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Great article/author about the bullish prices these days

jsanzjsanz Posts: 250 ✭✭
in Trading Cards & Memorabilia Forum
Great article about the state of the hobby

I really like this guy's articles. It seems like he goes to White Plains NY show a lot.
Love those 70's - early 80's packs and boxes...send me a message if you are selling because I am buying

Comments

  • RedHeart54RedHeart54 Posts: 2,279 ✭✭✭
    Well, with more opportunities and places than ever to buy and sell, why shouldn't prices rise? At the end of the day we must remember that cards are commodities. If all this wheeling and dealing increases the value of my collection, who am I to complain?
  • SpinFadeSplash23SpinFadeSplash23 Posts: 909 ✭✭✭
    All I know is that I can't seem to win an auction online, especially a PWCC or a Probstein. Last sale could be $2500, I bid $2600, card sells for $2950. Seems like quality cards are extremely bullish, though I tend to focus on Jordans.
    Joe

    IG: goatcollectibles23

    The biggest lesson I've learned in this hobby, and in life, is that if you have a strong conviction, you owe it to yourself to see it through. Don't sell yourself, or your investments, short. Unless the facts change. Then sell it all.
  • ndleondleo Posts: 4,146 ✭✭✭✭✭
    Let's put all of this context. I have quite a few watches. I'm not a collector but I have spent thousands for a watch and I've spent $150 for a watch. If you apply logic to it, why would I spend thousands on a watch that tells the time just the same as the $150 watch. Because I like the watch the costs thousands and could afford it. It is not a rational decision. If you look at the brands that used to be mid-high - Tag Heuer, Omega, Breitling - they are all moving to even higher price brackets. The people that used to buy a $1500 watch now want to buy a $5000 watch. I can't explain it but that is where the market is at.

    Back to the article, I noticed the lack of diversity at the National as well. I don't think it really means anything since it was the same way when I attend my first big show in Plymouth, MI. The diversity may be spending their money on other things, the hobby doesn't need to be everything to everyone.

    Mike
  • packCollectorpackCollector Posts: 2,786 ✭✭✭
    Like Levi says, buy what you like. If you do this, you will never be disappointed. If you buy something and are counting it as an important asset, most likely it will not be worth what you want it to be when it is time to sell. There was a similar run up prior to the financial crash in 2008, many things sold for bargains because when people had to sell because they were counting on their cards as assets, the buyers were not there. History will probably repeat itself at some point but if you are not forced to sell things at bad times, things will probably work out for you in the long run and you will always have something you enjoy.
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