Primarily Petroliana Shop Talk Forums Shop Talk Petroliana Forums General Petroliana Discussion How will $ crisis affect our hobby?

My 2 cents: high quality items will always command high prices. They may level for a while as the buyer pool may experience a reduction.

Mid range to low end is and will continue to take a hit. The majority of average to advanced collectors buy low to mid range items (300-3000). These are the people who have lost 40%+ of their retirement investments and need those investments to retire comfortably. Couple that with ineviteable advances in inflation and inability to borrow money the result will be that discretionary spending will certainly tighten a great deal.

There should be opportunities in a distressed market from baby boomer collectors nearing retirement who sell to supplement their 401k losses.

My immediate philosophy is cash is king and be patient (buying and selling). Wait for potential opportunities. After the "bottom" the low end (Dino's, Apco's, rough signs, etc) may never revive in the sense that there may be a greatly reduced buyer/market for lesser value items.

[This message has been edited by okoil1 (edited 10-09-2008).]