Quote:
Originally Posted by Johnny630
I’m July 2021 this card, see link below 51 Bowman Mantle PSA 8, sold in Memory Lane For $498,000. 6 months later it’s now up for sale again in Leland’s what will it sell for now?
True collectors don’t do this on big Cards, These people don’t care about the cards they care about making money on fools,its been a big Game.
Doing this on high grade eights in Mickey Mantle Rookie‘s 51 Bowman its driven every grade price to the higher level pushing it up in all grades. The money is being made by these guys on the lower grade cards based off the sale and many others like this. The 51 Bowman Mantles in 3’s and 4’s should never sell for $20k like they did last year, it’s been very interesting to watch
See pics and Link Below ….investors set the price is this market. How long will the investor stay in the this game ??
https://auction.lelands.com/bids/bidplace?itemid=107698 |
No, the dealers set the prices, and many of them use every advantage, gimmick, or trick they can to make as much as possible. The idea of all boats rising with the tide to me is tied back to and has a lot to do with how price guides, like Beckett's or SCD, started proliferating everywhere in the marketplace, infusing the idea that card prices were all tied together and more or less based off what a NM version of that cards would sell for. What was it, VG was like 25%-30%, EX 50%-60%, something like that. But now these extremely high condition cards, many better than NM in a lot of cases, are being used as the new base to start figuring these condition price percentages. I never felt these very rare, high condition outliers should be used in setting the price of that same card in a lower grade, but they very often are. It isn't always the case, but I feel that kind of thinking is very pervasive in the hobby, and is exactly what the flippers and those potentially trying to manipulate the market are hoping for.