3 Ty Cobb Lucky 7's just showed up on EBay.

[pokerplyr80]

Originally Posted by rhettyeakley

Peter, I think we understand Whales just fine and know that sometimes people pay crazy prizes for things.

Given all the circumstances, past sales figures, etc. it really just defies logic to me that a card, like Dan said, would multiply in price many times while the known population just increased by 50% with a single find. Where did the 1-2mil price even come from? Did the seller just pull that # out of thin air as there is no precedent for THAT card to get THAT money.

Honestly, it doesn't bother me one bit if someone spent that or not and everyone keeps running around saying things like you just did that they "know" it happened (I guess I need to find richer hobby friends to hang out with ) & I have no real reason to doubt it I guess but I am really having a hard time understanding the "why." I understand better the nicest going for a lot but the other 3 that supposedly sold are the ones that really leave me scratching my head as to why.

A PSA 1 sold for over 150k more than a year ago. The market has completely changed since then on a lot of high end cards, especially the most expensive ones. I would have expected that same PSA 1 to sell for more today, not to mention a 2.5, 3.5, or 4.5.

50% is a pretty big increase in terms of a percentage of a population, but apparently the demand for this card is far greater than the supply.