Card prices skyrocketing

[Exhibitman]

Originally Posted by jbbama

i thought the Jordan market had topped out, but i was way wrong...crazy prices for his second, third and fourth year graded cards also.... I cant hold any longer, i am moving some of mine now, yes, they may go higher, but anytime i can sell for 5,6,7,8X what i paid i cant be unhappy. These are not rare or low pop at all...... This is INSANE!!

I sold two early Jordans into the first wave and took the profit never thinking it would go up from there but they tripled. I then bought another last October that quintupled, so I will probably list it for sale too. Underprice the last sale by 10% and move it out. Getting hard to find things to flip, though.

[ajjohnsonsoxfan]

Can't think of a better time in the history of card collecting to sell into the surge in pricing. But like most other collectors, I just can't come to grips with letting go of my babies. Trying to "time the market" rarely coincides with a real world scenario when you actually need the money and are forced to sell.

[rjackson44]

I just sold two psa lebron topps chrome psa 10s . I paid $1200 thought i was crazy ..will not say what they sold for . Meet the person in ct. 23 yrs old nuff said. I like the friends ive made in this hobby. I love selling $20 cards . I have shaq and iverson raw rookies i paid .75 for if you need them ...ok you get the picture .its insane

[Tyruscobb]

The last call to sell at the market’s top is potentially upon us. I just read multiple articles (from credible news sources) that COVID cases have dropped 77% in the past 6 weeks. More than 15% (U.S. population) have already received the vaccine and that number only increases each day.

Physicians (from highly credible medical institutions) just said that herd immunity will potentially take effect as early as this April. If so, things will quickly open up, especially around summer, and people will reallocate their current card budget funds to vacations, concerts, bars, restaurants, experiences, etc.

Some people will exit the hobby as quickly as they entered it. Some will remain, but spend less money on cards. The current demand level for cards will decrease. Those that completely exit the hobby may want to sell. If so, this will also increase the supply. Reduced demand and increased available supply is great for us collectors (not investors). Plus, how many cards that were previously in dusty closets and attics were re-discovered during the pandemic and graded or brought to the market? Vintage supply, at least card’s to the market, will increase in the near future.

Sure my collection’s value will significantly decrease when this plays out, but I don’t care. All the gains were just paper ones anyway. I only sell or trade when I upgrade an existing card. I’m ready for prices to crater, so I can resume purchasing cards on my wishlist. I can afford the cards on my list, but not in the grades I want. I’m priced out of the grades. I’ve had to settle for lower grades, and refuse to do it anymore.

Those that are considering selling may want to make the move. Sell at today’s prices, and then rebuy the same cards (and a lot more, or in better grades) at tomorrow’s prices. No one can perfectly time the market. We potentially are at the peak and may begin descending the other side soon. Let’s hope for the sake of people’s well-being - physical, mental, financial, spiritual, etc.!

[Johnny630]

Originally Posted by Tyruscobb

The last call to sell at the market’s top is potentially upon us. I just read multiple articles (from credible news sources) that COVID cases have dropped 77% in the past 6 weeks. More than 15% (U.S. population) have already received the vaccine and that number only increases each day.

Physicians (from highly credible medical institutions) just said that herd immunity will potentially take effect as early as this April. If so, things will quickly open up, especially around summer, and people will reallocate their current card budget funds to vacations, concerts, bars, restaurants, experiences, etc.

Some people will exit the hobby as quickly as they entered it. Some will remain, but spend less money on cards. The current demand level for cards will decrease. Those that completely exit the hobby may want to sell. If so, this will also increase the supply. Reduced demand and increased available supply is great for us collectors (not investors). Plus, how many cards that were previously in dusty closets and attics were re-discovered during the pandemic and graded or brought to the market? Vintage supply, at least card’s to the market, will increase in the near future.

Sure my collection’s value will significantly decrease when this plays out, but I don’t care. All the gains were just paper ones anyway. I only sell or trade when I upgrade an existing card. I’m ready for prices to crater, so I can resume purchasing cards on my wishlist. I can afford the cards on my list, but not in the grades I want. I’m priced out of the grades. I’ve had to settle for lower grades, and refuse to do it anymore.

Those that are considering selling may want to make the move. Sell at today’s prices, and then rebuy the same cards (and a lot more, or in better grades) at tomorrow’s prices. No one can perfectly time the market. We potentially are at the peak and may begin descending the other side soon. Let’s hope for the sake of people’s well-being - physical, mental, financial, spiritual, etc.!

I agree on many aspects pointed out above, pretty much all except I don’t believe key vintage high end cards will not pull back that much Ext+-Nrmt Cobbb, Ruth, Jackie, Mantle, Aaron, and Mays.

[joshuanip]

Originally Posted by Johnny630

I agree on many aspects pointed out about, pretty much all except I don’t believe key vintage high end cards will not pull back that much Ext+-Nrmt Cobbb, Ruth, Jackie, Mantle, Aaron, and Mays.

I have two or three cards moving up like a Gamestop stock....unfortunately I'm a HODL, and I can care less (thank God).....


Before you sell your cards. Here is a 2020 article for perspective. He was right, those goudey Ruths shot right through those rising price points. You held this long, why sell now - you can’t time the markets but the momo definitely goes longer than we expect... dang too bad I only have one goudey Ruth below.

https://prewarcards.com/2020/03/07/b...ut-of-control/

[Republicaninmass]

Originally Posted by joshuanip

I have two or three cards moving up like a Gamestop stock....unfortunately I'm a HODL, and I can care less (thank God).....

At some point, mine will be SODL!

[Tyruscobb]

Originally Posted by Johnny630

I agree on many aspects pointed out about, pretty much all except I don’t believe key vintage high end cards will not pull back that much Ext+-Nrmt Cobbb, Ruth, Jackie, Mantle, Aaron, and Mays.

The rising tide raises all boats just like the descending one lowers all boats. I agree that top grade, blue-chip cards will withstand dropping prices better than others, but even they won’t defy supply/demand economic principles.

Even low-grade cards are getting ridiculous. A ‘53 Topps Mantle 1 for $3k? WoW.

https://www.ebay.com/itm/1953-Topps-...QAAOSwi09gEKcH