Never seen so many Koufax RC's!

[mattjc1983]

Yes they're coming out of the woodwork, but by that I simply mean that investors holding highly desirable grades of these cards are rationally responding to the market.

Even if you didn't know the market as well as these investors probably do, if you buy/hold/sell for investing purposes, and you're holding these cards in highly desirable condition, and you're seeing quick and major price increases, you would be unloading now too, wouldn't you?


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[irv]

Originally Posted by mattjc1983

Yes they're coming out of the woodwork, but by that I simply mean that investors holding highly desirable grades of these cards are rationally responding to the market.

Even if you didn't know the market as well as these investors probably do, if you buy/hold/sell for investing purposes, and you're holding these cards in highly desirable condition, and you're seeing quick and major price increases, you would be unloading now too, wouldn't you?


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Some decide to sell and some decide to continue to hold onto them.

My gut tells me, with the shear number of the same card in the same auction, that these are being sold by one, or a couple guys at most, who have dupes/multiples of the card they are auctioning?

I forget the exact numbers, but there had to be at least 7-8 nicely graded Koufax's that all came due within seconds of each other. (If that means anything?)
The same goes for the Aaron's and others as well.

[irv]

I was wondering if the Koufax I posted above was the same card as this one that sold for over $80,000 a short while ago.

Found it and seen that it wasn't.
https://www.goodwinandco.com/mobile/...entoryid=33087

Are we now seeing a correction/bubble bursting time or is this just a hiccup?

[Exhibitman]

Let's see: the price of a commodity goes way up and lots of examples come up for sale and prices are unstable. That doesn't sound at all like a market reaching towards equilibrium.

We've seen the same thing happen repeatedly with hot cards. Heck I remember when prices on 1950s cards went up 20x between 1976 and 1980. Cards poured out of attics and basements and prices came back to earth.