Modern prices leading to a personal collection shift
rexvos
Posts: 3,304 ✭✭✭✭✭
I collect primarily football and baseball and since I have a son that also collects I am still grading tons of modern. I just can no longer hold onto the modern football I have accumulated at the price they are commanding. When I say modern I am primarily talking about Panini Prizm products. I sold a 2016 Dak Prizm PSA 10 RC last week for $450. It was a silver but from 2016-2017 all the rcs were silvers. I got rid of Mahomes 10 last year. I now need it for the SB MVP set I have been working on for years, but I do not see me getting it. Frankly I do not like the cards. They do not appeal to me one bit. I sold a Wentz Prizm PSA 10 this morning and then used the funds to buy a 1984 USFL Reggie White RC PSA 9. I know to each there own but the Prizm football/basketball bubble has to bust at some point. Even the unlicensed 2012-2013 Baseball Mike Trout stuff has gone through the roof.
This will lead me to almost completely stop working on key RC sets unless the sets are complete with no new additions after 2015.(unless New Orleans Saints related) I have no problem forking over cash for a card I deem worthy of the price, but I just do not get it. I have no problem in the past shoveling out the cash for the key Brady, Manning, Brees, or Rodgers, but it s hard pass for me on this new stuff.
Hopefully I can sell enough more new stuff to land a nice Otto Graham RC. At the current market prices it will not take that much.
Comments
I've been through exactly this calculation. First in the mid 2000s and again now....I just can't wrap my head around the way cards have evolved. Ultra modern is not for me. The money is great but the commodity involved bums me out.
Too bad about all those registry sets that will never get completed.
I don't see how anyone affords to collect modern BKB. Is it because of the global demand?
The prices for key rookies 1980+ has forced me to take a hard look at my collection to decide what I really need to keep.
I've given up on my modern rookie list. Thankfully I filled most of my 80s/90s list the past couple years.
Who would've guessed Canseco & Gooden would be selling at 400, 500, $600?!
Moved on to the less populars: Lofton, Vizquel, Cone, Kirk Gibson, and unbelievably Larkin. And many others.
It's actually been a lot of fun. I'll sit tight until the market cools off.
Erick
I thought Kenny Lofton was the best lead off man in the AL during his time in Cleveland. How do the saber geeks look at his numbers? In my limited understanding, I thought SBs were not valued highly.
Bubble may burst but it may not be as big as a bubble as many think. Graded sports cards have most certainly moved into the realm of "buy silver & gold" status of stock market down investing. And yes, it is global. Even more predominantly when you're talking modern basketball, football and even '80s icons. There's a notion often referred to in real estate as the "starbucks effect". And with that being said, I am sure psa did it's market research prior to opening an asia office. I'd say that has a pretty big effect and determiner of what the global market is doing.
All that being said I am still buying and selling actively. If I run into a deal I can’t pass up I will take it but at heart I am a collector. I can sell some of these modern I have accumulated and turn them into something that I value I am going to do it every time
Nothing wrong with that!