Vintage / Modern

Rhotchkiss · #1 11-10-2022, 05:02 PM

Its from Lelands. It is really an add for consignments. Interesting method and I am not sure what it says about the AH - are THEY abandoning seeking modern consignments and/or shifting their business? Anyway, here is the body of the email:

Volatility in Modern Cards Market

Modern cards have had an impressive run over the last few years. Today, there is increased concern about volatility and devaluation in this sector of the market. Risk assets - like growth stocks, meme stocks, NFTs, and cryptocurrencies - are experiencing similar fluctuations and loss of value in the current environment.

Since the start of this amazing run up in value of modern cards, we have hypothesized that investments in this category will be subject to the same investment risk as the other assets noted above, and we are seeing the beginning of that playing out right now.

We still believe that modern cards are an excellent long-term investment, but we think it may be awhile before "flipping" cards will be a good financial strategy again.

Memorabilia and Vintage Holding Firm

As you probably know, Lelands has been a major participant in modern card auctions, with many lots fetching world record prices. But throughout this run up in modern cards, we have not taken our eye off our favorite two categories - sports memorabilia and vintage cards.

These sectors of the market are holding their own in this environment. We believe that this decoupling of value from modern cards is due to the type of buyer in these markets. Sports memorabilia and vintage card buyers tend to be collectors who "love the stuff" rather than see their purchases as a "flipping" opportunity.

Our data from decades of auctions reveal that these two collector-focused areas of the hobby are also excellent long-term investments, characterized by steady returns with much less volatility. Our experts believe that the double bottom line of 1) the enjoyment that comes from collecting, and 2) the steady increases in memorabilia and vintage value, are a combination that should be highly attractive to the sports collector.

The Leaders in Memorabilia and Vintage

While auction houses may come and go, or expand and contract, Lelands has been a constant in the hobby. Our business is built upon the solid foundation of a passion for owning history in the sports we follow.

We collect because we respect the stuff, we buy and sell because we are fascinated by the historical impact of the pieces, and we have become the hobby's foremost experts because we are immersed in the joy of collecting, not the transactional nature of the sale.

We invite you to call upon us to evaluate your sports memorabilia and cards. Similarly, our next Classic Auction is coming very soon, with plenty of memorabilia, vintage, and modern cards for you to bid on!

Our relationships with our clients is the most rewarding part of our job, and if you choose to work with us, we trust you will see that we value personal relationships, will provide you with expert insights, and share our deep understanding of what is happening in the hobby marketplace.

Sincerely,

The Originals

Image removed - click Show Images to View
Image removed - click Show Images to View
Generous Cash Advances and Competitive Rates Available!

Consignments & Purchases
Generous Cash Advances
Highly Competitive Rates

National Media Coverage
Powerful Online Marketing
Hobby-Best Ads & Catalog

Gorditadogg · #2 11-10-2022, 11:09 PM

Quote:

Originally Posted by Rhotchkiss

Its from Lelands. It is really an add for consignments. Interesting method and I am not sure what it says about the AH - are THEY abandoning seeking modern consignments and/or shifting their business? Anyway, here is the body of the email:

Volatility in Modern Cards Market

Modern cards have had an impressive run over the last few years. Today, there is increased concern about volatility and devaluation in this sector of the market. Risk assets - like growth stocks, meme stocks, NFTs, and cryptocurrencies - are experiencing similar fluctuations and loss of value in the current environment.

Since the start of this amazing run up in value of modern cards, we have hypothesized that investments in this category will be subject to the same investment risk as the other assets noted above, and we are seeing the beginning of that playing out right now.

We still believe that modern cards are an excellent long-term investment, but we think it may be awhile before "flipping" cards will be a good financial strategy again.

Memorabilia and Vintage Holding Firm

As you probably know, Lelands has been a major participant in modern card auctions, with many lots fetching world record prices. But throughout this run up in modern cards, we have not taken our eye off our favorite two categories - sports memorabilia and vintage cards.

These sectors of the market are holding their own in this environment. We believe that this decoupling of value from modern cards is due to the type of buyer in these markets. Sports memorabilia and vintage card buyers tend to be collectors who "love the stuff" rather than see their purchases as a "flipping" opportunity.

