flyhighguys94

The Current Situation of the Secondary Market

260 posts in this topic

I am not saying that those $10 lowball offers on eBay aren’t ridiculous. They are. But so are many of the asking prices of the sellers.

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A while back I finally recognized that pretty much all hobbies are money sinks, and this one is no exception.  The slow expense trickle of shipping and patches.  The fact that putting a kit on a jersey does not increase a jersey's value by what you spent on the kit. (hey, just like home improvement!)  The resale penalty for having to be the first to own a new jersey design.  (hey, just like buying a new car!)  And I don't even get into specialty auctions...

After I realized this, I was a lot happier with my collection.  Every purchase decision now includes the question, "are you ok with not getting your money back on this?"  Sure, I still want to minimize my losses, but I was miserable when that was my primary concern. 

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11 minutes ago, furiousd said:

A while back I finally recognized that pretty much all hobbies are money sinks, and this one is no exception.  The slow expense trickle of shipping and patches.  The fact that putting a kit on a jersey does not increase a jersey's value by what you spent on the kit. (hey, just like home improvement!)  The resale penalty for having to be the first to own a new jersey design.  (hey, just like buying a new car!)  And I don't even get into specialty auctions...

After I realized this, I was a lot happier with my collection.  Every purchase decision now includes the question, "are you ok with not getting your money back on this?"  Sure, I still want to minimize my losses, but I was miserable when that was my primary concern. 

Bingo. You summed it up perfectly.

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3 hours ago, lhg39 said:

I am not saying that those $10 lowball offers on eBay aren’t ridiculous. They are. But so are many of the asking prices of the sellers.

That's true, and sometimes sellers are just taking a shot. I once offered $50 on a blank Trenton Devils ECHL jersey that was listed for $200. It was probably worth more than $50, but it was also not worth $200.

My offer was accepted nearly immediately. Of course, $50 was closer to FMV than $10 would have been. 

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10 hours ago, lhg39 said:

Too many people treat their jerseys as if they are investments. Aside from certain game worns, this is not the case, Even if they were investments, not all appreciate or even hold their value. Too many want to get back what they paid or make a profit. There is no logical reason that a used retail jersey should be worth more, or even as much, as it was when it was new; unless it is a particularly rare style. Same goes for game worn/issued jerseys of common players. My opinion is that too many here have unrealistic expectations.

Good post.

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7 hours ago, furiousd said:

A while back I finally recognized that pretty much all hobbies are money sinks, and this one is no exception.  The slow expense trickle of shipping and patches.  The fact that putting a kit on a jersey does not increase a jersey's value by what you spent on the kit. (hey, just like home improvement!)  The resale penalty for having to be the first to own a new jersey design.  (hey, just like buying a new car!)  And I don't even get into specialty auctions...

After I realized this, I was a lot happier with my collection.  Every purchase decision now includes the question, "are you ok with not getting your money back on this?"  Sure, I still want to minimize my losses, but I was miserable when that was my primary concern. 

And this^^^

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Agreed with everything posted. Hobby has definitely grown since I got into it a few years ago but, even with the new collectors everyone is looking for a steal cuz once upon a time they saw a similar jersey go for less than your “outrageous” asking price  

Only thing I will add is that sometimes it’s just a matter of timing. I’ve had jerseys listed for months with no action and then someone will BIN at asking price without even making an offer. But overall the market has become flooded for retail authentics. Don’t know the gamer market 

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Not that Facebook is home to reasonable behavior on the whole but there are signs there that the market is awful. I'm seeing a lot of good stuff stagnate and a few collectors trying to hit the eject button on the hobby. Normally I don't put too much stock into the "I'm out of the hobby" posts but there have been a handful of "I'm scaling back my collection and just looking to really focus" posts. 

Part of it is experiential, too many jerks in too many groups. But part of it is what we're observing here. Too many jerseys and too many of us who are taking losses because of that excessive supply. 

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30 minutes ago, Dr_Puck said:

Not that Facebook is home to reasonable behavior on the whole but there are signs there that the market is awful. I'm seeing a lot of good stuff stagnate and a few collectors trying to hit the eject button on the hobby. Normally I don't put too much stock into the "I'm out of the hobby" posts but there have been a handful of "I'm scaling back my collection and just looking to really focus" posts. 

Part of it is experiential, too many jerks in too many groups. But part of it is what we're observing here. Too many jerseys and too many of us who are taking losses because of that excessive supply. 

Been seeing a lot of that lately too.

About a month or two ago someone had a Dallas Stars Nieuwendyk for under $1K I believe and that still sat for a while.  Couldn't believe it.

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I'm hoping that target holds for me with a certain Joel Otto jersey in the next month...

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