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Posted By: David Smith

Andrew,

Maybe the "idiot" is planning on using the cards as a tax write-off (buying them now at a high price and selling them later at a lower price).

Also, maybe that person is laundering money. Back in the 1980's, I heard drug lords were buying high priced automobiles (Ferrari's) at ridiculous (sp?) prices and then selling them later at a loss. This was just to launder their money and make it look legitimate. Later, some "investors" noticed the sharp rise in some Ferrari prices and started buying thus creating a frenzy. Then, the drug dealers were bying cars and then legitimately selling them for a profit. So, they got away with laundering money AND making a profit at the same time.

I don't know about the laundering money part but I DO know that I tried to get my Mom and Step-Father to buy a couple of run-of-the-mill Ferrari 330 GT 2 + 2's in 1986 ot 1987. The sellers were asking $16,000 or $17,000 for them. Unfortunately, my parents passed on them. A year later, those same cars were selling for $35,000 in the same condition. They could have just sat in the garage and doubled in price in a year.

Maybe with card and memorabilia prices going through the roof, some drug or other criminal aspect is buying them because they remember what happened in the late 1980's with cars? I mean, a few years ago, paying high prices for sports memorabilia would have opened some eyes but now, it is common place and not as likely to have law enforcement looking into it.

David