10K for a Young portrait in a 5

[bounce]

Originally Posted by Peter_Spaeth

That explanation was given in 2016 too, FWIW.

Originally Posted by Leon

More collectors are coming to their senses and collecting cards and not flips?

Originally Posted by Leon

It was important then and more important now . And I think we have been saying buy the card and not the holder since the Gretzky Wagner was graded.

And this is why it's been called "collecting" and not "investing", up until last few years anyway?

I can't imagine EVER referring to my collection as a "portfolio". Good grief.

Seems to me the "justification machine" is on full tilt right now.

What's next - extensive restoration?!?!

[ullmandds]

Originally Posted by bounce

And this is why it's been called "collecting" and not "investing", up until last few years anyway?

I can't imagine EVER referring to my collection as a "portfolio". Good grief.

Seems to me the "justification machine" is on full tilt right now.

What's next - extensive restoration?!?!

yep!

[steve B]

Originally Posted by bounce

And this is why it's been called "collecting" and not "investing", up until last few years anyway?

I can't imagine EVER referring to my collection as a "portfolio". Good grief.

Seems to me the "justification machine" is on full tilt right now.

What's next - extensive restoration?!?!

By "last few" do you mean since the 1980's? Because I've heard cards referred to as investments since at least then.

[bounce]

Originally Posted by steve B

By "last few" do you mean since the 1980's? Because I've heard cards referred to as investments since at least then.

And the same thing was at one point or another said about:
Beanie Babies
Hot Wheels / Matchbox cars
Precious Moments figurines
Antique miniature trains
Cabbage Patch kids
All those limited edition plates
Tons of Franklin Mint stuff

Just because someone says it doesn't make it so.

It's impossible to deny that in the past 3-4 years specifically, the talk of "alternative asset class" and "investment portfolio of cards" has reached a whole new crescendo.

[Touch'EmAll]

Ha, good one! She actually has the kids dialed in with shoes. Just stretched a little thin right now with repairs to a couple of houses.

[Peter_Spaeth]

Eye appeal greatly affects market value. Since 2015, cards with superior eye appeal, highlighted by the PWCC Certified High End brand, have realized prices 65% higher than market value on average. A complete download of all PWCC-HE sales and related statistics is available on PWCC Marketplace website.

The premium paid for cards with superior eye appeal and highlighted by the PWCC-HE designation reveals an investment trend largely in its infancy. As a key investment variable, the eye appeal of a vintage trading card seems destined to have an increasingly significant impact on market value for the foreseeable future. Investors are encouraged to take notice of this topic and invest accordingly.

THIS IS A QUOTE FROM PWCC

[steve B]

Originally Posted by bounce

And the same thing was at one point or another said about:
Beanie Babies
Hot Wheels / Matchbox cars
Precious Moments figurines
Antique miniature trains
Cabbage Patch kids
All those limited edition plates
Tons of Franklin Mint stuff

Just because someone says it doesn't make it so.

It's impossible to deny that in the past 3-4 years specifically, the talk of "alternative asset class" and "investment portfolio of cards" has reached a whole new crescendo.

Yes, it's increased lately, and with more flowery language.


But the number of people who were expecting to put their kids through college on their holdings of 1990 cards was really large. And buying lots of 100 or 500 or more of the "can't miss" rookies was a thing in at least the early 80's.

[Snapolit1]

Originally Posted by steve B

Yes, it's increased lately, and with more flowery language.


But the number of people who were expecting to put their kids through college on their holdings of 1990 cards was really large. And buying lots of 100 or 500 or more of the "can't miss" rookies was a thing in at least the early 80's.

None of the above were collected by 50 year old + financially set rich men. Not many filthy rich dudes on Wall Street or in Silicon Valley were collecting Beanie Babies or match box cars.

[steve B]

Originally Posted by Snapolit1

None of the above were collected by 50 year old + financially set rich men. Not many filthy rich dudes on Wall Street or in Silicon Valley were collecting Beanie Babies or match box cars.

The original statement was that it's only been in the "last few" years that cards have been considered and investment.


to me last few is somewhere around 5 years give or take maybe a couple.


Here's a pretty serious article about collectibles as an investment from 1999 sadly behind a paywall.

https://www.jstor.org/stable/2647019...n_tab_contents


Grading companies were started mostly to attract the guys with big money. Enough people wanted to collect, wanted quality, but didn't want to spend a lot of valuable time learning how to tell what was great and what was average. PSA got into it around 1990? 91?
So roughly 28 years ago.


From 2012, the toy boat collector in the article had been collecting for 30 years. And it seems wasn't exactly short of cash...
https://www.cnbc.com/2014/04/11/inve...ible-toys.html