Health of Asset Class - Over/Under 1955 Topps Koufax PSA 9

[Leon]

I am with Adam on this one. There is probably 1/2 of 1 percent of collectors on this forum, most likely less, that can afford a card like that. I am much more interested in T206 Red Cobbs and Goudey Ruth 144s, in medium conditions, as far as the health of the pre war market.

Originally Posted by Rhotchkiss

Adam, i disagree with this statement. Indeed, I think its very relevant and think this sale could serve as a canary in the coalmine for the broader hobby/industry.

Whoever is buying this card is either doing so purely as investment, is a super wealthy collector who we must assume has the financial cognizance to know if they are making a poor financial decision, or some degree of both. In other words, the bidders on a high-grade, high-profile, expensive card like this is, and know they are, making a financial decision when they decide to place a bid they hope wins the auction. This is not a T206 Wagner, BN Ruth, Just So Young or something super rare -- this is a full commodity card. I think the hammer price on high-end commodity cards are very relevant to values across the hobby/industry.