Is the well running a little dry?

[Aquarian Sports Cards]

Drying up would be the exact opposite of softening. If there's less good stuff prices go higher.

[Carter08]

If it’s the exact opposite I guess I missed the point entirely which happens to dumb guys like myself.

[Snowman]

A common theme coming from the National this year was people saying that the prices were too high and that most dealers weren't interested in moving their products at current market prices. The industry has also seen a massive inflow of money and investments from outside sources. Big money is flowing in and the broader market saw a pretty large correction earlier this year. There appears to be a lot of people waiting on the sidelines for the market to recover. Surely this has something to do with inventory drying up. As Aquarian pointed out above, and just like with the housing market, when inventory dries up, prices increase.

[nineunder71]

Steve,
How many consignments do you have in the upcoming Memory Lane auction? Just curious, thanks

Colton

[Snapolit1]

Originally Posted by nineunder71

Steve,
How many consignments do you have in the upcoming Memory Lane auction? Just curious, thanks

Colton

Zero. I’ve never consigned with them.

[nineunder71]

Thank Goodness, I was really hoping this thread wasn’t a plug for the blind, and I hope you understand how it ‘somewhat’ appeared that way on the surface. I tend to try to look out for the masses.

Please take no offense to my question and I really appreciate your candor.

Thanks Steve!!!

Cheers, Colton

Originally Posted by Snapolit1

Zero. I’ve never consigned with them.

[Snapolit1]

It's good that the board has folks like you carefully reviewing messages for hidden bias and potential undisclosed conflicts of interest.

Originally Posted by nineunder71

Thank Goodness, I was really hoping this thread wasn’t a plug for the blind, and I hope you understand how it ‘somewhat’ appeared that way on the surface. I tend to try to look out for the masses.

Please take no offense to my question and I really appreciate your candor.

Thanks Steve!!!

Cheers, Colton

[Aquarian Sports Cards]

Originally Posted by Carter08

If it’s the exact opposite I guess I missed the point entirely which happens to dumb guys like myself.

I wasn't tying to be insulting, and I've actually thought it a couple times in the thread already. If the auctions houses are struggling to get top notch stuff, that means supply is drying up. Unless demand is drying up even more quickly it will be bad for buyers, good for sellers, which will eventually serve to convince sellers to turn stuff loose, increasing supply which, if demand doesn't also increase, should eventually bring prices down, but if the complaint is "stuff is drying up" that should serve to increase prices.

[Johnny630]

It is my believe that there is a good amount of high end quality graded vintage cards. The thing is it’s not coming up for auction, people are not letting it go. If they had it over the past 8 months they know it can go crazy high so why sell now. If it’s high end quality and centered they’re not letting go now why would they. The demand is as high as it’s ever been, I only see it going higher for quality centered grades 7 and up Ruth, Cobb, Mantle, Jackie, and Mays. These are take them to the bank and sit on them items. Especially if you were into them back at much more reasonable levels.

I have a game plan, it’s fun to watch things play out !!

[mrreality68]

Originally Posted by Johnny630

It is my believe that there is a good amount of high end quality graded vintage cards. The thing is it’s not coming up for auction, people are not letting it go. If they had it over the past 8 months they know it can go crazy high so why sell now. If it’s high end quality and centered they’re not letting go now why would they. The demand is as high as it’s ever been, I only see it going higher for quality centered grades 7 and up Ruth, Cobb, Mantle, Jackie, and Mays. These are take them to the bank and sit on them items. Especially if you were into them back at much more reasonable levels.

I have a game plan, it’s fun to watch things play out !!

I agree with Johnny for the most part. However, many of the Ruth, Cobb, Wagner and others the grade does not even have to be as high as a 7. I would say anything that has good eye appeal and above a 3 on many of those prized cards are in demand and commanding the high dollars

[iwantitiwinit]

I think the well is running dry if we are talking about the number of available t206's for sale. I think we can agree that the number of individuals collecting t206's has increased since the pandemic. During the past year I have viewed a significant lowering of the number of t206's offered on ebay. In my opinion, those newly added and pre-existing collectors are very much impacting both the prices of offered cards and reducing the number of cards available for sale. It doesn't take much to create that demand pressure when the estimated number of surviving t206's is relatively small when considering the number of individuals pursing the subjects. I've seen several estimates where that population is approximately 1,500,000. Some may say that is a large number of available subjects but considering how addicting collecting t206's can be is it really that large? I find myself simply trying to amass as many cards as I can. Given the increased number of collectors and current cheapness of money I think prices are going to go higher.