For the first time ever, I am seeing videos on YouTube that show guys in their early-twenties slapping down $75 - $100,000 US at card shows. Like where the f**k are they getting that kind of money from? Oh yeah, from flipping cards - where else? They think they can keep doing it until they have enough to buy a seaside mansion.
One guy even commented how a Kobe Bryant rookie at $5,000 US was a good buy since he was getting inducted into the HOF. Folks, this was like a $700 US card before the pandemic started. How the f**k is that a good buy?
I think the future prices will largely depend on how many of these "investors" leave the hobby once society returns to normal. Another thing we have to look at is the length of time it takes for this to happen. For example, will half of these guys be gone by 2025? More than half? How many will stay in the hobby for the next ten or so years? Of course, nobody knows this.
Oh, and here is a card:
