Baseball card bubble?

[Fjd133]

I bought myself a few little cardboard Christmas presents in early December and, after taking a small break, looked again at prices today and was amazed at the increase of all cards over even just a month!

Does anyone remember what happened in 2008 with the Great Recession? Did prices go down then? Hold steady?

I’m gonna be back to buying “junk wax” because that’s all I can afford.


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[dio]

more like vintage has been undervalue for so long , ppl finally realize it's way undervalue. Look at how crazy moderns go. Some of the modern collectors just begin to flow into vintage market. If one of those so call card collector KOL do some pumping on vintage , it will skyrocket even more
And the way fed keep printing money doesn't help either. Everything goes up big except for your salary

[Seven]

Originally Posted by Fjd133

I bought myself a few little cardboard Christmas presents in early December and, after taking a small break, looked again at prices today and was amazed at the increase of all cards over even just a month!

Does anyone remember what happened in 2008 with the Great Recession? Did prices go down then? Hold steady?

I’m gonna be back to buying “junk wax” because that’s all I can afford.


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Similar discussions have been had on the board on other posts/threads, I believe the overwhelming consensus is that the normalization of the card market will only return in a post COVID world meaning, after the overwhelming majority of the population receives the vaccine and people start going back to physical work, instead of mostly being remote.

Some cards will come down, the Hobby Icons though, your Cobbs, Mantles, Ruth's, etc, might see a very small correction but their prices are likely here to stay.

Hope this helps.

[gustomania]

I agree with this post.

The bubble isn’t just Baseball, other collectibles such as Magic have seen huge returns.

Originally Posted by Seven

Similar discussions have been had on the board on other posts/threads, I believe the overwhelming consensus is that the normalization of the card market will only return in a post COVID world meaning, after the overwhelming majority of the population receives the vaccine and people start going back to physical work, instead of mostly being remote.

Some cards will come down, the Hobby Icons though, your Cobbs, Mantles, Ruth's, etc, might see a very small correction but their prices are likely here to stay.

Hope this helps.

[dio]

Originally Posted by gustomania

I agree with this post.

The bubble isn’t just Baseball, other collectibles such as Magic have seen huge returns.

Remote workforce is here to stay. Companies saves ridiculous amount of money on office space, amenities. Work productivity is not affected at all. There's no reason to put force ppl back into work. Maybe only on occassion

[Seven]

Originally Posted by dio

Remote workforce is here to stay. Companies saves ridiculous amount of money on office space, amenities. Work productivity is not affected at all. There's no reason to put force ppl back into work. Maybe only on occassion

There are jobs though that physically require you to be on site. Additionally Many people like the structure of an office job or being in a physical work place. We need in person interaction, humans are social creatures.

[dio]

Company mgmt only care about the bottom line $$$.
Finance will not approve budget for office space amenities security cleaning just for their employee want to social. They can social all they want after work on their private time. Zoom meeting can get pretty much done and social interaction. People just need to accept the reality things had already changed and there's no way back

Not saying every single job will. But we won't see it to live work like before covid.

[gustomania]

Disagree to an extent. Many big companies are reviewing WFH vs office and while WFH sounds great, companies are seeing decreased employee engagement, more Performance issues, etc etc thus having an impact on client service and accuracy.

While many won’t go back FT in the office, many top leaders and upper mgmt are looking at a hybrid approach or SOME flexibility but not nearly what you would think.

So, while we are passionate about our collectibles, if your speaking from an investment standpoint it’s irresponsible to think this will continue in this capacity.

It won’t.

Originally Posted by dio

Remote workforce is here to stay. Companies saves ridiculous amount of money on office space, amenities. Work productivity is not affected at all. There's no reason to put force ppl back into work. Maybe only on occassion

[Exhibitman]

How people work is irrelevant; how they play is the key. We are all stuck at home doing jack-squat right now. My dining, concert, movie, event, etc., money is available and I am bored AF. You can only watch so much Netflix before you go nuts. Hence the turn to hobbies made all the more potent by the rise of virtual communities like this one. The test will be how many stick with it when they can go out again.

[todeen]

Originally Posted by dio

Remote workforce is here to stay. Companies saves ridiculous amount of money on office space, amenities. Work productivity is not affected at all. There's no reason to put force ppl back into work. Maybe only on occassion

Remote work is a trend that is cyclical. My dad was remote in the late 80s early 1990s, in Montana. Boss out of Spokane. Then in 1996 the company decided to centralize managers, so my dad was relocated with the same job title to Spokane. Then circa Great Recession, same company decided it was time to go remote again.

However, if the $2000 stimulus checks pass, card prices are going to go wacko again.

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[hcv123]

The values of any "commodity" is primariy dictated by supply and demand. What is going on right now in many cases is demand is outpacing supply causing upward pressure on price.

The comments related to remote work only factor in as much as how people heading back to work will affect supply and demand (if at all). While there are certainly anomalies, my opinion is there will be no "crash" - possibly some pockets of weaker demand in some spots though.

[Rich Klein]

Originally Posted by todeen

However, if the $2000 stimulus checks pass, card prices are going to go wacko again.

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I think there is still some debate about if there is another round whether the checks will be $1400 or $2000 per person AND it may not go to everyone the way the previous rounds did. But if everyone gets an extra 2K, there is good reason to believe today's "high prices" will be tomorrow bargains.

Rich

BTW -= Topps is not really raising the prices of the boxes of the cards you see at the big box stores but reducing the quantity within. Think of the last couple of Topps products in those stores as something similar to the candy bar size reduction process. That might also stop some of the retail explosions.

[Fjd133]

So as to bring this back to post-war baseball card collecting... did prior market corrections correspond to decreasing card values of older cards? I guess I was asking for a historical perspective.


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[swarmee]

I know that high grade PSA 8-9 1952 Topps cards crashed right around that timeline based on some research I did when PSA first opened up the Auction Prices Realized tool.

https://www.net54baseball.com/showth...light=realized

One card dropped from $10K to like $800.

I’ve worked remotely for nearly 20 years but it has had no effect on my hobbies. Work is work no matter where you do it from. Probably the bigger factor is people don’t have as many opportunities to go out to eat, drink, party, sports etc and that money and time is being poured into hobbies instead. I suspect once social events, sports and gatherings are back some activity in different hobbies will fall off.

[Chicosbailbonds]

Originally Posted by Wimberleycardcollector

I’ve worked remotely for nearly 20 years but it has had no effect on my hobbies. Work is work no matter where you do it from. Probably the bigger factor is people don’t have as many opportunities to go out to eat, drink, party, sports etc and that money and time is being poured into hobbies instead. I suspect once social events, sports and gatherings are back some activity in different hobbies will fall off.

This, and people who are not working are buying up all of the retail and flipping them.

[swarmee]

Well, some of these people are now getting a rude awakening with their 1099 forms from PayPal... hopefully they've been saving some of their profits.