Let's see how far THIS one has fallen! 1958 Topps Jim Brown! Ends tonight!

[Peter_Spaeth]

Originally Posted by parkplace33

I have so many questions about these "purchases" over the last 3 years.

That's the thing. Prices get reported, but if the sale doesn't go through or there are other things making it unreliable, those don't get reported.

[darwinbulldog]

Originally Posted by Peter_Spaeth

That's the thing. Prices get reported, but if the sale doesn't go through or there are other things making it unreliable, those don't get reported.

But that isn't specific to 2020-2022 or any other period; it's just always been noise in the data.

[Peter_Spaeth]

Originally Posted by darwinbulldog

But that isn't specific to 2020-2022 or any other period; it's just always been noise in the data.

Right, but it becomes more of an issue during periods where there is a high suspicion that sales are not real.

[darwinbulldog]

Originally Posted by Peter_Spaeth

Right, but it becomes more of an issue during periods where there is a high suspicion that sales are not real.

My guess is people were less likely to back out of a purchase when they perceived the market was booming (e.g., two years ago) than they are now.

[Peter_Spaeth]

Originally Posted by darwinbulldog

My guess is people were less likely to back out of a purchase when they perceived the market was booming (e.g., two years ago) than they are now.

My guess is that in times like 2016 the market was booming in part because of FOMO created by fake sales. There was a post on Blowout a few years ago that strongly suggested lots of reported sales by PWCC never happened, for example.

[conor912]

I’m guessing the fact that every Bill, Dick and Harry runs an auction and/or a show every single week now might have something to do with it, too. The hobby’s big, but it ain’t that big.

[G1911]

The only thing that surprises me is that the people buying $100K cards need to turn them into liquid cash so quickly in a market that’s falling and continuing to go down. Most cards are at half their Covid peak or less; one might still make a profit or is very likely to take significantly less of a loss with some patience by holding.

Of course, that assumes there was an actual Covid high sale and the card(s) did in fact change hands, which is an awfully large and generous assumption.

[Peter_Spaeth]

Originally Posted by conor912

I’m guessing the fact that every Bill, Dick and Harry runs an auction and/or a show every single week now might have something to do with it, too. The hobby’s big, but it ain’t that big.

I don't even try to keep up any more, there is so much out there.