Just because it's listed for that amount doesn't mean it's necessarily going to sell that amount. I could ask a million dollars for a basic Plains but that doesn't mean it'll sell, either.
Just because it's listed for that amount doesn't mean it's necessarily going to sell that amount. I could ask a million dollars for a basic Plains but that doesn't mean it'll sell, either.
Didn't the BGS 10 Lotus sell for $100K last year?
Even if it doesn't, just the mere fact that it's listed at that price means we're going to start seeing "deals" where damaged Unlimited Lotuses will be listed for $90,0000 or some nonsense. Those won't sell either so those prices will eventually settle down to a more reasonable level which is probably going to be some percentage higher of what it would have been if said card was never listed at all.
Not even blue Hurricanes go for that much, though, and I can't imagine any (by definition underground) dealings in the Garfield cards would go that high either. And even rarer cards like Shichifukujin Dragon wouldn't sell (if you somehow managed to steal it) to anyone except to have it vanish into a private collection somewhere, akin to how the black market art trade works. But by that point the price would be based more on the thief trying to recover expenses than on anything to do with supply and demand.
The problem with such extreme rarities is you can't even begin to describe a market (and thus a market price) for them because of how limited the movement of those cards really is. As an accountant, I can basically say that this listing isn't going to do anything at all to the price of any Lotus printing because if you've got that kind of money to throw around, you'll negotiate a price directly rather than going off arbitrarily-priced listings. If only because at those values, you'd want the seller to show you the card's provenance in order to prove it wasn't stolen.
It might not sell at that price, but it does establish a data point for pricing. If something is pulling data on that card, the average and median prices will eventually skew upwards. This is slow movement to manipulate the market prices of that card.
It might not sell at that price, but it does establish a data point for pricing. If something is pulling data on that card, the average and median prices will eventually skew upwards. This is slow movement to manipulate the market prices of that card.
Exactly my point. You articulated it better than I did.
This is one of the most annoying facets of the "investor" driven market.
There has been a few up for 100+ for a while now.
The market says otherwise on the price
Alpha Grade 9 sold for 38,600 in August
Beta Grade 9 sold for 23,688 in October
Thats still way out of my price range but hey the one for 159,900 is a Grade 9.5 and sometimes that little difference makes for a Huge price difference but doubtfull. if it was a 10 then we might be talking as soon as I find that ticket in South Carolina that someone bought but still hasnt claimed for 1.5 billion
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Didn't the BGS 10 Lotus sell for $100K last year?
Even if it doesn't, just the mere fact that it's listed at that price means we're going to start seeing "deals" where damaged Unlimited Lotuses will be listed for $90,0000 or some nonsense. Those won't sell either so those prices will eventually settle down to a more reasonable level which is probably going to be some percentage higher of what it would have been if said card was never listed at all.
The problem with such extreme rarities is you can't even begin to describe a market (and thus a market price) for them because of how limited the movement of those cards really is. As an accountant, I can basically say that this listing isn't going to do anything at all to the price of any Lotus printing because if you've got that kind of money to throw around, you'll negotiate a price directly rather than going off arbitrarily-priced listings. If only because at those values, you'd want the seller to show you the card's provenance in order to prove it wasn't stolen.
Someone's student loans are coming due lol
Exactly my point. You articulated it better than I did.
This is one of the most annoying facets of the "investor" driven market.
The market says otherwise on the price
Alpha Grade 9 sold for 38,600 in August
Beta Grade 9 sold for 23,688 in October
Thats still way out of my price range but hey the one for 159,900 is a Grade 9.5 and sometimes that little difference makes for a Huge price difference but doubtfull. if it was a 10 then we might be talking as soon as I find that ticket in South Carolina that someone bought but still hasnt claimed for 1.5 billion