April 2, 2012

Collectors lament baseball’s House of Cards

Some baseball cards have become collector’s items. But just don’t count on it becoming a ticket to Easy Street. As Armen Keteyian is about to tell us, a timeless hobby may really be just a House of Cards:

At the Police Athletic League Youth Center in Parsippany, N.J., there’s an irony to be found at the weekly baseball card show started by Mike Gordon back in 1981: The “youth” are missing.

Maybe one or two, says Gordon: “Very few kids.”

Today the show is a long home run from the mid-1980s when a childhood hobby exploded into a billion-dollar-a-year industry, when thousands of collectors packed shows like this across the country.

Now, in Parsippany, it’s just a few white, middle-aged men like dealer-collector Jack Palma.

“It’s definitely an adult hobby,” Palma said. “It’s turned into an adult hobby. I mean they kind of price themselves out of the kids.”

To read the full article and watch a video of the story, click here.