T206 - PWCC Auction Last Night

[ullmandds]

very, very strong prices on those t206's. the consigner must be very, very happy!

not sure if I'm believing that these "new" prices will stick on "common", t206 cobbs and such. time will tell. could be market manipulation similar to last years run on 50's hof rookies. there ARE some out there with a lot of t206 cobbs after all!!!!!

[PhillipAbbott79]

Interesting thought. Wouldn't that require a very substantial amount of money? How does someone do that without everyone realizing what is happening?

[ullmandds]

Originally Posted by PhillipAbbott79

Interesting thought. Wouldn't that require a very substantial amount of money? How does someone do that without everyone realizing what is happening?

it happened last year for a spell and the majority of collectors/investors on this very site bought into it!!!

there is atleast 1 "collector/investor" on this site with dozens and dozens of t206 cobbs.

all one needs is a "shill" system which seems to be de rigeur on ebay these days with certain sellers and a few "sales" whether real or not to psychologically drive up prices.

i'm not saying this IS happening...but it certainly could be.
history tends to repeat itself!

[PhillipAbbott79]

I believe that there are other cards that would be much easier to try and corner the market on, than a Cobb that costs as much as 10k each.

If you believe the card is going to run, of course you will buy into it.

I have several myself in different grades, in different backs and I am still buying more. If you look at the population charts, it really only takes a few people trying to put together a Green Cobb back run in solid condition to dry up the numbers.

What card are you talking about that was manipulated before?

[Leon]

This manipulation only works for lazy or unsuspecting collectors. If there is a sudden spike in prices no one is forcing anyone to bid or buy a card. Remember when a '63 Rose in an 8 holder was 15k? It didn't work then and it won't work now. And my guess is that is the way authorities probably feel too. At some point we have to be accountable for ourselves. And yes, I think the bid retractions are the worst thing about what is going on. It is the way these sales are trying to be manipulated, imo. But knowledge is key so don't play into it.

Originally Posted by ullmandds

it happened last year for a spell and the majority of collectors/investors on this very site bought into it!!!

there is atleast 1 "collector/investor" on this site with dozens and dozens of t206 cobbs.

all one needs is a "shill" system which seems to be de rigeur on ebay these days with certain sellers and a few "sales" whether real or not to psychologically drive up prices.

i'm not saying this IS happening...but it certainly could be.
history tends to repeat itself!

[ullmandds]

Originally Posted by Leon

This manipulation only works for lazy or unsuspecting collectors. If there is a sudden spike in prices no one is forcing anyone to bid or buy a card. Remember when a '63 Rose in an 8 holder was 15k? It didn't work then and it won't work now. And my guess is that is the way authorities probably feel too. At some point we have to be accountable for ourselves. And yes, I think the bid retractions are the worst thing about what is going on. It is the way these sales are trying to be manipulated, imo. But knowledge is key so don't play into it.

I love the way you downplay these issues as of lately as if they are not issues at all!

Obviously it is smart to be judicious if one is spending a lot of $$$$ on cardboard. But the fact is some people are getting taken advantage of...and will continue to be.

[Rhotchkiss]

I think would be very difficult to truly manipulate Cobbs and other rare-back or high grade HOFers, based solely on scarcity and cost/example. Instead, I think these cards are super hot right now, which is causing more supply to hit the market and the demand drives the cost. It will likely result in many of us over-paying in the short-term (shills or otherwise), but for those of us who are long on the cards, it will shake out ok in the end. The lesson for me here is that I need to pay mightily for cards I really want. I knew this already -- having posted a very high max bid on the Young bare hand Old Mill 6 at PWCCs last auction, only to get outbid -- but now I know that my very high max bids are likely insufficient to succeed on these cards and I need to now place very higher max bids.

[ullmandds]

Originally Posted by Rhotchkiss

I think would be very difficult to truly manipulate Cobbs and other rare-back or high grade HOFers, based solely on scarcity and cost/example. Instead, I think these cards are super hot right now, which is causing more supply to hit the market and the demand drives the cost. It will likely result in many of us over-paying in the short-term (shills or otherwise), but for those of us who are long on the cards, it will shake out ok in the end. The lesson for me here is that I need to pay mightily for cards I really want. I knew this already -- having posted a very high max bid on the Young bare hand Old Mill 6 at PWCCs last auction, only to get outbid -- but now I know that my very high max bids are likely insufficient to succeed on these cards and I need to now place very higher max bids.

i disagree! you'd think it'd be a lot more difficult to manipulate much more common cards from the 50's and 60's as was being done last year...yet it WAS DONE!