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#1
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I don’t think your point jives with Rick’s. He said that people are buying a bunch of Green Cobbs and then selling them for substantial profit. So how is “hoarding” creating an artificial “price point” if the hoarders are selling at a higher price?
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#2
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The greater fool theory
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"Trolling Ebay right now" © Always looking for signed 1952 topps as well as variations and errors |
#3
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Rick said holding/hoarding OR reselling. In other words they are depressing the available supply and trickling them out at an inflated price.
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My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ He is available to do custom drawings in graphite, charcoal and other media. He also sells some of his works as note cards/greeting cards on Etsy under JamesSpaethArt. Last edited by Peter_Spaeth; 04-15-2018 at 06:37 PM. |
#4
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Peter, it was mentioned that there are display cases of 20+ Green Cobbs offered at the National by these “hoarders.” And they’re selling. How is that trickling out supply?
Last edited by mechanicalman; 04-15-2018 at 06:46 PM. |
#5
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I am just trying to interpret Rick's words, I have no idea about the Green Cobb market. Though if they're all priced to the moon, then they might as well not be for sale at all, unless you're someone who is price inelastic and just has to have one.
__________________
My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ He is available to do custom drawings in graphite, charcoal and other media. He also sells some of his works as note cards/greeting cards on Etsy under JamesSpaethArt. Last edited by Peter_Spaeth; 04-15-2018 at 06:48 PM. |
#6
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I am just trying to replay Rick’s words (hi Rick), not interpret them. At the end of the day, he’s right, there are tons of guys who buy cards at auction and then offer them up at the National at significant markups. A bunch of guys on this board do it. And it must work, because it keeps happening. Not for me as I’m purely a collector, but as a capitalist, I can’t begrudge someone else for doing it.
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#7
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Didn't a member show a pic a few months ago of a couple dozen green Cobb's he's hoarding?
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#8
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Yeah, that’s mr rareback. Don’t know him personally, but I think he’s just generally buying a bunch of Cobbs. To own. For a long time. I don’t get the sense he’s trying to manipulate price as he’s said in posts that nothing is for sale. But he can speak for himself if he wishes.
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#9
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Green Cobbs
PSA & SGC, combined, have Encapsulated over 1,100 T206 green portrait Cobbs. I don’t think anyone could possibly be buying enough of them to actually create a “hoarding” scenario. For the record, while the price of the green Cobb has drastically escalated, its only those somewhat scare “dead-centered” and rich green background examples that are realizing the super high price tags.
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#10
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Green Cobb is hot alright...nice looking 2-2.5 over 5K...already in REA?
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#11
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Quote:
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#12
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One dealer at the National mentioned that he buys all the Green Cobb's he can by bidding high. It is a very popular card with plenty of demand to start with. I definitely believe if two, or even one dealer with deep pockets speculated and bought all they could it impact the supply and create hungry buyers. A PSA Cobb PSA 2 being at 6k in only 2 days of bidding is hard to believe
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#13
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As Peter mentioned it is creating a price spiral. The hoarding causes greater demand and the price keeps going up. If dealers or collectors decide they no longer want to keep buying them, the price will go down. Cards that get very hot typically cool off. Can't say for sure, but right now it looks terribly overpriced.
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#14
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Quote:
__________________
My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ He is available to do custom drawings in graphite, charcoal and other media. He also sells some of his works as note cards/greeting cards on Etsy under JamesSpaethArt. Last edited by Peter_Spaeth; 04-15-2018 at 07:03 PM. |
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