I’m wondering about two related things: 1) Are members of the group who are buying cards at record prices also selling them? Is there collusion within the group to guarantee certain cards sell at a predetermined level? Using an eBay search, its easy to see recent 1958 Jim Brown PSA 8 rookie sales:
04-24: 4401
05-08: 2199
06-14: 6499
06-23: 17,500
It could be that despite 3 sales within 2 months, there were bidders who thought the 06-23 card was so unlikely to come up again, that 17.5K was a good price. How many of us think that is smart/rational behavior though? Call it rationality or common sense or whatever, but I can’t help but think the 17.5K price tag may have some other purpose. What the end game is, I have some thoughts, but I’m not sure.
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