Vegas Dave: The Sports Card Market will Collapse in 24-36 Months

[samosa4u]

This was posted by Vegas Dave 16 hours ago on his Instagram. What really surprised me is how he insulted the buyer of his Mike Trout card - wow! Here it is below:

Mark my words the sports card market will collapse in 24-36 months. Remember it was me that predicted the market would boom 3 years ago. Everyone laughed at me when I bought the Mike Trout super for $400,000. Then 2 years later I sold if for 4 million dollars. Just remember in 24-36 months that I told you all this market will collapse just like the sub prime market did years ago.
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Remember “ Vision is seen with the brain not the eyes “. The dumbest buys I have ever seen are the Mantle for 5.2M, my Trout for 4M, Jordan 86 Fleers at 250-300k, Giannis at 1.5M, Lebron at 1.5M and f*cken Tatis at 250k.
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Only certain cards will pop and hold value. 1% of the people in the world own those cards. The rest of the 99% of you all will lose your asses. You all have a solid year to sell. But trust me in 24-36 months this bubble will pop and pop big.

Oh and by the way, Pokeman Cards are the biggest waste of money. Years from now please remember this. This by far is the the worst investment you can make long term.

[packs]

It's kind of weird Vegas Dave knew everything that was going to happen 3 years ago but only bought 1 Mike Trout card.

[oldjudge]

The dumbest buys I have ever seen are the Mantle for 5.2M, my Trout for 4M, Jordan 86 Fleers at 250-300k, Giannis at 1.5M, Lebron at 1.5M and f*cken Tatis at 250k.

I think this is exactly right.

[BRoberts]

Being a collector, I could not care less what Vegas Dave, whoever he is, thinks or predicts.

[jimjim]

Mark Cuban also commented today on the speculation in trading cards.

[Frank A]

The sports card market has been crashing since I started in 1979. I hope it keeps crashing just like it has been.

[Touch'EmAll]

Maybe, maybe not. Everybody has an opinion. Nobody has a crystal ball.

[cardsagain74]

I guess he predicted a global pandemic too. Since that was the catalyst and sole reason for prices booming to the extent that they have....sure cards may have done well regardless, but it wouldn't have been anything like this past 10 months

[Tao_Moko]

His delivery is poor, but I don't disagree when it comes to the sector of our market thriving on generated rarity or exorbitant amounts associated with graded cards. I might lean towards not agreeing on iconic issues or cards like the 52T Mantle, Wagner, etc.. Nothing riding on my prediction other than being told I'm stupid. If I were in his shoes I would not predict my own future in such a dark manner.

[Bobbycee]

Vegas Dave. Sounds like a real douche. I bet he does side gigs as an Elvis impersonator and talks to himself in the mirror.

[Casey2296]

I'm moving back into Beanie Babies...

[WA_HOF_rookie]

Originally Posted by packs

It's kind of weird Vegas Dave knew everything that was going to happen 3 years ago but only bought 1 Mike Trout card.

I didn't just LOL, I snorted.

On topic: As someone who is just trying to secure cards for a collection, I'll wait to buy my Ruth, Wagner and Cobb. Dave will make me a deal in 36 mos.

Sent from my Pixel 4a using Tapatalk

[Exhibitman]

The 'market' he is talking about, what it all has in common is the TPG blessing that differentiates one widget from the next, the so-called condition rarity, and the touting by guys like him of those very same cards. Now that he's sold off his, he tells the rest of us the game is over. Looks to me like he is just manipulating things a la GameStop stock. He participated in the 'pump' and the 'dump' that got us here and now he is going to try and create a market rout so he can buy back in and start all over again. If he creates a stampede towards the exit I bet he tunes back in later this year after he's quietly bought up stuff in the crash and prognosticates a new great investment opportunity just by coincidence consisting of the cards he owns. Doesn't mean his legion of knuckle-dragging, mouth-breathing, sub-normal-IQ followers will catch on and ignore him, though. As repellant and as transparent as he is, you have to take his threat seriously, because lots and lots of dummies follow him as an investment guru. I'd not be loving the future for some of the more inflated, shiniest crap right about now because the people who'd get their panties in a wad over it are the kind who'd pay attention to this crap-weasel.

[dio]

I think he's a loser regretted sold his trout and use all the money to buy derek carr card, instead of buying 52 mantle or trout

[hcv123]

I guess nobody told him - what happens in Vegas stays in Vegas.....Dave!

