What is happening with baseball card prices?

[dio]

Originally Posted by jchcollins

So you believe that the market is being manipulated, and prices are moving on the whole only because of a few sellers? OK.

Then do as Adam suggested, and take PWCC, Probstein, and I don’t know Dean‘s maybe out of those sales results and re-baseline everything. If your new averages for particular cards come out way lower, then yes a few sellers could theoretically be doing this, but as to the sales themselves, then to me that would insinuate “en masse” as to their volumes.

I don’t buy it.


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I don't agree price move just because of few seller, more like covid period brings in a LOT of collector, especially the rich, look at the dude bought the 5.2 mil mantle, he's showing off everywhere, on tv, youtube etc... and all his 100 million buck buddies will want to do the same , it just have attracted the rich people into this hobby

There's just a huge demand for sportscard, especially the good ones
just look at the WTB in our BST section, never seen this before.
It is just Hot market, like tesla stocks, like bitcoin. and this hobby is addictive, and American now loves to showoff @ instagram, fb.

[jchcollins]

Originally Posted by dio

I don't agree price move just because of few seller, more like covid period brings in a LOT of collector, especially the rich, look at the dude bought the 5.2 mil mantle, he's showing off everywhere, on tv, youtube etc... and all his 100 million buck buddies will want to do the same , it just have attracted the rich people into this hobby

There's just a huge demand for sportscard, especially the good ones
just look at the WTB in our BST section, never seen this before.
It is just Hot market, like tesla stocks, like bitcoin. and this hobby is addictive, and American now loves to showoff @ instagram, fb.

Agreed that additional "rich" speculation and other competing demands for collector dollars that are suddenly now not there are likely way more responsible for the boom than massive, covert price manipulation by big dealers and auction houses.

[Exhibitman]

I've been selling into this wave for months and it is real. There are certainly some bogus transactions out there but I've been cleaning house on stuff I never thought I could sell except at massive discounts. My last AH consignment closed in January and the result exceeded my expectations by nearly 100%.

As for the $1200, $2000, or whatever, for someone making a good enough living to responsibly and regularly buy four-figure cards it is a financial blip. I am not wealthy and definitely not in a unique financial position, and I am telling you that the cards I bought in this horrible year had nothing to do with a stimulus check. I didn't even qualify to get one. For me it was not paying for all of the other leisure activities. I saved far more than $1200 just not going out to dinner over the last year and a multiple of that not going on any of the vacations or trips we planned. Hell, dinner and show for my wife and me is $300 or more, and a week in HI will cost us $5K. I go to a couple of concerts every summer. In 2019 summer I went to see Heart and Joan Jett (great show, BTW) with decent, not great, seats at the Hollywood Bowl and between that and dinner I dropped over $400. My floor seats for Green Day in 2017 plus dinner were over $400 for the pair:



And worth every dime!



My wife's salary got cut 20% at the start of this and we didn't even feel it because our spending dropped 35%. No dinners out, no maid, no trips, terminated gym memberships, no wardrobe since we are not going to formal offices, no commute expenses, no food at work costs, etc. That's where the money is. Plus, WTF else am I going to do with it, put it into the bank at 0.1%?

[Seven]

Originally Posted by Exhibitman

I've been selling into this wave for months and it is real. There are certainly some bogus transactions out there but I've been cleaning house on stuff I never thought I could sell except at massive discounts. My last AH consignment closed in January and the result exceeded my expectations by nearly 100%.

As for the $1200, $2000, or whatever, for someone making a good enough living to responsibly and regularly buy four-figure cards it is a financial blip. I am not wealthy and definitely not in a unique financial position, and I am telling you that the cards I bought in this horrible year had nothing to do with a stimulus check. I didn't even qualify to get one. For me it was not paying for all of the other leisure activities. I saved far more than $1200 just not going out to dinner over the last year and a multiple of that not going on any of the vacations or trips we planned. Hell, dinner and show for my wife and me is $300 or more, and a week in HI will cost us $5K. I go to a couple of concerts every simmer. In 2019 summer I went to see Heart and Joan Jett (great show, BTW) with decent, not great, seats at the Hollywood Bowl and between that and dinner I dropped over $400. My floor seats for Green Day in 2017 plus dinner were over $400 for the pair:



My wife's salary got cut 20% at the start of this and we didn't even feel it because our spending dropped 35%.

Great Shot of the stage! I'm definitely looking forward to going back to concerts again! As a side note, It usually involves me traveling a state or so over. For the price of one at the Garden, I can get better tickets in Philadelphia, plus pay for my gas, parking and a Cheesesteak!

More of echoing what I was saying earlier. Spending is down for everyone, might as well throw it into our Hobby! I cannot speak to the bogus transactions part, but at this point with the way certain prices are going, I might have to sell cards which I always said were "Unsellable" I have to get the money for some of the other cards I want somehow!

[Exhibitman]

it was amazing! We were right next to the mosh pit. I am too old for that nonsense but it was a blast anyway. At 6'4" I am fine in a crowd like that, but my wife who is a foot shorter gets claustrophobic and refuses to go, so I have to go with my daughter, who is 5'10" and can throw an elbow like a power forward. A few more from the show:

[Johnny630]

https://www.ebay.com/itm/1952-Bowman...IAAOSwZylgHI8t


How can this be explained ??????

This card has consistently sold between $5,500-7,500 of recent in 7 Grade now with 2 days left this $40,000 ???????

This one takes the cake......how does this make sense??

[packs]

In this very thread is the same phenomenon I described above.

[sflayank]

Can't be explained
There's a BIN for 18k up there psa 7
Nobody is paying 40k for sgc 7

[rats60]

Originally Posted by Johnny630

https://www.ebay.com/itm/1952-Bowman...IAAOSwZylgHI8t


How can this be explained ??????

This card has consistently sold between $5,500-7,500 of recent in 7 Grade now with 2 days left this $40,000 ???????

This one takes the cake......how does this make sense??

The PSA 7 rookie sold for 115 k, so maybe the price isn't too far out of line. Time will tell if these prices are real or can hold. We went thru this in 2016, but this is much bigger affecting pretty much everything.