Bursting Bubble

Chicosbailbonds · #1 03-01-2021, 03:52 AM

I would think it will remain strong thru the next round of $1400 stimilus checks, then watch out.

bbcard1 · #2 03-01-2021, 07:44 AM

I think a lot of the big money that came into it has taken those cards out of circulation for the longterm. There are warehouses full of art no one will ever see. I actually think people began seeing baseball cards like art.

While I think things will level off, I don't think there's going to be a bubble pop unless there is a baseball work stoppage. People don't care what basketball and football players do...the fan base is enthusiastic but their view of history is short term. Baseball fans take every labor issue and new record contract as a personal affront and start whining about how they will never be able to afford to go to a game again. Fact of the matter is that during the 2020 season you could get often get tickets for less than the price of a movie in many markets so long as you were not wanting weekend tickets or to see one of the super popular teams (Yankees, Red Sox, etc.).

Personally I never worry about the business side of baseball. For those who gave up on it in 95 or 96, I'm sorry you felt that way but you missed some amazing players.

The Nasty Nati · #3 03-01-2021, 08:28 PM

Quote:

Originally Posted by Chicosbailbonds

I would think it will remain strong thru the next round of $1400 stimilus checks, then watch out.

I think the stimulus checks are barely making any difference with the way the card market is going.

It mostly has to do with people who don't qualify for stimulus checks having nothing to spend their disposable money on.

egri · #4 03-03-2021, 08:14 AM

Quote:

Originally Posted by The Nasty Nati

I think the stimulus checks are barely making any difference with the way the card market is going.

It mostly has to do with people who don't qualify for stimulus checks having nothing to spend their disposable money on.

I think it depends on the card. The ones that get most of the headlines here, you're right, they aren't being driven by the checks, but a lot of the cards that used to be in the $100 range and are now high hundreds or more, I could see the checks moving the needle on those. There was a thread here the other day about the 1954 Topps Jackie Robinson in PSA 3? 4? going from $75 a year ago to ~$400 today, and it wouldn't surprise me if the checks had something to do with that.

Seven · #5 03-03-2021, 10:12 AM

Quote:

Originally Posted by egri

I think it depends on the card. The ones that get most of the headlines here, you're right, they aren't being driven by the checks, but a lot of the cards that used to be in the $100 range and are now high hundreds or more, I could see the checks moving the needle on those. There was a thread here the other day about the 1954 Topps Jackie Robinson in PSA 3? 4? going from $75 a year ago to ~$400 today, and it wouldn't surprise me if the checks had something to do with that.

I think Checks certainly contribute to the lower end cards going up. I would agree in that regard, also raising the prices of lower grades that are normally cheaper.

dio · #6 03-03-2021, 10:24 AM

Quote:

Originally Posted by Seven

I think Checks certainly contribute to the lower end cards going up. I would agree in that regard, also raising the prices of lower grades that are normally cheaper.

Another round of stimulus and tax refunds are coming too

Exhibitman · #7 03-03-2021, 11:34 AM

I think it is mostly a FOMO and downward adjustment effect. If I see prices soar on nm-mt 1954 Robinsons I am now paying attention, and I may decide to get one I can afford just in case. That's exactly what I did with early Mantle cards in 2015.
Paying off nicely now. Meantime the collectors who were serious about owing one before--doing a player run, doing a 1954 set, etc.--are now going to move on it. Can't afford the 8? Buy a nice 6. The sellers, meantime, are thinking "Hey if the PSA 8 is worth $6,000, why shouldn't a PSA 3 sell for $400?" I'd even think that you could argue the three should sell for $600 or more--why not 10% of the 8 price, if that card stabilizes in that price range?

Johnny630 · #8 03-03-2021, 01:24 PM

Stuff is already coming down. Factored in By money Being Spent on Travel, leisure, and entertainment from the reopening, along with higher taxes and increase in gas price it�s going to stabilized the last 3-4 months was mostly IMO emotional buying.

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