10K for a Young portrait in a 5

[mechanicalman]

Originally Posted by Peter_Spaeth

We learned nothing from 2016 prices, it seems. People defended off the charts prices then and will defend off the charts prices now.

There are lessons to be learned, for sure, but I don't believe the premise that a 5-figure Cy Young 5 is akin to a 6-figure Clemente 8.

[Snapolit1]

I think there are fewer players in the deeper end of the pool than people appreciate. If two or three of them decide there is something they must have prices can go nuts very quickly. Same thing if some extraordinary rich dude decides he wants to start spending money on cards with both hands. I think the introduction of new rich guys - who don’t know about historical valuation and really doesn’t give a whit - can really change things quickly.

[ullmandds]

Originally Posted by Snapolit1

I think there are fewer players in the deeper end of the pool than people appreciate. If two or three of them decide there is something they must have prices can go nuts very quickly. Same thing if some extraordinary rich dude decides he wants to start spending money on cards with both hands. I think the introduction of new rich guys - who don’t know about historical valuation and really doesn’t give a whit - can really change things quickly.

This is certainly a possibility...as are other scenarios.

[MichelaiTorres83]

Originally Posted by Snapolit1

I think there are fewer players in the deeper end of the pool than people appreciate. If two or three of them decide there is something they must have prices can go nuts very quickly. Same thing if some extraordinary rich dude decides he wants to start spending money on cards with both hands. I think the introduction of new rich guys - who don’t know about historical valuation and really doesn’t give a whit - can really change things quickly.

I have spent time ensuring I didnt overpay to find the perfect card at the perfect price only to find out i waited so long... so perfectly that the prices went up that if i hadnt done so wrt to the price i would have came out ahead. Pull the trigger is my motto at this point on THE card. If you have to wait out the justification....eh. No problem. I am a collecter.

[Peter_Spaeth]

Originally Posted by mechanicalman

There are lessons to be learned, for sure, but I don't believe the premise that a 5-figure Cy Young 5 is akin to a 6-figure Clemente 8.

Sam, the 2016 run up involved plenty of cards in 4 and 5 figures. I'm not sure what's happening now -- I was quite sure back in 2016 because it was so obvious and pervasive -- I only note my skepticism when cards suddenly go off the rails.