REA bids - health of the hobby

[BobbyVCP]

Glad I only collect values because prices are just going up. Last night someone shelled out $65K for a Koufax rookie PSA 8.5, that's insane.

[pokerplyr80]

Originally Posted by BobbyVCP

Glad I only collect values because prices are just going up. Last night someone shelled out $65K for a Koufax rookie PSA 8.5, that's insane.

Thats crazy. It wasn't that long ago that I remember 8s sitting on ebay at 4k and 9s at 20k.

[BobbyVCP]

Originally Posted by pokerplyr80

Thats crazy. It wasn't that long ago that I remember 8s sitting on ebay at 4k and 9s at 20k.

The seller bought the cards about 3 years prior for 6K and sold it for a very nice profit.

[William Todd]

Its bubble city...

[pokerplyr80]

Originally Posted by BobbyVCP

The seller bought the cards about 3 years prior for 6K and sold it for a very nice profit.

An awesome return obviously. Anyone who bought big cards PSA 8 and up more than two years ago did very well. Whether this is a bubble or just the new norm remains to be seen. My money is on the latter. There are only so many of these cards to go around and plenty of new guys in the market who want them.

[Republicaninmass]

Originally Posted by BobbyVCP

Glad I only collect values because prices are just going up. Last night someone shilled out $65K for a Koufax rookie PSA 8.5, that's insane.

Fixed

[sjim8660]

Anyone have any ideas as to where that 14' CJ Joe Jackson will end? They don't surface a lot even though the grade is low seems to be going pretty strong. Any chance it breaks $20K (not counting buyers premium)?

[Joshwesley]

When you guys say it mention "bubble" you don't mean this pre-war stuff is going to peak at all time high prices and then end up like my 80's-90's collection, right?

I would assume the shear lack of numbers of these pre-war cards (comparatively speaking) would keep that from happening?


Thanks

[Pilot172000]

What percent is the buyers premium? I have an eye on some of the Hindu Browns but don't want to spend too much.

[kickitup]

Prices for the rarest and the best have only begun to rise.

Invest in quality for the grade and don't leverage yourself and you will do fine long term. You only get burned when you 'have to' sell.

Cracker jacks will likely go next, after goudeys take off. Then my hunch is t206 cards rocket ship. There aren't enough good cards to go around.

Plus..... The biggest factor causing the rise in prices is PSA's grading standards have changed. People bitch and complain about how hard it is to get a bump now, but their new strict policies are exactly what has caused the hobby prices to sky rocket. Supply is perceived to be capped now with increasing demand.

I like being long cards with those fundamentals.

Kick it up!

[uniship]

For the past 35 years I have been wondering when cards will come back to earth. They just keep doing well for the most part. It seems now cards might be going "mainstream" to outside investors. If this is indeed true, fasten your seatbelts - we may one day long to be able to buy at 2015 prices.

Then again who the hell knows.

[AGuinness]

Originally Posted by kickitup

Plus..... The biggest factor causing the rise in prices is PSA's grading standards have changed. People bitch and complain about how hard it is to get a bump now, but their new strict policies are exactly what has caused the hobby prices to sky rocket. Supply is perceived to be capped now with increasing demand.

I like being long cards with those fundamentals.

Kick it up!

Isn't this shift in PSA standards fairly recent? I can't see that as the biggest factor in rising prices, because as others have noted elsewhere, prices have been rising fast for many years - even 10 or 15 years.

I wonder if the shift in PSA standards could potentially create a split market, where cards with new flips (graded with new standards) are basically in a different ballpark than old flips, which would make their grade unreliable (although perhaps not entirely irrelevant).

This is more of an open question in my mind...