New T206 Doyle NATL Coming to REA

[puckpaul]

Originally Posted by Hankphenom

I've often wondered why anyone who can totally afford whatever they want--and I mean totally, as in no amount of money they could spend in any sports auction would mean anything to them--stops bidding on something or things they set their sights on. I've decided it must be that at some point, they start feeling stupid for continuing way above what their information tells them an item is worth. But even then, if I was in their position, I think I could fairly easily convince myself that what seems like a ludicrous bid today could likely turn into a good or even great investment over time, given the history of rare stuff in the hobby. In the end, of course, the bidding always stops somewhere, and it's fascinating to ponder "why?"

For one thing, it would clearly depend on rarity. If something is a card or jersey that you wanted, and you feel you might not ever see it again for sale in your reasonable lifetime, you might pay anything if money didn’t matter. If it’s a Jordan Rookie or even a Mantle Rookie, you can let it go and wait for another. It’s a human judgment call at any price to anyone.

[Hankphenom]

Originally Posted by puckpaul

For one thing, it would clearly depend on rarity. If something is a card or jersey that you wanted, and you feel you might not ever see it again for sale in your reasonable lifetime, you might pay anything if money didn’t matter. If it’s a Jordan Rookie or even a Mantle Rookie, you can let it go and wait for another. It’s a human judgment call at any price to anyone.

Of course, in any particular instance, it might depend on rarity, but rare or not, the result is always the same: The bidding always stops somewhere.