Yes, this is OT but still a valid subject - Have they petered out?

[Snapolit1]

Never understood why some of these plentiful rookie cards exploded. Probably plenty of them sitting in boxes in attics, basements, thrift stores, etc.
The fact that certain little bubbles may burst doesn't mean that truly rare high end vintage cards are a bad investment.

[packs]

The problem with investing (in my opinion) is that once a person has one, they're done investing. Who would buy 3 PSA 8 Rose rookies? Probably not a lot of people.

[ls7plus]

This type of investor's market has happened fairly frequently in the coin hobby. It may last for several months to several years, but almost always ends with most of the investors exiting stage right and the prices dropping back to what a true collector would pay (some of them will like what they've acquired and stay with us, get better educated and become a true credit to the hobby). Better to carry on your personal hunt in the quieter areas while that type of market is ongoing with regard to cards of a particular era.

Highest regards to all,

Larry

[vintagechris]

As for the China buyers, I can confirm that there were some Asian buyers spending huge sums of money in auctions within the last couple years. I was told this in a casual conversation sometime last year by a higher ranking person working at a well known auction house. The person didn't think anything odd of it at the time, just that they were spending huge amounts of money.

IIRC, he called it new money in the market. I'm not sure what their motives were but it did happen according to this person.

[ls7plus]

Originally Posted by vintagechris

As for the China buyers, I can confirm that there were some Asian buyers spending huge sums of money in auctions within the last couple years. I was told this in a casual conversation sometime last year by a higher ranking person working at a well known auction house. The person didn't think anything odd of it at the time, just that they were spending huge amounts of money.

IIRC, he called it new money in the market. I'm not sure what their motives were but it did happen according to this person.

Very, very interesting!

Thanks for posting,

Larry