It's possible that many people look at past sales, which they base their decision on how much money to spend. I was looking at buying a rare and cool photo on eBay and did some quick research on it to find out it was bought a month ago in an auction for 1200. The seller wants close to 10k now. I'm sure he is flexible on the price, but it's hard to pay that kind of markup in that short time frame.
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Love Ty Cobb rare items and baseball currency from the 19th Century.
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