The "business" of cards

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Posted By: Cat

As I am reviewing the December SMR page by page, I notice a PSA 8 M101-5 Babe Ruth card up for sale in the December Mile high Card Co auction (page 12). When I get back to Sotheby's/Sports Cards Plus advertisement, which identifies the prices witnessed from the most recent auctions, I see the same PSA 8 M101-5 Babe Ruth card (page 156). I faintly remember the auction when this particular card sold and I am quite sure that it was some time in this calendar year (my point being that it was recently sold and bought). That auction ended at $120,000 for that card. I point this out only by way of example. Some years ago, I used to believe that the high demand/high dollar cards were purchased and archived into collections and those cards were never seen again until one of us died. It just seams that a lot of the high demand/high dollar items are actually bought/flipped and bought/flipped and bought/flipped.

Any comments as to why I see this so often lately is appreciated.