Quote:
Originally Posted by japhi
Those sales were "made" to pump the auction house, not the card IMO.. At 20% BP they only needed to pick up 5MM in additional consignments to get a positive ROI, even with the PSA 10 @ 200K. They likely picked up significantly more then that, the press on those sales was worth more then the value of the cards.
And I doubt the cards were paid for in the true sense of the word, it's generally understood they were "purchased" by investors in the auction house - Goldin raised something like 50MM prior to that auction. I'm guess these cards we some sort of 'in kind' transfer.
Either way, a whole bunch of BS, those sales were a joke when they happened and look even more ridiculous now.
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Matt Landry
As a company we do not make it a habit to respond to every comment on various forum message boards, however this is an out of line statement, surprised you would make such a public claim.
Please note the following
1. the 2 Jordan PSA 10s sold in January were purchased by 2 different, extremely well known wealthy US businessmen. Both cards still reside in each of their collections, both of which are 8 figure collections. We wish we could disclose the winners, but unless they do themselves we take client confidentiality seriously.
2. Neither of the 2 individuals are shareholders or investors in Goldin Auctions.
3. Both transactions were quickly paid for.