CAN WE SOLVE THIS HOBBY (SPORTS CARD) CRISIS? Video and Discussion

[Yoda]

I think the recent comeback of card shows will fade as the market turns, particularly in those regional places you normally wouldn't expect to find one.

[Peter_Spaeth]

lolz

[raulus]

Originally Posted by Peter_Spaeth

lolz

FAKE NEWS.

Everyone knows that cardboard only goes up.

[ullmandds]

Originally Posted by Peter_Spaeth

lolz

lots of doom and gloom in the hobby today. Investing in a t206 wagner would've been a tad bit smarter than the kobe card.

[Peter_Spaeth]

Originally Posted by ullmandds

lots of doom and gloom in the hobby today. Investing in a t206 wagner would've been a tad bit smarter than the kobe card.

I think a lot of newbies with money got talked into stuff like this. Could be wrong.

[ullmandds]

Originally Posted by Peter_Spaeth

I think a lot of newbies with money got talked into stuff like this. Could be wrong.

im sure...will be curious to see what happens in the future? Guessing the chance of the MPLS Nat'l happening is about zero!!!

[Peter_Spaeth]

Originally Posted by ullmandds

im sure...will be curious to see what happens in the future? Guessing the chance of the MPLS Nat'l happening is about zero!!!

IMO the whole BGS Black Label thing is rather foolish to begin with, and, if an expose on Blowout is to be believed, subject to favoritism if not outright corruption. Textbook example of buying the flip. Nothing wrong with that until you lose a million on it.

[G1911]

Originally Posted by Peter_Spaeth

IMO the whole BGS Black Label thing is rather foolish to begin with, and, if an expose on Blowout is to be believed, subject to favoritism if not outright corruption. Textbook example of buying the flip. Nothing wrong with that until you lose a million on it.

They put together a pretty compelling case. Not that anyone bidding seems to care.

[BioCRN]

Originally Posted by Peter_Spaeth

lolz

Football and basketball cards crash quick and hard.

This recent explosion fueled by sneakerheads and fashion-flippers was heavy in on football and basketball. It's been a harder drop than in the past.

We did get some neat/weird stuff attempting to cater to that crowd, though. I am a fan some of the Topps Project 70 (and similar) issues to appeal to that demographic's sense of style.

[Exhibitman]

Originally Posted by BioCRN

Football and basketball cards crash quick and hard.

This recent explosion fueled by sneakerheads and fashion-flippers was heavy in on football and basketball. It's been a harder drop than in the past.

We did get some neat/weird stuff attempting to cater to that crowd, though. I am a fan some of the Topps Project 70 (and similar) issues to appeal to that demographic's sense of style.

One interesting way to spend some time is looking on whatnot at the livestreams for cards there. If you want to see how circular and overabundant the modern market is, take a look. Very few sellers offering anything made before 2000, especially in the basketball area. You will also see just how ignorant modern dealers are. I had a hilarious exchange with a completely clueless seller who supposedly had vintage basketball cards. He asked what I was interested in. I wrote "Lakers cards." I then added: "Showtime era" so he wouldn't bother pulling LeBron cards.

He said OK and started to look for items, going on about Kobe Bryant, and it became apparent he had no idea what the Showtime era Lakers were.

I added "Magic and Big Game James."

He said "you mean like Orlando Magic?"

I said "No. Magic Johnson." He said, "oh, sure, everyone likes him. I have some Shaq cards." Which are 20 years later.

I logged off.

[Eric72]

Originally Posted by Exhibitman

...I added "Magic and Big Game James."

He said "you mean like Orlando Magic?"

I said "No. Magic Johnson." He said, "oh, sure, everyone likes him. I have some Shaq cards." Which are 20 years later.

I logged off.

You didn't hang around to see the LeBron cards? (here you go, bro...Big Game James)

[Exhibitman]

Originally Posted by Peter_Spaeth

lolz

[BobbyStrawberry]

Originally Posted by Peter_Spaeth

lolz

Where did this info come from? Or this guy talking about himself....?

[lowpopper]

It's just a hobby

[brianp-beme]

My vintage brain (which squeaks when I move too quickly) tells me that the Kobe card shown still is 50 to 100x too much.

Brian

[Snapolit1]

If you think some of these folks got slaughtered on modern cards, take a look at what has gone on with those idiotic NFTs. I'm stunned to learned that a little cartoon image of an ape smoking a cigar that you have no copyright or other legal rights in is not worth a million dollars. Shocked.

Vintage cards holding up like prime Beverly Hills real estate compared to some of this other dreck.

[rjackson44]

Originally Posted by Snapolit1

If you think some of these folks got slaughtered on modern cards, take a look at what has gone on with those idiotic NFTs. I'm stunned to learned that a little cartoon image of an ape smoking a cigar that you have no copyright or other legal rights in is not worth a million dollars. Shocked.