[rjackson44]

Hes always been full of crap lol.heres a guy that invested millions on david carr cards% nuff said

[bobbyw8469]

Vegas Dave is a loser, wanna be tout. He made a fortune by ripping off others. Pump and Dump is right. Someone needs to dump this chump.

[notfast]

Originally Posted by packs

It's kind of weird Vegas Dave knew everything that was going to happen 3 years ago but only bought 1 Mike Trout card.

He had WAY more than one. I believe he had multiple oranges and at least one red.

VD is an idiot. You can’t put Jordan/Mantle in same category as Giannis and Tatis. He was pumping David Carr a few months ago and is now salty he’s out of the market that is booming.

The market WILL settle or level off at some point but a crash is not imminent nor expected.

[Yoda]

The sweet aroma of Dutch tulips seems to be calling. Vegas Dave?

[packs]

I do wish I held some cards until now though.

[ocjack]

If it crashes, it just means I can buy a lot of nice stuff. Cheap. Well, cheaper.

[conor912]

While I can’t think of a douchier delivery, I also don’t expect much class from a guy known as Vegas Dave.

[Exhibitman]

The guy who bought the Mantle said he really wanted one ever since he was a kid collecting, so I don't know that his purchase fits the VD 'investment' plan. Once a guy like that gets hold of a card like that odds are you have to pry it from his cold, dead fingers.

[todeen]

Originally Posted by Casey2296

I'm moving back into Beanie Babies...

Hahahaha well played

[dio]

Originally Posted by Exhibitman

The guy who bought the Mantle said he really wanted one ever since he was a kid collecting, so I don't know that his purchase fits the VD 'investment' plan. Once a guy like that gets hold of a card like that odds are you have to pry it from his cold, dead fingers.

How many of us are. I'm not rich like that guy but I'm not selling my 52 mantle at low grade.

[mechanicalman]

Irrespective of Vegas Dave's opinion, I still think cards are a better long term investment than GameStop.

[nolemmings]

Originally Posted by Casey2296

I'm moving back into Beanie Babies...

Pssst.... Pogs. Can't miss.

[BRoberts]

My guess is after "Vegas Dave," whoever he is, watched the GameStop story unfold over the past few days, he got an itch to have the sportscard-investing spotlight shine on him.

[Kutcher55]

Originally Posted by BRoberts

My guess is after "Vegas Dave," whoever he is, watched the GameStop story unfold over the past few days, he got an itch to have the sportscard-investing spotlight shine on him.

Indeed it's a highly effective attention-grabbing tweet. Kudos, Vegas Dave, for knowing how to push buttons.

[JollyElm]

I have no idea who this douche-knuckle is, but his intent seems pretty obvious. Read this part of his quote:

Originally Posted by samosa4u

Only certain cards will pop and hold value. 1% of the people in the world own those cards. The rest of the 99% of you all will lose your asses. You all have a solid year to sell. But trust me in 24-36 months this bubble will pop and pop big.

He wants to scare the heck out of anyone (who actually pays attention to him) into selling their cards, so he can pick them up on the cheap and flip them as the market continues to soar. There's no difference between him spewing his fear tactics and the gruff, pot bellied dealer at a card store telling you how your (valuable) cards are pretty much worthless, so he'll take them off of your hands for a mere song.

[JeremyW]

Originally Posted by Kutcher55

Indeed it's a highly effective attention-grabbing tweet. Kudos, Vegas Dave, for knowing how to push buttons.

Social influencers drive & dive markets, but I have zero interest in their BS. I just keep collecting what I like.

[nineunder71]

Originally Posted by nolemmings

Pssst.... Pogs. Can't miss.

POGS!!!!!!

Great Post, haven’t thought about those in 20 years

[Kutcher55]

Originally Posted by JeremyW

Social influencers drive & dive markets, but I have zero interest in their BS. I just keep collecting what I like.

Amen brother. It makes for good conversation but if you like to collect then who really cares.

[nineunder71]

Originally Posted by Kutcher55

Amen brother. It makes for good conversation but if you like to collect then who really cares.

The guy that bought that Trout for 4 bigs ones might

[bbcard1]

Gary Vee put out a contradictory statement that we have just seen the tip of the iceberg.

