Baseball Card Industry DECLINE
Posted: September 30th, 2009, 4:27 am
The Baseball Card Industry is in a Serious Slump
http://onthescene.blogs.foxnews.com/200 ... ous-slump/
Industry experts say card sales have dropped 80% from over a billion dollars in the early 90’s to about $200-million dollars last year. The trend has caused most card makers to shut down, and where there were once 5-thousand card shops in the u-s, today there are fewer than 500. I spoke to industry insiders, retailers, distributors, and collectors to try to figure out what is causing the slide, and lots of factors play into it. Traditional collectors got into the hobby for love of the game, then, over the years, came those who saw it purely as an investment which drove up demand and prices.
On top of that, industry analysts say the future looks bleak because of competition from other card-based games. My son bypasses the sports cards and heads directly for the “magic” and “Pokemon” cards. If he’s interested in knowing more about the giants or a’s or a particular player’s stats – he goes online.
As one collector told me, “I think we’re going to see the cards fade away. I hate to say that, but 20 years from now, people may not know what a baseball card is.”
*****
Sad news for a once great industry.
http://onthescene.blogs.foxnews.com/200 ... ous-slump/
Industry experts say card sales have dropped 80% from over a billion dollars in the early 90’s to about $200-million dollars last year. The trend has caused most card makers to shut down, and where there were once 5-thousand card shops in the u-s, today there are fewer than 500. I spoke to industry insiders, retailers, distributors, and collectors to try to figure out what is causing the slide, and lots of factors play into it. Traditional collectors got into the hobby for love of the game, then, over the years, came those who saw it purely as an investment which drove up demand and prices.
On top of that, industry analysts say the future looks bleak because of competition from other card-based games. My son bypasses the sports cards and heads directly for the “magic” and “Pokemon” cards. If he’s interested in knowing more about the giants or a’s or a particular player’s stats – he goes online.
As one collector told me, “I think we’re going to see the cards fade away. I hate to say that, but 20 years from now, people may not know what a baseball card is.”
*****
Sad news for a once great industry.