Our data from decades of auctions reveal that these two collector-focused areas of the hobby are also excellent long-term investments, characterized by steady returns with much less volatility. Our experts believe that the double bottom line of 1) the enjoyment that comes from collecting, and 2) the steady increases in memorabilia and vintage value, are a combination that should be highly attractive to the sports collector.

The Leaders in Memorabilia and Vintage

While auction houses may come and go, or expand and contract, Lelands has been a constant in the hobby. Our business is built upon the solid foundation of a passion for owning history in the sports we follow.

We collect because we respect the stuff, we buy and sell because we are fascinated by the historical impact of the pieces, and we have become the hobby's foremost experts because we are immersed in the joy of collecting, not the transactional nature of the sale.

We invite you to call upon us to evaluate your sports memorabilia and cards. Similarly, our next Classic Auction is coming very soon, with plenty of memorabilia, vintage, and modern cards for you to bid on!

Our relationships with our clients is the most rewarding part of our job, and if you choose to work with us, we trust you will see that we value personal relationships, will provide you with expert insights, and share our deep understanding of what is happening in the hobby marketplace.

Sincerely,

The Originals

Image removed - click Show Images to View

Image removed - click Show Images to View

Generous Cash Advances and Competitive Rates Available!

Consignments & Purchases

Generous Cash Advances

Highly Competitive Rates

National Media Coverage

Powerful Online Marketing

Hobby-Best Ads & Catalog

Thanks

Sent from my SM-S906U using Tapatalk

Snowman · #3 11-11-2022, 12:52 AM

Collectors are definitely migrating over to vintage from modern. Almost all of us started in modern at one point in time or another. For me, it started as a kid when I would ride my bike to the local card shop to buy 80s junk wax packs. I would always gawk at the Mantle, Mays, and Hank Aaron cards behind the glass, vowing to one day own some of them. I saved up my money from mowing lawns and picked up a 1960 Topps All-Star Hank Aaron and a 1962 Topps Mickey Mantle as my foray into vintage.

Nowadays, kids like the shiny stuff just like many of us liked opening packs as kids too. But they're all tuning in to social media and listening to influencers these days, and all of those channels are singing the praises of the vintage market. As they watch their NFT digital "cards" and fake jersey patch sticker autos of Gavin Lux (numbered to /99 !!!) plummet in value, they hear about the Wagner, Mantles, Ruths, Cobbs, and Jackies all setting new records on a monthly basis. It piques their interest. I've seen quite a few modern collectors migrating over into vintage, dipping their toes. They're coming. Certainly not all of them, but even if it's just 1 or 2% of them, that's enough to continue to cause upward pressure on pricing.

I don't see high-end vintage prices dropping any time soon.

skelly423 · #4 11-11-2022, 09:57 AM

I think almost every collector starts as a modern collector, looking for cards of their favorite players. Kids collecting modern today are no different than I was collecting "modern" cards in the mid 90s, or others on the board collecting modern cards in the 1970s, 1950... Almost nobody here started out collecting t206s, it was a migration as we discovered the depths of the hobby, and figured out what really appealed to each of us.

The natural progression for nearly everyone in the hobby is to start modern and shift to vintage; it has been happening for generations, and will continue for generations more.

packs · #5 11-11-2022, 11:08 AM

Quote:

Originally Posted by skelly423

I think almost every collector starts as a modern collector, looking for cards of their favorite players. Kids collecting modern today are no different than I was collecting "modern" cards in the mid 90s, or others on the board collecting modern cards in the 1970s, 1950... Almost nobody here started out collecting t206s, it was a migration as we discovered the depths of the hobby, and figured out what really appealed to each of us.

The natural progression for nearly everyone in the hobby is to start modern and shift to vintage; it has been happening for generations, and will continue for generations more.

I actually don't think today's modern collecting was something anyone experienced before this generation. You might have collected contemporary cards, but you weren't chasing Bowman first autos, refractors, superfractors, products with costs in the 4 figures, or lottery tickets.

It's a totally different experience now.

raulus · #6 11-11-2022, 11:11 AM

Quote:

Originally Posted by packs

I actually don't think today's modern collecting was something anyone experienced before this generation. You might have collected contemporary cards, but you weren't chasing Bowman first autos, refractors, superfractors, products with costs in the 4 figures, or lottery tickets.

