Quote:
Originally Posted by darwinbulldog
I suspect billionaires don't care about baseball card ROI. Not that they aren't investment conscious -- just that a card of Wagner or Cobb, however its price moves, is going to be pretty inconsequential relative to just buying the Pirates or the Tigers.
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You don't think that the guy who paid 738k each for two Michael Jordan RCs cares that he can buy them now for around 160k? There has been a pull back on a lot of cards recently. Modern has dropped dramatically, post war vintage, a little. Billionaires aren't going to blindly bid in this environment when they see what happened to those who did in the last few years. If this was Ruth, Wagner or Cobb, you can justify going hard after something you want. For a common player, I think recent trends do come into play.