Quote:
Originally Posted by Rhotchkiss
My gut is that most people buying these Wagners have the money to do so. They are not buying with borrowed-money and they are not hoping to quickly flip. If thats correct, it would create a floor to any loss in value, as its less likely a mass dumping of Wagner cards will occur by those who recently bought them.
I am not sure how much higher they could go (although I suspect there is still room yet to run), but I do think their new values are here to stay.
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With money saved and invested/gained during the pandemic, perhaps high wealth buyers are getting into this ‘investment vehicle’ (given the tide floats all boats concept-related to the recent $2MM Restored Wagner T206), or upgrading to nicer versions of their existing cards (eg REA’s M116 blue portrait is a VERY nice 1, with 80 bids with no end in sight currently at $25K with buyer’s premium). If buyers have doubled or tripled or more their current Wagner’s value in a year or more, they can afford to sell off what they don’t want.