Scarcity IS Scarcity | BIC #3

Is manufactured scarcity any better or worse than more natural or “organic” scarcity? What about condition scarcity? Where would that fall?

Starting with the sale of the 1933 Goudey Ruth a few days ago for over $4.2 million I take a look at these questions in contrast to the recent $5.9 million “valuation” of the Steph Curry RPA.

One of these items is a manufactured 1/1 and the other is a vintage icon that is a pop 1 in PSA 9 condition, does this make them the same, different, or even similar?

The main point of this discussion is that scarcity, by definition remains the same, regardless of how we arrive at it. The difference that we perceive come from our psychological makeup, biases, and desires.

I use a few examples to talk about how manufactured scarcity isn’t even a new idea as there were instances where items were scarce from the outset, at the behest of the manufacturer.

What do you think about scarcity? Does it make something more appealing to you? Does it drive you to seek out items that might not have interested you if they were more common?

Write-up on the 1933 Goudey Lajoie

https://www.psacard.com/cardfacts/baseball-cards/1933-goudey/napoleon-lajoie-106/20336

More on the T206 Ty Cobb "Ty Cobb" back

https://www.psacard.com/articles/articleview/8812/lucky-7-baseball-card-find

"Scarcity Makes Everything Desireable" article from Psychology Today

https://www.psychologytoday.com/ca/blog/science-choice/201704/scarcity-makes-everything-desirable

Link to YouTube version of the episode:

https://youtu.be/01FiRSnLNyY

Link to Because I'm Carlos on Apple Podcast:

https://podcasts.apple.com/ca/podcast/because-im-carlos/id1540871164

You can reach me in the comment section of the YouTube channel or on Instagram (@carloscards12).

Thanks for listening!

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