Posted By:
Bruce Dorskind
Mike raises a plethora of thought-provoking issues
Whilst there may always be a "demand" for sports cards, that certainly
does not provide a guarantee that prices will not fall.
Over the course of the past several months, we have witnessed weaker
auction prices on a number of the more common cards---even those
from the most popular sets.
Whilst the press releases focuses on the record prices for the Joe Jackson,
Babe Ruth, Honus Wagner and Mickey Mantle examples, many other cards
go up and down.
As an avid collector of rare material for more than three decades we have certainly
seen radical shifts in the market. Rare regionals, rare books, some sheet
music and a plethora of other items are well below their all tiime highs... On the other
hand high grade e-cards have exploded over the past five years.
Our advise to Mike is to enjoy your collection for as long as it gives him pleasure.
Have a plan in place to dispose of your collection when the time comes and someone
who will represent the best interests of you and your family should an unexpected tragedy
occur.
We know, from personal experience, that even in the best of markets, if one has to
sell quickly, one will find a number of great items that will not begin to meet your
expectations.
We would suggest you speak with two or three auctioneers about long-term planning
and include your accountant in the discussions. If you have some really exceptional
pieces you may want to arrange to donate them to a museum.
Lots of good luck
Bruce Doskind
America's Toughest Want List