Will this stock market madness affect cards?

[MULLINS5]

Originally Posted by Dpeck100

My two major calls were that wrestling cards and specifically the Wrestling All Stars would explode and Mike Tyson cards would too. I bet significantly on this and in both cases good ole Patrick suggested I was crazy.

I never bet against you on those cards.

You purchased nearly all of the supply of Wrestling All-Star cards (an obscure, unpopular set at the time) and then spammed the living hell out of them for years on the Collector's Universe forums - even when the majority begged you to stop (even though I defended you at the time). You even said that you intentionally bid on these cards to maintain their values and hype - but if you won the auction intended to pay so it wasn't shilling. It's also a set that was made, literally, in a guy's basement and I don't see how anybody can tell the difference between these and fakes (think Star Basketball). I held PSA at high esteem at the time and even had doubts then - given what's been uncovered lately I am of a string opinion they do not have the resources to accurately grade or authenticate these.

[Dpeck100]

Originally Posted by MULLINS5

I never bet against you on those cards.

You purchased nearly all of the supply of Wrestling All-Star cards (an obscure, unpopular set at the time) and then spammed the living hell out of them for years on the Collector's Universe forums - even when the majority begged you to stop (even though I defended you at the time). You even said that you intentionally bid on these cards to maintain their values and hype - but if you won the auction intended to pay so it wasn't shilling. It's also a set that was made, literally, in a guy's basement and I don't see how anybody can tell the difference between these and fakes (think Star Basketball). I held PSA at high esteem at the time and even had doubts then - given what's been uncovered lately I am of a string opinion they do not have the resources to accurately grade or authenticate these.

I will let you remember the events how you do and how I do.

The good news for me is it all worked out great.

[MULLINS5]

Originally Posted by Dpeck100

I will let you remember the events how you do and how I do.

The good news for me is it all worked out great.

They're preserved on Collector's Universe. I believe you said you bid up 80% of the most recent sale of the card, not necessarily to win. If you win, you pay, no foul. Something along those lines.

I don't have to worry about whether or not something holds value, and that is good news for me.

[Goudey77]

Patrick I admire that collectors mindset. It’s what fuels us all since we were kids.
We all have a unique approach and point of view to our collections.
Why the tit for tat to air out what’s been said...
Let’s get this thread back on track.

Originally Posted by MULLINS5

They're preserved on Collector's Universe. I believe you said you bid up 80% of the most recent sale of the card, not necessarily to win. If you win, you pay, no foul. Something along those lines.

I don't have to worry about whether or not something holds value, and that is good news for me.

[Dpeck100]

Originally Posted by MULLINS5

They're preserved on Collector's Universe. I believe you said you bid up 80% of the most recent sale of the card, not necessarily to win. If you win, you pay, no foul. Something along those lines.

I don't have to worry about whether or not something holds value, and that is good news for me.

Go read them and have fun. Every once in awhile I will read one and crack myself up.

Good for you. Enjoy your collecting and I will too. I love having cards that have gone up. Anyone who says they don't is just fooling themselves.

[Goudey77]

Originally Posted by Dpeck100

Go read them and have fun. Every once in awhile I will read one and crack myself up.

Good for you. Enjoy your collecting and I will too. I love having cards that have gone up. Anyone who says they don't is just fooling themselves.

David, world class wrestling collection. Always enjoyed your knowledge of the wrestling card world. The price increases are well deserved. The All Stars have finally staked their claim in the hobby!

[MULLINS5]

Originally Posted by Goudey77

David, world class wrestling collection. The price increases are well deserved.

A lot of effort went into cooking those increases.

[Dpeck100]

Originally Posted by Goudey77

David, world class wrestling collection. Always enjoyed your knowledge of the wrestling card world. The price increases are well deserved. The All Stars have finally staked their claim in the hobby!

Thank you.

There is no such definition as a true collector. I have never heard anyone with a bad ass collection say there is. It is always the person from afar.

Patrick was busting 89 Topps Hockey. Good for him. I would never question his motives or care and if he wanted to burn cash on the project so be it. It is his money.

Collect what you like. How you like. If one wants to speculate so be it. If one wants to hoard so be it.

It is baffling that people think they know what the definition of a true collector is and you only qualify if you don't care about value. Most of us in our 40's are a product of the 80's baseball card chase where the fresh Beckett with up arrows was like reading the Bible. It is why many are successful in life today.

[MULLINS5]

Originally Posted by Dpeck100

Thank you.

There is no such definition as a true collector. I have never heard anyone with a bad ass collection say there is. It is always the person from afar.

