7am - Goodwin still going

[oldjudge]

Peter--yes....but what are you really talking about when you say supply and demand. It's not just the absolute number of buyers and sellers. It is also a function of the aggressiveness of the buyers and sellers. Buyer aggressiveness can moderate quickly when bubbles burst. Supply and demand caused Tulipmania too.

[Sean]

I must be missing some bit of pop culture knowledge. What is Tulipmania?

[barrysloate]

Originally Posted by Sean

I must be missing some bit of pop culture knowledge. What is Tulipmania?

In Holland, I believe in the 1600's, exotic tulips began to sell for huge sums of money, and it started a mania. People began paying king's ransoms for the most exceptional examples. And then in the blink of an eye, when everyone suddenly realized how silly it was, the market went poof and the tulips became worthless.
The tulip craze is now a metaphor for prices skyrocketing without rhyme or reason.

And I agree with Jay. The supply of these things may be small, but if they go out of favor one day, the prices will plummet. Not saying it will happen, just that it could.

[Sean]

Thanks Barry.

[mrvster]

than the rare backs should follow suit

tulipmania and t206 printers scrap metaphor is not relevant unless you apply that to all the rarities in baseball

[barrysloate]

Originally Posted by mrvster

than the rare backs should follow suit

tulipmania and t206 printers scrap metaphor is not relevant unless you apply that to all the rarities in baseball

There are some similarities and some differences Johnny. One thing they have in common is skyrocketing prices. The factors that lead to those increases arguably could be different.

[oldjudge]

The big difference is that one was made to be issued and the other to be thrown away.