Trading cards are cool again
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Trading cards are cool again
1–10 of 94 posts
Re: Trading cards are cool again
#2Absolutely everything is frothy right now. I wouldn’t make any long term conclusions from the markets today, since this seems like an exceptional time. That is to say, I think the “bull case” for many things atm are heavily tainted by irrational exuberance.
Re: Trading cards are cool again
#3Absolutely everything is frothy right now. I wouldn’t make any long term conclusions from the markets today, since this seems like an exceptional time. That is to say, I think the “bull case” for many things atm are heavily tainted by irrational exuberance.
I think is the case that all the non speculative assets in producción (machines and labor(industrial employes)) are simply not worth, because is not individual problem the supply disruption, The investment and all that free money is simple put in speculative assets
Re: Trading cards are cool again
#4As someone who has been into cards and collectibles all my life, the past few years have been wild to say the least.
What we saw in 2020/early 2021 was really a classic bubble - FOMO buying pushing prices to unsustainable levels. Then throw in the grading shutdown caused by backlog of new collectors and investors sending in millions of garbage base cards for grading, clogging up the grading companies, plus profit taking from the insane prices, and we get the pullback we saw in Q2.
Like everything else, the collectible market comes down to supply and demand. Focus on rare cards - numbered cards, colored paralells, refractors etc…the supply is much lower and are generally safer bets because collectors are always chasing them.
Re: Trading cards are cool again
#5My instant thought was “NFTs”!!
NFTs are effectively the new reading cards. It’s gonna explode then implode, but I know a lot of people are getting into it.
Re: Trading cards are cool again
#6Absolutely everything is frothy right now. I wouldn’t make any long term conclusions from the markets today, since this seems like an exceptional time. That is to say, I think the “bull case” for many things atm are heavily tainted by irrational exuberance.
Imagine if Elon Musk selling Tesla was the pin that pricked the everything bubble, hah.
https://twitter.com/elonmusk/status/1457064697782489088?t=t-...
Re: Trading cards are cool again
#7I wonder if it's relevant that the golden age of trading cards, the 60s, was prelude to a decade of rampant inflation.
A friend of mine said in late 2020, w/r/t the explosion of NFTs, that we'd look back on it from the great depression of 2028 as the moment when the dollar became worthless, although most people hadn't realized it yet.
Re: Trading cards are cool again
#8As someone who has been into cards and collectibles all my life, the past few years have been wild to say the least. What we saw in 2020/early 2021 was really a classic bubble - FOMO buying pushing prices to unsustainable levels. Then throw in the grading shutdown caused by backlog of new collectors and investors sending in millions of garbage base cards for grading, clogging up the grading companies, plus profit tak…
Do you collect as a hobby or for profit? Seems like something I’d enjoy trying as a side-hustle but never really done before outside of Pokémon
Re: Trading cards are cool again
#9Absolutely everything is frothy right now. I wouldn’t make any long term conclusions from the markets today, since this seems like an exceptional time. That is to say, I think the “bull case” for many things atm are heavily tainted by irrational exuberance.
The higher-end of the card collecting hobby has changed permanently. The card companies are putting a lot of effort and money into producing unique or otherwise limited cards (autographs, relics, rare prints, etc). That's not going to stop.
For example a lot of the more common rookie card prices have already deflated back toward something closer to sane prices. Take the Greg Maddux 1987 Leaf rookie card - that went up ten fold in less than two years, primarily during the pandemic bubble, and has now deflated by around 60-70% from the peak of the bubble. That card (and numerous others like it from other prominent players of the past 40-50 years) is unlikely to quickly reinflate back to the peak, it might take five or ten years to get back there.
What isn't going to dramatically deflate, are the exceptional cards. The higher quality 1952 Mantle cards are not going to drop by 60-70%. The 1986 Fleer Jordan rookie in a PSA 10 is never going back to the days when it could be purchased for $10,000-$30,000. A high-end Lebron James rookie (seven figures) isn't likely to roll backwards by 70% from the peak. Those days are forever over. There is a lot of money willing to pay up for such cards. The high-end part of the card hobby is and will remain closer to behaving like the art market than like the mainstream cards-from-packs hobby.
And the giant premiums that card companies can command for high-end boxes, they're not giving that up if they can avoid it, they have no interest in rolling that back to the old days. Granted, Fanatics and their new monopoly may screw everything up.
Re: Trading cards are cool again
#10From scanning this, it sounds like the author is specifically talking about sports trading cards, most characterized by baseball cards.
This market certainly went crazy price-wise but then, as the author pointed out, tanked. It basically tanked because everyone started collecting the cards. Like any collectible market, it mainly took off to begin with because no one was collecting these things and keeping them in mint condition. The realization of that then created oversupply.
I can't speak much for that market but in the past year Pokemon in particular has exploded, to the point where the the ratings companies where so inundated with submissions that they had to stop accepting them.
The Pokemon market seems to have cooled but prices for mint condition first edition cards still seem to be pretty high. It's impossible to predict where this market will go just like any collectible market because it's so driven by market sentiment.