Quote:
Originally Posted by benjulmag
IMO there is a significant difference between investing in a rarity as opposed to a condition rarity. In contrast to a T206 Wagner (or unique works of art), in the case of the '53 Mantle one is investing in the perfect grade. As has been discussed ad nauseum, one person's 10 is another person's 9. On top of this one is also investing in the long-term credibility of PSA, which IMO entails its own risk. I think at $2.5M it is a very risky investment.
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It might be risky. Time will tell.
That said the perfect grade goes for huge money. A PSA 9 Gretzky OPC is say 35k. A PSA 10 is at least 700k. You and I may not agree on which we like more but the market always agrees the 10 is better.
In terms of PSA. There were people trying to short the stock at $18. Just looked at it and it closed over $46. The line is not just around the building but around the block and down the street.