OT:Auction sales hit record $15 billion as young, wealthy collectors enter the market

[MattyC]

Originally Posted by cardsagain74

Some people actually care about the estate that they'll pass on to their heirs. And you act like a hobby crash doesn't have any negative effects. Very bad for dealers, and some implications for collectors as well.

Also....what a horrible thing when someone's cards have worth enough to be a material part of their assets. Such psychological torment is just unbearable.

I can care about my estate and my heirs, and not want or need my estate to include baseball cards. I’d also like my heirs to be self sufficient and able to provide a great life for themselves. Every dollar I’ve spent in life is a dollar I earned. I value self sufficiency and the ability to earn over inheriting money. The fact is that while higher prices mean my cards are now part of my assets, the flipside to that— which I personally find outweighs that new asset— is that higher prices mean less money in collector pockets and fewer cards in collections. As a passionate collector, I will always root for lower prices. That said, it doesn’t seem anything can slow down the competition and resultant prices; the music has stopped, so to speak, and the chairs many of us have are our collections as they now stand. New acquisitions are going to be ever pricier and thus fewer and farther between.