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#1
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Market flattening definitely
Watching last few auctions, definitely feels to me that with rare exception prices have flattened out and are not rising like we saw last year. In LOTG, Heritage, and REA, I walked away with nice Gehrig/Ruth items at prices lower than I anticipated. Not complaining. On the positive side, things seems a little more orderly and weeding out "irrational exuberance" in the market is probably a good thing. Also positive in that to the extent the market has corrected there is no widespread crash of any kind as many have predicted on this board.
On the negative side, I haven't recovered as much on items consigned as expected. Goes both ways. Last edited by Snapolit1; 05-15-2017 at 08:10 AM. |
#2
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There is no doubt there has been an influx of very high quality cards in a short period of time recently (at least to me). That has to have depressed things a little bit. When auction after auction has incredible cards some of them have to fall.
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Leon Luckey |
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I've used it as a buying opportunity, although, I must confess, that I have over extended myself a tad. I've tried to focus on value and buy non-mainsteam items that don't come up every day. I picked up a E253 Cobb last week at just over 1/2 my snipe. I was floored! We'll see - fingers crossed.
The market is a bit flooded right now and for better or worse, the big auction season is tax season. I guess you gotta spend your refund on something. Everybody will take a breath and then we'll see a ramp up of activity as we approach the National. |
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I don't think this is true
Steve, have you seen the recent prices on T206 Cobbs? CJs? '48 Leaf Jackies?
Sure, maybe the market has cooled on '55 Clementes because there are 1000s of them. There are winners and losers right now, and claims of a market-wide flattening is not an accurate assessment. |
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__________________
http://www.flickr.com/photos/calvindog/sets |
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I have to agree with the last 2 comments. The pre-war cards I've been watching and bidding on seem to all be going for record prices. Cobb, Jackson, and Ruth seem to be pretty hot right now. A psa 3 e90-1 Jackson just went for 60k or so. And a 14 cj psa 2 for 30k.
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Successful transactions with peter spaeth, don's cards, vwtdi, wolf441, 111gecko, Clydewally, Jim, SPMIDD, MattyC, jmb, botn, E107collector, begsu1013, and a few others. |
#7
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The prices of a lot of cards have fallen since last summer, but not all of them. When collectors started seeing the insane prices high-end Clementes, Gretzkys, Ewings, etc. were bringing, they decided to put theirs up for sale as well, and like Wondo says, this ended up flooding the market. Now the ones that are still going strong are those that very few collectors own. If we see a high-end 51' Parkhurst Gordie Howe Rookie selling for a crazy price, can hundreds of other collectors list theirs for sale too? Nope, because there are not that many out there.
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#8
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Insightful
More Steve and less Courtney.
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Successful transactions on Net54 with balltrash, greenmonster66; Peter_Spaeth; robw1959; Stetson_1883; boxcar18; Blackie |
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I am way less in-tune with the market changes than some of you guys, and my targets are on a completely lower level most of the time, but from what I've seen, prices seem to still be steadily increasing. Not sure if this is true, but it seems that the lower-end T206/Pre-War HoFers seem to be steadily rising in value. Lajoie has popped nicely over the last year, year and a half. Some of the other guys seem to be increasing in value by the $10s (if that makes sense) which might not seem like a lot to some of you, but to me it's a decent pop.
I love the card market.
__________________
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For some of the card that may have flattened, like high-grade CJs, I think we are now seeing a bump in the appealing low grade and mid grade cards as collectors look at what has happened to the high-grade stuff and figure that they had better get an example of what is a relatively rare card while they still can.
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Collection: https://www.flickr.com/photos/132359235@N05/sets/ Ebay listings: https://www.ebay.com/sch/harrydoyle/...p2047675.l2562 |
#11
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#12
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Even more dramatic for the higher graded Paige Leaf card.
PSA 7 This year: $66,000 Last year: $108,039 SGC 84 This year: $52,000 Lasr year $71,820 |
#13
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i guess prices are catching up...or back to the shills!
