someone explain the new card market?

[Dpeck100]

In 1986 the Donruss Jose Canseco hit $100. Unheard of at the time for a pack pulled rookie. Donruss may have had a lower print run than Topps but there was plenty to go around. The card market has evolved during this time frame and with higher values paid for cards so some of it is simply buyers willing to part with larger sums to own cards. That said if you reduce the overall supply by 99.999999% like they have today for the best copies you get exponential increases in price. It isn't really that hard to understand. I agree personally that the speculation element can be a challenge to understand but once again with the supply being reduced so dramatically it doesn't really take that much interest to push prices up. If you follow the stock market you will see a small amount of volume move thinly traded stocks quite easily. This is why you get parabolic moves in modern cards all of the time. People like to speculate and they always have and with the internet making commerce so easy it just adds fuel to the fire. I have no interest but can understand why some do. The example earlier of buying a $3 card and selling it for $275 is like crack. Very easy to get addicted too. I went to high school with a guy that plays the modern game and it does produce winning results for many so I say if you have a high risk tolerance go for it.