We've had this same sort of behavior in the past. Think 1980, 1989-94, etc. Remember people 'day trading' stack of 100 Upper Deck RCs and calling us vintage guys a bunch of backwards-looking luddites? Or when PSA was starting up and made up the prices in the SMR while advertising it as truth (see my article in VCBC exposing it) or graded Mastro's Frankencard Wagner (read "The Card"). A bedrock of fraud and deception underlays most of this hobby. The difference I see between then and now is that organized money is coming into this. This is not just a pack of social influencing assclowns pumping and dumping some basketball cards, this is a well-organized, well-funded pack of assclowns reorganizing the entire hobby to maximize their rake at every level from card acquisition to graded card disposition. The 'dump' will come when they take these companies public again. Until that point, the 'market' is going to go up, led by PSA and Goldin and the money men like the ones at Blackstone who bought out Certified Collectibles Group. Or to quote one of their idols:
Gordon Gekko: ...what I do, stock and real estate speculation. It's bullshit. ... I create nothing. I own. We make the rules, pal. The news, war, peace, famine, upheaval, the price per paper clip. We pick that rabbit out of the hat while everybody sits out there wondering how the hell we did it.
Last edited by Exhibitman; 12-22-2021 at 06:56 AM.
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