Auctions prices in the latest Heritage Auction

[Johnny630]

Originally Posted by parkplace33

I am seeing some chatter about how some of the cards in the most recent Heritage auction was not as strong. Thoughts? Any chance we are going to see prices come down to pre pandemic levels?

I do think we see prices come down to pre pandemic levels. Mostly on second tier guys middle and lower grade. I’ve seen it at shows, people are favoring raw cards over graded. Guys buying super stars in these big auctions, inflation, gas prices up ect have little to no affect on them, so it’s harder to judge but it is moderating, people are being careful, the FOMO is over, that’s for sure. I’ll say the middle class is not going to be spending like they did at last years national. These Big Time Auction are hard to gauge. I will say I noticed a 56 mantle in psa 8 only sold for $15,000, that still to much, but here is the reality about it, last year they were insanely selling for over 20k in psa 8.

[jsfriedm]

Originally Posted by Johnny630

I do think we see prices come down to pre pandemic levels. Mostly on second tier guys middle and lower grade. I’ve seen it at shows, people are favoring raw cards over graded. Guys buying super stars in these big auctions, inflation, gas prices up ect have little to no affect on them, so it’s harder to judge but it is moderating, people are being careful, the FOMO is over, that’s for sure. I’ll say the middle class is not going to be spending like they did at last years national. These Big Time Auction are hard to gauge. I will say I noticed a 56 mantle in psa 8 only sold for $15,000, that still to much, but here is the reality about it, last year they were insanely selling for over 20k in psa 8.

Speaking of 1956 Mantles, a PSA 5 sold for $1,620. Haven't seen that price in about two years.

[Johnny630]

Originally Posted by jsfriedm

Speaking of 1956 Mantles, a PSA 5 sold for $1,620. Haven't seen that price in about two years.

Exactly it’s not all butterflies and daisy’s..people only wanna see the comps they wanna see....it’s pulling back especially post war....they pushed it to far the last couple of years....psa 5 Mickey Mantle is Middle class blue collar that’s a big reason why it’s coming down. It should be a $900-$1,000 card in a 5 Max

[MR RAREBACK]

Wanted the mello mint Mathewson, that sure went up a lot the last day

[Carter08]

Originally Posted by jsfriedm

Speaking of 1956 Mantles, a PSA 5 sold for $1,620. Haven't seen that price in about two years.

Was it a centered new grade? One just auctioned on eBay for 3k.

[Casey2296]

Pre war as strong as ever, post war getting soft.

[jsfriedm]

Originally Posted by Casey2296

Pre war as strong as ever, post war getting soft.

No, it wasn't the strongest example. But plenty of equivalent ones have sold for 2-3K in the last two years. The lot I was most interested in was the complete PSA graded T205 set. I conservatively estimated that had a breakup value of about 100K, though that was definitely on the low end given recent T205 prices. It went for 117K. A solid price, but not a spectacular one.

[Casey2296]

Originally Posted by jsfriedm

No, it wasn't the strongest example. But plenty of equivalent ones have sold for 2-3K in the last two years. The lot I was most interested in was the complete PSA graded T205 set. I conservatively estimated that had a breakup value of about 100K, though that was definitely on the low end given recent T205 prices. It went for 117K. A solid price, but not a spectacular one.

Same thing going on in high cost real estate, deals going for 150k over ask are now going for ask, but the ask price is still high and sellers are getting their price. I do think there was deals to be had like Ryan's Plows Cobb.

[sportscardpete]

Feels like pre-war, high quality cards are as strong as ever. And people have been calling the demise of vintage for many many years. Hard to believe them now.

[brianp-beme]

Originally Posted by Casey2296

Same thing going on in high cost real estate, deals going for 150k over ask are now going for ask, but the ask price is still high and sellers are getting their price. I do think there was deals to be had like Ryan's Plows Cobb.

Out of curiosity I looked up the selling price of the Plow's Candy Cobb (great card by the way Ryan), and saw that it had sold for almost exactly 3x the amount the same exact card, in same holder, sold for 6 years ago (in fact exactly six years to the date...kinda cool).

In a normal world (which I mean the past in our hobby) that would be a great profit for the seller, but the market for BIG NAME HOF'ers has, as everyone and their doctor knows, gone nuts the last several years, so yes indeed I think this particular card came at a great bargain price.

Brian