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

[Seven]

Maybe he can tell me what the next Gamestop will be! In all seriousness, regardless of what this guy says, we'll all be here, still collecting.

[BCauley]

He sounds like a real stand up kind of guy.

He originally faced 19 felony counts after authorities said he used other people’s Social Security numbers to open player accounts at casinos. The alleged crimes occurred between February 2015 and February 2016 and involved transactions that amounted to more than $1.2 million.

https://www.reviewjournal.com/crime/...court-1584318/

[Ronnie73]

I believe there will be a crash in the next few years. But only on the newer stuff. I just can't see the same process continue for many more years. Some people got back in to the new stuff for a year or two and then realized the money just wasn't there unless you were one extremely lucky person and gets the big hit of the year. But a majority don't and eventually fade away from the hobby, while new collectors join in thinking they are going to make some quick money. But the same thing happens. At some point most people will have already been burned and the new cards will drop in price. I watch the new case breaks on YouTube. They make a big deal on the case hit and by next year, it's a $10 card. People are buying in at $50 to $150 average and maybe a couple people break even and one person actually makes a profit, but the majority lose. I tell people all the time, why are you buying a brand new manufactured rarity for more money than a T206 HOF card. Topps and Panini are not over producing like in the late 1980's and early 1990's, but they are coming out with a new product it seems like every week. And each of their products have chase cards and color parallels which is mostly what everyone is interested in. There's just too many cards overall. A 1 of 1 card sounds super rare but they make over a 1000 different 1 of 1 cards per year. So it just isn't as special. Plus the added hype on these videos when a box is being opened. A few days ago I watched Vegas Dave open a box of 1986 Fleer Basketball. Every card he'd price was maybe what a PSA 10 would sell for. I didn't see many cards with perfect centering. But the hype pulls people in, they spend money, they lose money, and the next person comes along. Eventually people catch on. Most are not really aware of true vintage, before Topps. I don't see the true vintage cards taking a big hit when the new card hobby crashes. But that's been my opinion for a couple years now. We'll just have to wait and see.