Real curious to see National reports

[ullmandds]

U forgot fractional ownership, vaults, nfts.

[Snapolit1]

Oh yeah. Other areas. NFTS. I remember the first time Heritage sold a NFT of one still of a Michael Jordan dunking clip. Six figures I think. I couldn’t imagine what I was seeing. Was this the future? Uh, no.

A lot of change and then more change.

The last few years have been a wild ride.

[rjackson44]

Steve just go on you tube there will be millions of videos one after another ,,read %??

[mrreality68]

Originally Posted by rjackson44

Steve just go on you tube there will be millions of videos one after another ,,read %??

That there are and even Instagram has lots of recaps and analysis in short segments.

I am more interested to see our peers that are going to National and those selling to let us know
1. how were the crowd sizes and how many kids there(especially with their card carriers)
2. How many Vintage vs Modern tables
3. How the sales and trades were
4. How the prices were fetching at National vs Auctions
5. How much fun they had at the Net54 Get together

[sb1]

Just the market resetting to show value of true scarcity of older cards versus modern man made "rarity". I predict high demand nice quality pre-war cards will do better than ever at the National and moving forward.

[the-illini]

Originally Posted by sb1

Just the market resetting to show value of true scarcity of older cards versus modern man made "rarity". I predict high demand nice quality pre-war cards will do better than ever at the National and moving forward.

This. If you have good stuff you’re going to make money.

[Snapolit1]

Originally Posted by the-illini

This. If you have good stuff you’re going to make money.

I’m still pissed I paid $500,000 for that Jasson Dominguez cracked ice red refractor.

[Kzoo]

Originally Posted by Snapolit1

I’m still pissed I paid $500,000 for that Jasson Dominguez cracked ice red refractor.

Thank God I was the under bidder.

[3-2-count]

Originally Posted by sb1

Just the market resetting to show value of true scarcity of older cards versus modern man made "rarity". I predict high demand nice quality pre-war cards will do better than ever at the National and moving forward.

Agree 100% with this.

[Hankphenom]

It will be fascinating to see how the reality stacks up with these pretty much consensus predictions. If the bubble has truly burst on modern, the room, including tables, should be full of 20 and 30 somethings desperately looking to dump as much as they can before the music stops altogether.

[Leon]

Originally Posted by Hankphenom

It will be fascinating to see how the reality stacks up with these pretty much consensus predictions. If the bubble has truly burst on modern, the room, including tables, should be full of 20 and 30 somethings desperately looking to dump as much as they can before the music stops altogether.

Musical chairs to me too. I have never undestood the super high prices of the newer cards. There are hundreds/thousands selling for 5-6-7 figures, and I have never heard of any of them. Manufactured rarity might just be a fad...Time will tell. Until then you have to love the real gems we collect!!
.

[JustinD]

Originally Posted by Hankphenom

It will be fascinating to see how the reality stacks up with these pretty much consensus predictions. If the bubble has truly burst on modern, the room, including tables, should be full of 20 and 30 somethings desperately looking to dump as much as they can before the music stops altogether.

This is not in the least how inexperience in investing currently works. I expect little to no impact whatsoever on attendance, nor fire sales. We are still 12 to 24 months from visible impact of demand.

When the meme stocks crashed it was a continuous disbelief, much like many echo in these threads at time, that a rebound is always coming and to "buy the dip". People had been making so much, it was incomputable mentally that a drop could be real. They piled as much as they could borrow into dead ideas like GME and AMC, long after the short squeeze was over and compounded the losses they already had exponentially in order to regain on the losses they already accrued in a effort to flip the story.

The exact same thing is happening with the flip community as they share much of the same experience and lack of it. They are continuing to buy modern at the dip thinking the rebound is coming. They are shoring up vintage from notable drops by discussing it as a hedge while they wait for the modern boom to circle back. The same flippers are focused on the big names like Mantle, Aaron, etc and adding them in an attempt to stabilize like a stock to bond transition. They are dipping into prewar big names to have holds.

No true effect on the valuation or market can be actually calculated until the desperation slows and we are not close to that point as of yet. You need to be watching the modern boards and YouTube to have any grasp on the current trends. Any feedback on this National that proclaims the market is steady is no different than Disney telling me their newest reboot is a massive hit because of a strong opening weekend and ignoring that the second drops 80%.

We are not there...at all.

For an example this is how the desperate move. One big win, several years of dragging mud…and this is still 75% overvalue to logic.