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#1
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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. |
#2
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Quote:
http://www.detroitnews.com/article/2...-slam-bat-next
__________________
Always looking for Army-Navy and Army-Notre Dame tickets and programs from before 1930. Vintage Army Football Collection http://www.wix.com/armyautin/vintage-army-football |
#3
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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
__________________
Tired of Ebay or looking for a place to sell your cards, let SterlingSportsAuctions.com do the work for you, monthly auctions. |
#4
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Given the prices some of these cards realized, it's hard to fathom that on average Dimitri spent twice as much acquiring them.
Last edited by benjulmag; 05-21-2012 at 04:09 PM. |
#5
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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.
Last edited by oldjudge; 05-21-2012 at 04:15 PM. |
#6
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I don't believe
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. |
#7
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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.
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Leon Luckey |
#8
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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. |
#9
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I agree that it's hard to believe he paid 2x more than what they went for at SCP. Perhaps he had the cards shipped by limo.
Last edited by drc; 05-21-2012 at 07:06 PM. |
#10
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Quote:
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
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My Collection (in progress) at: http://www.collectorfocus.com/collection/BosoxBlair |
#11
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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
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