Card Market Spike or Crash Video

[parkplace33]

Interesting video from a few days ago:

https://youtu.be/_XZyfOvbGNg

Some modern talk but also vintage talk as well.

I was most interested in hearing from the dealers.

[bbcard1]

I expect relative stickiness at current price points for classic sets (mainly T206) and most reasonably scarce prewar.

The tendency on all of us dinosaurs is to lump all the post war stuff together. It's just not the way it is. Some of the Topps update stuff has the scarcity to make it hold for things like the Pujols and Trout rookies.

Honestly the things that would bother me are the cards like the 54 Banks and 55 Koufax that have achieved a high price point despite an abundance of them.

[Johnny630]

Hopefully will get a report from some of the dealers how robust the spending was by buyers at the Pittsburgh show this weekend in Monroeville. I would expect buyers to me more cautious…..idk

[Leon]

I watched most of the film.

Mr. Burdick would have been disappointed in the topic, as I was. But it is certainly a reality. The film was well done.
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[mrreality68]

Interesting to watch but o cannot say that anything for me was useful out of it since I do not deal with other sports cards and modern cards

[Snapolit1]

I had 6 cards listed on eBay that just went ice cold. No offers and even sent discounted offers to buyers and just crickets.

With the economy struggling and stock market acting schizo, how could some people not be getting concerned about spending disposable income.

[Johnny630]

Originally Posted by Snapolit1

I had 6 cards listed on eBay that just went ice cold. No offers and even sent discounted offers to buyers and just crickets.

With the economy struggling and stock market acting schizo, how could some people not be getting concerned about spending disposable income.

100% I've been seeing this for over 2 months now...people want to believe REA/Heritage/Memory Lane ect are main street, they're not....I'm sorry it's just not a accurate gauge on collector grade cards in this market.

[Flintboy]

I have never seen Mantle, Aaron, Clemente, or Mays take a dip in prices. Could it happen? Possibly, but I don’t think it’ll be a big dip and I’d bet on a fast recovery. If you’re in it for an investment, I think those cards are your targets.

[Exhibitman]

So, lemme see if I can get this straight:

Dealers who make their livings on selling modern cards in slabs agree that prices have been dropping but see great potential (in their inventories) in the next 3-5 years. And if I want to make some money I should be into the best possible cards of the biggest stars of the major sports.

That's like the ad slogan "preferred by those who like it best".

Gee, thanks, Captain Obvious. When's the big prognostication about the salt content of sea water?

[bmattioli]

Oh this guy??.. Kind of obvious what's going on with the status of the present day financial downturn..

[Johnny630]

It would be my guess that the Guy is Puffing up what he and his group is already heavily invested in.

[JeremyW]

Adam nailed it.

[Carter08]

My uneducated hunch is cards will fare no worse than Bitcoin or the stock market and probably do a little better. Cash doesn’t seem to be a great position either. Best investment is probably foreign companies that make baby formula.

[Tabe]

Ah, "Sports Card Investor". That guy is a clown.

[Harliduck]

Originally Posted by Flintboy

I have never seen Mantle, Aaron, Clemente, or Mays take a dip in prices. Could it happen? Possibly, but I don’t think it’ll be a big dip and I’d bet on a fast recovery. If you’re in it for an investment, I think those cards are your targets.

If those players ever "take a dip", a hundred guys like me will gladly pay lower prices.

[Carter08]

Originally Posted by Harliduck

If those players ever "take a dip", a hundred guys like me will gladly pay lower prices.

That’s why they don’t really take a dip.

[Leon]

Originally Posted by Carter08

That’s why they don’t really take a dip.

+1.....buy on the dip lol
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[Lorewalker]

Not much for me there since I am vintage but interesting to listen to and nothing that surprises me.

What was noteworthy was one of the top dealers in the business he spoke with is Jason of OTIA https://www.youtube.com/watch?v=_XZyfOvbGNg&t=589s I assume that is Jason Koonce who is listed on Blowout as someone to avoid and is also the owner of ISA card grading. Small hobby sometimes...

[TheBig6]

I’ve never heard anyone on this forum call their collection a portfolio. I stopped watching after that.

[jchcollins]

Amusing how the concern and videos like this come around in waves at least every 5 years or so. Oh no, my purple parallel Joe Schlabotnik Chrome RC numbered to 5 might not be worth the $6 grand I paid for it last week...

Vintage, at least since the dawn of the retail hobby 40+ years ago at most just cools off. Then in the next bubble prices climb, reach new heights, and then level off again. Sometimes it's connected with obvious signals from the greater economy, sometimes not.

Glad I'm not much into the shiny stuff...

[Touch'EmAll]

Friday I listed 13 modern PSA cards. 5 sold thru the weekend - Mike Trout, Curry, Yelich. I list at reasonable BIN. I did make offer on an early Nolan Ryan, had slight remorse as my offer was quite fair and rather solid. Ha, the seller came back and wanted more, no thanks but wish them luck.