Effect of the Economy on the Hobby
Sorry for the lack of updates. I’ve been busy…very busy with watching the playoffs and football over the weekend. Anyway, is it just me or has anyone else noticed a slump in card sales on the world’s greatest marketplace? Of course, this is based purely on my search of Lincecum cards and just randomly looking at Allen & Ginter and also some new stuff like Ballpark, etc. Usually, there would be a ton of new listings every night around 10-11ish, but lately there hasn’t been as many. There have also been lower sell prices across the board on cards that usually go for $10-20 more. I know this because I average out prices for cards regularly to determine their sell value. Of course this is no scientific study or anything, but just what I noticed in the past week or two. Perhaps the slumping economy has extended to the card industry (or hobby rather) and the crash in the stock markets have affected people’s pockets and their ability to spend on cards.
There a few things that will be never affected by the economy. Things like gold will usually always hold their value. What about baseball cards or cards in general? I think that older, vintage cards will always hold some value. If a Honus Wagner sells for a million a month ago, it will still sell for a million right now. I’m pretty sure that if someone has enough money to buy a Honus Wagner, they will probably still be rich enough to buy one even with an economic downturn. But modern-era cards are probably greatly affected by the economy as are other things such as boxes of cards because they are collected by the average Joe and that average Joe has bills to pay. But if you do have some money lying around, it would be a great time to buy since everything would be cheaper. The problem is, how long will these cards keep their value? How will cards from this era retain their value over time as compared to vintage cards? The market is flooded with memorabilia/autos/rookie cards/etc. so who knows what will happen.