Quote:
Originally Posted by MCyganik
I'm new to the high-end auction game so I'm probably wrong, but isn't a lot of this stuff, especially cards, cyclical? Unless a certain card or memorabilia piece falls into a die-hard collectors hands (which many do), an investor will buy it, sit on it for a couple of years and let it appreciate in value and then resell.
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In many cases that's exactly what happens. Sometimes people sit on it for 3 months and they buy and immediately list in next big auction. There is a Joe Jackson card that has been in 20 auctions in the last 4 years.
Ina my experience the turn around quickly sell strategy doesn't work so well. If you were the guy wiling to pay the most in January, many times you will take a loss in June.