Heritage t206 Cobb

[Bridwell]

Apparently, some rich collectors are "investing" in rare back T206's. Maybe they like it better than gambling on the stock market or real estate. I wish I could have acquired a few more cards, but it certainly adds value to the rarer cards we already have!

For me, it doesn't surprise me that T206 cards with populations of less than 5 are finally getting their due as rare high-value collectibles. The extreme overbidding on a few of the non-rare cards could be an indication that these collectors are less educated on the scarcity and got carried away during the auction. Or maybe 2 collectors used the strategy of putting in extremely high "ceiling bids" to make sure they won the items they wanted.

HA has customers that collect antiques, art, jewelry, and all sorts of other stuff. Some of that stuff has had declining values. I think that some of those customers are now jumping in on old baseball cards at this time.

[RCMcKenzie]

I was expecting everyone, or at least a few net54er's, to post their wins on here. I would think most of the winners are on here. I can't imagine that someone who collects antique watches would know what to bid on a Jennings AB350 NF. I don't mind overpaying when I know that I'm overpaying. I think that's what happened on some of the cards. I saw some bargains, along with some high prices...Rob

[Santo10Fan]

Originally Posted by RCMcKenzie

I was expecting everyone, or at least a few net54er's, to post their wins on here. I would think most of the winners are on here. I can't imagine that someone who collects antique watches would know what to bid on a Jennings AB350 NF. I don't mind overpaying when I know that I'm overpaying. I think that's what happened on some of the cards. I saw some bargains, along with some high prices...Rob

Start a separate thread with your Chance and I'll post my winning lot...

[RCMcKenzie]

Originally Posted by Santo10Fan

Start a separate thread with your Chance and I'll post my winning lot...

I didn't mean to go off-topic in Rob's thread. I do go off-topic a lot with stream-of-consciousness posts. You could post in the pick-ups thread. Maybe some people want to wait to receive their cards before posting, and others like to keep it to themselves, which is fine too.

[Santo10Fan]

Originally Posted by RCMcKenzie

I didn't mean to go off-topic in Rob's thread. I do go off-topic a lot with stream-of-consciousness posts. You could post in the pick-ups thread. Maybe some people want to wait to receive their cards before posting, and others like to keep it to themselves, which is fine too.

Your post wasn't that far off the topic. I may indeed post in the April thread but I guess technically it isn't a "pickup" yet.

Regarding the OM Cobb, I did watch that one late into the night during the extended session. It's good to know people are spending like that into the hobby right now.

[CMIZ5290]

Just to put this in much better perspective..... A few years ago during the really strong days of T206 backs and David Hall, a PSA 6.5 Cobb with an UZIT back sold for $100K, an UZIT BACK!.... Now, a PSA 3 with an Old Mill back and multiple pops, and no David Hall competition, sells for $80k?? Come on, really??

[swarmee]

Originally Posted by CMIZ5290

no David Hall competition, sells for $80k?? Come on, really??

Any proof? Remember, Heritage can place bids on the consignors behalf according to their TOS.

[Leon]

If you are implying it might not have been a real sale I would respectfully disagree. I thought the number was huge but I would bet it's as real as the Corona-with-a-lime virus.

Huge number for that Cobby in a 3. Congrats to the winner. I am guessing it won't be soon flipped.

Originally Posted by CMIZ5290

Just to put this in much better perspective..... A few years ago during the really strong days of T206 backs and David Hall, a PSA 6.5 Cobb with an UZIT back sold for $100K, an UZIT BACK!.... Now, a PSA 3 with an Old Mill back and multiple pops, and no David Hall competition, sells for $80k?? Come on, really??

[2dueces]

Originally Posted by Bridwell

Apparently, some rich collectors are "investing" in rare back T206's. Maybe they like it better than gambling on the stock market or real estate. I wish I could have acquired a few more cards, but it certainly adds value to the rarer cards we already have!

For me, it doesn't surprise me that T206 cards with populations of less than 5 are finally getting their due as rare high-value collectibles. The extreme overbidding on a few of the non-rare cards could be an indication that these collectors are less educated on the scarcity and got carried away during the auction. Or maybe 2 collectors used the strategy of putting in extremely high "ceiling bids" to make sure they won the items they wanted.

HA has customers that collect antiques, art, jewelry, and all sorts of other stuff. Some of that stuff has had declining values. I think that some of those customers are now jumping in on old baseball cards at this time.

Haven’t rich collector always collected rare anything? Cards, coins, paintings, cars etc.