Dmitri Young collection

[steve B]

Originally Posted by Leon

At 4.4 million you have to wonder how many $$ are left to go up......Interesting.

If they only go up 5% that's 220,000 Not a bad weeks pay.

I get the impression from what I've read about some of my other hobbies that many buyers in that sort of price range will have dealers or others act as agents to bid for them. I'm not sure how that works exactly, but I'd assume some "small" profit for the bidding agent. (small percentage)

I suppose if you can afford 4.4 million for a jersey your time might be too valuable to spend cruising auctions looking for one to spend that sort of money on as well.

Steve B

[Matthew H]

I'm also assuming the bidding agent idea, as Steve said. If they paid 4.4mil to add one item to their inventory, then wow.

[insidethewrapper]

Can you imagine the stress for a grader between labeling a top rookie card a 9 vs a 10 ? In each case the value can be over 100k. A lot of room for fraud etc

[glchen]

Originally Posted by insidethewrapper

Can you imagine the stress for a grader between labeling a top rookie card a 9 vs a 10 ? In each case the value can be over 100k. A lot of room for fraud etc

I don't think there was too much stress. If they did have stress, they would just label any questionable "10" a "9." So the fact that you see plenty of weak 10's says to me that they're not spending too much time on the card. There probably definitely was stress in grading that Goodwin Plank, however, where SGC wrote a letter justifying their decision to give that card a number grade. For these PSA 10's however, the graders who gave the 10's probably never even imagined that these cards would go for such huge sums.

[olrac44]

Originally Posted by steve B

If they only go up 5% that's 220,000 Not a bad weeks pay.

I get the impression from what I've read about some of my other hobbies that many buyers in that sort of price range will have dealers or others act as agents to bid for them. I'm not sure how that works exactly, but I'd assume some "small" profit for the bidding agent. (small percentage)

I suppose if you can afford 4.4 million for a jersey your time might be too valuable to spend cruising auctions looking for one to spend that sort of money on as well.

Steve B

If you've got that kind of money your anonymity is just as valuable.

[peterose4hof]

You know who's happiest about the results of this auction...

Not Dmitri Young, not SCP Auctions, not the winning bidders. It is Mr. Joe Orlando.

[smotan_02]

Originally Posted by peterose4hof

You know who's happiest about the results of this auction...

Not Dmitri Young, not SCP Auctions, not the winning bidders. It is Mr. Joe Orlando.

Definitely not Dimitri...he spent nearly $5 mil on his collection and took in $2.5.

http://www.detroitnews.com/article/2...-slam-bat-next

[Sterling Sports Auctions]

That's an article for all these so called investors that seem to think that is the only way to go in the hobby, modern cards in any condition just are not a good investment plan and simple, way too many of them out there.

I have felt and continue to feel that if you buy smart in the Pre WWII cards they are a great investment. In the 10 + years I have actively been buying and selling my stocks (which I stopped putting money into about 5 years ago) have gained little to no value. Whereas the money I have into my Pre WWII cards has done extremely well. When you have cards that you put between $50 & $100 selling for a $1000 or more has proved to be great investments.

Not only are they nice investments, I thoroughly enjoyment, which can not be said for many investments.

Lee

[benjulmag]

Originally Posted by smotan_02

Definitely not Dimitri...he spent nearly $5 mil on his collection and took in $2.5.

Given the prices some of these cards realized, it's hard to fathom that on average Dimitri spent twice as much acquiring them.

[oldjudge]

Corey-Don't kill a good story with facts. BTW, Joe deserves to be happy, He has done a great job with the PSA set registry. SGC could learn a lot from him in this area.

[philliesphan]

he spent five million on his collection. At least not that which was sold.

I've heard (from numerous sources) about his acquisition of the Clemente rookie, for which he paid $250k.

I know the person that sold him the Jeter rookie, and Dmitri sold for a multiple of price paid.

I sold the Fergie Jenkins rookie to Dave Bailey.

I am quite sure that Dmitri did very well on a large number of cards he bought. He did lose some money on a number of the smaller cards (1971 OPC Greg Luzinski PSA 10, for example), but you should not believe he sold his collection of rookie cards at a 50% loss. That is simply not factual.

[Leon]

Originally Posted by benjulmag

Given the prices some of these cards realized, it's hard to fathom that on average Dimitri spent twice as much acquiring them.

I don't think there is anyway in hell he lost 50% on the totality of his sales the other night. From the prices I saw, in total, that seems absurd.

[insidethewrapper]

Now all I have to do is find one great Rookie card from the '50s (PSA10) and I will be set. The dream continues.

Hard to believe some of the money some people have. And they whine about increasing the tax a little in this top bracket ( use to be over 70%) now in the 30's.

[Bosox Blair]

Originally Posted by smotan_02

Definitely not Dimitri...he spent nearly $5 mil on his collection and took in $2.5.

http://www.detroitnews.com/article/2...-slam-bat-next

This "news" is pathetic. If the real story is that a guy spends years and $5 million assembling a collection that sells for half that, you would think it would be stated clearly. Instead, this ambiguous "fact" is buried in a throw-away parenthetic comment.

Hmmmmm...didn't think it was important to clarify whether this guy just lost $2.5 million on his collection?

Modern "journalism" at its finest - hopeless.

Cheers,
Blair Curtis

I can believe he spent that after paying PSA to regrade cards to a 10. I am sure PSA was well paid to have this royalty treatment done