Quote:
Originally Posted by sportscardpete
$600 Stimulus checks are not causing Jordan rookies to go from $20,000 to $700,000.
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Then what do you think is? It certainly isn't due to Jordan putting up 50 against the Knicks last night.
The rich have cash to burn so they are parking it in collectables - other hobbies - such as muscle car prices - have went insane during this time period as well. The poor are spending the cash as soon as they get it on necessities - but guess who own/sells the necessities? The rich guys!
Personally I suspect there may be tax 'benefits' to holding something small and easily/anonymously exchanged as sports cards in some of these situations as well.