FWIW, there are and have been a lot of things that have had pretty big run ups like Aaron rookies / Koufax / that are nice pieces that any collector would want to have but not rare. I think they could moderate. Soto, Acuna, Tatis rookies could dip but not crash. They could all be generational players. A lot of the new stuff has been very liberally produced and it could take a pretty big hit.

[GaryPassamonte]

Originally Posted by JeremyW

Social influencers drive & dive markets, but I have zero interest in their BS. I just keep collecting what I like.

A man after my own heart.

[Leon]

As someone above says, if it crashes, I can buy more. I don't even know what the shiny stuff is so doubt I go there.

AND everyone commenting in this thread needs to read the rule in bold letters near the top of every page. Your full name needs to be out here, if you commented on Vegas Dave, or you you can edit your comments out. Thanks

...

[RL]

who is Vegas Dave? and why would anyone care what he says?

[hammertime]

I'm one of the n00bs bringing new money into the hobby or inflating the bubble, depending on your perspective I guess. I can't comment directly on what the future holds for sports cards. But I will say I've been collecting vinyl records for over 20 years. A "vinyl revival" began about 15 years ago (it even has its own Wikipedia page). Starting about 10 years ago I became convinced that the vinyl market was going to crash any day. I've even gone through a few waves of selling off parts of my collection thinking I'm timing it at the top and I'll be able to buy them back later for pennies on the dollar. I'm still waiting, and I've since given up any attempts to "call the top". Food for thought.

[CJinPA]

Originally Posted by Casey2296

I'm moving back into Beanie Babies...

NICE one!

[Exhibitman]

Originally Posted by bbcard1

Gary Vee put out a contradictory statement that we have just seen the tip of the iceberg.

Looks like we need a cage match between Vegas Dave and Gary Vee. Might look something like this:

[Fuddjcal]

Originally Posted by dio

I think he's a loser regretted sold his trout and use all the money to buy derek carr card, instead of buying 52 mantle or trout

I would never sell my 51 or 52 Mantle card to a jackass like that. It would have to be a like minded collector. Would never sell it to a guy who has bought a Luka, Snuka, Wandering Franco or Jaylen Domingos. Just don't believe those are true collectors. They are "investors" like all the 8 year old investors that lost their asses in the 1980's making a killing now. More power to them.

I collect for the fun it brought me as a child, not the $$$$. It is rather crazy that the same system they used to drive up all the prices on the new crap is proving to work in the stock market right now. Interesting times to say the least. I wish them ALL the best! Never been one to follow the get rich quick crowd. Always been a dollar cost average, diversification kind of a guy. I sleep great at night and if the light went out tomorrow.

I learned long ago that hard work, slow and steady with integrity while giving as much as I can to others wins the race.

[brianp-beme]

When it comes to my collectible expenditures, I place my trust in Atlantic City Sal, who knows a thing or two about a thing or two.

Brian

[Exhibitman]

[jbsports33]

The only speculation in trading cards is the real high end stuff, the shill bidding within auctions and grading practices. Many of the stories I do not want to hear about when I started in this hobby, but I keep going anyways. Nothing has changed on my end still the same dealer in the middle with fair prices and some eBay auctions

Prices always change - up and down, I never thought it would come back 10 years ago - let's just enjoy the hobby!

Happy Collecting!

Jimmy

[bmattioli]

I only buy low grade so I'm good..

[conor912]

Originally Posted by brianp-beme

When it comes to my collectible expenditures, I place my trust in Atlantic City Sal, who knows a thing or two about a thing or two.

Brian

I’m a Reno Vito guy myself.

[Harliduck]

Never heard of this clown...but if those big time 1 of 3 cards or whatever crash, they will effect the 1% of collectors he references, not the 99%. The 99% have been waiting for a crash so we can buy more cards as said...haha. If your 57 Mantle drops to 50 bucks, I'll buy it...and thousands more will be in line. I think he had that backwards.

No matter what is said...what a jerk to insult and demean the man who just paid him millions. My dad would've kicked my ass if I did that.

[BobbyStrawberry]

I have no idea who Vegas Dave is or why he would demean his customers, but I'm curious how he landed on 24-36 months. It seems to me that if the bubble bursts (to whatever extent) it will be sooner than that.

[Exhibitman]

Originally Posted by BobbyStrawberry

I'm curious how he landed on 24-36 months.

Six months to a year to stampede the herd towards the exit, another six months to a year to buy up everything they sold, then start pimping it all over again.