With all due respect, what’s up with the cynicism and jealousy on this board lately? I’ve been lurking for years, but it’s getting very tiresome.
Why do you make so many assumptions? You do realize we just went through one of the biggest equity bull runs in human history? Stocks, crypto, metals—everything has been melting faces. The population reports on high end vintage range from say 20 to 200 for 10s
There are millions of millionaires who grew up with Pokémon.
Then there’s also a massive amount of people buying into the store of value narrative, and even more people simply money laundering. Pokemon is everything NFTs wished to be. You can laugh all you want about it, but there are people who are vaulting these cards like they’re a Rembrandt or Monet.
How many fuck you money people in America, UAE, China or Japan decide to become species collectors for Pikachu, Mew, Charizard or any legendary? I promise you it is way way way more than whatever the pop report is for every of these vintage cards.
Everyone I know who bought six-figure cardboard in the last two years is a liquid multimillionaire and a genuine collector with the exception of one who wants to diversify.
You know how they treat these auctions? They go on gixen and bazooka some ridiculously high number in there because they simply want that card. It only takes one more of the same species collector with pockets to go full bazooka aswell and that’s how you end up with these auction prices we keep sharing in this thread. I am guilty of this aswell.
It’s not rocket science. Supply and demand. Alot of demand, very little supply. It’s the exact same playbook in every other high end collectible auction market, be it artwork, watches, coins, whatever
Do some irresponsible people exist who are all in on vintage with debt, unpaid mortgages, and no retirement fund? Sure, but they’re the tiny minority, they’re not driving these record prices. You also have these kinds of people in every other market, it’s not unique to cards.
Iirc you also said
“Guys, it’s irresponsible to hold on to your cards if they went through a 100x.”
Are we playing financial advisor now?
We get it, you’re a binder collector. But this board has plenty of slab collectors as well and you don’t see us seethe and cope endlessly.
Live and let live. No offense.