Thoughts on this 1925 Gehrig

[Rhotchkiss]

In the Heritage auction that closed last night, the Gehrig first pictured below, failed to get a bid at the reserve of $98.4k with buyers premium.

According to VCP, the same exact card, pictured second below in an older SGC flip, sold for $132k (a record for the grade) in a PWCC Premier auction in February of 2022.

Thoughts? Maybe the new flip devalued the card by $40k??!!! (Joke)

[Seven]

I think we're seeing a shift, we've been seeing it IMO.

While blue-chip vintage is still strong, I think people are more hesitant with so many economic uncertainties plaguing the nation at the moment. COVID money is gone, people are fully back to work at this point, we can now travel wherever we want. Combine that with the fact that the country is trying to figure out if we are in a recession already, or heading for one.

With prices of every day goods rising through the roof, something has to give.

[mrreality68]

I saw the card and was watching it and surprised that it did not hit the reserve. The prices of the Rookies for him has been insane.

Just curious if this is just a one off and if when they try and re auction it it will go for higher.

Key Card for a Monster Player.

I do not think it is the economics at play because other top cards are going for some strong prices

As an aside there were a couple of early Gehrig Cards of his that were not Rookie cards but were nice

[sb1]

Possibly because the card and grade don't match and bidders wised up. It is a 1 all day long, not a 3.

[Snapolit1]

Looked nicer in the original case (when I owned it).

[x2drich2000]

Originally Posted by Snapolit1

Looked nicer in the original case (when I owned it).

Agree, the bottom right corner looks more jagged now and is missing some paper that was there before.

[robertsmithnocure]

Originally Posted by sb1

Possibly because the card and grade don't match and bidders wised up. It is a 1 all day long, not a 3.

Agree with sb1. With that much corner wear, that card should have never been originally graded a 3. Coupled with the extensive foxing, this is not a nice looking example IMHO. To me, it looks like a 1.5 at best.

[Vintageclout]

Originally Posted by sb1

Possibly because the card and grade don't match and bidders wised up. It is a 1 all day long, not a 3.

+1000! Spot on. Card is significantly over-graded. Severe corner rounding merits a 1.5 - 2 assessment at best & add in the foxing/surface soiling and it’s a borderline 1.

[Lorewalker]

The market is not as strong today as it was in early 2022. I am pretty sure this is the 2nd Gehrig rookie I have seen sell in the last 3 months which resulted in a lower price than it had attained in a recent sale. Prior to posting I went to try to find that sale and cannot recall which house had it.

I think the reserve may have turned off some bidders but really when someone wants a card badly enough I think we all know that a reserve is not going to stop them from bidding. However with that said, a reserve is very much like an eBay store listing and I think as collectors most of us prefer to bid and feel like we are more in control of the price we pay.

And lastly...the first sale was a PWCC sale. I will always remain skeptical of their auction results which is why I have not and will not look at their listings.

[BobC]

Originally Posted by sb1

possibly because the card and grade don't match and bidders wised up. It is a 1 all day long, not a 3.

+1,001

[Rhotchkiss]

I fully agree the card is over-graded, does not deserve a 3 (maybe not a 2), and the card looks worse in the new slab (the bottom right corner specifically), but if you believe the PWCC sale from February, the card did not receive a bid at the $98.4k reserve amount, which means the same exact card -- a 1925 Lou Gehrig Rookie (71 on combined PSA/SGC Pop repot), has gone down 26% in less than year. I am not sure it is just the market or just the condition/slab, Maybe a combo of both and the reserve...

Or, maybe people just arent keen on Lou anymore

[Gorditadogg]

In order to have a fair, apples to apples comparison of all the great hitters, I adjusted HOFers career stats to reflect what they would have been if they'd slurped up PEDs like Bonds.

Ruth's revised numbers are 1600 homeruns and a .485 batting average. Hank Aaron's are 1425 and .440. Interestingly, Bonds didn't even make the top 100.

Sent from my SM-S906U using Tapatalk

[Exhibitman]

So these two cards are the same grade?




Yeah, that makes sense.

[brianp-beme]

Originally Posted by Exhibitman

So these two cards are the same grade?




Yeah, that makes sense.

To me it does, as it appears Ruth has been downgraded for getting second billing to Snookums.

Brian