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#11
05-03-2005, 11:33 AM
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THE BIG BUYERS IN OUR HOBBY
Posted By: barrysloate
To reply to PASJD's post- I agree completely that any commodity is only worth what someone is willing to pay for it at that moment in time. But I think it is implied in this thread as well as the related one that if what somebody is willing to pay tomorrow is a lot less than they are willing to pay today, then a lot of investors would not be happy. However, those who conversely can't afford today's prices but want to build a vintage collection would be happy. If the two or three collectors who were willing to pay a quarter million for a 1914 Babe Ruth dropped out of the hobby and the next time it appeared it sold for less than half, is that good or bad? I'm not saying that is what I think will happen, but just asking. 
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