Quote:
Originally Posted by Exhibitman
Anyone making macroeconomic prognostications about why Willie Mays cards are going up or down is pulling it out of his ass, and more likely than not is coming to his opinions based on his personal biases and experiences. Of course the 1952 Topps Mantle is worth a fortune...if I own one of the MOFOs. Otherwise, it is overvalued and part of a bubble.
|
I just joined an '86 Fleer hoops FB group, and this effect is front and center.
The cards skyrocket forever, and then a week without increases (or one particular example dropping back a little) and chicken littles come out of the woodwork everywhere. Often data mining to find an outlier that makes their point even more valid. In this case, taking a PSA 8 Jordan sale from PWCC with one of those letter superiority designations (not to mention it was one the best 8s I'd ever seen, and perfectly centered). And using that as the price point of the "high".
And sure, they could be right about this being the peak. But that doesn't change how strong the personal biases are when evaluating the marketplace