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  #41  
Old 03-15-2017, 12:44 AM
Beastmode Beastmode is offline
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Originally Posted by irv View Post
Any thoughts on the above posted links and how they finished?

Is the Mays higher/lower than previous sales, is the Runnels a new high, and what's everyone's thoughts on how the Mantle finished?

Personally, I don't recall seeing some of the prices that were realized with some of lowered numbered 52 Topps cards, but maybe I haven't been around long enough?
The Mays sold for $235K, about $100k under the average. This same card/same cert, was bought on Heritage for $382K seven months ago. Ouch, someone took it on the chin here. Although at Heritage it's entirely legal to shill and retract bids, so I would personally never use their sales data.

In full disclosure, I love this card. Possibly my favorite card of all time, with his '53 a close second.
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  #42  
Old 03-15-2017, 10:17 AM
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irv irv is offline
D@le Irv*n
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Originally Posted by Beastmode View Post
The Mays sold for $235K, about $100k under the average. This same card/same cert, was bought on Heritage for $382K seven months ago. Ouch, someone took it on the chin here. Although at Heritage it's entirely legal to shill and retract bids, so I would personally never use their sales data.

In full disclosure, I love this card. Possibly my favorite card of all time, with his '53 a close second.
Without making it to your, "About seven months ago" part, I was thinking, I bet this card sold last summer.

Hopefully the $147,000, that the previous owner lost, is like pocket change to him?
I was thinking and wondering how the $80,000 Koufax, that sold last year was doing, then I found a PSA 9 that sold at Heritage for $215,000 with the BP. Never heard about that one? I believe there are now 3 PSA 10's on the market, but maybe that number has already changed?
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  #43  
Old 03-15-2017, 11:47 AM
Jdoggs Jdoggs is offline
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Originally Posted by irv View Post
Without making it to your, "About seven months ago" part, I was thinking, I bet this card sold last summer.

Hopefully the $147,000, that the previous owner lost, is like pocket change to him?
I was thinking and wondering how the $80,000 Koufax, that sold last year was doing, then I found a PSA 9 that sold at Heritage for $215,000 with the BP. Never heard about that one? I believe there are now 3 PSA 10's on the market, but maybe that number has already changed?
PSA 8 Koufax rookies are now selling for around $10k each.
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  #44  
Old 03-15-2017, 02:06 PM
Johnny630 Johnny630 is online now
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This recent sale of the 52 PSA 9 Mays for the 100k+ loss is a signal to me that the big investors might slow their short term, less then 1 year, exposure for 9's. Idk this is interesting and educational to watch for sure :-)

Last edited by Johnny630; 03-15-2017 at 02:08 PM.
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  #45  
Old 03-16-2017, 06:51 AM
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buymycards buymycards is offline
Rick McQuillan
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Default "The market"

I may be wrong, but I would think that the vast majority of the members of Net54 don't give a hoot about "The Market". We collect cards, maybe sell a few cards, and we are very happy with our lower grade collections. We enjoy the chase, and we collect cards that are meaningful to us. I think most of us sell our excess cards so we can use the money to buy more cards for our personal collections. As far as what a 52 PSA 3 Mantle will be worth 10 years down the road - I don't care.

Rick
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  #46  
Old 03-16-2017, 11:36 AM
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JustinD JustinD is offline
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I may be wrong, but I would think that the vast majority of the members of Net54 don't give a hoot about "The Market".

Rick
This is how I feel.

In my personal opinion, if you are in sports cards for an investment...you are a poor investor. Yes, the market has shown it can be manipulated by the unsavory as it is small. I don't believe this will go unnoticed by the government much longer due to the current cash flow some of those involved are tossing around.

In 10 years I only see the same ups and downs we see today and the values will be fairly steady as a whole. The long, long term...only downhill as collectors age and pass away. Does this affect my collecting? Not at all as it is a hobby, not my retirement planning.
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Player collecting - Lance Parrish, Jim Davenport, John Norlander.

Successful B/S/T with - Highstep74, Northviewcats, pencil1974, T2069bk, tjenkins, wilkiebaby11, baez578, Bocabirdman, maddux31, Leon, Just-Collect, bigfish, quinnsryche, etc...
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  #47  
Old 03-16-2017, 02:21 PM
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Bob Davies
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Originally Posted by kailes2872 View Post
Of course, the reality will be that every card that I will be looking for then will be experiencing all-time highs and every card that I own will be experiencing a market dip.
That's how I buy and sell securities...
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  #48  
Old 03-17-2017, 12:31 PM
100backstroke 100backstroke is offline
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Default investments...

As a tax guy, I see a lot of different investment transactions - Government bonds, basic interest accounts at the bank, speculative stocks, blue chip stocks, high dividend yielding mutual funds, single family rentals, small businesses, etc.

Cards are investments, not mainline, but they are investments. Tough to imagine that anybody thinks, gee, I am buying cards, but have no hopes of them ever increasing in value.

Be smart and don't build your entire portfolio around them. However, if done right, they can be investments that DO yield a positive rate of return. I have accumulated pre-war cards of major HOF'ers mostly in PSA 5 and 6 grades: T206's of Cobb, Matty, Walter Johnson and Cy Young. 1920's Exhibits of Ruth and Gehrig. A Satchell Paige here, a Jimmie Foxx there, A very nice PSA 8 run of Hank Aaron's, and similar type stuff.

The long term result (10 year hold plus) has seen some nice price appreciation. I am glad I have them built into my portfolio as investments. Just my 2 cents.

Last edited by 100backstroke; 03-17-2017 at 12:32 PM.
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  #49  
Old 03-17-2017, 04:47 PM
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JustinD JustinD is offline
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Originally Posted by 100backstroke View Post

Cards are investments, not mainline, but they are investments. Tough to imagine that anybody thinks, gee, I am buying cards, but have no hopes of them ever increasing in value.

The long term result (10 year hold plus) has seen some nice price appreciation. I am glad I have them built into my portfolio as investments. Just my 2 cents.
I have been doing this (for the most part) 30+ years.

Appreciation is only guaranteed in my eyes, not in value.

I went through many phases of my collection crashing after booms like we have seen in the past few years, ask the 90s guys. If I don't lean on a hope that demand outpaces supply and just enjoy myself I will not be disappointed.

If your window is only the last 10 years, then yes you have been in a phase of appreciation. How long the PSA love lasts with outside investors depends on a reputation with a constantly eroding base.

Just enjoy the collection and if something good happens value wise, enjoy that too.
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Player collecting - Lance Parrish, Jim Davenport, John Norlander.

Successful B/S/T with - Highstep74, Northviewcats, pencil1974, T2069bk, tjenkins, wilkiebaby11, baez578, Bocabirdman, maddux31, Leon, Just-Collect, bigfish, quinnsryche, etc...
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  #50  
Old 03-19-2017, 06:38 AM
Timbegs Timbegs is offline
Tim B
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I have often wondered what will happen in 10-20 years when most of the people who could have pulled these cards from packs and their peers have passed. I think many adults who collect - of all ages - are reliving their youth, chasing cards they had or coveted as a child (guilty!). Granted, I am 37 and have never collected cards that were from my lifetime. When me and my friends went to the card shop, they bought packs of NBA Hoops while I saved up and bought a Willie, Mickey or Duke. My favorite cards have always been mid to low grade from that era 1951-1969. With little exception.

I have never been able to draw a conclusion. Up, down, stays about the same? Hard to say - and much like the stock market, there are both predictable and unpredictable factors and we're really just guessing...
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