Thoughts on this 1925 Gehrig

[BobC]

Originally Posted by sb1

possibly because the card and grade don't match and bidders wised up. It is a 1 all day long, not a 3.

+1,001

[Rhotchkiss]

I fully agree the card is over-graded, does not deserve a 3 (maybe not a 2), and the card looks worse in the new slab (the bottom right corner specifically), but if you believe the PWCC sale from February, the card did not receive a bid at the $98.4k reserve amount, which means the same exact card -- a 1925 Lou Gehrig Rookie (71 on combined PSA/SGC Pop repot), has gone down 26% in less than year. I am not sure it is just the market or just the condition/slab, Maybe a combo of both and the reserve...

Or, maybe people just arent keen on Lou anymore

[sb1]

just not a good exemplar for where the market is on '25 Exhibit Gehrig

[Snapolit1]

I do believe in the theory that a reserve can be a real buzz kill. The psychology of auctions is a weird one.

I've listed an item on eBay with a $19.99 opening bid and its crickets for 6 months. . . . then I list it at 99 cents and it sells for $57. Happens all the time.

[BeanTown]

First off it’s a great card no matter what. Not shocked it went for far less money in HA. HA is a very credible AH compared to PWCC which I think is still under a Federal investigation. The bottom right corner got worse on the flip as now it has more paper loss. Completely over graded back then and now. Add the reserve factor to the mix and I think it realized a fair amount for its current state. Scott’s Gehrig is gorgeous and would easily double or triple what the higher graded Gehrig sold for that Ryan showed IMO. Maybe who submits the card makes a difference to I dunno. Lastly, there are two different shades for the 1925 Exhibits which only advanced collectors know about and rarely post about. That could be a factor as well.

[bcbgcbrcb]

Lots of good points, mostly all valid IMHO. I also don't mind seeing that even the 6-figure, high-end cards are not immune to the current state of the hobby/economy. Why shouldn't those with deep pockets take it on the chin as often as those of us common folk who could never afford to play in that arena and have sure seen plenty of our cards dropping throughout 2021 and continuing even more so throughout 2022. As everone is quick to note though, still well ahead of the game pre-2020, assuming that you already owned the cards at that time.

[oldjudge]

Personally, I think the points made above are valid. However, I believe Gehrig cards were overpriced and are now coming back to earth. In my mind Gehrig was only very slightly better than Foxx. There is no reason other than his untimely death that there should be such a large price discrepancy between their cards.

[mrreality68]

Originally Posted by Rhotchkiss

I fully agree the card is over-graded, does not deserve a 3 (maybe not a 2), and the card looks worse in the new slab (the bottom right corner specifically), but if you believe the PWCC sale from February, the card did not receive a bid at the $98.4k reserve amount, which means the same exact card -- a 1925 Lou Gehrig Rookie (71 on combined PSA/SGC Pop repot), has gone down 26% in less than year. I am not sure it is just the market or just the condition/slab, Maybe a combo of both and the reserve...

Or, maybe people just arent keen on Lou anymore

Hopefully it means a few of us can get a chance to a get one of those 71 Rookie cards if market and budget permit