I do think on the more modern stuff, supply has finally been brought out to match or sometimes overwhelm demand. So we are definitely in a correction period. For instance, Classic Auctions has 54 Gretzky rookies this month! Today the past few years there would be 3-10. so prices still strong but no way they will hold up except maybe the ultra high end where rarity still might exist. The grading backlog and time it takes for supply to catch up definitely fueled the runup.
Perhaps the 40-60% retracement in crypto prices is affecting the silly money a little, for now, as well.
NOT seeing 54 Wajo portraits in one auction, though supply of prewar is up a fair bit, too, on the less rare stuff. The expense of grading will keep a lid on the supply as well.
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