Current Market Conditions - Question

[jboosted92]

Hey guys

long story short, but been out of the "collecting" for past year or so.....

but what are the theories on some of the crazy prices? (apologize if its been asked 3000 times)

1. Covid boredom?
2. Liquidity?
3. I get jordan stuff (Even tho loco)
4. China middle class buyer?

thx

[BobbyStrawberry]

Mostly #1, some of #2.

[swarmee]

Here's a thread we had over the summer.
https://www.net54baseball.com/showthread.php?t=287547

[Seven]

Originally Posted by jboosted92

Hey guys

long story short, but been out of the "collecting" for past year or so.....

but what are the theories on some of the crazy prices? (apologize if its been asked 3000 times)

1. Covid boredom?
2. Liquidity?
3. I get jordan stuff (Even tho loco)
4. China middle class buyer?

thx

Mostly 1 and 2.

Think of it this way. For extended periods of time we were forced to be home in quarantine. I'd wager that the overwhelming amount of people that came back into/recently got into the hobby still had/have their jobs. All leisure activities had to be put on hold. Couldn't really go on vacation, why spend money on clothes when your in the house all day, can't go out to dinner, can't go to concerts, can't go to sporting events, major life milestones are being postponed as well such as weddings.

Now your stuck at home, you have all this money that you normally be putting into other things with nothing to do. It's the perfect excuse to get back into the hobby. The investment approach also hits. The market tanked in March. So people started looking into alternative places to invest their money.

[Mark]

I think that Covid boredom is a powerful force. When there is no baseball, or any sports, to watch, a lot of people found they could get a fix by picking up some cards and memorabilia of players and teams from the past.

[Frank A]

With so much new money coming into the hobby and new collectors, many who will continue to collect, I see nothing to stop the rise in prices for quite some time. The high dollar cards will just continue to rise.

[Johnny630]

I think Quality Stuff is only going to continue to go up unless the US Economy go through a steep decline. The next 12-18 months should be smooth after that who knows.

[hcv123]

1) I believe when we were all locked down at home - many people started "cleaning" closets, attics, basements, etc. This resulted in many people "finding" cards - Some of these people were sparked to dive back into the hobby. Some of these people used it as an opportunity to sell their collections.

Something that I haven't seen posted here yet that I have noticed is there has been a pretty large amount of "fresh" material that has entered the market in the wake of Covid.

2) As mentioned in other posts, I believe the "cream rises to the top" and the top players in top condition will hold their value well and have the greatest possibility of continuing to climb.

3) The larger economics of eventual rising inflation will be a dollar that buys less - That lends itself to values of a hard asset like a baseball card increasing.

[Rhotchkiss]

Originally Posted by Johnny630

I think Quality Stuff is only going to continue to go up unless the US Economy go through a steep decline. The next 12-18 months should be smooth after that who knows.

This is a big change in opinion, no? I agree with you. But I recall many adamant posts by you a while back to sell, sell, sell and that we are headed for a crash. Why have you now changed your mind?

Regarding the OP’s topic, see a thread a started a week or so ago asking new people to the site why they have started collecting/returned to the hobby after a hiatus. Many were bored during Lockdowns and came across cards some way or another and it sparked/re-lit a flame. I think that, and the fact that cards are increasingly more often considered a viable alternative investment, is why the hobby has become a market.

[todeen]

Originally Posted by Johnny630

I think Quality Stuff is only going to continue to go up unless the US Economy go through a steep decline. The next 12-18 months should be smooth after that who knows.

Congress needs to act on funding for states. My city is going to get walloped if the state has to cut budgets. Between our penitentiary, DOT, teachers, highway patrol...we are not sitting pretty. State jobs are a major employer in my town. Our county has been running a deficit for at least two years. Besides that, my town is heavily reliant on wine tourism. We already took a big hit with fewer travelers. Recession could get worse if the pissing contest continues between the House and Senate.

Just like in the last recession, there were winners and losers. The losers were often rural communities. So we'll see how it plays out.

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