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#1
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The Death of Direct Sales
Posted By: Bruce Dorskind
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#2
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The Death of Direct Sales
Posted By: boxingcardman
C'mon Bruce, aren't you guys rich? Think of all the great buys to be had from people who need to eat, pay for medicine, pay the rent, etc. There'll be rare cards a poppin' and for a fraction of the current prices. Happy days! |
#3
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The Death of Direct Sales
Posted By: barrysloate
Bruce- I certainly hope you are wrong. The market is down 1800 points in the last four days but at some point it has to level off. It already has affected the card market. |
#4
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The Death of Direct Sales
Posted By: Dan Bretta
Those who worked on Wall Street will be fine...you know why you don't see any of them jumping out of windows? Because they are all rich beyond belief....they screwed away our money while taking theirs. Lehman brothers still intending to give out over a billion dollars in bonuses while going through bankruptcy??? That's outrageous. AIG officials taking a 1/2 million dollar junket less than a week after receiving a federal bailout??? These people are sick. |
#5
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The Death of Direct Sales
Posted By: barrysloate
Hopefully when President Obama takes office he will implement a new set of tough rules to keep all these scoundrels at bay. It won't be easy- he will have a very difficult job on his hands. |
#6
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The Death of Direct Sales
Posted By: Bruce Dorskind
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#7
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The Death of Direct Sales
Posted By: Dan Bretta
You may be right Bruce, but I think cards priced less than $100 will take a harder hit than the ultra high grade cards do because most of those cards are held by people who can afford to get through a recession or god forbid a depression. |
#8
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The Death of Direct Sales
Posted By: David R
Only kings, presidents, editors, and people with tapeworms have the right to use the editorial "we." |
#9
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The Death of Direct Sales
Posted By: Jim VB
Dan, |
#10
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The Death of Direct Sales
Posted By: Dan Bretta
I think at this point "we" all should get over Bruce's use of the "royal we". We know he's going to use it, we know he's not going to change. We need to adapt and get on with the business of this chatroom. We passed beating a dead horse at least a year ago. |
#11
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The Death of Direct Sales
Posted By: barrysloate
Most collectors will cut back, but will still try to hang in the hobby. I think the lower priced cards will be rather popular as a result. |
#12
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The Death of Direct Sales
Posted By: Dan Bretta
Barry, I don't think those people (the whales) are going to drop out...when they're paying $200,000+ for Ty Cobb bread cards they've got money laying around to get them through whatever comes our way. And they aren't going to sell off if the market falls. Those people holding collections full of $100 and less T cards may have to sell off if they lose their job. |
#13
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The Death of Direct Sales
Posted By: Dave
Card values, like home values and everything else have to stay relative to the economy. |
#14
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The Death of Direct Sales
Posted By: barrysloate
Dan- they may have enough money, but over the years I've been in the hobby I've seen many of them burn out. When Copeland quit he still had plenty of money; he was just worn out by the process of buying too much too fast. |
#15
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The Death of Direct Sales
Posted By: Jim VB
http://www.businessinsurance.com/cgi-bin/news.pl?post_date=2008-10-08&id=14155 |
#16
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The Death of Direct Sales
Posted By: Dave F
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#17
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The Death of Direct Sales
Posted By: barrysloate
Dave- thanks for noticing. Thought I would get that into the conversation. |
#18
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The Death of Direct Sales
Posted By: Dan Bretta
Burnout will not be the reason to sell...if anything the whales will be smelling the blood in the water...I'm not sure what the deal was with Copeland...was he even interested in baseball collectibles beyond their value? The Whales have competition (the registry)...and some from what I know of them actually are interested in the history of baseball too. |
#19
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The Death of Direct Sales
Posted By: Dave
I agree some people holding $100 T cards might have to sell off... but the flip side of that like Barry pointed out is that in the long term it will attract more people to the hobby, which ultimately means the next cycle of price growth... |
#20
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The Death of Direct Sales
Posted By: barrysloate
Dan- there is an interesting story about why Copeland quit that may not be that well known. The main reason was he just had enough- he was getting calls from dealers on a daily basis and it was becoming too much. But there was also a baseball card store in his hometown of San Luis Obispo, and the owner was murdered during a robbery. It was too close to home and he worried about his family's safety. Now that's how the story was told to me, so I can't vouch for every detail, as I did not know him personally. |
#21
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The Death of Direct Sales
Posted By: Dan Bretta
