Posted By:
identify7Chad: I agree with you that the premium for rookie cards appears out of line with their value, however, since the demand supports this pricing, we are both wrong.
That is ok by me. The same is true for many items encountered daily, including some automobiles, beers, clothing lines, etc. However, there are some who actively collect rookie cards. And I have to admit that a presentation of a player's first and last card (or first and "in his prime" card) does make an attractive and interesting collection.
Mark: I can not dispute the fact that if a card maintains its value or increases, then the initial price paid for it is justified. The same is true for all investments, parimutual betting, home purchase and other situations in which you seek appreciation.
But without a time machine, it is impossible at any point in time to know if you purchased a card at its peak in value. In the case of E107s though, their rarity, position in the chronology of sets issued, and relatively unique appearance indicate to me that the set is likely to be a strong performer.
The preceeding is my opinion only.
The Conspiracy Theory postulates:
It is entirely possible that the bidding on E107s which we are witnessing now is simply a ploy. As such, its intent could be to drive up the prices of the Wagners, Mathewsons and other cards already hoarded by the bidders.