Outed cards, now including a 130K gain on an Aaron rookie

[Johnny630]

Originally Posted by japhi

Other asset classes have grown substantially. Markets are flush with cash. SP 500 for instance is up 28% this year alone. Dow has almost doubled in the past 3 years. I think the stagnation has a lot to do with price manipulation and FOMO
but that, to me anyways, reinforces how small the card market is. I think this fraud will have an impact - it won’t take many big buyers to pull back to have an impact. That, plus demographics plus the fact we are at the peak of an incredible debt fueled asset bubble don’t make me confident in long term card values.

I AGREE with Everything you have said above, except I do not consider graded cards a asset class. THE GRADED CARD MARKET HAS BEEN SEVERELY FALSELY MANIPULATED SINCE LATE 2013.......
It's way to top heavy for me to ever consider investing in.......Long Term I think Levels Go Back to Pre. 2013 Levels.

[ullmandds]

Originally Posted by Johnny630

I AGREE with Everything you have said above, except I do not consider graded cards a asset class. HE GRADED CARD MARKET HAS BEEN SEVERELY FALSELY MANIPULATED SINCE LATE 2013.......
It's way to top heavy for me to ever consider investing in.......Long Term I think Levels Go Back to Pre. 2013 Levels.

i agree baseball cards are not an "asset class" atleast not to me! I can certainly see a "correction" with many cards...50's-70's high grade rookies...some T206...green cobbs...possibly goudey ruth's but I see desirable vintage blue chip doing just fine as the supply is low and the demand high.

[japhi]

I don’t count my collection against my net worth so I agree with you guys. But I’ve always suspected that there are a significant number of collectors that have cards as a large percentage of their net worth. I think this is a big part of the reason most collectors want this altered cards thing to go away.

Lets be real, this isn’t a hobby for kids anymore. You can’t even find cards for sale where I live. A small number of large volume collectors are driving price increases on vintage. Hard to see how it can last when most collectors are in their 60s. Anecdotal but everyone I know has money in RE, most own financial
assets, some have non trad investments like art or cars and literally no one collects sports cards. I have a huge network and don’t know one person outside of online communities that collects cards anymore. We all did as kids and
i’m the only guy that came back into it. Our hobby is incredibly small and top heavy.

[steve B]

Historically most hobbies are a bit flat when the stock market is doing well.