Quote:
Originally Posted by obcbobd
What I mean is that many people who buy a a card at $15k or so, are just doing to sell it at a profit in a few years. Others, collectors like myself, while not investing, use the fact that the card will appreciate in value to justify the purchase, I may do the same in 3-4 years to finish a few sets I am working on. :-)
I think there are very few people, who buy a $15k card with no plans to sell at a profit, meaning they value the card at that price. I'd love a CJ 14 Cobb, and could pull money out of my Fidelity account to buy it, with out hurting myself too much financially, but I just can't see doing it. Perhaps the world has passed me by
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I dont understand the point of these comments. Yes, collecting or investing or whatever you want to call it has gotten expensive. But dont tell us you are a “pure collector” because you only buy at lower prices than others. When you collected and bought cards for years, you ALWAYS bought at a price you thought would be good value. Didnt you bargain for prices at times? People paying $15k and up (and there are LOTS of them now, every major auction has tens of cards like that) believe that is good value. I for one dont buy them hoping to sell them higher in any foreseeable future, if I were to pay a high price for cards. To say those people are “investors” and you are a “true collector” is nonsense to me.