Quote:
Originally Posted by mechanicalman
I know this has been debated before, and many will disagree with me, but I tend to believe the winning price in a well-publicized, fairly run auction IS the current market price for a new card. It's when you buy from a dealer who sources his inventory from auctions like these when you tend to pay above market. (Which I've done many times when I really wanted a card.)
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I generally agree with this. However, the issues for us collectors is that I suspect in most cases there are relatively few people batting it out for the expensive stuff. Take the beautiful red Gehrig which I didn't win. At the end of the auction there may have been 3 people, including me, pushing that up. What happens when those 3 people get one? The demand could get significantly weaker. Demand is what a willing buyer will pay a willing seller. Well the universe of willing buyers is likely pretty small for some specialized stuff.