Vegas Dave: The Sports Card Market will Collapse in 24-36 Months

[Exhibitman]

Originally Posted by bbcard1

Gary Vee put out a contradictory statement that we have just seen the tip of the iceberg.

Looks like we need a cage match between Vegas Dave and Gary Vee. Might look something like this:

[brianp-beme]

When it comes to my collectible expenditures, I place my trust in Atlantic City Sal, who knows a thing or two about a thing or two.

Brian

[Exhibitman]

[jbsports33]

The only speculation in trading cards is the real high end stuff, the shill bidding within auctions and grading practices. Many of the stories I do not want to hear about when I started in this hobby, but I keep going anyways. Nothing has changed on my end still the same dealer in the middle with fair prices and some eBay auctions

Prices always change - up and down, I never thought it would come back 10 years ago - let's just enjoy the hobby!

Happy Collecting!

Jimmy

[bmattioli]

I only buy low grade so I'm good..

[BobbyStrawberry]

I have no idea who Vegas Dave is or why he would demean his customers, but I'm curious how he landed on 24-36 months. It seems to me that if the bubble bursts (to whatever extent) it will be sooner than that.

[Exhibitman]

Originally Posted by BobbyStrawberry

I'm curious how he landed on 24-36 months.

Six months to a year to stampede the herd towards the exit, another six months to a year to buy up everything they sold, then start pimping it all over again.

[Directly]

Per Dave--"Oh and by the way, Pokémon Cards are the biggest waste of money. Years from now please remember this. This by far is the the worst investment you can make long term"


There may be worst ways to waste money, cigarettes' came to mind, even though they are rather expensive, people still buy them.

[Tao_Moko]

How many have searched "Vegas Dave" since this post. I'm resisting temptation hard! Don't want him to win my click.

[Snapolit1]

Market will crash in 2-3 years. Nice. That's a finely tuned call.

Magic 8 ball a bit foggy.

[Fred]

Is there an over/under on this time frame? If so, I'll take the under.

[joshuanip]

As other assets like stocks, it’s normal and healthy to consolidate after a boom.

But to predict a bust just because it ran up doesn’t factor the possibility i) there may be a consolidation period to digest the run up and ii) asset prices generally rise over the long run through the cycles- which cards have exhibited several times as we long time collectors experienced.

His name is Vegas Dave for a reason I guess...

IMO, every asset class is in a bubble due to the central bank liquidity. Given fed messaging for QE support for the next several years, add fiscal stimulus, they effectively removed cyclicality in the economy - so we may hit bumps but I take the over...

[bnorth]

Originally Posted by bmattioli

I only buy low grade so I'm good..

I collect those type myself.

[Casey2296]

Precursor to the Topps 3-d cards.

[perezfan]

Life was far better before the advent of the "Influencer". It might be the dumbest term/concept I've ever heard. Who the hell decided these people are necessary to society, and who (besides themselves) appointed them king?

[Harliduck]

Never heard of this clown...but if those big time 1 of 3 cards or whatever crash, they will effect the 1% of collectors he references, not the 99%. The 99% have been waiting for a crash so we can buy more cards as said...haha. If your 57 Mantle drops to 50 bucks, I'll buy it...and thousands more will be in line. I think he had that backwards.

No matter what is said...what a jerk to insult and demean the man who just paid him millions. My dad would've kicked my ass if I did that.

[conor912]

Originally Posted by brianp-beme

When it comes to my collectible expenditures, I place my trust in Atlantic City Sal, who knows a thing or two about a thing or two.

Brian

I’m a Reno Vito guy myself.

[todeen]

Originally Posted by brianp-beme

When it comes to my collectible expenditures, I place my trust in Atlantic City Sal, who knows a thing or two about a thing or two.

Brian

Sent from my SAMSUNG-SM-G930A using Tapatalk

[jcmtiger]

Glad I sold my 4 T206 cobbs. A couple years ago. I’m 79 did not want to wait any longer. Got a great payday. Joe not sure what this guy is talking about.

[mark evans]

Of course, no one knows whether Vegas Dave is right or not. Kind of tough to predict the future. It would not surprise me at all if there were some 'correction' in values down the road. To me as a collector, the answer has always been to buy what I like to own and look at. If the cards increase in value, good. If not, that's ok too.

[Michael B]

To paraphrase and bastardize the great Ned Beatty as Senator Meachum in 'Shooter':

‘The truth is what I say it is’

‘It's not really as bad as it seems. It's all gonna be done in any case. You might as well be on the side that gets you well paid for your efforts. There are no sides. There’s no collectors and investors. There's only haves and have-nots. And nobody questions the Desert Douchebag, because they don't want to hear the answer because it's a lie! There's only so many places at the table, so sell out now and you can walk away with something.

[maddux31]

I followed him on IG for a bit, but he just got to be too much for my liking. When he would try and hype up Derek Carr cards as the next big thing he lost all credibility with me.

I don't know all the specifics, but he had been living in his parent's basement for a while. He was dating Holly Sonders and instead of shacking up with her he made the decision to stay away from her and concentrate on his sports betting gig.