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#51
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I think the card went very cheap. A creased SGC 2 sold for $313k in October of 2021. I would think a PSA 5 would be at least 2.5x an SGC 2, or $782k. Add 2.5 years to that last comp, 2.5 years in which the card market has gone nuts, and I think it should have been $1mm+.
I believe the card would have gotten much more in a US sports-card auction, and the consignor did themselves an expensive disservice here. Had Jay not outed the auction, the disservice may have been even more expense. |
#52
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Prices are a lot lower now than they were 2.5 years ago.
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#53
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Quote:
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http://www.flickr.com/photos/calvindog/sets |
#54
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I would venture out on a limb and say that card is presently worth 762k.
Last edited by MattyC; 04-10-2024 at 01:48 PM. |
#55
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Quote:
But we will never know what could have been.
__________________
Thanks all Jeff Kuhr https://www.flickr.com/photos/144250058@N05/ Looking for 1920 Heading Home Ruth Cards 1917-20 Felix Mendelssohn Babe Ruth 1921 Frederick Foto Ruth Joe Jackson Cards 1916 Advertising Backs 1910 Old Mills Joe Jackson 1914 Boston Garter Joe Jackson 1915 Cracker Jack Joe Jackson 1911 Pinkerton Joe Jackson Shoeless Joe Jackson Autograph |
#56
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Quote:
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( h @ $ e A n + l e y |
#57
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This is a generalization and it is false in many cases. Ruth rookies are not lower compared to 2021. Almost all Ruth stuff is more today than 2.5 years ago. Same is very true with Wagner cards. Most Cobbs have retained value (t206 down some for sure), and Joe Jackson is much higher.
Yes, 2021 was a high point for some cards, but most certainly not for all, and many, including Ruth, are worth more today than 2.5 years ago. |
#58
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I was the underbidder. Just missed.
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#59
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You outbid me with 6 minutes left. I was at 500k (640k) with BP.
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#60
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Ruth Rookie
Quote:
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#61
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Quote:
I follow 52's, and although there are outliers, not all have come down. Many, in fact have risen and continue to do so.
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52 Topps cards. https://www.flickr.com/photos/144160280@N05/ http://www.net54baseball.com/album.php?albumid=922 |
#62
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For a poor schmuck like myself, $762k is nowhere close to $900k.
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#63
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Ruth Rookie
Indeed, scarce Pre-war such as Ruth, Cobb, Wagner, Gehrig, etc. continue to realize very strong numbers. Hobby icons are doing very well.
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#64
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Re: High Grade Ruth Rookie
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"?
__________________
Please visit my website at http://t206.monkberry.com/index.html |
#65
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Whoever bought that card is a genius and will easily double their money (if not far more) in next few years.
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#66
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Quote:
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( h @ $ e A n + l e y |
#67
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#68
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Re: Re: High Grade Ruth Rookie
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.
__________________
Please visit my website at http://t206.monkberry.com/index.html |
#69
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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! |
#70
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Quote:
So do we start tossing out hammer prices arbitrarily or questioning them based on speculation?
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