Steve Novella's PSA 8 T206 Auctions--A Market Defining Event?

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Posted By: JimCrandell

It will be interesting to watch Steve Novella's auction of a considerable number of T206 PSA 8 commons on ebay.

He has pop 1s starting at $10,000
Pop 2s starting at $5,000
pop 3s starting at $3,000
pop 4s starting at $2,000
pop 5s starting at $1,500
pop 6s and above starting at $1,000

Should be a lot of action--for those of you who don't know him, no better, more honest dealer than Steve to deal with.

Jim

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Posted By: Joe D.

but I have recently marveled at the stuff he has available for sale.

good to hear he has your confidence...
I was going to ask the board about him -
and you beat me to the punch.

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Posted By: MVSNYC

Jim- i've been watching these 8's. the 1/1 examples will NOT sell at $10,000 each. the only one who MIGHT get a few at that price is Don Loucios, but i doubt he would go that high. i would also be surprised if the pop 2 cards sell at $5000. the higher pop cards should get some action.

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Posted By: JimCrandell

Joe,

I have known him for close to 20 years and cannot say enough good things about him.

Mike,

Oh, okay--I guess I will pull my $5,000-$10,000 bids?

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Posted By: PAS

On this one I completely agree with Jim C. I have the highest regard for Steve.

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Posted By: MVSNYC

Jim- there's no starting bids on those low pop cards, what are talking about?

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Posted By: JimCrandell

Not out there yet--I was kidding--just think its premature to say they will not get bids--according to Steve the inquiry level is high.

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Posted By: Zinn

Might someone want to provide a link to his auctions or provide an ebay handle? Thanks

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Posted By: JimCrandell

He is an advertiser here, double click on his ad--also just punch in T206 psa 8 on ebay and then hit seller's other auctions and they will all pop up for you.

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Posted By: Jim VB

http://stores.ebay.com/Steve-Novellas-PSA-Graded-Cards


Steve is one of our banner advertisers here. If you keep refreshing the page, his ad will come up. Then you can just click and go to his Ebay store.



(Edit to fix the link.)

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Posted By: MVSNYC

Jim- true, maybe too premature, and i hope Steve does well with these cards, i guess i should say "i'd be surprised" IF...

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Posted By: Zinn

Thanks guys. I knew he was an advertiser but didn't know the refresh method of finding him.

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Posted By: Jeff Lichtman

I think we're all curious how Steve's cards fare - high prices for very high grade common T206s with low pop. Interesting to see how this shakes out.

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Posted By: Wesley

Aren't some of these the T206s that were listed on ebay a few months ago and went unsold? Has Steve lowered the prices since last time?

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Posted By: John Basilone

Jim,

Do you own or did you own any of these cards? Just wondering.

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Posted By: peter ullman

i personally think this "experiment" will prove the market is a little softer for high grade t206's than one may think. that matty was my first vintage card when I was a tot...some beaters aint so bad!

pete in mn


edited size

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Posted By: MVSNYC

OK, i actually am giving this some thought, and here are my predictions...let's see how close i come...

Pop 1s starting at $10,000...Loucios might get one or two, but doubtful at that price. i think Loucios & Spence will stay away from these.

Pop 2s starting at $5,000...IF Loucios or Spence need any of them, they will probably get some in the $5000-5500 range. IF they BOTH need the same card(s), then you will see some fireworks ($6000-8000?).

Pop 3s starting at $3,000...might sell $3250-3750. here is where Scott Ireland might come into the game.

Pop 4s starting at $2,000...might sell $2000-2500.

Pop 5s starting at $1,500...should sell $1500-1700.

Pop 6s and above starting at $1,000...should sell $1300-1500.

by the way...are there any 9's above these cards, or not? because that will, obviously change the whole landscape...


Michael Sarno

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Posted By: Keith O'Leary

I don't always , but on Steve Novella's reputation as being an honest, 1st rate, affable and no BS person to deal with, I completely agree with Jim and Peter. I wish him the best of luck with these cards.

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Posted By: JimCrandell

Michael,

You are an expert in the set but I think you may be surprised. Don Louchios has paid over $10K for a pop 1 common in the past. Don Spence is a player and tough to beat if he wants a card. Ireland is a player and we just may see some new bidders.

