Quote:
Originally Posted by samosa4u
I'm actually thinking of starting a thread on this subject. So what exactly is market manipulation? A few super-rich guys bid on thousands and thousands of auctions last summer and then just stopped? What about the cards they won? Did they pay for them or not? How exactly did it work? 
Also, will we ever see prices jump like they did last summer or was that a one time thing? |
Yes, they would overpay on mid grade items which in turn would pump up the price on high grade items. Then they would just sell the card they just bought at a profit as the market was now "
hot". The real money came when the higher grade cards were selling for never before seen prices. Many Rookie cards have come back down to earth in price (Clemente, Koufax) but occasionally you'll see a different Rookie card get a lot of attention like the 1925 Exhibit Lou Gehrig which is the hot card of the summer going for crazy prices.