Thread: How Long Before Hedge Funds Control The Rare Card Market?
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Old 10-19-2007, 12:50 PM
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Default How Long Before Hedge Funds Control The Rare Card Market?
Posted By: Jay

Barry--Funds invest in all kinds of unregulated areas so I don't think that's an issue. What is an issue is market depth,lack of price discovery and high transactions costs.

Bruce--I believe the 2% figure that you have thrown out is low, and not by a trivial amount. That would mean that in a typical $10 million Mastro auction board members purchase only $200,000 of the total. That is not just low, it is crazy low.

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