Quote:
Originally Posted by mrreality68
Hi
I think all the big time purchases do have a trickle down effect. What happens is these big purchases
1. Creates excitement and buzz and creates News and publicity about the card collecting industry
2. Demand for cards increases at all price levels
3. As Supply declines because of both new collectors making purchases as well as when the high end supplies dry up the next level of cards becomes the supply that is available for purchase so people scramble for those thus increasing the value
4. More people are purchasing cards as long term investments so also taking cards off the market (just as collectors who had cards for a while are selling to make a profit) now these cards are bought and removed from the market place with new collectors/investors
Every Market Spike in Collections we have seen over the years had a market correction to a small degree but always higher then the start of the spike and then with time restarted to go up again.
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You are certainly entitled to your opinion and reasoning but, personally, I have not seen 2-4 on your list when a card like this Wagner is sold. Memory Lane just sold several elite cards that made headlines everywhere. I saw no jump in prices, etc as you have described. The excitement, imo, is limited to the excitement of collectors who can buy dozens of 50K plus cards or even as many 1 million dollar cards as they want. Prices and demand on those cards rise but not the rest of the market.