Saturation Point

[Paul S]

Originally Posted by yanksfan09

Anyone's guess I suppose. One thing about those waterfront properties though... They are prone to flooding and storm damage!

Not to mention having to euthanize a Whale in Moriches Bay.

[iwantitiwinit]

We are taking about baseball cards here guys. Their investment value and ability to retain value in my opinion is far different from oceanfront real estate and any real estate for that matter. I think the basic supply demand function is very steep and inelastic for baseball cards, new entrants to the market would appear to be limited and there is no intrinsic value for cards nor is there a basic need for the product ie. shelter. I have a feeling these prices don't hold up much longer. It could be a month, 6 months or a year but they won't hold and there are going to be a lot of unhappy people out there that thought pieces of cardboard would make them rich. I could be wrong but I dont think so.

[bnorth]

Not sure about cards but with all this waterfront property talk I would love the market to tank for a few months. Looking at buying some and would love to get it at a reduced price.

[1952boyntoncollector]

Originally Posted by iwantitiwinit

We are taking about baseball cards here guys. Their investment value and ability to retain value in my opinion is far different from oceanfront real estate and any real estate for that matter. I think the basic supply demand function is very steep and inelastic for baseball cards, new entrants to the market would appear to be limited and there is no intrinsic value for cards nor is there a basic need for the product ie. shelter. I have a feeling these prices don't hold up much longer. It could be a month, 6 months or a year but they won't hold and there are going to be a lot of unhappy people out there that thought pieces of cardboard would make them rich. I could be wrong but I dont think so.

Artwork doesnt have any real value either and i dont think any cars are really needed for for basic needs hen you are paying 700k....theres always a market for things that arent basic needs......i always hear that basic need argument then i watch pawn stars or any number of auction sites selling tons of non basic need stuff that arent baseball cards and there seems to be always a market for it. Maybe not all time market high but always a market

[Snapolit1]

Originally Posted by 1952boyntoncollector

Artwork doesnt have any real value either and i dont think any cars are really needed for for basic needs hen you are paying 700k....theres always a market for things that arent basic needs......i always hear that basic need argument then i watch pawn stars or any number of auction sites selling tons of non basic need stuff that arent baseball cards and there seems to be always a market for it. Maybe not all time market high but always a market

I'm sure somewhere on the Internet people are warning that the market for 9th Century Mongolian mini ceramic eggs is about to come crashing down, and how lots of people are going to get hurt.

[1952boyntoncollector]

Originally Posted by Snapolit1

I'm sure somewhere on the Internet people are warning that the market for 9th Century Mongolian mini ceramic eggs is about to come crashing down, and how lots of people are going to get hurt.

haha, well it was really really bad back in 2008 economy wise and cards were still selling, albeit for less but for more than what cardboard is worth.

for all the doomsday people, i think we need to at least be close to how things were in 2008 than now before we start the sky is falling threads. Heck the stock market is at an all time high in some respects and a mantle just went for over a million. It cant be bad for the hobby when that happens.

[Snapolit1]

There are not markets based on reason or need, but emotion and nostalgia. A million dollar Mantle card is not "worth" a penny intrinsically. It's worth a million dollars because that's what a person is willing to pay that for it.

And my experience has been that once a group of people is willing to pay a million dollars for something it doesn't lose its value too easily.

[iowadoc77]

Originally Posted by Snapolit1

There are not markets based on reason or need, but emotion and nostalgia. A million dollar Mantle card is not "worth" a penny intrinsically. It's worth a million dollars because that's what a person is willing to pay that for it.

And my experience has been that once a group of people is willing to pay a million dollars for something it doesn't lose its value too easily.

And we collectors will keep the other end of th market going. Good enough for me

[conor912]

Originally Posted by Snapolit1

I'm sure somewhere on the Internet people are warning that the market for 9th Century Mongolian mini ceramic eggs is about to come crashing down, and how lots of people are going to get hurt.

This is brilliant.

[Stampsfan]

Originally Posted by Snapolit1

I'm sure somewhere on the Internet people are warning that the market for 9th Century Mongolian mini ceramic eggs is about to come crashing down, and how lots of people are going to get hurt.

Originally Posted by conor912

This is brilliant.

++++1

I just bought a dozen free range 9th Century Mongolian mini ceramic eggs at Safeway this week.

Wait, I'm now wondering if they were knockoff / reprint eggs.

[Peter_Spaeth]

Rick, who knows. I can only say that for the 25 years I have done this as an adult, one thing after another comes out, and nothing seems to derail the train. Altered cards (rampant), fake holders, shill bidding, WIWAG, preferential grading, conflicts of interest (don't even get me started), hobby icons in jail, inconsistent grading, stuff seems to trump all. So my thinking is that stuff is going to continue to trump all, especially as lots of new money seems to be flowing in.

[mark evans]

I still question whether the aggregate interest and purchasing power of we 'aging' (to be charitable) baby boomers (I'm 67) with regard to vintage cards will be completely replaced by the next generation. Maybe so: we collect old-timers we never saw play so why shouldn't today's youngsters collect Mickey Mantle? On the other hand, there are many other diversions today that the millenials grew up with that lay claim to their disposable dollar.

Also, I've wondered for some time whether we might be headed for a (modest?) economic downturn generally that could impact uses of disposable income and thus the value of collectibles. Since I was a poor economics student in college and never fully understood it, however, feel free to ignore this point.