Ruth sporting news rookie PSA 4 REA

[nat]

If it's investors who are driving this, it's going to end in tears. If what we have is investors buying from investors for record prices, eventually some people are going to start saying "that's enough risk for me, time to cash out". Which reduces demand, and then others notice that records aren't being set weekly and decide to cash out themselves. And then it all unravels.

[Pilot172000]

It's a bubble. Once Economy stabilizes and the Fed quits screwing up the dollar and interest rates normalize. A lot of folks will be holding dream cards that will cost them money. At least for a little while until inflation puts it back up to about the price they paid for it.

[Snapolit1]

If I ever dropped $200,000 on a Mantle card the bottom of the market would fall out tomorrow. Years from now people would be talking about the market peak of April 2016. I'm not kidding. I have a track record.

[Jdoggs]

Originally Posted by Snapolit1

If I ever dropped $200,000 on a Mantle card the bottom of the market would fall out tomorrow. Years from now people would be talking about the market peak of April 2016. I'm not kidding. I have a track record.

Please explain your track record.

[glynparson]

are actually just well heeled collectors with tons and tons of money. Some are athletes, some are actually team owners, and yes some came from wall street and silicon valley. I would be careful assuming they have no love for the game or hobby simply because they are extremely wealthy. I think its pretty cool that cards are being looked at more on the level with other high end collectibles. Like others stated lots of people my age grew up with baseball cards as a key part of our lives and many of these people have made boatloads of coin and are in a great position.

[Jewish-collector]

Originally Posted by glynparson

are actually just well heeled collectors with tons and tons of money. Some are athletes, some are actually team owners, and yes some came from wall street and silicon valley. I would be careful assuming they have no love for the game or hobby simply because they are extremely wealthy. I think its pretty cool that cards are being looked at more on the level with other high end collectibles. Like others stated lots of people my age grew up with baseball cards as a key part of our lives and many of these people have made boatloads of coin and are in a great position.

Glyn,
I'm not so sure the big players in REA are team owners, athletes, wall street, and silicon valley types. Rather, I think they are just wealthy lawyers, doctors, executives, business owners, etc,... who have a lot of disposable income to buy baseball cards. I'm sure they can afford up to a few hundred thousands, but I don't know if they can afford spending into the millions of dollars within one auction.

[Jdoggs]

Originally Posted by Jewish-collector

Glyn,
I'm not so sure the big players in REA are team owners, athletes, wall street, and silicon valley types. Rather, I think they are just wealthy lawyers, doctors, executives, business owners, etc,... who have a lot of disposable income to buy baseball cards. I'm sure they can afford up to a few hundred thousands, but I don't know if they can afford spending into the millions of dollars within one auction.

Yes but who knows for sure who are the big players in the REA auction? We know for a fact that there are team owners and athletes who are big collectors though.

[Pilot172000]

Originally Posted by Snapolit1

If I ever dropped $200,000 on a Mantle card the bottom of the market would fall out tomorrow. Years from now people would be talking about the market peak of April 2016. I'm not kidding. I have a track record.

Next time you decide to make a well informed purchase let a brother know! Lol

[Econteachert205]

Originally Posted by Pilot172000

It's a bubble. Once Economy stabilizes and the Fed quits screwing up the dollar and interest rates normalize. A lot of folks will be holding dream cards that will cost them money. At least for a little while until inflation puts it back up to about the price they paid for it.

Yes. Lately I've been selling stuff without trying and breaking even. I am literally the worst seller of cards in the world. It has to be a bubble if I even come close to a profit.

[4815162342]

Originally Posted by Econteachert205

Yes. Lately I've been selling stuff without trying and breaking even. I am literally the worst seller of cards in the world. It has to be a bubble if I even come close to a profit.

I'm pretty sure you're only the second worst, which is why I stopped selling anything!

[irv]

Can one of you guys post a link to this auction please, I'd like to follow along.

Thanks.

[Bored5000]

Originally Posted by irv

Can one of you guys post a link to this auction please, I'd like to follow along.

Thanks.

http://bid.robertedwardauctions.com/Lots/Gallery

[nat]

13 and 16 are supposing that the people buying these things are very very wealthy collectors, not investors. If so, there might not be a problem. (At least in the short-to-medium term.) If you are worth hundreds of millions you don't buy baseball cards for investments, because, as said above, even high end cards are pocket change. But if what's driving it is the kind of investor who considers buying a rental property or a baseball card, and chooses the card because of the huge increase in high-end card prices in the past few years, that's where you've got a problem. Note, however, that whether that's what's happening, I have no idea.

[irv]

Originally Posted by Bored5000

http://bid.robertedwardauctions.com/Lots/Gallery

Much appreciated!

Thank you.

[Republicaninmass]

When the levee breaks...

[ctownboy]

Republicaninmass,

Crying wont help you and praying wont do you no good???

[ajjohnsonsoxfan]

I'm tracking approx 50 lots in REA and all except 1 or 2 are at or above historical highs. Congrats to the boys at REA who are gonna smash records tonight

[Jdoggs]

Originally Posted by nat

If it's investors who are driving this, it's going to end in tears. If what we have is investors buying from investors for record prices, eventually some people are going to start saying "that's enough risk for me, time to cash out". Which reduces demand, and then others notice that records aren't being set weekly and decide to cash out themselves. And then it all unravels.

I've heard this reasoning that card values will drop for the past 3 years. However high end card prices keep getting ridiculously higher.

[ashes13]

"end in tears?" For who? For anyone paying $100,000 for a baseball card, if that same card drops by half to $50,000, that buyer/investor/collector sheds no more tears than you if you buy a $10 common and it drops to $5. Its all relative. $100k is pocket change for someone paying that for a Ruth or Mantle. Just like $10 is pocket change for someone else buying a $10 beater t206. Call them investors/collectors/flippers, it doesnt matter, the folks paying these prices have net worths in the tens of millions (if not hundreds of millions or billions) so if the bottom falls out on their high end cards, it doesnt matter. Who knows how many Mark Zuckerbergs are hitting their 30s and 40s and have made so much money in tech stocks that they couldnt even possibly spend it all if they tried. Maybe they like sports and baseball cards and can afford to pay obscene prices. Why not buy a $500k Ruth rookie to go with their $50 million yacht.