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#1
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This is just th start....hold on
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#2
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People have been clamoring on this board since March that we were in a bubble. No one can predict!!
__________________
Looking for: W600 Cobb and Wagner Sporting News/Collins McCarthy Jackson Seamless Cobb rookie Low Grade Ruth rookie Cards: https://www.flickr.com/photos/189414509@N08/albums |
#3
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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.
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#4
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Sooner than later on some?
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 |
#5
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Quote:
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#6
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#7
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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.
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#8
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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.
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#9
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My opinion/prediction is we see a leveling off and small decline in the spring and summer when the weather gets better and people get out more and covid starts to fade from front and center of everything.
I also disagree about prewar going up or "catching up". Many, many collectors just see it out of their realm and won't venture in. Also there is no memories or nostalgia associated with it like there is 50's- modern day. I know I tried to get into pre war about 10 years ago and after 6 months realized on my budget I would likely never have a solid Ruth or Cobb etc. and so I sold all that I had and concentrated on the stuff that you could get most of what you wanted (i.e. 50-70's)
__________________
[FONT="Lucida Sans Unicode"]CampyFan39 |
#10
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We'll see Chris. There has to be a leveling off on the modern for sure. Going back a year ago, modern went nuts first, then Postwar, then Prewar. Now, it's happening again. Investors will find better value and true rarity in Prewar. I think it's a natural hobby progression to start with modern, and eventually getting to the vintage. In a lot of respects nowadays, vintage is cheaper than modern.
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#11
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#12
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I read another “bubble” chain here recently and appreciated the perspective offered by one thoughtful poster...
While I am like many (most) members here - collector, first and foremost - I don’t begrudge anyone who decides to spend their hard earned money any way they want. If they consider this an investment, no real harm to me. If that inflates prices, that’s free market - also ok by me. There are always new ways to expand my collecting interests - one new hobby friend recently opened my eyes to great old magazines which are very affordable and are super cool to read, display etc. I am not going to root for a huge drop in card value that would put lots of hobby businesses out of work just so that I can afford to buy that Ty Cobb card that is just about out of reach now.... there’s always another way to add Ty to my collection |
#13
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Quote:
It seems completely rational for the players to restrict the compensation somewhat of the best (soon to be highest paid) players in exchange for benefits such as salary minimums, pension rules, etc. that benefit all players, including ones who will never approach the compensation levels achieved by the elite players. Looking at the effect on elite prospects in isolation may make it appear that they are being "screwed" (paid less than they could have commanded without the arbitration eligibility "rules"), but if those rules were traded during negotiations for things that benefit all players, it may be a completely sensible trade-off that the negotiators of the CBA wanted and agreed to. |
#14
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I also think pre war stays strong but I do think there has been too much of a run up in new cards. Some of those will fall way back down, imo. Only time will tell. And as Warren Buffet says, you can never time the market. .
__________________
Leon Luckey |
#15
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People have been clamoring since the day I joined the board that we are in a dangerous bubble.
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#16
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March 2019
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#17
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LOL - in case anyone thought it was good to take advice from random dudes on baseball card chatboards. Last edited by mechanicalman; 02-23-2021 at 11:10 AM. |
#18
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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... |
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