Wow Rare Air 52 Mantle SGC 5 REA

marzoumanian · #1 08-16-2022, 08:56 AM

This could be the result of a classic bidding war between two people who wanted the card badly. That's all it takes to end in an eye popper. I was watching the bidding during the auction's last days and as I recall it was at $100,000 or so on Sunday. Incredible final number. Wow.

parkplace33 · #2 08-16-2022, 11:33 AM

For those that own a card of this caliber, has this sale motivated you to think about selling?

MikeGarcia · #3 08-16-2022, 11:55 AM

Quote:

Originally Posted by parkplace33

For those that own a card of this caliber, has this sale motivated you to think about selling?

.. The current thread about capital gains on baseball cards has cooled a lot of jets , at least until their applications for Swiss citizenship are approved.

..

....

..fortunately in my situation my capital gains on my own '52's will permit me to remain in Pottsville R D 4 , where the goats and sheep take care of the lawn.

..

BobC · #4 08-16-2022, 12:44 PM

Quote:

Originally Posted by MikeGarcia

.. The current thread about capital gains on baseball cards has cooled a lot of jets , at least until their applications for Swiss citizenship are approved.

..

....

..fortunately in my situation my capital gains on my own '52's will permit me to remain in Pottsville R D 4 , where the goats and sheep take care of the lawn.

..

Don't let the capital gains tax deter you. It is still capped at a max 20% rate......for now. If they end up taking that cap off after a certain point, watch for a lot more of the big value cards to start appearing for sale/auction, before the higher tax rates take effect.

And picking Swiss citizenship may not be a great move. Along with income taxes levied at the federal, canton (their version of our states), and municipal levels, the Swiss may also levy a wealth tax at the canton and local levels. My understanding is their taxes can be as complicated and confusing as ours.

robertsmithnocure · #5 08-16-2022, 01:29 PM

Quote:

Originally Posted by BobC

Don't let the capital gains tax deter you. It is still capped at a max 20% rate......for now.

BobC, are long term capital gains on collectibles taxes at 20% or 28%?

https://www.investopedia.com/article...bles-taxed.asp

Johnny630 · #6 08-16-2022, 02:26 PM

The one in Heritage that sold in Feb of this year was a SGC 5, it blows this REA example in my opinion.

https://sports.ha.com/itm/baseball/1...umbnail-071515

also one just recently sold in PWCC Premier that looked killer, SGC 5 1952 mantle went for $156,00 So how are we getting to $306,000k 1 months later?? I have no idea ?

https://sales-history.pwccmarketplac...ms/PREMIER3873

If I had 1952 Topps Mantle SGC 5 of same caliber as this last one, I would be nervous to consign mine. Fearful it would only bring between a 100-150k, somewhat more normal. Not saying I don't believe the last sale just saying it's not normal to be to see that card going for $306,000.

Peter_Spaeth · #7 08-16-2022, 02:33 PM

Quote:

Originally Posted by Johnny630

The one in Heritage that sold in Feb of this year was a SGC 5, it blows this REA example in my opinion.

https://sports.ha.com/itm/baseball/1...umbnail-071515

also one just recently sold in PWCC Premier that looked killer, SGC 52 mantle went for $180,00 So how are we getting to $306,000k 3 months later?? I have no idea, do you?

If I had 1952 Topps Mantle SGC 5 of same caliber as this last one, I would be nervous to consign mine. Fearful it would only bring between a 100-150k, somewhat more normal. Not saying I don't believe the last sale just saying it's not normal to be to see that card going for $306,000.

204 on the Heritage. So a 50 percent gain.

MattyC · #8 08-16-2022, 01:26 PM

Quote:

Originally Posted by parkplace33

For those that own a card of this caliber, has this sale motivated you to think about selling?

It has not motivated me to consider selling. I'd sell my collection if it was the only available difference maker perhaps in getting a dream home for my family, but that's the only scenario I could envision.

This REA SGC 5 example in question is certainly not what I would call the absolute best centering for a 311-- yet that degree hardly if ever surfaces, and a collector waiting for it can be waiting years and years. There was a 3 that sold at Heritage last year for $162,000 that had what I'd call as close to perfect as they come, and I believe PWCC has an SGC 7 with that degree of centering for over a million ask.

So the REA card is certainly a very strong one graded on the curve against what surfaces (the usual tilt and centering problems), and all it takes is two bidders with the right bankroll to slug it out. Auctions bring a competitive angle into the mix that simply cannot be ignored. And if a card brings out a mix of passionate collectors and card docs who see dollar signs, that is the recipe for very spirited bidding. It's happened to me on certain cards when I later found out I was bidding against a collector or two and a doctor.

ullmandds · #9 08-16-2022, 11:51 AM

Quote:

Originally Posted by marzoumanian

This could be the result of a classic bidding war between two people who wanted the card badly. That's all it takes to end in an eye popper. I was watching the bidding during the auction's last days and as I recall it was at $100,000 or so on Sunday. Incredible final number. Wow.

War between card doctors??

Peter_Spaeth · #10 08-16-2022, 01:04 PM

Quote:

Originally Posted by ullmandds

War between card doctors??

Always something to be considered when a card goes off the charts.

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