What is the current state of prices??

Lorewalker · #1 04-22-2024, 07:07 PM

Quote:

Originally Posted by anchorednw

The short answer to this is no, they do not disclose when other copies of same card being auctioned. One major reason I would be very leery of ever consigning anything to REA, unless a true rare or scarce piece. They simply will not disclose and will load an auction with same cards all the time now.

Wow that is disappointing. Sounds like you have had a first hand experience with that and duly noted. Appreciate your sharing. So might many other people who read this.

anchorednw · #2 04-22-2024, 07:28 PM

Quote:

Originally Posted by Lorewalker

Wow that is disappointing. Sounds like you have had a first hand experience with that and duly noted. Appreciate your sharing. So might many other people who read this.

Unfortunately, I do and have heard from countless others as well. It's a great auction for buyers of said types of cards (more popular, not as scarce, etc), but for sellers, I would stay clear because of this practice.

It's one thing to have multiple cards of same in auction, it's another thing not to notify or warn. The fact they don't says a lot. Can you imagine if they did and how many people would ask to pull out, especially based on how they are loading auctions last year.

Lorewalker · #3 04-22-2024, 08:47 PM

Quote:

Originally Posted by anchorednw

Unfortunately, I do and have heard from countless others as well. It's a great auction for buyers of said types of cards (more popular, not as scarce, etc), but for sellers, I would stay clear because of this practice.

It's one thing to have multiple cards of same in auction, it's another thing not to notify or warn. The fact they don't says a lot. Can you imagine if they did and how many people would ask to pull out, especially based on how they are loading auctions last year.

Yeah it cannot be THAT hard to let your consignors know. To just accept the consignment, make no mention and let the consignors see it once the auction goes live seems inappropriate. And that is the part that would not sit right with me. At least give your consignor a choice. So do their consignment agreements address this at all?

Peter_Spaeth · #4 04-22-2024, 09:39 PM

This has been happening for years now. I think one auction had like 10 plus Red Cobbs. Whether or not cannibalization actually happens, I dunno, but I think you basically take that risk especially with relatively common cards.

Lorewalker · #5 04-22-2024, 09:45 PM

Quote:

Originally Posted by Peter_Spaeth

This has been happening for years now. I think one auction had like 10 plus Red Cobbs. Whether or not cannibalization actually happens, I dunno, but I think you basically take that risk especially with relatively common cards.

Are the 1921 Exhibit Ruths that common? I don't know the issue. I suppose if there were 3 and their grades were not similar, it might not be as bad but as a consignor I would want to know. I suppose it becomes my burden to ask.

darwinbulldog · #6 04-22-2024, 10:12 PM

Quote:

Originally Posted by Lorewalker

Are the 1921 Exhibit Ruths that common?

At least as common as "common" 1921 Exhibits, so I'd say yes. The 3 in the auction represent less than 1% of all the surviving copies.

Rhotchkiss · #7 04-22-2024, 10:58 PM

Quote:

Originally Posted by darwinbulldog

At least as common as "common" 1921 Exhibits, so I'd say yes. The 3 in the auction represent less than 1% of all the surviving copies.

There are 235, 1921 exhibits Ruth�s on the combined PSA/SGC pop report. I bet a sizable minority (20%) are crossovers, and certainly others exist that are not on the pop reports. So if we take the combined pop report as a fairly decent estimate of surviving examples (offsetting crossovers with ungraded), 3 in one auction is 1.28% of the entire population.

By contrast, the PSA pop report shows 2,609 graded red Cobbs (ignoring backs); SGC�s pop report is a major pain and I cannot tell how many red Cobbs have been graded without searching every year 1909-11 and all applicable backs. So looking at the PSA pop alone, t206 red Cobbs are 11.1x more common the 1921 exhibit Ruth�s. Let�s assume that SGC has graded 1500 red Cobbs, the difference becomes 17.5x.

Based on this comparison, three 1921 Ruth exhibits is equal to 52.5, t206 red Cobbs. 52.5 red Cobbs in one auction seems excessive. Yet 3 Ruth Exhibits (especially if different grades/condition and grading companies) seems much more ok.

And this is the garbage that gets posted at midnight when one cannot sleep bc they add thinking of cards!

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