Health of Asset Class - Over/Under 1955 Topps Koufax PSA 9

raulus · #1 07-22-2023, 11:45 PM

Quote:

Originally Posted by Rhotchkiss

I went back to my initial post and the PSA 9 introduced in that still has not yet gone on sale- It was a preview and the auction starts July 27th!

But since I started the thread, a PSA 9 Koufax did sell in REA (April) for $384k, which was well over the $345k over/under I set and, as you can see from the updated VCP info posted below, is on par with sales in 2022.

Ryan - ready to make an updated call? $450k?

Rhotchkiss · #2 07-23-2023, 07:01 AM

Quote:

Originally Posted by raulus

Ryan - ready to make an updated call? $450k?

I think we should increase the line. How about $470k

Regarding state of the market/hobby/industry- I woke up this morning, realized Heritage was open, and I placed 39 different initial/placeholder bids totaling just over $2.9mm with buyers premium. I fully expect none of those bids to win. In fact, I expect that by mid week, I will have $0 at rush and 0 high bids. (Keep in mind, it�s easy to get to $2.9mm when you place $300k bids on cards that will likely sell for $500k+). I don�t know if that means that the hobby is healthy economically or there is just a ton of great stuff now for sale, or both.

raulus · #3 07-23-2023, 12:24 PM

Quote:

Originally Posted by Rhotchkiss

I don�t know if that means that the hobby is healthy economically or there is just a ton of great stuff now for sale, or both.

Certainly plenty of people with way too much money running around and buying stuff. Not sure how to interpret that phenomenon in terms of what it means for the market/hobby, except it sure is a nice time to be selling high quality stuff.

And I suspect the auction houses won�t complain!

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