Rea is in action

LincolnVT · #1 11-18-2021, 05:14 PM

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 · #2 11-18-2021, 05:41 PM

Quote:

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 · #3 11-19-2021, 06:48 AM

Quote:

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 · #4 11-19-2021, 06:53 AM

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 · #5 11-19-2021, 09:21 AM

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

darwinbulldog · #6 11-19-2021, 11:19 AM

Quote:

Originally Posted by 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

I emailed REA about it, and they said the difference in appearance was likely due to scanning versus photographing the card, but now the scan posted at REA does show the crease very clearly whereas it was barely noticeable this morning. Weird.

Piratedogcardshows · #7 11-19-2021, 09:05 PM

Very nice T210 collection in this one! Nice to see a new grouping come out.

Peter_Spaeth · #8 11-19-2021, 09:26 AM

Quote:

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 · #9 11-19-2021, 10:16 AM

Quote:

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.

DeanH3 · #10 11-21-2021, 10:03 PM

Quote:

Originally Posted by Snapolit1

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.

I've been watching Gehrig's #92 Goudey as well. It's definitely been on an upswing recently, price wise. A PSA 4 just sold in Heritage for 11K.

CollectingAmericasPastime · #11 11-22-2021, 01:20 PM

Creating my Watch List was like writing a letter to Santa.

Incredible stuff!

Johnny630 · #12 11-24-2021, 08:50 AM

Quote:

Originally Posted by Snapolit1

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.

It�s my belief the only thing that could bring card prices back down to the mid 2020 levels would be a major crypto meaning btc.bs/eth.com correction.

Snapolit1 · #13 11-24-2021, 09:57 AM

Quote:

Originally Posted by Johnny630

It’s my belief the only thing that could bring card prices back down to the mid 2020 levels would be a major crypto meaning btc.bs/eth.com correction.

I can't say you are wrong, but me thinks the number of crypto rich guys in vintage baseball is much smaller than some think. I would think that new crazy money is going more towards Luka and Zion refractor cards, Patty Mahomes and Brady "rarities", and even soccer cards. Honestly don't think there a ton of 33 year olds who care about Ty Cobb.

Leon · #14 11-23-2021, 03:40 PM

Quote:

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 · #15 11-18-2021, 05:56 PM

Quote:

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 · #16 11-21-2021, 09:07 AM

Quote:

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.

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