T206 Lajoie Lenox PSA 4 at Goodwin

[calvindog]

Originally Posted by bigb13

maybe i should put my ty cobb away.

lololol

[Bigb13]

Originally Posted by calvindog

lololol

Lolololololololol

[Rhotchkiss]

T206 red Cobb Cycle 350, PSA 3, currently at $8,400 with BP at Goldin. Not that rare of a card... Only proves further that rare backs are all jacked and overpriced and this is making the Nap Lenox look like a relative bargain!

[CW]

Originally Posted by Rhotchkiss

T206 red Cobb Cycle 350, PSA 3, currently at $8,400 with BP at Goldin. Not that rare of a card... Only proves further that rare backs are all jacked and overpriced and this is making the Nap Lenox look like a relative bargain!

I'm not sure I follow. Rare backs are overpriced, yet the Lajoie was a bargain at $25K? Huh? It's late and I'm tired, but I can't comprehend how something can be overpriced yet still be a bargain.

[pete zouras]

Originally Posted by Rhotchkiss

T206 red Cobb Cycle 350, PSA 3, currently at $8,400 with BP at Goldin. Not that rare of a card... Only proves further that rare backs are all jacked and overpriced and this is making the Nap Lenox look like a relative bargain!

Suddenly my highest valued card.

[Rhotchkiss]

Yes, agreed, "overpriced" and "bargain" used simultaneously to refer to the same subject is necessarily oxymoronic and logically inconsistent. My point was simply that if $9000 for Cobb Cycle 350s is the new normal, then $24k for the Nap is, IMO, a relative steal. That said, I remember feeling about real estate in 2007, how I do about rare backs today..... I think things are "whack" but in this whack world I would rather have the Nap at $24k than the Cobb cycle at $9k (although they are both great). The Nap is a once a decade/maybe lifetime card, and assuming the buyer paid that sum to collect, price doesn't really matter on card like that (if buyer can reasonably afford to stroke the check).

[calvindog]

Originally Posted by Rhotchkiss

Yes, agreed, "overpriced" and "bargain" used simultaneously to refer to the same subject is necessarily oxymoronic and logically inconsistent. My point was simply that if $9000 for Cobb Cycle 350s is the new normal, then $24k for the Nap is, IMO, a relative steal. That said, I remember feeling about real estate in 2007, how I do about rare backs today..... I think things are "whack" but in this whack world I would rather have the Nap at $24k than the Cobb cycle at $9k (although they are both great). The Nap is a once a decade/maybe lifetime card, and assuming the buyer paid that sum to collect, price doesn't really matter on card like that (if buyer can reasonably afford to stroke the check).

Why do you presume that an outlying price in a Goldin auction of all places somehow sets the new value range of rare backed T206s?

[Rhotchkiss]

I presume nothing of the sort. Over the past few weeks I have seen red Cobbs CB (with back damage) and cycle 350s, go for crazy numbers. I got outbid on a Young bare hand OM 6, at a very very high number. About two weeks ago, as posted elsewhere, somebody over the course of 1-2 days took down every rare back CB and rarer, all commons and all listings that had been out there for many many months. Just a few examples... I am hanging my hat on the totality of fairly recent sales. The Nap, well hell, that is something special and on a card like that you gotta pay what you gotta pay to make it yours.