Where do you see the hobby going in future years?
#715593
Fri Aug 24 2018 06:36 AM
Fri Aug 24 2018 06:36 AM
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Joined: Aug 2018
Posts: 121 Reedsburg,Wi,USA
Jhaas63
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Petro Enthusiast
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OP
Petro Enthusiast
Joined: Aug 2018
Posts: 121
Reedsburg,Wi,USA
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I realize that we probably aren’t objective on the subject but what do you think will happen with the value of all our signs, oil cans, pumps, etc. in the future years? I’m not talking the next 5-10 but more like 20-30-40 years from now? I also collect classic autos and wonder about those too. It’s hard to imagine that one day these things will be worth very little because they will always be apart of American history, automobile history, advertising history, etc.
When I go to car shows, I notice that a lot of the people in attendance are probably in their 50’s, 60’s,70’s and 80’s, the majority probably in their 60’s. Are the baby boomers driving up the prices of a lot of this stuff because they want it, are probably retired, have money and these items are from their generation (for the most part)? What happens when they are gone?
It’s not that I am looking to sell my collection but it’s comforting knowing that you can at least get out the money you have in if you really needed to, assuming you didn’t overspend when you bought them. Just curious on your thoughts!
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Please - NO offers to Buy or Sell in this forum category
Statements such as, "I'm thinking about selling this." are considered an offer to sell.
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Re: Where do you see the hobby going in future years?
[Re: Jhaas63]
#715594
Fri Aug 24 2018 06:46 AM
Fri Aug 24 2018 06:46 AM
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Joined: Oct 2007
Posts: 3,269 Mass
KZ1000
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Prices have gone up up up since i started back in the 80's, but in all reality they have to peak sometimes, these items will always be sought after but if your paying the extremely high prices some are selling for these days I personally dont think youll be making any money on them in the future.
"Remember, history that is forgotten is doomed to repeat itself!"
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Re: Where do you see the hobby going in future years?
[Re: KZ1000]
#715595
Fri Aug 24 2018 07:17 AM
Fri Aug 24 2018 07:17 AM
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Joined: Aug 2011
Posts: 1,687 Cataula, Georgia, USA
Catauladave
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I believe that they will go the same way as jukeboxes did in the 90's. When the current baby boomers die out and those that follow will not put such a high value on Petroliana. You will always have "collectors", but prices will stabilize, and then decline. It is just a feeding frenzy in certain areas now. Things will settle down. Dave
Dave Jones It's All Just Stuff
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Re: Where do you see the hobby going in future years?
[Re: Jhaas63]
#715605
Fri Aug 24 2018 08:29 AM
Fri Aug 24 2018 08:29 AM
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Joined: Sep 2007
Posts: 2,321 Hillsdale, Michigan
DWSheffer
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I've shared with several collector friends that I'm glad I bought the bulk of my collection when I did, before the current trend. I'm not afraid to say I doubt I could afford to replicate even half of my collection at today's prices if I just started collecting. I guess being that I collected years ago, I still find it hard to justify today's prices. This has curbed my collecting quite a bit, plus the fact that I have limited room left for additional items. While I still love petroliana and always will, after collecting as long as I have, I lost the "gotta have it all" attitude that I once had. I know another will come along, at a price I'm willing to pay.....at least this way there's always something to look for and eventually acquire. I personally feel it will be some time though before the prices really come down. When we did the "how old are you" poll, seeing that about half of respondents are age 40-60 if I remember correctly, it will be another 30-40 years IMO before we see a huge decline in overall interest. What we collect appeals to several genres of collecting, so it will always hold some appeal. And remember, QUALITY over QUANTITY will always be the smarter road to take. Darin
Darin Sheffer Always looking for Mobil items I don't already have!
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Re: Where do you see the hobby going in future years?
[Re: Jhaas63]
#715610
Fri Aug 24 2018 09:29 AM
Fri Aug 24 2018 09:29 AM
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Joined: May 2012
Posts: 1,468 Michigan, Union Pier
Done4
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Gosh, I had this conversation at swap meets back in the 80"s and most of us agreed that they couldn't go much higher. Shows you what we knew.
As said the good stuff will demand that someone will have to step up for those who want it. I think it's safe to say this hobby will always have an audience that wants to collect it but at what cost, I have no idea. Remember we thought prices couldn't go higher.
I'm not an auction guy but have been watching more to see if there are any trends, I just get surprised. Much of what I see is prices/value have pushed many out and also forced them to pay a lot money for less condition wise items. I just can't see the prices to keep climbing but I do see they have been pretty steady over the past few years. So 30 years from now, don't ask me I don't know and I won't be around to worry about it or be surprised.
As said, just glad I started when I did, but at that time we were collecting for the love of the stuff not as an investment.
Have gas all the time
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Re: Where do you see the hobby going in future years?
[Re: Jhaas63]
#715613
Fri Aug 24 2018 09:44 AM
Fri Aug 24 2018 09:44 AM
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Joined: May 2005
Posts: 4,265 Illinois
Cold Pizza
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The mere fact that auction houses are asking 10% from both the buyer and seller and getting it,tells me this hobby has legs well into the future.
Collecting Vintage Sunoco
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Re: Where do you see the hobby going in future years?
[Re: Cold Pizza]
#715616
Fri Aug 24 2018 10:19 AM
Fri Aug 24 2018 10:19 AM
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Joined: Sep 2007
Posts: 12,513 So. Ca.
advertologist
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The mere fact that auction houses are asking 10% from both the buyer and seller and getting it its more like 20% too 23% .. ... 
RANDY
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Re: Where do you see the hobby going in future years?
[Re: Jhaas63]
#715656
Fri Aug 24 2018 11:36 PM
Fri Aug 24 2018 11:36 PM
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Joined: Nov 2000
Posts: 7,426 St. Louis, MO, USA
Jack Sim
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Dave Jones mentioned above, how about jukeboxes? Also how about Model T Fords, soda machines, cash registers, phone booths. Keep in mind, many guys collect what they remember, only some of us want to go way back to everything in the hobby.
Jack Sim
Author, 1st & 2nd editions of Gas Pump ID book, 3rd edition is now available at www.gaspumpbible.comAir Meter ID book also available
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Re: Where do you see the hobby going in future years?
[Re: Jhaas63]
#715669
Sat Aug 25 2018 10:25 AM
Sat Aug 25 2018 10:25 AM
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Joined: Jul 2007
Posts: 1,401 Plover, Wisconsin, U.S.A.
Jolly-John
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Yes, Jack....and add postage stamps, beer cans, all but the rarer sports cards, beanie babies, and many pre-1960's (at this point) toys to the list of very strongly-priced hobby collectibles that have experienced significant price downturns from their highpoints.
Whether it references the stock and bond investment markets, OR the collectibles area, I've learned to be leery of the thought, "Don't be concerned, It's different this time".
Please note: These comments reflect my personal opinion, and should not be construed to be a personal "attack" on anyone or anyone's comments on this subject. Only after the passage of time (maybe five to ten years) will we know the answer to any question about the future of our hobby. John
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