Buy the card, not the label

[Vegas-guy]

It's all relative! If your someone with really deep pockets 20K is for most of us like 100 dollars! My wife works for a very rich man and everyday we talk about how the hell could he spend that kind of money? He'll drop 17k on first lass air fair overseas or 20k on a private jet and not think twice. If you've got 100+ million 20k is nothing!

[Runscott]

Originally Posted by Vegas-guy

It's all relative! If your someone with really deep pockets 20K is for most of us like 100 dollars! My wife works for a very rich man and everyday we talk about how the hell could he spend that kind of money? He'll drop 17k on first lass air fair overseas or 20k on a private jet and not think twice. If you've got 100+ million 20k is nothing!

If he inherited it maybe, but you don't get to that point by making decisions like this one.

[Fred]

Scott, no $hit, really - that's good insight.

[Runscott]

Originally Posted by Fred

Scott, no $hit, really - that's good insight.

Yeah, I know - a waste of keystrokes stating what's obvious even to the most trivial of observers. But if you tattoo "Gem Ozzie" (with a slash through it) on your forearm, and it works, I expect a cut when you become a billionaire.

[Vegas-guy]

Originally Posted by Runscott

If he inherited it maybe, but you don't get to that point by making decisions like this one.

Umm maybe? But your mind set changes, they might not be thinking of it like you and me but more of a want instead of investment/other. There are only a certain # of 10s and he/she wants one, doesn't matter how much.
I look at it like this, when I was young and had no money there was no way I would have paid even 20 dollars for a steak dinner, now I see one on a menu for 48 maybe even 60 and if it's a nice place think hmm that's not bad or go buy a 100k car I know as soon as its off the lot I've lost 20k but I wanted it. It just gets to the point of thinking about thing different than "normal" people. Now having said that could you do things like that every day and still keep all your money NO but a want is a want and if you have the means your not thinking about the cost. Just my .02

[Mrvintage]

As for the Ozzie Smith rc not being a high demand card I would beg to differ. There are alot of people that collect 79 topps baseball and that is obviously the key card in the set. Saying that card is not in high demand is like trying to tell a 33 goudey collector that Lajoie is not really in high demand...lol. Just because it's not pre-war and some of us don't collect it doesn't mean it's not in high demand. The most high demand cards on the market right now are probably Michael Jordan 90s inserts. They go for crazy prices as well. Will you see me buying them? No. Are they in high demand? Absolutely. Just my opinion.

[Runscott]

Originally Posted by Vegas-guy

Umm maybe? But your mind set changes, they might not be thinking of it like you and me but more of a want instead of investment/other. There are only a certain # of 10s and he/she wants one, doesn't matter how much.
I look at it like this, when I was young and had no money there was no way I would have paid even 20 dollars for a steak dinner, now I see one on a menu for 48 maybe even 60 and if it's a nice place think hmm that's not bad or go buy a 100k car I know as soon as its off the lot I've lost 20k but I wanted it. It just gets to the point of thinking about thing different than "normal" people. Now having said that could you do things like that every day and still keep all your money NO but a want is a want and if you have the means your not thinking about the cost. Just my .02

Reg, I really don't know - not knocking your opinion. I do know this - people don't generally start behaving illogically once they become wealthy. Yes, they could, and I'm sure there is plenty of wild splurging, but I haven't seen such a pattern among card collectors. I knew an extremely wealthy collector who used me as a broker. It didn't matter what number I gave him - he wanted it 10% cheaper. He had that attitude on the way up, and he still does. But on the other hand, if he got into a bidding war with someone, he was going to win, just to show them he could. Maybe that's what happened here.

Or maybe the winning bidder was Forrest Gump.

[Vegas-guy]

I totally agree most people aren't like that. Maybe it's because I'm in Vegas, here people throw money around like it's just paper. It not uncommon to have a 3 or 4K bar tab at a club here..

Maybe it was Ozzie himself that bid on it and wanted one of the best known examples of himself..

[kllrbee]

Originally Posted by Vegas-guy

Maybe it was Ozzie himself that bid on it and wanted one of the best known examples of himself..

I was thinking that myself....

[Runscott]

Originally Posted by kllrbee

I was thinking that myself....

You think he flipped when he saw it?