Quote:
Originally Posted by carlsonjok
I used to clean up on his auctions using my 35-40% rule. Over the last year, this has changed. Where I used to get 10-15 cards in a particularly set break, I now get 2-4 and cards are selling way, way above what I am comfortable buying at. On a related note, when I put together my 1955 Topps checklist a couple years ago, Beckett listed the Clemente RC at a book value of $2,200. When I looked the other day, it was up to $5,000.
My conclusion is that we are in a market bubble right now and auction results are just way out of line with longer term trends and what we have come to expect having been in the hobby for a long time.
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Could be a bubble, or could just be the market becoming more efficient. If it has to be one or the other, hoping it's the latter
