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#1
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I agree with this post.
The bubble isn’t just Baseball, other collectibles such as Magic have seen huge returns. Quote:
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Collecting: Sandy Koufax "Left Arm of God"
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#2
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Remote workforce is here to stay. Companies saves ridiculous amount of money on office space, amenities. Work productivity is not affected at all. There's no reason to put force ppl back into work. Maybe only on occassion |
#3
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There are jobs though that physically require you to be on site. Additionally Many people like the structure of an office job or being in a physical work place. We need in person interaction, humans are social creatures.
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Successful Deals With: charlietheexterminator, todeen, tonyo, Santo10fan Bocabirdman (5x), 8thEastVB, JCMTiger, Rjackson44 Republicaninmass, 73toppsmann, quinnsryche (2x), Donscards. |
#4
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Company mgmt only care about the bottom line $$$.
Finance will not approve budget for office space amenities security cleaning just for their employee want to social. They can social all they want after work on their private time. Zoom meeting can get pretty much done and social interaction. People just need to accept the reality things had already changed and there's no way back Not saying every single job will. But we won't see it to live work like before covid. Last edited by dio; 01-23-2021 at 09:44 AM. |
#5
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Good thing I work for the Department of Defense. I have to be at work in my office to be of any real value. Love to see all those auto mechanics and bartenders and manufacturing plant employees working from home as well. Maybe it's going to be that way in your niche, dio, but for the majority of U.S> jobs, they can't be accomplished via telework.
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-- PWCC: The Fish Stinks From the Head PSA: Regularly Get Cheated BGS: Can't detect trimming on modern SGC: Closed auto authentication business JSA: Approved same T206 Autos before SGC Oh, what a difference a year makes. |
#6
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Successful Deals With: charlietheexterminator, todeen, tonyo, Santo10fan Bocabirdman (5x), 8thEastVB, JCMTiger, Rjackson44 Republicaninmass, 73toppsmann, quinnsryche (2x), Donscards. |
#7
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For computer repair at our work. Instead of like apple store type of help desk. We have a vending machine where you can badge in to get a replacement and they will send to remote location to fix
Mechanic ar essential worker. They always at work. There's no difference between now and vaccine Plant workers . Many new plant already have ai automation that eliminates a lot of human last couple years Restaurants workers. Starting to see more automated food delivery system. More in asia. Will process more in the states in the next few years I'm njust telling you. Things are definitely changing. You might not agree that's fine |
#8
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Disagree to an extent. Many big companies are reviewing WFH vs office and while WFH sounds great, companies are seeing decreased employee engagement, more Performance issues, etc etc thus having an impact on client service and accuracy.
While many won’t go back FT in the office, many top leaders and upper mgmt are looking at a hybrid approach or SOME flexibility but not nearly what you would think. So, while we are passionate about our collectibles, if your speaking from an investment standpoint it’s irresponsible to think this will continue in this capacity. It won’t.
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Collecting: Sandy Koufax "Left Arm of God"
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#9
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How people work is irrelevant; how they play is the key. We are all stuck at home doing jack-squat right now. My dining, concert, movie, event, etc., money is available and I am bored AF. You can only watch so much Netflix before you go nuts. Hence the turn to hobbies made all the more potent by the rise of virtual communities like this one. The test will be how many stick with it when they can go out again.
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Read my blog; it will make all your dreams come true. https://adamstevenwarshaw.substack.com/ Or not... |
#10
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However, if the $2000 stimulus checks pass, card prices are going to go wacko again. Sent from my SAMSUNG-SM-G930A using Tapatalk
__________________
Barry Larkin, Joey Votto, Tris Speaker, 1930-45 Cincinnati Reds, T206 Cincinnati Successful deals with: Banksfan14, Brianp-beme, Bumpus Jones, Dacubfan (x5), Dstrawberryfan39, Ed_Hutchinson, Fballguy, fusorcruiser (x2), GoCalBears, Gorditadog, Luke, MikeKam, Moosedog, Nineunder71, Powdered H20, PSU, Ronniehatesjazz, Roarfrom34, Sebie43, Seven, and Wondo |
#11
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Main consideration potentially missed
The values of any "commodity" is primariy dictated by supply and demand. What is going on right now in many cases is demand is outpacing supply causing upward pressure on price.
The comments related to remote work only factor in as much as how people heading back to work will affect supply and demand (if at all). While there are certainly anomalies, my opinion is there will be no "crash" - possibly some pockets of weaker demand in some spots though. |
#12
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Guys - I think the recent explosion of prices has only a little to do with "Joe Blow" collector (like me) with some more time on his hands and maybe some additional funds because we're not going out to dinner, buying clothes, paying for gas etc.
