Quote:
Originally Posted by ls7plus
+1. IMHO, the big bucks spenders are NOT purchasing for investment--money is the least of their concerns. They are buying legitimately desirable items, are not concerned with cost, and are simply trying to put together the very best collections possible for purposes of pride and enjoyment.
Happy collecting,
Larry
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You either haven't been reading the board or didn't understand what has been plainly said, imo. They
ARE purchasing for investment.
Put a very high grade '52 Mick out there or a T206 Wags....or many, many of the high grade HOF rookies and there are a LOT of investors.. not buying for collecting and unfortunately they barely know what they are buying except pieces of paper in plastic. The cards are almost secondary to some....AND NOT for enjoyment.
A board member investor who has shown hundreds of thousands of $$ in cards on this board asked another board member, privately yesterday, what a flip was. Not quite a collector I would say.... But maybe what ALL of my friends in the hobby are telling me is wrong. (and many see who is bidding as they are auctioneers)
Don't be foolish, there are a ton of investors in the hobby right now.
ps. Congrats on the CJ Bob...
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