Anyone hesitant to buy now?

[sportscardpete]

Originally Posted by Rhotchkiss

Except for pre 1941, baseball HOFers, I would be selling fast and scared as hell to buy. I think people are going to get crushed. I think all these high prices are the result of pumped up prices (some fake sales) and the influx of a ton of new and inexperienced investors. That is a recipe for disaster. I would be shorting the hell out of all of these cards if I could. This reminds me of the tech stock bubble burst.

I don't know how I feel about this. I agree that baseball HOFers and pre-1941 are rock solid for the long-term - it is where most of my current collection is. And yes, the prices that modern cards are going for now are clearly being pumped. However, legendary rookies (jordan, gretzky, jim brown, chamberlain, russell) which have been pumped to an extent, are worth a debate. Is their recent run-up truly speculation or is it recognition of the value in non-vintage baseball? Baseball has been the king for so long but maybe there is room for other sports? I have no right answer for this. No card should go up 10x in a year (just like no stock should), so some decline makes sense. But I feel better in the long run about vintage non-baseball rookies. I'd rather own a vintage rookie than a Kawhi Leonard (or a Josh Allen rookie). I agree that modern is a scary place, but I am still thinking about some of the vintage bubbles and whether or not that is legit.

I would compare a lot of the modern cards to the tech bubble. The tech bubble was created by wild assumptions. Buying a Giannis rookie is similar to the tech bubble; you are assuming he is a legend with multiple rings. If he fails to live up to the hype you will be holding the bag.

The other thing to mention is that the overall popularity of sports cards has grown significantly. And while some will come and go there are a lot of folks here to stay. Social media has made card collecting cool again; however, most people here don't have an instagram so they can't see that (For a while, myself included). There are other apps such as discord that make discussing cards cool as well.