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Over the past couple of months I have watched in a muted amazement at the rollout of a seemingly inexhaustible supply of '52 Topps Mantles, 55T Clemente and Koufax cards from the big AH's, Heritage, REA, Goldin etc. I am no economist, but I have to wonder how long the demand side can keep until prices become inelastic and there is a severe correction. Or when does serious price inflation become a bubble? The wild price fluctuations on say the Clemente card over a short period looks suspicious but who knows. I just have a feeling that the heavyweight players are not that many in number, investors rather than collectors who could pull the plug on their holdings at any time if they become nervous or bored.
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