There are multiple theories:
1) New hedge fund-type buyers looking for investment grade since savings rates are stagnant.
2) Market manipulators trying to game the system.
3) Shill bidding rampant.
4) Registry set collectors gone wild.
5) 10-30 new buyers that are controlling the market.
6) The fact that PWCC and Probstein are consignment sellers and can't easily vet their bidders to reduce shill bidding as well as they would like.
7) All of the above.
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PWCC: The Fish Stinks From the Head
PSA: Regularly Get Cheated
BGS: Can't detect trimming on modern
SGC: Closed auto authentication business
JSA: Approved same T206 Autos before SGC
Oh, what a difference a year makes.
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