Quote:
Originally Posted by Shoeless Moe
It's not great for the hobby.
It's great for sellers and auction houses and holders of Ruth, Wagner & Mantle.
It's pretty awful for collectors.
They have just found out they will never get certain cards...and possibly all levels, PSA1 thru 10.
Now that being said collectors HAVE to adjust their mindset and go to Authentic, Altered, Miscut, etc. If they want these cards. It's still the same card, just a lot worse shape, kind of like your wife when you first married her.
You still love her, she just ain't Mint10 anymore, get used to it, live with it.
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I understand your perspective but I do not think that every card in grades 1 - 10 will now jump up because someone spent 12.6 on an over graded 52 Mantle. The huge money that has poured in has been on elite caliber cards that guys like you and me were never going to be in the market for. Does this mean that a 54 T Snider in PSA 6.5 will be unattainable?
The market overall has already seen huge appreciation over the last 2 plus years. And like many things that go up they can go down and back up again. For most cards, prices are down sharply from where they were at the highs, yet we still have at least 2 people who did not care and slugged it out for the 9.5 Mantle. Sales of T206 Wagners have gone through the roof too. If you are referring to those cards, you are right. Most collectors are SOL. But they have been SOL well before the sale of the 52 Mantle in the 9.5.
Bottom line is that nothing stays the same. Change is inevitable. Adapt or be left behind. I have made my choice.