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re: What Caused the Trading Card Market to Bust?
Posted on 8/15/12 at 7:41 pm to JabarkusRussell
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 7:43 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 7:48 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.
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