Quote:
Originally Posted by Exhibitman
The interest in a $350K card is about as relevant to the overall health of the hobby as the price of a custom mansion on the beach is to prices for tract homes 100 miles inland.
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Adam, i disagree with this statement. Indeed, I think its very relevant and think this sale could serve as a canary in the coalmine for the broader asset class/industry.
Whoever is buying this card is either doing so purely as investment, is a super wealthy collector who we must assume has the financial cognizance to know if they are making a poor financial decision, or some degree of both. In other words, the bidders on a high-grade, high-profile, expensive card like this is, and know they are, making a financial decision when they decide to place a bid they hope wins the auction. This is not a T206 Wagner, BN Ruth, Just So Young or something super rare -- this is a full commodity card. I think the hammer price on high-end commodity cards are very relevant to values across the asset class/industry.