Memory lane auction results last night

Rhotchkiss · #1 02-05-2024, 01:02 PM

Quote:

Originally Posted by jsfriedm

Small sample size, but when it comes to high grade T205s, that is always the case. The PSA 7 T205 Cy Young sold for $53,874 - exact same card sold in ML in October 2021 for $110,084, so over 50% drop. The PSA 8 T205 Speaker sold for $30,508, while one sold in Heritage in November 2021 for $49,200, so nearly 40% drop.

This is with reposting.

But here is VCP data on the last several t205 Speaker PSA 8 sales. I think that November 2021 could be a major outlier, and we would all agree that the result the other night is great compared to these other results

Also not that the recent sale is not (hopefully, yet) in VCP

jsfriedm · #2 02-05-2024, 02:29 PM

Ryan,

Thanks for the VCP data. Incidentally, the one that just sold at ML is the same one that sold in April 2021, though that sold at Leland's, which I think gets less attention, and before I think the pandemic boom really fully hit vintage. In any case, I think the question is this: are pre-pandemic comps supposed to be relevant? As Nicolo showed in his message, we are still generally far above those, and that is still the case in the world of high grade T205s. So much so, that I thought less in terms of pre-pandemic comps and more in terms of where the new baseline is. Do you think pre-pandemic comps should still be the measuring stick?

Rhotchkiss · #3 02-05-2024, 02:45 PM

Great question! I think it depends somewhat on the card we are comping. But I do think that with many cards, especially ones that are fairly common, you can throw pre-Covid data out the window. Those prices are long gone and likely never coming back.

raulus · #4 02-05-2024, 04:34 PM

Quote:

Originally Posted by Rhotchkiss

Great question! I think it depends somewhat on the card we are comping. But I do think that with many cards, especially ones that are fairly common, you can throw pre-Covid data out the window. Those prices are long gone and likely never coming back.

Dude! Don't take pre-covid prices away from me. I still hold out hope that one day we'll get a little closer to the pre-covid good old days.

If nothing else, I prefer to continue to refer to pre-covid prices just to track how much they've changed. From time to time, you hear someone say that prices have come back down after covid. While that may be true for a few areas, they're obviously way up for almost all vintage baseball.

Comparing current prices to pre-covid tends to help me to get a better grasp on just how much prices are up. For the most part, it's a lot! And in some cases, the spread is continuing to get worse, rather than better.

Worthless virus.

Killing me.

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