Yahoo Finance - cards booming

[Touch'EmAll]

Today, Yahoo Finance put out a segment of the booming card industry during this pandemic. Interesting, claims of a lot of 20-40 year olds coming back into hobby, driving prices up. Said 80% seeking the modern stuff, 20% going for vintage - which is also shooting up quite fast. I think eventually many young adults will start to gravitate to true vintage thus pushing prices up even further. Most of the info we already know, but cool to see anyway.

[Seven]

Originally Posted by 100backstroke

Today, Yahoo Finance put out a segment of the booming card industry during this pandemic. Interesting, claims of a lot of 20-40 year olds coming back into hobby, driving prices up. Said 80% seeking the modern stuff, 20% going for vintage - which is also shooting up quite fast. I think eventually many young adults will start to gravitate to true vintage thus pushing prices up even further. Most of the info we already know, but cool to see anyway.

I've posted it before, I'll post it again, I think prices start to normalize when a vaccine comes out and people are able to spend their disposable incomes on Traveling again. It wouldn't surprise me as well if the people who bought their cards during the pandemic, and don't have a permanent interest in staying in the hobby start to sell off what they have.

[AGuinness]

Originally Posted by 100backstroke

Today, Yahoo Finance put out a segment of the booming card industry during this pandemic. Interesting, claims of a lot of 20-40 year olds coming back into hobby, driving prices up. Said 80% seeking the modern stuff, 20% going for vintage - which is also shooting up quite fast. I think eventually many young adults will start to gravitate to true vintage thus pushing prices up even further. Most of the info we already know, but cool to see anyway.

Originally Posted by Seven

I've posted it before, I'll post it again, I think prices start to normalize when a vaccine comes out and people are able to spend their disposable incomes on Traveling again. It wouldn't surprise me as well if the people who bought their cards during the pandemic, and don't have a permanent interest in staying in the hobby start to sell off what they have.

If both of these are true, then the modern market would bear the brunt of a correction when the time comes.

[sportscardpete]

I think it’s part secular, not everyone will leave the hobby some will get hooked. I would be extremely worried for modern card basketball holders though. I bought some vintage basketball but I do think that is secular too.

[Exhibitman]

Yes to all of it.

Certainly there will be some funds going elsewhere when there is other stuff to do. I have saved five figures on traveling this year off our norm but full expect to hit Kona, NYC and Paris the year after this ends. Plus the National of course.

Some people who started with cards are going to stay with it because it is fun. I know if I try something new and enjoy it I don't just drop it when something else comes along. I may do less but once bitten...

[Touch'EmAll]

Not sure, but think I saw a T206 Cobb Green PSA 5 recently top $30.k ? And looks like the other 3 Cobbs in PSA 5 are around $10.k each, or more ? I don't have VCP access.

[GasHouseGang]

Originally Posted by 100backstroke

Not sure, but think I saw a T206 Cobb Green PSA 5 recently top $30.k ? And looks like the other 3 Cobbs in PSA 5 are around $10.k each, or more ? I don't have VCP access.

A green Cobb in REA's last auction went for $31.2K. Another auctioned by Heritage went for $16.8K in July.

[seanofjapan]

Originally Posted by Seven

I've posted it before, I'll post it again, I think prices start to normalize when a vaccine comes out and people are able to spend their disposable incomes on Traveling again. It wouldn't surprise me as well if the people who bought their cards during the pandemic, and don't have a permanent interest in staying in the hobby start to sell off what they have.

This is possible. But its also possible that the pandemic is altering people's behaviors in ways that will persist after the pandemic is over.

Most definitely a lot of people will start spending their money on travelling again, so I think there will be a drop from what is going on now. But probably there will also be some people who have gotten a lot more "into" the hobby than they were before and will maintain that interest after, so I think the market will likely remain bigger coming out of the pandemic than it was going in, even if it prices go down a bit.

[Brian Van Horn]

Ah, Yahoo Finance. Always the last to the table.