will anyone be able to purchase a koufax 7 @ $1750....

[Peter_Spaeth]

Greg, the centering admittedly is not great on this example, but I think it still illustrates how much the market has dropped from that spring/early summer peak, when many thought we would never see certain price levels again.

[irv]

I was watching this one last month and thought, wow, this sure is a far cry from the $80,000 this card (another graded 8) received back in the summer!
It was said, money didn't likely exchange hands on that one, (something I still don't understand?) but that was the final selling price.
http://www.ebay.com/itm/1955-Topps-1...vip=true&rt=nc

[botn]

Originally Posted by Peter_Spaeth

Greg, the centering admittedly is not great on this example, but I think it still illustrates how much the market has dropped from that spring/early summer peak, when many thought we would never see certain price levels again.

Absolutely centering hurts this example but it demonstrates a huge market correction because examples like this were bringing 4K during the summer.

[iwantitiwinit]

As individuals realize prices are beginning to drop they will rush to monetize whatever they can. The price drop will most likely then accelerate before eventually stabilizing. Wouldn't be surprised to see a psa 7 drop below $1000 within the next 6 months.

[mechanicalman]

Originally Posted by iwantitiwinit

As individuals realize prices are beginning to drop they will rush to monetize whatever they can. The price drop will most likely then accelerate before eventually stabilizing. Wouldn't be surprised to see a psa 7 drop below $1000 within the next 6 months.

My guess is the exact opposite will happen. Instead of a massive sell-off, I bet many will hold on to their cards, restricting supply, and therefore stabilizing prices.

[glynparson]

Lol. Only if the economy is in the toilet. No way does a Koufax 7 unqualified drop below a thousand. I can see below 2000 but the card is not going to be 60% of the pre run up price.