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Collectibles are an economic high wire balancing act between supply and demand. Too many objects/supply and the price goes down. Not enough collectors/demand
by jqpabc123 3y ago
Collectibles are an economic high wire balancing act between supply and demand.
Too many objects/supply and the price goes down.
Not enough collectors/demand and the price goes down.
To keep the market price at a high level requires a careful balance --- like what deBeers has been doing with the diamond market for decades. But they are now losing control.
https://fortune.com/2023/09/03/diamond-demand-falling-lab-grown-stones-de-beers-cutting-cutting-prices/ https://fortune.com/2023/09/03/diamond-demand-falling-lab-gr...