Money in the Hobby

[Snapolit1]

Originally Posted by packs

Over the next 20 to 30 years I think there will be a HUGE drop in prices for cards. When boomers die out and new buyers are scarce, you'll see lifetime collections go for a fraction of what they would today.

No offense, but I'm certain people were saying the exact same thing in 1975.

Has the market collapsed for George Washington signed documents?

Has the market collapsed for rare hot rods from the 1950s?

Has the mark collapsed for vases from the Ming Dynasty?

No. Not saying every card will hold its value. That's not true for anything.

When I was growing up a few dads collected stamps and coins. Yes, the run of the mill stuff has not appreciated. The rare stuff has. And believe me people are more emotionally invested in baseball cards than airmail stamps.

[barrysloate]

Originally Posted by Snapolit1

No offense, but I'm certain people were saying the exact same thing in 1975.

Has the market collapsed for George Washington signed documents?

Has the market collapsed for rare hot rods from the 1950s?

Has the mark collapsed for vases from the Ming Dynasty?

No. Not saying every card will hold its value. That's not true for anything.

When I was growing up a few dads collected stamps and coins. Yes, the run of the mill stuff has not appreciated. The rare stuff has. And believe me people are more emotionally invested in baseball cards than airmail stamps.

The market for antique furniture has pretty much collapsed. Anyone I know who were collectors or dealers for a long period of time say the same exact thing- the antique market is dead. Not everything goes up forever.

[Leon]

Originally Posted by barrysloate

The market for antique furniture has pretty much collapsed. Anyone I know who were collectors or dealers for a long period of time say the same exact thing- the antique market is dead. Not everything goes up forever.

I bought a really nice Coca Cola tray, from 1921, around 17 yrs ago. I think I paid $800 for it as it's in great condition. Then the internet hit them, and exposed their lack of scarcity, and they go for around $350 now. Sure glad I didn't go big on them at the time. Not everything goes up but I am bullish on great vintage baseball cards.

.

[ls7plus]

Originally Posted by barrysloate

The market for antique furniture has pretty much collapsed. Anyone I know who were collectors or dealers for a long period of time say the same exact thing- the antique market is dead. Not everything goes up forever.

Boy, someone should tell that to "American Pickers" and possibly "Pawnstars" too--they certainly don't seem to be aware of it.

Hi, Barry!

Larry

[barrysloate]

Originally Posted by ls7plus

Boy, someone should tell that to "American Pickers" and possibly "Pawnstars" too--they certainly don't seem to be aware of it.

Hi, Barry!

Larry

Hi Larry,
Every so often Antiques Roadshow airs an episode taped 10-15 years ago, and after the expert estimates the value, they will show you what that same piece is worth today. Only rarely is something worth more, and the vast majority of the pieces will have lost 25-50% of their value. Also, any antique collector I have spoken with has the same pessimistic response: the market is dead. I'm sure you can always find someone who feels otherwise.