Thursday, February 2, 2012
And the market comes crashing down
Last year, when Israel released the first uncut press sheet, lots of dealers on E-bay were asking for ridiculous prices for imperf singles, tabs, plate blocks, and sheets. With the release of the second sheet, the same thing was seen for the first few weeks. Now, I am seeing the complete press sheet listed for a buy it now price of $200, and auctions with a starting price as low as $150. While this is still more than 2x the issue price, it is a far cry from the 20x price on the first sheet. When the speculators find that the crazy prices aren't going to materialize, I expect that we will see next years sheet fail to sell out.