PSA 7 Koufax now a 3K card??

[ls7plus]

Originally Posted by Exhibitman

Whoa, that is a lot of them. I don't think I will pony up with that many out there.

Mark my words, Adam. These types of items will be cyclical over the long term for exactly the reason you have stated. They are at the price level they are simply because the hobby is growing by leaps and bounds re the number of collectors and the focus is on the key cards of the '50's and '60's. That focus will change over time, just as it has with coins and collectible cars. The number of examples in existence, once the focus does shift, will prevent linear appreciation, since demand will shift with it. When demand diminishes, so does the price with items that are not that difficult to find. Like coin cycles involving truly desirable items, while the value will trend downwards, it will likely remain above the level it was when this cycle began. Buy rare and significant in an area where the market is presently quiet, as coin collector John J. Pittman did. Pittman could never afford the true "trophy" type coins, but ended up with a collection that sold for between $30 and $40 million in the course of several auctions after his death in the '90's.

Happy collecting,

Larry