OT:Auction sales hit record $15 billion as young, wealthy collectors enter the market

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“Driving all the growth — from fine art masterpieces to collectible sneakers — was a new generation of collectors who had never before been clients of the big auction houses. Sotheby’s said 44% of its bidders this year were new to the auction house, while half of the buyers at Phillips were first-timers. At Christie’s, 35% of all buyers were new, with two-thirds entering through online sales. A third of their new buyers were millennials.”

This is the big piece from the article. The amount of new buyers and money coming into the hobby is tremendous. I love cards, but I am aware that big cards going for big money is part of the way forward. There is no going back.