T206 Honus Wagner SGC 3 What is the Over/Under

[mrreality68]

Originally Posted by Lorewalker

I don't think the final selling price will influence the average collector's spending habits. Will it move the needle on some Wagner issues...possible but I did not really see much ripple effect on the previous Wagner sales that took place earlier this year. I do think it gives elite collectors more confidence in the market but not sure the impact is the same on the rest.

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.