State of the market?

So, what are you seeing? Ups? Downs?
Buyer's market?
(Let's take modern stuff, say from 1990 up, out of the equation)
Buyer's market?
(Let's take modern stuff, say from 1990 up, out of the equation)
Collecting my sports heroes, Roger Staubach and Kirby Puckett.
0
Comments
Cash is about to become GOD.
I'll let ya know after this weekend - I've got a snipe on a card and a few other items.
One thing I was told - some restaurants are starting to feel the crunch.
mike
<< <i>CASH is king.
Cash is about to become GOD. >>
versus Credit cards in the 80's?
versus Stocks in the 90's?
Maybe the 25 cent fixed-price listing sale, that eBay has been running for the past couple of weeks, has tempted quite a few sellers to list their high-ends with a Buy-It-Now, rather than take a chance on lower selling auction prices. (It seems that a very low percentage of these are sold!)
It's definitely a buyer's market out there right now for a lot of stuff.
Hopefully, things will pickup after Labor Day.
PoppaJ
<< <i>I honestly have to say, I don't have a clue.
I'll let ya know after this weekend - I've got a snipe on a card and a few other items.
One thing I was told - some restaurants are starting to feel the crunch.
mike >>
Our customer count has fallen about 4% this year, but our sales have increased by over 15% some of that can be attributed to a 6% menu increase to offset minimum wage going up and other costs going up..
Just like anytime the economy takes a downturn the people who can afford to spend money are doing so and will come out on top afterwards. Lots of fortunes were lost during the Great Depression, but just as many were made. Locally the economy is still moving forward. I see sold signs on houses all over the place lots of new contruction and a surplus oj jobs.
Centered 1961 Fleer basketball cards are still selling very well (I was recently the underbidder on about twenty different centered raw cards that all went for approximately PSA 8 prices), and an Oscar Robertson RC that probably is an 8 OC went for $260 last night.
Likewise, Steve Novella recently broke up PSA 8 sets of 1962 Topps Football and 1955 Topps All-Americans on Ebay in which most cards went for well over book.
On the other hand I've been able to buy some really nice cards at very reasonable prices that are well below book:
a PSA 7 1955 Topps All-American Otto Graham for $175
a SGC 84 1961 Fleer Wilt Chamerlain IA for $200
a PSA 9 1976 Topps Kareem Abdul-Jabbar for $70
a PSA 9 1976 Topps Kareem Abdul-Jabbar AS for $35
a BVG 8 1969 Nolan Ryan for $300
So I think it really depends on the card/issue.
Generally, though, my impression is that listings on Ebay are down a bit and while prices for anything graded below PSA 8 are soft, prices for high-quality raw are holding up well.
I was in my local card shop last night and the owner told me yesterday was the busiest he had seen it all year, with about 5 people in the shop. I have regularly seen twice that many people in the shop in the past.
High end vintage is essentially recession proof since the audience dropping big bucks on these cards is rarely swayed by economic hiccups.