Posted By:
Scott ElkinsJust look at the second T206 Doyle auctioned by Mastro, after KO won his - huge drop in price w/o KO bidding and the card was a PSA 3 (while the one KO won for six figures was a PSA 2).
At different dollar increments, you lose many potential bidders. $5k was brought up - when card(s) reach that level you lose a certain amount of bidders. Then at $10k you lose more, etc. etc.
I still believe there are several cards hovering around $5k that are steals and should (and someday will) become $10k+ cards (just like the E98 Old Put Cobb Wesley purchased from me).
The biggest risks I see are the cards such as the 1914 Ruth. When you get to price levels like that, tons of potential bidders are lost. However, with increasing incomes, these worst investments might not be all that bad.
Anyone could turn a great investment into a bad one in vintage cards! This is done by clicking the bid button too many times. I guess the Texas Cattlemen are correct - "bought right is half sold"???