REA bids - health of the hobby

[uniship]

honestly with the way things have been going - I bet that card would sell for even more - perhaps MUCH more - than $2m

[T206Collector]

It is hard to ignore the market, but every once in awhile it gives me nausea to consider the irrationality of a market for little pieces of cardboard with baseball players on them that carry little to no value in any other part of the world, and are not directly correlated to any form of universal currency like gold. It's like art, I guess, and I seem to calm down more when I think of it as so. Picasso may be hot today, but maybe in 50 years people will think he is crap - another totally irrational market.

[goudey1933]

I'm just throwing this scenario out there....PSA goes out of business....what would happen?I know there not but lets pretend.
Scott

[glchen]

Originally Posted by goudey1933

I'm just throwing this scenario out there....PSA goes out of business....what would happen?I know there not but lets pretend.
Scott

Discussed before here: Link

[4815162342]

Originally Posted by T206Collector

It is hard to ignore the market, but every once in awhile it gives me nausea to consider the irrationality of a market for little pieces of cardboard with baseball players on them that carry little to no value in any other part of the world, and are not directly correlated to any form of universal currency like gold. It's like art, I guess, and I seem to calm down more when I think of it as so. Picasso may be hot today, but maybe in 50 years people will think he is crap - another totally irrational market.

If the card market crashes, it'll just mean I can buy more cards.

[bobfreedman]

Retracted

[pokerplyr80]

Originally Posted by bobfreedman

i know of two recent transactions for a PSA 9 Mantle, one was for $3 million and the other for $3.75 million

I hadn't heard about the 3.75m sale. I guess 5 or 6 would be on the low side of an estimate for a 10 today then. If people with that kind of money are investing in cards the recent run up we've seen could just be the beginning.

[Republicaninmass]

There inevitably comes a point where people decide enough is enough. I can't be the only one skeptical about some of these 'private' or even public sales both posted here, and with regard to the recent Cobb/Cobb backs. Again only time will tell, and I hope when I go to sell, these same people are still buying without hesitation.

[pokerplyr80]

Originally Posted by uniship

honestly with the way things have been going - I bet that card would sell for even more - perhaps MUCH more - than $2m

You're right about that. A 9 would sell for more than 2 mil right now. A 10 who knows? I would guess 5 or 6.

[kailes2872]

Originally Posted by pokerplyr80

You're right about that. A 9 would sell for more than 2 mil right now. A 10 who knows? I would guess 5 or 6.

So is the PSA 10 #311 the most valuable card in Ken Kendrick's collection on the trimmed T206 Wagner?

[pokerplyr80]

Originally Posted by kailes2872

So is the PSA 10 #311 the most valuable card in Ken Kendrick's collection on the trimmed T206 Wagner?

It would be interesting to find out. I think they would be pretty close right now. It doesn't sound like he will ever sell either but maybe some day. It wouldn't surprise me if some private collector with a lot of money offered 10m for either of those cards privately.

[glchen]

I thought Kendrick owned two of the PSA 10 1952 Topps #311 Mantles...