Quote:
Originally Posted by rats60
There are several factors here. Investors shifting money from other investments to high end vintage. Also, modern collectors who are used to paying 500-1000 for a pack of cards and selling modern cards for thousands of dollars shifting to vintage. Neither group is concerned with what these cards sold for 5, 10 or 35 years ago. They see a track record of gain in hobby staples and that is where they want to park their money.
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I guess I see the modern market as a much different beast than the vintage one, perhaps even so much so that they are separate markets altogether. What happens in one doesn't necessarily have much bearing on what happens (or might happen) in the other. So I don't necessarily see the speculation in the modern market having a strong connection to what is happening to prices in the vintage one.
In that way, I don't believe that adage, "a rising tide lifts all boats" for cards. A record sale for a PSA 6 1952 Topps Mantle doesn't necessarily mean anything for other 1952 Topps, other Mantles or even other graded 1952 Mantles, and even less for cards from other eras of other players. And sometimes a card is even a market unto itself.