Chris,
I agree:
The prospect of hoarding the examples of a card one has stashed is easy enough to envision. Doing this to cause a price increase is easy enough to envision. “Cornering the market” is a method employed by many who have come before us.
Typically, this is embarked upon to increase the value of one’s holdings. And I completely understand this investment strategy. What escapes my understanding is the rationale behind destroying one’s holdings for the sake of increasing the value of an investment portfolio. Simply put, you can’t sell them if you burned them.
Many early hoarders of Gregg Jefferies have likely gone down a similar path, tearing up his cards like so many losing lottery tickets or tossing them into the recycling bin with the rest of that late '80s crap.
Doing this solely with an eye towards increasing the value of said card, though; in my humble opinion, is paradoxical. After all, how could one realize a profit through such an act?
A case could possibly be made that destroying the lower grade examples would be similar to a farmer thinning the crop for a better yield. Having said this, I still do not see the economic gain to be had here.
My personal opinion is that the T206 Titus hoarder has a higher purpose.
Best Regards,
Eric
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Eric Perry
Currently collecting:
T206 (135/524)
1956 Topps Baseball (195/342)
"You can observe a lot by just watching."
- Yogi Berra
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