A question about the current market

[Santo10Fan]

People who never had time for their hobbies in the past finally have time to focus on them. We've all found some therapeutic value in this hobby and now others are too. The Jordan rookie card frenzy seems directly related to ESPN's work so it's no small wonder they would look to amplify that with hobby related stories. PSA 10s have moved from $20K to $50K within the span of a year. If I had one I'd be selling quick and look to buy it back on the way down with that leftover cash in my pocket.

BTW, the next big ESPN hobby-relevant is “Long Gone Summer,” about McGwire and Sosa’s quest to topple Roger Maris’s single-season home run record in the summer of 1998.

[mechanicalman]

I look at vintage prices through the lens of what's happening in modern. When folks are willing to pay $40K for Luka Doncic or $6K for PSA 8 Jordans from 1986, a T206 Cobb 3 or 4 seems like an absolute bargain in comparison.

Many people on this board are "rooting" for a correction, but I doubt it will happen anytime soon, if ever.

[vintagebaseballcardguy]

Originally Posted by Santo10Fan

People who never had time for their hobbies in the past finally have time to focus on them. We've all found some therapeutic value in this hobby and now others are too. The Jordan rookie card frenzy seems directly related to ESPN's work so it's no small wonder they would look to amplify that with hobby related stories. PSA 10s have moved from $20K to $50K within the span of a year. If I had one I'd be selling quick and look to buy it back on the way down with that leftover cash in my pocket.



BTW, the next big ESPN hobby-relevant is “Long Gone Summer,” about McGwire and Sosa’s quest to topple Roger Maris’s single-season home run record in the summer of 1998.

Thanks for the helpful comments, guys. There are a lot of moving parts in our hobby for sure. You all have made good comments.

Since you mentioned the Jordan, I quoted your post because my situation is a bit similar. I have a pair of 2011 Trouts (one 8, one 10) that I have decided to take a swing at selling. I'm really not good at this end of things, I just like to buy what I like and collect. I am not necessarily in a hurry to sell, but I would like to get a green T206 Cobb eventually, when the time is right. No rush there either.

I am not a big spender normally, so moving those Trouts would be necessary for me to land the Cobb. A buddy of mine called me nuts for trying to sell the Trouts...the 10 could be a $5,000 card the way it's going was his point. I don't know, he could be right. I told him it's not a matter of right or wrong, just personal preference.

I really like T206, especially that green Cobb. For about the last 4 years I have admired T206 but mostly just flirted with it. I have managed to pick up a few HOFers, but I see this as a chance to get a green Cobb. Someday, I would also like to get a red one and a bat off.

If our cards were only "worth" $50 a piece tomorrow instead of $3000, $5000, or whatever, would you still like your collection? That's what I ask myself and why I want to position myself to eventually get a Cobb.

Sent from my SM-G960U using Tapatalk

[Bigdaddy]

Leon,

Can you somehow freeze this thread after a couple of more days and then revive it in two years? I'm sure we'll all be laughing at some of the comments here and shaking our heads in frustration at some of the others.

Is this a last chance to buy before a permanent ratchet-up or the last chance to sell at historically inflated prices? Only time will tell.

My take - despite the economy taking a massive hit, there is still lots of discretionary money out there looking for a place to park. Unemployment is at near record levels, but the stock market has already gained back over 50% of its dip from early March. And once the workforce is allowed fully back to work, we'll continue the steady trend of the past couple of years. The only place I see the possibility of a permanent correction is in the modern market where manufactured scarcity is a driving force. How many 1/1s can the market absorb?

Of course, I could be wrong.

[Johnny630]

Originally Posted by Bigdaddy

Leon,

Can you somehow freeze this thread after a couple of more days and then revive it in two years? I'm sure we'll all be laughing at some of the comments here and shaking our heads in frustration at some of the others.

Is this a last chance to buy before a permanent ratchet-up or the last chance to sell at historically inflated prices? Only time will tell.

My take - despite the economy taking a massive hit, there is still lots of discretionary money out there looking for a place to park. Unemployment is at near record levels, but the stock market has already gained back over 50% of its dip from early March. And once the workforce is allowed fully back to work, we'll continue the steady trend of the past couple of years. The only place I see the possibility of a permanent correction is in the modern market where manufactured scarcity is a driving force. How many 1/1s can the market absorb?

Of course, I could be wrong.

You have Horse Sense Sir !!! I agree 100% with you.

[sreader3]

I suspect that many people who collect vintage cards, especially those willing to shell out $5K+ for a single card, are aggressively looking for alternatives to buying tech stocks at record high valuations or bonds at record low yields. So I will hazard a guess that mid-grade Green Cobb prices will rise in the coming year. Plus, if you buy one now rather than waiting for a dip that may never come, you will seriously reduce your FOMO stress level. And you will enjoy looking at it every night.