If you are a collector, it's in your nature to seek out the latest and most desired, this is true if you are collecting Stamps, Dolls, Hot Wheel Cars or Corals. It's what collectors do. The bad thing is, it keeps nice pieces out of the hands of the average hobbiests, especially in these times of people losing their jobs left and right.
Now that the collectors and wholesalers know the value of the latest fad coral, the price is just going to keep going up, because now they want some of this easy money.
Another thing is ego, everyone want's to be known in this hobby, and what is the easiest way to be known? Wheel and deal the high end stuff. I think it's too late to try to bring down the prices of "desired" corals, people are getting used to the idea that if it's desired, your gonna have to give up an arm or a leg.
The only thing that will stop it, is a ban on imported corals, or to price them so high that they sit in the dealers tanks, because so few people can afford them. I hope the first never happens, and the odds of running out of people not willing to pay whatever it costs to have the latest and greatest coral is slim to none.
I'm curious, what is the cut off point on what you would pay for a frag?
$200, $500, $1,000?
