State Of The Hobby

[Snapolit1]

My suspicion is that people are making the same dire observations and critiques on this board in April 2019 that they were making somewhere else in April 1979.

"Can you believe some lunatic just paid $5,000 for a Honus Wagner card. Investors are invading and ruining the hobby. This is going to end really badly!"

Hell, I was supposedly late to the Brooklyn, NY land rush of the 1990s. Bought a condo for $85,000 and it was sheer utter insanity. Heard it from a lot of people. Sold long ago and is now on the market for $1.3M.

I will stick with the old line "nobody knows nuthin. . . and if they do they ain't tellin' anyone."

[rjackson44]

david peck is right on the money ,,,

[Arazi4442]

Personally, I'm just a collector. Like many, I got back into collecting once I had some steady employment and a little disposable income. I think I've sold only one or two cards in the past couple years and that was because I was able to locate upgrades.

Leon's point about the number of "investors" in the hobby now would scare me a little if I was in it to turn a profit. We've seen a bull market for close to a decade or more now. I'm sure some of that money is going into collectibles. If the market turns and those investors are suddenly in need of cash, I could see the high-end market taking a nose-dip.

Of course, once the market/economy turned again, we'd probably see another influx of investors vs. collectors driving that high-end market up again. It's probably a cycle, like most things.

[samosa4u]

Originally Posted by Snapolit1

I will stick with the old line "nobody knows nuthin. . . and if they do they ain't tellin' anyone."

+1