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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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I agree that folks with $$$ are the prime movers in this asset class. They are more financially stable and less effected by the the ups and downs of the economy. Usually older to. As of yet their spending hasn't changed.
Or maybe there hasn't been a speculative bubble develope as of yet? Allthough with the tremdous rise in prices over the past few years, to me it looks unbelievable.
Also each area of Collectable overall is not a hugh market place. That in of itself would keep prices more stable.
What I have been watching for is a speculative bubble and subsequent collapse like that in the art and collectable car market of the late 80s and early 90s.
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"Some Observer"
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