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Originally Posted by rhettyeakley
I'm pretty skeptical of the supposed prices these have been bringing. I never in a million years thought of a T206 Cobb/Cobb as being a million dollar card (even if graded an 8 or something crazy). I just don't know if I believe that the nicest really sold for somewhere around 1-2mil like is being reported. It wouldn't be too hard to manipulate prices on these and convince collectors to overpay for the subsequent ones. I just can't imagine them selling for anywhere near what is being reported in an actual auction setting.
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Don't know if I agree with this. There are a limited number of collectors that are able to purchase these very high dollar cards. Private sale or not, its what someone is willing to pay that is the true issue. Is it really price manipulation when there is only a single seller, I think not. There is only a single source of supply so it is truly and solely a function of supply and demand. It might be price maximization but I don't think it's price manipulation.