Does The Stock Market Influence Your Vintage Purchases?

[rjackson44]

Stocks have nothing to do with cards period

[Exhibitman]

Originally Posted by rjackson44

Stocks have nothing to do with cards period

The data suggests otherwise. Gyrations of the stock market might have nothing to do with collecting habits, to be sure, but in terms of prices, there is a correlation.

[Peter_Spaeth]

Originally Posted by Exhibitman

The data suggests otherwise. Gyrations of the stock market might have nothing to do with collecting habits, to be sure, but in terms of prices, there is a correlation.

I don't doubt it, but would be curious to see that data, where are you getting it?

[mrreality68]

To me they are 2 different forms of fun/investment.

When the market is down I do add strategically in the market to add to some positions I have at at better cost basis.

The card collecting is a hobby/very long term investment. As a result I treat these funds as discretionary funds and buy as i have the funds available and see something that I want to buy

[1954 topps]

I have a budget each year for what I can spend on my set build, this is my discretionary fund. The budget stays relatively flat year over year. If the stock is down I invest more, if the card market is down I can afford to buy more with my budget at that time but the budget doesn’t increase.
When my Banks rookie is up 500+% in 6 years it’s a plus but my collection is just a hobby, it isn’t part of my retirement account. So no the stock market doesn’t affect my vintage purchases.

[Exhibitman]

Originally Posted by Peter_Spaeth

I don't doubt it, but would be curious to see that data, where are you getting it?

Peter, when I was actively writing a price guide for boxing cards I amassed data every year for the new edition. I noticed that in the Great Recession, the mess really got under way in the summer of 2008 as the real estate market imploded but boxing auctions still did really well into 2009. Then things started to fizzle out. I saw a bottom of the market in Fall 2010, and it was stable for a few years then slowly built back. That tracked with my experiences buying cards for the PC and trying to sell in 1990 and 2001.

[conor912]

I bought all the way up, and I'll buy all the way down.

[Exhibitman]

Originally Posted by conor912

I bought all the way up, and I'll buy all the way down.

I LIKE it!

[Yoda]

Well, the art market remains strong despite the recent pullback of stocks. Yesterday, Andy Warhol's painting of Marilyn Monroe fetched nearly $200 million at auction.