Posted By:
Jeff LichtmanSteve, great point.
Now imagine that the two whales that were battling it out for the card had checked VCP out beforehand and noticed that the card had just sold for $900 -- and that made them comfortable that a $1000 bid would be at least within the realm of value. But what if the $900 sales price was in an auction in which the consignor had his associate in his law firm pump up the bids in order to get a greater result? Or the auctioneer used the bidding ID of some 80 year old woman who worked in the company to shill the card as well? Now the value of the card is fraudulently set in perpetuity.
The point is that there are a myriad of possibilities beyond just the removal of one whale from the hunt which serve to artificially inflate the value of our cards in our collections. At some point, I'm afraid, the music will stop and we'll all be left holding very overvalued plastic.