Quote:
Originally Posted by 53toppscollector
the interesting thing to me when it comes to these ultra rare, insanely expensive cards is the mindset of the person who doesn't own one, wants to own one, and has the money to afford one. they are exceedingly rare, and they dont come up for auction frequently. so, when one does surface, it must take real restraint to not just do whatever is needed to get one. if you can afford $1.3m for a baseball card, you can probably afford $1.5m or $2m or $3m, right? like, if you were the underbidder on this card last night, is your thought "eh, another will pop up soon and I can try again?"
|
I've often wondered why anyone who can totally afford whatever they want--and I mean totally, as in no amount of money they could spend in any sports auction would mean anything to them--stops bidding on something or things they set their sights on. I've decided it must be that at some point, they start feeling stupid for continuing way above what their information tells them an item is worth. But even then, if I was in their position, I think I could fairly easily convince myself that what seems like a ludicrous bid today could likely turn into a good or even great investment over time, given the history of rare stuff in the hobby. In the end, of course, the bidding always stops somewhere, and it's fascinating to ponder "why?"