Bursting Bubble

[egri]

Originally Posted by The Nasty Nati

I think the stimulus checks are barely making any difference with the way the card market is going.

It mostly has to do with people who don't qualify for stimulus checks having nothing to spend their disposable money on.

I think it depends on the card. The ones that get most of the headlines here, you're right, they aren't being driven by the checks, but a lot of the cards that used to be in the $100 range and are now high hundreds or more, I could see the checks moving the needle on those. There was a thread here the other day about the 1954 Topps Jackie Robinson in PSA 3? 4? going from $75 a year ago to ~$400 today, and it wouldn't surprise me if the checks had something to do with that.

[Seven]

Originally Posted by egri

I think it depends on the card. The ones that get most of the headlines here, you're right, they aren't being driven by the checks, but a lot of the cards that used to be in the $100 range and are now high hundreds or more, I could see the checks moving the needle on those. There was a thread here the other day about the 1954 Topps Jackie Robinson in PSA 3? 4? going from $75 a year ago to ~$400 today, and it wouldn't surprise me if the checks had something to do with that.

I think Checks certainly contribute to the lower end cards going up. I would agree in that regard, also raising the prices of lower grades that are normally cheaper.

[dio]

Originally Posted by Seven

I think Checks certainly contribute to the lower end cards going up. I would agree in that regard, also raising the prices of lower grades that are normally cheaper.

Another round of stimulus and tax refunds are coming too

[Exhibitman]

I think it is mostly a FOMO and downward adjustment effect. If I see prices soar on nm-mt 1954 Robinsons I am now paying attention, and I may decide to get one I can afford just in case. That's exactly what I did with early Mantle cards in 2015.
Paying off nicely now. Meantime the collectors who were serious about owing one before--doing a player run, doing a 1954 set, etc.--are now going to move on it. Can't afford the 8? Buy a nice 6. The sellers, meantime, are thinking "Hey if the PSA 8 is worth $6,000, why shouldn't a PSA 3 sell for $400?" I'd even think that you could argue the three should sell for $600 or more--why not 10% of the 8 price, if that card stabilizes in that price range?

[Johnny630]

Stuff is already coming down. Factored in By money Being Spent on Travel, leisure, and entertainment from the reopening, along with higher taxes and increase in gas price it’s going to stabilized the last 3-4 months was mostly IMO emotional buying.

[Peter_Spaeth]

Originally Posted by Johnny630

Stuff is already coming down. Factored in By money Being Spent on Travel, leisure, and entertainment from the reopening, along with higher taxes and increase in gas price it’s going to stabilized the last 3-4 months was mostly IMO emotional buying.

It isn't coming down for anything I want to buy LOL.

[Johnny630]

Originally Posted by Peter_Spaeth

It isn't coming down for anything I want to buy LOL.

Mine either, lol. It’s cause we have such good taste in cards !!

A lot will be the modern, it won’t make sense for them to send in modern for 10’s
The price increase that should stop a lot of that over inflated stuff.

[Yoda]

I think one factor that bears consideration is the huge cards that are sitting with the TPGers, many that have been there since the dawn of time. As these cards slowly make their way to the marketplace, particularly the marquee players, the supply/demand equation will begin to change. If a dozen or so Jordon 9's and a couple of 10's hit the market, I don't know what the demand will be if most of the high rollers already have one tucked into their portfolios. Price decline or more bidders who want to join the party? Still, I doubt that there are too many #53 Goudey Ruths 6 or 7's waiting in the pipeline.