I quibbled with some of the people who were excited about this auction on the psa boards. The way it was explained to me is that there's whales(which we all know there are) and then there's people investing, those interested in completing a registry, etc.
My takeaway is that there's a subset of very deep pocketed collectors that vie for show pieces and them there's another set of collectors investing by attempting to corner markets and usin non expendable funds to do so(ie treating it as a true investment).
I'm still not quite sure what to make of things, but investing in miniscule markets seems to be risky business.
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