04-22-2018, 03:43 PM
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Larry
Member
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Join Date: Dec 2010
Location: Southfield, Michigan
Posts: 1,765
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Quote:
Originally Posted by ls7plus
I was interested in seeing how this card in "9" had appreciated in the last few years, so dug out some of my old Beckett Graded magazines, which gave actual auction prices for the examples in the much higher grades. Two "9's" sold in 2007; one for $225,000 and the other for $280,000. Average, obviously, = about $250K. That's a rate of appreciation (just doing the math in my head) of about 25% compounded annually. The cream rises to the top!
Highest regards,
Larry
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Self-correction: the auction sales referred to above occurred in 2006, rather than 2007 (they were listed in a February 2007 issue of Beckett's Graded Card Investor). The compounded rate of appreciation is approximately 20.6% per annum.
Best to all,
Larry
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