Health of Asset Class - Over/Under 1955 Topps Koufax PSA 9

[MACollector]

Goldin has a show on Netflix starting April 28th. I will take the over just on the publicity and people that it may draw to the auction.

[Casey2296]

Originally Posted by MACollector

Goldin has a show.

I remember the Goldin show on HSN, didn't turn out so well for folks.

[Exhibitman]

The basic conceptual misalignment we have here is that cards are not a single asset class and card investors are not a single group. It is an oversimplification to treat any specific aspect of the hobby as a bellwether for the entire hobby. it is simply too diverse. A very interesting piece ran on Sports Collectors Daily recently with Chris McGill, the Co-Founder of Card Ladder, who provided some statistics on different segments of the hobby over the last 5 years:

Ultra-Modern: +639%

Modern: +744%

Vintage: +270%

Pre-War Vintage: 340%

Yet over 2022, modern was down 30% and prewar vintage was up 29%. it isn't monolithic. The 1986 Jordan RC losing 60% of its value from the market top didn't affect the market for T206 Cobbs or 1933 Goudey Ruths. Similarly, what happens with the 1955 Koufax will pass right by the guys looking for a Jim Brown rookie card.

[Rhotchkiss]

Deleted

[Republicaninmass]

Originally Posted by Casey2296

I remember the Goldin show on HSN, didn't turn out so well for folks.

History may not repeat itself, but does make for a good mirror.


Pump and dump 90s junk on "new investors" before it all came to a crashing halt.

When your neighbor with no knowledge can flip (insert asset here) its wont end pretty.

This time, its different.

[raulus]

Originally Posted by Republicaninmass

This time, it’s different.

Said by everyone, every time.

But this time it really is!

[Republicaninmass]

Originally Posted by raulus

Said by everyone, every time.

But this time it really is!

5 or 6 of my signed HOF 52s which did "all time High's" in memory lane..are. being resold .through Goldin for less.


Been spending most their life, living in a flipper paradise

[steve B]

I get if you don't think the sales of the expensive stuff affects the related or identical cheap stuff.

But I'm completely convinced it's a factor in prices.

Consider a few sets.
T206 - easily the most common set of its era, maybe the most common prewar set. When I started, commons that were vg ish, were 1.50. First tier HOF $10. Cobb was more. Wagner was I think around 10K
Other sets from the same era? Despite being overall more difficult, often much ore difficult, the "easy" ones like E90-1 Sold for about the same.
Even later when T206 commons were around $10 E90-1s were maybe $15.
If there was no trickle down from the Wagner and slightly less from Plank, where would T206 commons be now.
I would say that being so easy, they would be less than 33 Goudey commons.

Similarly, I think 52 Topps owes most of its popularity to the Mantle. I don't think 52 Topps commons are tougher than say 53 Topps or 52 Bowman.

[Yoda]

I keep thinking about that old Wall St. maxim, "The Greater Fool Theory" where you are the last one holding the bag.