Quote:
Originally Posted by pokerplyr80
Not directly. I'm just saying that collectors who can afford a 50 mil Ferrari probably see baseball cards a little different than you or I do. Someone else asked if anyone thought the Rose was a good investment at 700k, and if so, why. I do feel it was a good buy. If it ever sells publicly again this sale will look like a bargain.
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I don't see it. How many people do u think value a rose that high not many in my opinion. To garner a return I would think there would have to be several willing to pay 500k plus. I just honestly can't see that much chasing baseball cards. There has to be near 100 million in high grade cards purchased over the past 4-5 months. Even if it's an investment fund can't see that they have been seeded with much more. As for individuals even if you have 500 million in the bank i would be surprised if you allocate say 20 million to purchasing cards. A Ferrari is different it's a true object of desire for wealthy individuals world wide, the number of individuals willing to pay say 10 million for a single vehicle creates a sustainable supply/demand situation. If a fund is purchasing these cards I hope they have high and lengthy gates, they will find liquidity difficult if there are redemptions and when that happens you don't want to be the last one in