Just Another 1952 Mantle PSA 9

[glchen]

Interesting thing about this auction lot to me is that they accept cryptocurrency like bitcoin as payment. I had not seen that before from an auction house.

[Peter_Spaeth]

Originally Posted by glchen

Interesting thing about this auction lot to me is that they accept cryptocurrency like bitcoin as payment. I had not seen that before from an auction house.

Bitcoin fluctuates wildly even within a single day.

[pokerplyr80]

Originally Posted by glchen

Interesting thing about this auction lot to me is that they accept cryptocurrency like bitcoin as payment. I had not seen that before from an auction house.

A lot of people made tons of money last year in crypto. It makes sense that on a card of this caliber the consigned would request that the AH accept it as payment. I don't believe any auction house normally does as a policy, but wouldn't be surprised to see it added in the near future.

[Santo10Fan]

Originally Posted by glchen

Interesting thing about this auction lot to me is that they accept cryptocurrency like bitcoin as payment. I had not seen that before from an auction house.

So the seller is swapping investments-card for crypto?? I would be doing the opposite. It had to have been a take-it-or-leave-it condition for Heritage to accept those terms. Unprecedented. Seller must have signed a contract to agree to cough up seller's premium in USD as a reimbursement. Since crypto is peer-to-peer this is the only way it could work. Buyer pays seller direct, no middleman. If it's a state with HA sales tax collected this is going to be even more complicated. How in the heck would HA deal with the buyer premium though? I bet HA is praying they get a buyer who pays USD.

[ergoism]

Originally Posted by Santo10Fan

So the seller is swapping investments-card for crypto?? I would be doing the opposite. It had to have been a take-it-or-leave-it condition for Heritage to accept those terms. Unprecedented. Seller must have signed a contract to agree to cough up seller's premium in USD as a reimbursement. Since crypto is peer-to-peer this is the only way it could work. Buyer pays seller direct, no middleman. If it's a state with HA sales tax collected this is going to be even more complicated. How in the heck would HA deal with the buyer premium though? I bet HA is praying they get a buyer who pays USD.

If the winning bidder pays in crypto, they'll send me the crypto, and I'll pay HA their commission in USD. Crypto is very liquid even though it's volatile so I'm not trying to do a straight up swap. I have enough exposure in that space already. I'll convert most of the proceeds to USD, pay HA, pay for my house, and go on a card shopping spree.

[AGuinness]

Originally Posted by ergoism

and go on a card shopping spree.

I’d like to be a fly in the wall as you do that.

Thanks for being so accessible with answers to all the questions. It’s interesting to peek behind the curtain, so to speak.




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[mark evans]

I'm sure this appears somewhere on the Board, but could someone please advise of the top 5 sales of cards in order of price, whether by auction or private sale?

Thanks.

[Sean]

Originally Posted by mark evans

I'm sure this appears somewhere on the Board, but could someone please advise of the top 5 sales of cards in order of price, whether by auction or private sale?

Thanks.

I can tell you the two highest sales prices. The Wagner PSA 5 (known as the Jumbo Wagner) sold two years ago for approximately $3.1 million. Prior to that the Gretzky Wagner (PSA 8 or PSA Authentic, take your pick) sold for approximately $2.8 million in a private sale. The buyer is the owner of the Arizona Diamondbacks.

This Mantle appears likely to exceed both of these sales prices.

[oldjudge]

Nice card--tulipmania

[mark evans]

Originally Posted by Sean

I can tell you the two highest sales prices. The Wagner PSA 5 (known as the Jumbo Wagner) sold two years ago for approximately $3.1 million. Prior to that the Gretzky Wagner (PSA 8 or PSA Authentic, take your pick) sold for approximately $2.8 million in a private sale. The buyer is the owner of the Arizona Diamondbacks.

This Mantle appears likely to exceed both of these sales prices.

Thanks, Sean.

Do you happen to know the most paid to date for a 52 Mantle? Was it the 8.5 that sold for $1,150,000? PSA shows SMR for a PSA 9 at $2.5 million. Does this reflect an actual sale? Thanks.