Thread: Bursting Bubble
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Old 02-25-2021, 04:48 PM
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Quote:
Originally Posted by MattyC View Post
If collectors take a deeper, critical look into the PSA 10 Jordan sale spikes that ignited much of this frenzy or that Rock card that garnered some press, for example, I think eyebrows will be raised at the underlying dynamics. We may ultimately look back and see this whole house of cards, this frenzy, was touched off by actions borne of conflicted interests.
It’s hard to imagine an auction house receiving $40mm in investment, with all the legal and financial due diligence that goes into such transactions, if there were a number of fake sales, and therefore, false financials, on the books.
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