Prices coming down...

[jboosted92]

Originally Posted by Snapolit1

Long story, subject to 1000s of posts here. If I had to summarize it a long run-on poorly crafted sentence I would say that there were a stunning explosion in the "value" of some post war cards (mostly 50s and 60s rookie cards) in a brief few month period of time where after the fact there appeared to be some pretty good evidence that some (many?) of these record breaking transactions were likely sham transactions that were never actually completed, but merely designed to document "sales" in Vintage card Prices and elsewhere in order to run up the prices of these cards to inflated levels so others could then sell into that frenzy to make some serious money.

yikes....super

i actually thought it might be this:


Lets say someone(S) has some PSA9-10 , 50s/60s ( Clemente, Koufax for instance)

They see some PSA 8s come up for auction, and them and someone else, considerably over pay ( Example, what would maybe go for 4000, they pay 10,000)....now that then shoots up the value of their PSA9/10 that the subsequently put on the market....make a profit, then hurry up and turn around and sell their PSA8 they just bought at 10k, for at least what they paid.....

[Danny Smith]

Cool to see the charts. I don't think we will ever know what actually happened but my favorite theory based off of the charts/activity/the way my brain works because of my profession is that someone (and maybe a couple of his/her buddies) with some cash to launder got hip to the sports card game.

Dirty money in. Clean money out with no real concern for loss. No regulation whatsoever. Pretty smart timing given the massive amount of auctions in the spring and national in the summer. Most liquid marketplace of the year.

Like I said who knows but that's what has always stuck in my head.

[mechanicalman]

Originally Posted by jboosted92

yikes....super

i actually thought it might be this:


Lets say someone(S) has some PSA9-10 , 50s/60s ( Clemente, Koufax for instance)

They see some PSA 8s come up for auction, and them and someone else, considerably over pay ( Example, what would maybe go for 4000, they pay 10,000)....now that then shoots up the value of their PSA9/10 that the subsequently put on the market....make a profit, then hurry up and turn around and sell their PSA8 they just bought at 10k, for at least what they paid.....

I've heard from a reliable source that what you described was the impetus for some of the shenanigans.

[Yoda]

No doubt a bunch of side agreements exist between the "players."

[jboosted92]

Originally Posted by mechanicalman

I've heard from a reliable source that what you described was the impetus for some of the shenanigans.

well super...it took me about 20 seconds to think of that scheme....imagine what could be done with time....