While they’ll still decline, collectibles tend to perform well (relative to other asset classes) during recessions, though. Especially top-tier items like PSA 10 gold stars. During recessions, cards like this tend to function more like gold than like tech stocks. For better or worse, people view them as stores of value.
That said, there’s no question that we’re currently in a sort of weird speculative mania. Not too long ago, I had the pick of the litter when I was looking to buy a PSA 9 Latias GS for ~$2500. Now, I’m not even sure if I can buy any copy of it for double that price, let alone a nice copy. @wisewailmer is definitely correct that this has 2020/21 vibes.
I will only say this, lots of good points and truth spoken above but that one thing I will say…
There has never been a time seemingly for me that when I say " how much higher could it go " as an excuse to sit on the sidelines that I did not regret it. Over decades now I have looked back over and over again and thought well didn’t see that happening. Be it cards, real estate or many other things. I am not saying those things did not see peaks and valleys but the next peak seems to trump the last. So again when we see the price of a GS and say wow $XXk that’s crazy, where could it go. Buckle up and look back in 5-10 years.
Something extremely low pop like Japanese Rayquaza 1st edition i think would have long term appreciation regardless of current craze. Thats where I would like to invest
Only 355 examples have ever been graded by PSA and you have to imagine because of card value that a good chunk of those are regrades
This is the type of card i can imagine a decade from now kicking myself saying “wow it was so cheap back then”
A friend of mine has been getting 55-60k offers since Atlanta collect a con of last year. It took me a lot of digging and offering between 60-65 to get a seller to sell. Offered my money to at least 10 holders and no one wanted to sell or wanted at least 70k.
i dont trust “private sales” as much as the next guy but these ones are believable imo since its been a long while since one has sold at public auction and they really werent that much cheaper in terms of % gain compared to a lot of the other stuff that has gone up
not like those fanatics “private sales” of 1st ed base, $2M illustrators, or ppl posting they sold 1st ed charbar for over 300k recently
I mean, I could easily provide proof and I would actually expect “private sales” to show proof when using it as a data point. It’s possible to do so without exposing the other party
Yup. Private sales are not data sales. It’s just ‘trust me bro’ or ‘I’ll show you the private messages’. The only english Rayquaza GS recent data is the 44k best offer on PWCC in january that has not even been paid for.
More often than not private sales are real but not repeatable. I’ve sold many cards over the years through private sales that are peak prices / records and don’t reach that price again for a long time.
Its one desperate person that will chuck any figure and the next buyer is so far down the line it looks comical when one hits the auction block.
So yes, i take private sales as real but with a grain of salt on it being the market value of a card.