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#14
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In other words, at any given point, some cards sell for a massive increase, others a modest increase, others modest or larger declines. One guy cites a PSA 7 Paige, the next guy hangs a lantern on the Shoeless Joes at Heritage or the Mantles at REA that sold for record highs, and on and on the cycle goes. So why truck in broad generalizations? We can't lump together all sportscards into one "market" anymore than we can lump together all cards in the same grade. |
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Last edited by Snapolit1; 05-15-2017 at 01:50 PM. |
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#17
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I just checked on the leaf Robinson and Paige. The last 2 PSA 7 Robinsons were way off center, and should have been expected to sell at a lot less than previous nicer examples. As for the Paige the sale at over 100k could have been just two guys bidding it up. One happened to hit a month later so the previous under bidder didn't have as much competition. It's tough to predict the status of the market as a whole from one transaction. But both Paige sales were well over the amounts from a couple of years ago.
__________________
Successful transactions with peter spaeth, don's cards, vwtdi, wolf441, 111gecko, Clydewally, Jim, SPMIDD, MattyC, jmb, botn, E107collector, begsu1013, and a few others. |
#18
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We need to create a baseball card index... top 25 PreWar cards that are liquid enough to see price movement. Focus on varying grades... then we can have a real apples to apples comparison of what is going on.
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#19
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We can trade limited data points, but I'm using this data to REFUTE your assessment that there is a hobby-wide slowdown. As I said, there are winners and losers, and if the particular cards you collect are heading down, and you're a buyer, congrats. |
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Speak to someone who owns one of the auction houses that advertises here. I have.
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#21
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One of the hallmarks of mania is the rising incidence and complexity of fraud. (The big short)
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I've been following the 49 Leaf Jackie's pretty closely the past year in grades 4 to 6. I've been the underbidder many times until I finally got one- the SGC 70 in the last REA Auction- and I can assure you prices for that card have been strong every time. In fact, the PSA 6 in Heritage that closed a few days ago sold for 16.8 K with the juice. That is astonishingly high.
Likewise I am stunned at the prices for T206 HOFers in almost every grade. I only got back in the market this past year after years of being inactive, and my jaw drops pretty regularly. Green Cobbs, Young portraits, among others are just nuts. Market seems awfully deep and very strong for most cards. Sure, some of these 100-200K cards are overpriced and will see a dip. Take one or two bidders out of the mix, after they win one, and the market will be affected for sure. |
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impressive!
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#24
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The Jackie 6 that sold for Heritage was about 250% higher than one sold in Match. I'll be interested to keep my eye on that one. Could have bought three of them for that prices in December. Odd.
Last edited by Snapolit1; 05-15-2017 at 03:46 PM. |
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It had incredible eye appeal and great centering. That might explain it. |
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Nothing posted on the internet is "confidential" Steve
__________________
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#27
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Can we at least agree that the market is not flattening "definitely"? Is that ok to say?
__________________
http://www.flickr.com/photos/calvindog/sets |
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IDK about a dip, I mean I am the member that started the other thread about all the money in the hobby.
I cannot really comment on these modern post ww1 cards, but tons of stuff from pre-1915 are continually seeing record prices and have for awhile. t206 green Cobbs have gone insane, absolutely insane and they are everywhere. CJ stars have steadily risen while Jackson, Cobb and Matty go thru the roof. Didn't REA set a record for a sports card auction in regard to gross revenue this Spring? |
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#30
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Regards, Larry Last edited by ls7plus; 05-15-2017 at 05:18 PM. |
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Also that jackie final hammer price may of be because of a 2 person bidding war.....
Last edited by 1952boyntoncollector; 05-15-2017 at 05:21 PM. |
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Last edited by Snapolit1; 05-15-2017 at 05:27 PM. |
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After the Ruth rookie card, the second highest grossing card in Heritage this week, the Mantle gem 10 56 Topps, only dropped $22,000 from the one they sold last Fall.
