The Bubble?
Trout card going for $4 mill is like a high flying tech stock rising on momentum. No one can really say why it has risen so fast. There are speculators willing to bet on continued rise. It does not really matter to those speculators why it rises as long as there is someone willing to pay more. They will say it is unstoppable and a sure thing.
Cobb, Ruth and Mantle are the AT&T, Berkshire Hathaway like cards. They will rise in time and have strong fundamentals. Buyers want to own these cards for a long time and don’t think of their collection as a way to make a quick buck.
Young card buyers love Trout. He is a great player who will make the Hall of a Fame. That does not mean his $4 mil card or any of these created rarities will survive the test of time. Maybe I am wrong but fundamentals matter. History matters. I would take Honus Wagner and sleep well knowing it will appreciate over time. Trout is a Vegas Dave card. Vegas and betting are the key words.
|