Ryan’s logic all makes sense. The only thing I would question is whether or not PWCC was the actual owner of the card. I think more likely that it was owned by a BIG consignor and PWCC conspired with them to get the best price possible for it. So again, no BP, tax, shipping, etc. All they had to do was look the other way and the consignor keeps the card each time, including the initial sale, which could have easily been bid up by a hobby “friend” in order to establish a baseline price.
I understand that prices were crazy at that time but I attribute that to other big cards such as the ‘86 Fleer Jordan PSA 10 getting the same kind of treatment, not just collectors/investors spending wildly. Once the foundation was laid with enough BIG cards being manipulated, then I think the FOMO factor started to kick in and things just took off from there.
Last edited by bcbgcbrcb; 11-11-2023 at 01:51 AM.
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