Quote:
Originally Posted by arc2q
There have been a rash of these articles recently discussing the "baseball card bubble"and all of them are flawed, this one included. The one example the author gives is the T206 Wagner (although unnamed) that Gretzky purchased for $500,000 in the early 90s. Guess what? It's worth a heck of a lot more than that now. If you bought a house in the 90s for $500K that sells for $4M now you'd have made a fantastic investment!
These articles all mistakenly conflate the saturation of the modern baseball card market in the 90s with the idea that baseball cards are not worth anything anymore. It is a flawed premise.
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Big +1...well said, Andrew.
So-called "journalists" are so incredibly lazy today that they could not be bothered to research a thing. This guy just bootstraps off an Economist story written by another lazy "journalist" who got the premise wrong too.
And you are right - it is HILARIOUS that he uses the Gretzky/McNall Wagner as an example in his poorly-researched (really no research at all) story, seemingly oblivious to the fact that the card proved to be a fantastic investment over this time period.
What a joke!!!
Cheers,
Blair