Some people like living in denial...I mean:
-overinflated grades
-preferential grading
-shill bidding
-phantom bidding
-psa registry
Sure you can say all u want that as long as people are willing to pay whatever price...these ridiculous prices are warranted...and that the shill bidding really doesn't matter because if I was willing to pay 1K...who cares if a card was shill bid up to 950...even though it may only be worth $500.
All of these deceptive practices that overinflate card grades...that overinflate sales prices...cannot and will not proceed forever.
There are a lot of wealthy "collectors" out there who are fueling this situation...and this is not likely to change anytime soon...BUT...it has been shown that when 2 people want a card...prices can go crazy...and as soon as 1 of those buyers obtains the card...the next sales prices tends to be a bit lower.
If PSA goes down...or is forced to admit that they have in fact participated in preferential grading...in overinflating grades...when other major auction houses ARE implicated in deceptive practices and are taken to task...the shit will hit the fan and will have an impact on the hobby!
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