Results like this cause me to feel the market for small paper is significantly overheated. Although I laid out my reasoning as to why values in the small paper market segment would pop some time ago, the “pop” has outstripped scarcity for sure. Two of these invitations were offered within days of each other and brought similar results. These surface with some frequency, so those buying at such price levels will surely not see a ROI. Granted, ROI to some, especially in terms of collecting, means nothing. That said, why spend such sums on small paper when lesser amounts would buy great (and much rarer) items in different market segments? These unsustainable prices have had the predictable result of sellers rushing their small paper wares to market, all hoping to catch the wave before it crests. This is a market segment that has become much too rich for my sensibilities. In fact, the hobby overall has gotten too expensive. I worry about its overall health given such results.
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Mark B. Ledenbach's vintage Halloween collectibles blog.
