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I have noticed a softening of prices.......

WondoWondo Posts: 2,916 ✭✭✭
in Trading Cards & Memorabilia Forum
on some pretty decent cards lately. Hve you? For instance, I picked this up on the bay last night for what I considered a bargain on an exceptional piece (I know it's SGC, but the PSA version is similarly priced). Do you think it's the economy, market saturation, or a market correction?

1956 Topps Snider Ebay

image
Wondo

Comments

  • larryallen73larryallen73 Posts: 6,067 ✭✭✭
    Nice card for $225! WOW!
  • julen23julen23 Posts: 4,558 ✭✭
    No -ish!

    j
    image
    RIP GURU
  • LeiascardsLeiascards Posts: 3,233
    Its quickly becoming a buyers market on Ebay. Especially with low to mid grade vintage.
  • 1123581311235813 Posts: 610
    Gorgeous card!

    If not sure whether or not prices are softening because of the overall economy or whether you just managed to pick up a card that fell through the cracks a little. You paid about 79% of SMR, which while a nice bargain, is not unusual at all.

    For example, last night I picked up a 1964 Topps Giant PSA 9 Aaron for $188 (47% of SMR) and got outbid on a Topps Giant PSA 9 Mays which went for $329 (66% of SMR).

    In my experience, it's not difficult at all to find PSA 8 & PSA 9 superstars from the 50's and 60's on EBay selling for 60-80% of SMR, especially BVG and SGC graded cards. And GAI cards rarely go for more than 50% of SMR.

    Would be interesting to check VCP see what that Snider card has been going for in general.

    Matt
  • OnlyThe10sOnlyThe10s Posts: 1,850
    Wondo's card is the only SGC 88 on VCP @ $223.62.

    PSA 8's are averaging $230.75.

    Seems like you paid right about "Market value"

  • 1123581311235813 Posts: 610
    I think you also have to consider that fact that most people consider SMR to be rather inaccurate (to the high side). So using it as a reference point for judging whether or not a card is a bargain is probably going to lead you astray. That's why when I buy a graded card that I may need/want to flip later, I never pay more than 50% of SMR. That way, even if the true market value is only 70-80% of SMR, I've still left myself a cushion to make a small profit.
  • OnlyThe10sOnlyThe10s Posts: 1,850
    I was guilty of over-using SMR for quite some time and it actually led t me overpaying for a few cards here and there.

    In some cases, I've paid 20-30% of SMR and in others I've paid 200% of SMR. Depends on the card.

  • digicatdigicat Posts: 8,551 ✭✭
    Nice card!

    I haven't really noticed any softening of the market with the stuff I'm hunting for. If anything, prices are UP past what they were a year ago for some items (e.g. 1963 Topps Orlando Cepeda in PSA 8)
    My Giants collection want list

    WTB: 2001 Leaf Rookies & Stars Longevity: Ryan Jensen #/25
  • BobaFett72BobaFett72 Posts: 7,304
    well, gas prices are creeping up to $4.00 a gallon.. gold is skyrocketing, stock prices are slowly tanking; economy is slowing slipping into a recession.... not much left for discretionary spending these days.
  • cohocorpcohocorp Posts: 1,371 ✭✭
    definately the economy. all business owners i know (in a variety of industries) are all struggling. very few people have disposable income at this point in time. nice card by the way!
    my ebay listings
  • Ladder7Ladder7 Posts: 1,221 ✭
    The big spending is over. This begins the years when we sit back and enjoy what we have.
    some cards
  • StanTheManMusialStanTheManMusial Posts: 2,053


    << <i>The big spending is over. This begins the years when we sit back and enjoy what we have. >>



    I have to say, this may become the most true statement for alot of collectors.

    Another thing, softer selling prices, and higher Ebay/Paypal fees, might result in less of the truly nice stuff hitting Ebay as well. I have spoke with several higher end dealers that said it's getting tougher and tougher to want to list their better stuff, due to these factors.
  • WondoWondo Posts: 2,916 ✭✭✭
    Nice comments - thanks!

    The price that I paid for the Snider I thought was on the lower side considering past performance of the card. It doesn't look like a lower end example ; it's nicely centered and looks in condition very representative of the grade. As commented, it doesn't seem to matter whether PSA or SGC right now, it seems to be a readjustment of the market. I was happy to pay that price for that card which would have cost me more six months to a year ago.

    When prices recede I tend to buy more -- when they jump, I sell more. I have a very fluid collection.

    John
    Wondo

  • rube26105rube26105 Posts: 10,225 ✭✭
    i need more stuffimage
    -im waiting for good stuff to hit ebay i need and not garbage low grade
  • stownstown Posts: 11,321 ✭✭✭
    You know, I'm getting a little bothered by people saying the market price is dictated on VCP's pricing.

    They don't differentiate (did I spell that right?) high/low end grades, which creates an illusion that all cards are graded equally.

    Wondo's Duke is pretty much as clean as they come in that grade. I would be willing to bet none of the previous, recent sales are real comparisions.

    I'm not basing the service, it's a great tool and guide but that's it.

    / rant

    Great pickup, Wondo image
    So basically my kid won't be able to go to college, but at least I'll have a set where the three most expensive cards are of a player I despise ~ CDsNuts
  • RonBurgundyRonBurgundy Posts: 5,491 ✭✭✭
    Was just talking about this ten minutes ago. I think it's partly due to the economy, but more due to the time of year. Baseball not yet started, and impending tax time. I notice a softening on Ebay about this time every year.



    Ron
    Ron Burgundy

    Buying Vintage, all sports.
    Buying Woody Hayes, Les Horvath, Vic Janowicz, and Jesse Owens autographed items
  • SidePocketSidePocket Posts: 2,901 ✭✭✭
    stown is right on the money. It's the same reason that the .5 grading scale is not needed. A high end, well centered 8 will always sell for more, maybe a lot more, than a low end, off center 8. Nobody needs the .5 to tell them that.

    "Molon Labe"

  • hofautoshofautos Posts: 1,934
    I think that there is just too much stuff out there. A lot of the new collectors collect rookies and autos. I think besides rookies and classic cards, the market will continue to soften, as more and more cards are available, as more and more collect modern stuff and rookies. I haven't noticed any softening of rookie vintage cards.
  • stevekstevek Posts: 29,236 ✭✭✭✭✭
    I agree, it is becoming a buyer's market...but of course there's only one catch...you need to have money to be a buyer.
  • fattymacsfattymacs Posts: 2,579 ✭✭✭
    I've been winning more auctions than usual, and I've only over bid once (thanks Coors brewing Co., Golden Colorado)
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