Quote:
Originally Posted by Bored5000
I don't know that pointing to the most iconic card in the hobby really makes much of a point. A real Honus T206 will sell for huge money, no matter what holder it is in.
When people think that the value of high-grade PSA cards will fall. they are referring to 8s, 9s and 10s, not Wagner T206s in a "2" holder.
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In my view if the card world was imploding demand for all cards would decline. You would have a real shift in the demand curve and all prices would be lower. I just don't see it. The David Hall auctions did extremely well. If you look at completed listings from PWCC you wouldn't know there was an issue.
https://www.ebay.com/sch/i.html?item...g=200&_fosrp=1
Here is the link to their completed sales. If there was a bear market you would see it and you don't.
In the same Mile High auction there is a 58 Topps Mantle PSA 9 that is at nearly 19k. I don't have VCP and looked at the SMR and they have it at $22k and the only sale I saw was from 2014 and it was just over 21k.
The Mantle PSA 8 that most on this board screamed was shilled and how disgusting that a zero feedback bidder won. The person has a feedback rating now of 1 and has only bid on one item.
I think this is just going to be another round of disappointment for those that don't like PSA and grading in general.
PSA's stock was supposed to implode and instead has screamed north and is up nearly 50% since the story broke. Their sales are through the roof and their backlog is the largest in company history. It is hard for me to see a scenario where this turns on a dime.