Quote:
Originally Posted by rats60
When you see unopened boxes selling for less than factory cost soon after release, you realize that we are still in the junk wax era. Junk wax=Overproduction. I doubt the card companies will ever learn.
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That's partly the fault of the dealers. So many of them in the late 89's- early 90's were started on a shoestring, and tried to carry everything. With so many sets there was always something new coming out in a couple weeks, so they had a fairly short window of time to get the currently "hot" stuff sold. The stuff that was really wanted sold fast and went up, the rest sold ok but stuck around as dead inventory. To get the next thing, a dealer had to pay the card co and make a minimum order. The ones that had money could absorb the cost of the slower moving product, the ones with no money eventually began selling at a loss to "raise cash" for the next set.
And that led to lots of collectors buying stuff only on closeout.
A viscious circle that slowed as the unfunded washed out, but really hasn't ended.
Steve B