CNN card story

[Tyruscobb]

Originally Posted by Exhibitman

I had a rather disturbing and perhaps emblematic inquiry from a buyer on an expensive card. In context, the card is a hot one and I decided to push the envelope and ask for a BIN price above the most recent sale a grade higher than the one I had. They guy first bombarded me with emails asking to buy the card for 25% less, which I ignored. I will just quote his last email so you can see what it is:

"Hi, I ended up hitting the buy it now. If it isn't too much of a problem, can I pay on Monday or Tuesday? I'm trying to get it on my next credit card cycle. Wife is killing me with this months bill as it is."

I am not this guy's keeper so I am not going to cancel the sale but when people are going into debt and hiding card purchases from their wives, that's a warning sign as far as I am concerned.

Your potential warning sign reminds me of the one Joe Kennedy received, and acted on, a few weeks before 1929’s crash. A few weeks before the crash, Kennedy overheard a shoeshine boy intelligently discussing the market and giving tips. Kennedy famously stated, “[w]hen the shoeshine boys have tips, the market is too popular for its own good.” He exited the market soon thereafter and saved his fortune. Will you do the same?

[Exhibitman]

I have been...see above post. But

[Rich Klein]

FYI:

In my other world, the one where most collectors exist, the prices on TOPPS FREAKING SERIES 1 Boxes are just out of control. Mind you this is TOPPS FREAKING SERIES 1, The flagship product for this sports card hobby.

https://www.dacardworld.com/search?S...es+1+Baseball+

Note: $29.95 is not totally terrible for a blaster box as after taxes it this is about 25 percent higher than if you bought it at a big box score.

Note the prices on the Hobby Box (Double SRP) and Jumbo (not sure what original SRP was)., And yes people are paying these numbers for these boxes.

Regards
Rich

[swarmee]

Just look what the MSRP on a box of Donruss Basketball Hobby is at... Topps must be a bargain?

[Rich Klein]

Originally Posted by swarmee

Just look what the MSRP on a box of Donruss Basketball Hobby is at... Topps must be a bargain?

Hoops is just as crazy. I'm thankful I try to stay with baseball.

Rich

[rjackson44]

Originally Posted by Rich Klein

Hoops is just as crazy. I'm thankful I try to stay with baseball.

Rich

Hi rich and lamelo ball at $200 holy cow lol

[cardsagain74]

During the mid '90s, I met countless "shoeshine" everyday people who thought they were Wall Street experts, and others (who also noticed that) that were using the same kind of Kennedy Sr. quotes to assume that stocks were ridiculously overvalued at the time.

There's a lot of selective memory used sometimes in remembering how accurate such indicators are. The reality of markets is naturally often a lot more complex and extremely difficult to predict.

For cards at the moment, I think the key to the vault is: "will this be just another junk wax fad, or will the renewed interest in the hobby be more of a mainstay"?

I admit that I really wonder what the answer might be to that. And if that were to go wrong, also fear for the possible downside of the endless string of PSA 9s and 10s of '80s - modern superstars that are worth 10 times what they were a year ago.

But I'm not gonna try to outguess the future too much