High Grade Ruth Rookie

[MattyC]

I would venture out on a limb and say that card is presently worth 762k.

[mrreality68]

Originally Posted by MattyC

I would venture out on a limb and say that card is presently worth 762k.

Yes it is worth what it sold for but in my opinion if it was at a different auction house and had more exposure and more potential bidders and email blasts, and catologs and social media like instagram it would have done better.

But we will never know what could have been.

[edhans]

Originally Posted by MattyC

I would venture out on a limb and say that card is presently worth 762k.

I respectfully disagree. I don't think we can reach any conclusions about the current "market value" based on this auction. The winning bidder may have had several more increments left and would have happily paid north on $1M for it. Regrettably for the consignor, there was no third party willing to push it to that level. If that card were offered at a private sale for $1.2M and the buyer agreed, wouldn't that establish a true "market value"?

[uniship]

Whoever bought that card is a genius and will easily double their money (if not far more) in next few years.

[Lorewalker]

Originally Posted by edhans

I respectfully disagree. I don't think we can reach any conclusions about the current "market value" based on this auction. The winning bidder may have had several more increments left and would have happily paid north on $1M for it. Regrettably for the consignor, there was no third party willing to push it to that level. If that card were offered at a private sale for $1.2M and the buyer agreed, wouldn't that establish a true "market value"?

Two Net54 members state they were the immediate under bidders. On any lot in any auction the person who wins that item could always been willing to pay more but if nobody else bids then in the auction format, that is market value. We use those results predominantly as market value in the hobby. Fixed price is another way to determine market value but it does not in any way invalidate the auction result. What something is worth or what its value is in many cases can be a fluid concept. As it stands, 762K is a valid comp, love it or not.

[Rhotchkiss]

Originally Posted by Lorewalker

Two Net54 members state they were the immediate under bidders. On any lot in any auction the person who wins that item could always been willing to pay more but if nobody else bids then in the auction format, that is market value. We use those results predominantly as market value in the hobby. Fixed price is another way to determine market value but it does not in any way invalidate the auction result. What something is worth or what its value is in many cases can be a fluid concept. As it stands, 762K is a valid comp, love it or not.

Indisputably, $762k is a valid comp. It sold, in an auction, for $762k. I do think it would have done better in a different auction house, but that's pure speculation. The fact is it sold for $762k

[edhans]

Not saying that the auction result is "invalid" or that it isn't a valid comp. Point is that market value is not determined by an underbidder or lack thereof.

[D. Bergin]

Who is the underbidder, to the underbidder?

Perhaps THAT is the new market value of the card, since the "over-bidder" is out of the picture now.

Deep Thoughts!

[Lorewalker]

Originally Posted by edhans

Not saying that the auction result is "invalid" or that it isn't a valid comp. Point is that market value is not determined by an underbidder or lack thereof.

That is true for every single card ever auctioned. It is worth on that day and time what the person who was willing to pay the most for it ended up paying for it. 762K, like it or not, is a valid comp and the market value.

So do we start tossing out hammer prices arbitrarily or questioning them based on speculation?