“Wall Street is piling into sports cards as prices soar”

[JohnnyHatesJazz]

we all gone be hood rich!

[CubbysCardboard]

Originally Posted by Sikkcaden

This is something I think about. I started putting together a collection for my son strictly for the purpose to give it to him in 20+ years. However in roughly 2 years, less than $20k invested is now pushing $200k in value.

If that number continues to go up without much being added to it, I have to think about paying for his college and first house rather than giving him little pictures of grown men.

This line has me looking at my cards and then looking at myself in the mirror evaluating my life. Oh well...when does Prizm hit the streets again?

[Brent72]

Originally Posted by jzx1103

I just want to know what car it is lol. My wife wants me to sell a part of my collection and get a C8 Corvette lol.

A little off topic but since you mentioned it I'm waiting for the C8 Z06. I've got a C7 Z and it's an absolute monster so I can't wait to see what they do with the mid-engine version.

[kevbojones]

Big money is descending on the hobby like locusts. They will eat everything up in sight.

They'll control the supply, and set the prices.

Then, they'll release much of it into the hobby and sell at these inflated prices and the prices will begin to fall as they have folded up their wallets and will no longer be paying the astronomical prices after they've liquidated their supply.

So the sucker who pays 10,000k for the 1989 Score Barry Sanders or whatever, will have no one to buy the card after he purchases it as the big money has left the party to consume something else

Not sure when this will happen, but this is how it will happen

[IndianaCards]

Originally Posted by kevbojones

Big money is descending on the hobby like locusts. They will eat everything up in sight.

They'll control the supply, and set the prices.

Then, they'll release much of it into the hobby and sell at these inflated prices and the prices will begin to fall as they have folded up their wallets and will no longer be paying the astronomical prices after they've liquidated their supply.

So the sucker who pays 10,000k for the 1989 Score Barry Sanders or whatever, will have no one to buy the card after he purchases it as the big money has left the party to consume something else

Not sure when this will happen, but this is how it will happen

What does that make up of the hobby tho? How many guys in here are buying PSA 10 86 Fleer Jordan's or other ultra high end stuff that these investment bankers/firms are after? Even if they liquidate all of the ridiculously high end stuff, which won't happen btw, because the supply is simply too small in the face of insane demand, it won't have a major effect on the day to day operations for guys like me, and many on this forum.

The rise in the goat prices has caused the tide to drop in the ultra modern market, and it will eventually reach a point where the value will be too great to pass on, then a shift will occur. There's always gonna be value to be found at some level, there's just more cards than there are people that want them. It becomes an exercise in trickle down economics, the top cup on the pyramid fills up and flows into the 4 below it, then they fill up the 8 below that, and as long as there's heavy demand there will always be a level of cups that need filled.

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[rainmaker]

Originally Posted by kefskala

Rather live in a trailer park and drive an AMC then have the thoughts of selling my cards. If you sold your cards then you were an investor not a collector. If you sold your cards then u should invest money into other cards. I have sold plenty and always re investing back into market. So for those that sold and call them selfs collectors or hobbyist I think not....if you bettered you life because of card collecting that’s also great. But no need to hear how one sold to early and missed out... those are the breaks.... a truly rooted collector never sells or pulls money off the table... but that’s me... we are all wired differently...

Yes I think this is basically just you. I don’t buy the high and mighty I’m a collector only #@#@#@#@#@#@#@#@. I’m sorry. It’s close minded and doesn’t make sense in the current marketplace. You are 1/100 with this mentality in cards today.

[hermanotarjeta]

How about “veteran sports cards collectors have poured into the stock market as prices have soared?”

I have to admit, all those cards that I sold too early went into the stock market and I’ve made up what I could have gained otherwise - it works both ways!

Stocks are at an all time high as well.

