Cards selling over 1 million dollars in 2024

[robertsmithnocure]

Originally Posted by Snapolit1

A noticed a few estimates in the upcoming Heritage sale that seem, ah hem . . . mighty generous. The days of "we will state a $10,000-$15,000 estimate because we know it will actually sell for $50,000+ . . ." seem long ago and far away. Now it seems we will state a very strong estimate with fingers and toes crossed.

We just had one very high profile amazing card clock in at a fraction of what the owner was predicting. I suspect we will see more.

I agree about a couple of the Heritage estimates.

Out of curiosity, what was the recent high profile card that sold for a fraction of its prediction?

[ValKehl]

Originally Posted by robertsmithnocure

I agree about a couple of the Heritage estimates.

Out of curiosity, what was the recent high profile card that sold for a fraction of its prediction?

Rob, I believe this is the card: https://robertedwardauctions.com/auc...eum-provenance

[Fred]

Originally Posted by ValKehl

Rob, I believe this is the card: https://robertedwardauctions.com/auc...eum-provenance

What were the projections/predictions for the BN Ruth? $7.2M is a fraction of something. If the card was supposed to sell north of $30M, then the $7.2M would seem a fraction of that amount.

When I see a card commanding $7.2M, in my mind it means it's a very desirable card.

I kind of look at it is a a sign that either the tide is turning on mega$-cards or the investing side of the community didn't agree this is one of those cards that is worth chasing.

Personally, I think it's a great card. I mean a frigging Ruth card from 1914 (sorry, I just can't bring myself to say "rookie" card).

What still blows my mind is that people were paying north of $1M for new modern 1/1 cards. That I'll never understand. Does anyone think that trend will continue? What are people's thoughts about how much those 1/1 cards that were fetching 6 digits would now bring at auction today?

[Gary Dunaier]

Originally Posted by Fred

What still blows my mind is that people were paying north of $1M for new modern 1/1 cards. That I'll never understand. Does anyone think that trend will continue? What are people's thoughts about how much those 1/1 cards that were fetching 6 digits would now bring at auction today?

I still remember it was big news when the 2010 Stephen Strasburg Bowman Chrome Superfractor 1-of-1 sold for $16,000 before Strasburg had even made his Major League Debut... and the guy who bought it sold it for $21,000 a month later! (What's that card worth now?)

[4815162342]

Originally Posted by Gary Dunaier

I still remember it was big news when the 2010 Stephen Strasburg Bowman Chrome Superfractor 1-of-1 sold for $16,000 before Strasburg had even made his Major League Debut... and the guy who bought it sold it for $21,000 a month later! (What's that card worth now?)

That’s a blast from the past. I remember seeing it at the National in Chicago in 2015, the last National I attended.

https://www.radicards.com/baseball/s...-superfractor/


Sent from my iPhone using Tapatalk

[robertsmithnocure]

Originally Posted by ValKehl

Rob, I believe this is the card: https://robertedwardauctions.com/auc...eum-provenance

Thank you.

[Snapolit1]

Maybe "a fraction of" is a bit hyperbolic, but when knowlgeable people estimate $10-12 mil and sells for $7 mil . . . .that's quite a bit of a disconnect.

And, sure, I wish it was my card that sold for $7,000,000. I'd be done working tomorrow.

[benjulmag]

Originally Posted by Snapolit1

Maybe "a fraction of" is a bit hyperbolic, but when knowlgeable people at estimate $10-12 mil and sells for $7 mil . . . .that's quite a bit of a disconnect.

And, sure, I wish it was my card that sold for $7,000,000. I'd be done working tomorrow.

I originally expected the BN Ruth to sell north of $10M. When I saw it, however, I changed my view and expected it to sell for about what it ended up going for. I thought the card was very tired looking. The colors were not vibrant, and it exhibit more wear than one would expect for the grade. As I recall, it also was creased. $7.2M is a hell of a lot of money and was paid in recognition of the extreme rarity/significance of the card. And I expect those with the means to pay that sum would have been willing to pay more if the card had better eye appeal.

The BN Ruth seems to be roughly paralleling the T206 Wagner in terms of price, and, depending on its condition, I would expect it to fetch in the neighborhood of what a comparatively graded T206 Wagner to fetch.

[Rhotchkiss]

Originally Posted by benjulmag

I originally expected the BN Ruth to sell north of $10M… $7.2M is a hell of a lot of money and was paid in recognition of the extreme rarity/significance of the card..

The BN Ruth, which sold for $7.2mm, was purchased two years prior for $5mm (it was all over the news), fractional shares were offered on Collectible at a $6mm valuation, and for a year the card was available on Collectible for outright purchase for $8mm - nobody bought it. I don’t know why/how people thought it would go for $10mm+, let alone $8mm+. That said, I agree Corey that $7.2mm is a ton of money, and further, an amazing price under those circumstances, representing a $2.2mm increase (almost 50%) in only two years. Phenomenal result.

[brunswickreeves]

Originally Posted by Rhotchkiss

The BN Ruth, which sold for $7.2mm, was purchased two years prior for $5mm (it was all over the news), fractional shares were offered on Collectible at a $6mm valuation, and for a year the card was available on Collectible for outright purchase for $8mm - nobody bought it. I don’t know why/how people thought it would go for $10mm+, let alone $8mm+. That said, I agree Corey that $7.2mm is a ton of money, and further, an amazing price under those circumstances, representing a $2.2mm increase (almost 50%) in only two years. Phenomenal result.

One ‘easy’ way to become a millionaire.