Are We Slaves To The Registry?

[Dpeck100]

Originally Posted by Peter_Spaeth

I was dumbfounded what people were paying; the thing was the Tigers that came out of the sealed inner pack (he was on the bottom) usually had some corner wear so it wasn't like you could buy a set and be assured of a 9 or 10, not even close. But pay they did. To put it in perspective after his recent win they rebounded from worthless to the low 100s.

I was just having the conversation yesterday with my twin brother about cards and how one of the draw backs from collecting wrestling is that it is obviously a work so you don't have that ability to speculate on their performance like you do sports cards. The closest thing to a real competitor in the true sense of the word is Brock Lesnar and his cards haven't really moved in any significant fashion.

The recent surge in many of these top star cards can directly be attributed to their actual performance and that correlation is quite appealing to people.

There is a guy on Twitter Gary Vee that has recently been pumping sports card collecting from the investment angle and it seems reasonable that this past performance just like in stocks is going to bring in new money. This guy appears to be buying large lots of various cards and it doesn't take much of this activity to send prices soaring.

I don't know if it is a good sign or a bad one when speculators like this come in with gobs of cash because on one hand it is bullish on the other it could lead to a serious imbalance in the market and an eventual serious decline.

People do like to speculate and these enormous gains have really been incredible to watch. It is pretty remarkable that a Tom Brady card sold for 400k.