Thats your opinion, Cobretti. I respect and to an extent agree, except for the foolish part. Because, on average, rich people are very well educated. And maybe the buyer thinks, that 5k is a steal, who knows ? Its still a BGS 10, making this card a 1/1 Jordan 90s, derived from one of the most hunted series of the 90s, that nobody else owns in such quality...
Again, if i commanded that much money, i would not want to pay 5k for this card, as i prefer the original pack-included version.
But on the other hand, have seen stranger pricing examples in the past. And on many i have been proven wrong, because prices for the cards i doubted kept soaring.
Even today, i am surprised on a DAILY basis, about the prices collectors pay for players i rarely ever heard about. Some examples:
1955/56 Parkhurst Tim Horton high grade - 12.100 USD
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&_trksid=p4340.l2557&hash=item2ebcea972f&item=200737986351&nma=true&pt=US_Hockey_Trading_Cards&rt=nc&si=%2B%2FdyeONeI583Qq%2BywN9hMMF8bxs%3D&orig_cvip=true&rt=nc
1915 Cracker Jack Christy Mathewson high grade - 10.251 USD
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&_trksid=p4340.l2557&hash=item3f17115eed&item=270969954029&nma=true&pt=US_Baseball&rt=nc&si=%2B%2FdyeONeI583Qq%2BywN9hMMF8bxs%3D&orig_cvip=true&rt=nc
1911 T206 Piedmont Tobacco-Sherry Magee Error Card PSA 2.5 - 9.106 USD
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&_trksid=p4340.l2557&hash=item564a087956&item=370609256790&nma=true&pt=US_Baseball&rt=nc&si=%2B%2FdyeONeI583Qq%2BywN9hMMF8bxs%3D&orig_cvip=true&rt=nc
The Magee is an error card. Probably back in the 1910s there were lots of people, who did not even want the card, BECAUSE of the error, and would not pay 5 Cents. Today, such a card is worth more then 9.000 USD for a 18.000.000 % return on investment. Yes, thats 18 million percent !
These examples are the reason, why rich people give it a try. They factor in the risk and possible losses, but they know about potential and collecting value as well.
So, judging from past experience. When it comes to older (rarely modern day of active players !!!) high-end cards, at the end of the day, the fools were usually the ones doubting, but rarely the ones investing ;-)