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Car auction sales are down. Are cards next?

jsanzjsanz Posts: 250 ✭✭
in Trading Cards & Memorabilia Forum
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I hope not. This bull run in cards has been a lot of fun to watch.
Love those 70's - early 80's packs and boxes...send me a message if you are selling because I am buying

Comments

  • frankhardyfrankhardy Posts: 8,171 ✭✭✭✭✭
    If I sell, it's down. If I buy, it's up.

    Shane

  • UncleTwoPillowUncleTwoPillow Posts: 257
    I watched the Barrett-Jackson show yesterday and was darn tempted to hop in my Lear Jet and zip on down there with my fat bankroll. Only things missing are the jet and the bankroll.



    But, the intentions are good. So were the deals.
  • Dpeck100Dpeck100 Posts: 10,912 ✭✭✭✭✭
    You will notice in the article that a group of key buyers were missing due to a decline in their industry. If there are a large number of buyers for cards that were getting those resources from oil then it will certainly be an issue to contend with. That said I have seen a lot of names of high profile collectors associated with the legal profession and there is always work for attorneys.



  • BLUEJAYWAYBLUEJAYWAY Posts: 10,170 ✭✭✭✭✭
    According to financial reports outstanding car loans are topping out over 1 trillion,many sub-prime in nature (housing crash ring a bell here)? Have to wonder if there is any leveraging going on in the high end card purchasing arena.
    Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
  • addicted2ebayaddicted2ebay Posts: 2,097 ✭✭✭✭
    I don't think so for the vintage high grade RC cards. They seem to increase in $ by the day.
  • SouthsiderSouthsider Posts: 1,049 ✭✭✭
    There may also be a generational shift in play. The article mentions that "Low-mile American-built cars from the late 1970s and early 1980s also did well. A 1979 Pontiac Firebird Trans Am sold for $187,000."



    I would expect as the Boomers begin to decline, you will see a softening of the market for the cars of their generation, in favor of the 70's and '80's cars coveted by the Gen X and those with rising spending power.
  • KendallCatKendallCat Posts: 3,052 ✭✭✭✭✭
    Interesting thing about the car market is once you get out of the 70's/early 80's there are not a lot of cars with high demand. American muscle was big in the 60's and 70's, but the 80's was when imports took over with gas prices and you did not see demand for Mustangs and Camaros and Chargers....
  • GoDodgersFanGoDodgersFan Posts: 1,392 ✭✭✭
    It would be interesting the see the demographics of the major buyers in sports collectibles. If there's a down trend in prices, I am buying.
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