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

[raulus]

Originally Posted by puckpaul

I disagree, if you dont like or trust an auction house, and you would spend that kind of money on a Koufax rookie i think it’s very plausible that you would look elsewhere. It’s not like it’s that scarce a card.

What if you could get it for 20% off?

Or 50% off?

Is there no discount at which you would decide you’re ready to buy?

I suspect most of the group has their price at which they would bite.

[Lorewalker]

Not sure we will ever know why this one sold for less but it might be nothing more than everyone who could afford to pay more than 288K had no interest in adding a 55 Koufax to their collection. Might be a case were a straight for sale would have maintained the previous price point. Still a good price overall just not great news to those who recently paid more but this is what happens when you have skin in the game. I rather have a 55 Koufax 9 at 460 than an 86 Jordan 10 at 700.

Whenever I reflect on our hobby and try to figure out what something is worth the overly obvious phrase, it is worth what someone is willing to pay for it, pops into my head.

One thing we do know is that there are far more buyers for a 55 Koufax PSA 5 than there are a 55 Koufax PSA 9.

[Exhibitman]

I've always maintained that for postwar mainstream cards, condition rarity is a risky bet, especially where the numbers are so large that only 0.01% of collectors are the market.

[puckpaul]

Originally Posted by raulus

What if you could get it for 20% off?

Or 50% off?

Is there no discount at which you would decide you’re ready to buy?

I suspect most of the group has their price at which they would bite.

Maybe…But i don’t scour pwcc for bargains, i just dont participate there. I have never trusted certain Auction houses mentioned, so, no, it’s not worth my time to monitor their auctions. All you need are a few participants to opt out and prices can disappoint.