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  #1  
Old 05-01-2022, 08:45 AM
ClementeFanOh ClementeFanOh is offline
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Default consignor
I don't possess the chops to describe the high bid or the expectations of
this consignor...wow.

I'd love to know how much it cost to produce the jersey originally, then to
figure the markup on it's value per this auction (ie, the jersey drew a ___-
percent increase in value over it's original cost).

Trent King
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  #2  
Old 05-01-2022, 09:01 AM
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Snapolit1 Snapolit1 is offline
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Maybe its owned by a conglomerate of people.

I mean 8.5 million, even allowing 3M for taxes, has to be a life changing score for 99.99% of the population.



Quote:
Originally Posted by ClementeFanOh View Post
I don't possess the chops to describe the high bid or the expectations of
this consignor...wow.

I'd love to know how much it cost to produce the jersey originally, then to
figure the markup on it's value per this auction (ie, the jersey drew a ___-
percent increase in value over it's original cost).

Trent King
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  #3  
Old 05-01-2022, 10:11 AM
Carter08 Carter08 is offline
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Quote:
Originally Posted by ClementeFanOh View Post
I don't possess the chops to describe the high bid or the expectations of
this consignor...wow.

I'd love to know how much it cost to produce the jersey originally, then to
figure the markup on it's value per this auction (ie, the jersey drew a ___-
percent increase in value over it's original cost).

Trent King
Maybe 50 cents?
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  #4  
Old 05-01-2022, 10:25 AM
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drcy drcy is offline
David Ru.dd Cycl.eback
 
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Things not selling is bad publicity for an AH
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  #5  
Old 05-01-2022, 10:40 AM
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Snapolit1 Snapolit1 is offline
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Quote:
Originally Posted by drcy View Post
Things not selling is bad publicity for an AH
Ah, I don't know . . . .I've always assumed the old adage any publicity is good publicity is true in almost all instances.
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  #6  
Old 05-01-2022, 10:42 AM
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Leon Leon is online now
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Quote:
Originally Posted by Snapolit1 View Post
Ah, I don't know . . . .I've always assumed the old adage any publicity is good publicity is true in almost all instances.

+1. Say what you want just spell my name correctly!
.
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  #7  
Old 05-01-2022, 04:11 PM
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Mark17 Mark17 is offline
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Goldin Auctions did their job - they got a record bid for a jersey. The fact the seller wanted more isn't their fault. they brought a great item to market and they got a huge bid for it.

I can imagine the conversation:
Consignor: I don't need the money and I want to keep it.
Goldin: Suppose you could get $10 million? Then would you sell?
Consignor: Well, for that kind of cash, I'd be a fool not to, I guess.
Goldin: Let's try. It can't hurt.
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  #8  
Old 05-01-2022, 04:18 PM
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mrreality68 mrreality68 is offline
Jeffrey Kuhr
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Quote:
Originally Posted by Mark17 View Post
Goldin Auctions did their job - they got a record bid for a jersey. The fact the seller wanted more isn't their fault. they brought a great item to market and they got a huge bid for it.

I can imagine the conversation:
Consignor: I don't need the money and I want to keep it.
Goldin: Suppose you could get $10 million? Then would you sell?
Consignor: Well, for that kind of cash, I'd be a fool not to, I guess.
Goldin: Let's try. It can't hurt.
+1 agreed.
However doesn’t the Auction House still get some money if it did not meet the reserve. I seem to recall that some auction houses still take 20% from the seller for items with a reserve that do not hit the reserves
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Thanks all

Jeff Kuhr

https://www.flickr.com/photos/144250058@N05/

Looking for
1920 Heading Home Ruth Cards
1920s Advertising Card Babe Ruth/Carl Mays All Stars Throwing Pose
1917-20 Felix Mendelssohn Babe Ruth
1921 Frederick Foto Ruth
Rare early Ruth Cards and Postcards
Rare early Joe Jackson Cards and Postcards
1910 Old Mills Joe Jackson
1914 Boston Garter Joe Jackson
1911 Pinkerton Joe Jackson
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  #9  
Old 05-01-2022, 04:18 PM
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Casey2296 Casey2296 is offline
Is Mudville so bad?
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1st world problems that has nothing to do actual collecting.
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  #10  
Old 05-01-2022, 05:20 PM
Republicaninmass Republicaninmass is offline
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Like the traveling card show museums. Cards are for sale, just not for market price
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Always looking for signed 1952 topps as well as variations and errors
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  #11  
Old 05-01-2022, 07:25 PM
Aquarian Sports Cards Aquarian Sports Cards is offline
Scott Russell
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Quote:
Originally Posted by Mark17 View Post
Goldin Auctions did their job - they got a record bid for a jersey. The fact the seller wanted more isn't their fault. they brought a great item to market and they got a huge bid for it.

I can imagine the conversation:
Consignor: I don't need the money and I want to keep it.
Goldin: Suppose you could get $10 million? Then would you sell?
Consignor: Well, for that kind of cash, I'd be a fool not to, I guess.
Goldin: Let's try. It can't hurt.
But since Goldin reserves the right to bid up to but under the reserve, did they REALLY get a high bid?
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  #12  
Old 05-01-2022, 07:56 PM
Shoeless Moe Shoeless Moe is offline
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Quote:
Originally Posted by Mark17 View Post
Goldin Auctions did their job - they got a record bid for a jersey. The fact the seller wanted more isn't their fault. they brought a great item to market and they got a huge bid for it.

I can imagine the conversation:
Consignor: I don't need the money and I want to keep it.
Goldin: Suppose you could get $10 million? Then would you sell?
Consignor: Well, for that kind of cash, I'd be a fool not to, I guess.
Goldin: Let's try. It can't hurt.
Actually, if they did place that last bid, and who knows how many other bids leading up to that last bid, there is no way of knowing if they did get a record bid.
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