What's more concerning (I mean this in terms of pricing out us average collectors for good) is the massive amount of $$$ coming into the hobby from investment-type firms who are literally buying up cards as part of diversified portfolios for their clients. Yes this started with really high end cards, ultra-modern basketball, parallels, auto's, etc. but is now filtering down and affecting all aspects of the market as people are looking for the next "undervalued" place to invest. There is even a new focus on junk-wax era cards which have also seen a big boost. I read somewhere that an investment banker was literally trying to buy up every 260 PSA 10 '82 Topps Rickey Henderson card to "corner the market" and boasted he was already half way there. The price on that card has absolutely skyrocketed as a result. I'm not trying to be all conspiracy theory about it but if you follow the dollars I think this bubble is here to stay and likely get much bigger in the next 5 years even well after average collectors have gone back to work. |
#13
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Sent from my SAMSUNG-SM-G930A using Tapatalk
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Barry Larkin, Joey Votto, Tris Speaker, 1930-45 Cincinnati Reds, T206 Cincinnati Successful deals with: Banksfan14, Brianp-beme, Bumpus Jones, Dacubfan (x5), Dstrawberryfan39, Ed_Hutchinson, Fballguy, fusorcruiser (x2), GoCalBears, Gorditadog, Luke, MikeKam, Moosedog, Nineunder71, Powdered H20, PSU, Ronniehatesjazz, Roarfrom34, Sebie43, Seven, and Wondo |
#14
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#15
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Selfishly, I would like to see both prices and participation in vintage go back to normal levels. I don't expect this to happen in the near-term future. While I have individual cards that will no doubt benefit from the bubble, I'd like to be able to continue to get more of them long before I'd consider selling...
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Vintage Cubs. Postwar stars & HOF'ers. Last edited by jchcollins; 01-25-2021 at 06:10 AM. |
#16
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Population reports from the likes of PSA are problematic because it takes little market knowledge to corner it. A card with only 10 or 20 high grade examples can be scooped up quickly. |
#17
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Rich BTW -= Topps is not really raising the prices of the boxes of the cards you see at the big box stores but reducing the quantity within. Think of the last couple of Topps products in those stores as something similar to the candy bar size reduction process. That might also stop some of the retail explosions.
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Look for our show listings in the Net 54 Calendar section |
#18
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Biden is also now floating the idea of $3k stimulus checks per child. So if that happens a lot of kids are probably getting vintage baseball cards...
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Vintage Cubs. Postwar stars & HOF'ers. |
#19
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#20
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1) More time on their hands as either having time off from work or transitioning to Work From Home (WFH) 2) Had their old cards in the closet and realized what fun they had as kids during the boom market and went back 3) Realized the market was in an upswing and people like getting into an up market. 4) Was BORED with watching a screen all day for work and liked a distraction. 5) Without the hobby stores being open, the big box stores you went to for groceries or other items were also the primary place to purchase new boxes. Yep, more competition for a growing up sells more cards. I'm sure there are more but these are pretty good reasons Rich
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Look for our show listings in the Net 54 Calendar section |
#21
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I seriously doubt that investment funds are driving the prices of vg Jackie Robinson cards. Just lots of new collectors, returning collectors, and long-time collectors, all with time and money on their hands, and in the latter case, a good dose of FOMO-better-get-it-now-before-it-goes-up-more. And these virtual communities and chat boards and blogs add to the momentum by allowing us some sorely-needed social contact in these days of isolation and boredom.
The real question is whether the bubble will pop or deflate, and to what extent. I don't see prices dropping back to pre-escalation levels on many cards. That has never been the case, as anyone who has waited 40 years for a price break on a 1952 Topps Mantle will tell you. Way I figure it is that a $900 card in 2019 that is $5,000 today may see $3,000 again but will go back up again unless some sort of catastrophe wrecks the overall economy for years. Baseball cards I sold for 'ridiculous' prices a few years ago are at or below market now. I'm not sorry I sold, just aware that this is cyclical with prices generally trending up over the years on quality materials. Similarly, I have very few quality baseball cards that I am sorry I 'overpaid' to get a few years ago.
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Read my blog; it will make all your dreams come true. https://adamstevenwarshaw.substack.com/ Or not... Last edited by Exhibitman; 01-26-2021 at 01:43 PM. |
#22
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People may have other bills to pay, but they also were looking ahead to their future. And I always think that's a good thing.
__________________
Barry Larkin, Joey Votto, Tris Speaker, 1930-45 Cincinnati Reds, T206 Cincinnati Successful deals with: Banksfan14, Brianp-beme, Bumpus Jones, Dacubfan (x5), Dstrawberryfan39, Ed_Hutchinson, Fballguy, fusorcruiser (x2), GoCalBears, Gorditadog, Luke, MikeKam, Moosedog, Nineunder71, Powdered H20, PSU, Ronniehatesjazz, Roarfrom34, Sebie43, Seven, and Wondo |
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