It's a totally different experience now.

I feel like we had a little taste of that in the early 90s, but perhaps not quite as extreme.

packs · #7 11-11-2022, 11:17 AM

I don't know about that. Today, you've got to pay $300 for a box of 2022 Topps Chrome. I remember buying any box I wanted of any product I wanted for about $80 to $100. And that was right up until the 2010s really.

Exhibitman · #8 11-12-2022, 09:21 AM

Quote:

Originally Posted by Rhotchkiss

Its from Lelands. It is really an add for consignments. Interesting method and I am not sure what it says about the AH - are THEY abandoning seeking modern consignments and/or shifting their business? Anyway, here is the body of the email:

Volatility in Modern Cards Market

Modern cards have had an impressive run over the last few years. Today, there is increased concern about volatility and devaluation in this sector of the market. Risk assets - like growth stocks, meme stocks, NFTs, and cryptocurrencies - are experiencing similar fluctuations and loss of value in the current environment.

Since the start of this amazing run up in value of modern cards, we have hypothesized that investments in this category will be subject to the same investment risk as the other assets noted above, and we are seeing the beginning of that playing out right now.

We still believe that modern cards are an excellent long-term investment, but we think it may be awhile before "flipping" cards will be a good financial strategy again.

Memorabilia and Vintage Holding Firm

As you probably know, Lelands has been a major participant in modern card auctions, with many lots fetching world record prices. But throughout this run up in modern cards, we have not taken our eye off our favorite two categories - sports memorabilia and vintage cards.

These sectors of the market are holding their own in this environment. We believe that this decoupling of value from modern cards is due to the type of buyer in these markets. Sports memorabilia and vintage card buyers tend to be collectors who "love the stuff" rather than see their purchases as a "flipping" opportunity.

Our data from decades of auctions reveal that these two collector-focused areas of the hobby are also excellent long-term investments, characterized by steady returns with much less volatility. Our experts believe that the double bottom line of 1) the enjoyment that comes from collecting, and 2) the steady increases in memorabilia and vintage value, are a combination that should be highly attractive to the sports collector.

The Leaders in Memorabilia and Vintage

While auction houses may come and go, or expand and contract, Lelands has been a constant in the hobby. Our business is built upon the solid foundation of a passion for owning history in the sports we follow.

We collect because we respect the stuff, we buy and sell because we are fascinated by the historical impact of the pieces, and we have become the hobby's foremost experts because we are immersed in the joy of collecting, not the transactional nature of the sale.

We invite you to call upon us to evaluate your sports memorabilia and cards. Similarly, our next Classic Auction is coming very soon, with plenty of memorabilia, vintage, and modern cards for you to bid on!

Our relationships with our clients is the most rewarding part of our job, and if you choose to work with us, we trust you will see that we value personal relationships, will provide you with expert insights, and share our deep understanding of what is happening in the hobby marketplace.

Sincerely,

The Originals

Image removed - click Show Images to View
Image removed - click Show Images to View
Generous Cash Advances and Competitive Rates Available!

Consignments & Purchases
Generous Cash Advances
Highly Competitive Rates

National Media Coverage
Powerful Online Marketing
Hobby-Best Ads & Catalog

Cutting thru the manure, it says this:

Modern is a bunch of jagoffs who are just in it to flip it and while we've done just great playing along, we were just fooling. Really, we love memorabilia and vintage cards, really, we do. So, now that it is shitting the bed bigtime, we will be dropping modern like a used sorority girl and going back to vintage cards and memorabilia, where we are still relevant. Really, we are, we're not kidding. We are really good at this stuff. We know all sorts of investy words like risk and strategy and volatile and returns and sectors and we can use them in sentences. Just like extant and verso, which we promise to use in every listing for your cards and memorabilia. Please be our friends again....

perezfan · #9 11-12-2022, 03:04 PM

Adam, that was one of the finest posts extant. Excellent summation.

Lelands has really taken a dive in the last couple of years. I suppose it's good that they are re-focusing on vintage cards and memorabilia. Hopefully they can get back to the status they enjoyed when Josh (RIP) was still around.

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