Quote:
Originally Posted by GasHouseGang
This really has the feel of a price bubble that is driven by speculation. I don't see how this can continue. I'm afraid someone is going to end up feeling foolish.
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It won't continue. Prices don't advance in the manner we've been seeing in a true collector's market. The investors will by and large eventually pick up and leave, with the smartest of them selling for a nice profit, and the others scrambling to break even or worse. The market for the limited focus items they drove up will then descend to what a legitimate collector, in the hobby for the long run, would pay for the items. Same thing has happened repeatedly in coins, and within the last decade or so, in the field of classic car collecting. The good thing is that some of them will indeed like what they've bought, weather their losses, and stay and learn more about this wonderful hobby. On the plus side, it is a good time for knowledgeable collectors to sell what the investor types are buying!
Best wishes,
Larry