63 Rose PSA 7

[Stonepony]

Originally Posted by Peter_Spaeth

I suspect some legit people get caught up in the manipulation, as they always do in pump and dump schemes.

Could you give some examples of iconic cards which were similarly bought up at extraordinary prices and then dumped causing a price collapse ?
I'm not suggesting it's not happened, I'm just interested in some examples at the prices we're currently talking about( I'm not interested in $100 cards that are now $2)

[Peter_Spaeth]

Originally Posted by Stonepony

Could you give some examples of iconic cards which were similarly bought up at extraordinary prices and then dumped causing a price collapse ?
I'm not suggesting it's not happened, I'm just interested in some examples at the prices we're currently talking about( I'm not interested in $100 cards that are now $2)

It hasn't happened yet because these mega moves (doubling in days) tripling in weeks) within a generally rising market (which I think is legit) are a fairly new thing. But just my opinion. If you want to spend 6k on a plentiful card that was available two weeks ago for 2k, go for it.

[Stonepony]

Originally Posted by Peter_Spaeth

It hasn't happened yet because these mega moves (doubling in days) tripling in weeks) within a generally rising market (which I think is legit) are a fairly new thing. But just my opinion. If you want to spend 6k on a plentiful card that was available two weeks ago for 2k, go for it.

It would be interesting to list a few such cards in a thread " time capsule" which could be visited in 2-3 years to see how they're holding up

[Republicaninmass]

The kid certainly pumped up prices on the 1952 Bartirome, there aren't any for sale, and people who need them are bidding them up to try and just have a copy before they are "gone". The question is, is he going to sell at the top, or is Tony is "father's brother's nephew's cousin's former roommate" or what have you?

[irv]

Originally Posted by Republicaninmass

The kid certainly pumped up prices on the 1952 Bartirome, there aren't any for sale, and people who need them are bidding them up to try and just have a copy before they are "gone". The question is, is he going to sell at the top, or is Tony is "father's brother's nephew's cousin's former roommate" or what have you?

Only one I could find, and it's Dean's cards.

http://www.ebay.com/itm/1952-Topps-3...192?rmvSB=true

[begsu1013]

we live in a very different world than we did a few moments ago...

[Peter_Spaeth]

Note the overlap in top bidders with the PSA 7 now at 4K and counting on ebay.

[stlcardsfan]

Lot of speculation about other hobby run up as well here:

http://boards.collectors-society.com...369196&fpart=1

Guess people think the economy is healthy again and that is when bubbles are created. I think that is what we are seeing here.

[irv]

Originally Posted by Republicaninmass

The kid certainly pumped up prices on the 1952 Bartirome, there aren't any for sale, and people who need them are bidding them up to try and just have a copy before they are "gone". The question is, is he going to sell at the top, or is Tony is "father's brother's nephew's cousin's former roommate" or what have you?

I noticed that as well. When you see them, even ungraded copies, they are up there!

Originally Posted by stlcardsfan

Lot of speculation about other hobby run up as well here:

http://boards.collectors-society.com...369196&fpart=1

Guess people think the economy is healthy again and that is when bubbles are created. I think that is what we are seeing here.

Just read a bit of that and had no idea other hobbies/collectibles were following, (or we're following them?), card collecting.

[ALR-bishop]

Ted-- LOG has a signed one in current auction. Wonder if the hoarder will want it