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T206Collector...collecting art or memorabilia is similar to a pyramid scheme. The $7,000+ spent on a 2009 Babe Ruth figure is only "dumb" when the pyramid falls apart. Given the expectation of diminished value of modern memorabilia (e.g., SLU figures), this looks like money poorly invested. But it only becomes a poor investment if and when that market crashes.
The same can be said of vintage cards, which people here obviously feel more comfortable with given the longer history of value increases over time. But we could all be on a vintage card bubble, too.
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