Does The Stock Market Influence Your Vintage Purchases?

[parkplace33]

Talked to a longtime collector this morning. With the bear market we are in, he is worrying less and less about buying cards and more about putting money in investments.

I am interested to see if the stock market decreases reflect in the card community, especially this summer. Might be some deals out there.

[rjackson44]

Originally Posted by parkplace33

Talked to a longtime collector this morning. With the bear market we are in, he is worrying less and less about buying cards and more about putting money in investments.

I am interested to see if the stock market decreases reflect in the card community, especially this summer. Might be some deals out there.

hi dont tell that to the folks going to the national lol

[Johnny630]

I Remember over the Past few Years Many Had Sellers Remorse. Now from what I’m seeing more and more having Buyers Remorse, especially on those modern Jordans, Henderson Rookies, and Jeter Sp's. A lot of modern is tied to Crypto and you know where that is....fallen angel.

Although IMO way over inflated in AH's over the past two years, the growth so quickly at such levels just did not make sense, Centered High End Graded Quality, Ruth, Cobb, Jackie, Mantle, and Mays always seem to hold.
Collectors never want to sell these that's why the go down the least in bad times and rise the most in good times.

[Yoda]

I feel that, with the rise in interest rates, many speculators who have used their bank LOC's and overdrafts to buy high value cards may be over leveraged and are starting to feel pain.

[Aaron Seefeldt]

In the last 2 weeks I have received strong offers on 2 of my most valuable cards. I did not sell, I can't (or won't be able to afford to) replace them.

I did not even list them for sale.

The new stuff is getting spanked. When I was a kid and I'd open a pack of '80 Topps I'd be thrilled to get a George Brett, Rod Carew, or Nolan Ryan because, get this... they'd be worth a whole 50 cents! Maybe Nolan was a buck. Now new cards sell for 6 or 7 figures, reminds me of the dot com stocks some 20 years ago. BE CAREFUL

[Exhibitman]

Originally Posted by Aaron Seefeldt

In the last 2 weeks I have received strong offers on 2 of my most valuable cards. I did not sell, I can't (or won't be able to afford to) replace them.

I did not even list them for sale.

The new stuff is getting spanked. When I was a kid and I'd open a pack of '80 Topps I'd be thrilled to get a George Brett, Rod Carew, or Nolan Ryan because, get this... they'd be worth a whole 50 cents! Maybe Nolan was a buck. Now new cards sell for 6 or 7 figures, reminds me of the dot com stocks some 20 years ago. BE CAREFUL

For a strong enough price I will not only sell any card I have, I will carry it to your car for you.

[ajjohnsonsoxfan]

Man this will be one interesting National if the market keeps its downward trajectory. Will the hobby be back to pre covid bubble prices? Will prices sink even lower, erasing gains over the last 5+ years?

If Adam is right and the card market lags 9-12 months behind, it will be very hard to figure out what prices to both buy and sell. There will be lots of price frothiness in the marketplace. I think as a buyer you have to try and buy with an outward price projection of that 9-12 month lag time to try and price in the downward trend. As a seller you hope the quality and or rarity of your item is enough to get you something as close to bubble pricing as possible.

I think both stock market and card prices have quite a ways to go down before stabilizing.

[parkplace33]

There are now definite buying opportunities. I sense a lot of “panic”. I can’t tell you how many collectors are now doing the following:

Retooling/refocusing their collection
Getting out of the hobby
Selling below comps
Selling collections to move into other investments

Definitely an opportunity now and probably in the near future.

[Exhibitman]

Originally Posted by ajjohnsonsoxfan

Man this will be one interesting National if the market keeps its downward trajectory. Will the hobby be back to pre covid bubble prices? Will prices sink even lower, erasing gains over the last 5+ years?

If Adam is right and the card market lags 9-12 months behind, it will be very hard to figure out what prices to both buy and sell. There will be lots of price frothiness in the marketplace. I think as a buyer you have to try and buy with an outward price projection of that 9-12 month lag time to try and price in the downward trend. As a seller you hope the quality and or rarity of your item is enough to get you something as close to bubble pricing as possible.

I think both stock market and card prices have quite a ways to go down before stabilizing.

It’s gonna vary. Some stuff is gonna crater (overproduced modern). Last place I'd want to be right now is holding a stack of shiny crap basketball. Ditto all of the mainstream postwar PSA 7-8 level cards. I'm selling off everything marginal at that level except for the guys I really collect (Aaron, Koufax, Ryan, etc.) or the cards i got when I was a kid. At the depth of the last go-round I was picking up that sort of stuff for as low as $1.99 a card, slabbed. Made really nice profits turning those out during the bubble.

Some stuff won’t budge. A T206 Wagner isn’t gonna fall because the market for it is like the art market: people with so much money that inflation and recession are just gnat bites. Absolute rarities too. A card with a handful of examples will be a hold and you will be able to name your price. As always. I have never been squeamish about those kinds of cards because I know that there are buyers.

The squeeze will be in the middle. Abundant stuff will take a hit. Even the good stuff. I'd guess that a 40%-60% decline is in store for most mainstream cards that are basically demand driven. Personally, I am looking forward to a nice, fat decline on some cards. 1959 Topps Bob Gibson, you will be mine again!

The other thing that won't be affected--that will in fact do well--are cheap vintage cards. The dollar boxes. Collectors need their fixes. During the last one the dollar boxes were where all the action was at the shows.

The real question for me is what is a long term keeper. I think a well curated collection emphasizing top players and rare cards will be a great performer as long as you’ve gotten in well below the peak. Even a marquee card is a bad buy at the wrong price. The question is whether I want to play the arbitrage game with a card by selling it now and hoping to repurchase it after the decline. I am disinclined to do that with cards I always dreamt of owning: to finally get one that presents nicely, I am happy to own it for a decade or more. If it goes up a bunch in ten years, fantastic. I can seem really prescient and smart. If it doesn't, I can play with it until I am food for worms. Either works for me. Owning a great card isn't like taking a position in a stock. I can't play with 100 shares of Tesla but I can sure as hell play with my cards: