$202,000 Jeter Card

pokerplyr80 · #1 10-18-2019, 04:26 PM

Quote:

Originally Posted by rats60

The Wagner of modern cards is the 2003 Exquisite Jordan/LeBron Logoman or the 2009 Bowman Mike Trout Superfractor, both 1/1.

A 1/1 is too rare to be the modern equivalent of the t206 Wagner in my opinion. It would have to be something like this Jeter, or a Lebron, Brady, or Jordan card that can at least become available once every year or two.

davidan · #2 10-18-2019, 04:29 PM

Just a matter of when, not if that person has Buyers remorse. No long term market for that (imho).

oldjudge · #3 10-18-2019, 05:09 PM

So let me get this straight �this is one of 30 of this card. I know it is a PSA10, but it is one of 30. The buyer of this card believes that this is a good investment? Let me think, Ruth rookie or Jeter rookie. I guess I�ll go with the Jeter because his card is shinier. Wow, just wow!

Bored5000 · #4 10-18-2019, 06:15 PM

Quote:

Originally Posted by oldjudge

So let me get this straight �this is one of 30 of this card. I know it is a PSA10, but it is one of 30. The buyer of this card believes that this is a good investment? Let me think, Ruth rookie or Jeter rookie. I guess I�ll go with the Jeter because his card is shinier. Wow, just wow!

I think the flaw with that thinking is that it is not necessarily an either/or choice. if someone has $200K to drop an individual card, what makes you think they don't also have $200K to drop on a Ruth rookie?

oldjudge · #5 10-18-2019, 06:20 PM

Eddie-If I had $200 million to spend on cards I still wouldn't pay $200,000 for that Jeter card (or $20,000 or $2,000 for that matter).

whitehse · #6 10-18-2019, 07:10 PM

I saw that this card had ended above 200K and just shook my head. Not because I am more of a vintage person and my thoughts swirled with what vintage cards I could have bought with that money but rather why anyone would pay that kind of money for a card that is so....new.

I know...to each their own but I just have a hard time wrapping my mind around this one. But I guess if I had screw you money spending this kind of cash on a modern card would not be a big deal. I just hope the buyer didn't purchase this card with the intent of flipping it because I cannot see the ceiling being much higher.

Rhotchkiss · #7 10-18-2019, 08:10 PM

Quote:

Originally Posted by oldjudge

Eddie-If I had $200 million to spend on cards I still wouldn't pay $200,000 for that Jeter card (or $20,000 or $2,000 for that matter).

Jay, I am with you here. But not everyone collects stuffy old cards of dead guys, like us. That’s why this hobby is so great - there is something for everyone.

I like when modern cards sell for big money. What’s good for modern is good for the whole hobby.

Dpeck100 · #8 10-18-2019, 08:48 PM

People are over thinking this. There is enough money floating around to support art prices where three have sold publicly for more than 250 million and the highest being 450.3 million.

This is modern art to someone. There are people out there that can pull the trigger on items they want knowing they are going to go to battle with someone else that has just as many resources at their disposal and now it comes down to who wants it most. A badge of honor if you will and you get to hold it in your hand.

Just think if you could wait all week and then launch your snipe of 200k.

Sounds very awesome.

I can't place myself in these shoes. You have to have serious dough to be able to buy cards like this and be able to deal with the repercussions.

At the end of the day baseball cards are king and so the market for cards like this is a lot bigger than people think. There might only be a few that will pay 200k but there are plenty that will pay 100k so in reality no one can question this card being a monster. The question is just where does it go from here? That all depends on supply and that is always the unknown.

Nunzio11 · #9 10-18-2019, 09:47 PM

Quote:

Originally Posted by oldjudge

Eddie-If I had $200 million to spend on cards I still wouldn't pay $200,000 for that Jeter card (or $20,000 or $2,000 for that matter).

Jeter will always be a debatable figure from a historical standpoint. Not debating historical significance but I would bet if you asked any Yankee fan born after 1970 who their all time favorite Yankee is, a strong majority of them would say Derek Jeter. Every New Yorker in their 40s grew up with Derek Jeter. 4 championships from 1996-2000 and Jeter was the center of it all. Just given the modern media landscape the Jeter name is probably bigger than any pre war type player to the generic baseball fan. Again not debating baseball statistics but derek Jeter definitely has historical significance. I think we�ll see it again in December when he�s the second unanimous HOFer and in July when Cooperstown has the largest attendance ever, as anticipated. That�s a lot of fans and a lot of money to follow. Jeter, Jordan, Brady different level to the modern investor.

JunkyJoe · #10 10-18-2019, 10:21 PM

Like Huell Howser would say: "That's amazing!"

