It's a market I watch as well as I own a 4. I think there are a couple of factors contributing to the softening online sales. I think the fevered pitch buying with crazy prices is coming down to earth is due to a fairly finite pool that are willing to pay big money for that card. Population wise, it sits around 1,275 graded, so not widely available, but not super rare either. PWCC tanked the market in the spring when they had 3 PSA 4's in the same sale, closing at the same time. It made no sense to me, but it definitely brought prices down. What you are left with is folks who are looking for well centered, well registered examples, which in the leaf world are tough to come by. So for those looking to buy, not concerned about he eye appeal, it's probably a great time to grab the card. Those looking for pristine examples, will pay closer to the bar that was set in the summer, as a smaller number of those are available, and folks seem willing to pay up to get them. All that said, I did talk to a dealer at the National who said that he had sold a PSA 2.5 on the first day for $26k cash. Without seeing the card, I don't know if my theory holds water or not.My two cents, and WAY out of my piggy bank.
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