Bottoms up . . .more purple Kool Aid. Line is forming. |
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Third highest grossing card in Heritage, the Mantle 1951 Bowman, exceeded the last sale but is comfortably below the average sale price for the last year.
But everything is going up. Terrible how confused I was. Drink up. Last edited by Snapolit1; 05-15-2017 at 05:38 PM. |
#35
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The guy who won the one last fall is out and no longer bidding (only a guess, of course). Take one heavy bidder out and the price will go down. The market for six figure cards is thinner than the one for meat-and-potatoes cards (defined as those that most serious collectors will regularly pursue). The loss of even one bidder on the high end cards may lower the final price. Also, some of the six figure cards are plentiful. There are thousands of Sandy Koufax rookies but look what the PSA 9 went for in REA. It's a crazy price given the availability of high end examples.
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#36
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Not sure why people who disagree with a blanket statement like yours are drinking kool-aid. My entire collection isn't worth a quarter of one of these cards you use as examples, so I don't care much if a "market" is flat. I've never looked at baseball cards as a market. In other words, I have no dog in this fight. Last edited by RedsFan1941; 05-15-2017 at 05:46 PM. |
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nothing goes up and up forever. last year there were artificial forces driving up prices of common high grade cards. this combined with the shilling/reserve/auctions bidding on their items...past/resent behavior of auction houses has artificially driven up prices over the last few years.
if a minor correction is occurring...or more normal valuations are being realized...who cares? |
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If you consigned the top three selling cards sold at Heritage this week you got about $200,000 less than they sold for a few months ago.
Yeah, sure, its up up up. |
#39
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But to each his own--what a boring world this would be if everyone thought exactly alike! Regards, Larry Last edited by ls7plus; 05-15-2017 at 05:52 PM. |
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Fourth top grossing card In Heritage, the 52 Mantle, came in at $168K, same as REA but below recent average. Really below a 217K figure from 2015.
But I'm sure that too is shooting up in value. Gulp gulp. Yeah, I'll stop now. Done with the Kool Aid for one night. |
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Of course the thread degenerates into the dueling banjo data points. Tit for tat. And accomplishes what? Why would one care about what prices other people's cards are selling for? Just collect what you love to look at.
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#42
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Best wishes, Larry |
#43
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Since this has become a game of picking and choosing random cards to make an absurd point, I will play.
W600 green mount Lajoie is a PSA 5 holder with an MK sold in REA last spring for 45000. A different example in an SGC 4.5 holder sold last Thursday for 60000 in Heritage. Case closed. The baseball card market is up across the board 33 percent from a year ago. |
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Larry Last edited by ls7plus; 05-15-2017 at 06:04 PM. |
#45
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With rare exception, the market has dropped in the last 12 for most of the cards you guys talk about on this board. Pre war and post war. Ignore it if you want. I agree with Matty, collect what floats your boat. But acknowledge the economics of the market.
Heritage is an amazing auction house. And I have no doubt that if I looked at the top 20 cards they just sold more than 3/4 of them would be down from last Fall. |
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#47
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Because I posted that the market has weakened and I had a list of people quickly telling me I didn't know what the hell I was talking about.
I'm not a big fan of living in make believe worlds. Much prefer reality. We can all make believe all our cards are shooting up in value if it makes you feel better but it's simply not true. Last edited by Snapolit1; 05-15-2017 at 06:12 PM. |
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#49
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__________________
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#50
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For the cards and auctions I follow, 50s and 60s hof rookies are down from last year. Many other cards are up. The cards I've sold that were bought in the last year or two were sold for a profit. And the ones I'm after are going for more than I would have paId a year ago. If you think that means I'm living in a make believe world so be it. But it seems like reality to me.
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Successful transactions with peter spaeth, don's cards, vwtdi, wolf441, 111gecko, Clydewally, Jim, SPMIDD, MattyC, jmb, botn, E107collector, begsu1013, and a few others. |
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