Rea! Rea!! Rea!!!

[Peter_Spaeth]

Originally Posted by mechanicalman

I don’t think your point jives with Rick’s. He said that people are buying a bunch of Green Cobbs and then selling them for substantial profit. So how is “hoarding” creating an artificial “price point” if the hoarders are selling at a higher price?

Rick said holding/hoarding OR reselling. In other words they are depressing the available supply and trickling them out at an inflated price.

[mechanicalman]

Originally Posted by Peter_Spaeth

Rick said holding/hoarding OR reselling. In other words they are depressing the available supply and trickling them out at an inflated price.

Peter, it was mentioned that there are display cases of 20+ Green Cobbs offered at the National by these “hoarders.” And they’re selling. How is that trickling out supply?

[Peter_Spaeth]

Originally Posted by mechanicalman

Peter, it was mentioned that there are display cases of 20+ Green Cobbs offered at the National by these “hoarders.” And they’re selling. How is is trickling our supply?

I am just trying to interpret Rick's words, I have no idea about the Green Cobb market. Though if they're all priced to the moon, then they might as well not be for sale at all, unless you're someone who is price inelastic and just has to have one.

[mechanicalman]

Originally Posted by Peter_Spaeth

I am just trying to interpret Rick's words, I have no idea about the Green Cobb market. Though if they're all priced to the moon, then they might as well not be for sale at all, unless you're someone who is price inelastic and just has to have one.

I am just trying to replay Rick’s words (hi Rick), not interpret them. At the end of the day, he’s right, there are tons of guys who buy cards at auction and then offer them up at the National at significant markups. A bunch of guys on this board do it. And it must work, because it keeps happening. Not for me as I’m purely a collector, but as a capitalist, I can’t begrudge someone else for doing it.

[PiratesWS1979]

Originally Posted by mechanicalman

Peter, it was mentioned that there are display cases of 20+ Green Cobbs offered at the National by these “hoarders.” And they’re selling. How is that trickling out supply?

Didn't a member show a pic a few months ago of a couple dozen green Cobb's he's hoarding?

[mechanicalman]

Originally Posted by PiratesWS1979

Didn't a member show a pic a few months ago of a couple dozen green Cobb's he's hoarding?

Yeah, that’s mr rareback. Don’t know him personally, but I think he’s just generally buying a bunch of Cobbs. To own. For a long time. I don’t get the sense he’s trying to manipulate price as he’s said in posts that nothing is for sale. But he can speak for himself if he wishes.

[Vintageclout]

PSA & SGC, combined, have Encapsulated over 1,100 T206 green portrait Cobbs. I don’t think anyone could possibly be buying enough of them to actually create a “hoarding” scenario. For the record, while the price of the green Cobb has drastically escalated, its only those somewhat scare “dead-centered” and rich green background examples that are realizing the super high price tags.

[ullmandds]

Green Cobb is hot alright...nice looking 2-2.5 over 5K...already in REA?

[RedsFan1941]

Originally Posted by Vintageclout

PSA & SGC, combined, have Encapsulated over 1,100 T206 green portrait Cobbs. I don’t think anyone could possibly be buying enough of them to actually create a “hoarding” scenario. For the record, while the price of the green Cobb has drastically escalated, its only those somewhat scare “dead-centered” and rich green background examples that are realizing the super high price tags.

excellent points. anyone who thinks that 20-30 cards of any t206 cobb is a "hoard" doesn't understand how many t206s exist.

[Peter_Spaeth]

Originally Posted by RedsFan1941

excellent points. anyone who thinks that 20-30 cards of any t206 cobb is a "hoard" doesn't understand how many t206s exist.

But in the short term, the "float" isn't that great, not that many are for sale, so it is possible for a few people to buy most of the ones that come on the market or at least most of the ones meeting certain criteria.

[ricktmd]

One dealer at the National mentioned that he buys all the Green Cobb's he can by bidding high. It is a very popular card with plenty of demand to start with. I definitely believe if two, or even one dealer with deep pockets speculated and bought all they could it impact the supply and create hungry buyers. A PSA Cobb PSA 2 being at 6k in only 2 days of bidding is hard to believe