The Great Flood Drought of '64

[4815162342]

http://www.sportscollectorsdaily.com...-flood-market/

Today he owns some 4,000 copies, likely close to a quarter of the population.

Now that's hoarding.

[ALR-bishop]

"I think in collecting there should be something called 'the reindeer effect'. I don't know exactly what it would be, but it would be neat to say, 'this is a terrifying example of the reindeer effect' ".... Jack Handey

[brewing]

So all it takes is to remove 4000 cards to make the price quintuple.

[campyfan39]

4k cannot be 25% of the cards out there can it?
Also it seems a little weird and selfish to me to try to buy all of the cards I mean what enjoyment can that really bring?

[granite75]

When he dies, the market will be Flooded.

[almostdone]

Originally Posted by granite75

When he dies, the market will be Flooded.

Boooo

[vintagecpa]

I don't know how his relatives will ever rewind this collection. Can you imagine 4,000+ of these cards hitting the market without him bidding them up?! Even if you try and slowly sell it off, selling one card a day will take 11 years at the current inventory.

[BearBailey]

Now I understand why it was so hard to find that card when I completed my set around 5 years ago. How long has he been collecting them?
And Why?

[glynparson]

If it brings him joy. It is rather judgmental to criticize the man for the way he enjoys collecting cardboard. It is rather selfish of the individuals that claim this will cost them more to buy a flood 1964. why do they have a right to own a card, or at least feel or express that they do?

[savedfrommyspokes]

IMO, no matter how many copies of this card he has accumulated to this point, the price for ungraded, less than high grade copies will subside once he "retires" from his current and ongoing endeavor of acquiring as many copies of this card as he can, as the market will become "saturated"(not flooded).

[Leon]

Originally Posted by glynparson

If it brings him joy. It is rather judgmental to criticize the man for the way he enjoys collecting cardboard. It is rather selfish of the individuals that claim this will cost them more to buy a flood 1964. why do they have a right to own a card, or at least feel or express that they do?

I am with you on this one Glyn. I think the guy should buy 4000 more if it makes him happy.

[HRBAKER]

why do they have a right to own a card, or at least feel or express that they do?


Glyn,
It's referred to as the "John Titus" syndrome.

[barrysloate]

My question is what makes him happy about buying the same card every day? I know there is no right or wrong way to collect, but in this case I just don't get it.

[whiteymet]

I recall a guy back in the day at the old Willow Grove, PA shows outside of Philly doing the same thing with the 58T Hemus card.

Any Philly guys recall this?? Ted Z?????

[mrmopar]

makes me want one

[ALR-bishop]

Originally Posted by mrmopar

makes me want one

That's the reindeer effect

[SmokyBurgess]

Originally Posted by whiteymet

I recall a guy back in the day at the old Willow Grove, PA shows outside of Philly doing the same thing with the 58T Hemus card.

Any Philly guys recall this?? Ted Z?????

Was the this same guy featured in SCD who then complained about the high prices on this card and refused to buy them at that price at card shows?

[brett 75]

Originally Posted by vintagecpa

I don't know how his relatives will ever rewind this collection. Can you imagine 4,000+ of these cards hitting the market without him bidding them up?! Even if you try and slowly sell it off, selling one card a day will take 11 years at the current inventory.

Would there be enough people actually interested to sell all of them ? How many collectors want or still need this card ? Could take even longer to sell off. Looks to me like a lot of $ invested in cards and grading . I myself prefer a little more diversified collection but to each his own. Brett