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What Caused the Trading Card Market to Bust?
Posted on 8/15/12 at 7:36 pm
Posted on 8/15/12 at 7:36 pm
I loved collecting basketball cards as a kid but then in the 2000s, they all saw their value diminish. What was the reason for this?
Posted on 8/15/12 at 7:39 pm to lsu31always
saturation of the market
Posted on 8/15/12 at 7:41 pm to JabarkusRussell
Contrary to what most people will say about the economy crash and all that stuff, the real reason for the bust was actually a HUGE growth in the industry...Brands on top of brands were being produced, and a with anything else this waters down the market a causes the value to go down as whole. In the 80's and 90's there were 5 or 10 sets and in 2005 there were probably over 100. Companies drove the industry into the ground by trying to do too much.
Posted on 8/15/12 at 7:41 pm to JabarkusRussell
Two things:
1) You had Topps and Fleer, then like 40 other card companies jumped in and started releasing sets every 6 months.
2) Due to that, people stopped giving a shite. It was cool to have one or two different kind of cards once a year - it blew to have 10 cards of one guy every six months.
1) You had Topps and Fleer, then like 40 other card companies jumped in and started releasing sets every 6 months.
2) Due to that, people stopped giving a shite. It was cool to have one or two different kind of cards once a year - it blew to have 10 cards of one guy every six months.
Posted on 8/15/12 at 7:43 pm to tigerbait4444
Yeah but growth caused Tulipomania.
The big cards reached all-time high selling prices and a crash is usually followed by that.
The big cards reached all-time high selling prices and a crash is usually followed by that.
This post was edited on 8/15/12 at 7:44 pm
Posted on 8/15/12 at 7:45 pm to RummelTiger
quote:
1) You had Topps and Fleer, then like 40 other card companies jumped in and started releasing sets every 6 months.
Upper Deck was the shark jumping moment.
quote:
2) Due to that, people stopped giving a shite. It was cool to have one or two different kind of cards once a year - it blew to have 10 cards of one guy every six months.
I couldn't stand how one player could be on 5 or 6 different types of cards in a single set. I always valued the standard card of a big time player more.
Posted on 8/15/12 at 7:48 pm to tigerbait4444
quote:
Contrary to what most people will say about the economy crash
The card market tanked way before the market...market.
Posted on 8/15/12 at 7:59 pm to tigerbait4444
I get that for cards from 2000 and beyond but what about older cards? I mean you can get a Griffey Rookie Card on ebay for just $20 now. It use to be over $100. It's not like they suddenly started making more Griffey RCs.
Posted on 8/15/12 at 8:01 pm to RummelTiger
Yep. There was just Topps from the mid-1950s through 1980.
Donruss and Fleer entered the market in 1981. I remember them coming out with Score in 1988 and Upper Deck and Bowman in 1989. Then Topps switched to the Series 1 and Series 2 crap in 1993.
Other problem was that kids in the 1950s and 1960s never kept their cards. They stuck them in the spokes of their bikes, their moms threw out their collections, etc. Then everyone learned in the 1980s and didn't throw away their cards.
Donruss and Fleer entered the market in 1981. I remember them coming out with Score in 1988 and Upper Deck and Bowman in 1989. Then Topps switched to the Series 1 and Series 2 crap in 1993.
Other problem was that kids in the 1950s and 1960s never kept their cards. They stuck them in the spokes of their bikes, their moms threw out their collections, etc. Then everyone learned in the 1980s and didn't throw away their cards.
Posted on 8/15/12 at 8:03 pm to JabarkusRussell
Kids found other things to waste their money on.
Posted on 8/15/12 at 8:04 pm to JabarkusRussell
Yes but once the sports card market crashed the industry as a whole had a lack of demand.
Posted on 8/15/12 at 8:04 pm to xenythx
I loved the Topps Finest and SPX cards.
Posted on 8/15/12 at 8:04 pm to JabarkusRussell
Over-supply. /thread
Posted on 8/15/12 at 8:14 pm to MStreetTiger
quote:
Over-supply. /thread
You're trying to /thread with the only point anyone is making in the thread?
Posted on 8/15/12 at 8:16 pm to JabarkusRussell
I don't know but I have every Bo Jackson card in existence,even the error cards, and they are worthless.
Posted on 8/15/12 at 8:18 pm to RummelTiger
quote:
Two things:
1) You had Topps and Fleer, then like 40 other card companies jumped in and started releasing sets every 6 months.
2) Due to that, people stopped giving a shite. It was cool to have one or two different kind of cards once a year - it blew to have 10 cards of one guy every six months.
Perfect explanation.
Posted on 8/15/12 at 8:19 pm to Mr. Tom Morrow
quote:
I don't know but I have every Bo Jackson card in existence,even the error cards, and they are worthless.
Were they worthless in the 80s or just recently? I use to always buy Beckett magazines for the prices each month.
Posted on 8/15/12 at 8:20 pm to JabarkusRussell
quote:
I get that for cards from 2000 and beyond but what about older cards? I mean you can get a Griffey Rookie Card on ebay for just $20 now. It use to be over $100. It's not like they suddenly started making more Griffey RCs.
Because cards are only worth what someone is willing to pay for them. Everyone who wants a Griffey RC, has a card by now.
When I was young I collected marvel and basketball cards. I have the entire 1992 Marvel Masterpiece Series with all special cards. In 1992, it was "worth" $500 for the set. Today, you can buy the entire set for $20 on eBay. As explained to me by the local comic shop worker, everyone who wants a set, has a set. There is no demand because supply was so great.
Posted on 8/15/12 at 8:24 pm to JabarkusRussell
Overproduction
Insert cards
Beckett
Additional release of "limited " cards after high established prices. Total miracle these rare cards would come out of nowhere. Who was overseeing this?
Insert cards
Beckett
Additional release of "limited " cards after high established prices. Total miracle these rare cards would come out of nowhere. Who was overseeing this?
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