REA bids - health of the hobby

[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.

[sjim8660]

Originally Posted by 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.

Tell me about it. I remember 10 years ago not wanting to buy a PSA 10 Elway RC because it was "too much" lol. Now they are what $5-$6K a pop lol. Same can be said for the obvious 52' Mantle that is going into uncharted water in terms of price. A PSA 10 52' Mantle is being rumored at $2 Mil. The fact is, its more fun to invest in vintage cards than buying stock or even gold and right now its more profitable lol.

[uniship]

honestly with the way things have been going - I bet that card would sell for even more - perhaps MUCH more - than $2m

[T206Collector]

It is hard to ignore the market, but every once in awhile it gives me nausea to consider the irrationality of a market for little pieces of cardboard with baseball players on them that carry little to no value in any other part of the world, and are not directly correlated to any form of universal currency like gold. It's like art, I guess, and I seem to calm down more when I think of it as so. Picasso may be hot today, but maybe in 50 years people will think he is crap - another totally irrational market.

[goudey1933]

I'm just throwing this scenario out there....PSA goes out of business....what would happen?I know there not but lets pretend.
Scott

[glchen]

Originally Posted by goudey1933

I'm just throwing this scenario out there....PSA goes out of business....what would happen?I know there not but lets pretend.
Scott

Discussed before here: Link

[4815162342]

Originally Posted by T206Collector

It is hard to ignore the market, but every once in awhile it gives me nausea to consider the irrationality of a market for little pieces of cardboard with baseball players on them that carry little to no value in any other part of the world, and are not directly correlated to any form of universal currency like gold. It's like art, I guess, and I seem to calm down more when I think of it as so. Picasso may be hot today, but maybe in 50 years people will think he is crap - another totally irrational market.

If the card market crashes, it'll just mean I can buy more cards.

[bobfreedman]

Retracted

[pokerplyr80]

Originally Posted by bobfreedman

i know of two recent transactions for a PSA 9 Mantle, one was for $3 million and the other for $3.75 million

I hadn't heard about the 3.75m sale. I guess 5 or 6 would be on the low side of an estimate for a 10 today then. If people with that kind of money are investing in cards the recent run up we've seen could just be the beginning.

[pokerplyr80]

Originally Posted by uniship

honestly with the way things have been going - I bet that card would sell for even more - perhaps MUCH more - than $2m

You're right about that. A 9 would sell for more than 2 mil right now. A 10 who knows? I would guess 5 or 6.

[kailes2872]

Originally Posted by pokerplyr80

You're right about that. A 9 would sell for more than 2 mil right now. A 10 who knows? I would guess 5 or 6.

So is the PSA 10 #311 the most valuable card in Ken Kendrick's collection on the trimmed T206 Wagner?

[pokerplyr80]

Originally Posted by kailes2872

So is the PSA 10 #311 the most valuable card in Ken Kendrick's collection on the trimmed T206 Wagner?

It would be interesting to find out. I think they would be pretty close right now. It doesn't sound like he will ever sell either but maybe some day. It wouldn't surprise me if some private collector with a lot of money offered 10m for either of those cards privately.

[glchen]

I thought Kendrick owned two of the PSA 10 1952 Topps #311 Mantles...