Whatever--as I said--I think this will be a market defining event.

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Posted By: MVSNYC

"Don Louchios has paid over $10K for a pop 1 common in the past. Don Spence is a player and tough to beat if he wants a card. Ireland is a player..."

Jim- that's pretty much paraphrasing my post...i think we are actually in agreement on the situation...IF these guys need these super low pop cards, we will see fireworks, as i mentioned...the higher pop cards will have less exciting final prices...

thank you for your compliment, you have my respect, as well.

MS

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Posted By: barrysloate

In a sense the value of these cards will be determined by who one is bidding against. You will probably see some volatility with incredibly high and surprisingly soft prices at the same time.

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Posted By: Cobby33

So much for my quietly taking all of them...

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Posted By: MVSNYC

cobby- you take the $10,000 ones, and we'll take the rest

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Posted By: JimCrandell

Barry,

No such thing as surprisingly soft--the only soft price is a no bid.

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Posted By: cmoking

I'll put in another good word for Steve Novella. I haven't actually purchased any cards from him in the recent past, but I have asked about a few cards, looked at some more and asked for a few scans. Every time, he was courteous, quick to respond and generous with his time and information. It just happened not to work out as far as a sale was concerned, but I wouldn't hesitate to buy from him if the card and price were right for me.

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Posted By: barrysloate

Jim- I should clarify.

Suppose there are two pop 4's in the auction. In one case the big three collectors each already have an example. In the other, each of the big three happens to need it.

What is the difference in price between those two cards?

And I too should add that Steve is a real good guy and I wish him well with the sale.

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Posted By: JimCrandell

Barry,

I agree there may be big differences in prices. All I am saing is that the minimums are set high enough that as long as there is 1 bid the seller should not be too disappointed

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Posted By: boxingcardman

This topic "outs" ongoing auctions on ebay and is contrary to this board's often-expressed policy against doing that sort of thing. I don't intend to bid on any of these cards but I do not appreciate your outing an ongoing ebay auction.

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Posted By: Marc S.

I offered up one of my T-206 PSA 9 MINT Fred Jacklitsch cards a few months ago, and didn't get a bite at $7,500. But I guess the PSA 8's are more valuable

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Posted By: JimCrandell

BCM,

Honestly don't care if you appreciate it or not--I appreciate almost none of your posts.

It is a market defining event in the post popular pre-war set that exists. And the post has quickly developed into one of the most hotly talked about posts on the board.

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Posted By: MVSNYC

Marc- your PSA 9 is 1/4...

don't get me wrong, i would prefer a PSA 9 (i've owned about 6 or 7 of them in the past, and they are so stunning)...

but, in the eyes of the top set reg guys, a 1/1- 8 non-higher, might as well be a 10...

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Posted By: Steve Murray

"It is a market defining event in the post popular pre-war set that exists. And the post has quickly developed into one of the most hotly talked about posts on the board."

Edit: I agree that it is a hotly talked about post.

Like someone interested in high grade T206 would have missed them had they not been "outed". GMAFB

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Posted By: JimCrandell

Marc,

Shame on you for trying to get $7500 for a pop 4--you as well as anyone know that its all about the pops.

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Posted By: Rob

I have to 2nd BCMs thought. If we can't out other ebay listings, these should be no different. I don't have a personal interest in the auctions, but if they are "landmark" then we can still talk about it when its over and throw a parade or whatever you wanna do. Too late now.

Rob

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Posted By: Steve Murray

I think there is a difference to be had here. If an item is correctly listed in it's proper category and is one that anyone would have been able to find irrespective of an "outing" I believe our moderator has stated that the rule may be relaxed in such instance.

Edited for sloppy typing errors.

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Posted By: Matt

Let's let the mod do his job; if you don't think he's doing it well, send him an email. I don't think we should be debating here which posts belong unless the mod asked us to do so.

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Posted By: PAS

I don't see where Jim did anything wrong.