Patrick was busting 89 Topps Hockey. Good for him. I would never question his motives or care and if he wanted to burn cash on the project so be it. It is his money.

Collect what you like. How you like. If one wants to speculate so be it. If one wants to hoard so be it.

It is baffling that people think they know what the definition of a true collector is and you only qualify if you don't care about value. Most of us in our 40's are a product of the 80's baseball card chase where the fresh Beckett with up arrows was like reading the Bible. It is why many are successful in life today.

Goudey brought up "true collectors" so only then did I chime in on my opinion.

I was a fool for busting 89 Topps Hockey and then trusting PSA to grade it. They're a scam company, IMO.

Sure, we all care about value to some extent - it's always nice to get what we pay for something.

[cardsagain74]

Originally Posted by Dpeck100

Most of us in our 40's are a product of the 80's baseball card chase where the fresh Beckett with up arrows was like reading the Bible. It is why many are successful in life today.

Preach. When I was a dealer at shows during high school ('89 to '92) during the boom, opening that Beckett each time as a teen was like getting to check your growth stocks for the first time in a month.

Those years taught me so much and got me well ahead of the curve when it came to learning about adult finance, people, success, and failure

[samosa4u]

Originally Posted by MULLINS5

I never bet against you on those cards.

You purchased nearly all of the supply of Wrestling All-Star cards (an obscure, unpopular set at the time) and then spammed the living hell out of them for years on the Collector's Universe forums - even when the majority begged you to stop (even though I defended you at the time). You even said that you intentionally bid on these cards to maintain their values and hype - but if you won the auction intended to pay so it wasn't shilling. It's also a set that was made, literally, in a guy's basement and I don't see how anybody can tell the difference between these and fakes (think Star Basketball). I held PSA at high esteem at the time and even had doubts then - given what's been uncovered lately I am of a string opinion they do not have the resources to accurately grade or authenticate these.

Whatever he did, he turned a piece of turd into a piece of gold, and that's brilliant IMO. Good job, Peck.

[MULLINS5]

Originally Posted by samosa4u

Whatever he did, he turned a piece of turd into a piece of gold, and that's brilliant IMO. Good job, Peck.

It's actually pretty easy to do. I've seen it happen quite a bit in the antiquarian book world.

[drcy]

A key reason they are doing the steps they are doing is not because it's the black plague. They are doing it to lower and lengthen the curve. If there is a large peak, it would swamp the healthcare system, hospitals and hospital resources.

[Rich Klein]

"Treasury Secretary Steven Mnuchin warned Republican senators Tuesday that the coronavirus pandemic could drive up US unemployment to 20%, a Republican Senate source told CNN."

Skipping politics aside, if we get close to 20 percent unemployment the card market will suffer as many people will have to sell at reduced prices to put food on the table, pay rent, etc.

The 2008 recession led to 10 percent unemployment by October, 2009. This would be double that figure. If you remember how 2007-10 was, then you have an idea what 2020-22 would be and then some.

Rich

[Johnny630]

Originally Posted by Rich Klein

"Treasury Secretary Steven Mnuchin warned Republican senators Tuesday that the coronavirus pandemic could drive up US unemployment to 20%, a Republican Senate source told CNN."

Skipping politics aside, if we get close to 20 percent unemployment the card market will suffer as many people will have to sell at reduced prices to put food on the table, pay rent, etc.

The 2008 recession led to 10 percent unemployment by October, 2009. This would be double that figure. If you remember how 2007-10 was, then you have an idea what 2020-22 would be and then some.

Rich

I see ZERO CHANCE of US Unemployed going to %20 Won’t Happen......thankfully it won’t even get close :-)

[Rich Klein]

Originally Posted by Johnny630

I see ZERO CHANCE of US Unemployed going to %20 Won’t Happen......thankfully it won’t even get close :-)

For ALL of us Johnny, I hope and pray you are correct.

Rich

[sbfinley]

Originally Posted by Johnny630

I see ZERO CHANCE of US Unemployed going to %20 Won’t Happen......thankfully it won’t even get close :-)

I also hope you are correct, but the service and retail sector is going to hit hard the longer this pandemic drags out. As someone in service sector operations I know the conference call I took yesterday was very bleak and I'm sure I wasn't the only one on a like that call recently. Do I believe "true" unemployment can reach 20% soon? Probably not. But I can absolutely see temporary layoffs and closures pushing the percentage of the workforce going a period of time without a full paycheck or without one completely well past 20%.