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SCI'm sure, all things being equal, there are less buyers in a down market for a piece like a Wagner than in a hot market. There are simply fewer people able to spend six figures on a baseball card.
But considering how rare they are - it doesn't take many people to move the market. It's not a very well established market, so it's difficult if the card sells for 20% less to determine if that is natural market fluctuations or a correction.