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#2
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1) More time on their hands as either having time off from work or transitioning to Work From Home (WFH) 2) Had their old cards in the closet and realized what fun they had as kids during the boom market and went back 3) Realized the market was in an upswing and people like getting into an up market. 4) Was BORED with watching a screen all day for work and liked a distraction. 5) Without the hobby stores being open, the big box stores you went to for groceries or other items were also the primary place to purchase new boxes. Yep, more competition for a growing up sells more cards. I'm sure there are more but these are pretty good reasons Rich
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#3
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I seriously doubt that investment funds are driving the prices of vg Jackie Robinson cards. Just lots of new collectors, returning collectors, and long-time collectors, all with time and money on their hands, and in the latter case, a good dose of FOMO-better-get-it-now-before-it-goes-up-more. And these virtual communities and chat boards and blogs add to the momentum by allowing us some sorely-needed social contact in these days of isolation and boredom.
The real question is whether the bubble will pop or deflate, and to what extent. I don't see prices dropping back to pre-escalation levels on many cards. That has never been the case, as anyone who has waited 40 years for a price break on a 1952 Topps Mantle will tell you. Way I figure it is that a $900 card in 2019 that is $5,000 today may see $3,000 again but will go back up again unless some sort of catastrophe wrecks the overall economy for years. Baseball cards I sold for 'ridiculous' prices a few years ago are at or below market now. I'm not sorry I sold, just aware that this is cyclical with prices generally trending up over the years on quality materials. Similarly, I have very few quality baseball cards that I am sorry I 'overpaid' to get a few years ago.
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Read my blog; it will make all your dreams come true. https://adamstevenwarshaw.substack.com/ Or not... Last edited by Exhibitman; 01-26-2021 at 01:43 PM. |
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Vintage Cubs. Postwar stars & HOF'ers. |
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I think the answer probably sits between the two. Both flippers and new collectors. Each forum speaking to what they know. BO seems like there are way more pumpers over there. This Forum is definitely collector focused.
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Nothing new to add, but interesting to see Bill Simmons and his podcast network are making a card podcast. Social media will keep things going for a while. FOMO is a big cause.
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BST h2oya311, Jobu, Shoeless Moe, Bumpus Jones, Frankish, Shoeless Moe again, Maddux31, Billycards, sycks22, ballparks, VintageBen (for a friend), vpina87, JimmyC, scmavl Last edited by Schlesinj; 01-27-2021 at 02:54 PM. Reason: Fat fingers |
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foma?
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People may have other bills to pay, but they also were looking ahead to their future. And I always think that's a good thing.
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Barry Larkin, Joey Votto, Tris Speaker, 1930-45 Cincinnati Reds, T206 Cincinnati Successful deals with: Banksfan14, Brianp-beme, Bumpus Jones, Dacubfan (x5), Dstrawberryfan39, Ed_Hutchinson, Fballguy, fusorcruiser (x2), GoCalBears, Gorditadog, Luke, MikeKam, Moosedog, Nineunder71, Powdered H20, PSU, Ronniehatesjazz, Roarfrom34, Sebie43, Seven, and Wondo |
#9
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My wife and I had a meeting with our financial planner this afternoon and I chided him that my performance with cards was far outstripping his with stocks.
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Read my blog; it will make all your dreams come true. https://adamstevenwarshaw.substack.com/ Or not... |
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