Bursting Bubble

[dio]

Every few days there's another bubble post. If you really afraid it's going to pop. Just sell everything and don't look back

[brianp-beme]

Sell those late 80's cards now folks while you can...the price drop when the bubble bursts will be sharp and long lasting.

Brian (Here's a mostly ignored fact. Topps stopped including bubble gum in their packs starting with their 1991 issue).

[Johnny630]

This is just th start....hold on

[sportscardpete]

People have been clamoring on this board since March that we were in a bubble. No one can predict!!

[Frank A]

What a lot of bologna. no one knows what's going to happen. personally I see more room for improvement, especially in pre war. With all the new stuff going nuts, it will raise pre war to a new level. Why is everyone constantly in panic. Only the picnickers can cause a crash.

[NATCARD]

Jan 30/31 Goldin auctions (2) PSA 10 1986 Fleer Jordan Cards sold for $720,000.
Feb 11 Goldin auction PSA 10 1986 Fleer Jordan Sold for $600,000
Feb 21 REA Auction PSA 10 1986 Fleer Jordan sold for $612,000
In 1 month the card has dropped about 15%. I understand it has gone up almost 1200% in 1 year but that is a definite correction. Jeff W

[rats60]

Originally Posted by NATCARD

Jan 30/31 Goldin auctions (2) PSA 10 1986 Fleer Jordan Cards sold for $720,000.
Feb 11 Goldin auction PSA 10 1986 Fleer Jordan Sold for $600,000
Feb 21 REA Auction PSA 10 1986 Fleer Jordan sold for $612,000
In 1 month the card has dropped about 15%. I understand it has gone up almost 1200% in 1 year but that is a definite correction. Jeff W

The highest sale before these was 211k. When a card jumps from 211k to 738k, sales of 600 and 612 is not a drop. In fact the day after the 2 738k sales Goldin reported 2 direct sales at 600. A drop would be sales over an extended period above 700 then sales around 600.

[pcoz]

A LOT more collectors, investors, and publicity in the hobby this past year. Also, a ton of liquidity in the marketplace as well chasing assets. I personally do not think it's a bubble, especially not in Prewar. There are one-off sales that may be an anomaly, like the Trout 1/1 for 4mm last year. But, there have been a consistent amount of modern cards selling for over 1mm. How can a Ruth RC sell for so little compared to all of these modern cards? I think Prewar is about to catch up real soon.

[SAllen2556]

The baseball strike in 1994-95 was a major cause of a price crash. Another work stoppage in baseball seems to be looming. It's tough to be a modern baseball card collector when everyone is pissed off at the "greedy" players and owners. If I collected modern cards I'd be worried about another work stoppage in baseball - just based off of history.

[Snapolit1]

Originally Posted by sportscardpete

People have been clamoring on this board since March that we were in a bubble. No one can predict!!

People have been clamoring since the day I joined the board that we are in a dangerous bubble.

[Jersey City Giants]

Originally Posted by sportscardpete

People have been clamoring on this board since March that we were in a bubble. No one can predict!!

March 2019

[mechanicalman]

Originally Posted by Johnny630

This is just th start....hold on

Originally Posted by Johnny630

I’m 100% serious, take this profit now ��

LOL - in case anyone thought it was good to take advice from random dudes on baseball card chatboards.

[joshuanip]

Originally Posted by mechanicalman

LOL - in case anyone thought it was good to take advice from random dudes on baseball card chatboards.

I love it, there’s no accountability. Just honest thoughts!

Personally, I say use this time to position your collection like you would position your portfolio. Don’t sell your marquee cards - we can’t time the market and may run and never come back, but the other stuff that rounds out your collection, unless ultra rare, will still be around. Use this liquidity to focus, build a war chest, and be opportunistic once supply returns...

[JohnnyKilroy]

Originally Posted by dio

Every few days there's another bubble post. If you really afraid it's going to pop. Just sell everything and don't look back

That’s usually an indicator. Same with news articles being posted about the card industry booming (which we’re starting to see more of). Obviously, like already stated, there’s no way to predict. Keep in mind, the more people that enter a market, the quicker it crashes when the time comes. However, there still could be tons of room to go as others have also stated. Which is why you see lots of back and forth.

If the bubble questions are starting to be asked.. it typically means that those asking are considering selling.. remember J.P. Morgan was famous for saying he made a fortune getting out too soon.