Rea is in action

[jsfriedm]

It's actually kinda light on the T205s, and REA usually has the best selection of those. But that PSA 8 Mays rookie would be nice...

[rugbymarine]

Originally Posted by jsfriedm

It's actually kinda light on the T205s, and REA usually has the best selection of those. But that PSA 8 Mays rookie would be nice...

Agree on both counts. They had the PSA 8 Mays rookie on display at the Philly Show, and I could not believe how well centering that card is.

[LincolnVT]

I thought this auction and most other auction houses have actually been looking pretty sparse these days. The important / historically significant stuff appears to be drying up a bit IMO.

[Snapolit1]

Originally Posted by LincolnVT

I thought this auction and most other auction houses have actually been looking pretty sparse these days. The important / historically significant stuff appears to be drying up a bit IMO.

Seems to be a mad frenzy to sell collections as fast as one can sell. Or lots of collectors are dying at the same time.

Market seriously off Feb-April peak. Be interesting to see what the next 6-9 months hold.

Like real estate, the top stuff will hold it's price. Not sure the middling stuff will. Speculators will move on to whatever is the flavor of the month. Non fungible pieces of people's genetic coding on a popsicle stick or something.

[Carter08]

Originally Posted by Snapolit1

Seems to be a mad frenzy to sell collections as fast as one can sell. Or lots of collectors are dying at the same time.

Market seriously off Feb-April peak. Be interesting to see what the next 6-9 months hold.

Like real estate, the top stuff will hold it's price. Not sure the middling stuff will. Speculators will move on to whatever is the flavor of the month. Non fungible pieces of people's genetic coding on a popsicle stick or something.

Steve, you and I debate this a decent amount. Whoever was competing with me on e93s last night did not get the memo that prices are off their peak. Although it only takes two idiots to drive a price and I was one of them.

[jsfriedm]

Another area where prices seem to be exploding: high-grade T205s. Seems like that PSA 7 Cy Young that Memory Lane sold for 110K was just the beginning. The same PSA 7 Walter Johnson that Goldin sold last December for 18K went for 78K last night, and even Joe Tinker went for 60K!

[darwinbulldog]

I'm looking at the Texas Tommy LaJoie. Used to be in a PSA slab. Does it look like the wrinkle was pressed out? I can see it's still there, but is it actually less prominent or does it just look that way in these two scans?

https://lelands.com/bids/1914-e224-t...nap-lajoie-psa

https://bid.robertedwardauctions.com...e?itemid=93613

[Peter_Spaeth]

Originally Posted by Carter08

Steve, you and I debate this a decent amount. Whoever was competing with me on e93s last night did not get the memo that prices are off their peak. Although it only takes two idiots to drive a price and I was one of them.

The market is up for anything I want to buy and down for anything I want to sell.

[Snapolit1]

Originally Posted by Peter_Spaeth

The market is up for anything I want to buy and down for anything I want to sell.

I just don't understand the market anymore. But that's the same for stocks, real estate, and lots of other things, so why should cards be any different.

Just jumped over to VCP and thought of the first iconic card that came to mind. 1933 Goudey Gehrig #92. What's a real nice condition for that one, but not insanely high end. Let's look at PSA 5. Here are the most recent sales reported:

0/24/21 $14,000.00 Auction
Image 60 PWCC Monthly
10/9/21 $10,269.60 Auction
Image 12 Memory Lane
4/15/21 $17,400.00 Auction
Image 22 Heritage
1/24/21 $7,799.00 Image

I'd say this 2021 history is probably fairly representative of a lot of cards I've been watching recently. Exploded in March-April. Came down a fair amount over the summer - early fall. Now back up some but not up to April high.

[Leon]

Originally Posted by Peter_Spaeth

The market is up for anything I want to buy and down for anything I want to sell.

It was up when you sold me the T206 cobb ....love the card and would do it again.

and yes, REA has some super rare and fantastic cards.
.

