Goldin T2o6 McCormick Collection 950+ cards...

[RCFire82]

Do we know the winning bidder on this one? I gave it some consideration (wife probably wouldn't have been my wife anymore lol). How great would it be to come up 950 t206's (66 Hindu backs) all in one fell swoop? I'm wondering if we'll see the market flooded with McCormick stamped backs and SLer Hindus?

[RCFire82]

Thinking about the value of this lot:

66 Hindu (mostly SLers) × $1,200ea = $79k
20 HoFers × $300ea = $6k
865 Remaining × $50ea = $43k

Purchase price $97k
Rough individual resale value $128k

Obviously these are ball park numbers. And grading would have a significant impact...but 20% to 30% return on $100k, be it an investor or a collector, this was a really awesome lot.

Agree/Disagree with the numbers?

[mrreality68]

Originally Posted by RCFire82

Thinking about the value of this lot:

66 Hindu (mostly SLers) × $1,200ea = $79k
20 HoFers × $300ea = $6k
865 Remaining × $50ea = $43k

Purchase price $97k
Rough individual resale value $128k

Obviously these are ball park numbers. And grading would have a significant impact...but 20% to 30% return on $100k, be it an investor or a collector, this was a really awesome lot.

Agree/Disagree with the numbers?

That is an impressive valuation and a nice upsale potential. Hopefully it went to a collector and not an investor.
As an investor if you did it as an Individual resale there is alot of time and effort but some nice money potential

[Schlesinj]

Originally Posted by RCFire82

Thinking about the value of this lot:

66 Hindu (mostly SLers) × $1,200ea = $79k
20 HoFers × $300ea = $6k
865 Remaining × $50ea = $43k

Purchase price $97k
Rough individual resale value $128k

Obviously these are ball park numbers. And grading would have a significant impact...but 20% to 30% return on $100k, be it an investor or a collector, this was a really awesome lot.

Agree/Disagree with the numbers?

I would assume the selling platform charge a fee for some these.

[parkerj33]

those are pretty close to the numbers i would use to evaluate the resale value...maybe $1000 per hindu just to be more conservative...and at least 10% would be eaten by resale platform (if using here and fb, it will take a very long time). That brings it mostly to a wash....

fyi, The lot did NOT go to the collector that is accumulating the mccormick stamps. Word is these were sold as a group by mccormick's family back in the 70s to the dealer that just sold them thru goldin.

My bet is that dean bought them.

- jp

[parkplace33]

Someone got a great deal on this lot.

[RCFire82]

Guess that answers that !
Congratulations on the amazing pickup Steve 👍

[Peter_Spaeth]

Originally Posted by parkerj33

those are pretty close to the numbers i would use to evaluate the resale value...maybe $1000 per hindu just to be more conservative...and at least 10% would be eaten by resale platform (if using here and fb, it will take a very long time). That brings it mostly to a wash....

fyi, The lot did NOT go to the collector that is accumulating the mccormick stamps. Word is these were sold as a group by mccormick's family back in the 70s to the dealer that just sold them thru goldin.

My bet is that dean bought them.

- jp

Do we know if as that collector has been accumulating them, he knew of this huge group that was out there?

[raulus]

Originally Posted by Peter_Spaeth

Do we know if as that collector has been accumulating them, he knew of this huge group that was out there?

Unless there are multiple such collectors, I think there was even an effort to start up a gofundme around here.