So, between BGS and PSA it looks like 21 of these cards have been graded so far. Makes ya wonder how many of those remaining 9 cards are in Gem or even BGS "Pristine" condition. Just imagine what a BGS 10 Black Label might sell for? A cool half-million, maybe more? Simply B O N K E R S!

todeen · #11 10-19-2019, 11:48 PM

Quote:

Originally Posted by Nunzio11

Jeter will always be a debatable figure from a historical standpoint. Not debating historical significance but I would bet if you asked any Yankee fan born after 1970 who their all time favorite Yankee is, a strong majority of them would say Derek Jeter. Every New Yorker in their 40s grew up with Derek Jeter. 4 championships from 1996-2000 and Jeter was the center of it all. Just given the modern media landscape the Jeter name is probably bigger than any pre war type player to the generic baseball fan. Again not debating baseball statistics but derek Jeter definitely has historical significance. I think we�ll see it again in December when he�s the second unanimous HOFer and in July when Cooperstown has the largest attendance ever, as anticipated. That�s a lot of fans and a lot of money to follow. Jeter, Jordan, Brady different level to the modern investor.

+1

I live in Washington state. When Jeter announced his retirement, I realized I had never seen him live. So I bought tickets in February to his last home series in Seattle versus the Mariners. I'm not even a Yankees fan! I even took my toddler so he could say when he's 65 that he went to a Derek Jeter game (granted he can't remember it). We sat out in the section that is normally "King's Corner" with the Felix Hernandez fans. I'm not lying that I hardly saw a Mariner's jersey in that corner. We were surrounded by people who had New York accents. He is an icon. Biggest player of my generation. I doubt that will be the last Jeter card to hit that number. Mike Trout might be a better player, but unless he gets those WS rings, he won't compete with Jeter for legendary status.

JunkyJoe · #12 10-18-2019, 11:07 PM

Quote:

Originally Posted by oldjudge

Eddie-If I had $200 million to spend on cards I still wouldn't pay $200,000 for that Jeter card (or $20,000 or $2,000 for that matter).

+1

For me, it's all the various "rare" Jeter cards printed in the 90's that makes these prices a bit silly. Like the '93 SP Foil Jeter card, for example. Didn't a PSA 10 sell for $99,000 last year? And there are 22 of them graded 10 by PSA .... oh, and not to mention, there have been 253 graded 9.5 by BGS!!!

How about the ones that haven't been graded yet? Maybe a dozen more PSA 10's? Perhaps some BGS Black Labels yet to be graded?

AGuinness · #13 10-19-2019, 03:00 PM

Quote:

Originally Posted by JunkyJoe

+1

For me, it's all the various "rare" Jeter cards printed in the 90's that makes these prices a bit silly. Like the '93 SP Foil Jeter card, for example. Didn't a PSA 10 sell for $99,000 last year? And there are 22 of them graded 10 by PSA .... oh, and not to mention, there have been 253 graded 9.5 by BGS!!!

How about the ones that haven't been graded yet? Maybe a dozen more PSA 10's? Perhaps some BGS Black Labels yet to be graded?

I started a thread in May 2018 about the Jeter 93 SP PSA 10 that sold for nearly $100k, and part of what I noted was how I expected more of them to be graded, diluting the PSA 10 population. The population at the time was 22, and it still is. So much for that hypothesis.

I'll echo the sentiments that it is a great hobby because people can enjoy it in many different ways, and that a healthy and robust modern market is likely a good sign for the vintage market as well.

And it's also great that both the modern and vintage collectors can each salivate over a card with a significant level of scarcity of a sure-fire HOF shortstop who is strongly associated with a single team that sells for six figures and it's not even a rookie card - and all the while those collectors are ogling different cards from different eras.

Fred · #14 10-18-2019, 11:31 PM

Quote:

Originally Posted by oldjudge

Eddie-If I had $200 million to spend on cards I still wouldn't pay $200,000 for that Jeter card (or $20,000 or $2,000 for that matter).

or 20 bucks.

Absolutely mind boggling.

For $202K I'd have every spotted tie OJ and still have money to buy a bunch of other cool cards.

toledo_mudhen · #15 10-19-2019, 11:46 AM

Quote:

Originally Posted by oldjudge

So let me get this straight �this is one of 30 of this card. I know it is a PSA10, but it is one of 30. The buyer of this card believes that this is a good investment? Let me think, Ruth rookie or Jeter rookie. I guess I�ll go with the Jeter because his card is shinier. Wow, just wow!

OMFG! There are no words

Peter_Spaeth · #16 10-19-2019, 11:50 AM

I am sure we've all bought cards because we liked them, not necessarily because we thought they were a great investment.

Stampsfan · #17 10-19-2019, 12:29 PM

This reminds me of a T-shirt I once got as a gift, as an avid golfer. It was a picture of a Herman cartoon Two guys are holding golf clubs, while a single guy in the background is carrying a fishing rod.

The one "Herman" golfer says to the other "Can you imagine some idiot getting up at this time of the morning just to go fishing?"

iowadoc77 · #18 10-19-2019, 12:39 PM

Quote:

Originally Posted by Peter_Spaeth

I am sure we've all bought cards because we liked them, not necessarily because we thought they were a great investment.

