52 Mantle's. Will they sell for asking?

Canofcorn · #1 01-29-2017, 11:24 PM

Just sold my SGC 4 via Goldin. I was hoping for 1 more bid, but that's fine.

My wife is on cloud 9, it's all about perspective I guess.

Loved owning it but it's on to the next one!

Going Trout fishing

bobsbbcards · #2 01-30-2017, 08:12 AM

Quote:

Originally Posted by Canofcorn

My wife is on cloud 9, it's all about perspective I guess.

Loved owning it but it's on to the next one!

Hopefully, you don't mean you're on to the next wife. If so, don't let her read that.

sflayank · #3 01-30-2017, 08:41 AM

it is a HUGE drop
if someone really paid 169k
and then sold for 135k...thats with buyers premium
paid 169k then realized 112k
thats a 57k loss 33% approx...not 20
how about the rose rookies selling for 15-18 now selling for 4k 75% drop?
clemente 8s from 50-30
koufax 8 from 30 to last night 9K? wow

1952boyntoncollector · #4 01-30-2017, 08:46 AM

Quote:

Originally Posted by sflayank

it is a HUGE drop
if someone really paid 169k
and then sold for 135k...thats with buyers premium
paid 169k then realized 112k
thats a 57k loss 33% approx...not 20
how about the rose rookies selling for 15-18 now selling for 4k 75% drop?
clemente 8s from 50-30
koufax 8 from 30 to last night 9K? wow

i dont think we can compare clemente and rose rookies with the rookie mantle.

just like one low sale cant be 100% of trend...the same can be said with one lone high sale. like you said 'if someone really paid 169k' if you show me 5 cards in a row that sold for 140-160k and the sixth one sold for 100k...thats a lot different to pointing to one sale of a card for an amount that we arent even sure if someone really paid for it\

i posted awhile ago though that mid to low grade mantles were due to fall...its a bit of a pyramid scheme when the buyers of these cards are just going to try the flip them

Peter_Spaeth · #5 01-30-2017, 09:30 AM

[QUOTE=sflayank;1625583]it is a HUGE drop
if someone really paid 169k
and then sold for 135k...thats with buyers premium
paid 169k then realized 112k
thats a 57k loss 33% approx...not 20
how about the rose rookies selling for 15-18 now selling for 4k 75% drop?
clemente 8s from 50-30
koufax 8 from 30 to last night 9K? wow[/QUOTE

https://goodwinandco.com/LotDetail.a...entoryid=33087

You mean Bill Goodwin was wrong?
"For the discerning collector or the profit-driven investor, this card should be an automatic. The Koufax rookie card’s climb has been as remarkable as Koufax pitching at Dodger Stadium on a hot summer day. We expect the day to come very soon, when Koufax rookies at PSA 8 will be selling well in excess of $200,000 and perhaps as $250,000."

sflayank · #6 01-30-2017, 10:31 AM

thats pretty funny...someone actually paid 80k...because goodwin said itll be $200k-250k
insane

Peter_Spaeth · #7 01-30-2017, 10:46 AM

Quote:

Originally Posted by sflayank

thats pretty funny...someone actually paid 80k...because goodwin said itll be $200k-250k
insane

The word "disingenuous" comes to mind.

Leon · #8 02-02-2017, 07:59 AM

Quote:

Originally Posted by Peter_Spaeth

The word "disingenuous" comes to mind.

Have to agree on that one. That Koufax in an 8 will never, never be a 250k card. There are far too many and not enough demand.

Stampsfan · #9 01-30-2017, 01:58 PM

Quote:

Originally Posted by bobsbbcards

Hopefully, you don't mean you're on to the next wife. If so, don't let her read that.

OK that's funny!!!

irv · #10 01-30-2017, 05:48 PM

Quote:

Originally Posted by sflayank

thats pretty funny...someone actually paid 80k...because goodwin said itll be $200k-250k
insane

I honestly don't know how that works, that if the card didn't actually sell/change hands (it has been stated numerous times!) then how can they state it sold for $80,000

Drift · #11 02-01-2017, 11:47 PM

I haven't looked at prices since I sold my low grade Mantles in 2010 and 2012.
I sold them for a fraction of what they go for now. Based on the trends I'm seeing it's a stronger market now and people have the coin.

