LOTG Auction

[oldjudge]

The results in this auction will be another test of the current strength of the hobby. There have been unprecedented dollars spent in the February Heritage auction, REA, Memory Lane, and Weiss. There is another big Heritage auction ending shortly. A big last few days for LOTG should eliminate all questions about how strong the hobby is today.

[Snapolit1]

Originally Posted by oldjudge

The results in this auction will be another test of the current strength of the hobby. There have been unprecedented dollars spent in the February Heritage auction, REA, Memory Lane, and Weiss. There is another big Heritage auction ending shortly. A big last few days for LOTG should eliminate all questions about how strong the hobby is today.

I really don't know what the strength of the hobby is. Sure there are some amazing items shattering records. Like Cobb postcards. But what's going on with the nice, not museum worthy stuff? Not so clear to me. Take nice 48 Leafs as an example. Are prices flying upwards? How about nice Goudeys that aren't named Ruth and Gehrig and aren't PSA 8s. Are they appreciating decently? Not so clear to me. Maybe we are looking at a few of our neighbors driving Benz's and Teslas and hypothesizing that the car industry is kicking ass.

[Lorewalker]

Originally Posted by Snapolit1

I really don't know what the strength of the hobby is. Sure there are some amazing items shattering records. Like Cobb postcards. But what's going on with the nice, not museum worthy stuff? Not so clear to me. Take nice 48 Leafs as an example. Are prices flying upwards? How about nice Goudeys that aren't named Ruth and Gehrig and aren't PSA 8s. Are they appreciating decently? Not so clear to me. Maybe we are looking at a few of our neighbors driving Benz's and Teslas and hypothesizing that the car industry is kicking ass.

This is exactly correct. It is clear some names and issues are very strong but I am not sure I would therefore make a blanket statement that the hobby is strong. I really don't feel it is because there are far more cards or issues that seem very flat with prices largely unchanged. A strong market is when all or most things across the board are up and I am just not seeing that right now.

[Peter_Spaeth]

Originally Posted by Lorewalker

This is exactly correct. It is clear some names and issues are very strong but I am not sure I would therefore make a blanket statement that the hobby is strong. I really don't feel it is because there are far more cards or issues that seem very flat with prices largely unchanged. A strong market is when all or most things across the board are up and I am just not seeing that right now.

Doesn't PWCC have some tool or program that supposedly tracks a broad cross-section of cards?