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#1
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Do we have too many T206 Ty Cobb back in the market now?
Do we have too many T206 Ty Cobb backs in the market now? Last nite's REA T206 Ty Cobb back PSA-1.5 sold for $138,000 which was a nightmare price for the owner since the same card was sold for $192,000 in 2016.
As far as I remember, there were at least 3 other T206 Ty Cobb backs in public auction this yr. They were in various conditions and all sold at flat price if not less. It makes them seem like they are as common as T206 Plank (I obviously understand that's not the case). Any thought?? Last edited by chriskim; 12-09-2019 at 08:09 AM. |
#2
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The one that sold last night was purchased before the Lucky Seven find emerged. I’m not surprised the price was down. More supply, less demand.
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#3
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A PSA 1 sold for 148k earlier this year. This was a better card and sold for 10k less.
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#4
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Quote:
Attachment 377112 This is the card referenced. I believe that five or six have been sold this year, including private sales. That is an amazing number considering that only 23 are known. The price would inevitably decline in the short term because of the large supply. Long term the price should continue to climb, but of course another "find" could greatly affect supply as well. Last edited by Leon; 12-16-2019 at 05:55 PM. Reason: rotated images |
#5
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This PSA-1.5 was from the Lucky Seven Find.....
From REA: This card, along with the other six cards from the find, was offered for sale privately by a representative of the family immediately upon the cards' return from professional grading in early 2016. It appeared for the first time at public auction as Lot #1 in REA's Fall 2016 sale, realizing an auction record price of $192,000, on behalf of a collector who purchased it in the first hours of availability following the find. Now, three years later, we are offering it again on behalf of the winner from the 2016 auction. It is our opinion that this find served to increase the stature and value of the T206 Ty Cobb with "Ty Cobb" back in the years following the find, and will continue to do so into the future, as a result of the increased availability of, and increased attention to, this iconic rarity. |
#6
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IMO...now that there are "a lot" of them on the market as compared to 20-30 years ago...this card has become a "flippers" card. No longer is it a card you hold forever because it is so rare.
Similar to BSF E98...there are so many out there they are "flippers" cards. It's significantly more common now than many T206 red cobb backs. Last edited by ullmandds; 12-09-2019 at 08:19 AM. |
#7
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I thought all the T206 cobbs were off. What do you expect with the flood of them in the auction.
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#8
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How many are known to exist?
I have one of the 2016 NSCC Promo versions and it will be the closest I will ever come to owning one. |
#9
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Quote:
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#10
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Cobb / Cobb
I agree that some cards can be too scarce for their own good. The perfect card to have (in my opinion) is one of Cobb or Ruth that hits the sweet spot on the combined pop charts...somewhere in the 20-30 range...available, but just available enough to be chased by people willing to pay a reasonable amount to have the card. The Cobb / Cobb has this going for it. It's a cool card, but unlike some, I've never really focused on rare backs...
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#11
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Who is the person who has deemed this a real card ? If I would have presented it to a grading company with a glossy front etc., I'm sure it would have been returned to me as a fake ( unable to grade).
That being said , I wish I had the funds to own one, since I think it is a good buy at it's present price ( that is if no more hoards are found ).
__________________
Wanted : Detroit Baseball Cards and Memorabilia ( from 19th Century Detroit Wolverines to Detroit Tigers Ty Cobb to Al Kaline). |
#12
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I was disappointed with the price last night - yes, there was paper loss on the bottom that removed some of the name, but the front picture is nice and the back clean. I think it is either (i) Too much supply recently for the relative demand (only so many at any given time who can buy that kind of card) -- I think this is most likely; or (ii) Its such a major card that those in the market to buy one are being prudent/picky about which example to buy. We all have spent major money (relatively speaking) on a card and hated looking at it because of a flaw and regretted buying it. It sucks when you regret a large purchase like that and maybe that is happening -- missing name from paper loss, out of focus front, creasing, etc.
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#13
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@Rhotchkiss, that's your card? It is a nice card but comparing that to the rest of the Lucky 7 finds, it doesn't look as attractive anymore. |
#14
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Is the one that sold last night my card? No. I dont know whose card it was, nor do i know who won it. I think its a great card though and the buyer did well.
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#15
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Referring to the question in the OP. No, I do not have too many T206 Ty Cobb back in the market currently. You?
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#16
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I took a look at the auction, and noticed a LOT of greens for sale, but very few bat offs. Is 2020 the year of the bat off?
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Tanner Jones - Author, Confessions of a Baseball Card Addict - Available on Amazon www.TanManBaseballFan.com |
#17
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I wouldn't discount
the potential effect of all of the great material in multiple auctions in a very short time span nor the effect of the whole PSA/PWCC debacle that has likely chased a few collectors to the sidelines. NOT the Cobb, but I know I didn't place a bid that I otherwise would have on a bigger ticket card because I had already won so many other cards in the different auctions.
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#18
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It's hard to see a card that's unattainable for the majority of the collecting community as being too prevalent in the hobby.
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#19
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Quote:
It's a great card I'd love to own and whoever got it I am sure is thrilled with it.
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Read my blog; it will make all your dreams come true. https://adamstevenwarshaw.substack.com/ Or not... Last edited by Exhibitman; 12-19-2019 at 01:10 PM. |
#20
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Supply and demand. Lucky seven allowed more purchases but the prices have fallen. The market has set the price for the 7 more available. Unfortunate for those that owned them before but great for collectors as more became available.
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#21
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It's all relative I suppose? When the handful were found and all auctioned at once through REA years ago...one could be had for around 22K...that cards now 6 figures?
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