1. Year-by-year average sale price over the last decade:
- 2014: $25
- 2015: $30
- 2016: $35
- 2017: $40
- 2018: $50
- 2019: $45
- 2020: $60
- 2021: $80
- 2022: $70
- 2023: $75
2. Major spikes or drops and their likely drivers:
- 2018: Increase driven by a resurgence of interest in vintage racing and key auctions.
- 2020: Spike attributed to the COVID-19 pandemic leading to increased online sales and interest in sports collectibles.
- 2021: Significant rise during the sports card boom, influenced by celebrity endorsements and the rise of online marketplaces.
- 2022: Drop likely due to market correction following the 2021 boom and overall economic factors affecting discretionary spending.
3. Current market sentiment and projected trajectory:
- Current sentiment is cautiously optimistic, with interest stabilizing after recent fluctuations. Collectors remain engaged, and new entrants are appearing in the market.
- Projected trajectory suggests moderate growth if economic conditions remain stable, but potential volatility if external factors impact discretionary spending.