Vintage basketball card prices have been on a roll of late, fueled by speculation and demand for some of the hobby’s most prized possessions from the past.
The boom in values has been fairly widespread throughout most of the vintage sports card market, but the flame seems to have really been held to basketball card values.
Why the increase in basketball card prices? It’s hard to pinpoint an exact reason, just like it’s hard to tell you why Pets.com was one of the most loved stocks at the height of the stock internet bubble in 1999.
Momentum can be a funny thing. Using stock prices as an example, once that excessive demand builds in something that everyone wants to own, the underlying valuation of the item at hand tends to get thrown right out the window.
It’s a lot easier to put a value on a stock then it is a basketball card. With a company, you can evaluate the profits relative to the company’s value and growth prospects to determine if a company’s stock is over or undervalued.Read More...