10K for a Young portrait in a 5

Aquarian Sports Cards · #1 12-08-2018, 09:49 AM

Nobody's trying to "corner the market" though. in 2016 those guys didn't control a significant percentage of the Clemente or Aaron rookies, they merely drove up the price indicators until people were willing to actually pay the inflated prices. then they dumped the cards they did have that they had been pretending to sell to each other. There's no way of knowing for sure if this Cy Young is the next wave of that kind of manipulation, but I certainly can't discount it.

Peter_Spaeth · #2 12-08-2018, 10:52 AM

Quote:

Originally Posted by Aquarian Sports Cards

Nobody's trying to "corner the market" though. in 2016 those guys didn't control a significant percentage of the Clemente or Aaron rookies, they merely drove up the price indicators until people were willing to actually pay the inflated prices. then they dumped the cards they did have that they had been pretending to sell to each other. There's no way of knowing for sure if this Cy Young is the next wave of that kind of manipulation, but I certainly can't discount it.

Right. In a market like this where people rely heavily on historical prices, you just need to be able to manipulate the price, not control supply. In 2016 plenty of people started to panic and pay insane prices for cards fearing they would go even higher.

One of my favorites, a Koufax RC in an 8 for 80K. Right.

http://goodwinandco.com/LotDetail.as...entoryid=33087

Even more disturbing was the disingenuous writeup.

Koufax.

Be Prepared for Return on Investment.

Koufax rookies are among the hottest cards in the hobby today. Demand is outpacing supply on a consistent basis and the market has reacted. Prices at auction continue to escalate provided the condition is at the highest level. And at a PSA 8, there aren’t many examples that exceed this magnificent offering. In fact, 15 PSA 8.5’s are known, to go with 22 PSA 9’s and 3 GEM MINT 10’s.

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. If you’ve ever contemplated a Clemente rookie, we strongly encourage you investigate this card.

Aquarian Sports Cards · #3 12-08-2018, 11:20 AM

I remember that write-up. Gotta say I like Bill, but this just feels slimy.

Peter_Spaeth · #4 12-08-2018, 11:31 AM

Quote:

Originally Posted by Aquarian Sports Cards

I remember that write-up. Gotta say I like Bill, but this just feels slimy.

I was shocked to see that coming from him, honestly.

mechanicalman · #5 12-08-2018, 11:41 AM

Quote:

Originally Posted by Peter_Spaeth

I was shocked to see that coming from him, honestly.

Funny you mention Goodwin. I was just looking at his last auction and recalled the Ohtani card that sold for $184k. There appear to be limitless amounts of dumb money in modern; isn�t it plausible some of that could trickle into pre-war?

Peter_Spaeth · #6 12-08-2018, 12:17 PM

Quote:

Originally Posted by mechanicalman

Funny you mention Goodwin. I was just looking at his last auction and recalled the Ohtani card that sold for $184k. There appear to be limitless amounts of dumb money in modern; isn�t it plausible some of that could trickle into pre-war?

I don't necessarily believe everything I see.

mechanicalman · #7 12-08-2018, 03:15 PM

Quote:

Originally Posted by Peter_Spaeth

I don't necessarily believe everything I see.

What are you saying, that you don�t believe someone paid that much for an Ohtani? Who knows? Maybe it didn�t. But it did according to Bill Goodwin�s website. He has a fine reputation, right, so it must be legit?

MichelaiTorres83 · #8 12-08-2018, 12:21 PM

Quote:

Originally Posted by mechanicalman

Funny you mention Goodwin. I was just looking at his last auction and recalled the Ohtani card that sold for $184k. There appear to be limitless amounts of dumb money in modern; isn�t it plausible some of that could trickle into pre-war?

I would love to hear from one person that has spent more than 100 thousand dollars on a card made in this century. Has anyone ever met someone or know someone who has done it?

mechanicalman · #9 12-08-2018, 03:22 PM

Quote:

Originally Posted by MichelaiTorres83

I would love to hear from one person that has spent more than 100 thousand dollars on a card made in this century. Has anyone ever met someone or know someone who has done it?

Oddly enough, I went to elementary school with Vegas Dave who paid $400k for some Mike Trout superrefractor thingy. We are not even acquaintances, by the way.

Throttlesteer · #10 12-08-2018, 11:40 AM

Quote:

Originally Posted by Peter_Spaeth

Right. In a market like this where people rely heavily on historical prices, you just need to be able to manipulate the price, not control supply. In 2016 plenty of people started to panic and pay insane prices for cards fearing they would go even higher.

One of my favorites, a Koufax RC in an 8 for 80K. Right.

http://goodwinandco.com/LotDetail.as...entoryid=33087

Even more disturbing was the disingenuous writeup.

Koufax.

Be Prepared for Return on Investment.

Koufax rookies are among the hottest cards in the hobby today. Demand is outpacing supply on a consistent basis and the market has reacted. Prices at auction continue to escalate provided the condition is at the highest level. And at a PSA 8, there aren�t many examples that exceed this magnificent offering. In fact, 15 PSA 8.5�s are known, to go with 22 PSA 9�s and 3 GEM MINT 10�s.

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. If you�ve ever contemplated a Clemente rookie, we strongly encourage you investigate this card.

I wonder how many green Cobbs these guys had

RiceBondsMntna2Young · #11 12-17-2018, 08:56 PM

Quote:

Originally Posted by Rhotchkiss

...
PSA 5 Sale: $3,608 (PWCC, 6/8/16) (a 113% increase)
Cy Young, PSA 5, sold for: $10,010- Prior Highest PSA 5 Sale: $4,000 (PWCC 9/8/15) (a 150% increase)
...

I'm only on page 9 of the thread, so maybe this point has been raised already but is it really that outrageous that bids would be double what they were 3 years ago for some of these cards? I collect Barry Bonds and his 86 Tiffany have more than doubled in that time. 2016 marked the end of the trough for those cards, a trough that began in 2008, the last time the stock market overheated.

rats60 · #12 12-17-2018, 09:54 PM

I don't know if this has been mentioned, but maybe those guys who have been telling us to invest in the stock market and not cards are tired of taking a beating in the market this year and have decided to invest in top tier t206 Hofers.

ls7plus · #13 12-18-2018, 02:20 AM

Quote:

Originally Posted by rats60

I don't know if this has been mentioned, but maybe those guys who have been telling us to invest in the stock market and not cards are tired of taking a beating in the market this year and have decided to invest in top tier t206 Hofers.

Could very well be--indeed, could very well be. Hard assets (traditionally but not limited to gold) have often been viewed that way during stock market downturns. Often times, though, in our hobby, they find they like what they obtain and stick around as real collectors!

Best wishes,

Larry

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