Printing More Money vs. High Card Prices

[dio]

Originally Posted by jchcollins

LOL. You never know when the good old centering debate will re-enter the equation! I would agree. A lot of the current thinking on centering preferences is the result of collective bias.

A lot of times, ppl compare a centered card with off centered but with similar aspect surface/corner, of course it makes the centering card look way superior
If you compare a beat up center 2 vs a bold color decent corner 2, i'll take the off center one every time.

[itjclarke]

Originally Posted by dio

If you compare a beat up center 2 vs a bold color decent corner 2, i'll take the off center one every time.

Agree 1000%.

Not OCD about centering in any way, having always preferred clean surface, image, corners. Glad to be in this camp. It saves me $$.

More to topic... big time price for the last Uncle Jimmy Jimmie last night. It's a nice example for sure, but wonder if the fear of missing out on the Uncle Jimmy offerings had something to do with its premium.
https://www.wheatlandauctionservices...entoryid=19358

[oldjudge]

Leon-I don’t think it is that. I think what you are seeing is new well healed buyers entering markets where the supply of desirable goods is limited. If anything, it is probably analogous to Tulipmania, although Tulipmania was a bubble and I’m not sure that this is. If there was too much cash sloshing around in the economy I think you would be seeing widespread inflation and you are not.

[AGuinness]

Originally Posted by oldjudge

Leon-I don’t think it is that. I think what you are seeing is new well healed buyers entering markets where the supply of desirable goods is limited. If anything, it is probably analogous to Tulipmania, although Tulipmania was a bubble and I’m not sure that this is. If there was too much cash sloshing around in the economy I think you would be seeing widespread inflation and you are not.

As far as the bubble aspect, regardless of the multitude and range of factors that have contributed to the rise in prices (stimulus, boredom, no travel, no meals out, etc. etc. etc.), some of the players will exit the market. They'll take their profits or losses, take that vacation or whatever. Not all of the people buying cards during this increase in prices will continue to buy cards. The pandemic will subside and many people will move on from cards for one reason or another. Prices will drop, whether this is a bubble or not, although I could see some of the cream of the crop retaining value and not giving back as much.
The big question for collectors is: how many new people who have entered the hobby will remain long term?
Then again, I've been very wrong about very many things before...

[chalupacollects]

I dunno, with Wall Street getting involved this may turn out to be an industry wide pump and dump... great time for sellers, buyers not so much...

[Johnny630]

Originally Posted by chalupacollects

I dunno, with Wall Street getting involved this may turn out to be an industry wide pump and dump... great time for sellers, buyers not so much...

I believe Modern 1980 and up there is a lot Of Major Pumping and Dumping Over Inflating because they have bought up all the cards and cornered the market.
Vintage they ain’t or weren’t able to get cheap, hard for them to P&D.

[Seven]

Originally Posted by Johnny630

I believe Modern 1980 and up there is a lot Of Major Pumping and Dumping Over Inflating because they have bought up all the cards and cornered the market.
Vintage they ain’t or weren’t able to get cheap, hard for them to P&D.

Some prices really make you scratch your head though, to the point where you have to believe this. Like the recent action on Rickey Henderson, or George Brett. I'm not doubting there greatness but so many of those cards were made and are around, these prices don't make sense.

It's the same thing with the Michael Jordan RC. I own one, (Though I'm pretty sure it's fake) but regardless of that, so many Jordan RC's exist. From what I've heard you could practically get them for free when they first came out, I get it, he's the Greatest Basketball Player but his Rookie in a PSA 10 should be nowhere near 700K with the amount that exist.