Card prices skyrocketing

joshuanip · #1 02-20-2021, 11:54 AM

Quote:

Originally Posted by Johnny630

I agree on many aspects pointed out about, pretty much all except I don�t believe key vintage high end cards will not pull back that much Ext+-Nrmt Cobbb, Ruth, Jackie, Mantle, Aaron, and Mays.

I have two or three cards moving up like a Gamestop stock....unfortunately I'm a HODL, and I can care less (thank God).....

Before you sell your cards. Here is a 2020 article for perspective. He was right, those goudey Ruths shot right through those rising price points. You held this long, why sell now - you can�t time the markets but the momo definitely goes longer than we expect... dang too bad I only have one goudey Ruth below.

https://prewarcards.com/2020/03/07/b...ut-of-control/

Republicaninmass · #2 02-20-2021, 12:45 PM

Quote:

Originally Posted by joshuanip

I have two or three cards moving up like a Gamestop stock....unfortunately I'm a HODL, and I can care less (thank God).....

At some point, mine will be SODL!

ajjohnsonsoxfan · #3 02-20-2021, 03:55 PM

Joshua that Ruth is mouth watering. That's a keeper for life

joshuanip · #4 02-20-2021, 10:47 PM

Quote:

Originally Posted by ajjohnsonsoxfan

Joshua that Ruth is mouth watering. That's a keeper for life

Thanks. Probably will be a keeper for life. Do you still have that 4 goudey Ruth mini set? That was a nice quality set of all 4 goudey Ruth�s!

And I remember that crackerjack box as well. That was a treat to hold in person! Thx.

cardsagain74 · #5 02-20-2021, 04:00 PM

These points of view never cease to amaze me:

- "I don't care if the value of my assets drop"

- "The gains are only on paper"

Something's liquid worth is what matters, regardless of whether or not it's "on paper". It doesn't matter what you paid (except for tax purposes).

And as far as hoping that your cards will lose a lot of their value.....I get if someone wants to focus on just collecting, but there's so much more to a market collapsing other than "being able to buy more of what you want".

Dealers' livelihoods are harmed. People will have less of an estate to leave to their heirs. Or some may hope to liquidate some of their collection to make their retirement better.

There's a lot more to it than flippers losing their ass and exiting the market

Tyruscobb · #6 02-20-2021, 04:25 PM

Quote:

Originally Posted by cardsagain74

These points of view never cease to amaze me:

- "I don't care if the value of my assets drop"

- "The gains are only on paper"

Something's liquid worth is what matters, regardless of whether or not it's "on paper". It doesn't matter what you paid (except for tax purposes).

And as far as hoping that your cards will lose a lot of their value.....I get if someone wants to focus on just collecting, but there's so much more to a market collapsing other than "being able to buy more of what you want".

Dealers' livelihoods are harmed. People will have less of an estate to leave to their heirs. Or some may hope to liquidate some of their collection to make their retirement better.

There's a lot more to it than flippers losing their ass and exiting the market

My views are just that - mine. I�m a baseball card collector; not a flipper, speculator, or investor. I intend to die with every card that I purchase and couldn�t care less if they all went to $0.00. I would still enjoy owning them and looking at them.

I do not view them as asserts. I only purchase cards with money I am willing to part ways with and never recover. If others do not do the same that is their business and problem.

As far as a collapse, all I want is for prices to return to pre-COVID, normal levels. I guess you�ve never shorted a stock? If you have, you do realize you are rooting for the stock to crater, which affects other people�s life�s and potentially everything you mentioned, right?

Exhibitman · #7 02-20-2021, 05:08 PM

If the idea of a pullback from the current sales prices is disconcerting then the answer is simple: sell it all. Take the profit and ride out the next downturn.

cardsagain74 · #8 02-20-2021, 05:40 PM

Quote:

Originally Posted by Tyruscobb

My views are just that - mine. I�m a baseball card collector; not a flipper, speculator, or investor. I intend to die with every card that I purchase and couldn�t care less if they all went to $0.00. I would still enjoy owning them and looking at them.

I do not view them as asserts. I only purchase cards with money I am willing to part ways with and never recover. If others do not do the same that is their business and problem.

As far as a collapse, all I want is for prices to return to pre-COVID, normal levels. I guess you�ve never shorted a stock? If you have, you do realize you are rooting for the stock to crater, which affects other people�s life�s and potentially everything you mentioned, right?

I know they're your views. If you choose not to place monetary value on your possessions that have it, that's totally up to you. Saying that it amazes me is not telling others what to do.

And yes, I would be aware of that if I shorted a stock. Have never had to consider that dilemma, because it's never been a part of my trading.

Republicaninmass · #9 02-21-2021, 06:04 AM

Quote:

Originally Posted by cardsagain74

I know they're your views. If you choose not to place monetary value on your possessions that have it, that's totally up to you. Saying that it amazes me is not telling others what to do.

And yes, I would be aware of that if I shorted a stock. Have never had to consider that dilemma, because it's never been a part of my trading.

Some guys bet "dont pass" at the craps table. Sure they're hated by the whole table, but the strategy is there for a reason. Looking toward the future, I'd have to say it would be a little depressing to me if cards went to 0, like a stock going to 0. Sure it's fun to say you owned it, and cards you can look at, but that money has been lost, for good. I cant imagine people's families would think "because it made you happy" it was ok to waste money on yourself, while taking time away from them, and it does sorting, looking, buying , regardless of how much wealth one may have.

For some people selling now would enable them to pay off their house, buy a house, diversify into other long term investments. I just cant see a place where it is hold forever, albeit the inevitable will happen along the way. My only question if I sold everything would be "what's next".

In short, I'd love to add a 52 mantle, but wont feel bad about not having one, more so at these prices. If there is some crash, I may revisit, but to me the price not justifiable. No FOMO here!

Rich Klein · #10 02-21-2021, 08:12 AM

Not just BB Cards that people are afraid are in a bubble.

https://www.bloomberg.com/news/artic...s?srnd=premium

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