Will this stock market madness affect cards?

[samosa4u]

Originally Posted by Dpeck100

Whether one likes Gary Vee or doesn't he signaled last year that the sneaker heads were going to take their fast cash and bring it to cards and they did and basketball cards have exploded.

I'm not sure I agree with this. Like you said, every area in the hobby is really hot right now. Your PSA 9 Hogan was under a hundred bucks at one time and now it's going for about five grand, right? I have also shipped so many vintage hockey cards to America. Americans want the rookies of Bobby Hull, Bobby Orr, Gordie Howe, etc. I think what happened is that baseball cards became so expensive, so collectors started putting their money into other sports.

Nice to see you posting, btw.

[Dpeck100]

Originally Posted by samosa4u

I'm not sure I agree with this. Like you said, every area in the hobby is really hot right now. Your PSA 9 Hogan was under a hundred bucks at one time and now it's going for about five grand, right? I have also shipped so many vintage hockey cards to America. Americans want the rookies of Bobby Hull, Bobby Orr, Gordie Howe, etc. I think what happened is that baseball cards became so expensive, so collectors started putting their money into other sports.

Nice to see you posting, btw.

I am not suggesting they are the sole cause for prices expanding. If I wasn't clear about this I apologize. What I am saying is the number market participants expanded and these sneaker heads are part of it. They are more speculators than collectors and you are seeing a lot of speculative activity.

I wasn't informed of this segment of collectibles but I have two clients with sons in college and it is all the rage. They are signing up for fresh released shoes on lists and then flipping them on Stock Ex for five times the price before they even own them. The fast money drives this crowd and obviously cards can exchange hands for more immediately.

My view is there is renewed interest in cards and it is spreading.

[samosa4u]

Originally Posted by Dpeck100

I am not suggesting they are the sole cause for prices expanding. If I wasn't clear about this I apologize. What I am saying is the number market participants expanded and these sneaker heads are part of it. They are more speculators than collectors and you are seeing a lot of speculative activity.

Alright, got you.

[Dpeck100]

Originally Posted by samosa4u

Alright, got you.

I think these same folks are what is fueling the rise because they aren't afraid of the downside because they are so used to winning on these shoes.

Many collectors will simply pass on something once it was risen in their view too much. Wait for a dip.

These are momentum investors willing to buy because the price is expanding.

[Fred]

Honestly, I hope EVERYTHING takes a huge dump in price and the card hobby (not business) sees an overdue correction. Wouldn't it be nice to collect what you like without worrying about what a card market downturn will do to your collections value? Holy crap, it's only frigging card board... someone should start a thread called "when it was a hobby".

[Leon]

Nowadays if you wait a day or two the stock market will change quite a bit. I think it does affect prices somewhat.

[iwantitiwinit]

Yes it will.

[LincolnVT]

If you have money to invest, I feel that high end real property (cards / memorabilia / gold / silver) is currently a better investment than the market.