Quote:
Originally Posted by cardsagain74
Pre '86 hoops is not down 80% from the highs. And as I've mentioned before, '86 to '88 Fleer and modern basketball were the cards that had some of the most insane pandemic gains beforehand. So it's standard market action for those to have the biggest % drops once that mania subsides.
The comment earlier about so many more buyers becoming sellers lately doesn't make sense to me either. Prices for quality vintage have mostly held steady for a year now (obviously at levels that are still substantially higher than pre-pandemic times), and the BIN supply on ebay for vintage in general still only contains mostly overpriced items, and no more than were available when the recent boom was in full swing.
I'm not saying everything is currently amazing in the card world or assuming that things will stay this healthy. But some of you guys really have the most negative spin possible, especially for a marketplace that still looks strong so far (and has done incredible in just a two year stretch)
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Sorry but the overall marketplace is not strong, the cards that trade the most are trending down. Lots of examples pre 86, and almost every modern BBK is way down save for the super rare stuff.
Case in point, Dr. J PSA9 RC peak 57k, last two sold under 20K. I follow hockey. Gretzky, Lemieux, Yzerman RC's all way off highs. Lemieux RC is a key card, top 10-20 in the hobby and is more then 50% off highs.
Broadly the market is getting crumpled, even if some segments and highly desirable cards are trading well. And IMO we have only started, based on the fact most don't seem to understand what is going on.....broadly.
And FWIW, I'm not a card investor so I'm neutral on this stuff. If anything I see this as highly positive, I don't want my hobby to be a speculators paradise. But it feels like 1990 to me, things will likely get much worse (or better depending on your perspective) from here on as trillions evaporates from financial markets.