Quote:
Originally Posted by kefskala
sorry to burst everyone bubble but here is the reality of the hobby. Heritage auction has a psa 10 with one day left at 486K currently....if this card doesn't hit the 732k mark and sells for anything less the correction will start really fast...things could turn on a dime.....so all eyes should be on this....
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kefskala, i am certain you have been through ALOT MORE roller coasters/rodeos than i have, but, ive given your comment a lot of thought.
for arguments sake, the jordan psa basically "doubled". ALL the other grades haven't even had time to digest that doubling.
akin to throwing a rock in the middle of a lake and watching it ripple outwards.
so, lets say the mj psa 10 sells for, i don't know, 1.75 times 360. (where is ferg when i really need him). so instead of 720, it sells for 630.
at the EXACT same time, 7's, 8's, and 9's have only increased 10-15%.
like real estate, i don't see how "one sale" could turn things on a dime.
would it be good/or great news ?? no. would it make people think ?? sure.
would it cause mass panic selling ?? not so sure the answer is yes.