Quote:
Originally Posted by Leon
It seems to me the higher the value (amount) the higher the risk and reward. Many collectors can play it safer towards the lower end and still come out ok even if not completely whole. Find a great looking 20k Mantle, in lower grade, and you won't lose too much when you sell it, if anything. Buy a 125k card, which has other comparables and has risen a ton recently, and there can be a swing much larger than the cost of the great looking, 20k Mantle. Spinning the wheel is about right.
And I should add one other thought. At the top of the scale of '52 Mick's, in an 8 or better, that market could still have a ways to go. There seem to be more people with a cool half million to spend than there are cards to be had. Time will tell....
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I tend to agree with you about the 8 or better possibly having room to grow. I think the entire high or higher end market has room to grow, not that this is necessarily a great investment opportunity because it is more thinly traded. Prices having come down on the lower grades over the last 6 months has more to do with a desperately needed correction of a market fueled by momentum and manipulation. Because a certain card in a 9 went up should not mean that a much more plentiful 7 should too however I know that is not a popular opinion with the resident spinners.