Quote:
Originally Posted by raulus
Imma go out on a limb and suggest that the weekly auctions aren’t paying much of the debt service here. It’s the premier auctions that are doing the heavy lifting.
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I'll posit the 2021 projections were generous at best. The business model was flawed imo at those heady levels. MJ rookies and the whole fomo all boats rise with the tide mentality took hold, when your talking about those corporate investment levels it's no longer about the hobby but serious ROI. I'm no expert thankfully, I'm just a collector but it's not rocket science to observe collectible economic cycles.