Quote:
Originally Posted by Casey2296
Card collecting is like real estate. The "good stuff" will weather the storm, high quality rare cards, popular pre-war sets, etc. will hold their value through a downturn. You might pay 8k for a Ruth that went for 15k at the top but it's still a Ruth. And the downturn is coming, anybody who lived through the 70's knows this. You can't overstimulate the economy without inflation. And once inflation sets in it's a painful beast to beat. Smart people know this, politicians ignore this to get re-elected.
I try to think 30 years ahead after I'm dead when my kids open 3 suitcases of cards with Al Crisafulli's kids and they all say "Jesus, he put together a nice collection".
Just before they auction it off to use that resource to live their dream.
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I think short term, prices will be somewhat stable. The guy who paid $15K for a Ruth will hold onto it (for a while at least) rather than sell for $8K. However, long term, over 20-30 years as the first big generation of collectors goes to the big BB Diamond in the sky, I could see a large influx of cards, being sold by our heirs, people with no emotional attachment to the cards and who will take what they can get. At that point I could see prices for many items go down significantly. Actually, I won't see, becasue I'll be dead, but you get the picture.