Does The Stock Market Influence Your Vintage Purchases?

[japhi]

Originally Posted by Leon

I don't have a ton of stock but have some. And when the stock market is sucking this bad, as it has in the last week, I just don't feel like spending as much money on cards. (unless it's one I really need!)
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Yup, same here. When times are good, FOMO kicks in. When sentiment changes, demand evaporates quicker then it came on. I always use the example of the 90s, when we had Dads fighting over cases of Upper Deck french hockey at 300 a box. 12 months later you couldn't give these away and they likely never reach the price they hit in 1990. Obviously vintage is a completely different beast, but when demand leaves a market, look out, prices on highly available, widely traded stuff can go to near zero.

[parkplace33]

The concerning thing in the hobby I am seeing is this phrase:

"Refocusing/Retooling/Adjusting my collection"

I have seen that phrase used in 2022 more than any time in recent memory.

[Johnny630]

Originally Posted by parkplace33

The concerning thing in the hobby I am seeing is this phrase:

"Refocusing/Retooling/Adjusting my collection"

I have seen that phrase used in 2022 more than any time in recent memory.

Those statements to me sound like less buyers/less demand.

[Johnny630]

Originally Posted by japhi

Yup, same here. When times are good, FOMO kicks in. When sentiment changes, demand evaporates quicker then it came on. I always use the example of the 90s, when we had Dads fighting over cases of Upper Deck french hockey at 300 a box. 12 months later you couldn't give these away and they likely never reach the price they hit in 1990. Obviously vintage is a completely different beast, but when demand leaves a market, look out, prices on highly available, widely traded stuff can go to near zero.

Agree…Cash at this years National On Saturday and Sunday May Hold a lot more buying power than the past two years, across the board. It’s my only chance on big cards I’m hunting….I can’t beat a guy who’s willing to go to the moon in REA Or Heritage but I may have a shot at the show with Cold Hard Cash due to the fear settling in….idk I could be wrong but at least it gives me some hope.

30 years in the Stock Market does not influence me at all, just living with in my means, collecting vintage cards

[Republicaninmass]

It has yet to effect asking prices here on N54


Zing!

[Snapolit1]

I see the National very differently. If the stock market continues to shit the bed for the next 3 months, I think buying anything good at a reasonable price will be next to impossible. The cards that sold at their peak for $10,000 but are now available for $4,000 will be generously marked down to $9,000. Many dealers will ignore current realities hoping to find buyers who are ignorant of changes in the market.
There was a chain store on the east coast whose tag line for years was “an informed buyer is our best customer”. I’ve yet to see any instance where that was actually true. Best customer is usually an uninformed rich drunk guy.

Originally Posted by Johnny630

Agree…Cash at this years National On Saturday and Sunday May Hold a lot more buying power than the past two years, across the board. It’s my only chance on big cards I’m hunting….I can’t beat a guy who’s willing to go to the moon in REA Or Heritage but I may have a shot at the show with Cold Hard Cash due to the fear settling in….idk I could be wrong but at least it gives me some hope.

[Johnny630]

Originally Posted by Snapolit1

I see the National very differently. If the stock market continues to shit the bed for the next 3 months, I think buying anything good at a reasonable price will be next to impossible. The cards that sold at their peak for $10,000 but are now available for $4,000 will be generously marked down to $9,000. Many dealers will ignore current realities hoping to find buyers who are ignorant of changes in the market.
There was a chain store on the east coast whose tag line for years was “an informed buyer is our best customer”. I’ve yet to see any instance where that was actually true. Best customer is usually an uninformed rich drunk guy.

It could very well be. All it takes is one dealer with the card I need looking to deal. Many like you say above will still be high and greedy but if one has the card I need and is will to take a good amount of cash at a reasonable level I’m thrilled. I’ll never have this chance in REA or Heritable for the card I want. Fingers crossed

[Snapolit1]

Depends on the card and seller of course. If you are looking for something that is not a Goudey or other sexy well known “Investment grade” piece you stand a much better chance. In any event, the hunt for ones white
Whale(s) is one of the coolest most fun aspects of the hobby. And nowhere is that search more fun than the National. Good luck.

Originally Posted by Johnny630

It could very well be. All it takes is one dealer with the card I need looking to deal. Many like you say above will still be high and greedy but if one has the card I need and is will to take a good amount of cash at a reasonable level I’m thrilled. I’ll never have this chance in REA or Heritable for the card I want. Fingers crossed

[Johnny630]

Originally Posted by Snapolit1

Depends on the card and seller of course. If you are looking for something that is not a Goudey or other sexy well known “Investment grade” piece you stand a much better chance. In any event, the hunt for ones white
Whale(s) is one of the coolest most fun aspects of the hobby. And nowhere is that search more fun than the National. Good luck.

Thanks Steve !!

[Republicaninmass]

Originally Posted by Snapolit1

There was a chain store on the east coast whose tag line for years was “an informed buyer is our best customer”. I’ve yet to see any instance where that was actually true.

Was this Syms? Man I havent thought about them in a decade!

[Snapolit1]

Originally Posted by Republicaninmass

Was this Syms? Man I havent thought about them in a decade!

Yep, pretty sure it was them.

[EddieP]

Originally Posted by Snapolit1

Yep, pretty sure it was them.

Syms Discount Clothing : “Where an educated consumer is our best buyer.”

I bought my first tie at a Syms Discount Mens Store in Northern Virginia.

[Snapolit1]

Originally Posted by EddieP

Syms Discount Clothing : “Where an educated consumer is our best buyer.”

I bought my first tie at a Syms Discount Mens Store in Northern Virginia.

Ha. I got that a little off. But same sentiment. Thought it was for a mattress store.

[Leon]

Originally Posted by EddieP

Syms Discount Clothing : “Where an educated consumer is our best buyer.”

I bought my first tie at a Syms Discount Mens Store in Northern Virginia.

In Texas that exact slogan was used for many years by Men's Warehouse... (according to Google it was in fact Sy Syms)

https://www.menswearhouse.com/

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