"It's the economy, stupid"
I'm a recent returnee to collecting, so am in little position to comment on the state of the market compared to 2-, 5-, or even 10- years ago. But I'd find it hard to believe that there's any single factor greater than the current state of the economy. Obama doesn't know which end is up.
p.s. not calling you stupid -- of course -- just quoting our 42nd president's campaign slogan.
p.p.s. I have recently perused some of my old Sotheby's auction catalogs from 15-20 years ago, and the prices then would be considered ridiculously low by today's standards.
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