Please Help Me Make Some Sense Of It

[SyrNy1960]

Originally Posted by mrreality68

My in educated thought on this is that

A lot of new Money is coming in from people or organizations that are looking to diversify their investments and think collectibles specifically cards in this case are are big opportunity and they read about it.

But since they are uneducated in the baseball collectible realm they rely on things they can quantify and analyze.

I do believe I read something similar to what you've stated. That the pandemic kept people and their money (for those who have a lot of it) at home, so many spent a lot of time online, investing, hence the craziness. I also heard that promoting and maybe even a lot of price fixing is going on. Not sure. But I do agree it takes the fun out of it. Many things that were in my reach are now only a dream.

[ooo-ribay]

Originally Posted by 3arod13

I do believe I read something similar to what you've stated. That the pandemic kept people and their money (for those who have a lot of it) at home, so many spent a lot of time online, investing, hence the craziness. I also heard that promoting and maybe even a lot of price fixing is going on. Not sure. But I do agree it takes the fun out of it. Many things that were in my reach are now only a dream.

I suppose you could put cards and memorabilia in your “portfolio” but that doesn’t seem the best way to go (to me). I’ll stick with my financial advisor and my traditional investments.

[Ron]

If u are a collector that is in the hobby for the fun of it and you collect cards,
there are a lot of vintage food issue or premium issue or regional issues you can collect and it would be just as fun as collecting the standard issue cards and probably a lot less expensive

[packs]

I still don't understand where this idea that people are "investing" in cards comes from. Do any of you know one single person who has never thought twice about baseball cards who is now buying things like 1953 Topps Satchel Paige cards? I highly doubt that you do because that would be such a weird way to invest.

Prices are high because of a faux market created by a big seller who is no longer in the market on a particularly popular auction site. I anticipate prices coming way down in the very near future. Hold tight.

[ooo-ribay]

Originally Posted by packs

Prices are high because of a faux market created by a big seller who is no longer in the market on a particularly popular auction site. I anticipate prices coming way down in the very near future. Hold tight.

[packs]

Some big sales of popular cards have come into question. When a 10 sells for huge money it has a domino effect on the card in all grades and that effect creates a basis for future prices. It doesn't have to be a 10 either. It could be any popular card in any grade. When a card hits a new price point it sets the price point for the next card. But if there was no initial buyer then the price point is artificial. I think that tide is evening out. I'm predicting prices come back down because that activity has come into question and markets have come into question too. Like the market for Jordan rookie cards, for example.

[ooo-ribay]

I think people are really out of their minds paying what they’ve paying for Trouts, Bradys, Kobes, etc…..but what do I know?