Steve Novella's PSA 8 T206 Auctions--A Market Defining Event?

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Posted By: Frank Wakefield

Thank you Jeff, Barry, Jim and all...

I've got it, I think. Novella's auctions define the market as one that has only a handful of folks willing to pay big bucks for PSA 8 T206s, and that the market price for such high grade cards is below where most of these cards were priced. It also shows that there are more PSA 8 T206s out there than there are folks willing to pay 10k for them, I'd think.

The auctions (since there were several, it wasn't just a sale of one card) were an opportunity to see how many buyers were out there for that kind of money. And I see that that DOES define where the market is currently for these cards.

Thank you, guys.