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The Card Market and the Economy

Sports Cards Nonsense

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Gordy is joined by Seth Gershenson from American University. He's a collector himself, but he's a Professor of Public Administration and Policy, focusing on Economics. He's also now an Associate Dean and has a class on Collecting Cardboard. We look at the economy as a whole and how that might reflect on cardboard in the coming months. Plus, we cover supply and demand for modern cards. Why does he focus on vintage? Plus, much more.

CHAPTERS:
0:00 - Intro
4:00 - Seth Gershenson, Professor at American University, joins Gordy
17:00 - Gordy’s investment thesis with cards and how it differs from other high-end collectors.
19:00 - How the current economic indicators are impacting the current card market.
22:50 - If supply and demand determine prices, then the current market for modern cards is out of whack
28:05 - How can AI impact the hobby? It likely starts with grading.
38:20 - Tracking trends around deaths and the players' card market
45:00 - Finding under-the-radar rookies for Hall of Fame players who aren’t fully appreciated
55:40 - Maybe the best thing for the hobby is that it doesn’t keep going up infinitely? Parallel fatigue and wax pricing is going to become a major issue.
56:30 - The lottery aspect of buying wax has turned into irresponsible gambling.
1:01:20 - There is something similar happening in the card world that we’re seeing in the sports betting space.

Sports Cards Nonsense is your home for all things sports cards and collectibles. Tune in Monday and Thursday to SCN, Tuesday to Nonsense on Ice, Wednesday to The Gordy Bonker Show, and Thursday to The Hobby Handbook. Whether you're a vintage card collector, love Pokémon cards, have a sports card collection, or all of the above, we have you covered.

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14 Comments

@SocialistTokes 9 days ago

Its very simple: speculation is the future for poor card collectors. If you pc then beautiful- enjoy. The rest of us literally have no choice but to see and predict what the market cannot. Its gambling. It can be rewarding and often not.

*The "sports journalists" are pushing narratives about every team to maximize interests. They want to fill stadiums, sell merch, get ppl betting, etc etc. I encourage everybody to do your own investigation on these players before investing. There are distinct patterns of successful players.

@Frutigeraer0_0 9 days ago

keeping counterfeits out....is the next biggest elephant in the room ....they look really really good and willl only get better

@baseballcardcurmudgeon 8 days ago (edited)

Ethan Osier was a video and analytics intern. He was never a MLB scout or minor league scout, talent scout or cross checker. Please correct what Seth says when he says Ethan “was an MLB scout”. Thanks kindly.

@mikethibault31 5 days ago

Regarding scarcity, I like to refer to the two ends of the spectrum as, “manufactured” versus “mother nature”. I will, 100 times out of 100, buy the card that is scarce based on mother nature, not manufactured.

@johnscamardo2145 7 days ago

with PSA in question being sued and graded cards in question. the same is happening in comics and sad to see people seeing all the greed going crazy and eventually see all the money spent on grading being worthless.

@SocialistTokes 9 days ago (edited)

Your theory feels off. I bet the base cards of junk wax become obsolete and the "artificial scarcity" serial number cards become must-haves. Based on your general logic that is the expected outcome,correct? How can vintage become priority when there's countless cards of them while there are better players being produced in every sport today with one of one's? Even with parallels and 18 superfractors of said player it's better than thousands produced of one card..

Also the growing population of the world must factor in to this equation since it's a global market.

@SocialistTokes 9 days ago

Grade does not make a card scarce - rarity does.

Example: Why grade a one of one?

@clayhoward1623 5 days ago

The 1933 Babe Ruth Goudey cards are way under priced! buy the #144 Iconic.

@FDLrick 5 days ago

SGC preferred from 1888 thru 1915. 1916 thru 1941 SGC/PSA doesn't matter. 1947 thru today is PSA then SGC.

@ATXJackJack 5 days ago (edited)

Wish you had sent him a message to quick lifting his hands and putting them back down on the desk lol. Mic picking it up constantly was driving me nuts…

@RatedRookie 8 days ago

Excellent interview with the professor!

@DoubleDvintagebaseballcards 9 days ago

I enjoyed this conversation 👊🤙🤙

@Lou-zb2nx 5 days ago

Good video, but the guest honestly lost a ton of cachet when he said he has a “method”and didn’t expect a legitimate 5 tool player with the accomplishments and abilities of a Beltrán to make the Hall of Fame. How do you collect Hall of Fame players and have a method of operation and yet can’t recognize a Hall of Fame player.

@angelbabycards3595 9 days ago (edited)

Cc: FYI/FYR
But, get this: ' As things have turned out: 'Seems, that: ' Just about Everybody, that bought the 1996 Fleer Metal, Kobe Bryant Card, is [ Actually, buying the 2nd Generation issued Release, of the exact same Card, but [ The Original Adidas Brand Shoe Bottoms, Kobe actually wore in 1995-96, were [ purposely Trimmed by Fleer at the very last minute] , - so as to make the Shoe appear as just black shoe tops, but in fact, they are the Top Portion, of The ' Original Adidas Brand Shoes, sans the Adidas Licensed Bottoms; ' ( The Adidas Elevation, EQT Shoe; the immediate 'Original Shoe Kobe Actually Was Wearing; ' The [Predecessor], of the Famous, Adidas Crazy 8 Wavy Bottoms, as seen, on ' The Original Card, which I own, showing the EQT bottoms; -and ' Boy, is it a Beauty' ; yet another controversy.

* The Rationale: ' I seem to be one of the Few, that owns 'The Original Card.' ' Have owned it since 1998...' It lives quietly in my Company Vault..'

* 'My AI is calling It, a True " Grail Card, and said: ' Yes, that is clearly the full image of the full Adidas Elevation EQT Shoes Kobe wore in Spring, 1996; you're right, ' Then 'It explained why..' It began; i.e., - showing Me, the 'very photos of the shoes Kobe was wearing; plus him wearing, the ..'The Lakers, Blue Jersey, with the 8 Number. Yup, I said; those were the photos that inspired the Adidas Elevation EQT Shoes as clearly seen in my Card. Correct!

Hope this helps. Peace ✌️😊❤❤❤