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Great news for me - all collectibles will one day crash in value!
originalisbest
Posts: 5,915 ✭✭✭✭
- thereby, leaving plenty of opportunities for me to buy at pennies on the dollar compared to today's prices. Hey, maybe I'll be able to get $20 Saints at the $65 prices I read they once traded at "back in the day"!
...or so this guy "delekkerste" from across the street would have you believe. He's a banking/investment fellow from NY who is of the following opinion re: comic books, but he drags all collectibles into his theory as follows:
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someone said to him: Collectables go in cycles. Like the stock market, you buy when they are low and sell when they are high (if that is where your interests are).
His various replies (emphases are mine):
That implies regular periodicity and does not account for secular declines, which I believe the comic book hobby is in (as are cards, stamps and coins). Not saying they are going away anytime soon, but I doubt any of them will be as popular as they were in the 20th century.
I know there's a lot of smart people on this Board who don't seem to think so, but I'm going to stick to my guns and declare that there has been a cultural paradigm shift away from collecting condition-sensitive artifacts. We live in a digital, disposable, interactive age...the collecting habits of the next generation won't be what we've all grown up with.
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Yessir, we've all been wasting our time, discussing the merits of VF, AU and eleven states of minty-freshness. Why, I've a mind to scrub all my original AU Barbers clean, and spend all my classic gold for face. Old things are stinko and no one in the future will take any interest in anything that occured prior to their brief-span lifetimes.
What do YOU say?
...or so this guy "delekkerste" from across the street would have you believe. He's a banking/investment fellow from NY who is of the following opinion re: comic books, but he drags all collectibles into his theory as follows:
_____________
someone said to him: Collectables go in cycles. Like the stock market, you buy when they are low and sell when they are high (if that is where your interests are).
His various replies (emphases are mine):
That implies regular periodicity and does not account for secular declines, which I believe the comic book hobby is in (as are cards, stamps and coins). Not saying they are going away anytime soon, but I doubt any of them will be as popular as they were in the 20th century.
I know there's a lot of smart people on this Board who don't seem to think so, but I'm going to stick to my guns and declare that there has been a cultural paradigm shift away from collecting condition-sensitive artifacts. We live in a digital, disposable, interactive age...the collecting habits of the next generation won't be what we've all grown up with.
______________
Yessir, we've all been wasting our time, discussing the merits of VF, AU and eleven states of minty-freshness. Why, I've a mind to scrub all my original AU Barbers clean, and spend all my classic gold for face. Old things are stinko and no one in the future will take any interest in anything that occured prior to their brief-span lifetimes.
What do YOU say?
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Comments
I feel the opposite is / will be true.
JMO
myEbay
DPOTD 3
Too bad he forgot about those classic car price crashes, too; after all, they're condition-sensitive and he could've rounded it out nicely there. Someone lemme know when I can get a cherry '71 Hemi 'Cuda for the 1973 price of $6,000 or so! Someone richer can take the Duesenbergs that I'm certain will come down to a reasonable $100,000 or so.
I think he needs to find a hobby
myEbay
DPOTD 3
DOH!!!
I missed it. Knew it was coming up.
Now I cant make the `hey look everyone.I,m a Master Collector now` post.
Thanks SYRACUSIAN.
of the population that will seek quality collectables, including coins.
As long as the collectors have the income and there is a limited supply of high-
grade coins, the market will continue to maintain it's value.
We humans are collectors by nature.
Only if we,re ever all wiped out will that change.