OT:Auction sales hit record $15 billion as young, wealthy collectors enter the market

[Johnny630]

Originally Posted by jingram058

Tell me again how this is in any way a hobby.

You said it yourself, it's an investment asset class.

I am in the insignificant minority. I do care about the cards. Only the cards. I'll create an investment portfolio some other way.

It’s a hobby of the rich. They money they’re spending on cards is peanuts to them.

[butchie_t]

Originally Posted by Johnny630

It’s a hobby of the rich. They money they’re spending on cards is peanuts to them.

There is only one sector to blame for the crazy stupid influx of money into this hobby and that is the card manufactures. It reminds me a lot of the early 90s with overproduction that they all did.

Now the overproduction comes in chase cards and SPs, SSPs, SSSSSSPs and so on and so on. It seems that the next shiny product is all the rage until the next shiny product comes out. So in all of this nonsense, what happens to the base cards? Do base cards actually even exist anymore? Do the new investors throw them out after they rape the inserts?

I cannot even fathom buying a box of new cards anymore. First off, I am not gonna spend upwards of hundreds of dollars on maybe 8 packs of cards with the off hand chance of getting some supercalafragalisticexpyaladocious 1 of 1 common card.

Where is the sense in that?

I also need to revise my comment I made a while ago about completing Topps sets. Initially, I was gonna collect sets until the end of Topps. But now, my run stops at 2001. 69 to 2001 is gonna be good enough for me. Then I am out of the set collecting business.

When I have to pay around a grand for an update/traded set just because of one or two cards of players that may not even get to a long and storied career, there is something very wrong in that line of thinking.