www.elitefourum.com/t/irrational-card-pricing/24401/1
That’s a thread I made last year talking about this topic - how sometimes the price of a card doesn’t make sense in relation to supply and demand. Essentially, my thesis is that if the price of a card truly does not make sense in relation to supply and demand then we can expect there to be a correction over time. I believe sometimes it’s possible to identify which cards may see their prices rise and fall relative to one another by using our knowledge and some logic.
In the thread, I use the example of some Jungle holos and how it didn’t make sense that a PSA 10 1st edition Kangaskhan sold for far more than a Clefable (it had for some time) given the fact that the populations of the cards were similar and I doubted that a Jungle Kangkashan was a much more desirable card than a Jungle Clefable.
Some people said my thesis was nonsense because the market price is the market price and that clearly there was something I was missing… but since I made that post, Clefable has actually sold for a higher price than Kangaskhan.
Don’t get me wrong, all prices are fundamentally based on the principles of supply and demand but there are also strange factors at play when it comes to items with such a low supply. That is, there’s a lot more variance in the bargaining. And price momentum plays a large role.
Now, in the case of the T17 I do think there are supply *and* demand factors that are not merely “irrational” that make it an expensive card. It’s essentially tied for being the lowest pop card in a popular set *and* I am willing to believe that it’s a desirable card that even some non-set completionists may have an interest in obtaining.
I’m also willing to believe that there’s a chance that T17 won’t continue to be several times more expensive than other low pop Neo cards like Slowking and Ampharos.