Why has market gone crazy? And outlook?

[Johnny630]

For me the Best way to use as a retirement hedge/side/retirement is try to stick with cards under 5,000 for ease of liquidity in selling for cash. Many can pull that off at a big show, higher then that they won’t spend at shows unless the National. Do you want multiple big checks coming in from auction houses ? I don’t. I wanna sell for cash at shows when retirement comes.

[Exhibitman]

Originally Posted by Johnny630

For me the Best way to use as a retirement hedge/side/retirement is try to stick with cards under 5,000 for ease of liquidity in selling for cash. Many can pull that off at a big show, higher then that they won’t spend at shows unless the National. Do you want multiple big checks coming in from auction houses ? I don’t. I wanna sell for cash at shows when retirement comes.

Please clarify your preference for cash sales over big checks from auction houses. What is the difference between $5K in cash or $5k in checks?

[rjackson44]

the new beckett vintage prices for star cards are insane .i mean crazy

[Angyale]

And its my recent experience that there are some really crazy people in the hobby these days.

Angyale

[Myachelydra]

Originally Posted by Angyale

And its my recent experience that there are some really crazy people in the hobby these days.

Angyale

This definitely has to be factored into the equation.

[Johnny630]

Originally Posted by Exhibitman

Please clarify your preference for cash sales over big checks from auction houses. What is the difference between $5K in cash or $5k in checks?

I prefer cash for the purchasing power it gives me via private sales in person from collectors or at shows from dealers. Over the years it’s been one of the only few ways I’ve been able to purchase big collections or single cards from private collectors. They want cash.

[ullmandds]

Originally Posted by Johnny630

I prefer cash for the purchasing power it gives me via private sales in person from collectors or at shows from dealers. Over the years it’s been one of the only few ways I’ve been able to purchase big collections or single cards from private collectors. They want cash.

translation...no one likes/wants to pay taxes!

[nwobhm]

Originally Posted by ullmandds

translation...no one likes/wants to pay taxes!

or little buyer recourse, or no bad checks.

[BobC]

Originally Posted by ullmandds

translation...no one likes/wants to pay taxes!

Bingo!!!!!!!!

[sportscardpete]

How does one balance the feeling of seeing their existing collection's value grow but putting future cards out of reach?

I really hate to say this, but it sucks. Sure it is great some cards shot up in value but it ends up being net-net pretty terrible for people actively building a collection.

[Seven]

Originally Posted by sportscardpete

How does one balance the feeling of seeing their existing collection's value grow but putting future cards out of reach?

I really hate to say this, but it sucks. Sure it is great some cards shot up in value but it ends up being net-net pretty terrible for people actively building a collection.

I have struggled with this myself. Especially with certain cards. I don't want to feel like I have to sell some of my other cards to afford ones with the current markets prices. The end result is me picking and choosing my spots and where and what I collect.

I also know that I'll be able to prioritize collecting eventually, but it's going to take decades at this point.

[MattyC]

Originally Posted by sportscardpete

How does one balance the feeling of seeing their existing collection's value grow but putting future cards out of reach?

I really hate to say this, but it sucks. Sure it is great some cards shot up in value but it ends up being net-net pretty terrible for people actively building a collection.

My brother and I have been saying this for the last couple of years to each other whenever we talk cards. We'd much rather our collections be worth way less if the cards we want to add to them also cost way less.

I really don't get excited about the rising value of things I never want to sell, but I do get bummed by the rising value of things I want to buy. Plus, when things reach a certain level of value, one almost feels obligated to be "responsible" and keep at least one eye on value, if a sale could move the quality of life needle even a little bit.

[Snapolit1]

Originally Posted by sportscardpete

How does one balance the feeling of seeing their existing collection's value grow but putting future cards out of reach?

I really hate to say this, but it sucks. Sure it is great some cards shot up in value but it ends up being net-net pretty terrible for people actively building a collection.

It does. 5-10 years ago so much I could have bought that is likely out of reach forever. Goudey Ruths PSA 7s and 8s. 1921 Exhibit Ruths. So much amazing stuff. I just can't bring myself to buy a poor bashed up version of something for the same price tag that I could have gotten it near mint 5 years ago.

Find myself now more picking around for cool memorabilia and photos that are more meaningful to me anyway.

[japhi]

Q1 GDP was negative 1.4%. I believe we are in for some interesting times - QE winding down, 7-8 interest rate hikes, wild inflation. Card market is already contracting (broadly, doesn't mean what you collect is).

Personally I won't be making any big card or other consumer purchases, highly suspect there be many folks caught naked (over leveraged) when this tide goes out. Toys will be going on sale soon.

[Johnny630]

Originally Posted by japhi

Q1 GDP was negative 1.4%. I believe we are in for some interesting times - QE winding down, 7-8 interest rate hikes, wild inflation. Card market is already contracting (broadly, doesn't mean what you collect is).

Personally I won't be making any big card or other consumer purchases, highly suspect there be many folks caught naked (over leveraged) when this tide goes out. Toys will be going on sale soon.

I have been thinking this way for 2 years and have been dead wrong.

Middle and low grade cards have pulled back because this inflation is affecting the middle class ..... conversely inflation has little to no affect on 5 and 6 figure buyers on Mile High, REA, and just wait till Memory Lane. Higher Higher and Higher a 53 Mantle PSA 7 sold for 47k along with a SGC 7.5 Mantle selling for over 15k in REA's last auction.

The rich get richer...the poor get poorer... and the middle class pay more and will spend less. Cards are still bullish IMO just not low and middle grade.