Omnious sign in market?

[hcv123]

Originally Posted by Snapolit1

Howard - great post. I think like real estate, there is no one market, but as you say different markets serving different interests. It always strikes me that people will cite some crazy ass sales of high end cards as evidence everything is soaring. It's not. A lot of segments of the market have stalled, some have gone down little, and some have dropped a lot. I also think as collectors we overestimate the number of people on the hunt for what we want. Take a really nice card like a $25,000 Ruth Goudey. At any given time there might be 20 people in total looking earnestly to acquire that. Sure, lots of people nibbling around the edges, but really ready wiling and able to pony up $25,000 tomorrow? 10? 12? 8? Less than you might think. And if 5 or 6 sold in the last two or three months or last week, you could see a lot less competition (and drops in prices) develop quickly.

Thanks Steve!

While I certainly stand by my original post, I'm not sure I agree with the 33 Ruth as a good illustration. Ruth (ESPECIALLY the high demand 33 Goudey's) in my experience happens to be a card where I believe there are considerably more people ready and willing to plunk down low-mid 5 figures than any of us would believe. I have bought and sold 33 Ruth's from graded 1's - to graded 5.5's. I am picky about nice eye appeal examples, but have so far, always sold them quickly for strong prices. Now if you want to talk about the high end of the market Like graded 7's and higher in the 6 figure range, perhaps I would join you, but then again, they didn't get to 6 figure cards (with multiple sales) by just a couple of guys chasing them! BTW I do have a #144 PSA 8 on consignment if anyone is looking!