Does the stock market affect card prices?

[Mountaineer1999]

Watching the stock market the last few weeks has been a bit frightening. Wondering if anyone has any thoughts on the price of cards during a downturn in the market. Do/would people quit collecting and maybe even start selling in a bear market?

[GregC]

Originally Posted by Mountaineer1999

Watching the stock market the last few weeks has been a bit frightening. Wondering if anyone has any thoughts on the price of cards during a downturn in the market. Do/would people quit collecting and maybe even start selling in a bear market?

I certainly hope so!! Would love to upgrade a number of Mantle's on the cheap haha.

[Leon]

I copied this thread from another section as it's a great question that might affect all card collecting. I do think the stock market has an effect on prices.

[1952boyntoncollector]

Originally Posted by Leon

I copied this thread from another section as it's a great question that might affect all card collecting. I do think the stock market has an effect on prices.

Yes I agree as well ..look at the years when the market was down...most of the cards sold for less at that time...yes can be other factors too but good luck finding someone to pay for a 20k card if they are currently down 25% in the market.....now for 300 dollar cards...not that big a deal..but the Mantles..we will see...market still not down enough yet to be a factor

still the recent auctons have had records highs for the big cards....need to actually see some lower auction results before I entertain that theory though..

[Snapolit1]

In analyzing historical card prices on VCP, it's clear to me that many high end cards (not all, but many) peaked in value in 2007 and 2008 and took serious dips when the markets tanked. Cards that sold for $15,000 in 2008 dropped off and were selling for 2/3s that a year later. Obviously not true across the board. Most of them have worked its way back by now, but I have seen the same general graph a number of times.
I think the moral of the story is that things will take a hit if the market gets whacked but if you are not a short term seller or dealer don't sweat it.

[vintagetoppsguy]

I replied in the other thread, then saw this one on the main page. I just quoted what I said in the other thread...

Originally Posted by vintagetoppsguy

I can only speak for myself, but I haven't stopped collecting, just slowed down quite a bit.

In addition to the stock market, I happen to work for an oil and gas engineering company and our industry looks very gloomy for the next year or so. I'm on a project that wraps up in early Spring, but I don't know if I'll have a job after that. There are no new projects coming in. So that, along with the stock market downturn, has put a damper on my spending lately.

[packs]

I don't invest in stocks but I certainly hope this is true. I just wish more people in China collected.

[BobbyVCP]

Originally Posted by Snapolit1

In analyzing historical card prices on VCP, it's clear to me that many high end cards (not all, but many) peaked in value in 2007 and 2008 and took serious dips when the markets tanked. Cards that sold for $15,000 in 2008 dropped off and were selling for 2/3s that a year later. Obviously not true across the board. Most of them have worked its way back by now, but I have seen the same general graph a number of times.
I think the moral of the story is that things will take a hit if the market gets whacked but if you are not a short term seller or dealer don't sweat it.

In your research are these 1 pop cards that dropped in value? I find that as the population of a high grade card increases then the value drops dramatically. I think if the population did not increase then the value increased.

[RTK]

Good question, interesting. Maybe there should be an index for card collecting using certain highly "traded" cards or "iconic" cards from various years similar what's used in the stock market to reflect overall market variations, along the lines of the S & P 500 or Russell 2000.