Skyrocketing Card Values Lately - Theories?

[todeen]

There are plenty of economists that are discussing the white collar layoffs. Will they arrive? In my little corner of the world (WA state) government jobs are about to take a hit. Our county was already in trouble when the quarantine hit (i have nothing good to say about our county commissioners), so we now have a double whammy problem looking at loss of tax revenues.

Boeing has announced layoffs. This will reverberate across the entire state. They order aluminum from Spokane.

I don't follow other state economies closely, but my national union (NAT'L EDU ASSOC) believes 1.8 million education jobs are at risk across the USA. Lots of paras and classified staff will be negatively affected, as well as general staff at public and private colleges and universities. I got a very cryptic email about reduction in hours from my side job on Monday, telling me they will have more information on Thursday. I work at Whitman College library, which is a rather prestigious west coast school. I thank God every day I'm not low man on the totem pole at my public K-12 school in case a riff happens.

Tough times lay ahead for many people. White collar workers will face a reckoning eventually, and the bubble will burst for modern cards. And baseball is doing its part to ruin excitement as well.

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[Leon]

Prices on cards are up for all of the reasons mentioned. The Coronavirus has amplified that with even more people being online everyday. With unemployment being so high there are more people at home (surfing the net).

And where else are you going to put your money right now? Cards almost seem safe compared to the stock market. LOL

[tulsaboy]

I know that it low dollar compared to most of what previous posters have been discussing, but for a percentage gain, you should check out junk era unopened. Boxes like 1987 Topps, which for the longest time has been a $10 box, is selling quickly at $40. 1987 Donruss boxes, which were $25 boxes forever, are briskly selling in the $55-75 range. 1983 Topps, while not the junk range, is still more modern than this particular forum's focus. Boxes of 1983 Topps could easily be had for $250 at the National last summer. Right now, BBCE wrapped boxes are $750-1000. FASC even more. A lot of it is ridiculous, as the supply has not fundamentally changed and the desirability of these boxes has also not fundamentally changed. But I agree with a previous poster that the Corona checks, coupled with boredom, coupled with a lack of other avenues to spend "play money" like sporting events, movies, eating out, etc. has caused a momentary spike in prices. I think they come down in the next 3 months. Not back down to pre-Corona levels, but back down significantly.
kevin

[Exhibitman]

Everything seems to be selling well right now; good time to move all that bulk in the ol' collection.

[Directly]

Appears Mid-grade Ruth and Gehrig Goudey and T206 Cobbs are trending--if your assessment of a possible better grade on the Ruth shown, they got a good deal?

[todeen]

Originally Posted by Leon

And where else are you going to put your money right now? Cards almost seem safe compared to the stock market. LOL

As white collar workers lose their jobs (worst is expected in 2021), they will stop buying cards and do what has always been done before by stressed out individuals during a recession.... They will buy cigarettes and alcohol, and they will gamble. When people are stressed, they look for stress relief.

And retirees better hope the Senate does another stimulus package and give money to states and local entities. A lot of pensions could be stressed and shocked, just like Detroit in the last recession, then they had to file bankruptcy. A pension cut in half doesn't allow a lot of money to buy cards.

Of course the 24 rich individuals driving the boom will still be around to bid on cards.....

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[pawpawdiv9]

I really was 'aimed' at getting this card, even went higher than prices i seen, because it is one of the best looking 2's i seen. But i be baffled, i got outbid on it.
This has to be a new 'record' price for this. Personally i think it will get bumped out of its slab to a 2.5 or 3. Its that nice!!!

Ended last night at Baggers
https://www.baggersauctions.com/Auct...6&lotNumber=32

[pawpawdiv9]

I really was 'aimed' at getting this card, even went higher than prices i seen, because it is one of the best looking 2's i seen. But i be baffled, i got outbid on it. Sat as top bidder for the whole week.
This has to be a new 'record' price for this. Personally i think it will get bumped out of its slab to a 2.5 or 3. Its that nice!!!

Ended last night at Baggers bid 4150 (4772.50 BP)
https://www.baggersauctions.com/Auct...6&lotNumber=32