I never did upgrade and it's probably a losing proposition now.

These are just an example of low grade options but they seem to have doubled in price.

Just for reference I got just under $7k for the '52 and under $5k for the '51.

1952boyntoncollector · #12 02-02-2017, 10:11 AM

Quote:

Originally Posted by irv

I honestly don't know how that works, that if the card didn't actually sell/change hands (it has been stated numerous times!) then how can they state it sold for $80,000

well not talking a specifically about a card but sites do give a 'sell/sold' price right after the auction.....not everyone pays on their wins yet I never seen an auction house erase a 'sell/sold' price...Plus in theory, the card was actually sold, meaning there was a legal obligation from the buyer to pay for it, but in real life that doesnt mean much if they didnt actually pay and you arent going to collect. You can get a judgment as well against a homeless person for million dollars but again it doesnt mean anything if you cant collect but yes, you do have a million dollar judgment. Same thing as 'selling' a koufax rookie for 100k at auction, but not collecting, you can still say it 'sold for 100k' . There are probably some people that may not pay for an item but actually the type of people you can collect from as well on their legal obligation.

I'm assuming 1/100 times you may see a 'sell/sold' card that never was paid for relisted with the same auction but i dont remember REA/mile high/goodwin ever doing that the last few years.

irv · #13 02-02-2017, 05:27 PM

Quote:

Originally Posted by 1952boyntoncollector

well not talking a specifically about a card but sites do give a 'sell/sold' price right after the auction.....not everyone pays on their wins yet I never seen an auction house erase a 'sell/sold' price...Plus in theory, the card was actually sold, meaning there was a legal obligation from the buyer to pay for it, but in real life that doesnt mean much if they didnt actually pay and you arent going to collect. You can get a judgment as well against a homeless person for million dollars but again it doesnt mean anything if you cant collect but yes, you do have a million dollar judgment. Same thing as 'selling' a koufax rookie for 100k at auction, but not collecting, you can still say it 'sold for 100k' . There are probably some people that may not pay for an item but actually the type of people you can collect from as well on their legal obligation.

I'm assuming 1/100 times you may see a 'sell/sold' card that never was paid for relisted with the same auction but i dont remember REA/mile high/goodwin ever doing that the last few years.

If the card didn't exchange hands for the amount they are showing it did, then that's deceptive and an outright lie. If the card did sell, whether it be to the under bidder or to someone else, then that is the price that should be listed.

This is nothing more than the ugly side of the hobby, the ugly side that keeps people from collecting/purchasing in order to keep the hobby healthy and strong.

Republicaninmass · #14 02-02-2017, 05:58 PM

The better and higher priced the cards, the more haters, card doctors, and scammers that come out and play. You go ahead and build a better mousetrap...hidden reserves, psa, jsa...they build a better mouse

1952boyntoncollector · #15 02-03-2017, 04:08 AM

Quote:

Originally Posted by irv

If the card didn't exchange hands for the amount they are showing it did, then that's deceptive and an outright lie. If the card did sell, whether it be to the under bidder or to someone else, then that is the price that should be listed.

This is nothing more than the ugly side of the hobby, the ugly side that keeps people from collecting/purchasing in order to keep the hobby healthy and strong.

Again, not exactly, so what if the auction house sued the person that was the high bidder and got a judgment for 100k on a mantle plus the buyers premium (20k) for a total of 120k because they proved they legitimately sold the card for 120k. That would mean in a court of law they proved a sale of 120k. The card didnt change hands yet because it was not paid for. I not saying that was the case in whatever example we were talking about, but showing there are situations that if the card didnt change hands it can still be said it 'sold' without it being an outright lie.

It not worth auction houses to sue on every case but again a legal obligation was created to pay.

People 'sell' houses all the time especially in 2008 and the buyer with no real ability to pay got a ridiculous mortgage to buy the house way above perceived market price. To the property tax appraiser and the 'market' the house sold for what the buyer was 'obligated' to pay even if later the house goes into foreclosure because that buyer never paid for the house. Even though the house was never paid (lets say 2 years were paid on a 30 year mortgage) the 'sold' price is what that buyer paid with that mortgage .

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