He quit because he wasn't getting daily calls to buy cards and memorabilia? Sounds like obsessive compulsive behavior. |
#22
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The Death of Direct Sales
Posted By: Steve Dawson
If I remember correctly, most, if not all of the "whales" are doctors and lawyers. They'll undoubtedly be able to weather the coming storm better than the rest of us since their services will always be needed, and their jobs are relatively secure. |
#23
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The Death of Direct Sales
Posted By: barrysloate
He was getting daily calls from several dealers, and I'm guessing at some point it dawned on him that they were taking advantage of him. |
#24
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The Death of Direct Sales
Posted By: Dan Bretta
Interesting Barry...I guess I know relatively little about that whole episode in our hobby beyond the big sell off. |
#25
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The Death of Direct Sales
Posted By: barrysloate
Copeland only dealt with a handful of dealers, and I was not one of them. I never met or spoke to him. But I was able to sell a great deal of material to him through a couple of those dealers, always at very high prices. |
#26
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The Death of Direct Sales
Posted By: JimCrandell
Dan, |
#27
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The Death of Direct Sales
Posted By: barrysloate
I don't know if the hobby is really that healthy. There seems to be a distinct line in the sand. Some things are still doing well, but others are not. And it's not always easy to predict the market. |
#28
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The Death of Direct Sales
Posted By: JimCrandell
Barry, |
#29
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The Death of Direct Sales
Posted By: barrysloate
Jim- not everyone is a scoundrel, just some. |
#30
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The Death of Direct Sales
Posted By: JimCrandell
Apparently we are heading towards socialism--higher taxes, greater government involvement in the economy and in most aspects of daily life, and away from the things that made the country great. |
#31
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The Death of Direct Sales
Posted By: barrysloate
The character of this country changed in the last eight years. You feel an ultra-liberal will ruin the country; well, we've had an ultra-conservative...is that why things have been going so well? |
#32
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The Death of Direct Sales
Posted By: JimCrandell
Barry I disagree. |
#33
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The Death of Direct Sales
Posted By: Dan Bretta
George Bush is a socialist....you voted for him twice Jim. |
#34
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The Death of Direct Sales
Posted By: Steve Dawson
I think Jim and Barry have pretty much hit the nail right on the head. |
#35
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The Death of Direct Sales
Posted By: davidcycleback
In recent years Republican Presidents have spent more and created larger debts than their Democratic counterparts. That's not intended as a political statement, but a clarification of facts. Rhetorically, Republicans are the party of economic thriftiness, but rhetoric and practice often don't align. |
#36
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The Death of Direct Sales
Posted By: barrysloate
Jim likes to throw around the word socialist, even though we both know Obama is not a socialist, and democracy will be alive and well during his administration. |
#37
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The Death of Direct Sales
Posted By: Joe D.
"For the record, I just feel that of our two choices, McCain is the best, since he's more "centrist" than Obama." |
#38
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The Death of Direct Sales
Posted By: Dan Bretta
Geez Joe. Two can play at that game. |
#39
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The Death of Direct Sales
Posted By: barrysloate
McCain and Palin have been spreading invective that is beyond acceptable in a presidential race. But it is backfiring, and they are sinking faster than the Dow Jones. |
#40
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The Death of Direct Sales
Posted By: Joe D.
well geez dan.... I though it was on point comedy. |
#41
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The Death of Direct Sales
Posted By: Jim VB
The things I hate most about Presidential elections: |
#42
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The Death of Direct Sales
Posted By: Rob D.
Back on topic: |
#43
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The Death of Direct Sales
Posted By: Jim VB
Rob, |
#44
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The Death of Direct Sales
Posted By: Joe D.
Jim VB.... |
#45
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The Death of Direct Sales
Posted By: barrysloate
Joe- I'm a registered Whig. |
#46
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The Death of Direct Sales
Posted By: Rob D.
I've said it before and I'll say it again: |
#47
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The Death of Direct Sales
Posted By: Joe D.
Barry..... |
#48
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The Death of Direct Sales
Posted By: Steve Dawson
Well Rob, that's probably because politics is pretty simple..... |
#49
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The Death of Direct Sales
Posted By: Jeff Lichtman
Barry, McCain is dropping like a rock most definitely due to the financial markets blowing up -- and the response of the electorate is to blame the party in power. Hard to disagree with that thinking. |
#50
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The Death of Direct Sales
Posted By: Fred C
Ok, you are all accused of hijacking this wornderful thread and turning it into a political land fill |
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