[Inferno]

Originally Posted by kefskala

Rather live in a trailer park and drive an AMC then have the thoughts of selling my cards. If you sold your cards then you were an investor not a collector. If you sold your cards then u should invest money into other cards. I have sold plenty and always re investing back into market. So for those that sold and call them selfs collectors or hobbyist I think not....if you bettered you life because of card collecting that’s also great. But no need to hear how one sold to early and missed out... those are the breaks.... a truly rooted collector never sells or pulls money off the table... but that’s me... we are all wired differently...

That's very easy to say when the cards we're collecting were worth ''hobby money''. When things get crazy to the point you could sell a piece of cardboard for life changing money and pay off your mortgage, or fund your retirement, or put your kids through college, sorry but ''true collector'' can go out the window in a hurry. Some things are more important, and many people are finding themselves in this new dilemma the hotter this market gets.

Everybody has a different threshold as to when things cross from the ''hobby'' realm to ''life changing'' realm but everybody will reach a tipping point eventually. You can't tell me if someone offered you $10 million for your collection tomorrow you wouldn't take it and run. As much as I love my cards I certainly would. For a lot less than that too.

[tjforce]

Originally Posted by Zauron

Man people talking about cashing out to buy a car is insane to me.

Cash out to buy a home, or something that would be improvement. A car? They depreciate the second you buy it and odds are you're looking for a new one in 3-5 years.

If you were to cash out, I would either put that into another form of safe investment, or buy real estate. Either payoff a house, buy a new house(if you can do that,etc), or buy land.

Ughhh... this is the pain of my existence. On top of being generally frugal, I manage finances for a living, advising on corporate capital decisions, etc.

Which means anything I consider buying, I essentially run a ROI calculation on in my head. I literally compare prices per ounce across foods when I shop for groceries. Which results in a funny story that happened to me last week:

My nanny was in the front room when a car pulled up and parked in the street to the side of here car and my car, which were next to the curb. The guy got out and put what ended up being an advertisement to try and buy her car off of her under the windshield wiper. He then turned to my car, gave it a 2 second look up and down, and prompted returned to his car without putting an add on it. He was not interested in a 7 year old Ford Focus with plenty of dents and scratches.

Yes, I have cards worth 6-figures and yet drive a car in the low 4-figures. #CardLyfe

[hoopstaj]

Originally Posted by tjforce

Ughhh... this is the pain of my existence. On top of being generally frugal, I manage finances for a living, advising on corporate capital decisions, etc.

Which means anything I consider buying, I essentially run a ROI calculation on in my head. I literally compare prices per ounce across foods when I shop for groceries. Which results in a funny story that happened to me last week:

My nanny was in the front room when a car pulled up and parked in the street to the side of here car and my car, which were next to the curb. The guy got out and put what ended up being an advertisement to try and buy her car off of her under the windshield wiper. He then turned to my car, gave it a 2 second look up and down, and prompted returned to his car without putting an add on it. He was not interested in a 7 year old Ford Focus with plenty of dents and scratches.

Yes, I have cards worth 6-figures and yet drive a car in the low 4-figures. #CardLyfe

Same here! Financial advisor and helping people manage their wealth has just made me so frugal (my wife would say cheap!) It’s still so hard for me to spend big money on cards and big money for me is $500


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[Pacmeyer]

Originally Posted by tjforce

Ughhh... this is the pain of my existence. On top of being generally frugal, I manage finances for a living, advising on corporate capital decisions, etc.

Which means anything I consider buying, I essentially run a ROI calculation on in my head. I literally compare prices per ounce across foods when I shop for groceries. Which results in a funny story that happened to me last week:

My nanny was in the front room when a car pulled up and parked in the street to the side of here car and my car, which were next to the curb. The guy got out and put what ended up being an advertisement to try and buy her car off of her under the windshield wiper. He then turned to my car, gave it a 2 second look up and down, and prompted returned to his car without putting an add on it. He was not interested in a 7 year old Ford Focus with plenty of dents and scratches.

