Will this stock market madness affect cards?

[buymycards]

3.2 million NEW unemployment claims this week.

As far as cards go, I sell low end cards in my eBay store. January and February were my best months ever. Even with the first week of March being really good for sales, so far in March my sales are down 55%. With 1200 items for sale, mostly BIN's with best offers, I went 2 full days without selling anything. Didn't even get any offers.

I don't care one bit about the $35,000 PSA 10 Kobe Bryant market. But, for the most part, the types of people that buy my low end cards are the ones who have lost their jobs and it is affecting my sales. Many people are scared and they are hanging on to their money.

[MULLINS5]

The market and hobby run on the lower end and ungraded cards. It's not detected by PWCC numbers or SMR, but rather a pulse and common sense. High sales of low pop high grade or trending players does not indicate a strong trading card market for several reasons, but one of the main ones is that the sample size is too small and open to fraudulent sales data.

It's true that one of these "monster" grades (PSA 9 or 10 Gretzky OPC RC, for example) can help bump lower PSA grade values - even if the data is fraudulent.

There are almost 6,200 PSA grades for this card and only 90 are PSA 9 or 10.

That's about 1.5% of all the other grades and can easily be controlled and manipulated by auction houses as we've seen in texts like "bid xxx amount I promise you will not win" - the data simply cannot be trusted. The lower graded cards reflect a more accurate picture because it is much more difficult to manipulate the other 6,000+ cards within the market.

I bought a PSA 4 Gretzky OPC RC the other night for $600 USD ($520 after eBay Bucks offer and a $50 coupon code). I would NOT have bought this card if it were not for the offers and I feel like it was a fair deal.

Other Gretzky cards are sitting and not performing well at the moment. Too many BIN with high prices. Market is flooding. People are selling, and prices will go down to more realistic "fair" prices.

[Fuddjcal]

Originally Posted by buymycards

3.2 million NEW unemployment claims this week.

As far as cards go, I sell low end cards in my eBay store. January and February were my best months ever. Even with the first week of March being really good for sales, so far in March my sales are down 55%. With 1200 items for sale, mostly BIN's with best offers, I went 2 full days without selling anything. Didn't even get any offers.

I don't care one bit about the $35,000 PSA 10 Kobe Bryant market. But, for the most part, the types of people that buy my low end cards are the ones who have lost their jobs and it is affecting my sales. Many people are scared and they are hanging on to their money.

The dopey buyers are broke and out of work already. I'm shocked.

[CobbSpikedMe]

Originally Posted by Fuddjcal

The dopey buyers are broke and out of work already. I'm shocked.

So people who have smaller budgets and can't afford to drop 5 figures on a card are "dopey" now? Nice to know Chuck.