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Posted By: Rob

"Like someone interested in high grade T206 would have missed them had they not been "outed". GMAFB"

Steve, I don't think anyone that actively LOOKS for high grade T206 cards would necessarily miss these auctions, but I think posting the active auctions and getting all this excitement going on a popular forum as this would certainly attract some attention from investors that perhaps wouldn't even have known the population rarities of these cards.

I'm a relative newbie to net54 (like 6-9 months? a year? I dunno) and I keep hearing that proper etiquette is to not "out" active listings, so just thought I'd offer my POV.

I certainly hope the best for Steve Novella and his auctions!

Rob

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Posted By: Steve Murray

I see your point and respect your position but I'm not real sure there are many investors lurking on this board to make any difference.

It would be nice if the moderator would wade in on his position regarding this matter. (But I guess he's too busy out looking at those 500,000 card finds)

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Posted By: Matt

Assuming the mod is watching, by allowing the post to continue, hasn't he weighed in?

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Posted By: Steve Murray

To “wade in”

“To plunge into, begin, or attack resolutely and energetically”


To “weigh in”

“To make a forceful statement in a discussion”

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Posted By: Matt

The grammar police are out in full force today! Is it near the end of the month and you guys have to fill a quota?

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Posted By: leon

The subject of "outing" ongoing auctions has been successfully debated on this board many times. Although I cringe at seeing them outed there just can't be a rule against it. I sincerely hope folks don't do it but if it happens it happens. There is NO RULE against it.


Since Steve N. is an advertiser I do wish him the best with the auctions and, from all I have heard and know, he is a wonderful person to deal with. I don't know of anything that can't be debated on the board so have at it.....btw, I was just at a postcard show with Rich Klein, in Richardson TX, and it was fun but not too productive. I saw one Colgans chip common in gd- condition with a price tag of $150....and the lady said she could do $125..... Obviously, not a baseball card dealer....

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Posted By: Elliot

Jim, would one be correct to assume that if you manage to talk these PSA 8 t206's up to a high enough price that you will re-consign your PSA 8 t206's, that went unsold, to Steve Novella again?

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Posted By: Marc S.

It's not like any of the four Jacklitsch PSA 9s have been offered publicly in the last 6 years.

At any rate -- if you can get a PSA 9 for $7,500 -- wouldn't it make sense to get a PSA 9 and a PSA 7, spend less than $10k total, instead of paying $10k apiece for PSA 8 Pop 1s? It has the same Registry impact.

And Jacklitsch is really tough in PSA 8, too -- there's only two of them. What are those worth?

Don't mean to hijack this thread. I just find discussions like these somewhat funny. Perhaps let's revisit if a whole bunch of PSA 8 pop 1s actually sell for $10k. I think there are enough PSA 8s in pop 1/2 that have sold in auction format (and not fixed price) that give a much more realistic estimation of value.

m

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Posted By: JimCrandell

Marc,

It was all said tongue in cheek.

I think the card is worth $7500.

Jim

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Posted By: jay behrens

I don't see what's the problem with "outing" these auctions. It's not like they are going to sell cheap or poorly described or in the wrong category. People get upset when an auction is outed when that auction is poorly described, in the wrong category and the potential exists to get the item cheap.

Jay

The richest person is not the one who has the most, but the one who needs the least.

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Posted By: boxingcardman

We've had this discussion before and while there is no rule, it is something that many on this board do not appreciate, myself included.

It also smacks of unseemly apple-polishing when someone with a major investment in similar cards that he's offered for sale through the same seller touts that seller's very high priced auctions.

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Posted By: dstudeba

I agree with Adam. The argument that "Oh everyone would have seen it" has been used before and is BS. I can think of a particular rare, highly desirable card that was properly described and put in the right place on eBay within the past year. Someone brought it up on NET54 while it was going on and people said "No worries, everyone saw it". The winner later told me that he saw it because of the thread, since he didn't have time to comb the whole Pre-30s singles section.

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Posted By: JimCrandell

This is a major newsworthy event with significant implications for pricing of the most popular set around.

I don't see anyone complaining when Barry posts a thread about his auction ending tonight.

Also to suggest I am doing this so I could sell my own cards is nothing short bof ludicrous.