Quote:
Originally Posted by Casey2296
There was a modern guy buying a lot of Wagner portraits during the recent run up, I think he ended up with about 15 of them. Doesn't take much to move that needle up other than money, tends to create a false market with some of these pre-war cards.
|
That's pretty amazing, and makes me wonder how many attempts at market manipulation have gone on over the years, i.e., buying up all of certain cards for a period to drive the price up, then parceling them out in various auctions over a succeeding period to realize a profit. Of course, this would take resources, planning, discipline, and some guesses as to the prices of what cards might benefit from this type of market bending, but isn't that how a lot of traders in different commodities do it? And in this day of computer algorithms and AI, who knows what advanced skills in those areas might help in this kind of pursuit? At the very least, it's a good guess there are many young folk thinking about and perhaps working on it.