10K for a Young portrait in a 5

[Throttlesteer]

Originally Posted by Peter_Spaeth

Right. In a market like this where people rely heavily on historical prices, you just need to be able to manipulate the price, not control supply. In 2016 plenty of people started to panic and pay insane prices for cards fearing they would go even higher.

One of my favorites, a Koufax RC in an 8 for 80K. Right.

http://goodwinandco.com/LotDetail.as...entoryid=33087

Even more disturbing was the disingenuous writeup.

Koufax.

Be Prepared for Return on Investment.

Koufax rookies are among the hottest cards in the hobby today. Demand is outpacing supply on a consistent basis and the market has reacted. Prices at auction continue to escalate provided the condition is at the highest level. And at a PSA 8, there aren’t many examples that exceed this magnificent offering. In fact, 15 PSA 8.5’s are known, to go with 22 PSA 9’s and 3 GEM MINT 10’s.

For the discerning collector or the profit-driven investor, this card should be an automatic. The Koufax rookie card’s climb has been as remarkable as Koufax pitching at Dodger Stadium on a hot summer day. We expect the day to come very soon, when Koufax rookies at PSA 8 will be selling well in excess of $200,000 and perhaps as $250,000. If you’ve ever contemplated a Clemente rookie, we strongly encourage you investigate this card.

I wonder how many green Cobbs these guys had

[RiceBondsMntna2Young]

Originally Posted by Rhotchkiss

...
PSA 5 Sale: $3,608 (PWCC, 6/8/16) (a 113% increase)
Cy Young, PSA 5, sold for: $10,010- Prior Highest PSA 5 Sale: $4,000 (PWCC 9/8/15) (a 150% increase)
...

I'm only on page 9 of the thread, so maybe this point has been raised already but is it really that outrageous that bids would be double what they were 3 years ago for some of these cards? I collect Barry Bonds and his 86 Tiffany have more than doubled in that time. 2016 marked the end of the trough for those cards, a trough that began in 2008, the last time the stock market overheated.

[rats60]

I don't know if this has been mentioned, but maybe those guys who have been telling us to invest in the stock market and not cards are tired of taking a beating in the market this year and have decided to invest in top tier t206 Hofers.

[ls7plus]

Originally Posted by rats60

I don't know if this has been mentioned, but maybe those guys who have been telling us to invest in the stock market and not cards are tired of taking a beating in the market this year and have decided to invest in top tier t206 Hofers.

Could very well be--indeed, could very well be. Hard assets (traditionally but not limited to gold) have often been viewed that way during stock market downturns. Often times, though, in our hobby, they find they like what they obtain and stick around as real collectors!

Best wishes,

Larry