A Quiet Reflection
I grow increasingly bewildered: What in the name of God is going on with pre-War baseball cards? I just won a nice E90-1 Mike Mitchell, the so-called Honus Wagner of caramel cards, at the just concluded Mile High auction for what I thought was a great price (thanks, Brian.) Contrast that to the rollout of T206's in the latest PWCC offering. We all know that the Cobb Green has been hot for a while now, but a trimmed specimen is already over $2,500 with 8 days left in the auction. What's going on?
1. The Mitchell card has lost its prominence in the hobby.
2. The Cobb green card has entered a Dutch tulip phase.
3, The Fed's policy of quantitative easing and a robust stock market has meant excessive liquidity in the economy, tilting normal supply and demand curves.
4. A cabal of uber wealthy investment gurus have decided old baseball cards are essential to the nation's mental health.
5. What the f word is going on?
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