REA bids - health of the hobby

[sjim8660]

One of the things to considered and I may be off a little in saying this. Serious collectors seem more inclined to spend big dollars on REA compared to eBay because it is a LOT easier to shill on eBay. I personally am always cautious to spend over $1K on eBay because of shilling. eBay is great because no buyer premium, so that helps. As far as high prices, Baseball season just got under way, its also tax season so people have extra cash. So those things could play a factor in the higher prices. I personally am bidding on a few things for some sets I am working on and I don't mind spending more on a few cards that I have been waiting months to pop up. It makes me happy to see the vintage Baseball market healthy and growing. Cards like that 14' CJ Joe Jackson should be going for big money for several reasons. I think what people are willing to spend is finally catching up with the rarity of some of these cards.

-James Steele

[Pilot172000]

If you take a long look at hobbies across the board you will see that all are at record highs. A lot of that has to do with the fact that the investment value of a top tier card has better growth potential than a 5 year CD worth the same amount of money. I also collect Colt Revolvers and the price and value of a Colt Python was around $350 to $400 prior to 2008. Today it hovers anywhere from $1800 for a rough specimen to $15,0000 for a LNIB. Folks with money aren't gonna sit around and wait for the Fed to raise interest rates. They are gong to pour their cash into investments like what the REA is auctioning off.

[ls7plus]

Originally Posted by Pilot172000

If you take a long look at hobbies across the board you will see that all are at record highs. A lot of that has to do with the fact that the investment value of a top tier card has better growth potential than a 5 year CD worth the same amount of money. I also collect Colt Revolvers and the price and value of a Colt Python was around $350 to $400 prior to 2008. Today it hovers anywhere from $1800 for a rough specimen to $15,0000 for a LNIB. Folks with money aren't gonna sit around and wait for the Fed to raise interest rates. They are gong to pour their cash into investments like what the REA is auctioning off.

You are exactly right, David. Rare, significant cars and coins are seeing similar substantial increases in value!

Regards,

Larry

[Pilot172000]

Originally Posted by ls7plus

You are exactly right, David. Rare, significant cars and coins are seeing similar substantial increases in value!

Regards,

Larry

I was able to snag a few Pre-33 Gold coins before they got crazy and am thankful for it. You have to spend money to make money and Return on Investment on Quality Cards far exceeds inflation and other more traditional portfolios.