I was talking to one of my consignors on the phone a couple of days ago, and
he mentioned that he thought many prices were down in recent months.
Of course, much of this can be attributed to the overall economy. Clearly
some people are short on money, and others are just being cautious with
their money. Also eBay has made such a mess of their listings that they are
likely bringing far fewer new collectors into the hobby than they did in
years past.
I have been buying and selling collectibles for 44 years now, and
*EVERY*time overall prices have been depressed (due to external
reasons, like a
poor economy, or a massive collection coming on the market), it has proven
to be an excellent buying opportunity.
I have been looking at WHO is buying the better quality items in my
auctions, and who are the underbidders, and it seems like a lot of the most
savvy and longest time collectors are doing a lot of buying (or trying to do
a lot, but are getting outbid), and that would seem to say that they agree
with me and are trying to find bargains while prices are somewhat depressed.
I also notice that the prices of much lesser items (those that auction for
$1 to $20) are mostly extremely depressed. I attribute this to people being
far more selective in what they buy, choosing to pass up items that are in
lesser condition or of low desireability, even if they are dirt cheap (and
they may be getting to spend the money they would have spent on better items
instead).
Anyway, I am betting that one more time this will prove to be a time when
people look back and think "Why didn't I buy more when many decent items
sold for reasonable prices".
What do *YOU* think?
Bruce
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