Vintage cards holding up like prime Beverly Hills real estate compared to some of this other dreck.

Nfts steve lol

[Leon]

Originally Posted by brianp-beme

My vintage brain (which squeaks when I move too quickly) tells me that the Kobe card shown still is 50 to 100x too much.

Brian

+1. I was still feeling queasy for the guy that bought it for $795,000. Because tomorrow it could be worth $7950.00 .....Personally, I wouldn't pay $7.95 for it....unless I could immediately flip it for a profit. Yuck on all of that shiny stuff...but am glad folks are having fun, even if losing a boatload of money doing it.

NFTs remind me of pet rocks. LOL
.

[Fuddjcal]

Originally Posted by Leon

+1. I was still feeling queasy for the guy that bought it for $795,000. Because tomorrow it could be worth $7950.00 .....Personally, I wouldn't pay $7.95 for it....unless I could immediately flip it for a profit. Yuck on all of that shiny stuff...but am glad folks are having fun, even if losing a boatload of money doing it.

NFTs remind me of pet rocks. LOL
.

I've always felt the same way. Since 1988

[Exhibitman]

Originally Posted by Leon

+1. I was still feeling queasy for the guy that bought it for $795,000. Because tomorrow it could be worth $7950.00 .....Personally, I wouldn't pay $7.95 for it....unless I could immediately flip it for a profit. Yuck on all of that shiny stuff...but am glad folks are having fun, even if losing a boatload of money doing it.

NFTs remind me of pet rocks. LOL
.

Well, as a Los Angeleno I would definitely pay $7.95 for a nice Kobe card. Heck, I'd even go as high as $16.95 for one that really caught my eye (as one did recently).

[brad31]

The way I look at it I traded paper with a president’s picture on it (that I had duplicates of) for cardboard with a baseball player’s picture on it that I didn’t have. Always a win in my book.

Downturns just mean cards I thought I could never afford I might be able to get.

[VoodooChild]

30 years from now, a 15 year old kid who buys packs and goes to card shows with his dad today will be 45. He'll have some disposable income and will feel nostalgic at some point. He has the "collectors itch" again so what is he going to buy? In 2052, a 2010 Trout RC will be considered vintage. Will he go the "blue chip" route with a Trout RC or will he consider trying to complete a 2020 Topps Chrome "color run" of some random player he researched on the internet? Is that really any different than deciding to buy Mantle RC or trying to complete a "back run" of a T206 common? Or will he try and find his own unique way to collect like our members here who collect vintage catchers or Howe McCormick stamped cards?
Who knows. Collectors will always collect in their own way. I think the hobby will be just fine. It's the so-called investors or flippers who will always get screwed and I think that's a good thing for us collectors.

[Touch'EmAll]

There are always 2 sides to a transaction.

Dude is getting hammered selling the Kobe card he bought on 3/8/2021 for $ 1,752,000. and sold on 8/28/2022 for $ 795,000.

What about the dude who SOLD it on 3/8/2021 for $ 1,752,000. ? Now we're talking headline record gains. I honestly don't know, but it's possible this seller is up way over $ 1.M on this Kobe card. Think he isn't happy?

I don't want to bash Modern, it can be cool, fun and profitable but more risky. A lot of folks go for it.

My preference is for Pre-War and Vintage. It is much more cool, fun, and luckily has been profitable.

[ValKehl]

Originally Posted by VoodooChild

30 years from now, a 15 year old kid who buys packs and goes to card shows with his dad today will be 45.

Jason, do you really believe there will still be card shows 30 years from now?

[Exhibitman]

Originally Posted by VoodooChild

30 years from now, a 15 year old kid who buys packs and goes to card shows with his dad today will be 45. He'll have some disposable income and will feel nostalgic at some point. He has the "collectors itch" again so what is he going to buy? In 2052, a 2010 Trout RC will be considered vintage. Will he go the "blue chip" route with a Trout RC or will he consider trying to complete a 2020 Topps Chrome "color run" of some random player he researched on the internet? Is that really any different than deciding to buy Mantle RC or trying to complete a "back run" of a T206 common? Or will he try and find his own unique way to collect like our members here who collect vintage catchers or Howe McCormick stamped cards?
Who knows. Collectors will always collect in their own way. I think the hobby will be just fine. It's the so-called investors or flippers who will always get screwed and I think that's a good thing for us collectors.

OK, so if the 15 year old leaves Chicago on an eastbound train traveling at 50 miles per hour and the 45 year old leaves New York on a westbound train traveling at 55 miles per hour, how old are they in Cincinnati?