Quote:
Originally Posted by mfisher27
Not trying to push a narrative or question the validity but are all of these actually getting paid for? The run up has been so fast and so much, I don’t get who is buying these? Is it new collectors that are focusing solely on a tiny number of cards, like the 86 Fleer? Even up to like, 10 different sales I could see but what kind of money has been spent on PSA 8 - PSA 10’s the last 3 months? $10+ million? All spread out over different cards would mean there’s multiple hundreds of people dropping $25,000+. Who are those multiple hundreds of people? That’s what I can’t wrap my mind around.
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I can’t wrap my brain around it either, but you’ve got things like Mint10, all these startup projects for sportscard selling platforms, research and analytics subscription sites, former sneaker heads, and just a ton of money is being injected into cards.... now that’s all fantastic, but what’s the end game for these people? If it’s truly a long term mindset, I think all of this is great. But if this all centers around quick transactions, then this obviously isn’t going to be beneficial because the turnaround quick selling off after purchasing is what will take the prices right back down to what they were or lower because people will sell at whatever price simply to get out.....
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