Heritage Results

pokerplyr80 · #1 08-29-2016, 04:08 PM

Quote:

Originally Posted by SAllen2556

You're really comparing a piece of cardboard graded by a (censored) to a Ferrari?
It's a crazy world we live in. I would love to meet one of these people and try to understand the thought process of 700k for a cheap piece of cardboard with a crappy photo on it.

At the peak of tulip mania, in March 1637, some single tulip bulbs sold for more than 10 times the annual income of a skilled craftsman. Now it's Rose mania.

Not directly. I'm just saying that collectors who can afford a 50 mil Ferrari probably see baseball cards a little different than you or I do. Someone else asked if anyone thought the Rose was a good investment at 700k, and if so, why. I do feel it was a good buy. If it ever sells publicly again this sale will look like a bargain.

iwantitiwinit · #2 08-29-2016, 04:46 PM

Quote:

Originally Posted by pokerplyr80

Not directly. I'm just saying that collectors who can afford a 50 mil Ferrari probably see baseball cards a little different than you or I do. Someone else asked if anyone thought the Rose was a good investment at 700k, and if so, why. I do feel it was a good buy. If it ever sells publicly again this sale will look like a bargain.

I don't see it. How many people do u think value a rose that high not many in my opinion. To garner a return I would think there would have to be several willing to pay 500k plus. I just honestly can't see that much chasing baseball cards. There has to be near 100 million in high grade cards purchased over the past 4-5 months. Even if it's an investment fund can't see that they have been seeded with much more. As for individuals even if you have 500 million in the bank i would be surprised if you allocate say 20 million to purchasing cards. A Ferrari is different it's a true object of desire for wealthy individuals world wide, the number of individuals willing to pay say 10 million for a single vehicle creates a sustainable supply/demand situation. If a fund is purchasing these cards I hope they have high and lengthy gates, they will find liquidity difficult if there are redemptions and when that happens you don't want to be the last one in

oldjudge · #3 08-29-2016, 05:14 PM

LOL, for $700k I bet Pete would move in with you.

cincyredlegs · #4 08-29-2016, 05:16 PM

Does anyone know what the T206 sold for?

Thanks,

Mark

Sean · #5 08-29-2016, 05:32 PM

Quote:

Originally Posted by cincyredlegs

Does anyone know what the T206 sold for?

Thanks,

Mark

Which one?

cincyredlegs · #6 08-29-2016, 08:26 PM

Quote:

Originally Posted by Sean

Which one?

Sean,

It was the one that had about 50 graded cards. It was going for $18K before the juice with 2.5 hours left.

Mark

Sean · #7 08-29-2016, 11:33 PM

Quote:

Originally Posted by cincyredlegs

sean,

it was the one that had about 50 graded cards. It was going for $18k before the juice with 2.5 hours left.

Mark

$22,700

Leon · #8 08-29-2016, 05:17 PM

Quote:

Originally Posted by oldjudge

LOL, for $700k I bet Pete would move in with you.

I thought you said that one had your name on it, Jay?

oldjudge · #9 08-29-2016, 05:22 PM

Nah, I missed out on Joe Frasier's jock strap so I holding out till Pete's comes to auction.

JeremyW · #10 08-29-2016, 05:28 PM

Quote:

Originally Posted by oldjudge

LOL, for $700k I bet Pete would move in with you.

Nailed it.

Peter_Spaeth · #11 08-29-2016, 05:44 PM

PSA has graded 28 mint Rose rookies. One (for now) carries an arbitrary "10" designation. I would not like my odds of being able to pick that 10 out of the group if I could not see the flips. When the value of something derives solely from the flip a TPG puts on it, and not from its intrinsic qualities, I would not feel confident in its investment potential.

And I am not impressed with the argument about people being so rich what's a million for a Rose rookie. The hobby has always had its share of wealthy collectors, but historically prices have never been anywhere close to some of these levels.

irv · #12 08-29-2016, 08:10 PM

Quote:

Originally Posted by SAllen2556

You're really comparing a piece of cardboard graded by a (censored) to a Ferrari?
It's a crazy world we live in. I would love to meet one of these people and try to understand the thought process of 700k for a cheap piece of cardboard with a crappy photo on it.

At the peak of tulip mania, in March 1637, some single tulip bulbs sold for more than 10 times the annual income of a skilled craftsman. Now it's Rose mania.

Like the Ferrari, the card is also viewed the same, it is just an object/investment vehicle.

I am sure there are "True" collectors of both high end auto's and cards but I also believe there are those that only view these things as items and investment vehicles, nothing more.

An investment vehicle is a product used by investors with the intention of gaining positive returns. Investment vehicles can be low risk, such as certificates of deposit (CDs) or bonds, or carry a greater degree of risk such as with stocks, options and futures.

Topnotchsy · #13 08-30-2016, 05:38 AM

On the other end of the spectrum (maybe of less interest to people in this thread) but the items related to the world Tours (1922, 1924, 1931) largely sold for far less than estimated prices. Seems like other than the '34 Tour and some items from the '31 Tour, interest is not particularly high.

Exhibitman · #14 08-30-2016, 07:14 AM

what I find interesting is that the "rich people don't care" argument is never advanced by the rich. I have a feeling that guys with millions to spend didn't get there by being spendthrifts.

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