What is happening with baseball card prices?

[Republicaninmass]

I can imagine if oen could somehow see the "order flow"

the selling side would outnumber the buying side by a high margin. There is a Goldin auction every month with millions of dollars of cards being..ahem "SOLD"

1952 topps joe black PSA 2 did 400 last night, right

[nwfsteve]

I've lurked here for long enough and never felt the need to post until now.

I'm down to maybe a total of 50-60 cards to knock off 66T, 64 Philly FB, 67 T FB, and a handful of others and it's killing me to think I can't do it unless I spend $250 on a Horace Clarke rookie card - which I can afford but can't do on principle.

That causes me to think about selling my old sets or cashing in on my PSA 6 Rose rookie. But then I wouldn't have those cards anymore. This conundrum bothers me every day and I guess waiting it out is the only answer.

[Harliduck]

Originally Posted by nwfsteve

I've lurked here for long enough and never felt the need to post until now.

I'm down to maybe a total of 50-60 cards to knock off 66T, 64 Philly FB, 67 T FB, and a handful of others and it's killing me to think I can't do it unless I spend $250 on a Horace Clarke rookie card - which I can afford but can't do on principle.

That causes me to think about selling my old sets or cashing in on my PSA 6 Rose rookie. But then I wouldn't have those cards anymore. This conundrum bothers me every day and I guess waiting it out is the only answer.

Glad I have my Horace...wow...just looked, Deans Cards has the cheapest example?? WTF? That says it all right there...wow.

[cardsagain74]

Originally Posted by Republicaninmass

I can imagine if oen could somehow see the "order flow"

the selling side would outnumber the buying side by a high margin. There is a Goldin auction every month with millions of dollars of cards being..ahem "SOLD"

1952 topps joe black PSA 2 did 400 last night, right

And it was an awful 2.

But to be fair, his other high numbers did not get strong prices

[Republicaninmass]

Originally Posted by cardsagain74

And it was an awful 2.

But to be fair, his other high numbers did not get strong prices

hey dont you have one John! lol

I just cant believe the Jackie prices, If my highs were complete (sans mick and mathews) I'd list the whole dam lot and see if these "buyers" are really paying this kind of money for cards

[Seven]

I think they'll end up going higher as well. At least in the short term. A new stimulus check is on the horizon.

[dio]

Just the beginning. For those long time aaron holder. Our card value simply was stall for 6-7 yrs. We're just beginning stage to move up

[Exhibitman]

So what should I ask for mine?

[Bigdaddy]

Recent quote from Ken Goldin on Sportscollectorsdaily:

“There are significant high net worth individuals who have decided to put millions of dollars into sports cards,” said Ken Goldin, Founder of Goldin Auctions. "New people are coming in each day.”

There's your demand, and we all know what that does to a fixed supply. I believe this has much more impact than the 50 year old guy returning to the hobby after 20 years off to pick up a few of the cards he missed.

[CharleyBrown]

Originally Posted by Seven

I think they'll end up going higher as well. At least in the short term. A new stimulus check is on the horizon.

I can't see the stimulus checks being the cause of the current prices in the hobby.

Someone making $75k and getting a $1400 stimulus check is more than likely not paying $25k for a PSA 4 '52 Topps Jackie, and I'd be shocked if they are looking to spend $400 on a PSA '52 Topps Joe Black.

The wealthiest have seen their wealth grow substantially in the past year. This is purely the result of people looking to park their money into other asset classes.

I suspect we will see a small burst in the bubble as COVID restrictions ease up, but we don't know when that will be. When it does happen, the drop in prices certainly won't be $GME-esque, that's for sure.

[rats60]

Originally Posted by CharleyBrown

I can't see the stimulus checks being the cause of the current prices in the hobby.

Someone making $75k and getting a $1400 stimulus check is more than likely not paying $25k for a PSA 4 '52 Topps Jackie, and I'd be shocked if they are looking to spend $400 on a PSA '52 Topps Joe Black.

The wealthiest have seen their wealth grow substantially in the past year. This is purely the result of people looking to park their money into other asset classes.

I suspect we will see a small burst in the bubble as COVID restrictions ease up, but we don't know when that will be. When it does happen, the drop in prices certainly won't be $GME-esque, that's for sure.

This started with basketball cards. Someone making 150k who was already spending money on the hobby suddenly gets 2400, more if he has kids, and can't spend money on vacations, movies, dining, etc. He puts that money into the right players, such as Jordan and LeBron, and now ~8 months later he easily has enough to buy even a low grade 1952 T Mantle before the recent run up after seeing ~10x gains.

There are lots of people whose income hasn't been effected at all and some who have seen a rise (medical related fields for instance). With another 2800+ coming, what are they going to spend it on? I don't see any bursting in the near future.

[dio]

Originally Posted by rats60

This started with basketball cards. Someone making 150k who was already spending money on the hobby suddenly gets 2400, more if he has kids, and can't spend money on vacations, movies, dining, etc. He puts that money into the right players, such as Jordan and LeBron, and now ~8 months later he easily has enough to buy even a low grade 1952 T Mantle before the recent run up after seeing ~10x gains.

There are lots of people whose income hasn't been effected at all and some who have seen a rise (medical related fields for instance). With another 2800+ coming, what are they going to spend it on? I don't see any bursting in the near future.

And many new collectors came back into this hobby. And you know what, collecting card is addictive