Yes, I have cards worth 6-figures and yet drive a car in the low 4-figures. #CardLyfe

They may be valued at six figures but getting six figures is another story. It's like the old comics price guides. Just because a book is listed for X amount of dollars doesn't mean someone will pay you the same.

[Asian62150]

Originally Posted by tjforce

Ughhh... this is the pain of my existence. On top of being generally frugal, I manage finances for a living, advising on corporate capital decisions, etc.

Which means anything I consider buying, I essentially run a ROI calculation on in my head. I literally compare prices per ounce across foods when I shop for groceries. Which results in a funny story that happened to me last week:

My nanny was in the front room when a car pulled up and parked in the street to the side of here car and my car, which were next to the curb. The guy got out and put what ended up being an advertisement to try and buy her car off of her under the windshield wiper. He then turned to my car, gave it a 2 second look up and down, and prompted returned to his car without putting an add on it. He was not interested in a 7 year old Ford Focus with plenty of dents and scratches.

Yes, I have cards worth 6-figures and yet drive a car in the low 4-figures. #CardLyfe

I didn't know Brandon Jennings was on BO!

Good for you!

[pootshwan]

I'll still take Dogecoin

[cboog3105]

Originally Posted by Pacmeyer

They may be valued at six figures but getting six figures is another story. It's like the old comics price guides. Just because a book is listed for X amount of dollars doesn't mean someone will pay you the same.

[asujbl]

Originally Posted by Pacmeyer

They may be valued at six figures but getting six figures is another story. It's like the old comics price guides. Just because a book is listed for X amount of dollars doesn't mean someone will pay you the same.

Thanks new person

People are paying these prices

[mfw13]

Originally Posted by tjforce

Yes, I have cards worth 6-figures and yet drive a car in the low 4-figures.

Just goes to show that you're pretty smart.

Everyone with half a brain knows that cars are one of the worst things to spend money on because they depreciate quickly (as in the moment you drive it off the lot) and require a lot of maintenance.

I'm fairly wealthy and drive a 21-year-old Honda Accord...

[Pacmeyer]

Originally Posted by asujbl

Thanks new person

People are paying these prices

In your rush to judge based on post count (so typical... yawn) you've missed the point.

The article is about how money is pouring into cards with the idea being that these are the new stocks. Are buyers automatically lined up who will pay the last sold price?

Card prices are in the realm of eye of the beholder so a valuation may not mean much more than a bloated jewelers appraisal.

[pharmboymatt]

Originally Posted by mfw13

Just goes to show that you're pretty smart.

Everyone with half a brain knows that cars are one of the worst things to spend money on because they depreciate quickly (as in the moment you drive it off the lot) and require a lot of maintenance.

I'm fairly wealthy and drive a 21-year-old Honda Accord...

While I agree that cars are mostly a waste of money and am not a car guy at all, you're allowed some stupid/wasteful luxuries if wealthy, right?

I mean, driving a 21-year old Honda Accord vs paying ~$25k for a 2021 Honda Accord when you are 'fairly wealthy' is a little hardcore lol.

[KhalDrogo]

Originally Posted by Pacmeyer

In your rush to judge based on post count (so typical... yawn) you've missed the point.

The article is about how money is pouring into cards with the idea being that these are the new stocks. Are buyers automatically lined up who will pay the last sold price?

Card prices are in the realm of eye of the beholder so a valuation may not mean much more than a bloated jewelers appraisal.

But people are paying the prices. So what’s your point?

[tjforce]

Originally Posted by mfw13

Just goes to show that you're pretty smart.

Everyone with half a brain knows that cars are one of the worst things to spend money on because they depreciate quickly (as in the moment you drive it off the lot) and require a lot of maintenance.

I'm fairly wealthy and drive a 21-year-old Honda Accord...

I got to live the life when I was 25. Had a sweet BMW (3 series, but hell, I was 25) with Black/Chrome rims, everything.

I was young, single, and I regret absolutely nothing about it.

