out of the actual card
collecting hobby, where they are about as welcome as a cold sore at a prom.