Modern player signature prices: Time to check out?
I was recently chatting with a few collectors about the insanely high cost of modern players, e.g., Trout $700, Jeter $800+, Rivera $300+, Griffey $400+, etc etc.
Seasoned collectors are checking out. And, how does the hobby attract new participants at prices like this?
I used to collect the HOF postcard plaks from every new class, and I've given up. Not that I technically could not afford it, but it's a matter of principle. I'll be damned before I pay $400 for a Ken Griffey signed postcard plak. I can't even imagine what a Jeter plak is going to go for. "On sale" at Steiner for $500?
The thing is, these are NOT investments. You'll never get your money back out. God willing, these guys will be around signing for many decades. Dealers are sitting on a ton of stock, and the market is being diluted daily by a steady and mass influx of fakes.
One could argue you do it for the enjoyment, not the investment. Maybe it's me, but I just can't "enjoy" being subjected to predatory pricing to keep a frivolous thing like a collection going.
I believe it's time to cut bait and run.
Am I alone?
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