Day Late and a $ short / Missed the Boat

[pokerplyr80]

Originally Posted by Republicaninmass

Clemente sgc 7 dead centered bought for 2k in 2006. swore it had a shot at PSA 8. Disappeared when contractors worked at the house. Never has appeared and might not!

I missed out on this "clementomania" by about 5 hours. I bought a PSA 7 for 5,500 a few months ago because I felt it was under valued. I was feeling pretty good about myself when I accepted an offer over 11k about a week ago as my plan had worked. Not more than 5 hours later pwcc sold a similar but nicer psa 7 for 25k. A couple of days later 8s had went from 60k cards to 125k and 7s had jumped from 10k to 25-30k.

[mechanicalman]

Originally Posted by pokerplyr80

I missed out on this "clementomania" by about 5 hours. I bought a PSA 7 for 5,500 a few months ago because I felt it was under valued. I was feeling pretty good about myself when I accepted an offer over 11k about a week ago as my plan had worked. Not more than 5 hours later pwcc sold a similar but nicer psa 7 for 25k. A couple of days later 8s had went from 60k cards to 125k and 7s had jumped from 10k to 25-30k.

Wow. I haven't really followed the Clemente hysteria, so these numbers are mind-blowing. Question to those who have been in the hobby longer than I have (4 years now): have you ever seen anything like this?

[pokerplyr80]

I think a card of this magnitude doubling in value overnight is unprecedented. When I accepted my offer it broke the VCP record and my card wasn't even centered. I obviously had no idea what was about to happen in the next day or two. A change like that lends some credibility to the argument that the market is being manipulated.