National pricing

[Snapolit1]

Originally Posted by rjackson44

The vintage market is strong no one is giving anything away no one ,,dont know what steve is looking at ??

I follow Gehrig cards to what some would say it a rather obsessive degree. It's like 95% of my collection. Prices have softened. In some cases rather significantly. Here's one rather striking example.

Heritage just sold a 1925 Gehrig Exhibits 3(MK) for $75,000
LOTG sold a 1925 Gehrig 3(MK) Exhibits in March 2021 for $160,000

Just like the stock market . . . not every stock moves in tandem.

[Republicaninmass]

Originally Posted by Snapolit1

I follow Gehrig cards to what some would say it a rather obsessive degree. It's like 95% of my collection. Prices have softened. In some cases rather significantly. Here's one rather striking example.

Heritage just sold a 1925 Gehrig Exhibits 3(MK) for $75,000
LOTG sold a 1925 Gehrig 3(MK) Exhibits in March 2021 for $160,000

Just like the stock market . . . not every stock moves in tandem.

You realize this is/was a 3-5k card?

Or no the "market was wrong" for 30 years and "just discovered" it is worth 75-125k?

5k to 75k in less than a decade Certainly isnt "crashing"

[Snapolit1]

Who said anything was crashing?

I just think for the vast majority of cards sellers are not going to get 2021 prices for them. Big boy cards will continue to do ok largely. People who pay $200,000 for a card aren't too concerned with gas prices and rent going up. But supposedly the economy is the number one concern of most Americans by far. If that’s the case would be awfully peculiar if our corner of the world is somehow unaffected.

Rich people will continue to buy new BMWs. Will people who aren’t rich going to continue to buy new Toyotas and KIAs?

[BobbyStrawberry]

I have no experience in the world of 5- and 6-figure cards, but for 3- to 4-figure prewar cards, recent AH results and the bst here sure seem to indicate an overall downward trend in prices from 1-2 years ago.

[Snapolit1]

Originally Posted by BobbyStrawberry

I have no experience in the world of 5- and 6-figure cards, but for 3- to 4-figure prewar cards, recent AH results and the bst here sure seem to indicate an overall downward trend in prices from 1-2 years ago.

But apparently people who only focus on the marquis waterfront cards don’t see this.

[Rhotchkiss]

That Gehrig example is pretty dramatic and, I think, surprising.

[Snapolit1]

Market got a little frothy last year. We were all bored and inside all day trying to keep ourselves amused. Now things are a little more “normal”.

My intent was not to dump on the market. But just to say that while there is usually a National or big show premium tacked onto to nice stuff, I suspect this year there will be a lot of inflated asks. I hope seller’s get what they ask. Good for them. But for people setting up with cases full of cool shit we do t have a show at all.

I hope I find a lot of cool shit to buy. I also hope I make massive money playing cards. If they both happen I will be the happiest guy in AC.

[Snapolit1]

Might even hit the Boardwalk after midnight.

[Peter_Spaeth]

Prices on 90s basketball have absolutely cratered. I suspect this is more broadly the case in many modern segments.

Whatever the reality, based on reports I have heard since time immemorial, I expect people going to AC will see mostly aspirational prices at least until the end of the show.

[Republicaninmass]

Originally Posted by Snapolit1

Might even hit the Boardwalk after midnight.

It's down pretty hard out there, not crashing though

[Yoda]

Originally Posted by Snapolit1

Might even hit the Boardwalk after midnight.

Fine idea, as long as you are packing.

[Johnny630]

Originally Posted by Snapolit1

Market got a little frothy last year. We were all bored and inside all day trying to keep ourselves amused. Now things are a little more “normal”.

My intent was not to dump on the market. But just to say that while there is usually a National or big show premium tacked onto to nice stuff, I suspect this year there will be a lot of inflated asks. I hope seller’s get what they ask. Good for them. But for people setting up with cases full of cool shit we do t have a show at all.

I hope I find a lot of cool shit to buy. I also wish I make massive money playing cards. If they both happen, I will be the happiest guy in AC.

I agree Steve, I get what you’re saying however, there will be a lot of inflated asking prices; I've spoken with several larger dealers about this. They told me they’d instead hold on to their material at high asking prices because said dealer made so much over the past two years they’re OK with holding. They further said the market would get hot again, and the cards would be just as high, if not higher, so they’re not letting go.

[BeanTown]

Every thread needs some cards. Love early Gehrig cards from the 20s. Here are a couple color variations that you don’t see often.

[Vintageclout]

Originally Posted by Snapolit1

I follow Gehrig cards to what some would say it a rather obsessive degree. It's like 95% of my collection. Prices have softened. In some cases rather significantly. Here's one rather striking example.

Heritage just sold a 1925 Gehrig Exhibits 3(MK) for $75,000
LOTG sold a 1925 Gehrig 3(MK) Exhibits in March 2021 for $160,000

Just like the stock market . . . not every stock moves in tandem.

ZERO comparison between those 2 cards. For accuracy, the “all in” pricing was $87K vs. $192K. The difference? The $87K example had obtrusive writing on the verso - a blatant MK version. The $192K example’s MK was virtually invisible on the verso - could not even see it unless you used ultra-heavy magnification. The bidders for the LOTG 3-MK treated it as a virtually clean PSA 3.

[Snowman]

Originally Posted by Snapolit1

I follow Gehrig cards to what some would say it a rather obsessive degree. It's like 95% of my collection. Prices have softened. In some cases rather significantly. Here's one rather striking example.

Heritage just sold a 1925 Gehrig Exhibits 3(MK) for $75,000
LOTG sold a 1925 Gehrig 3(MK) Exhibits in March 2021 for $160,000

Just like the stock market . . . not every stock moves in tandem.

I would discard all data points from Feb and Mar 2021 when making observations about the current state of the market. Those two months had extreme outliers in the data. The market artificially spiked temporarily and then immediately crashed after.