Heritage Auctions last night

Exhibitman · #1 12-07-2024, 11:28 AM

It is an odd one right now: the hobby is booming on the whole with insane show attendance and tremendous activity (look at the sheer number of auctions), but everyone wants to steal every deal. One newb asked me for high end cards at discount prices. Still laughing about that one.

Given the prices, I suspect that many of the mundane but expensive cards that are selling at disappointing levels are from long-time collectors who are cashing out by choice or by circumstance (death or incapacity).

BobbyVCP · #2 12-07-2024, 12:06 PM

Quote:

Originally Posted by Exhibitman

cashing out by choice or by circumstance (death or incapacity).

Are we getting to this point

Exhibitman · #3 12-07-2024, 01:36 PM

Quote:

Originally Posted by BobbyVCP

Are we getting to this point

Demographically speaking, yes. The kids who collected cards in the golden age of topps (1952-56) are octogenarians now. The sixties kid collectors are in their seventies. Hell, the oldest of Gen X are turning 60 next year. We are at the start of what will be the largest transfer of wealth in history as the Boomers start to die off or downsize. No reason to think that their card collections are somehow immune from that trend.

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