Have to agree here. It isn�t all about investment and it certainly isn�t all about whether it makes sense to us. When you have to have a card many times you disregard the logic of others and you just get it if you can afford it. Certainly doesn�t have to make sense to anyone else. You can argue whether or not it is worth it or not but it may not matter a bit to the buyer. Or it may. All rhetorical discussions.
But that certainly is a lot for really any card. It is fun to follow these auctions and often see them just explode right before the hammer

Peter_Spaeth · #19 10-19-2019, 12:51 PM

On a comparatively trivial scale, I've done it a number of times myself, paid stupid money for a card I'd been looking for for years and could not be sure another one would come along. Mostly on the nonsports side where there really is a good chance you may never see a particular card again.

Bored5000 · #20 10-19-2019, 09:07 AM

Quote:

Originally Posted by davidan

Just a matter of when, not if that person has Buyers remorse. No long term market for that (imho).

That was the exact same thing that was said on here when the Michael Jordan PMG card sold for crazy money a year or two ago. Then it was revealed that the buyer was Nat Turner.

We don't know who the buyer of the Jeter card is; maybe it is Nat Turner or maybe it is someone else. But I don't understand at all how you can say the buyer will absolutely have buyer's remorse over dropping a couple hundred grand when there are people at the top levels of the hobby with a net worth measured in eight or nine figures.

Peter_Spaeth · #21 10-19-2019, 09:13 AM

Quote:

Originally Posted by Bored5000

That was the exact same thing that was said on here when the Michael Jordan PMG card sold for crazy money a year or two ago. Then it was revealed that the buyer was Nat Turner.

We don't know who the buyer of the Jeter card is; maybe it is Nat Turner or maybe it is someone else. But I don't understand at all how you can say the buyer will absolutely have buyer's remorse over dropping a couple hundred grand when there are people at the top levels of the hobby with a net worth measured in eight or nine figures.

Yep. Relatively speaking, 200K for the winner might be like spending 2K, or even 200, for others of us.

Dpeck100 · #22 10-19-2019, 09:23 AM

Quote:

Originally Posted by Bored5000

That was the exact same thing that was said on here when the Michael Jordan PMG card sold for crazy money a year or two ago. Then it was revealed that the buyer was Nat Turner.

We don't know who the buyer of the Jeter card is; maybe it is Nat Turner or maybe it is someone else. But I don't understand at all how you can say the buyer will absolutely have buyer's remorse over dropping a couple hundred grand when there are people at the top levels of the hobby with a net worth measured in eight or nine figures.

Exactly.

Just a few weeks ago Justin Bieber posted some of his Pokemon PSA graded cards. I just looked it up and it is estimated his net worth is 265 million. If someone in this position wants a card they can pay whatever they want.

The other thing that people forget is that the government is going to take half. Enjoy the funds while you can because you could lose half on every purchase and your heirs will be in the same place.

ValKehl · #23 10-19-2019, 02:10 PM

Quote:

Originally Posted by Dpeck100

...
The other thing that people forget is that the government is going to take half. Enjoy the funds while you can because you could lose half on every purchase and your heirs will be in the same place.

HALF? David, how do you figure HALF?

Dpeck100 · #24 10-19-2019, 02:22 PM

Quote:

Originally Posted by ValKehl

HALF? David, how do you figure HALF?

I stand corrected. With the Trump tax cuts they lowered the top rate to 40%.

It should have been clear I was referencing someone like Bieber and with his net worth as a single guy the first 11.4 million would be sheltered and all other assets taxed at 40% on death.

ValKehl · #25 10-19-2019, 03:03 PM

Quote:

Originally Posted by Dpeck100

I stand corrected. With the Trump tax cuts they lowered the top rate to 40%.

It should have been clear I was referencing someone like Bieber and with his net worth as a single guy the first 11.4 million would be sheltered and all other assets taxed at 40% on death.

David, it is my understanding that the current, top federal income tax rate is 37% - for an individual taxpayer, this rate applies to taxable income in excess of $510,300: https://www.quickenloans.com/blog/fe...e-tax-brackets So, even with the addition of a state income tax (for those states that have income taxes), very few, if any, folks are going to pay 50%.

Jdoggs · #26 10-26-2019, 10:10 AM

Quote:

Originally Posted by Dpeck100

I stand corrected. With the Trump tax cuts they lowered the top rate to 40%.

It should have been clear I was referencing someone like Bieber and with his net worth as a single guy the first 11.4 million would be sheltered and all other assets taxed at 40% on death.

Bieber is married to Hailey Baldwin. How would this affect his estate tax?

pokerplyr80 · #27 10-19-2019, 11:40 AM

Quote:

Originally Posted by davidan

Just a matter of when, not if that person has Buyers remorse. No long term market for that (imho).

These types if comments are common around here every time a modern card goes for big money. I don't understand the mentality at all. Rather than criticize someone for how they spend their money why not just be glad another segment of the hobby is doing well?

Just because you, or other board members don't understand the significance of this card does not mean there is no long term market for it.

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