When to SELL / What IF...

[joshuanip]

Originally Posted by Fred

At what point would you sell ALL or a major part of your collection?

If things continue to escalate, would you sell off your collection if it meant you could buy a nicer home? If you could retire 10 years (or more) earlier? What about just a couple years earlier?

What if you had a card that you paid less than a grand for and now could get $100K for it. Sell it? Hold it?

What IF the collecting community expanded to athletes and other people that have deeper pockets than most of the existing collecting community and you saw the price of cardboard increased to the point where it's no longer a hobby. Do you continue on collecting? Find a different niche which hasn't yet become a part of the "irrational exuberance"?

A card that goes from $1k to $100k rocketed for a reason, and for a card to have such momentum, whose to say the next trip won’t be $200k, and so forth...

As some stock traders would do, ride your winners and ditch your losers.

And I think there already is a lot of new $ with deep pockets in, that’s what is causing these head scratching rises.

[hcv123]

So I should preface my response with the fact that most of what I collect is more of the rare and obscure stuff - very few regular issue cards and so far the exuberance hasn't affected that stuff like it has the regular issue cards.
That said - what I have always communicated when asked that question is "there is nothing I own materially that doesn't in theory have a price at which I would sell.......but, there are many things that no one in their right mind would offer me enough to make me think about selling."
I also think I am safe saying unless I did some kind of bulk sale, I have enough "stuff" to last way longer than I will!

[Exhibitman]

Originally Posted by hcv123

"there is nothing I own materially that doesn't in theory have a price at which I would sell.......but, there are many things that no one in their right mind would offer me enough to make me think about selling."

Precisely. I always say that for the right price I would not only sell my collection, I would help the buyer load it into the car.

[dio]

Sell modern, high population, 2nd tier player
Keep vintage iconic(mantle/ruth/mays/aaron/koufax/clemente etc....)

Not that many copies going around for those