Crazy escalation in card prices, or is it just me?

bobbyw8469 · #1 07-03-2020, 07:25 AM

I think more people are entering the hobby. There is no other explanation for the crazy spike in such a short period of time. This is different than the "buying group".

Dpeck100 · #2 07-03-2020, 07:48 AM

Quote:

Originally Posted by bobbyw8469

I think more people are entering the hobby. There is no other explanation for the crazy spike in such a short period of time. This is different than the "buying group".

There are so many people coming in it is crazy.

Last year I started posting my wrestling cards on Twitter. I get direct messages all of the time from new collectors looking for advice or just asking general questions. In the comment sections you see so many people saying I want in.

All one needs to do is follow Gary V and read the comments on his tweets and all of this makes sense.

Everyday when I check completed sales I am just floored watching what were $20 cards sell for $60 or $40 cards go for $100. It is all over the place.

I get the feeling that many in the hobby do not do this but I check completed sales multiple times a day. Every day and one would have to be blind not see the incredible move higher across the hobby.

It isn't going to stop anytime soon. I know you like me sub to PSA and probably got the email that showed how much their submission volume went up in the past few months. The hobby has never been stronger during the time I have been collecting and submitting cards.

Unopened, graded, raw, autographs, non sport, soccer, basketball, 80's baseball, wrestling, boxing you name it prices are on the move.

rjackson44 · #3 07-03-2020, 08:27 AM

This is terrific

sportscardpete · #4 07-03-2020, 08:28 AM

This feels like 06-07 when everyone was going crazy over caramel cards. I do think, however, that you�re seeing people come into the hobby who are now accepting cards as a form of alternative asset. It is part euphoria and also part structural. I do think it�s a good sign that you�re seeing people flock to the hobby but in any asset class super inflated prices over a short period of time are never a good thing!

obcmac · #5 07-03-2020, 08:34 AM

It seems like a very weird flip...a guy with 18 feedback buying what should be your Baker. Sounds like someone knows you pay a premium and maybe also wanted to hide who he was with an alternate ebay ID. Conspiracy theories abound. I would suspect a nefarious flipper from the net54 collective.

I do wonder what the approved level of markup is...as everybody seems to complain about it. I don't believe one auction result sets the price. Sometimes being at the right place at the right time means you get to make more than 20% even in the short term.

Mac

ullmandds · #6 07-03-2020, 08:46 AM

I agree that prices are insane these days...but this is likely a situation where someone is hoping to make a profit off your niche!

ullmandds · #7 07-03-2020, 08:48 AM

BIN=Buy it NEVER?

Fuddjcal · #8 07-03-2020, 09:20 AM

Quote:

Originally Posted by obcmac

It seems like a very weird flip...a guy with 18 feedback buying what should be your Baker. Sounds like someone knows you pay a premium and maybe also wanted to hide who he was with an alternate ebay ID. Conspiracy theories abound. I would suspect a nefarious flipper from the net54 collective.

I do wonder what the approved level of markup is...as everybody seems to complain about it. I don't believe one auction result sets the price. Sometimes being at the right place at the right time means you get to make more than 20% even in the short term.

Mac

I believe every seller buys a card for whatever price it is, and then lists it for double. Eventually, the price gets there or close. They wait if they have to.

Even though I live in CA, I made a killing in Texas 15-20 years ago doing this with land. Buy the land, put a for sale sign up for double. Some lots sold right away, others took a year or so but everything always sold....just like cards. Double UP fellas!!!!!!!!!!!!!!

bobbyw8469 · #9 07-03-2020, 09:31 AM

Not necessarily true. It's a supply and demand kind of thing. You can ask $200 all you want for your 1969 Roberto Clemente PSA 4. When 99 other sellers have the exact same card in the exact same grade for $40, I doubt very seriously yours will sell.

Fuddjcal · #10 07-03-2020, 10:34 AM

Quote:

Originally Posted by bobbyw8469

Not necessarily true. It's a supply and demand kind of thing. You can ask $200 all you want for your 1969 Roberto Clemente PSA 4. When 99 other sellers have the exact same card in the exact same grade for $40, I doubt very seriously yours will sell.

agreed, kinda like Deans Cards sit forever using the double up strategy

Eric72 · #11 07-03-2020, 02:08 PM

Quote:

Originally Posted by Fuddjcal

agreed, kinda like Deans Cards sit forever using the double up strategy

With the recent run-up in prices, the market on some cards might actually catch up to Dean's.

Exhibitman · #12 07-03-2020, 02:08 PM

What's the old saw, never wrong only early? I sold some significant cards from my collection a few years ago for what I thought was an outrageous price. Now it would be market...

Seven · #13 07-03-2020, 03:26 PM

Quote:

Originally Posted by Fuddjcal

agreed, kinda like Deans Cards sit forever using the double up strategy

I will say one thing about Deans, they know their market. They have a few cards which are notorious for being difficult to find, so they can afford to list them high because someone will come along and pay their price.

In general though I feel vintage has been going up and up because people have nothing better to do. I'm hoping a couple of cards in particular that I'm targeting come down in value around the end of the summer or worst case scenario when the National occurs in December.

Bobbycee · #14 07-03-2020, 03:56 PM

Quote:

Originally Posted by Fuddjcal

agreed, kinda like Deans Cards sit forever using the double up strategy

JLS Cards out of Alaska is even worse than Dean's Cards. JLS overinflates his cards & keeps relisting them every day on eBay when they don't sell. Clogs up the site in the process when you want to see 'new listings'. He makes Dean's prices look cheap.

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