Posted By:
barrysloateWhile I agree that the very rich will not be as affected by a worsening economy, many people who sink hundreds of thousands of dollars a year or more into baseball cards may choose not to, even if they can. Many of the mind-boggling prices we've seen over the past few years are based partly on buyer exuberance; that it doesn't matter what you pay for quality because it can only go up.
But with that bubble burst, many of the big spenders may see this as a time to take a break. Of course, it can also be a good time to buy low and sock some cards away. So in the end, you can't generalize. People are going to do whatever they feel is best.