the crazy price thread...

[Leon]

I understand acquiring the best card you can with the resources you have but it just seems crazy to pay 100x more than what this card cost, for the same card with just a little less wear.

[begsu1013]

agreed. gorgeous card!

edit: but then we'll be eating these words next month/year?!?!

[Leon]

Originally Posted by begsu1013

agreed. gorgeous card!

edit: but then we'll be eating these words next month/year?!?!

Thanks, if I am going to dabble in post war I want to at least have decent looking cards. And Next month it will be 125x as much.

[begsu1013]

i like the way you use the word dabble w/ that rose and mantle! ; )

cant wait to see what happens if/when you decide to dive in head first....

[Leon]

Originally Posted by begsu1013

...
cant wait to see what happens if/when you decide to dive in head first....

I will be divorced after 21 yrs if that happens. Wifey only knows about the '51 Mantle . There is a strategy to my collecting..... I always love the hunt.

[begsu1013]

what does a tornado and a collector's divorce have in common?

someone's gonna lose a mantle.

[Jdoggs]

Amazing the rose rookie PSA 8.5 sale of $41k.
From eBay completed sales a rose rookie PSA 9 sold for $28.9k on May 7 this year and I recall a rose rookie PSA 9 sold for $34.9k a few months ago on eBay completed sales.

[Republicaninmass]

The same thing has happened over and over again in every Artsy Farty collecting community, in so far as investment vehicles I can only speculate.

It gets saturated by people who care about the price tag, and not the item itself. Once they move on, the dead cat bounce is left to the true lovers of the art.

How far down does it go? Who cares unless you need the money tomorrow to pay your mortgage! At some point people will jump in to pick up the pieces.

[1952boyntoncollector]

Originally Posted by Leon

I understand acquiring the best card you can with the resources you have but it just seems crazy to pay 100x more than what this card cost, for the same card with just a little less wear.

It woud suck if you were a ken mcmullen relative or big fan...as it would be really hard to get a high grade rookie card of your great relative..

[pokerplyr80]

A 51 Mays PSA 6 just went for over 15k. Nice centering though.

[begsu1013]

the guy just bought the card on 5/23 as well.

was chasing it, but ended up finding a nicely centered one here on the board.

[pokerplyr80]

Wow that's a pretty nice profit it a week. I'm sorry I missed it the first time. I was out of the running for this one but 6,500 would have been an instant buy.

[GasHouseGang]

This really has the feel of a price bubble that is driven by speculation. I don't see how this can continue. I'm afraid someone is going to end up feeling foolish.

[begsu1013]

i wasn't chasing it anywhere near that price either.

i knew it was purchased last week @ $6500, topped out before the final hour and the high bidder while it was stuck on $8100 had 100% bidding activity w the seller.

i have zero facts but i didn't like the feeling of rewarding the guy after he had already cleared nearly $2k in a week on the card already.

so i wasn't gonna chase it any further, but hot d@mn if that thing didn't skyrocket in the last 20 seconds and blew away my expectations as i thought the guy was gonna end up getting stuck w/ it by being greedy....

shows you what i know.

regardless, it was a beautiful card.

kudos to the seller on that one.

[TheNightmanCometh]

Originally Posted by GasHouseGang

This really has the feel of a price bubble that is driven by speculation. I don't see how this can continue. I'm afraid someone is going to end up feeling foolish.

From a purely selfish point of view I hope it collapses because as it stands there is no way I'm ever going to be able to afford any of these cards, nor if I could would I ever pay that much.

[Republicaninmass]

Originally Posted by GasHouseGang

This really has the feel of a price bubble that is driven by speculation. I don't see how this can continue. I'm afraid someone is going to end up feeling foolish.

The greater fool theory

[ls7plus]

Originally Posted by GasHouseGang

This really has the feel of a price bubble that is driven by speculation. I don't see how this can continue. I'm afraid someone is going to end up feeling foolish.

It won't continue. Prices don't advance in the manner we've been seeing in a true collector's market. The investors will by and large eventually pick up and leave, with the smartest of them selling for a nice profit, and the others scrambling to break even or worse. The market for the limited focus items they drove up will then descend to what a legitimate collector, in the hobby for the long run, would pay for the items. Same thing has happened repeatedly in coins, and within the last decade or so, in the field of classic car collecting. The good thing is that some of them will indeed like what they've bought, weather their losses, and stay and learn more about this wonderful hobby. On the plus side, it is a good time for knowledgeable collectors to sell what the investor types are buying!

Best wishes,

Larry

[ls7plus]

Originally Posted by Leon

I understand acquiring the best card you can with the resources you have but it just seems crazy to pay 100x more than what this card cost, for the same card with just a little less wear.

+1 there--buy the card, not the holder! These new investor types seem to know just enough to be dangerous.

Best to all,

Larry