For those who believe today’s values are up……

[Balticfox]

Given that prices are up something like 100 fold in the last sixty years, anybody complaining about prices having dropped in the past three years deserves no sympathy.

[jingram058]

It's great that cards upturned the aforementioned 2 times. But for those of us who just collect, who cares? If cards go down, it's great news for us.

[bcbgcbrcb]

Given that prices are up something like 100 fold in the last sixty years, anybody complaining about prices having dropped in the past three years deserves no sympathy.

Except for those like myself that started a new collection and bought everything in 2021.

[Balticfox]

Originally Posted by bcbgcbrcb

Except for those like myself that started a new collection and bought everything in 2021.

Well I am assuming that if the cards you bought weren't worth that much to you, you would not have bought them at those prices. And you still have the cards, do you not? So you're fine.

[Leon]

Originally Posted by bcbgcbrcb

Given that prices are up something like 100 fold in the last sixty years, anybody complaining about prices having dropped in the past three years deserves no sympathy.

Except for those like myself that started a new collection and bought everything in 2021.

Nice timing, Phil. I know the feeling.

I bought this one in 2021 for a lot! of money. I don't care (too much) if the value went down ....

[Balticfox]

Originally Posted by jingram058

But for those of us who just collect, who cares? If cards go down, it's great news for us.

I agree. Lower prices mean I can amass more cards!

[oldjudge]

Originally Posted by Balticfox

Given that prices are up something like 100 fold in the last sixty years, anybody complaining about prices having dropped in the past three years deserves no sympathy.

That’s such a silly statement. First, what does “prices” mean? Prices of what? All cards (whatever that means)? A 1964 common? But more importantly, the only relevant thing to an owner is what price he bought a card at and what price he sells the card at. As Phil pointed out, his purchases were not the beneficiaries of any updraft in prices and so he has a reason to rue what he did. And it is not just cards purchased in 2021. I think Kalamazoo Bats prices are lower today than they were thirty years ago. There is no intrinsic value, there is no dividend stream; values are at the whim of the current collecting public.

[Lorewalker]

Originally Posted by Balticfox

Given that prices are up something like 100 fold in the last sixty years, anybody complaining about prices having dropped in the past three years deserves no sympathy.

What do values from 60 years ago have anything to do with Phil's post? He is simply restating what others have done in may other threads. The market has adjusted dramatically since 2021 and that never feels great to anyone but you, I suppose.

I certainly did not take his post as complaining. There are a lot of collectors who are upside down on their purchases. Hopefully it will not take 60 years for those who bought in 20 and 21 to be in the black.

[Kutcher55]

I think vintage is up slightly in the last 12 months, likely driven by a bull financial market. The major indexes are all up 20% and vintage isn’t up by that much. Draw your own conclusions from that. I don’t see us ever getting back to Feb ‘21 prices but I don’t care that much. There’s still enough inefficiency in the market to take advantage of the arbitrage and finance the growth of the ol’ PC. And there are examples of key vintage cards that should grow. Heck, it’s kind of morbid but we’ve seen pretty good short term spikes of cards recently when the player dies. Bill Walton cards went up 50% overnight. Rose cards went for at least a 25% premium at his passing and the Fernando Valenzuela Topps Traded card went bonkers last week upon his untimely passing.

[Snapolit1]

I think the endless loop of auctions, weekly, monthly, quarterly, pop up, extra innings ….. yadda yadda yadda …. Has made it clear to people that a great deal of this stuff ain’t as scarce or as special as we all wanted to believe. When a single auction has 7-10 of the same card, it don’t seem quite so amazing does it?

[BioCRN]

Originally Posted by Snapolit1

I think the endless loop of auctions, weekly, monthly, quarterly, pop up, extra innings ….. yadda yadda yadda …. Has made it clear to people that a great deal of this stuff ain’t as scarce or as special as we all wanted to believe. When a single auction has 7-10 of the same card, it don’t seem quite so amazing does it?

There's also the weird math of trying to figure out where the hobby is on certain cards. Even for some great looking cards, rarity won't elevate them past popular cards.

Not vintage, but easy to make an example of...1989 Upper Deck K.Griffey Jr cards still demand $40-50 in raw condition even though we know there's a million+ of them out there in the wild. Who doesn't want one, though? It's iconic junk wax.

[BobbyStrawberry]

Originally Posted by BioCRN

There's also the weird math of trying to figure out where the hobby is on certain cards. Even for some great looking cards, rarity won't elevate them past popular cards.

Not vintage, but easy to make an example of...1989 Upper Deck K.Griffey Jr cards still demand $40-50 in raw condition even though we know there's a million+ of them out there in the wild. Who doesn't want one, though? It's iconic junk wax.

Everybody already has one!

[LincolnVT]

Buy the best of the best at a decent price and sit back and enjoy the ride.

[Peter_Spaeth]

Originally Posted by BobbyStrawberry

Everybody already has one!

There's a Yogi ism in there somewhere. Maybe, nobody wants one, they're too popular.