Money in the Hobby

[Snapolit1]

Originally Posted by packs

These threads get made out of fear, I think. And the fear is that our collections will cease to have buyers. Threads like this get made all the time and the discussion has taken place over and over again. That's because this fear is very real. But then every time the discussion takes place there's always people who pretend like everything is fine and have some counterpoint to every point someone makes re: the eventual demise of the value aspect of the hobby.

Listen, if these fears were totally unfounded this thread wouldn't be made so often. There's nothing wrong with accepting you've poured money into something that may one day have little value. Just sell soon and buy again later.

People like you were saying sell, sell, sell back in the early 70s when the Wagner card was probably selling for $10,000. How did that work out?

My uncle got out of the stock market in the 1970s because it was a Ponzi scheme and overvalued. How did that work out?

Everything is ALWAYS ridiculously over priced to someone. Sometimes the guy holding it does lose his shirt. And sometime he makes a fortune.

Some crazy ass painting that everyone on this board hated of a skull just sold in NY for something insane like $400 million dollars. I'm sure someone bought it for $1 million and people were giving him all the reasons why he just made the worst decision of his life.


But to just blankedly saying any thriving market is going to collapse decades from now is just guesswork.

[packs]

Originally Posted by Snapolit1

People like you were saying sell, sell, sell back in the early 70s when the Wagner card was probably selling for $10,000. How did that work out?

Well that's not really true since my theory is predicated on the boomers collections entering the market en masse after a die off, which didn't happen in the 70s. Also the exact people spending money on the Wagner are the people I'm talking about exiting the market. Unless there's some firebrand tech kid in his 20s who buys the next Wagner.

[Snapolit1]

Originally Posted by packs

Well that's not really true since my theory is predicated on the boomers collections entering the market en masse after a die off, which didn't happen in the 70s. Also the exact people spending money on the Wagner are the people I'm talking about exiting the market. Unless there's some firebrand tech kid in his 20s who buys the next Wagner.

That exactly who WILL buy the next Wagner. Bingo.

[packs]

Let me know where this kid is when you find him. I have cards he may like.

[joshuanip]

Originally Posted by packs

Let me know where this kid is when you find him. I have cards he may like.

Not Rich nor a kids but, what you got? ��

Originally Posted by packs

Let me know where this kid is when you find him. I have cards he may like.

Why would you need "this kid" in a currently thriving marketplace?

[packs]

I don't. I was talking about the future.

A lot of us plan on being around for the next 30-40 years minimum so when exactly were you thinking? On that note, has there ever been an age demographic poll on Net54? I can't remember ever seeing one in my 5 or so years on the board. That might be interesting

[rats60]

Originally Posted by packs

Let me know where this kid is when you find him. I have cards he may like.

There is a story on Blowout about a collector selling his company for 2.1 Billion dollars. Sports will always be popular. There will always be fans who are successful and will want to put money into key pieces. Just like some like art and will keep the art market going. If you want to sell your Wagner, 52 Mantle, Ruth's, Cobb's, etc. I don't see the problem. If you are looking for someone to sell your 1985-1994 sets to, I don't think that is going to go well for you.

[1952boyntoncollector]

Originally Posted by rats60

. If you want to sell your Wagner, 52 Mantle, Ruth's, Cobb's, etc. I don't see the problem. If you are looking for someone to sell your 1985-1994 sets to, I don't think that is going to go well for you.

they key is the 'etc'....what cards exactly are the blue chips...after 3 or 4 cards..there will be disagreements and someone could take a big killing as that card could join the 99.9% of the other cards that will likely go down a ton in re-sell value besides the Wagner, Ruth, ETC...

[NYYFan63]

Originally Posted by Snapolit1

That exactly who WILL buy the next Wagner. Bingo.

I went to the White Plains show in January and was talking with one of the dealers. He had a 52 Mantle on display(I think it was a PSA 1.5 or 2) and a couple of younger guys in their 20's or 30's came by and was looking at the cards he had displayed. The younger guy wanted to take a look at the 52 Mantle and said that he wanted to save to someday buy a 52 Mantle.