REA Results and "The Market"

[CMIZ5290]

This card went for an astronomical figure. It was obviously hacked top to bottom, hardly any borders top and bottom, and it was even disclosed by REA (to their credit). I wouldn't have paid $1500 for it.......

[CMIZ5290]

T206 Al Burch was a fantastic value at $2350, Wildfire Schulte for $3100 was also a solid buy, IMO......

[bcbgcbrcb]

James:

You are saying that a consignor has the right to do whatever they want with "their" item even after entering into a contract to auction it with a house?

[ullmandds]

Had I known I could do that...I'd have pulled my RC Lowdy!!!!

[ullmandds]

I'd like to wish a belated congratulations to the consignor(is he a board member...maybe?)of the frederick foto ruth...what an awesome card...so rare...a unique straight on pose with the red sox...big bucks!!!!!!

[Wymers Auction]

Originally Posted by bcbgcbrcb

James:

You are saying that a consignor has the right to do whatever they want with "their" item even after entering into a contract to auction it with a house?

No, not at all Phil. I do not think it is right for them to back out, but legally it is a losing situation to try and make them sell their items.

[bcbgcbrcb]

I would think that the appropriate verbiage would be in the consignment contracts not to allow that, no?

[Wymers Auction]

Phil I agree with everything you have said. My only point is that is not easy to take action on. You are right consignment contracts should spell out everything including payment times, consignors not allowed to bid on own items, what to do if items are not sold, etc.

[bcornell]

The one that left me speechless was the lot of N288's, which got $500 per card with the vig. For any non-sport set to get those prices is astounding, I think. They've never sold for anywhere near that before.

Bill

[CW]

While I can't comment on the overall auction results, or the overall market for certain sets, I did follow a few auctions closely and noted some interesting results in a few areas...

The Boston Garter uncut panel of 4 received no bids during extended bidding, if I recall correctly. Just thought it was interesting that such a high profile item within the auction did not have a heated bidding war in the wee hours of the morning.

The market for T206 freaks proved strong once again as the miscut T206 Mickey Doolin sold for a strong price ($9,480). Although I'm no freak expert, I thought the group of four "printing anomalies" with very cool ghost backs was a comparative bargain, considering you got four cards, one of which is a HOFer, and the ghost backs look cooler than a miscut, in my freakish opinion.

One card that seems to be on many wantlists, the 1914 Cracker Jack Ty Cobb, earned a strong price, although it was a sharp SGC 10 if you could look past the pinholes. The card sold for just over $5300.

This REA auction featured a total of four T3 Turkey Red Ty Cobb cards, and once again we saw collectors paying higher prices for the better card, not necessarily the higher grade, as this PSA 4.5 sold for a bit more than this PSA 5. Both sharp cards, with the 4.5 looking a touch better overall. The two lower grade T3 Cobbs, both SGC 20s (1.5s), earned differing closing bids, again with the better looking card getting $500 more with BP, despite both cards having the same technical grade from SGC (link and link).

And finally, I'm not sure what this says about the market for N43 Buck Ewings, but the REA SGC 50 example had a strong closing bid at just over $5K. The card was typical for the grade, but the price was surprising considering the same card in the same grade just sold at Heritage for around $2900, and a PSA 5 was shipped to the winning bidder in the most recent Goodwin & Co. auction for $4,193.56. If nothing else, these varying prices over just a couple months just reiterate what we all knew -- REA gets some of the best prices in the AH venue.

[Bosox Blair]

Originally Posted by CW

And finally, I'm not sure what this says about the market for N43 Buck Ewings, but the REA SGC 50 example had a strong closing bid at just over $5K. The card was typical for the grade, but the price was surprising considering the same card in the same grade just sold at Heritage for around $2900, and a PSA 5 was shipped to the winning bidder in the most recent Goodwin & Co. auction for $4,193.56. If nothing else, these varying prices over just a couple months just reiterate what we all knew -- REA gets some of the best prices in the AH venue.

I was an underbidder (and maybe "the" underbidder) on the Goodwin N43 Ewing in a 5...gorgeous card, which I thought sold for fair value. I thought the REA one was way high.

Cheers,
Blair

[Bridwell]

I was surprised that "trimmed" T206 commons in PSA 8 were selling for almost $2000. It's amazing that collectors trust PSA more than they trust REA!

[jhs5120]

Originally Posted by Bridwell

I was surprised that "trimmed" T206 commons in PSA 8 were selling for almost $2000. It's amazing that collectors trust PSA more than they trust REA!

I think some bidders missed the disclaimer in the listing..