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#18
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Who's to say that the bulk of the money is coming in from individuals? The secrecy of auctions makes that hard to substantiate. There is a lot of cash held in private equity firms, and it may be that they are market participants as they are looking for high rate of return investments. No evidence of collusion to drive up prices, either. I think that, like any market, there will be a severe correction as supply outstrips demand, and even the vaunted Mantles will take a hard fall. When price growth is following an exponetial trend, watch out!
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"Baseball Bob" Successful transactions with ecRich, HTBB, MPeich, Pencil1974, JLoewke, Darkhorse9, Therajah, eb548, Cards 2121, etc. |
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