Saco River Auction Part 2

[Exhibitman]

The prices are high only if there are readily located substitutes. If not, the prices are what the market will bear.

[iwantitiwinit]

Originally Posted by Exhibitman

The prices are high only if there are readily located substitutes. If not, the prices are what the market will bear.

True, however, if there are several buyers for the lots because there is an expectation that the cards can be sold profitably on an individual basis, and that is the reason for the higher lot prices, it does not necessarily translate into higher prices for individual cards. A similar increased demand must exist for the individual cards to support/rationalize the prices paid for the raw lots.