Money in the hobby

[Tennis13]

I have thought about this a lot. First, I think 1950s-1960s is exploding because a ton of baby boomers are aging and capturing their history. I am much younger but still get excited opening a 1986 Donruss pack and hitting a worthless Canseco. So in that scenario a rising tide lifts all boats.

Vintage: perhaps there is some foreign laundering going on? I learned a ton about Macau and getting onshore money offshore. Throw into that some other country money that needs to be parked and that could explain some of the rise in value.

That said, some of these auctions from late 2015/early 2016 prices look a little inflated. We will see, but if they are inflated and you pay 10% to 15% to launder money, that's ok, right?

You are seeing foreign money that needs a home in a ton of urban real estate markets on the high end. Why not baseball cards if they meet an ultimate need which may not be a collector need?