Now I'm middle aged (young at heart still), married, a dad, and my office is now virtual so I work from home. Seems like the only reason I really leave the house is to go to the grocery store. I'd love to hop into a 2019 Acura NSX to impress the soccer moms at Ralphs, but I realize there are much better uses for my money, be it spending on cards, other investments, helping family members, etc.

I still like to dream about it a bit, tho

[monkeymcgee]

Originally Posted by Pacmeyer

In your rush to judge based on post count (so typical... yawn) you've missed the point.

The article is about how money is pouring into cards with the idea being that these are the new stocks. Are buyers automatically lined up who will pay the last sold price?

Card prices are in the realm of eye of the beholder so a valuation may not mean much more than a bloated jewelers appraisal.

Respectfully, you don’t know what you’re talking about. No one here is quoting price guides—it’s completed sales.


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[drobfan8]

Originally Posted by Pacmeyer

In your rush to judge based on post count (so typical... yawn) you've missed the point.

The article is about how money is pouring into cards with the idea being that these are the new stocks. Are buyers automatically lined up who will pay the last sold price?

Card prices are in the realm of eye of the beholder so a valuation may not mean much more than a bloated jewelers appraisal.

I couldn't agree more.

Tjforce has the WORST collection. His values are ALWAYS way off. I bet he doesn't even have any Coby White Bass.

What an idiot. Good luck getting $100k for that turd of a collection Tj..more like $100.... ah ah ah ah

[Stoiclife]

Originally Posted by Above the Rim

If you are holding cards, how can you possibly be "disgusted" with the hobby right now? With the prices way up, isn't that part of the whole goal all this?

Exactly! A rising tide lifts all GOATS, and lots of previously underappreciated cards have seen a huge bump in prices because of the hot market. There's never been a better time to have substantial money in cards.

[kevbojones]

I 100% agree. But the BIG money will eventually leave, when there is nothing left to consume. It appears that they are currently buying anything and everything, like locusts, as there are basically scraps floating around right now

For instance, I was buying 87 Fleer Basketball GOATS in PSA 9s for $30 and $40 this spring--Malone, Dr J, Olajuwan, Ewing etc. Now some of those same cards are pushing $500-$600 a piece.

Eventually, someone is going to be left holding the bag when the prices max out, then those $500-$600 cards will fall back down to $50-$80 cards like they should be because the locusts are no longer buying at the high price points and John Q collector will have to decide if he can spend $600 on an 87 Fleer Akeem Olajuwan when the buyer pool has shrunk considerably

Who knows though? I don't mind where the prices are, but my buying has slowed down considerably; going for quality over quantity and I don't touch the modern stuff except for super veterans

Originally Posted by IndianaCards

What does that make up of the hobby tho? How many guys in here are buying PSA 10 86 Fleer Jordan's or other ultra high end stuff that these investment bankers/firms are after? Even if they liquidate all of the ridiculously high end stuff, which won't happen btw, because the supply is simply too small in the face of insane demand, it won't have a major effect on the day to day operations for guys like me, and many on this forum.

The rise in the goat prices has caused the tide to drop in the ultra modern market, and it will eventually reach a point where the value will be too great to pass on, then a shift will occur. There's always gonna be value to be found at some level, there's just more cards than there are people that want them. It becomes an exercise in trickle down economics, the top cup on the pyramid fills up and flows into the 4 below it, then they fill up the 8 below that, and as long as there's heavy demand there will always be a level of cups that need filled.

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[Brent72]

I would be nervous if I had a lot of money tied up in current players like Luka, Zion, Giannis, Trae, Ja, etc. They may go on to be all-time greats or they could be complete afterthoughts in the grand scheme of things. There have been a lot of great players in the history of the NBA, but when it comes to investing in cards there are only a few truly bankable guys...the obvious ones being Jordan, Kobe and LeBron. Not only will you never lose money on them, but they're basically like owning Apple, Google and Amazon stock.