[Frankish]

Originally Posted by LincolnVT

I thought this auction and most other auction houses have actually been looking pretty sparse these days. The important / historically significant stuff appears to be drying up a bit IMO.

Interesting observation. While I see a great deal of stuff up for auction (and some great stuff, too), I agree that the truly significant items are sparse. That said, since the vast majority of collectors may not have the budget for those items, the market still seems pretty robust. In fact, a lack of historic items for sale may indicate a market where the best items are being held tight...kind of the opposite of the latter comment about a frenzy or liquidation.

Tickets and photos in particular (not for this REA auction in particular) seem really desirable at the moment. I'd love to see more game-used uniforms. Even though I don't collect them, I love the photos and write-ups in the catalogs.

Cheers!


Disclosure: I have no items consigned in this REA auction but have sent stuff to Love of the Game and Hake's.

[puckpaul]

Originally Posted by LincolnVT

I thought this auction and most other auction houses have actually been looking pretty sparse these days. The important / historically significant stuff appears to be drying up a bit IMO.

Agreed. Though the in-between frequent auctions have secondary stuff usually.

I think the grading services backlog and prices are a big deterrent. I know I would grade (and maybe sell) a lot more stuff if I could quickly and reasonably get things graded.

[Steve D]

Originally Posted by jsfriedm

It's actually kinda light on the T205s, and REA usually has the best selection of those. But that PSA 8 Mays rookie would be nice...

I don't know about that.

Anyone looking to finally complete the set, will certainly be interested in what they have to offer!

Steve

[Peter_Spaeth]

I wonder to what extent auctions like REA cannibalize their own prices realized by having, in some cases, so many copies of the same card including in the same grade?

[Lorewalker]

REA did not used to do it but HA does it, often, and it does not seem to hurt them in the least.

[cgjackson222]

Originally Posted by Peter_Spaeth

I wonder to what extent auctions like REA cannibalize their own prices realized by having, in some cases, so many copies of the same card including in the same grade?

Agreed. I would hate to consign an item only to see a duplicate or higher grade show up in the same auction.

[babraham]

Ton of good stuff on there!

[mrreality68]

Originally Posted by cgjackson222

Agreed. I would hate to consign an item only to see a duplicate or higher grade show up in the same auction.

I agree I had that happen and sadly the prices of all were down compared to other auctions both before and after with similarly graded cards

[Republicaninmass]

Originally Posted by Peter_Spaeth

I wonder to what extent auctions like REA cannibalize their own prices realized by having, in some cases, so many copies of the same card including in the same grade?

Either flippers trying to maximize on cards.


Long time collectors trying to get out.

Nobody passed away or ran off of funds and needs to sell 3 of the same card at once.


At some point, the market will be/is saturated. I've never seen anything quite like 4 or 5 52 May's in a major auction house.


Also, lelands, the first 300 lots are all modern. I cant believe the demand is there in an auction house for these items

[puckpaul]

Originally Posted by Republicaninmass

Either flippers trying to maximize on cards.


Long time collectors trying to get out.

Nobody passed away or ran off of funds and needs to sell 3 of the same card at once.


At some point, the market will be/is saturated. I've never seen anything quite like 4 or 5 52 May's in a major auction house.


Also, lelands, the first 300 lots are all modern. I cant believe the demand is there in an auction house for these items

I agree. I didn't even bother looking through the auction after that.

[Johnny630]

A lot of Killer Great looking 52’s in this auction. Willie Mays PSA 8, Eddie Matthews PSA 7, Pee Wee Reese PSA 8 is killer and many more including a 52 Topps Pack PSA 7 WOWZERS.

[LincolnVT]

Could we see a future where the most desirable cards get bought up and are held by collectors / investors long enough to impact the quality of what is publically available at auction? Is this already happening to some extent? If so, could this create an environment where those that consign might be able to see increased return for high quality items? Seems like a lot of the good stuff is being held or moving privately...or even through Net54 networking.