NFT's and Beanie Babies, interesting article

[Aquarian Sports Cards]

Mainly about Beanies but a section on NFT's

https://www.vox.com/the-goods/228702...=pocket-newtab

[Casey2296]

NFTs are not an organic market, it's a manufacturered market. Not saying money can't be made in NFT's but one should know the difference before investing.

[Aquarian Sports Cards]

Originally Posted by Casey2296

NFTs are not an organic market, it's a manufacturered market. Not saying money can't be made in NFT's but one should know the difference before investing.

Pretty much one of the points of comparison in the article. It comes down to the old saying "If it's made to be collectible, it's not" of course that's what manufactured scarcity is intended to combat, whether it's in Beanie Babies, Cards or NFT's

[iwantitiwinit]

Old rule of thumb when supply is infinite and demand is not, prices will fall!!

[RCMcKenzie]

What was the last "organic" rookie card? Was it Rickey Henderson? When did all the companies start making "rated rookies" and "prookies"? Modern cards are made to be "valuable" right out of the box, and wildly traded, not unlike an nft.

[KMayUSA6060]

I'm open to listening to any and all * legal * methods to make more money to buy more cards. NFTs, crypto, beanie babies... whatever it takes. All about timing, though. NFTs & crypto hold a bit more solidified weight it seems, but stuff like beanie babies has a rise, then a permanent fall.

[Directly]

1997 was a great year for selling Beanie's--I acquired 8 princess bears when they were released. A collector was upset because I wouldn't sell them all for $350.00 each. Sold the last few for $500/per. My better sale was a scarce bear at for $1500.00. Right before the market crashed a local TV station bought around 500 for a promotion of some kind. I kept 100 or so bears and few others. It's possible those young kids of 1997 might go after those little toys just as we did with baseball cards of our youth, only time will tell!

[Exhibitman]

I saw a documentary recently (HBO?) on the beanie craze. It was the female version of the junk wax era.

What's next, pogs?

Speaking of pogs, thread needs a card

[Bigdaddy]

I kept reading 'Beanies' but I kept thinking 'modern cards' with their manipulated supply and demand not built on ownership, but on never ending price escalation.

And then I thought about all of the collectible markets, including the little pieces of cardboard that we chase. Of course some are more robust than others, but they are all built on the premise of 'what someone is willing to pay'.

[Leon]

I need fungible. Like holding this in my hand..

[yanks87]

NFT's puzzle me. I am a designer/illustrator and have been approached by several people saying that it is the "Way of the Future" and I could make a ton of money doing it. Much like everything else, people don't want what I bring to the table, they just want what is already out there, recycled or respun with a faux rarity in it, and nothing that exists outside of the digital realm. My new year's resolution has been to stay away from digital things, and stop doing commissions for people, going back to just producing the work that I do.

I think that is the equation for falling into a "starving artist" lifestyle, which is good, because I have a good 25lbs to lose this year! Not sure the Mrs will be on board though!!