Quote:
Originally Posted by SAllen2556
You're really comparing a piece of cardboard graded by a (censored) to a Ferrari?
It's a crazy world we live in. I would love to meet one of these people and try to understand the thought process of 700k for a cheap piece of cardboard with a crappy photo on it.
At the peak of tulip mania, in March 1637, some single tulip bulbs sold for more than 10 times the annual income of a skilled craftsman. Now it's Rose mania.
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Like the Ferrari, the card is also viewed the same, it is just an object/investment vehicle.
I am sure there are "True" collectors of both high end auto's and cards but I also believe there are those that only view these things as items and investment vehicles, nothing more.
An investment vehicle is a product used by investors with the intention of gaining positive returns. Investment vehicles can be low risk, such as certificates of deposit (CDs) or bonds, or carry a greater degree of risk such as with stocks, options and futures.