Quote:
Originally Posted by Hankphenom
So you think there are a lot of "wealthy people" that have come into the hobby and have no interest in the cards themselves, or the history behind them, etc? I don't. Surely there are some, and some investor groups, that have come in, as I mentioned in my original post, but I'd guess most "wealthy people" buying cards also have at least some affinity for the cards themselves.
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I’m with you. I suspect that rich people running around buying cards are collectors and enthusiasts first, and hope to make a little money in the bargain as a nice side effect. Or at least not lose too much. But maybe I’m just projecting.
Pure investors with zero interest in the sport or in the underlying cards themselves seem like they could exist, but seem like they would be less likely to buy more than a few nice pieces here and there.
I would cite Ken Kendrick as a great example of this theory. Billionaire with a large and incredibly valuable collection, including THE Wagner. Even if he’s hoping to make some good money on the collection, it’s hard to imagine it’s his primary motivation. And now someone who knows a lot more about Ken and his collection will chime in to tell me how wrong I am.