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#4
01-31-2021, 12:34 PM
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I think a lot, but not all of it - is pandemic boredom and some FOMO creeping in when people look at what Ruth, Cobb, and other popular prewar cards have done in the past two years or so. The postwar HOF key cards and marquee rookies are in the same boat.
I would not expect the bubble to last forever, but some cards will probably not dramatically lose steam even if it doesn't. I don't think multiple rounds of government checks and sports gamblers having to stay home for so long have helped us at all in the past year, however.
__________________
Postwar stars & HOF'ers. Currently working on 1956, '63 and '72 Topps complete sets. Last edited by jchcollins; 01-31-2021 at 12:35 PM. 
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#5
02-01-2021, 10:58 AM
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Yes.
The cards you cited were undervalued. They are now part of a bubble. When it pops it will drop some but I don't think back to where it was. A 1952 Mays PSA 3 vg, for example, was a $800-$1200 card for years until it started up. It is now over $3K and likely to go up more before it pops. Will it drop back to $800? Doubtful. That hasn't been the pattern for greatly appreciated cards over the decades. They go up and come down some. Assuming, of course, that the world doesn't turn to shit on us all at once.
__________________
Read my blog; it will make all your dreams come true. https://adamstevenwarshaw.substack.com/ Or not... Last edited by Exhibitman; 02-01-2021 at 10:59 AM.
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#6
02-01-2021, 02:15 PM
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There are a number of factors in play
1) Finite supply of vintage cards
2) HUGE increase in demand for 2 primary reasons including Sports cards and memorabilia being recognized as a legitimate "investment" and the "covid effect" - many people rediscovering collecting and getting back in the market. 3) Lots of money sloshing around the economy courtesy of the stimulus. Only if we see a significant drop in demand (which I am not so sure is coming) would there be downward pressure on prices. The 1952 Topps Mantle is a great example - you can go and buy one any day of the week - the supply exists. The price has continued to go up in response to demand - think for a minute about the fact that a PSA 9 just sold for 5.2 MILLION dollars! If the Mantle is the yardstick - what are the rest of the significant 52's worth? Or many other vintage cards? An anecdotal observation - It seems to me there are a lot fewer higher grade 7-10 cards coming to market. I think about this in a context of old muscle cars - I used to be able to go to a car show and see rows and rows of incredible cars including some of the most rare. It seems these days most of these cars have been gobbled up and sit in private collections for years. Another thought I have is the prices relative to other collected categories - How much does a great or rare painting sell for? Previously mentioned cars? Coins? Art other than paintings? Jewelry? In that context Sports cards and memorabilia are in their financial infancy. One way or another, things are going to stay interesting....... Collect what you enjoy and you'll rarely be sorry.
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#7
02-01-2021, 02:59 PM
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Quote:
I believe it was Carol Shelby's Cobra that sold for 5.3-5 million. I also believe that was a new record?
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52 Topps cards. https://www.flickr.com/photos/144160280@N05/ http://www.net54baseball.com/album.php?albumid=922
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#8
02-01-2021, 03:05 PM
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Quote:
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Hybrid Mode
