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john/z28jd It may be so that they can afford to lose a little money but thats still now thousands of people who have overspent on this card. One guy bought 50 of them for $1900...thats a huge loss! If these things drop to $10 each he losses $1400+ ebay fees, if they go back to the $2 level they were selling for(and not getting bids at) from just a few days ago then he takes an $1800 loss. I doubt thats why he bought them. I also doubt that anyone who paid that much was thinking they better buy them at an inflated rate before they drop down to normal levels. Even the richest person can afford to wait a couple days for prices to go back to normal,they didnt get rich by wasting money.
All of these people bidding this much are uneducated when it comes to cards,and in this case its a simple knowledge of topps press runs(which can either be had by research or an educated guess) coupled with the rule of supply and demand.In this case you know theres a high supply of them,so you wait till the demand dies down. Topps even gives people a hint as to rarity that should make them step back for a second and think it out. They have gold cards which are harder to find than base cards.They list how tough it is to find a gold card,then they tell you how many they have printed and in this case its numbered to 2007. Albert Pujols,who is one of the most popular players also has a gold card #'d to 2007 and they sell for an average price of $5. That should give you a hint of where Jeter will be when this craze dies down and there will be alot of people who will feel bad when they find out everyone else they know has this card and some people paid 1/50th what they did