Quote:
Originally Posted by Rhotchkiss
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 hobby/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 hobby/industry.
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Agree w/you on this, Ryan but also believe there can be more than one market in this hobby. I'd imagine higher end, rarer stuff will always have the super wealthy chasing just like people chasing low to mid grade tobacco cards. I won't get into my opinions of that as it wasn't your original question.
Doing well over here! Currently on a 60 day vacation between things. Giving me a chance to thin the herd of doubles! Very much needed to do it!! Hope you're well, too!!