File This Under Buyer Beware

I get it, Stephen Strasburg is hot all around the hobby. Pulling one of his autos out of a box of 2010 Bowman is equivalent to a nice payday for most people. Its gotten to that level, as seen by some recent sales/presales of his cards from the product. However, cards like this one dont fall under prospecting anymore, as the prices are are so high that I cant condone anyone even thinking about buying now.

For those of you who dont get it, Prospecting is the practice of buying unproven players at low prices and selling them after call up for higher ones. Most good prospectors focus on a handful of players that they find to have good potential to make the big leagues, and then buy a few lots of their cards to grade and then stash for their big debut. The key focus of this practice is taking advantage of a team’s fans looking to buy the rookie card of the most recent addition to the squad. Buying low, selling high(er) is the mantra, and whoever thinks that paying this much for Strasburg is going to get them any money back on a prospecting investment is going to be sadly mistaken.
I realize that buying these cards may actually be more about the A) rarity of the card or B) popularity of the player for a team that has NO ONE else, but I actually believe a lot of these huge spikes are from buyers who think they are about to get in on the next big thing before it (he) happens. The problem with that is pretty easy to explain, especially considering who the first pick in this year’s draft is going to be, and which team he will play for. First, Strasburg plays in a black hole of hobby value, as Washington is a terrible place to invest any money. Look at players like Ryan Zimmerman. Like Bradford with the Rams, the Nationals are terrible, and I doubt that will change anytime soon. Strasburg could end up like Tim Lincecum and put together a few Cy Youngs, but the Nationals have a much smaller following than the Giants. Add in that Lincecum’s cards are still selling at relatively the same price as Strasburg’s are now, and you have to wonder what the odds are that they are going to end up at similar platforms of performance.
Rather than being the next Johan Santana, Strasburg could also end up like Mark Prior, as fire-ballers have more of a propensity to burn out quickly. Because of this fact, there is zero reason to invest now while things are as high as they are rather than later when he has a few years under his belt. If Strasburg had lower sell values and didnt cost a car payment to obtain, it may be a little different.
This is a similar situation with Starlin Castro and Jason Heyward, as both players have played above their pay grade for the first few weeks of the season. People are using this small sample size as an indicator of of things to come, which has led to huge prices. Im not saying that either will or will not continue on the pace that they are on, just that it isnt worth spending hundreds now when they are at their peak.
I remember when Adrian Peterson hit his peak after his NFL record rushing game. It was a feeding frenzy of people trying to get in on the 84th floor rather than the ground floor. I had been buying Peterson cards as a Vikings fan all year, and all of a sudden I was faced with triple prices from people who were trying to invest. His values have remained high, but no where near where they were. This is a guy who has been one of the best at his position since that time frame, what about those that havent replicated that initial success?
Strasburg could have a great career, but he may also have a junk career. Investing in him at these prices is way too big of a risk to take, especially with Bryce Harper coming along next year. There is always a next big thing, but there have only been one Albert Pujols and one Alex Rodriguez. If it were 20 bucks, hell, go nuts, but this is a TON of money. Buyer beware.

Karma Is A Bitch

This past weekend, I spent some time in Las Vegas with my wife for a well deserved mini-honeymoon. While I was there, walking around the forum shops at Caesar’s Palace, I walked by Field Of Dreams. There, on a huge banner, the shop proclaimed that Pete Rose was signing there today. Stupidity got the best of me, and I walked in thinking that I would have a shot at a free autograph from one of baseball’s greats.

Before I move on, let me tell you a little about Field of Dreams. The shop chain was started back when people were still buying 1987 donruss under the assumption that they would be worth something 20 years down the road. That meant that these mall based stores could buy up tons of product and autographs and sell them to investment craved consumers who had no fucking clue that they were being ripped off. 20 years later, the cards are worth less than the cardboard they are printed on, and the autographs are more expensive than ever. Ill give you an example, to purchase a signed jersey and autographed helmet from Adrian Peterson, you would need just under $5000 at field of dreams. On eBay, you could purchase both for under $600. Considering that most shops have a markup of 10-20%, it still doesnt come close – for unauthenticated stuff, at that.
Back to my story, I walk into the store and look around. NO ONE is in line for Pete, and I think its my lucky day. Then I see the prices. $100 for a ball, more for other stuff, no inscriptions. The store is covered in Rose signed memorabilia, and Pete is sitting at his table eating a sandwich and watching horse racing on closed circuit from the casino. I immediately walked over to the counter and inquired about the situation. To my amazement, Rose was there every thursday through sunday signing whatever people want for exhorbitant prices. How nice.
I guess when you fuck over every single one of your fans, your team, and your sport, its only fitting that you end up in Vegas at a mall signing to keep the lights on. Karma is vengeful whore, and you better bet that things are going to come around eventually. Kind of makes you wonder though. Pete Rose was the best hitter ever. Period. Bonds is the best home run hitter, but he did it by cheating. Rodriguez is cut from the same cloth. Where will they end up? Hopefully it will be a similar situation.