Market gridlock

[ejharrington]

Originally Posted by Snapolit1

Seems to me that large parts of the market for cards and collectibles is just frozen. Stuck in the mud. Sellers looking at where we were not too long ago asking for well more than buyers are offering. eBay a museum platform in many ways as as often discussed. At auction, big headline stuff sells but lots underperform. A few recent auction I was counting all the lots they didn’t meet reserve. I’ve seen it both as a seller (even here) and a buyer. Hope there is some healthy adjustment or readjustment coming.

Reminds me of that old song, “there ain’t no good guy …. There ain’t no bad guy …. There’s just you and me and we just disagree ….”

For the stuff I collect, I've been no signs of the market slowing. Prices keep going up.

[Snowman]

Meanwhile, I tried to win a 1954 Topps Willie Mays SGC 5 last night on Heritage and dropped out after bidding it up to $2800 ("comps" are around $800). Pretty much all the cards I've been buying are still going for record highs.

[Directly]

Cant say this with some Farm land Prices. --yesterday offered 50% more than last offer-- In comparisons kind of like any desirable collectables including some baseball cards--not making anymore 1954 Topps , etc.

[jefferyepayne]

I can't count how many times I've heard a dealer say "I've got more into it than that" when I make an offer. This is even for cards with comps in the same range. I guess many who bought at the top of the market are just gonna sit tight and wait.

jeff

[brunswickreeves]

Sometimes ya gotta just take a down round to keep growing…

[Republicaninmass]

Originally Posted by jefferyepayne

I can't count how many times I've heard a dealer say "I've got more into it than that" when I make an offer. This is even for cards with comps in the same range. I guess many who bought at the top of the market are just gonna sit tight and wait.

jeff

They are actually dollar cost averaging. See 5-10 of the same overpriced low to molid grade HOF rcs sitting in the same case. Dealers are taking the Levi "707" approach, but won't have the political acumen to keep it up

[Hankphenom]

Originally Posted by jefferyepayne

I can't count how many times I've heard a dealer say "I've got more into it than that" when I make an offer. This is even for cards with comps in the same range. I guess many who bought at the top of the market are just gonna sit tight and wait. jeff

+1. In the spirit of Festivus, I can't wait for this lame excuse for an excuse to disappear from the hobby lexicon--as if it ever will! Nobody, and I mean NOBODY, cares what you (the dealer) have into it. If you overpaid, that's your problem, buddy.