How do you see the market 10yrs from now

[irv]

Originally Posted by Beastmode

The Mays sold for $235K, about $100k under the average. This same card/same cert, was bought on Heritage for $382K seven months ago. Ouch, someone took it on the chin here. Although at Heritage it's entirely legal to shill and retract bids, so I would personally never use their sales data.

In full disclosure, I love this card. Possibly my favorite card of all time, with his '53 a close second.

Without making it to your, "About seven months ago" part, I was thinking, I bet this card sold last summer.

Hopefully the $147,000, that the previous owner lost, is like pocket change to him?
I was thinking and wondering how the $80,000 Koufax, that sold last year was doing, then I found a PSA 9 that sold at Heritage for $215,000 with the BP. Never heard about that one? I believe there are now 3 PSA 10's on the market, but maybe that number has already changed?

[Jdoggs]

Originally Posted by irv

Without making it to your, "About seven months ago" part, I was thinking, I bet this card sold last summer.

Hopefully the $147,000, that the previous owner lost, is like pocket change to him?
I was thinking and wondering how the $80,000 Koufax, that sold last year was doing, then I found a PSA 9 that sold at Heritage for $215,000 with the BP. Never heard about that one? I believe there are now 3 PSA 10's on the market, but maybe that number has already changed?

PSA 8 Koufax rookies are now selling for around $10k each.

[Johnny630]

This recent sale of the 52 PSA 9 Mays for the 100k+ loss is a signal to me that the big investors might slow their short term, less then 1 year, exposure for 9's. Idk this is interesting and educational to watch for sure :-)

[buymycards]

I may be wrong, but I would think that the vast majority of the members of Net54 don't give a hoot about "The Market". We collect cards, maybe sell a few cards, and we are very happy with our lower grade collections. We enjoy the chase, and we collect cards that are meaningful to us. I think most of us sell our excess cards so we can use the money to buy more cards for our personal collections. As far as what a 52 PSA 3 Mantle will be worth 10 years down the road - I don't care.

Rick

[JustinD]

Originally Posted by buymycards

I may be wrong, but I would think that the vast majority of the members of Net54 don't give a hoot about "The Market".

Rick

This is how I feel.

In my personal opinion, if you are in sports cards for an investment...you are a poor investor. Yes, the market has shown it can be manipulated by the unsavory as it is small. I don't believe this will go unnoticed by the government much longer due to the current cash flow some of those involved are tossing around.

In 10 years I only see the same ups and downs we see today and the values will be fairly steady as a whole. The long, long term...only downhill as collectors age and pass away. Does this affect my collecting? Not at all as it is a hobby, not my retirement planning.