Quote:
Originally Posted by Fred
At what point would you sell ALL or a major part of your collection?
If things continue to escalate, would you sell off your collection if it meant you could buy a nicer home? If you could retire 10 years (or more) earlier? What about just a couple years earlier?
What if you had a card that you paid less than a grand for and now could get $100K for it. Sell it? Hold it?
What IF the collecting community expanded to athletes and other people that have deeper pockets than most of the existing collecting community and you saw the price of cardboard increased to the point where it's no longer a hobby. Do you continue on collecting? Find a different niche which hasn't yet become a part of the "irrational exuberance"?
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A card that goes from $1k to $100k rocketed for a reason, and for a card to have such momentum, whose to say the next trip won’t be $200k, and so forth...
As some stock traders would do, ride your winners and ditch your losers.
And I think there already is a lot of new $ with deep pockets in, that’s what is causing these head scratching rises.