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#8
01-12-2005, 11:56 AM
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How Rare is Rare?
Posted By: Jay Miller
I think the point is that what makes a card rare is an extremely low population of existing specimens. This is in contrast to valuable where there is a considerable discrepancy between supply and demand. To assemble a $10 million portfolio of rare cards is certainly doable. What is probably not doable is assembling a $10 million portfolio of specific rare cards. In other words, in the universe of say $100 million in rare cards (don't argue with the number it is just for illustrative purposes) some percentage of the owners of those cards would be willing to sell those cards at a price. Similarily, some percentage would not sell their cards at any price. My guess is that someone could assemble $10 million of those rare cards without having to pay more than 2X value(not catalog). 
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