Quote:
Originally Posted by oldjudge
Dan/Packs--price, as you know, is a function of supply and demand. This is a rare piece, but there are countless one to five of a kind 19th century items. Virtually no one, including members of this board, knew the name of one player on this team before the CdV was found. The world record for a CdV price was a LOT less than this prior to this sale. I would contend that the demand for an item like this above a price of say $20,000 is negligible. This guy, who knows virtually nothing about 19th century material, paid more than any knowledgeable 19th century collector, with the means to easily purchase this item, was willing to pay. If you don't think this is a crazy transaction, or at least one that deserves more scrutiny, then I would suggest that you need to rethink the facts.
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Jay, I know there are very few people with as much knowledge of the 19th century issues as you and a few other guys here, and I appreciate that, but when it comes to one of a kind items, an auction setting and a widely publicized item I don't think anyone can predict what that items sells for. Is it worth less than what he paid for it? Possibly...does the sale deserve more scrutiny? Not in my opinion...clearly there was a lot of hype here.